You’ve probably heard and read about the different ways to make extra money online.
Often, the articles and tutorials make it seem exceptionally easy to monetize your efforts, website, content and skills.
Those who try to make extra money in the digital realm, however, will soon find out that the different techniques pose unique challenges.
Some online monetization opportunities are much more effective and easier to utilize than others.
If you want to get a good result, save time and money, you will need to prioritize these strategies.
It doesn’t really matter if you’d like to earn a bit of passive income or make a living off your online presence.
Choosing the right approach will be of paramount importance in both scenarios.
Cashback websites and apps have gained a lot of popularity lately but they’re not all created equal.
These opportunities can definitely help you make extra money if only you find the right ones.
GetUpside offers cash back on various things – from groceries to gas.
The company has partnered up with hundreds of sellers to create a solid network and provide a wide range of cash back opportunities.
There’s a convenient app you can use to upload receipts and receive cash back while you’re on the go.
If you’re looking for ways to make extra money on the side, you may be wondering why cash back offers are included in the list.
This isn’t a passive income opportunity per se.
But if you’re looking for tips to save money, you’ll definitely like this opportunity.
Optimizing your expenditure could help you uncover a financial resource you can easily dedicate to something else.
Thus, better financial health starts with optimizing the way in which you’re spending the cash you already have and getting the items you require on a smaller budget.
2. Invest in Dividend-Paying Stocks
For many people, investing in dividend-paying stocks sounds like a challenging expression in a foreign language.
There’s no need to shy away from such opportunities because you fear that you don’t have the necessary skills.
Various tools out there can help you make extra money this way.
An investment in dividend-paying stock enables you to acquire a portion of a company.
Getting started with such investment, however, necessitates market knowledge and a great intuition.
Luckily, there are tools available that can help you determine which dividend-paying options are worth giving a try.
Acorns is one such opportunity.
In essence, Acorns does the hard work for you.
You have to input your financial goals in the app and it will develop a custom investment portfolio based on your preferences.
3. Get Paid for Surveys and Watching Online Videos
Some of the best ways to make extra money online don’t require hard work and the consistent effort needed to build a website or to create quality content.
You can get paid to complete surveys, watch video clips or browse through websites.
Platforms like InboxDollars allow you to take surveys for money, watch videos and get paid.
Obviously, this isn’t the only option.
Online surveys have proliferated over the past few years and you’ll find many websites that pay potential poll takers.
Just like in the case of cash back offers, it’s very important to choose the right opportunities.
There are scams out there and you should double check the reputation of any site you intend to join.
4. Rent Out a Room in Your Apartment
Property generates amazing opportunities even when it comes to ways to make extra money online.
Renting out a room in your apartment that you’re not using is easier than ever before.
Websites like Airbnb simplify the process of connecting with people who are interested in renting your apartment or room either short-term or long-term.
If you have an apartment you’re not using, you should definitely consider listing it online.
Some of the top hosts on Airbnb generate serious monthly income that enables them to quit their job.
5. Get Started with Affiliate Marketing
If you’re looking for ways to make extra money from home, you should definitely ponder over the possibility of dabbling into the world of affiliate marketing.
You can earn a lot of money as an affiliate. The only thing to keep in mind is that consistency and hard work will be required.
We have talked about the way we make money blogging and our comprehensive monthly reports shed even more light on the potential of affiliate marketing.
Explained in simple terms, affiliate marketing enables you to advertise a product or a service.
When a person makes a purchase on the basis of your referral, you will receive a commission percentage.
Most people use affiliate links on their websites and blogs.
This, however, isn’t a prerequisite for being a successful affiliate marketer.
You can promote affiliate links via your social media presence if you are an influencer and you have a solid following.
Online forums, communities, email marketing, and even article websites provide choices for the inclusion of affiliate links that will reach thousands of prospects.
Affiliate marketing will require some time and strategic effort to begin yielding results.
Don’t give up if you don’t see monetization right from the start.
As you gain traction and your audience grows, the chances of monetization will also increase.
6. Display Ads on Your Website or Blog
If you have a website or a blog that you develop as a hobby, you can generate a little bit of side income without having to work too hard.
Display advertising ranks among the simplest ways to make extra money online.
Networks like Google Adsense accept almost all kinds of applicants, regardless of the website’s size or the topics it discusses.
All you need to do to get started is place a short piece of code on your website, and it will begin displaying relevant ads.
Each time a person clicks on the ad, the blog owner will receive some income.
Some people make serious cash this way, especially if they have a niche blog reaching a lucrative audience.
Even if your blog is smaller, you can still cash out a couple of times per year.
Display advertising is a great experiment for newbies in the world of online monetization.
It can reveal the true potential of your website and give you ideas about other ways to make money through your online presence.
Once your website grows, you will probably switch to something that’s going to earn you a lot more cash.
At the beginning, however, display advertising networks are a good and simple choice.
7. Create an Online Course
Everybody has knowledge and experience in a certain field.
If you have in-depth information about any topic (from creating handmade jewelry to starting your own business), you should consider creating an online course that others will have to pay for.
Online course creation is one of the most rapidly growing ways to make extra money online.
Some have already generated six-figure passive income through online course creation and selling.
Platforms like Udemy simplify the process of crafting courses and reaching a large pool of potential “students.”
Udemy courses come in all shapes and sizes.
There are numerous topics that the portal accepts educational materials about: personal development, business, IT and software, office productivity, design, marketing, lifestyle, photography, health, fitness, language, music, and various others.
You probably have in-depth knowledge in some of these topics.
Take a look at some of the best-selling Udemy courses and definitely explore other course platforms, as well.
See what the audience is looking for and what types of courses have already been developed.
Based on this information, you can fine-tune the idea and get started with the development of course that a specific niche audience will have a particular interest in.
The best aspect of course creation is that you’ll be saving time and money in the future.
Once you create an array of courses, you’ll be left with advertising them.
Courses that discuss evergreen topics will remain as popular in five years as they are today.
A solid course will continue earning you passive income in the years to come.
8. Start a Podcast
Anyone who has an opinion about a topic and access to basic audio equipment can make extra money by starting a podcast.
The best aspect of podcasting is that it happens to be fun on top of being profitable.
Podcasts make money in several distinct ways.
Advertising and sponsorship deals are available to those who have already established their audience.
It’s also possible to make people pay for the podcast or join a subscription program in order to access all of the episodes.
The quality of content will definitely be of paramount importance to get subscribers and keep them.
Advertising on the podcast is still a top source of income.
Finally, those who have acquired a lot of popularity can plan and organize live events, get people to pay for merchandise and for premium content.
Podcasting is very flexible and scalable.
If you’re eager to, you can turn it in a profession and a full-time monetization opportunity.
Alternatively, podcasting can help you earn a bit of side income.
Just like in the case of course creation, it’s important to pick the right topic and to make sure that a large enough audience is interested in what you have to tell.
From that point forward, consistency, regular updates, and content quality will be the key to growth.
9. Your Own YouTube Channel
So many people with no discernible skills have already become YouTube millionaires.
A YouTube channel launched as a joke can quickly turn into a lucrative money-making opportunity.
YouTube pays content creators whenever ads are displayed and viewed on their videos.
While a recent YouTube algorithm change made it more difficult to earn money through advertising, this is still possible.
In order to make money on YouTube, you need a big number of views and followers.
The number of views will be determined by two main things – how lucrative the topic is and the viral potential of your content.
There are people out there making cash in the most incredible ways on YouTube.
Swedish YouTuber PewDiePie, for instance, became a millionaire by making commentary while playing video games.
Just remember that the right niche is true to your character.
Choose something that you like to do and that you’re passionate about.
Upload a portfolio of YouTube videos and promote them via your other social media channels.
Launching a YouTube channel is a great experiment.
You can see how hard work and views pay off.
YouTube ranks among the best ways to make extra money online, especially if you’re not afraid to show your face and share your opinion on topics of interest.
10. Become a Freelancer
More and more companies are looking for online professionals that can complete tasks more cheaply than an in-house team.
Websites like Upwork give you a chance to build a professional portfolio, advertise your skills and find clients.
You don’t need to quit your day job to begin working as a freelancer.
This can be a wonderful side hustle opportunity that generates some additional income.
You can save time and money by looking for gigs online.
Employers are looking for professionals having a wide array of skills and competences.
A 2018 report suggests that some of the fastest growing in-demand skills include cloud knowledge, cryptocurrency experience, risk management, photography, rapid prototyping, e-learning, customer retention, AI, and IoT.
These are truly diversified skills and they’re not the only ones that companies are looking for.
Build a presentable, solid portfolio that highlights your experience.
A good LinkedIn profile will also be required.
It’s up to you to decide whether you’d like to work on an occasional project for a bit of additional income or you’re looking for part-time/full-time employment options.
The key here is once again patience.
There will be a lot of competition, especially from countries where the standards of living aren’t that high.
Don’t fall in the trap of giving clients cheap offers just to score a gig.
If you are knowledgeable enough and you’re serious about building a freelance career, you’ll land a gig sooner or later.
11.Monetize Your Social Media Presence
The final opportunities listed among our 11 ways to make extra money online include monetizing your social media profiles.
Your Instagram account can bring in some much-needed cash.
Building your audience and becoming somewhat of a niche influencer will have brands eventually approaching you for the creation of promoted photographs.
Twitter is another social network that can be monetized.
Sponsored tweets are an obvious choice.
Once again, you should be seen as an authority in a specific field or an influencer in order to get approached by brands.
Affiliate marketing via Twitter is another model you can follow to earn cash.
Finally, you can drive traffic to the website that’s earning you money, you can build links, do tweet swapping (non-cash barter exchange programs) or provide customer services via the platform.
The Internet is vast and it provides amazing monetization opportunities to those who know where to look.
Are you already making some extra money online? How are you accomplishing the goal? We’d love to learn more about your experience in the comments below.
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