Profiting by working online is not a recent occurrence, and people continually use creative ideas to generate a steady income stream. Making an online presence that also appeals to your creative side does not mean that you need to start a business. All it takes is learning from others who have made a profit working online, and building on tips and ideas to take your skills and products to a large audience worldwide.
To learn how to establish a profitable online presence with various levels of investment, while keeping an eye out for pitfalls and perfectly showcasing your skills keep reading.
Choose between Monthly and passive Income
Limited amount of time and energy available to an individual narrows your options when working online. So you need to first decide whether you have to generate income monthly by creating products or delivering a service. On the other hand passive income does not come in every month and results from running a blog or a website, which often generates revenue after several years of working to bring in visitors.
Why do people opt to go online?
WANT TO BUILD A FINANCIAL EMPIRE?
Subscribe to the Global Banking & Finance Review Newsletter for FREE Get Access to Exclusive Reports to Save Time & Money
By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
Getting online and creating a niche product, service or blog is a heady experience and several entrepreneurs often compare the process to the setting up of a business. With an online presence however there are several advantages as much of the red tape and regulations that surround setting up a business can be sidestepped. Additionally, there is no need for renting office space, hiring a receptionist, or setting up a production process. Instead people can often manage and operate their online presence from the comfort of their home and with the aid of a computer.
Get ready to Face Failure
Planning to profit from online opportunities does not mean that you will always succeed. In fact most people who start with an online presence soon find that creating a mobile device blog, making specific products, or an app just does not work out. With failure comes the risk of losing money and while creating a blog does not involve spending a lot of money it can result in considerably time being lost. Creating products for sale online, however and consequent failure of the enterprise can result in several thousand dollars of loss. The prospect of losing money especially if you are dipping into your savings can be daunting and in the case of a loan you will have to lose the collateral put down when availing it.
Try out Several Revenue Streams at Once
Working online to generate revenue often means trying out several different things at the same time. As soon as you realize this you will understand the need for intensive labor in front of a computer or on the streets as you work as a driver for companies such as Uber. Working hard everyday however does not guarantee that you will end up with a profit at the end of the month. So it is prudent to plan for the future by putting in place a blog or a website to create passive revenue stream.
Get Rich Quick Formulas are Fake
Surprisingly people fall for get rich quick formulas when they go online. As many are not aware that working online comes with limitations and there is no magic potion that leads to overnight success. Needless to say, you need to steer clear of these schemes as they will often result in you losing money and in serious cases can even cause your identity to be stolen.
The Power behind Niche Blogs and Websites
Packed with powerful personal commentary, niche blogs showcase your expertise and you can speak from your perspective. This makes niche blogs perfect for a mother providing tips on how to create the perfect home cooked lunch for school and also a knitting expert offering new patterns. Niche blogs allow you to include personal testimonials, and you friends can contribute as guests to grow your business, while shoring up theirs.
Creating a niche blog around something that you are passionate about, is not always possible and therefore bloggers have learnt that they can instead offer unique services or products. The uniqueness of your offering, whether it is ability to collect and market stunning shots of landscapes from contributors or deliver creative reviews of products, will draw visitors to your online presence.
Showcasing your skills through your work is important if you are generating monthly income or setting up a passive revenue stream. This is a tactic that is employed by freelancers who often set up several niche blogs that each showcase a specific skill set that they have. As a result you can have one dedicated to home decor whereas another delve into mobile devices, which continue to be very popular worldwide as people tend to change their phones every two years. Here are some other ideas for niche blogs:
Fashion: Setting up a fashion blog, revolves mostly around the fact that women and increasingly men as looking online for the latest tips and the best deals when on the move. Fashion addicts are therefore happy when they get deals, info and trends on their mobile device.Allowing them to get into lines earlier or buy sunglasses advertised by their favorite actor before sales open to the general public.
E-Learning: Teaching photography or helping people learn how to play a musical instrument online with the aid of courses allows you to showcase your skills, and also creates a niche offering that is targeted at those who are looking for something specific. Building a course and then promoting it to an online audience is also increasingly common with the aid of various platforms such as Udemy. On your blog you can also function as an affiliate, and recommend courses available on platforms and earn from each person who clicks through your blog to invest in one.
Travel and Tourism: Vacations are part of almost everyone’s life and people often go on several per year. Creating a travel and tourism blog which provides the best options and costs pertaining to hotels, flights and more will endear you to those who want to keep within their budget when vacationing, and will even keep them coming back for more in future.
Health and Wellness: Keeping fit is often harder than it seems, and additional complications are added to the mix when people pass the age of thirty. With individuals facing unique situations such as injuries, fluctuating weight, pregnancy related issues and problems related to aging you can create a niche blog that taps into your expertise and also provide much needed guidance to others.
Tech and Gadgets: Burgeoning demand for smartphones, tablets, PCs and laptops means that people often need to know the best deals available paired with the latest technology. This is where blogs that deal with tech and gadgets come in handy as they review the latest devices, collect deals available during holidays and point to stores where they are cheapest.
How to Save Money or Make Money: Making and saving money are two niches that are extremely popular as people routinely want tips on both topics to make their life easier.
Generate Money from App Based work
Increasingly customers are using mobile devices and apps installed on them to purchase products, services and even earn money. Money earned via apps can come in various forms:
App Based Driving: The Uber app is not only useful when you need to book a ride from a party or to the airport. It is also handy when you have a car and are interested in earning extra money working part time. As a result it is an increasingly common work option for those who are looking for a flexible second job.
Take up Home Improvement Tasks: Living in a large city allows you to earn extra money by using apps such as TaskRabbit, which people employ when they need minor jobs around the home done. Such apps are also much sought after by people who need help installing a TV after shifting, require heavy objects to be lifted or just help in moving their residence. Similar apps provide a way to earn money doing part time jobs without having to set up a business of your own and invest in advertising.
Sell Your Skills or Products online on Preexisting websites
Working as an amateur photographer is not easy and often people have to take up several gigs to make ends meet. Going online and utilizing websites that have huge volume of traffic, means photographers, artists and others who have products and services to sell can earn extra money even as they concentrate on their day job. With sites such as Shutterstock and iStockPhoto photographers can set up a presence online, use it to show off their unique shots and generate a passive revenue stream based on each item sold.
Marketplaces for Services
Sites such as Upwork and similar offerings allow you to offer services that you are proficient in to an international audience. Whether you are a web designer, specialize in creating graphics for websites or design t-shirts, these sites allow you to bid and win work. Accountants, admin support assistants, customer service providers and more find such sites useful and there are multiple categories under which their work can be showcased. Designers who are looking for a website that helps them sell digital designs online can try out Cafe Press, while Etsy is still a leading site for selling handcrafted products.
Work as an Affiliate
Functioning profitably as an affiliate depends largely on the amount of traffic you are attracting to your website or blog. So once you have a blog up and running and getting a decent amount of traffic you can become an affiliate for Amazon and other businesses like Bluehost.
Make your Own Website
Getting ready to sell products online often requires a website. So if you already have one, these are things you can do with it in addition to using it for affiliate marketing.
Webinars: If you are setting up a website, using a GoToWebinar platform or a similar offering allows you to create online courses to teach a language, technical writing or coding. Using webinars you can market a product or service and often up to 40 percent of attendees turn into qualified leads.
Encourage people to subscribe: Allowing people to subscribe to an email list gives you the opportunity to sell to them via email.
Create Sponsored Posts: Give advertisers the ability to submit articles to your website. Articles such as these are paid for but if you create content for the advertisers you will be paid a higher rate.
Make Use of Amazon store: Creating an Amazons store with the aid of the company’s affiliate marketing program allows you to recommend products that you prefer.
Sell a Well Performing Website: You can earn more money off a well performing website but if you do not have time to maintain it or want to create a brand new one, you can always sell it for up to 10 times the money you earn monthly.
Function as a YouTube Influencer
Promoting engagement with your blog or website and its content with the aid of videos is great if you the aptitude for creating them. Creating high quality videos however is not enough as they need to resonate with viewers in order for them to become popular. Putting videos onto YouTube allow you to earn from the clicks that they get and most popular vloggers on the service end up earning millions per year. Once videos are on YouTube they also rack up clicks if they are embedded on your website and blog.
Going online to create a profitable venture is not easy but it is extremely rewarding, and even as you earn money you can help others who want tips on saving, child rearing and more.There is also a silver lining in that the opportunities for profiting online keep increasing.