Learning how to make money online from home could be one of the most beneficial decisions you ever make.
Shan Thomas, a strategic business counsellor and founder of Credible Visibility Studio, an Atlanta-based website design agency for women in business, says, “Having my own business affords me the flexibility I need as a single mom.”
“Corporate America did not provide me with the flexibility I required to be available to my children,” she claims. “That is something that an online business provides for me.
I have clients all around the world, and I can reach out to them and provide assistance to them over the internet.
It’s cost-effective, and it’s opened up a slew of new possibilities.” Thomas notes that there are clients in rural communities who wouldn’t be able to reach professionals like him if it wasn’t a 100% online company for him.
The ability to make extra money online from home has given rise to a new type of job: “anywhere workers.” This is the conclusion of a recent survey conducted by Lonely Planet and freelance marketplace Fiverr of over 1,400 respondents from 67 different nationalities. According to the survey results, 54% of workers considered themselves “anywhere workers,” with the ability to make money online and pursue financial freedom not being dependent on a specific location.
If you’re wondering how to make money from home, what the benefits and drawbacks of selling online are, and how to make extra money with a location-independent online setup, here’s some advice and tips from experts who’ve done it.
Advantages to Making Money Online From Home
Making money from home can provide you with the best of both worlds. You earn money while not commuting, and for many, the prospect of flexible work opens up opportunities for childcare or other personal responsibilities that would not be possible otherwise.
“The work-from-anywhere movement is real,” says Yeves Perez, CEO of Workbnb, an online travel agency and Airbnb-style service for travelling workers. According to the 2021 Future Workforce Report from Upwork, a gig economy platform, more than 40 million Americans will be working remotely in the next five years.
5 Ideas For Making Money Online From Home
There are numerous viable ways to earn money from home. Here are five popular side hustle ideas with low start-up costs and huge potential for extra cash every month.
1: Sell a Digital Product
Your expertise and experience may be packaged into digital information products.
An eBook, a video course, an audio product, or a short informational guide are some examples.
“Almost everyone has a skill that can be packaged into a digital product,” says Arne Giske, co-founder of the Insider Investors Club and Groups Funnels.
He’s built a digital product company with over 5,000 customers.
“You just need to learn how to put together an offer that people are willing to pay for,” he says. Giske points out that once you’ve built an audience, you can turn a lot of information into a digital product that sells passively.
Because there are few costs associated with creating digital information products, there is an opportunity to make money online right away.
2: Offer Freelance Services
Businesses and individuals are always looking for assistance, but they do not always require the services of an employee. Hiring virtual assistants or a freelancer is frequently a better fit, and freelancing is an excellent way to Make money online from home.
Among the most popular freelance ideas are:
- Taking care of someone else’s social media accounts.
- Creating content for a business, such as articles, blog posts, or newsletters, in order to generate extra income.
- Offering virtual assistant services, which entail being paid by the hour to assist someone with administrative tasks from the comfort of your own home.
3: Become an Online Coach or Consultant
Some people prefer to work one-on-one with an expert. What you know can be taught to others through coaching or online tutoring, and you can coach clients from anywhere in the world if you have access to Zoom and other software tools.
“We don’t offer done for you; we offer done with you,” says Isaac Mashman, CEO of Mashman Ventures, which assists business leaders with personal branding.
“We consult with our clients and help them build out their brands,” he says. “We’ve assembled a group of 12 independent contractors to consult with our clients virtually.” Mashman believes that being able to consult from home has benefited both him and his team.
If you are unfamiliar with the coaching process, there are options for training and certification. You can start an online coaching side hustle for as little as the cost of conference software and promote your offers on social media.
4: Teach English
If you speak English, you can look for online tutoring jobs to teach others how to speak English. This side hustle can be done anywhere, and the earning potential is high.
Tara Branch, a former teacher and current owner of an online travel agency, says, “I replaced my teaching income by teaching English through vipkid.”
“When I was teaching English full-time, I was bringing home at least $2,000 per month.” Six to seven days a week, I taught. There are ESL certifications available to teach English as a second language, and platforms such as Outschool are now available in the United States.”
Branch mentions apps like iTalki, tutor.com, Cambly, and many others that allow you to teach English. You can become certified and earn money teaching from the comfort of your own home. The hours can be flexible, and it’s a low-cost side hustle.
5: Become an Affiliate
If you don’t have time to deliver a product or service, promote someone else’s and earn commissions instead. You can sign up to be an affiliate for large companies like Amazon or other retailers or service providers whose products you use.
As an affiliate, you are compensated for each purchase made through your affiliate link. Being an affiliate is free, and you can get paid (from home) to promote things you’d probably talk about anyway.
Whatever you choose to make money online, it all depends on your hard work, knowledge and expertise in the industry. For example, if you choose an amazon affiliate, you must have good writing skills, SEO knowledge and research.