When the dot-com bubble burst, there was a lot of cynicism about the fate and future of the internet. However, almost two decades after the burst, the internet is still here and has become an integral part of our lives. Individuals and businesses cannot do without an online presence.
The internet affords businesses and brands an opportunity to reach a wider market and audience, thus making it easier to make money. Another advantage of the internet is that many of the industries housed on the internet are not yet saturated, thus one can still grab a huge chunk of the market share.
If you have never thought about making money online, it is imperative you begin to think in that direction. Here is a guide of five ways you can make money online.
You may not have a product or service you are selling, but you can assist others to market their products and get paid for it. As an affiliate marketer, you are rewarded for driving traffic and sales to a business. Basically, the online retailer pays you a commission for the traffic and sales generated through your referrals.
Bo Bennet said: “Affiliate marketing has made businesses millions and ordinary people millionaires.” Bennet’s statement is not a myth, it is a fact. It is reported that 35% of affiliate marketers earn over $20,000 annually. One affiliate marketer, Jason Stone, made $7 million in affiliate marketing revenue in a single year.
While many are still sceptical about investing in digital currencies, the truth remains that cryptocurrency is a goldmine. One may complain about its risk and volatility, but the question is this: Is there an investment that isn’t risky? One key advantage of investing in cryptocurrency is that you have a range of investment options.
You can make money by simply buying bitcoin at a low price, wait till the value increases, and then sell. You can also make money as a middleman connecting crypto buyers to sellers. Or you can decide to trade bitcoin and altcoins on different cryptocurrency exchanges. If you decide to go for the third option, you’d notice that cryptocurrency trading offers many trading pairs, unlike forex. There are many altcoins in the cryptocurrency space, and these altcoins can be traded for bitcoin, which could then be traded or exchanged for dollars.
Bitcoin, the first cryptocurrency, was introduced just 11 years ago. The crypto industry, when compared to other industries, is still a growing one. For instance, the market cap of forex is around $5.1 trillion, while that of cryptocurrency is $237.1 billion. This information shows why you should invest in cryptocurrency: it is still a budding industry, one not yet saturated, one filled with lots of opportunities to tap into.
Purchasing a ready-made online store
Imagine Warren Buffet reaches out to you and tells you that his businesses are yours. All revenue that comes from them is totally in your care. That’s easy money, right? You didn’t spend years like Buffet building the businesses from scratch. All the work has been done for you, and you are only required to take charge.
Now let’s snap back to reality. Warren Buffet won’t reach out and hand over his businesses to you, however, there are many developed and successful online stores that are available for sale. These stores have been grown from scratch, invested in, marketed to the public, and have become popular and successful. All that is left for you is to purchase and take managerial control.
As long as we live, words will always be important. Words are used for communication, persuasion, praise, criticism, marketing, etc. The power inherent in words cannot be overemphasized. However, not everyone knows how to use words effectively to market themselves or their businesses, thus they seek people who know how to.
You can develop your writing skill and earn money from it. Many individuals and businesses use platforms like Upwork, Fiverr and PeoplePerHour to search for content writers, copywriters, technical writers, ghostwriters, screenwriters, and so on to assist them with their books, blogs, or ad copies.
Writing also offers you different options. There are many writing niches you could choose from. If you are good with the art of persuasion, you could be a copywriter. If you know how to craft educational, engaging content, you could become a blog writer. You could also decide to focus on ghostwriting books for others. It is your call.
Writers are highly sought-after. So if you know you are a talented writer, hone your skill and put yourself out there. For those that lack writing skills, the good news is that the skill can be learned. There are online education platforms where you can get paid and premium writing courses.
There are about 1.58 billion active websites in the world, and this number will keep increasing as long as new brands keep sprouting up. Brands and businesses need an online presence. And this means that you can always make money as a web designer. As long as you know your onions, you will be required to create and maintain the websites of many companies. Web designing is an encompassing skill that houses other skills like web graphic design, UI/UX, web development, authoring, and search engine optimization.
As long as you know what to do, you can leverage the internet to earn a passive or active income. The financial opportunities available on the internet are not limited to the five above. There are more. But what this post has done is to show you different places you can start from. Do not waste any more time. Start making money online. The world isn’t waiting for you.