4 ways to make money online

Ever browsed the Internet for ways to make money online?

The difficult thing is knowing which methods are legit. Some really are too good to be true…but some aren’t.

We’ve identified four ways you really can make money online. Learn about them and you might just find a way to earn a second income.

How much money can you make online?

OK, so now we’ve discussed the benefits if you make money online, no doubt you’re interested. And why not, it’s a very attractive thought. But how much money can you make?

This really is like asking how long a piece of string is. The sky is your limit. Some things are more accessible than others, and these are likely to have lower pay ceilings.

Later in this article as we discuss our 4 how to make money online tips, we’ll give you examples of how much you can earn.

Why don’t more people make money online?

When you trawl the internet looking for ways to make money, it can be difficult to find legit sources of information. Which is why we are looking to put together content on this subject that you can trust.

There have been a lot of horror stories over the years of people being scammed. Which of course, is true to an extent. But it’s a lot safer than it used to be, and there are a lot more tools to keep you safe. Plus, common sense goes a long way.

The main other reason, is that if anything there is too much information. It can be very difficult to wade through the billions of articles, videos and sources of information. It can be difficult knowing who to trust, and whether information is legit.

So for this reason, it can be a bit off putting. Occasionally though, you stumble upon a source of information that is pure gold and changes your life *hint hint*…

#1. Freelancing

One of the most obvious, but often overlooked, methods for how to make money online is freelancing.

Currently, there are millions of businesses which are looking for freelance workers. This is continuing to grow as the internet improves connectivity. In fact, it is said that in the US, 35% of the workforce is made up of freelance workers. This number is expected to increase to 50% by 2020.

You may be sat there wondering what skills you can bring to the table? That’s a good question, but the honest answer is… most things! The skills that people look for on Upwork (freelance website) are quite varied, so you will probably find that a lot of your experience in previous jobs is transferable.

Aside from that, writing, marketing, web design and graphic design are pretty hot and always in demand. To show just how varied the need for different skills is, the Upwork Skills index shows you the 20 fastest growing skills for each quarter.

The following is a list of the best freelancer websites or places to find freelancer jobs:

  1. Upwork
    Perhaps the number one job platform at the moment. It has thousands of businesses looking for employees with a range of different skills.
  2. Fiverr
    The second most popular freelance platform, provides freelancers with the opportunity to offer specific services ranging from graphic design to voice overs.
  3. Facebook groups.
    There is a facebook group for every niche imaginable, and it is a great way to network with potential clients and improve your chances to make money online.

Why so popular?

  1. Businesses are noticing that working freelance can increase a worker’s productivity. The distractions that can emerge in a traditional office environment are non existent.
  2. Overheads are decreased for businesses as they need to spend less money on office space.
  3. Businesses can employ staff for tasks or projects rather than employ them full time.
  4. Freelancers are more motivated because they don’t have a guaranteed paycheck.
  5. Freelancers tend to be more innovative and receptive to new technology. The very fact they are leading the freelance movement shows they are comfortable with change.
  6. Increase in the size of the available pool of employees. Suddenly, it is now a global game, which can bring many benefits.

So that all sounds great from the business perspective, but what about from yours? We covered many of them in the general questions above, but if you are highly skilled, you will be in high demand. If you don’t like a client, you can choose not to work with them and move onto the next. And your earning potential can far exceed what it does in the local job market.

#2. Become an affiliate

Affiliate marketing has been one of the best ways to make money online since the dawn of the internet.

You can earn money by promoting other people’s products or services. When you find someone to make a purchase, you receive a commission.

If you choose your product wisely, you could earn thousands in commission for the most expensive products!

So how do you do it?

Well, there are hundreds of different avenues and ways of getting people to buy. But obviously, you need to go to where you’ll find interested people, or have them come to you. Here’s the two most popular methods:

  1. Build a website.
    If you own a website that generates a lot of traffic, you will be able to put the various offers in front of potential buyers. The best way to drive traffic to your website is by ranking it for related keywords on Google. This way, if you sell a unique product that people search for, and you’re the number 1 link on Google, they will visit your site.You will then have a piece of content that persuades people to buy the product. And at the end of the piece, you will provide a link. This link has a unique code which tells the seller it was you who helped them get the sale.
  2. Build a social media presence.
    If you have lots of engaged followers on Facebook, Instagram or Twitter, you’re in luck. If not, you can build a following. But once you have that following, you can promote different products to your audience.You have to be careful with what products you promote. Ideally, you want to make sure they are products your audience may be interested in. And you also need to make sure the product is good, otherwise they won’t trust you in future!

#3. Financial trading

Ever watched The Wolf of Wall street and fancied yourself as a bit of a Jordan Belfort? Ok, the unscrupulous, womanising, stock trading protagonist is probably a bad example. But financial trading is now a lot more accessible than it used to be.

Trading fees have traditionally been very high which has meant that financial trading for the everyday Joe has been difficult to get into.

However, that changed with the introduction of a service called eToro. eToro provides a trading platform that allows you to invest and trade in currencies, commodities, and indices online.

You must keep in mind though that it can be very risky, and you have to put your money on the line. So it is a good idea to start small while you learn the ropes. It’s unlikely that you will be making millions overnight unless you get very lucky.

But to help you in your make money online quest is perhaps the best feature of the platform. It is called ‘CopyTrader’ and literally allows you to follow people that are profitable. If you want, you can even set your account to automatically copy every one of their trades.

This isn’t as foolproof as it sounds, though. Some people may have got extremely lucky, then suddenly they start to lose money when you follow them.

So you need to weed the chancers from the experts. But if you find the right people, it can be a good investment.

And if you get good yourself? Well, aside from earning money through trading, you can earn up to $10,000 in commission. You are rewarded for the number of people that follow your trades. Obviously, this is because if people are following you, you’re keeping them on the platform.

#4. Matched betting

This is a method that is nowhere near as popular as it should be. And, it is one of the most accessible ways to make cash online.

It’s called ‘matched betting’. But don’t let the word betting put you off, because it’s not really betting – at least not in the sense where you may lose money.

The following is a great in depth explanation of what matched betting is and how it works: www.oddsmonkey.com/howitworks.aspx

You can make thousands of pounds in your first month. And the best thing is, you don’t have to hunt for information. There are services (like OddsMonkey) that hold your hand through the process to make it simple.

Literally everyone of every education level and background can do matched betting. The only thing you need is an internet connection.

But we know what you’re probably asking. If it’s one of the best ways to make money online, why haven’t you heard about it before?

Well, it has actually been covered in numerous national newspapers, like the Guardian and the Telegraph. Unfortunately, the thing that usually scares people away and stops them getting involved is the word ‘betting’.

But there are hundreds of thousands of people taking part, and many have changed their lives with the money earned.

Why should I make money online?

Ok, so perhaps you may have preconceived ideas of what it means to make money online. You may have looked for ways to make money online before and found reliable money earners difficult to find. But there are lots of great opportunities out there that we’re going to cover in the Side Hustle Hub. Here are the main benefits to making money online:

  1. Freedom
    Perhaps the number one thing that attracts people to make money online is that it provides freedom. A whole new movement of people are giving up their 9-5 jobs and becoming location independent. No longer do they have to live in a specific area for work. They can work from anywhere in the world with an internet connection. Not only can they decide where to work, but they can decide when to work. They no longer have a boss telling them what to do. It is very liberating if you choose the right path.
  2. Hundreds of possibilities
    There really are an endless supply of possibilities that emerge when you start to research ways to make money online. Sometimes, the best ones are difficult to discover, but if you persevere you will find one that suits you. Think of it like this: the internet isn’t this thing that you just log onto to check your email any more. It is connected to every aspect of life now. Which means, that the opportunities that are available online are now linked to every aspect of day to day life.
  3. Increased pay
    So normally, getting a pay rise in your 9-5 job can be very tough. You have to work hard and hope that at the end of the year your boss recognises your efforts with a pay rise. Or you have to switch jobs. But when you learn how to make money online, and become your own boss, that changes. The only thing that stands in the way of you and more money, is yourself. If you decide that you want a payrise? Then you formulate a plan to achieve that and put it into action. That’s not to say you will definitely earn that, but the chances are your pay ceiling is a lot higher when working online.
  4. Anyone welcome
    Have you ever thought that you would like a particular job, then looked at the spec and realised you’re hugely under-qualified? Well, there are no entry requirements once you know how to make money online. There is nobody to tell you that you need a degree, or that your GCSE grades weren’t good enough. Anyone – from any background – has equal opportunity on the internet. It all boils down to the knowledge that you have. And the best thing? The Internet is the best place to learn anything that you want, mainly for free.

Rebecca: “I used my side hustle to coach my boss.”

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