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Top 5 Ways to Make Money Online in 2024 and Beyond

By MicaR | Online Venture | 26 Dec 2023


Do you make money online? How much money do you make? Do you make a lot of money, or do you make a few pennies? Do you find making money online difficult? In case you are not making a lot of money online, what hinders you from making money online?

I have been making money online since a couple of years and based on my experience I can say you can make a lot of money online if you use the right method and follow the right strategies. If you are wondering what is the right method and what are the right strategies to make money online, here are 5 top ways to make money this year and beyond.

E-commerce

The history of ecommerce goes back to 1982 when Boston Computer Exchange was created to buy and sell used computers. Amazon, which was launched in 1994 is the world’s biggest ecommerce platform. Despite the long history of ecommerce, general people began to understand the true potential of ecommerce only after the Corona Pandemic when they realized that business can be done from comfort of home. Thus, creating an ecommerce business is a great way to make money online. You can do it in many ways the most common are creating your own store or selling from online ecommerce marketplace. You can sell variety of things.

Affiliate marketing

Affiliate marketing continues to be one of the best ways to make money online for many years. This is easier than setting up your own online store or selling through third party marketplaces. All you have to do is join affiliate program and send buyers to the affiliate company and you earn 10-20 percent commission. You don’t even need a website, you can do it through newsletters or social media platform.

Content creation

With the evolution of social media platforms and their need for user generated content, content creation is becoming a huge industry. There are multiple social media platforms where you can earn percentage of revenue as well as content monetization. Want to Make Money Online, Look No Further Than Youtube

Youtube has 2.6 billion monthly active users, which means more than 1/3 of the world’s population is watching youtube videos. Google, world’s number one search engine, owns youtube, therefore, by default, youtube is world’s number 2 search engine. There are a lot ofd video sharing platforms however, these platforms do not have search functionality and do not have enough informative content

Therefore, youtube is the best platform you can get into for learning, making money online, and building your business. Facebook is also building itself as a video sharing platform, Tiktok is fastest growing video platform, however, can you easily find videos that are 5-6 years old on these platforms. However, on youtube you can easily find 5-6 years or even older videos. There is no other platform that will give you as much freedom as youtube gives when it comes to building loyal audience.

Getting started on youtube is also easy. You can start making money within six months of publishing your first video.

Freelancing

Do you know what the median salary of lawyer in the US is? On average a lawyer earns $27k annually. Do you know how much a seller earns on average on Fiverr? On average a seller makes between $300 and $1000 per gig and generates around 200 sales per month. You can make your calculation. If you have professional skills like video editing, animation, mobile app development, etc. you can make a lot of money through freelance marketplaces. Since I made my first money online through a freelancing contract, I would say freelancing is the best way to make money online. A lot of people say that it is difficult to make money via freelancing. Well, answer this question what is the easiest method to make money? All money-making methods are difficult. It took me many months to secure a job in the real world, so, I did not find any problem when I had to spend 3 months on a freelancing site bidding on jobs to get my first contract. My first freelancing job earned me half of what I would have normally earned from my offline contract but my first-time salary was also pretty low in a real-world job. A lot of people will also tell you you need to be highly skilled. Tell me one thing, what can make you a lot of money without any professional skills?

Teaching

Actually, it is easier to make money online by teaching how to make money online rather than doing it yourself. In my 3 years of online career, I have found that people tend to earn more by teaching how to make money through dropshipping rather than doing dropshipping themselves, people are making more money teaching how do to print-on-demand rather than doing print on demand business themselves. I even have found people teaching how to blog or how to make money with adsense who have never blogged and never used AdSense. These days it is easy to find information online and fool people.

First published on Trendri and Forum Coin

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MicaR
MicaR

Web Designer and Content Creator


Online Venture
Online Venture

A blog on Business, Finance, and Making Money Online. The blog offers useful and interesting articles on how to start and run a business and how to make money online.

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