The Internet offers many opportunities to earn passive income and make money online.

January
10, 2020

14 min of reading

Opinions described by Entrepreneur associates are their own.


Whether you want to earn something fast or achieve long-term, more sustainable income-generating results, you can certainly make money online today. The truth is, making money online is not as difficult as most seem. It requires some discipline.

However, if you are looking for realistic ways you can start making money online now, then it really comes down to seven ways you can make a profit. Some will provide you with immediate results, helping you meet your basic monthly needs such as rent, utilities and groceries, while others have the potential to transform your life by revolutionizing your finances in the long run.

Related: 8 Ways to Make Money Online Without a Day Break

No matter which method you choose to earn your online income, you need to know one very important thing. Money can be earned and spent, saved and stolen, invested and lost. This is not the time. That is why time is far more valuable than money. You cannot recreate time. Once consumed, it disappears forever.

When you are running out of time, making money or out of it can seem like an impossible task. How should you do it while working a nine to five life job? While the stability of full-time employment can allow most to sleep well at night, it does not give your creative juices a look for new income-generating strategies.

No matter what method you end up using to generate revenue on the web, you need to adjust your mindset to empower yourself rather than discourage you. The truth is that making money online can be filled with avoidable pitfalls. Avoid the noise with a few basic guiding principles in mind.

If you are not seriously earning full-time income and, perhaps, from your online activities, then you should focus on passive income as opposed to active income. Of course, active income will help you survive. That’s the scarcity mentality at play. But advancing passive income will help you make progress.

Link: 2 ways to make money this month

Given that you have a limited time, passive income should be a big part of your job. If you are seriously considering generating any revenue stream online, passive income should be one of your only goals and ambitions. Why? Would you rather not do the job again and get paid so often, as opposed to relying on your time to earn that income? Invest time in the front end so you can reap the benefits of the back end. This means investing a bit of sweat capital and not getting paid today. Instead, you’ll pay somewhere along the way. You will still receive your salary whether you continue to build that passive income stream or quit.

Anyone interested in making money online should earn a passive income while working on an active income. There are numerous ways on the internet to passively generate revenue, many of which start at the base of the blog, generate huge traffic, and generate audiences and lists. It’s not easy, but it’s worth it.

That doesn’t mean you need to start a blog today to make money online. You can opt for a route that does not start a blog, but if you are looking for longevity in your online revenue generation capabilities, blogging should be your main goal.

1. Utilize application economics

If you want to address some immediate financial needs, then application economics is probably for you.

Uber or Lyft: If you are in a place where you can find Uber or Lyft or one of the many competitors around the world, such as Chinese Didi, the hours are flexible and you can work as you see fit, making it perfect even if they are currently employed but want to make money some more on the side.

Postmen: You don’t even need a car in some places to make money with this app. In some big metropolitan areas like Manhattan, a bike would be sufficient.

Botta: Earn cashback rewards by buying featured products from major retailers. All you have to do is add rebates, go shopping, and then take a photo of your receipt to earn a refund. Simple and effective.

Rabbit Task: Another simple and easy side-hustling revenue generating application is the Task Rabbit application. Tasks can be anything from simple repairs to more comprehensive ventures. The app scrutinizes each provider to ensure the highest quality, and is a great way to earn some extra revenue on your own terms.

Ebates: This app offers an easy way to make money online by buying everything you already buy and then receiving a cashback reward. There are no scan certificates on eBat. Just click the link in the app and buy it from the store. You will be automatically credited with cash rewards by purchase, with an email confirmation.

Swagbucks: With Swagbucks, there are more ways you can make money. You can shop online, watch videos, respond to surveys, and search the web. The app offers you both cash and gift cards as a reward for your hard work.

Dollars in the inbox: Another app you can use to make money online is Inbox Dollars, which pays you to watch TV, take surveys, and shop. There are cash deals here and it is relatively similar to some of the other apps in this arena.

Related: What You Will Really Make From Uber, Airbnb and TaskRabbit Every Month

2. Use existing websites

You can also choose to use existing websites to make money. They include both active and passive receiving methods. For example, you can sell some used items or invest in creating some digital designs that can be sold on merchandise. Again, devote much of your time to passive income so that you can slowly collect earnings that will come on autopilot without any extra effort.

Of course, a large portion of these sites have their own applications. But they are certainly less involved in the gig economy, especially in long-term projects such as photography, network marketing, graphic design and web development.

Craigslist: This site has been used for over a decade for people who want to make extra money online. You can easily sell your used items, rent a spare room in your home or apartment and offer your services to the world.

UpworkA: This site provides a great market for selling almost any professional service. You don’t need a merchant account, your website, or anything for that. All you have to do is be able to provide high quality service at a reasonable price. But stay informed, you will need to compete with many others who are constantly competing in open jobs.

Cafe Press: This site allows you to create digital designs that can be sold on the platform. You will earn commission on everything for sale and you will never have to deal with logistics like printing, warehousing and customer service. If you have some graphic design skills, then this is a great potential source of your web revenue.

Fiverr: Israeli Fivver started in 2010 by Shal Wininger and Micha Kaufam. You can offer gigs for as little as $ 5, but also pay a lot more for bigger upgrades and extras.

Mechanical turk: Amazon’s Mechanical Turk is a source for performing human intelligence tasks or as a place it commonly refers to, HITs. You pay a very small fee for any HIT and you will need a good chunk of volume to earn a considerable amount of money. But it is a resource that you can use in your spare time to earn a small income online.

Flippa: If you have a penchant for buying and selling, you can use Flipp and its high class, Deal Flow Brokerage buy and sell websites for profit. You will need to know what you are doing here, but you could easily generate considerable revenue by browsing through revenue-generating websites for profit.

Etsy: Although the popularity of Etsy has declined recently, it is still a great resource for selling handmade items online. No need for complex ecommerce sites or merchant accounts or any automation. The company takes a fee for each sale and charges a small listing fee per item. But many still use Etsy as their primary source of income. The best part is that you can also sell digital products like poster design.

Shutterstock and StockPhoto: Do you have a careful look at the photo? Why not sell photos on some of the leading photo sites. You will need some design software skills to tag them. But if you have the skills in this arena, this is a great potential source for passive income.

No edge: Similar to CafePress, Chicago-based Threadless also lets you sell digital designs in the form of T-shirts and other merchandise such as phone cases, mugs, beach towels and so on.

Zazzle: Another great resource for selling online is the use of Robert Beaver’s Zazzle. The site is a bit like Etsy and anyone can actually make money online by selling various items. From art to handmade items and custom products, you can pretty much sell anything here.

Related: 5 Ways To Make Enough Sponsorship To Make Money

3. Sell your stuff

If you are ready to enter the ecommerce circle, you can sell your stuff. Of course, along with selling your own stuff on your own website comes a whole host of responsibilities and technical configurations and requirements. You will need a website and a hosting account to get started. You will also need a merchant account like the ones offered by Stripe or PayPal. Then you have to design that site, build a sales funnel, create a lead magnet and do some email marketing.

You will also need e-commerce software, fulfillment software, take care of storage, customer service and money back. But that’s not all. You will also need traffic. Consider search engine optimization, Facebook ads, and other social media campaigns. It’s hard work, especially on your self. You can opt for Amazon’s platform, which could be an easy route. But then again, at the end of the day, it’s serious business, which could generate significant revenue. So you’re either all or not.

Shopify: Want to build your own store? You can choose to create a Shopify store. You could also install WooCommerce as an add-on and launch an e-commerce store from your blog. You will need an SSL certificate and payment processing method, but it may be easy for you to start selling quickly and immediately.

Filled by Amazon (FBA): You could start selling in the largest online store in the world without spending time building your own infrastructure or worrying about traffic. You will need to pay a commission, but most other processes will be automated for you.

Delivery: Amazon offers one form of drop shipping, but there are other resources for drop-off products that you never really need to see or fix yourself. All you have to do is close the sale. Service providers love it HomesFrom, World brands, and many others, offer you the resource to ship deliveries of your products.

Counseling or coaching with big tickets: You can sell your own counseling or coaching products with big tickets from your website. You will still need a website, a merchant account, a sales funnel, a lead magnet, and many other things. But you can easily earn a considerable amount of money from every single customer, which makes it worth the hard work of setting it up.

Related: Making Money Online: 5 Top Online Selling Opportunities for Every Entrepreneur

4. Sales as a subsidiary

There are many resources available to make money online as an affiliate. You can get products from ClickBank, Commission Junction, Rakuten Marketing, Share-a-Sale, Impact Radius and many more. In addition, many larger companies have their own affiliate programs. Check it out and find the right audience with a relevant product or service for your audience that you can sell as an affiliate.

In some cases, you may need an active website with high traffic to approve it. Selling as an affiliate is not easy by any means, but if you have an audience, it can definitely amount to a considerable amount of revenue.

Related: Why Affiliate Networks Are So Important For Internet Affiliate Marketing

5. Start a blog

If you are serious about making money online, start a blog. Blogging is one of the easiest and most sustainable sources of revenue. As long as the blog is set up in the right way, in the right niche, with the right content targeted at the right audience, and the offer is complementary to the content, you could make a huge amount of passive income from the blog.

While some may think that starting a blog is a laborious effort, once you understand the precise steps you need to take, it becomes far easier. It all starts with the decision of choosing a profitable niche and choosing the right domain name. From there you have to build your deals. You can easily sell things like mini-email courses, trainings and e-books.

Related: 6 Ways To Turn Your Blog Into Making Money

6. Email marketing

If you are interested in internet marketing, set up email software and create a leading magnet that you can use in your sales funnel. Then compile that list. It is often said that you can expect to earn about $ 1 per subscriber per month. If you have a list of 10,000 subscribers, that means you can earn approximately $ 10,000 a month. You will need to deliver value, not post them on every email, but it is a very achievable goal in a short time.

There are many ways to get people on your list. Lead magnets are one such resource. For example, you can create ebooks, checklists, and cheat sheets. But you can also upgrade content, such as PDF versions of the article with additional resources, a four-part training video series, and more. Think about your audience and what you can offer them to serve them better, then treat them with respect and you will eventually reap the rewards.

Related: One of Facebook’s first employees to explain why email marketing is better than social media marketing

7. Webinars training

Webinars are probably one of the most powerful ways you can make an excessively large amount of money online. You will need a training audience and you will need to know what you are talking about. Of course, this usually requires owning a website and some representation of an internet presence. However, people can still do webinars without all that. For example, you might have considerable social media and you train them every week about something to do with social media. But you will need a product to incorporate and sell it at some point. Don’t worry about it at first. In my experience, the best webinar platform is GoToWebinar.

No matter what method you choose to make money online, understand that you might be able to make money quickly, but for a substantial return you will need significant capital possession. However, in a year you will be happy to start today. Remember, time is much more valuable than money. Focus on creating passive income streams that will free up your time so you can leave the rat race and focus on the things that matter to you.

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