20 Best Ways to Make Money Online
In the context of intensive digitization, more and more people are looking for easy ways to make money online. The secret lies in many factors, such as the dedication of the person interested in earning money online, the method used, the time invested, but also the potential for hourly, daily, weekly or monthly gains.
The Most Trusted Ways to Make Money Online
First of all, to make money online, you must make a commitment and create goals. If you want to work from home independently, you need to have the right mindset. To make money on the Internet, there are a few learning curves that you got to pass through as this will not happen unless you learn and work in a coherent way.
In order to earn money on the net, you have to take work like any other occupation that generates viable income, but at the same time you have to keep in mind that it is not hard to learn how to do it. It is entirely feasible and achievable for a person who is willing to strive.
You can earn an income and work from home permanently, but the key here is willingness and patience. If you are willing to put time and effort into your business, there are many ways in which you can take advantage and use to make money online from home. There are many ways that can provide enough money for you to make a living. So without further delay, let’s check out this huge list of methods to make money online.
1. Binary Options, Currency Exchange and Forex Trading
This option has the highest score, with potential earnings (per hour) being around 50 dollars. The term binary option signifies the existence of two possible outcomes. Unlike trading on the stock exchange, trading binary option refers to the value of an asset and its ascending or descending evolution over a specified period. Of all the ways to make money online, it manages to generate very high incomes in a very short period of time.
When coming to Forex, which stands for Foreign (Currency) Exchange, there are two options withstanding — Currency Exchange and Forex Trading. For the currency exchange business, you will have to start with a budget of at least $1000. This has surely the lowest risks as the prices of top currencies in the world don’t fluctuate much. You can earn not only by lending others local currencies at a charge but also by just keeping the money. For example, I had $1100 in 2017, which was valued to $1490 (when converted to INR) in 2021 due to the Indian rupee’s depreciation. Always invest in Euros, Pounds or Dollars and avoid smaller currencies.
All the world’s currencies are traded wing pairs with the other currencies. Forex has the largest financial market in the world. The New York Stock Exchange (NYSE) is the stock market with a market cap of US$22.9 trillion. Forex trading is typically done through a broker market. You can make money as a currency trader, this is not very difficult, but one must first learn about it.
Here are some fantastic guides to help you get started:
- How can you make money with Forex (Baby Guide)?
- What is the best time to buy a stock and then sell for a profit?
There is much to learn, but you can certainly make money with Forex.
2. Paid online surveys
Low difficulty, medium level engagement as time invested and average potential earnings (compared to other online money making methods) – these are the features of online cash making way by participating in paid surveys.
Even if some may be reluctant to have these earnings valid, or do not trust the providers of the studies, they can reach average gains of 10 dollars/hour. The reluctance mentioned above is due to companies that offer paid opinion polls. These companies are very different, and unknowing users can lose their time on random sites.
To avoid this shortcoming, some platforms also offer a list of the best sites that offer paid surveys, ordered by ease of completion, the frequency of questionnaires and the amounts paid after completing them.
Search for these on Google to get started with paid online surveys.
- Global Test Market
- Vindale Research
3. Affiliate marketing
This way to make money online has become very popular as it is a win-win opportunity for online users, also bringing benefits to companies that manage to attract more customers through affiliate marketing. The difficulty of this method is higher than those above, and commitment to time and potential earnings are at the medium. In case of proper amazon affiliate marketing, the potential hourly gain is estimated at 2 dollars.
However, some people manage to earn over $5,000 a month from affiliate marketing or others who have won hundreds of thousands of dollars using this method of making money online. More details about affiliate marketing as a winning strategy are provided here.
In this case, the potential payment per hour is relatively low – 1 dollar, and the commitment as time and difficulty is quite high. The method involves signing up for YouTube as a partner or getting a sponsored button, followed by video creation. But consistency is the key. The principle is simple: these videos can start generating money if they get a good number of views.
I am writing a new article on how to make money on YouTube. Be sure to subscribe to the newsletter to get alerted when that comes live.
Although the joke circulates that to make money on Facebook – you’ll have to not use it at all and start working with a real job; the real situation says something else. You can earn on Facebook, although for some potential earnings of 1 dollar per hour may seem quite low. The commitment as invested time is quite high, but the degree of difficulty is lower than with other methods. The principle is also a simple one, you must have a Facebook page with a good followership. You get paid based on the number of ads and banners that you post on the Facebook page.
6. Selling Photos Online
If you like photography or have taken up photography as your profession who can click picturesque photos, there are many sites where you can upload your images and get paid every time someone downloads an image of yours. The good thing is that a photo can be sold many times, over and over again. They may realize that the potential for developing this business is large. If you have about 50 photographs ever going interesting and adding more, this can become a good entry for extra money or supplement to another program to earn more money.
Sounds easy, right? However, your images must compete with tens of thousands of high-quality pictures out there hence so you should strive to do good work and own a decent photography camera.
You can sell your photos at Alamy.com, Fotolia.com, 123RF.com and Shutterstock.com
There are quite a few ways using which you can make money using Twitter. You can expect decent pay in case if you have a huge number of followers for your account and if you have good micro-blogging knowledge, i.e., the ability to brief people about something within 280 characters or so, because you will find brands or corporations that pay people to review their products or post a sponsored tweet.
8. Creating and Selling Ebooks
If you want to become an author in order to make money, but do not have the time or the capital to do so, then selling eBooks and other digital content (which is technically called copyright resale) is a good alternative. You need to invest money to get the book published and even distribute it to the public.
eBooks are viable alternatives with no hassles. Whether you are a frustrated writer and no publisher wants to publish a work, write, convert to PDF, Epub or Kindle, and sell it online using Instamojo, Gumroad or Amazon Kindle.
9. Domain Reselling
Buying domains and reselling them is a lucrative business. Domains are considered the Internet’s real estate because they work the same way as when you buy a property. It is all about auctioning, the buyer who quotes the highest price is the one who is benefited. The buying and selling of domains work the same way.
Some people are willing to pay good money for the domains they want to purchase. These transactions occur daily and very good places to carry them out are Flippa, sedo.com and GoDaddy Auctions. You can buy domains that sound professional and sell them for higher rates. But this is one aspect of online monetization when you need to invest in the initial stages.
The same can be implemented with websites also. People build websites or blogs, work on them for a while and then put it up for sale.
10. Reading Emails
As the title suggests, you get paid for reading emails as well. Receive daily emails with links to different websites, you have to click and view the ad for a few seconds. This is not a viable technique as the money that you would be making using this procedure is too little.
Here are some sites that offer this:
- Paid To Read Email® – Earn Cash for Reading Paid Emails
- Get Paid Cash to Read Emails – $5 Signup Bonus – InboxDollars
11. Earn by Browsing the Web
There are plenty of sites where you can register for free and get paid to surf and click on the ads. However, you should also proceed with caution as some websites are designed only for ripping people off.
You have to make sure you register with known and trusted sites. But the margin for profit is way too low.
12. Sharing Files Online
There are hundreds of websites out there where you can share files be it videos, music files, documents, images and documents. You just have to upload the files to these websites, and every time someone makes a download, you get paid for it. The files can be in almost any format.
13. Reviewing Products
Many companies pay you for posting a review of their product be it an application or any gadget. This helps them spread the word about their product and also you get decent pay. You can also choose to review affiliate products; whenever someone buys that product with your link, you get a commission. You could consider posting the review on other forums / blogs or can even create your own review blog.
14. Becoming a Virtual Assistant
As more and more traditional companies are going online to expand their network, they are in need of virtual assistants for research work, finding stuff, doing tasks, making phone calls or software installation, etc. You can apply for the same if you feel you are ideal for this work.
15. Amazon Mechanical Turk
You can perform simple tasks on Amazon Mechanical Turk in exchange for a small payment. For example, you can complete a multiple-choice survey of $0.10 or you may be asked to write a product review for $1.50. The majority of the tasks available through Mechanical Turk are simple and can be completed quickly.
16. Posting to Forums
People starting a new forum often pay visitors to visit the forum more often to keep the forum engaged by participating in discussions and debates. In order to keep the forum filled with activities, more people are invited to join the discussion for attractive fees. Many forums will pay about $0.30 per message/thread post based on the number of words and the activity on that particular post.
17. Translating Documents
If you are a fluent speaker in more than one language (i.e., a second language), then you can take up the work of translating documents online and offline, and receive money for it? Free classified sites are the best way to advertise your services.
You can find plenty of work as a translator of texts. They provide you a text, you write the translation and they give you money.
18. Using Fiverr
On fiverr.com you can make money doing almost anything you can imagine, starting at $5. Simply register for free and put up your offer for your services. Be it singing or recording a video for a ceremony or completing someone’s assignment or teaching someone a Spanish phrase or showing them how to make a fan page on Facebook — people are willing to pay for doing almost all things on Fiverr.
You will be surprised how easy it is to make money on Fiverr with things you could never imagine that someone pays for it.
19. Comment Backlinking
In order to get a better ranking and drive more visitors to the blog, bloggers and digital marketing agencies need quality links pointing to their blogs and websites from other blogs. You can charge by commenting on other “dofollow” blogs and charge between $0.50 and $1.00 per each link.
20. Cost Per Action Advertising
CPA [Cost Per Action] is a much easier version of affiliate marketing and most of the time you do not have to sell anything. Just drive people to advertisers’ sites. For example, some advertisers will pay up to $10 every time you send a potential customer to visit the sites, provided that the person provides his email address or a postal code in order to enter a lucky draw to win something. To be accepted by CPA networks, you have to own a website or blog.
21. Online Teaching
Online learning is on boom. There is great demand for online tutors for a variety topics. You can register with companies that focus on providing educative videos to students. The online tutoring service is a high demand and also theirs is steady growth. If you enjoy helping others to learn, with this could make some extra money. You would have to set aside a few hours a week so become a stable part-time tutor.
Extensive or not, using either of these methods, you can achieve significant and massive gains. It all depends on the dedication and involvement of the user, even on those methods that do not involve a considerable effort, and which then generate passive income. Otherwise, there are many mirages about fast internet enrichment, but they are just mirages. You have to be open to many possibilities in order to get the most of your online presence. However, online business remains one of the most comfortable ways of generating an income in the long term.