Given the current circumstances of the Covid-19 pandemic, making money online is a good way to ensure the security of your financial future. Fortunately, there is a myriad of ways to make money online. Let’s explore some of these possibilities.
No website would exist on the internet without web hosting. This is why offering web hosting services is a great way to earn money.
A good way to start a web hosting business is through reseller hosting. Reseller hosting involves selling white-labeled hosting services to clients under your own brand name. This is ideal because you can get into the hosting business without investing in expensive resources for managing servers and hosting infrastructure.
To make this work, you’ll need to buy a hosting service from a hosting provider. Most hosting providers have wholesale plans. Once you’re in possession of hosting service, you’ll need to configure and divide up the hosting space so you can sublease to others.
Affiliate marketing is a way to earn money by promoting the products and services of various brands. Essentially, every time someone buys something because you recommended it, you earn a commission.
To make affiliate marketing work, you will need an audience. Ideally, it should be a reasonably big audience because of the bigger your audience, the larger your potential revenue. Furthermore, most brands will only work with you if you can show that you already have a dedicated following. You can build an audience through your social media presence or through a blog. This audience should feel like they can trust your opinion and advice, so you should only agree to promote things you believe in. Therefore, you will need to post useful, educational, or entertaining content regularly, in addition to promotional content.
If you have an area of expertise, you can make money by sharing your knowledge. This is most easily done by creating an online course. There are several websites that you can use to sell your course, or you can build your own website and sell your course from there.
The best way to get started is to watch other courses on the topic you intend to teach. You should note the aspects of the course that people respond to and what parts that people dislike. This will help you to create something better that can compete against the other courses out there.
If you choose to use a platform like Udemy, or our school, you won’t have to do a lot to promote your course. However, if you decide to run the course from your own site, you will need to take care of your own promotion. This means advertising what you’re teaching on search engines, social media, or through traditional means like handing out flyers.
Ecommerce stores are growing in popularity, especially since so many brick-and-mortar retailers have closed due to the pandemic. However, eCommerce stores require inventory which can be expensive. Therefore, a good alternative to hosting your own inventory is dropshipping. Dropshipping allows you to sell a product to a customer, but rather than hosting the product yourself, your supplier is the one who stores, packages, and ships the product to your customer on your behalf. In other words, you do the selling, and your supplier does everything else.
For example, your customer places an order for $200. You send the order along to your supplier and pay them $150. Your supplier ships the product to your customer, and you walk away with a $50 profit.
Since you’re not paying to store inventory, you make a pure profit that you can roll into your eCommerce site’s production and marketing.
If you’ve got something to say or a story to tell, you can make money by publishing an ebook. All you have to do is write a book, format it, create a cover, publish it and then promote it. You can even choose people to write, format, and design the cover of your ebook. Then, all you have to worry about is marketing.
There are numerous ways to market your ebook. You can try giving away your ebook for free for several days to increase your ranking in search results and get some reviews. You can list it on Amazon, and you can promote it through social media.
The Covid-19 pandemic has shuttered a lot of businesses, but the internet continues to thrive. Therefore if you need to make some money, doing so online is a smart choice to make. We have listed a few ideas here, but there are many more out there. A good place to start is to consider what you’re passionate about and then see whether you can make money from said passion. After all, if you love what you do, it won’t feel like work at all.