In this article we compiled a “best of” list that will teach you how to earn extra income online.
If you’re looking to make some extra cash, working online is a great way to do it. There are a ton of jobs or tasks you can do for some quick cash.
You also have a lot of freedom, when it comes to where you work and when you work; if you take the route of full time online income (discussed below).
The methods discussed below are both realistic and legitimate. And pretty much anyone can do them!
There are ideas for the serious go-getter, as well as ideas for people who just want a quick, fun way to make some pocket change.
How to Earn Extra Income Online:
1. Affiliate Marketing:
Affiliate marketing is a great way to earn a residual income. However, it will first take some dedication, time, and small financial investment.
With affiliate marketing you make money by promoting someone else’s product.
Basically, affiliate marketing allows you to make money through referrals. The more people that buy stuff through your referrals, the more money you make.
In fact, big name companies such as Amazon, eBay, TripAdvisors, etc – all use affiliate programs to promote their businesses.
As an affiliate marketer, the main challenge is traffic. You need to be able to drive targeted traffic to your offers, or it won’t work.
That’s why I recommend learning how to build a site and write keyword-targeted article for Google traffic.
Once you have the traffic, it’s easy to make passive income with affiliate marketing!
But it takes a little time. You have to put in the work. Affiliate marketing is more of a long-term type of income and a great resource for passive income.
Learn more about how to take surveys and earn money in this post.
2. Complete Surveys & Tasks:
Surveys and online tasks are something you can do if you don’t want to get involved in anything long term.
The disadvantage is that you will only be making a few dollars at best.
This method of making money online is both convenient and easy. You can basically choose any time you want to take surveys or do online tasks and earn a few dollars on the side.
Why do people want to pay you to take surveys?
Well, companies desperately need feedback from their potential clients about their products, services, etc.
So, one way they retrieve this information is by offering to pay you to take their surveys.
You usually have to fill out a form with some of your personal information before you can take a survey.
Once you complete such a survey, you will usually be rewarded with a few dollars or gift cards.
Nothing to write home about, but this method can be appealing for struggling students or stay at home moms.
Plus, taking surveys isn’t exactly hard word.
3. Freelance Work:
Very versatile. You can usually choose how much time you want to spend working.
Freelancing is a flexible type of work that is very popular these days.
Fun Fact: a report released by Up Work and Freelancers Union estimated that 36% of the U.S workforce consists of independent workers.
Freelancing can be really lucrative, especially if you find the right clients. The challenge with freelancing is finding clients.
The more popular you become, the more money you can make.
The great thing about freelancing is that you can monetize something that you enjoy!
You will also be able to choose your workload, which in turn allows you to easily manage your schedule.
Of course there’s downsides to freelancing online:
One of the major downsides as a freelancer is that it is hard to know which client to trust. It isn’t uncommon for people to get scammed from their pay, etc.
There is also the fact that there is a lot more competition, considering that the internet is available worldwide.
Nevertheless, this method is still a great way to make money, especially if you have a talent.
Not sure where to start? Try Fiver or Up Work.
4. Forex and Cryptocurrency Trading:
It is essential to know all of the risks involved when CFD trading. Success is never guaranteed, therefore this method isn’t recommended for everyone.
OK, so trading crypto-currencies in particular, has been all the rage lately.
You can definitely earn money with this method…but you can also lose money!
Think of it like a gamble, similar to trading Forex.
You should also remember the value of crypto-currencies can be manipulated quite easily by news reports, scares, and other trends.
But you can still make some good cash if you buy at the right time. Just be careful.
eCommerce businesses have massive potential but – once again – it can take awhile to set up a eCommerce store that works.
Thankfully, companies like Amazon are making it much easier to get started in the eCommerce industry.
I’ve got a family friend who took a course for 3 months, got his product branded and into the Amazon marketplace. By the 5th and 6th month, he made over $17,000 net profit per month.
If you want to learn more about how to build a business with Amazon, check out my friends incredible story right here.
Alternatively, and a more holistic long-term eCommerce solution, you create your own website and use it to promote eCommerce products.
With your own website you can make money through affiliate marketing, eCommerce, and whole lot of other ways!
And these days, you don’t need professionals to help you build a website.
Conclusion on Earning Extra Income Online:
As you can see there is quite a number of ways that you can earn money online, even when you are strapped for time.
While small gigs are easier to do, they won’t earn you a lot of extra income. They’re short term solutions.
The best type of online jobs are the ones that will eventually let you sit back and relax, indefinitely.
Or you could make a website and combine a bunch of different methods, like advertise your freelance services, affiliate marketing links, eCommerce, and more!
Not sure where to start? Try this free training course below.
Know how to earn extra income online in another way? Feel free to share and comment below!