Making money online is easier than ever – from selling products to offering services, the opportunities are endless. But with so many options, figuring out the best ways to make money online can be tricky.
That’s why we’ve sorted the best choices to help you get going. In this article, you’ll find 20+ practical ways to earn extra cash – complete with earning potential and ways to start now.
1. Start an online store
Starting an online store allows you to sell products directly to customers through your own website or marketplaces like Etsy or eBay. To get the most out of this option, use an eCommerce website builder for a quick setup and a professional brand image.
2. Start a dropshipping business
Dropshipping allows you to sell products online without holding inventory. Your supplier ships directly to the customer, making it a low-risk way to start an eCommerce business.
Earning potential
Dropshipping can generate a wide earning range depending on effort and strategy. Around 25% of eBay dropshippers make over $1,000/month in profit, while the top 10% earn an impressive $7,731/month or nearly $92,772 annually.
How to start
- Find a profitable niche by using Google Trends to research trending products.
- Create your store using WordPress with WooCommerce for a cost-effective option.
- Find reliable suppliers on platforms like Doba or AliDropship for effective order fulfillment.
- Add products to your store with appealing descriptions and images.
- Run ads on social media platforms like Facebook and TikTok to attract customers.
Check out our article on how to start a dropshipping business for more details. This includes registering the business and planning the marketing strategy.
Entry requirements
Expect to invest $1,500–$13,000 to start your dropshipping business. Basic skills in eCommerce platforms, product research, and digital marketing are needed. Most stores can be set up in 3-4 weeks, with potential profits starting in 2 months.
3. Monetize your blog through ads
Monetizing your blog through ads is a straightforward way to earn income. You can display automated ads through networks like Google AdSense or sell ad space directly to brands. Displaying ads offers an easy setup, while selling ad space gives you more control and higher earning potential.
Earning potential
Revenue often depends on how many monthly page views you get. Generally, 500,000 views can bring in $1,000 to $5,000, while 1 million views might earn you anywhere from $2,500 to $25,000 monthly.
How to start
- Pick a niche that appeals to a broad audience and choose your blog monetization methods.
- Set up your blog with platforms like WordPress.
- Publish high-quality, SEO-optimized articles consistently to grow traffic.
- Apply for ad networks like Google AdSense to start earning.
- Partner with brands for sponsored content related to your niche.
Entry requirements
Expect to invest $50–$100 for WordPress hosting and a domain. Strong writing skills and SEO knowledge are essential. Ad revenue usually begins after 6–12 months of steady audience growth.
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