If you’re looking to make money online in Nigeria, there are endless possibilities to help you do so.

Whether you’re interested in becoming an influencer, starting your own freelance business, or something else entirely, there are multiple ways to monetize your skills and interests online.

One thing to keep in mind, however, is that making money online requires one simple thing – hard work.

Just because the internet gives you access to millions of potential customers doesn’t mean they’ll automatically become paying customers.

The truth is, you can actually make money online in Nigeria. Whether you want to make money online as a teen, you want to make money online as a student, or maybe you don’t have a dime to make money online, this list has something for you.

Two things to keep in mind, there’s no quick-get-rich scheme (you’ll only lose your long-earning money to scammers) and to make money online you need to be either skillful, a professional or leveraging on other people’s businesses.

If you remember and keep these 2 simple rules in mind, you can start making money online right from home and it can even be done part time.

 

What Are The Best Ways to Make Money Online in Nigeria?

Now, let’s look at the best way to make money online. These are from my personal experience, and what I have seen, and it works.

Whether you are unemployed, a student, a teenager, or maybe you don’t have any technology or skillful experience or even money to start, you can make money online, in a good way with these ideas.

Here are the 26 Highest Profitable Ways to Make Money Online in 2022 with little or no experience + free resources to get started.

 

#1. START A BLOG (No 1 Recommendation)

One of the most popular and profitable ways to make online is to start a blog. In fact, this is my No1 recommendation.

start a blog busines

If you want to make money online, a great place to start is by creating your own website.

If you can build even a modest number of likes on Facebook or followers on Twitter or Instagram, you can quickly earn some extra spending money through affiliate marketing and direct sales.

Once you have enough traffic and a decent list of people interested in your topic, making additional income will be as easy as pitching products directly.

There are many ways to monetize your passion projects without relying on ad revenue—through affiliate commissions and product launches, for example.

Here’s one thing for your notebook

Blogging shouldn’t be based only on your passion or what you like, it must basically be on Audience Revenue Potential, and this is while most blogger fails.

Top 10 Successful Bloggers You Should Know

  1. Arianna Huffington of The Huffington Post ($2,330,000 Monthly income)
  2. Michael Arrington of Techcrunch ($800,000 Monthly income)
  3. Pete Cashmore of Mashable ($600,000)
  4. Pat Flynn of SmartPassiveIncome ($153,000 Monthly income)
  5. Timothy Sykes of Timothysykes ($150,000 Monthly income)
  6. Michelle Gardner of MakingSenseOfCents ($130,000 Monthly income)
  7. Gina Trapani of Lifehacker ($110,000 Monthly income)
  8. Adam Enfroy of Adamenfroy ($80,000 Monthly Income)
  9. Heather B. Armstrong of Dooce ($50,000 Monthly income)
  10. Darren Rowse of Problogger ($40,000 Monthly income)

and many more…

How can I earn from my blog?

There are different ways in which you can make money online from your blog. However, here are the top 5 ways to make money from your blog;

  1. Advertising Banners: This method involves the use of banner advertisements on your website
  2. CPM Advertising: This method involves getting paid by advertisers for impressions rather than clicks or sales
  3. Affiliate Marketing: This method involves selling affiliate Products from your website. If you promote great products, you get great commissions.
  4. Pay Per Click: This method involves monetizing your website with Google AdSense. It is the easiest way to earn money online from a website or blog How much money can I make with a blog?
  5. Selling your product: This method involves creating and selling your own product on your website. This can include selling your own eBooks or software.

Blogging can also become a passive income source for you.

This simply means you will continue to make money monthly with existing content or products on your website. A single post can fetch your $1000 every month.

How can I start my blog and make money in Nigeria?

You can start your blog in Nigeria and make money by creating a new website around a profitable niche. In the technology world today, you can create a website even if you are not tech-savvy.

Here are things you need to start your blog and make money online in Nigeria

  • Domain name
  • Web hosting.
  • Theme
  • Blogging Tools

No complicated tools and programs, and no coding skills are required. You can learn how to start a blog from Adam.

Once your website is live, you will need to monetize your website to start making money. In fact, plan your monetization strategy from day 1.

One more thing, after your website is live, the next thing you wanna consider is getting great content to your website and sending traffic to your website.

Pros:

  • Easy to start, you don’t need to be tech-savvy
  • Your earnings depend directly on you
  • Can be passive income in the long-term

Cons:

  • Small investments needed
  • Time-consuming to write all blogs
  • Need to meet the requirements of Google;

 

#2. Start a YouTube Channel

Yes, having a successful YouTube channel is one of the most popular and profitable ways to make money online in Nigeria.

YouTube is now a full-time job for many people. You can create a YouTube channel about any topic that you are passionate about and share your knowledge and experience with other people just like the blog explained above.

There are YouTube channels about everything, for example how to repair a car, beauty makeup, self-improvement, game tutorials, education, music, etc.

How can I earn with YouTube?

To make money online from YouTube consistently, all you need is to publish great videos from time to time based on a specific niche or topic.

Here are some ways to earn passively for YouTube:

  • Google Ads
  • Affiliate Marketing
  • Advertising your products or software
  • YouTube Premium revenue
  • Channel memberships

Watch this video to learn how to start a YouTube channel

How can I start my own YouTube channel and get paid?

To start a Youtube channel, you need

  1. A Gmail account, which enables you to create your channel on YouTube
  2. A logo/brand
  3. A niche for the channel

Read: How to Start a YouTube Channel in 2022

Pros:

  • Easy to start.
  • Your earnings depend directly on you.
  • Can be passive income in the long term.
  • Little or No investments are needed.

Cons:

  • Time-consuming to make and edit video content,
  • Need to reach 1000 subscribers and 4000 hours of watching time to monetize your channel as YouTube starts to pay when you reach this level.

If you want to have a full-time, self-employed, and long-term job where your finance will depend on you, then this method is for you

 

#3. Affiliate Marketing

Affiliate marketing is one of the best ways of making money on the Internet. This is because you can also turn it into a passive income-generating machine.

Affiliate marketing is about promoting the products you love or use every day to other people who could also benefit from them and when someone purchases it, you get paid your commission.

How do I make money in Nigeria with affiliate marketing?

Affiliate marketing is a very popular way of making money online among top bloggers, YouTubers, and people who do email marketing.

This is because they can make money with someone else’s product without needing to worry about creating their products or keeping an inventory.

Therefore, if you already have a blog or a YouTube channel, this could be a great way of increasing your actual revenue without needing to put too much work on the table.

All you need is an audience to whom you’ll promote your affiliate product.

Let’s say you have many followers on Twitter, Instagram, Facebook, or any other social network, you could just join the affiliate programs of your favorite hair products or diet supplement

They’ll give you a unique link that you can share with your audience that will give you a commission every time someone completes a purchase using your link.

Learn how to start affiliate marketing from Torchbankz

How can I get started with affiliate marketing?

First, not all brands have an affiliate program you can freely join and start making money, but also many companies have an affiliate program available, although they don’t tell you on their website.

The best way to find out whether a company has an affiliate program you can join or not is by asking them directly.

You can also try to search on Google with the words “Product name + Affiliate Program”.

There are also affiliate marketplaces such as Clickbank.com where you can find many products from different industries and join their programs to promote.

Pros:

  • Easy to start.
  • Can turn to passive income in the long-term.
  • Small investments are needed.
  • Long-term cash flow only.

Cons:

  • Requires an audience;
  • Initial investments may be required.

Comment:

If you are willing to spend some time and effort for 3-6 months now and earn money online in 1 year and onwards, then this method is obviously for you.

 

#4. Work As A Freelancer

Working as a freelancer is one of the most popular ways to make money online in Nigeria legally, many people look for someone who can perform simple tasks that they just can’t or don’t know how to perform.

Many people make a living out of a freelancing job, some other people also do it while they work on their startup or personal project, this way they don’t have to go back to a normal job to support their family.

The work a freelancer does may be to write articles for a fee, do some graphic design, build websites, MCs PowerPoint presentations, record a voice clip, etc. You can work as a freelancer doing anything.

How can I start making money as a freelancer?

There are many websites on which you can register as a freelancer and offer your work to other people, an excellent place to start is with one of the leading freelance websites

  • Upwork
  • Freelancer
  • Freeeup
  • Fiverr

The best thing about being a freelancer is that you can get clients from all countries around the world

So you have a high number of potential customers, you can work from home using your internet connection, and you work your hours.

How much money can I make as a Freelancer?

Freelancers make from $30 up to $500 per day. Working as a freelancer obviously will not make you a millionaire, however, it can replace you with a full-time job.

Pros:

  • Can make you a solid amount of money;
  • Many freelance websites where you can register and make money;
  • Easy to start;
  • No investment is required.

Cons:

  • The number of your orders/sales will directly depend on the reviews of customers;
  • High competition due to low entry requirements.

 

#5. Dropshipping

Dropshipping is a method of business model where you can sell third-party products from a Chinese company to American customers without ever seeing or shipping the products.

Sounds crazy, right? When you make a sale, the product is shipped directly to the customer from the Chinese supplying company.

Your profit is the difference between what you charge your customers and what the supplier charges you.

How does it work?

This method is one of my favorite business models which can make you very rich and wealthy.

Dropshipping is the long-term perspective that can become a branded product selling company, like ‘GymShark’ or ‘Drop Bottle’.

However, to succeed with this business model you need to learn many different technical skills

Skills like; designing, writing skills, advertising, website designing skills, Facebook and Instagram advertising skills, and other skills.

I spent around 3-5 months learning and making sales.

I have watched various YouTube videos about Dropshipping, read many articles and blogs about it, and can make a conclusion that it requires some time to succeed with this model.

In your learning way, you will see various videos about it, but I recommend you stay away from videos like “I tried to Dropship for 1 day and made a profit” to save your time. This type of video is true, but not for beginners.

To make sales with Dropshipping, you need to have a Facebook Business Manager account which means your sales and business solely depend on Facebook.

I am not against Facebook, however, they have a lot of requirements and restrictions, and if you breach them your advertising account will just be disabled without any explanation.

Your advertisement can also be rejected to proceed without any explanation.

For example, I tried to advertise a baby bodysuit and Facebook rejected the advertisement, I created another account and did the same steps and the advertisement was successfully processed.

To succeed with Dropshipping you need to put the right product in front of the right audience at the right time.

How much money can I make?

Many drop shippers make on average from $3000 to $300,000 per month depending on your product, advertisement, website design, and traffic.

If something is wrong with one of them then you might not make any sales.

How can I Start Dropshipping?

To start doing business with Dropshipping business, you need to follow the next steps:

  1. Do research for a good product. The product must be in demand.
  2. Find a supplier on AliExpress. You should try using filters when searching: # of Orders, shipping country, and review rating.
  3. Go to Shopify.com and create your website. The application is 29$ per month, however, the first 14 days are FREE.
  4. Design your website.
  5. Download an Oberlo application to connect your shop with AliExpress
  6. Write a good product description and download some useful applications like LOOX, Coopt, Wheelio, etc
  7. Create a Facebook Business Manager account.
  8. Create an advertisement and start leading traffic to your store.

…and Congratulations! You have just started a Drop Shipping business.

 Pros:

  • Can make good money with this business model;
  • Can build a branded product shop from a long-term perspective;
  • One of the ways that can make you a millionaire in the future.

Cons:

  • Requires a lot of learning and self-education
  • Requires at least $2000 to successfully make money
  • Very high competition in all niches
  • Not a short-term income model
  • Sales depend on Facebook and Instagram.

Comments:

Overall, Dropshipping is a very good way to start your own long-term business, however, requires a lot of skills, knowledge, and creativeness.

 

#6. Sell Print on Demand 

Print on demand is a great place for beginners to start making passive income online. Print on demand is a form of business where you need no stock to sell online.

print on demand

This can especially be an interesting source of income for you if you have a passion for design, have a graphic design background, or want to share your artwork with the world.

How does it work?

Print on demand is the companies/websites where you upload your design of the product, they print it on the product and ship it to the customer directly and you get your profit.

You do not need to create a website or blog in this business model. What you need to do is to upload a creative design for a t-shirt, mug, socks, pants, and many other items.

You don’t need to be a world-class designer to get started with Print on Demand. Even text-based designs sell. You don’t need fancy software to create good graphics.

As long as you have creative ideas and can make basic artwork, you can get started with Print on Demand. Therefore, it’s easy for beginners to get started.

How can I start a Print on Demand?

There are a lot of Print-on-demand companies that offer their services, some of which are

  • Tee Spring
  • Red Bubble
  • Merch by Amazon
  • Printify
  • Printful

To start selling with the first 3 you do not need a website and only for the last two companies where you need to have a website or online shop.

These companies can connect their website to your stores like ETSY, Shopify, WooCommerce, or even eBay selling accounts. Once you are connected the website to the store everything is automated.

The customer makes an order on your shop, ‘Printful’ and ‘Printify’ check the orders detail and fulfill them for you.

Pros:

  • No designer education is required;
  • Can turn into a passive source of income;
  • Easy to start;
  • Very profitable;
  • The selling price is set by you, hence profit is also set by you;
  • Can be printed on various products.

Cons:

  • Due to the easy start, the competition is too high.
  • It takes time and effort to build up.
  • It requires an audience to start making money.

Comment:

Print on demand is an excellent way to monetize your audience if you are a Podcaster, a YouTuber, Instagrammer, or a business owner.

 

#7. Sell Audiobooks

Producing and selling your audiobooks is also another great way to make money online in Nigeria, especially because audiobooks sales have shown a 20% increase in the last 2 years.

Sometimes people just prefer to listen to an audiobook instead of reading the actual paper book, and sometimes it is even more convenient.

You could listen to your favorite audiobooks when you’re driving to your workplace every morning.

If you are already in the writing industry, maybe you’ve already published several eBooks or you’re planning to do so.

You must know that people are turning to audio and visuals when it comes to technical subjects.

It’s a great idea to consider turning your existing eBook;

Or even a hard book, into an audiobook through a resource like Audible, which is a company owned by Amazon in which you can publish and sell your audiobooks.

You can even hire a producer, so you don’t have to shell out upfront cash, or you can hire a freelancer to do the job for you.

Anyways, you’re using your existing content to create something new that will make more money for you.

Free Resources to get started:

  • The Ultimate Guide to Self-Publishing Audiobooks (Article)
  • How To Make An Audiobook (Article)
  • How To Make Money Selling Audiobooks (Step By Step) (Video)

#8. Earn Money With Online Survey

Completing surveys online is also another way of earning some extra money from the internet.

It’s not the type of activity that will give you a lot of money but if you’d like to make some extra cash while you stay at home watching TV or listening to your favorite podcast, this is a good way of doing so.

How much can I make with online surveys?

If you spend some time on this during your spare time at home, maybe while you’re on the bus going to work or coming back home, you could earn from $100 – $300 per month.

It’s not a lot, but it does not require a lot either.

There are many new research companies out there who offer rewards for your opinions, however, not all of them are legit, so you really must take some time to find those who will pay you.

Top 10 Best Online Survey you should try

  • InboxDollars: No 1 recommendation
  • Survey Junkie
  • Swagbucks
  • LifePoints
  • Opinion Outpost
  • Toluna
  • Vindale Research
  • Pinecone Research
  • MyPoints
  • SurveyClub

Pros:

  • Can earn easy money.
  • Cannot be passive.
  • Earnings will depend on your work.

Cons:

  • Sometimes not trustworthy
  • Will not make you a large amount of money;
  • Most surveys available for US and Canadian residents only
  • Time-consuming.

Comments:

There’s not much to say about making money online completing surveys, most likely questions about yourself and your lifestyle.

The only thing you need to do is to register on a legitimate survey website and start filling those out when they are available to you.

 

#9. Become a ClickWorker

Clickworker is a German company that pays you to work from home and complete some short tasks for them.

This is a site where you log on at your convenience and complete short tasks to get paid for it.

They offer all kinds of projects, anything from writing an article to search engine evaluation tasks.

You might even always find something different to do each time you log in, but you’ll only be assigned to tasks you are qualified to do.

To determine whether you are qualified for a certain task, you’ll have to take a brief assessment of each type of task.

You may or may not be able to retake them if you fail, depending on the type of task.

How much money can I make?

The amount of money you’ll earn will depend on the project you’re working on. ‘Clickworker’ also states that most of their workers make on average around $9 an hour.

Sometimes you might make more and other times you make less than that.

They usually process their payments through PayPal or direct deposit to a SEPA (Single Euro Payments Area) bank account.

How can I get started?

Firstly, you’ll need to register on their website. They’ll have you go through an initial qualification test to know what type of tasks they’ll assign to you.

 

#10. Become A Website/User Tester

To make money online in Nigeria as a website/app tester, you need to have fluent English, written and spoken.

You will also be required to have some basic equipment like a computer with a microphone, smartphone or tablet, broadband internet connection, and an updated web browser.

How much money can I make?

Many companies who offer this type of service will pay you anywhere from $5 to $15 an hour to test apps and websites, they even pay you extra bonuses if you happen to find any bugs.

How can I get started?

You’ll need to find several websites that are looking for people to perform this type of task and register as a new tester.

Once you go through all the testing and pre-qualification, they’ll let you know every time they have a test available for you.

It’s good to keep in mind that these companies will only need you for reviews whenever they have something that matches your profile;

  • this could be based on your location,
  • the types of device you have, or
  • your level of expertise.

That is why is very important to register on multiple websites so that you have more chances of getting work assigned and getting paid.

Top 10 Review App/Website to try

  • User Testing
  • WhatUsersDo
  • Enroll
  • Testing Time
  • Respodents
  • UserBrain
  • UserFeel
  • Userlytics
  • TryMyUI
  • UserZoom

Pros:

  • Easy to start;
  • Fast to make money on a short run

Cons:

  • Time-consuming,
  • The competition is too high.
  • Hard to get approved.
  • Only English-speaking countries are accepted mostly.

 

#11. Join Amazon FBA

Amazon FBA (Fulfilled by Amazon) offers a whole different level of service, all powered by Amazon, and it’s also a great way to make money online in Nigeria.

amazon fba

The way it works is very simple,

  • find the products you’d like to sell,
  • you get them at a very low price so that you can have a profit margin,
  • and Amazon handles the storage, sales, shipping process, and customer support.

Once you’ve acquired your products, you’ll upload them to Amazon’s warehouse, pack them up and ship them to an Amazon distribution center.

Once the items arrive and are scanned in at the distribution center, they’re live on Amazon.

At a very basic level, all you do is obtain a product (or products), ship it to Amazon Fulfillment Centers, and wait for it to be sold. You get paid every two weeks.

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How much can I earn with Amazon FBA?

This will depend on how much inventory you start with, obviously, the numbers will vary. On average you can earn around $2000 per month.

Pros:

  • Can turn to a passive source of income;
  • Trustworthy and legit;
  • Can make a solid amount of money;

Cons:

  • Initial investments are required;
  • If your product does not sell within a certain period will be removed from Amazon;
  • In the rating system, the more rating reviews you have the more sales you will make;
  • Requires establishing a legal entity.

Comment:

Overall, this business model is a good way of making money but requires initial investments.

#12. Become an Online English Tutor

If your first language is English, then you are lucky. English is the most widely spoken language, which everyone in the world would like to learn and are willing to pay for it.

How can I start making money?

There are a lot of platforms where you can register as an English teacher

But I do not recommend registering there because those will require qualifications, diplomas, licenses, and certificates.

Moreover, you will be limited in your earnings.

Since the English language is very popular and many people want to learn it, I recommend looking at two ways of doing that business:

  1. Find some job search websites in a particular country like China, Japan, Thailand, Qatar, etc., and list your teaching advertisement there (it is free to list);
  2. Create your language teaching website and advertise it on Google, Facebook, Instagram, etc. for countries where the demand is high to learn the language.

That way you will arrange your schedule and your finance.

How much money can I earn from teaching?

It depends on you and your time, level of education, certification, and platform as well. Regular teachers get paid from $5 to $40 per hour.

However, if you use the methods that I recommended above then you can make from $200 up to $1000 per day.

Pros:

  • Easy start.
  • No initial investment is required.
  • Can make a solid amount of money.
  • Can be extendable from a long-term perspective.

Cons:

  • Cannot make a passive income.
  • Some platforms require certification and degrees.

 

#13. Play Online Games

You can make money online while you play games. Some platforms can pay you for downloading and playing their games.

play online games

Platforms like Swagbucks, Exodus3000, Play Rummy, Secondlife, and others.

If you like playing online games and would love to make some extra bucks while doing what you like to do, then this is for you.

Overall, with this type of income, you can: earn by watching, playing, and downloading, however, it is very time-consuming and low-paying.

If you have plenty of time to spend watching videos and playing games then this method is for you.

 

#14. Publish An Ebook

Ebook is a digital version of a book that comes in a digital format where it can be downloaded online.

 

You can write them yourself, employ writers or use public domain content, and create your ebooks from many sources.

How can I make money online with eBooks?

If you’re interested in making money online with eBooks, you have a few options available for places where you can sell them.

You can set up your website and sell your eBooks directly, you can have a shopping cart or PayPal link to process payments for your eBooks sales.

Also, a very easy way to sell eBooks is through a third-party website like Amazon.

The big advantage of this is that although they keep a commission from your sales, your eBook can have a huge reach.

Research has brought up some data stating that around 90 million Americans read eBooks.

That means 90 million people who might also buy your eBook, might find yours when looking for a new eBook.

How much money can I earn with eBooks?

Ebook sellers can earn from $100 to $4000 per month passively.

You do not need to advertise it, all you need is just upload it into Amazon Kindle and they will do the rest for you.

Pros:

  • Easy to start.
  • Passive means of making money online.
  • Very profitable.
  • Will be selling for years and decades.

Cons:

  • Time-consuming to make research and write the book;

 

#15. Become A Social Media Manager

If you are passionate about Instagram, Facebook, Twitter, and LinkedIn, and have knowledge and experience in growing the page? Then this method is for you.

Many companies do not know how to manage their Social Media and will pay for those who can do it.

How can I become a Social Media Manager?

There are three practically proven methods of starting this business model:

  1. Register and create a gig on freelance platforms like Upwork, Freelancer, or Fiverr.
  2. Create a resume and post an advertisement on job searching websites like Glassdoor or LinkedIn as a Social Media Manager;
  3. Create a funnel on your website with your pricing and advertise it on Google, Facebook, Instagram.

How much money can I earn becoming a Social Media Manager?

Depending on how many clients you have you could earn between $1,000 – $10,000 monthly.

If you are doing well with this business model, then you can hire a team and expand your business as a Social Media Agency in your region and this will boost your earnings to the top.

Pros:

  • Easy to start your business model.
  • Earnings will depend on you
  • Can be expandable from a long-term perspective.
  • Little or no investment is required.
  • Can become active and passive streams of income if you hire a team.

Cons:

  • Time-consuming to build a relationship with clients;
  • Takes time to find first clients;
  • Some niches are very competitive, and some are not.

Comments:

If you are passionate about Social Media and good at a growing audience, then this method is for you.

Possibilities are endless with this method, even if it takes some time to build trust and relationships with clients.

 

#16. Drop Servicing

The concept of the business is the same as Dropshipping but in this case, you resell services instead of products.

You also need to create a website or funnel to make sales but instead of AliExpress, you go to the other websites.

 

How does it work?

You create your website where will be offering your services and when the client will buy the services you go to Upwork and Fiver and hire a freelancer to render the services.

The difference between what you received from the client and the cost of a freelancer is yours. No skills or knowledge in a specific industry are needed.

How can I start Drop servicing?

To start drop servicing you do not need a Shopify store or Facebook Ad, instead, you need to go to ClickFunnel.com and create your funnel with your pricing. I have explained briefly the exact steps below:

  1. Research the services that are on-demand using Google Trends and Google Analytics (ex. make a logo, design)
  2. Then go to Upwork or Fiver.com and find the same service to check the freelancer’s service charge for this service;
  3. If you have identified services and suppliers that you need to start to create your website;
  4. When you complete all steps above go to Google ads and place your Advertisement.

Congratulations! You have just built a drop servicing business model.

Pros:

    • No skills, education, or certification is required;
    • Easier than Dropshipping;
    • Little investments are required;
    • Low competition;
    • Can make an agency from a long-term perspective.

Cons:

    • Finding clients might get challenging;
    • Need to have a good customer support team.

If you are looking for a business with small investments Drop service is for you.

 

#17. Sell Stock Photos or Artworks Online 

The ability to make money online as a photographer is all about harnessing that same creativity at the heart of your work and applying it to the monetization of your talents.

This can be a good source of passive income, but you need to be putting a lot of quality products out there to move forward, but it has solid potential.

You can start your website or sell through a large platform or even both!

How much can I make by selling photos and artwork?

Most photographers earn from $200 to $2000 per month passively.

How can I start selling?

As was mentioned above, you can either create your website where you will have all control of your website or you can sell them on platforms.

Here’s where you can sell photos and basic artwork: Shutterstock, Fotolia, Dreamstime, Getty Images, iStock.

 

#18. Work Online As An Employee

Lost your job? Don’t worry, this is your opportunity for financial freedom. If you are good at the profession that you have been doing at your job before, then this method is for you.

How can I make money with this method?

The best way to restart earning your income is to offer your profession to work online remotely without any contract or obligation.

For example: if you are a financial analyst you can offer your services to various companies simultaneously to work on a task-based job. The best part of it is that you do not need to spend your time in the office from 9 to 5 and can use your free time to perform other jobs as well.

You can also work for multiple companies at the same time and nobody will suffer from that and you can double or triple your earnings.

How can I start to earn with this method?

Simply go to job search websites and post your advertisement (it is free to post).

 

#19. Create A Membership Website

The holy grail of passive income – the recurring monthly payment membership site. Offer a premium resource online, pay a weekly/monthly/annual fee for access.

So, as your customer base builds so does your income, but this can be tough as many pay the initial fee and then drop out quickly, so offer quality service.

How much money can I make with this method?

It is probably the best and proven way to become rich. Let’s calculate together how much you can earn as an example:

You have grown your audience build a relationship with them and they trust you.

The number of your audience is around 2000 followers on the Instagram page and your membership website price is $100 per month.

Let’s suppose that only 20 people purchased your service, 20*$100= $2000 from only one month.

This opportunity is endless, you can keep growing your audience to a big size and make even more money with this method.

How do I start selling?

There are a few options for creating a membership website:

  • MemberPress (plugin for WordPress)
  • Wild Apricot
  • Digital Access Pass

 

#20. Sell Course Online

If you have the knowledge or deep expertise in some field, then convert it to online courses.

Nowadays, people want to learn and gain more skills that and they are willing to pay for learning.

Example: Microsoft skills (especially Excel), video editing, barista, designing, etc.

How much can I make selling courses?

A quality course can make anywhere from $50, 100, $297, or $3000!

If you are an expert, organize the structure and sell it in a package.

How can I start selling courses?

You can easily get started by building a blog/website for yourself and there are several places you can use to build and sell an online course.

Here are three online course creators for you to consider using:

  • Teachable
  • Zippy Courses.

 

#21. Become A Transcriber

Transcriptionists listen to audio files and record (type) what they hear.

If you have patience and the ability to sit for long periods and an eye for detail, you should consider transcribing.

How much can I make?

You can earn $7-$21 per hour or more if you start your own business in transcribing.

How do I get started?

As many ways making money online you have three options:

  1. Register on freelance platforms.
  2. Create a website and your own business.
  3. Register in job searching websites.

 

#22. Become A Virtual Assistant

Are you task-oriented and have skills in the areas of social media management, editing, graphic design, tutoring, researching, writing, administrative duties, or data entry?

Then becoming a Virtual Assistant may be an excellent choice for you.

How much can I make?

You can earn $20-$100 an hour as a Virtual Assistant.

How do I get started?

The answer is simple. Simply go to Freelance platforms like Fiver or Upwork and register as a Virtual Assistant.

You can also advertise yourself on job searching websites like Glassdoor or LinkedIn.

 

#23. Become A Proofreader

Do you find yourself easily catching errors when reading? Do you cringe when you see grammar mistakes? If so, consider becoming a Proofreader.

proofreader

Proofreaders are NEEDED, I know because I use one myself.

How much can I make?

You can start to earn with this method from $20 to $90 per word or per hour.

How do I get started?

There are various platforms you can use to register yourself as a Proofreader on ProofreadingServices.com or Craigslist or even Freelance platforms.

 

#24. Stock Investment

Even though it’s one of the oldest passive income strategies, there is something to be said about investing in stocks that pay quarterly dividends.

This is one of the best ways to easily generate passive cash flow without much work.

As the old saying goes, when you buy stocks, you do it with the hopes of “buying low and selling high.” Dividend stocks work the same way, but with one other benefit

Just for owning the stock, you are paid a small portion of the company’s earnings in the form of a dividend.

With these types of stocks, you get paid when the stock goes up in value, and when dividends are paid out.

Let’s say you buy shares of Apple. Not only is the stock price likely to rise over time, but you’ll also get paid for each share of stock you own dividends are paid out.

How much can I make by investing?

The rule is simple, the more stocks you have the more you earn.

However, this type of income is not a guaranteed income, you even can incur a loss in some cases like if the company showed bad financial results in the period.

So to invest in a stock you need to educate yourself and make some research.

 

#25. Become an AIRBNB Host

If you own a home, renting out a spare room in your house is a great way to earn extra income.

 

As an Airbnb host, you can decide when your extra room is available for rent, you set the daily rate, and you make all the rules.

It might feel weird knowing that strangers are staying in your home, especially if you’re not there.

Luckily, Airbnb provides up to one million dollars of insurance if there are any mishaps.

There’s also a rating system, so you can view a renter’s reputation before agreeing to let them stay in your home.

To get a feel for how much income you could potentially make with Airbnb,

Start by looking at similar rentals in your area (i.e. same number of bathrooms, bedrooms, location, etc.). Determine the average prices for weekdays and weekends.

The nice thing about Airbnb is that you have the freedom to choose when you rent out your space, and there’s no long-term commitment.

Pros:

  • If you live in a large city you can make consistently good and passive income;
  • Can grow from a long-term perspective;
  • Easy to start and register.

Cons:

  • You cannot make money during the quarantine because all borders are closed, and traveling is not allowed;

 

#26. Online Trading

Online trading is one of the methods by that you can start earning money.

It is the brokerage platform where you deposit an amount of money and start betting in stocks, indexes, currencies.

This method is not a traditional investment into stocks where you receive dividends or buy cheap stocks and sell them at a higher rates for profit.

It is basically gambling, and that is why it is the last method in my list of ways to make money online.

How does it work?

It is easy to start with this method. You just need to create an account on a platform and deposit your money.

On your dashboard, you will find a screen with line graphs that will be moving towards your right side of the screen and will be rising and falling.

You chose a stock and make a prediction if during the next 5 minutes the line will fall or rise.

If your prediction is accurate, your money will be doubled, if not, you lose. You can choose the amount and prediction time of the bet.

If you want to make a bet and you don’t know how, find communities on Facebook or Instagram for predictions that are surely profitable, although not 100% guaranteed

How much money can I make?

It is very hard to describe how much you can make, if you bet $100 you can earn from $130 or even $200. However, it is not guaranteed, and you can also incur a loss.

Pros:

  • Can earn solid money (double or triple size of your budget by just making bets);
  • Deposit money fast and do not need to wait;
  • Easy start and register;

Cons:

  • High level of risk.
  • It is time and money-consuming.
  • Need a lot of self-education and learning.
  • The profit is not guaranteed.
  • Initial investments are needed.

Comments:

Overall, I do not recommend this method of online business for beginners unless you have time and an extra $400 to learn the system.

I recommend this method if you already have a solid amount of money generated, like $10,000 then buy predictions from analysts and double your money.

 

What is the best option to start with?

Well, that depends on you, your skills, your availability, and your readiness.

I recommend you to create a list of methods that are closer to you and your skills from the above described 26 ways, then shortlist 5.

Once you did that, choose those that are non-time-consuming.

If you want to succeed with any of those methods, my recommendation is – “DO NOT FOLLOW EVERY SHINING OBJECT”

…and start one or several ways only, master them, and then start another one.

To build a consistently earning income you need to be patient and consistent, do not start one stream if did not finish with another.

I would not recommend you to start with Dropshipping first, because it requires time and effort.

It seems very easy to do, but when you start to explore more, you will have fear and doubt about your success with this method.

Always remember that your time is expensive and nonreturnable, use my recommendations above and start your journey to build wealth.

Lincleon is a productivity expert and coach, helping individuals and teams reach their goals. With decades years of experience and a unique system, he has a proven track record of success. Stay tuned for practical tips and insights on GripRecap's blog.

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