Making Money

10 Ways To Make Money Online With A Side Hustle

November 6, 2018


10 Ways To Make Money Online With A Side Hustle

Do you have a side hustle? There’s a new online economy emerging – one where you can have multiple revenue streams working remotely and on flex time. There are an increasing number of opportunities to monetize your time, your attention, your expertise and your interests if you know where to look. Here are a few examples.

1. Affiliate Marketing

If you enjoy blogging and have a niche interest, affiliate marketing is a great way to monetize the knowledge you have developed about your hobbies and interests. Affiliate marketing is quite simply ‘selling other people’s stuff.’ It’s all about building an audience and then referring people to products sold by another website. When you set up an agreement with a merchant, they’ll give you unique link to use to direct your readers to their site, and that will ensure you earn your commission.

The list of products suited to affiliate marketing is endless. Common product categories include books, digital products like music, movies and eBooks, consumer products, electronics and subscriptions. Popular affiliate programs are run by Amazon Associates and Clickbank.

Affiliate marketing is all about building an audience and positioning yourself as an authority on a specific subject. Whatever you know best is the first niche you should focus on. Whether you are into stamp collecting, surfing or video games, there are people around the world looking for advice from people who know more than them.

2. Writing eBooks

You aren’t limited to selling other people’s books – you can also sell your own. The introduction of eBooks, tablet computers, and Kindles has democratized the publishing industry. In the past, very few people managed to get their books published by publishing houses, and self-publishing a book was an expensive undertaking. Now, producing an eBook is incredibly easy.

eBooks are typically shorter than paperbacks and are sold at more affordable prices. If you can write a book that covers a unique subject for your audience, selling a thousand or so copies for a few dollars each isn’t that difficult!

If you write a blog, you’ll already have the content you need – it’s just a matter of putting it together using one of several software packages designed for creating eBooks. Flip Builder has a free eBook creator. Or if you want higher end options, take a look at Vellum or Atavist.

3. Become an Influencer

If you can build an audience within a unique niche, become an influencer. Rather than selling products, companies will sponsor you to mention their products and services, especially on social media platforms like Instagram, Facebook and Twitter.

These days companies are desperate for authenticity. Rather than using generic ad campaigns, companies would rather promote from within their target market to spread the word about new products and services. Nearly all the top brands in the world now pay influencers to promote their products.

Influencers can make a lot of money, depending on the products they promote, how influential they are, and the number of followers they have.

In many cases, as little as 5,000 followers is enough to get started, with meaningful income coming over 20,000 followers. To find out more, have a look at two of the top influencer agencies, HireInfluence and Viral Nation.

4. Making videos

YouTube is one of the most successful products of the last two decades. It turns out the world loves watching short videos made by all sorts of people. Nowadays 1.3 billion people watch over 5 billion YouTube videos a day. YouTube earns over $4 billion a year from ad revenue and shares a chunk with content creators.

If you like being in front of the camera or making and editing videos you should think about starting a YouTube channel. Like affiliate marketing and becoming an influencer, you need a niche that will have an audience and that you know something about. Whether it’s fishing, cooking or one of the many other subjects you could make videos about, it helps to bring a unique angle to the subject too.

You can start earning revenue from a YouTube channel when you have 1,000 subscribers and your videos have been watched for 4,000 hours. However, it’s commonly believed that you really need a minimum of 10,000 subscribers to make real money. Find out more here.

Earning a cut of the ad revenue is not the only way to monetize your content. Lots of popular YouTube channels are sponsored by patrons via Patreon. Some viewers who really love your videos will be happy to pay a few dollars a months to keep them coming.

5. Consuming content

We now live in the attention economy, and an increasing number of companies are prepared to pay people for their attention. One of the ways they do this is by paying people to preview TV shows and commercials.

Sites like Swagbucks and allow you to earn points for watching TV shows, trailers, and commercials. Points can then be exchanged for cash or gift cards. Paid2YouTube allows content creators to pay other viewers to watch and share their videos.

6. Receiving Emails

That’s right – you can get paid to receive emails. BitBounce is an email spam solution that helps you manage your inbox while also earning money in the process.

With BitBounce, only emails from people on your contact list will go into your inbox. Anyone else sending you a message will have to either verify they know you or pay to have their message delivered to your inbox. You get to set the price, so you can decide how much your attention is worth.

And better yet, with BitBounce Ads, advertisers automatically pay BitBounce users to receive marketing emails. Whether or not you read them is up to you; you’ll get paid either way.

7. Filling out surveys

There are a handful of websites that will pay you to fill out surveys. Swagbucks, mentioned above is a popular option for paid surveys, as well as Prize Rebel and My Survey.

Most of these sites allow you to earn points which can then be redeemed for cash, vouchers and gift cards. You’ll be filling out surveys on a wide range of topics from retail brands, to TV shows and movies, to political opinions.

These sites can get very busy and sometimes they suspend new signups. It’s best to signup to quite a few and see what they offer you. The ones that have suspended new sign-ups are often the best, so keep going back to see if you can register.

8. Freelancing

The freelance economy is growing rapidly with more and more companies of all sizes turning to freelancers to build a more flexible workforce. The beauty of this trend is that you can use any free time you have to earn money from your skills.

Whether you can write, build websites, design logos and infographics or write code, you will be able to find work. The most popular sites to find freelance work are Upwork and Fivver. There are also several niche sites that serve very narrow industries, so there might be one focused on your skill set.

Freelancing is also a great way to start a new career. You can pick up new skills with each new job you take on, and quickly increase your hourly rate. Start out part time and once you have an idea of what you can earn and how much work you can get you’ll be able to quit your day job.

9. Become a Virtual Assistant

Are you an organized person? A lot of busy people and entrepreneurs are taking on virtual assistants (or VAs) to help keep their lives, and both business and personal, organized.

Entrepreneurs use VA’s for a wide range of tasks from managing calendars, inboxes, social media pages, to managing email campaigns and ecommerce stores.

All you need is an organized mind, a decent computer and a reliable internet connection. Upwork lists hundreds of jobs for virtual assistants, or you can try Timeetc or Assistant Match which specialize in the VA space.

10. Online Coaching

If you have unique domain knowledge you could carve out a niche as a virtual coach. People turn to virtual coaches to help them manage their businesses, finances and investments, learn to write well, build stronger personal and professional relationships and achieve career goals. They also use virtual coaches to help them achieve health and fitness goals or learn new skills like painting or golf.

If you are really good at something, there’s a good chance that there are people you can help and get paid to do so.

Modern communication tools mean a coach and their client can communicate very effectively online, which saves time and money. Coaching is just another way to monetize skills you already have. For many people coaching is an extension of the business they have built blogging or making videos.

The best way to find clients is by building an audience with a blog or video content. If you don’t have connect like that, but do have the right skillset, you can look at sites like Simplyhired and Indeed.