Every year new get-rich-quick schemes pop up. Some of these work, but most of them don’t.
The reality is you are probably better off sticking to your nine-to-five job. That being said, if you are tired of your nine-to-five job or want to make some extra money, there are plenty of opportunities to make money online. And it doesn’t matter that your capital is low or that you have no capital.
Let’s explore some of these options below.
1. Reseller Hosting
A great way to earn money online as either a full-time or part-time job is to start a web hosting business.
The easiest way to do this is through reseller hosting. Reseller hosting lets you sell white-labeled hosting services to your clients under your own brand name. This is the ideal way to get into the hosting business without investing in expensive resources to manage servers and hosting infrastructures.
The way it works is you buy a hosting service (usually a VPS) from a hosting provider at a wholesale rate and then sublease that space to others by configuring and dividing up the hosting space based on individual client needs.
You’ll need to take a couple of things into consideration when planning your reseller hosting business. To start with, you need to choose a decent hosting provider. You also want to ensure that this provider allows white-labeled reseller plans, so your customers don’t realize that they are on a reseller hosting service.
Furthermore, you also want to make sure that the provider offers ongoing technical support. Lastly, you’ll need to decide how much you want to charge for your plans.
The way dropshipping functions is that, you sell a product to a customer, but your supplier is the one who stores, packages, and ships the product to your customers on your behalf.
This is a lower-risk approach for independent business owners to test out new product ideas and lines without owning or paying for the product upfront. This is because, frequently, entrepreneurs have to spend a significant sum of money on inventory before they can start selling.
These costs can be restrictive, making it hard for most people to break into entrepreneurship. However, with dropshipping, you don’t have to stockpile inventory, so it is a much easier way to break into product sales.
3. Affiliate Marketing
Affiliate marketing is a well-known way to make money online because you can be an affiliate for nearly any company.
The way it works is that you make money by promoting various brands. This means you earn a commission from sales on things like retail products, software, apps, and more. It may seem like a small thing to only make a commission, but if you work with several brands, this can quickly add up.
The best way to earn money through affiliate marketing is through content marketing. You start by building a blog with several high-quality content pages and then add affiliate links to it. Furthermore, by creating high-quality content, you create an asset that you can call your own.
This way, if an affiliate program shuts down, you can switch the affiliate link to another company, and you won’t have impacted your income.
YouTube success stories are ubiquitous. Tons of people are making money from this social platform. While you may not become the next Jeffree Star, you can still make a decent income by creating a YouTube channel.
YouTube channels with 1000 subscribers or more can be monetized with YouTube ads. However, to compete in the YouTube space, you need a channel that focuses on a single niche so you can create a strong, loyal audience.
Some examples of niches you can focus on are video game tutorials, makeup lessons, product reviews, skill-sharing, and prank videos.
Whatever niche you decide to target, you need to make sure you are creating content that people want. In other words, this content must either educate or entertain. You’ll also need catchy headlines to draw people in and keywords to optimize your videos for YouTube search.
If you do this recipe right, you’ll rake in the dough.
5. Print On Demand
Print on demand is not unlike drop shipping in that you don’t have to carry inventory or ship out products to customers yourself.
However, there are some differences. For instance, shipping costs can be relatively high, so it is challenging to create a sustainable business unless you sell higher quantities or charge higher prices. The other difference is that you have the ability to brand your products and packages.
This online business is popular with graphic designers as they can sell their designs on clothing and other products, thereby monetizing their art. Plus, there are already several sites out there where designers can sell their products, such as Society6 and Etsy, so you don’t have to worry about creating your own site.
Conclusion: Easy ways to make money online today
Making money online is a good way to earn some extra income or help you escape your nine-to-five job. Plus, if you find something you are passionate about and like doing, it won’t feel like work at all.
Start by trying out one of the suggestions on this list and if it doesn’t work out, try something else. Just remember, nothing comes without work. However, if you put in the effort to make money online, you’ll reap the rewards.
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I am Adeyemi Adetilewa, a media consultant, entrepreneur, husband, and father. Founder and Editor-In-Chief of Ideas Plus Business Magazine, online business resources for entrepreneurs. I help brands share unique and impactful stories through the use of public relations, advertising, and online marketing. My work has been featured on the Huffington Post, Thrive Global, Addicted2Success, Hackernoon, The Good Men Project, and other publications.