We’re living in a digital era, where rapid technological change is the status quo, and it’s easier to learn how to make money online more than ever before.
The world is shifting to the on-demand economy of the individual, which presents amazing opportunities for entrepreneurship, wealth creation, and time freedom.
The problem is, most how to make money online articles are still talking about outdated tactics:
- Gift cards with SwagBucks
- Online surveys with Survey Junkie
- Cash back with eBates
- Watch videos for UserTesting or InboxDollars
- Data entry
- I don’t even want to bring up the articles recommending babysitting
Sure, survey sites may have been a money maker when you were 12, but it’s time to up your game. It’s 2019, not 1999.
By building a high-end personal brand and future-proofing your strategies, you can reduce your competition, make more money online, and reap future rewards.
Read on for my 21+ ways to make money online.
Table of Contents
How many online platforms are there? A dozen? A hundred? More?
Yet some people and businesses are still putting all of their eggs in one basket and focusing on only one platform for making money online. It doesn’t matter what you’re selling, omnichannel marketing is the way of the future.
This means you need to sell online across all major platforms where your customers are.
Don’t just become an eBay seller and leave it at that. Launch your own ecommerce store. Start using Amazon FBA. Sell directly through social media platforms including Facebook, Instagram, and Pinterest. Market your product or service on Craigslist. If you’re selling something crafty, sell it on Etsy.
Don’t overlook niche platforms relevant to your industry either. For example, if you’re a designer, then you should include 99Designs, Dribbble, and Society6 as sites to join. To find sites relevant to you, simply do a quick Google search like this one:
Steve Madden is a prime example of how to do this right. The company offers you the following options for buying its products:
- Physical stores
- An online store
- A mobile app
- Amazon (it’s a registered seller)
It also has an active presence on Facebook, Instagram, Pinterest, and Twitter, all with direct links to its website for easy shopping.
If you want to learn how to make a lot of money online, you need to start by understanding your target market and which platforms they hang out on.
Once you know which platforms are worth targeting, you can build a presence on each site, and then start an online business with an ecommerce platform like BigCommerce to help you unify everything. Shopify is another choice, but BigCommerce is best for long term growth.
Don’t forget about things like free ecommerce tools, user-generated content, messaging apps and chatbots; they’re even more popular than social media apps now, and can help you sell more products. And, it’s worth adopting a password manager to help you efficiently switch between platforms while keeping everything secure.
I know that starting a blog is not new advice. But, the traditional path to riches recommends launching a blog, growing your traffic, and adding Google AdSense ads on your site.
Sure, this strategy can work, but ads can be annoying to your audience if used incorrectly, which is why so many people use ad blocking tools:
Instead of relying on ads (which requires a ton of page views and search engine mastery), try more natural selling with the newest affiliate programs to monetize your site. Then, you can also start creating and selling your own digital products on your site and get other affiliates to promote you:
For example, you can offer your loyal followers podcast, video, and/or magazine subscriptions. You can also sell your own ebooks, templates, guidelines, online calculators, software programs, or a membership site. Any digital product you can think up and create can be sold to your audience, as long as it provides them with real value.
Ramit Sethi’s website: I Will Teach You To Be Rich, is a prime example of understanding how to grow a niche blog and then monetize it through digital product offerings. He offers a mix of free and paid resources to his readers, including workbooks, guides, ebooks, and online courses.
Use a tool like Google Keyword Planner to help you understand potential traffic for different niche ideas. While the forecast impression results are based on using paid ads, they work as a great indicator of whether or not a niche will be popular.
Once you’ve chosen your niche, select a reliable and affordable hosting platform such as BlueHost and set up your WordPress website.
Then all you need to do is start creating great blog posts and offering your reviews and digital products everywhere. However, to make real amount of money with this approach, it can take years.
If you want to make money with a blog faster (I made $17k in my blog’s first 90 days), you need to ditch all of the same old blogging advice on affiliate marketing, ads, and products, and unlock the formula to high-end blogging sales below.
You can make money by delivering just about anything these days: products, food, and yes, even people. In the US, car ownership seems to be declining, especially for the younger generation. This is where you come in.
Or you can help move entire families with TaskRabbit Moving Services.
Or you can even sign up as a package delivery driver for Amazon Flex.
In 2018, TaskRabbit published an article highlighting the success stories of taskers over the past ten years. One of the Taskers used TaskRabbit as a way to launch his own full-time business. These companies all have referral programs you can participate in, as customers are 4x more likely to buy when referred by a friend.
Although not passive income, this shows that this type of work can be anything you want to make of it, including a side hustle, a full-time gig, or an income stream to pay for something else.
For most of these services, the rates are set, and there’s no need to compete for jobs or sales. Which means that all you need to do is pick the service that appeals to you, register, and get to work raking in the dough.
Want to be an Uber driver? All it takes is three steps, although you will need to bring your car into one of their centers for an inspection.
For an option like TaskRabbit, it’s a little more complicated. In this case, you need to create an engaging profile, set your own hourly rate and then compete with others for tasks.
To succeed, you will need to research your competition by searching for people providing the same service as you in your area.
Below are the top two taskers when I search for movers in New York. Check out their rates, descriptions, and photos. Then, work on standing out from the crowd with your own personal brand.
Whether this is short term or long term is up to you, but any of these options can kickstart your income to help build out even more side-hustles online. And that’s a big win.
Maybe you don’t want to drive around doing chores and deliveries for others.
In fact, maybe you hate driving so much that your car sits in the garage 80% of the time. Why not make extra income by renting it out on Turo for some extra cash?
And while you’re at it, you can also rent out the now vacant parking space using JustPark.
Do you have a spare bike or one you rarely use? Rent it out as well, with Spinlister. These days you can rent out practically everything you own, including the shirt off your back. In fact, don’t stop at the shirt. You can rent out your entire wardrobe, including shoes, handbags, and accessories, using Style Lend.
Once your home is clutter free, you may even realize you have an entire room that could be rented out. Airbnb allows you to easily rent out a room, or your entire place to short term guests.
Zeona McIntyre first got involved with Airbnb hosting when she was 26, and just three years later, at the age of 29, she was already financially independent and capable of early retirement.
Not only did McIntyre rent out the spare room in her apartment, but she also rented out her own room as well, and couch surfed with friends. Then she acquired more properties and rented those out through Airbnb too. Today, she owns five properties and helps manage 15 more.
To earn extra cash renting out your goods, make sure you take lots of high-quality pictures. These can lead to faster rentals and higher rates. You’ll also need to create detailed and engaging product descriptions. The more info people have, the more likely they are to be interested.
Which ad would you be more interested in? A studio apartment with one picture and this description:
Or, one with 24 pictures and this description:
Be sure to always reply to queries promptly and politely and keep an up-to-date schedule of all your rentals. You don’t want to accidentally rent out your car when you were supposed to go on a road trip.
If you have gained valuable knowledge that can help others, you can now use it to earn income. No matter what your area of expertise is, online courses are growing in demand for professionals and businesses alike. Teachable alone has over 7 million registered students.
You can teach people how to write, do their own taxes, complete basic car repairs, or even learn emerging markets like piloting drones. And once the course is launched, your student will pay you and you’ve built yourself a stream of income.
You can also provide online coaching and consulting services to make money online. With a conferencing platform like Zoom, or even just a private Facebook group and Facebook Live, you can share your knowledge and expertise one-on-one or with a large group.
People are looking for coaches in all kinds of subjects, from motivation to digital marketing.
Plus, you can be a consultant to individuals or even businesses, in any field of expertise. The possibilities are endless.
Did you do well at school? Were you a religious note taker? You can sell your college notes online. Or, maybe you’re currently a parent doing homeschooling or helping your kids with their lessons. Why not become an online tutor for other kids?
Are you a fitness expert? You’re no longer limited to coaching and training local people in person. You can now become an online personal trainer or running coach. If you’re a nutritionist or dietician, you can do this online as well.
In fact, you don’t even have to be a licensed nutritionist.
If you’re self-taught and can provide true value, you can still make a livable income.
Anne Marie spent years researching nutrition and created her own program based on her experience and knowledge. With a simple landing page, she now successfully sells her knowledge online.
A powerful way to make extra money online is to put your money to work for you. A lot of people still think of investing as something that is complex and risky. But, thanks to advancements in technology it’s simpler and more accessible than ever.
The Robinhood app lets you quickly invest in stocks, EFTs, options, and Cryptocurrency. For stocks, look for index funds as they provide the broadest and most diverse range across a market. For example, the S&P 500 will provide you with shares of the 500 largest companies in the US.
To diversify further, you can buy slices of international companies as well. Or if you want to get involved in more active trading, you can use a tool like FOREX for global trading opportunities.
Pete Adeney, aka Mr. Money Mustache, is one of the most popular financial bloggers on the internet. And the reason for this (other than his engaging writing style and fondness of swear words) is that he and his wife both retired after only seven years in the workforce. Thanks to a little bit of frugality and a whole lot of investing.
If you want to make a lot of money investing, look it as a long-term strategy and don’t freak out over short-term market fluctuations. Just use dollar-cost averaging and buy a broad range of stocks that will help shelter you from any downturns (such as the index funds we discussed.) Then you won’t need to waste your own precious time, money, and energy trying to outsmart the market.
To be even more successful, opt for a service that lets you manage your own investments instead of paying someone else a management fee.
You can take some time learning the tricks of the trade such as portfolio rebalancing and tax loss harvesting so that you make just as much money without having to hand someone else a chunk of it.
There are endless opportunities for making money online if you happen to enjoy writing. The days of old where you had to become a professional journalist or rely on an agent and publisher to sell your novel are long gone.
Have you always wanted to write a book or short story? Now, with Amazon KDP (Kindle Direct Publishing) you can easily publish your work and start selling it on Amazon. Hugh Howey is a self-published author who’s won awards, make it into the #1 spot on bestsellers lists and is now having one of his books made into a movie.
You can also make extra cash by transcribing video and audio files for people.
Are you more interested in writing articles? You can make a lot of money as a freelance writer for companies. There are tons of blogging job boards, including ProBlogger. Or you can write guest posts on other people’s blogs. Just do a Google search for “paid guest post” and your industry:
With services like Fiverr and UpWork, listing yourself as a freelance writer for hire is easier than ever before:
Ivan Kreimer launched a successful freelance writing career that allowed him to make so much money online he was able to quit his day job and travel the world in six months.
Being a successful writer starts with picking the right niche. Whether you’re going to write historical romance novels, digital marketing pieces or cryptocurrency articles, you need to select your area of focus and expertise.
Then, strengthen your writing chops and get your content out there. After all, the stronger your content, the more money you can make. The good news is that you can use tools like Grammarly to help you perfect your writing.
Coding skills are incredibly valuable in today’s digital world thanks to how rapidly technology continues to change.
Coding jobs are growing 50% faster than the market overall. Whether you went to school for it, or are self-taught, you can start coding apps, chatbots, or even Alexa skills.
Conversational marketing is going to be the next big thing in the marketing industry. But artificial intelligence, machine learning and natural language processing (NLP) are still maturing.
You can also make plenty of money online by coding new skills for Amazon Alexa.
Back in May 2017, Amazon launched its Alexa Developer Rewards program to pay coders for developing in-demand skills for Alexa.
Thanks to coding two popular skills, David Markey began earning $10,000 a month while still a senior in university.
If you want to build a successful business coding to make money online fast, start listing your skills on a personal portfolio website:
Then, setup a profile on sites like Fiverr and UpWork to generate some business:
Be sure to create some content and post on social media to start bringing in more organic traffic, too. Soon enough, you will be swimming in clients.
People love video. From Twitter and Instagram stories to making money on YouTube, video is insanely popular. According to Cisco, by 2022, video will account for 82% of all internet traffic.
Brands have produced millions of dollars in revenue by implement video strategies.
And new advancements in video technology are leading to even more interesting opportunities for making money online.
One of the more traditional, yet still profitable, methods is selling stock photos and stock video content online on a site like ShutterStock.
Simply use your iPhone to capture high-quality visuals and upload them for purchase.
If you love video games, you can also make money streaming them, providing game reviews, and more on Twitch, which is now owned by Amazon.
With the help of a drone, you can also record and sell high-ticket aerial photography.
Josh Boughner received a drone as a birthday present and ended up turning it into the largest real estate drone network in the US.
It all started by simply taking a few aerial photographs for a local real estate company:
But, Boughner quickly started making sales quickly with drone footage, including inspections, advertisement videos for hotels and resorts, and even surveillance.
To make money with video, you’ll need to invest in quality hardware, whether it’s a 360-degree camera, VR technology, or a drone. Thankfully the costs are going down rapidly, and you get get a high-quality drone on Amazon for less than $1500.
If you’ve ever wanted to start a business online, it’s now easier than ever. You can easily build a website, or even a basic landing page and launch your own remote tech company.
For instance, you can build a company of virtual assistants and use job boards to recruit clients.
The Virtual Assistant Tribe Job Board on Facebook has over 14,000 members and posts up to 9 job openings a day.
Are you having trouble finding the right employees? Or maybe you’re not sure you have enough knowledge, experience, or money to run a business on your own? You can find both employees and a cofounder to partner with through CoFoundersLab.
You can even gain all the advantages of running your own company without launching an independent business.
Freelance sites like Upwork enable people to make full-time income online without having to search out their own clients. And the jobs available cover a broad range, including graphic design, logo design, web design, infographics, voiceovers, and more.
Another option is Amazon Mechanical Turk (MTurk), which allows you to complete manual microtasks for business owners all over the world.
While the pay is quite low per task, they can quickly add up to some extra cash. One tasker shared how he made $290-$300 a week on MTurk while still working another job.
The great news about MTurk is that it’s super easy to join. Log on with your Amazon ID, answer a few questions, and you’re ready to start working. But you’ll need to be motivated if you want to make a lot of money since the name of the game is volume. This means you’ll need to stay focused and be productive without a boss looming over your shoulder.
Social investment communities are not entirely a new phenomenon — they have been around for years on end now.
Just look around yourself, and you will realize that when it comes to making financial investments, people rely more on other people rather than on a professional.
Sharing insights, opinions, experiences and financial advisory is a part of our lives, right?
This is where social investment networks come into the game.
They are very much like your regular social media platforms. However, instead of sharing selfies or your pet’s photos, these social investment networks are the platform where traders interact, access the trading outcomes of their fellow counterparts and come together to have a discourse on financial market in real time.
If you want to make the most out of your financial investment efforts, then selecting the right social investment network is not something you can overlook.
Therefore, today, I will be sharing some of the best social investment networks with you.
Most of these trading networks are very high-end and can help you get better outcomes on your financial investments.
Let’s dive in.
Etoro is touted to be one of the world’s leading social trading platforms. This social investment network allows you to share information on trading and investing in stocks, commodities, and currencies.
It offers three attractive features to its users:
- News Feed – gives its users access to their preferred traders so that they can monitor and emulate their trading decisions.
- Copy Trading – it automatically copies successful traders
- Demo account – completely free account that gives access to unlimited eToro trading features.
Commonly known as the “wealth management for the internet age” in the trading circles, Personal Capital helps you in your financial investments through an intelligent data-driven management approach.
Some of its key features include:
- Allows users to have a clear real-time view of their entire financial life
- Provides smart insights and helps you predict your financial future
- Offers full financial planning
They claim to be the honest source for comparing rates, and rightly so. And the best part is that you get instant and accurate results without paying a single dime.
It is most helpful for students searching for loans as it specializes in helping them find the best possible option. Credible also helps students get better deals and refinance their loans.
Capitalist Exploits is one of the most prominent social investment networks in the world.
They don’t talk about your regular and traditional investment methods. Instead, it takes an asymmetric approach and helps you boost your investment outcomes.
Does it sound like your kind of social network?
I am sure you don’t need me to tell you how lucrative app development can be. Because it is not a hidden fact that there’s a lot of money to be made in app development.
But where do you start?
It’s a no-brainer that you have to learn to code to build apps.
Before we start, let’s see how many apps are there on the internet at present.
Have a look at this infographic from Statista.
You don’t need to be intimidated by these numbers, because the chances are that a majority of them won’t even be in your industry.
And to be honest, many of them turn out to be complete duds.
Secondly, if you come to think of it: the fact that the internet is inundated with so many apps means that the demand for them is also high.
So, the future for app development seems to be great.
Now the question is — how will you, as an individual, make money online through app development?
Let’s go through two scenarios:
Okay, so let’s assume that you have a great idea. Now you want to build an app based on that.
This won’t be an easy path. However, if you end up building a great app with even a greater idea, it could prove to be extremely profitable.
In this case, you should know how you are going to cash in on your app and not expect to make much money in your first year.
Charging your audience to download your app is not a good idea because let’s face it, no one pays to download an app. That’s why most of the apps you see are free of cost.
See for yourself, the sheer difference between the number of free apps juxtaposed to paid apps is eye-opening.
This is not to say that you can’t earn from your app. As I already mentioned, this is one of the most profitable prospects when it comes to app development.
And free apps actually make a lot of money.
- Use advertising as your revenue model.
- Offer subscriptions within the app.
- You can use your app to sell merchandise
- Introduce in-app purchases
These are only a few ways that you can use to monetize your app. Skim down the webpages and research some more. You will surely find even more options to make money using your app.
This is your safest bet as a mobile developer as becoming a freelance mobile app developer will help you make guaranteed money, given that you are good at what you do.
Small and medium-sized businesses and startups are increasingly turning to outsourcing for their app development needs today — which is a great thing for you.
In this case, you would need to start pitching to your clients through countless platforms on the internet, such as:
Also, make sure that you network extensively at events and conferences to meet your potential clients, and to expand your network.
Let’s say you are a semi-famous name in your industry — and have over 5,000 subscribers.
Every once in a while, you even get invited to speak at an event and sit on a panel.
This means that you already established a substantial amount of authority in your subject of work and your audience actually look up to your advice and your content for advice and direction.
If so, it might be time to start a membership site. Membership websites are basically a value exchange.
For those of you who are not familiar with membership website: it is a private website with exclusive content where only the members who opt for paid subscription can access the content.
As long as you continue to provide valuable information to your audience — they will be happy to pay for your monthly subscription.
So what can you actually provide to your audience to make sure that they keep paying for their monthly subscription?
After all, you have to keep your side of the bargain, otherwise, you can say goodbye to your subscribers.
You can deliver value to your members using content like:
- Online courses
- Live Webinars
- Informative guides
- Community forum
- Offer cheat-sheets
- Workbooks & action plans
I won’t be exaggerating if I say that the membership websites can be a holy grail for young entrepreneurs.
The key phrase here is “Recurring revenue.”
And who doesn’t like that?
If your content is valuable enough, members will continue to pay to access and retain it over and over again.
So basically, you are getting monthly income for the content you created just once.
Think of it this way: you spend two hours with a client. The client pays you once and you both move on. That’s about it!
Here’s another scenario: you spend two hours creating something valuable for your membership site. Now you continue to get paid for that content for months on end. After a while, you spend some more time to update the content and still get paid for it.
Launching your own membership site is also beneficial if you want to boost your authority in the industry and position yourself as a consultant or an expert as it allows you to build an entire community of a loyal audience base.
Come to think of it, with your membership site, you are killing two birds with one stone.
On one hand, you are getting paid perennially for the content that you put up once. And you are building your authority at the same time.
Do you know how many folks would love to be in your boots?
Countless of them!
However, if you relish the idea of building a membership site in the pursuit of passive income, then you have to first stop thinking of the monetary benefits.
Initially, just work on building an audience, choose a subject matter that you have knowledge of and something that is most likely to sell.
I’d suggest, instead of thinking of a broader domain, just think of something more niche.
For instance, don’t think of creating a membership site about Social media marketing.
Instead, try thinking of, “I will teach health and wellness consultant how to leverage social media marketing.”
The more you narrow down your subject matter, the easier will be for you to build a loyal member base.
Real Estate Crowdfunding is a new and interesting investment model.
If you have a considerable amount of savings and want to raise the stakes, then real estate crowdfunding might be the type of investment that you need to make.
It’s not me who is saying this, it’s the experts who carefully assessed the stats and current investment trends.
According to the CNBC Quarterly Investment Guide last year, having shares in real estate crowdfunding projects is among the best ways to have a hassle-free retirement.
Before I tell you about some of the best real estate crowdfunding platforms, I want to discuss the two options that you have when it comes to real estate crowdfunding.
Basically, you can invest in two different types of projects:
- Equity crowdfunding
- Debt crowdfunding
To break it down in simple terms, in equity crowdfunding, investors invest in a company trying to raise money. These investors then receive shares in the company in exchange.
Please note that in equity crowdfunding you are not loaning your money to the company, you are receiving shares in exchange of your investment with the hope to get a dividend out of the profits that the company makes. Or you are waiting for the company to reach greater heights so that you can then sell off your shares at a higher price.
While in Debt Crowdfunding also you invest in the company trying to raise funds, but here your end goal is to get a specified interest rate on the money that you loaned and within a fixed timeline.
Now, we will talk about some of the best real estate crowdfunding platforms so that you can earn a decent income online.
Fundrise allows you to invest your money as per your own accord — you are your own boss, of course. Invest according to your goals, expectations, and capabilities as you will get a wide array of real estate investment options at Fundrise.
Perks of investing with Fundrise:
- Fundrise offers 8.7 – 12.4% historical annual returns
- Helps you diversify your portfolio
- They have a low-fee approach which helps you maximize your returns
Other important details:
- Minimum Investment: $500
- Account Fees: 1%/year
- Investment Length: N/A
- Offering types: Debt, Equity, Preferred Equity
2. Realty Mogul
Realty Mogul was one of the first real estate crowdfunding platforms back in 2013. They are at the center of connecting the borrowers and sponsors to great investment and increased outcomes. The great thing about Realty Mogul is that they personally visit each listed property and works with the best in the industry.
Perks of investing with Really Mogul:
- Their dealings are highly transparent
- Rigorous screening ensures the best possible financial returns
- Offers well-leased properties
Other important details:
- Minimum Investment: $1000
- Account Fees: 0.30% – 0.50%/year
- Investment Length: 6 – 120/months
- Offering types: Debt, Equity, Preferred Equity
Equity Multiple claims to help you invest smartly in real estate with reduced risks. With Equity Multiple, you can invest in highly scrutinized and some of the most prominent real estate companies.
Perks of investing with Really Mogul:
- Offers low-risk target returns to investors
- Rigorous vetting to curate the best set of projects
Other important details:
- Minimum Investment: $5000
- Account Fees: 0.5% service charge plus 10% of all profits
- Investment Length: 12 – 120/months
- Offering types: Debt, Equity, Preferred Equity
Most of you might have heard of financial consultant. A trading expert. An investment guru.
But the term robo advisor is still not a household name.
That said, their impact on the financial advisory industry is growing fast.
Robo advisors are software products that can help you manage your finances and investments.
They are basically automated, financial advisors.
What is the reason behind the popularity of robo advisors? Well, robo advisors are most popular among the folks who can’t shell out a budget to hire a financial advisor or don’t want to either way.
These automated robotic advisors, with their smart technology, select an investment for you and then build a diversified portfolio.
If you don’t like to go through the hassle of hiring a financial advisor or lack funds to do so, then investing with robo advisors is the right option for you.
Here are the other reasons why you should invest in robo advisors:
- One of the greatest reason to invest with a robo investor is to avoid investing mistakes. It’s as simple as that: humans often tend to make decisions based on emotions, gut feelings or in the heat of the moment. On the other hand, robo advisors work pragmatically, and that’s the reason why you can avoid drastic mistakes while investing with them.
- Another reason is the hassle-free investment. You just have to open your account, and then the robo advisor will take care of everything for you. From making changes to your portfolio to placing trades, you don’t have to worry about these things anymore.
Investing in Betterment is extremely easy.
All you have to do is to choose the mix of bonds and stocks that you desire, your goals, and leave the rest to Betterment. Investing cannot get simpler than this.
Put simply, if you don’t want to dabble into the confusing avenue of the stock exchange or mutual bonds, then investing with Betterment is your best bet.
On top of that, their services will not cost you much either. Their digital plan is priced at 0.25 percent annually.
Acorns is one of the few robo advisors that target a younger demographic as well. With the minimum investment limit of as little as $5, it is one of the best options for inexperienced investors and for the investors who are a bit skeptical to invest their money with robo advisors.
Like Betterment, it is also blisteringly easy to use.
It will ask you simple questions like your investing goals, your comfort level with risk and an estimated time limit to achieve your goals. You just have to answer these questions, and then Acorns will help you as per your preferences.
Often overlooked in favor of its more famous counterparts like Betterment and Acorns, Wealthfront is more popular amid the middle-aged populace.
While it has all the capabilities of your regular robo advisor, what sets it apart from the roster is its low fees on accounts with low balances and its tax reduction for accounts with high balances.
Investment features are similar to other robo advisors. However, unlike Betterment, Wealthfront doesn’t shy away from talking about complex aspects of investments with its investors.
Are you worrying over stock market?
Do you feel like hitting your head against a brick wall when you see the lackluster interest rates?
If you answered yes to any of these questions, then peer-to-peer lending is what you are looking for.
As the name suggests, peer-to-peer lending is the financial system that allows you to lend money directly to the borrowers. There is no middleman in between. This means that peer-to-peer lending effectively cuts out stuffy banks and lending institutions.
Individual investors like yourself and borrowers meet online through a certain platform or a peer-to-peer company.
Although it is somewhat a new market and people have just recently started to invest using this medium, it is growing with a rapid speed. It shows no signs of slowing down either.
In fact, if statistics are anything to go by, the peer-to-peer lending industry could reach over $1000 Billion by 2025.
Yes, that’s a whopping $1,000 Billion. With a capital B.
Getting started investing with peer-to-peer lending is quite simple. It’s no rocket science, really!
Just follow through with these quick steps:
- Choose an appropriate peer-to-peer lending platform.
- Open an account
- Deposit your funds
- Begin to peruse through the list of borrowers.
You don’t have to invest in millions. Not even thousands. In fact, with some websites, you can invest as little as $25, which completely varies by peer-to-peer lending website.
Now the next step is to review the profiles of potential borrowers to select the one you are going to lend your money to.
Each borrower profile includes:
- Interest rate
- Reason for the loan
- Term of the loan
- The risk assessment of the loan
You have to be careful while selecting the potential borrower to lend your money so that your expectations can align with the borrower’s profile.
Also, depending on the type of investment you make, you can make as high as 12% per year or more. That said, these are riskier loans, and if you want to play it safe, you can still make up to 2-5% per year.
Prosper claims to offer you investment options that are specially tailored to suit your preferences. This peer-to-peer lending platform also allows you to diversify your portfolio further beyond stocks and bonds.
Other prominent features include:
- High returns – historical returns of over 5.3% on average
- Has a wide array of credit-worthy borrowers
- Offers auto invest tools to automatically build your target portfolio based on your mentioned requirements
- Deposits monthly income directly into your bank account
2. Lending Club
Lending Club is one of the most reputed peer-to-peer investing platforms. In 2014, it became the first peer-to-peer lending website to go online, and since then they have loaned over $44 billion.
The Lending Club gives you the option of opening joint, trust, corporate, and Custodial/minor accounts.
Key features include:
- Competitive Returns – Investors can earn high returns of over 3–8% per year.
- Offers automated investment option for a hassle-free experience
- Investors can get started with as little as $1,000.
- Stellar past record – they have overseen positive returns for over 99% of portfolios
At Funding Circle, you can directly lend funds to small British business and can earn decent interest amount while doing it. You continue to get attractive returns each month as the borrowers pay your back.
Funding circle has two types of accounts, ISA and Classic. Although both of the accounts have nearly the same capabilities, the ISA account is completely tax-free.
It has some great features, such as:
- High returns go about of 5.5 – 6.5% per year
- You can earn tax-free returns on their ISA programme
- Simple to navigate at every step
Data is the next big thing. In fact, it’s the current big thing.
Just name any of the behemoth companies, you will realize that all of them function on data and how to use it to generate more revenue.
If you want to get started, you don’t even have to open up a giant enterprise to leverage data. You can grow from strength to strength, start solo by opening up a data mining and Artificial Intelligence firm of your own.
Given that you have the right skill set, employers would have no qualms about paying big bucks for your data mining services.
Two most prominent areas where you can capitalize on your data mining and artificial intelligence services are:
1. Data is collected and then mined to make it clutter-free. Once mined and segmented, the data is then analyzed to discern the anomalies in the product or for optimization of the products, which are then offered to the customers. This automatically leads to increased sales and more productivity.
2. Data Mining and Artificial Intelligence are also used to identify bottlenecks or deadlocks in the internal processes of product development. This is also used to increase productivity and sales.
Basically, your data mining skills are at the center of more productivity and sales.
Once you open your data mining and artificial intelligence firm, you can bring a lot to the table. Focus on injecting new energy to the lackluster sales and marketing processes that many companies are implementing to this day.
Here’s what Martin Lindstrom, author of the book ‘Small Data,’ says,
“Small data is the foundation for breakthrough ideas or completely new ways to turnaround brands.”
Also, have a look at the instances when data led to great ideas, including millennials’ favorite Snapchat.
I believe that many professionals have a habit of latching onto specific things while overlooking some of the most important ones.
For instance, some of them immediately start off with selling and capitalizing on the data.
But this is not the way to go about. I’d say, “start simple.
Over the last two years alone 90 percent of the data ever created was newly generated.
However, despite this abundance, only 19% of companies are mining high-quality data.
You can inspire and educate people on the importance of data mining and help company executives in better tactical decision making.
One cannot market your product without identifying their target audience. And similarly, one cannot identify the target audience correctly without data mining.
Here you can provide your services in two ways: either sell them mined data directly or optimize the existing data that the companies have.
Analyze customer behavior to see market trends and help people garner better ROI by providing smart insights.
By offering merchandise planning, you can help not only e-commerce stores but also the brick and mortar stores.
Say, for instance, a brand is looking to open another store, they would need your help to evaluate the amount of merchandise they might require. It would be your job to predict market trends using data forecasting and then plan an exact layout.
You can help out businesses in four areas with your data merchandising services:
- Keeping inventory up-to-date
- Helping out in determining the products that the customers would require
- Balancing the stock
- Appropriate pricing model
The more data companies collect, the more value they can offer to their customers which eventually leads to more revenue.
And this is where you will come in.
Plenty of businesses are on the lookout for a credible data scientist, and they are ready to pay big bucks for your services.
It seems that everyone on the internet is lurking around in the quest of finding their target audience and bombard them with ads.
It can be super annoying…but not when the tables are turned.
We don’t mind ads so much when we are the ones benefiting from them, do we?
And advertising doesn’t always have to be annoying if done correctly.
If you have a blog of your own, have put in the hard work, and want to make a little extra (or a lot extra), you should place ads on your site.
1. You have to be a well-known figure in your industry.
2. Your site is seeing a decent amount of traffic.
3. You should have a niche audience base that is loyal to your blog or brand.
Suppose you qualify all the aforementioned constraints.
Now the next question is…
Well, there are two ways to go about selling ads on your blog.
You can either do it on your own or use third-party services to do the hard part for you.
I’d say, go for the latter option especially if you are new to this idea.
Make it easier on yourself and let these third parties manage the ads on your blog.
These services automatically display and manage your ads for you hence saving plenty of your time.
BuySellAds is a huge advertising marketplace where prominent website owners list their ads for others to buy. There’s a catch, however. If your blog doesn’t meet their high-traffic requisites, then they are likely to reject it. Thus it is better to first gain some decent traction before applying to BuySellAds.
On the upside, BuySellAds gives 75% of the total income to its users — which is quite a great percentage. You can also choose to withdraw your money twice in a month.
BlogAds is pretty much similar to BuySellAds. The only difference is that they give 70% not 75% of the total income to its users. To withdraw your funds to PayPal, you need to have a minimum of $75 in your BlogAds account, and for Check or Wire Transfer, you should have at least $750.
OIO Publisher seems like your regular ad service at first.
But this platform has a feature that many others lack:
That is, you get to keep 100% of the revenue generated.
You will only need to pay $47 in the beginning, and the rest will be covered by OIO Publisher free of cost.
Apart from this, the platform offers automation and gives you plenty of exposure in the marketplace.
When someone says I want to make online in 2019, they seldom think of buying and selling domain names.
That said, it can still be a pretty lucrative option.
However, if you think that you will earn real money without much commitment, then you have another thing coming.
While buying and selling domain names can earn you a decent side income, you still can’t depend on it solely.
But I won’t rule its profitability out just yet. Because some folks have garnered massive profits by selling domain names…sometimes even millions.
Here’s the list of some of the highest prices paid for domain names.
And the list doesn’t even end here.
The reason why I am showing this list is to give you an idea that sometimes it can indeed prove to be extremely profitable…so much so that you can set for a lifetime.
Profitability depends on two major things:
- Owning a good quality domain
- The way you promote your domain
Have a look at the amount people are paying to buy quality domain names:
As I mentioned, it all comes down to the quality of the domain name and the rest depends on how you promote it.
Apart from the aforementioned, there are some other tips that should be taken into account if you want to make money with buying and selling domain names.
Initially, don’t focus on selling the domain name to the highest income buyer.
Before you jump at me, hear me out.
I have witnessed that some folks get super excited when they are a novice in this business. This leads them to buy the domain names keeping rich buyers in mind.
For instance, if you flock to buy domain names related to healthcare firms because you think that doctors are generally rich, then you are heading for a disaster.
For one, without any knowledge in this niche, you wouldn’t know who to target and how to promote your domain name. Therefore, it’s imperative to select your target audience and domain names based on the industry you are most aware of…and something that has a high demand in the market.
There are no two ways about the importance of keywords.
That’s why it shouldn’t surprise you when I suggest you to find domain names with the hot keywords that your target audience is likely to be most interested in.
Identifying the right keywords for your targeted subject matter is quite simple.
Just head to Google Keyword Planner. Don’t worry, you don’t have to pay a single dime for it.
With Google Keyword Planner, you can easily find out the key phrases that your target audience is searching for.
There are plenty of options available if you purchase inexpensive domain names. You can either participate in online auctions, register for a new domain or buy directly from web hosting platforms.
Here’re some top platforms to buy a quality domain name:
Congratulations are in order, it seems. You have purchased a great domain name….well, I hope you have.
Now you are ready to make some quick cash selling it at a higher rate.
Now you have to start looking for buyers.
Searching for a direct buyer isn’t an easy task… therefore I have curated a list of popular sites where you can sell your domain with great profits.
Some of the most popular YouTuber stars have become millionaires and found instant fame.
FAME. AND. MONEY.
What else does one want in life?
And you work on your own terms. Sounds like a paradise, to be honest.
1. First, you can monetize your YouTube channel
2. You can also direct your viewers to your already monetized website
Now comes the hardest part…
How do you get viral on YouTube? Is there a secret to getting instant fame?
Virality is a hard process to predict – the focus should be making consistent, quality videos – and the rest will follow.
However, making quality videos is not nearly enough. Especially now that the competition on YouTube has skyrocketed.
According to statistics, 400 hours of video are uploaded to YouTube every minute.
That’s some huge competition.
But on a positive note, the number of YouTube stars earning six figures has increased by 50% year on year.
So, in the end, all the efforts you would put in will be worth it.
Have a look at some great example of how you can tweak your titles to get maximum attention.
The first example is of Business Insider. They sure know how to get attention.
See how TMZ Sports follows the similar pattern:
Are you not getting the follower count you’re looking for?
Use YouTube marketing tools, then try to collaborate with YouTube stars in your niche and ride on their coattails.
You can offer them some incentives so that they will feature you on their channel.
Sticking to a schedule is important because your followers and audience should know exactly when to expect your video.
Success on YouTube comes with time, practice, and perseverance.
You won’t become a YouTube star overnight, but don’t lose hope. Just follow through these tips, one day you might be rolling in all that cash from YouTube.
So get out there and shoot awesome videos.
Do you plan to launch the next big thing after product or SaaS company?
What is stopping you?
For those of you who are unaware of what Kickstarter is, here is a quick look at what they do (in their own words).
It is basically a funding platform where creators can garner an audience for a creative project they are working on. And then the community on Kickstarter funds these projects to get them started. All in all, the platform is entirely driven by crowdfunding.
However, please note that getting your project approved on Kickstarter is not a sure thing. About 25 percent of projects get rejected on an average each year.
You can go through their guidelines to make sure that your project doesn’t get rejected.
Till date, Kickstarter has helped fund over a 1000 projects, from documentary films to medium-sized ventures, all sorts of projects have been funded on the platform.
However, Kickstarter doesn’t offer long term investment. It is just a platform where folks with creative ideas look for initial funding. In return, they offer small incentives in the form of a book or an autograph of a rock star, and so forth.
You also have to set your funding goals on Kickstarter. For instance, you set a goal of collecting $2,000 within a month’s time. If you fail to raise this amount within the set time-frame, then your project will get no donations.
However, don’t consider Kickstarter as a “get rich quick” platform, it will only help you kickstart your business without incurring debt.
If you made it this far, I want to reward you with the true magic formula to making money online – starting your blog the right way and selling consulting to high-end B2B clients.
What you’ll notice about this list is that there are an endless amount of tactics you can choose from – with some ideas making more money than others. The truth is, passive income is a myth – you always need to grind, hustle, and work hours to make real life-changing money.
To my annoyance, most high-ranking articles from successful bloggers about “making money online” feature ideas like online surveys, banner ads, being a virtual assistant, secret shopping, or opening a cash-back credit card (so the blogger can make money off the back of gullible readers signing up for credit cards they don’t need).
But how much money will this really bring? $5? $10? $200/month? That’s not enough to make any material impact.
And I’m getting sick of this old, lazy advice.
If you work full-time job like I do, you need to maximize your side income as quickly as possible by scaling your processes and acting like a business owner, not a blogger.
Here’s the truth:
95% of bloggers are failing because they’re following outdated, harmful blogging advice – only written to rank on Google and to pay the same influencers who’ve been saying the same things for the last five years.
What if you’re just starting out and want to make money in 2019?
What if you want to start making $10,000/month within 90 days, not 3 years?
If you really want to make life-changing money online, solely focusing on starting a website, getting blog traffic, and monetizing your site with affiliate marketing, ads, and online courses is a long and grueling process.
Ask yourself: Can I write content for 3 years and put in hundreds of hours of work before making enough money to see any material impact in my bank account?
It doesn’t have to be this hard. And that’s why I created my blog in the first place.
It’s actually really simple – when you first start your side income journey, you don’t have much traffic or visibility.
You need to start with B2B consulting and start selling to businesses, not people. They have more money – your $200 online course to an individual can quickly become a $5,000 consulting deal to a business.
There are three primary success pillars of this new blogging formula to make money in 2019:
- By choosing your blog’s niche based on audience budget potential, professional leverage, and market demand, you 200x your blog’s income potential.
- By not writing so damn much and outsourcing certain aspects of your content and SEO (for free), you 200x your backlink acquisition and Domain Authority (DA) at scale.
- Finally, by using the right high-end blog monetization strategies at the right point in your blog’s lifecycle, you 200x your revenue – and only need to close 3-4 high-end clients, not hundreds of affiliate sales.
You speed up your process exponentially and make thousands of dollars with less traffic. If this sounds interesting to you, check out my full guide on the best strategy to make money blogging and my in-depth guest blogging experiment from January 2019.
The first step is to start a WordPress website with Bluehost.
Now you know over 21 future ways to make money online in 2019 and beyond. You can start earning money with affiliate marketing, selling physical or digital products, or renting out your own belongings. Sharing knowledge, making videos, writing, and coding an app are more great options for raking in the dough and generating sales. You can even build your own company with help of a virtual assistant or grow wealth through investments.
Of course, for the greatest success, you need to provide value and stay on the cutting edge in this on-demand economy. Figuring out your unique selling point and learning how to market the value of your skills makes all the difference between part-time income and millions of dollars.
Which future method will you choose?