Updated: Aug 23, 2022
There are many ways to earn money online not just these 5 we are going to talk about. But these 5 are my favorites, you can let me know yours in the comments after reading this post.
Before jumping to the main topic, there's a famous quote by Benjamin Franklin saying "An investment in knowledge pays the best interest."
So if you are new to the digital world or looking for more ways to earn money online, here are some of my favorite online business ideas -
Blogging is one the evergreen and can be the best source of income if you are passionate & consistent about it.
Through Blogging, you can directly promote to work for other brands and individuals. You can also check popular ad networks like Google Adsense, Facebook Audience Network Ads, Taboola, etc from where you can also generate earnings from your blogs.
If you love creating content & are any subject matter expert, you can even guide your audience to the products that might be helpful for them and in return earn good commissions as well also known as affiliate marketing.
Another great way of earning through blogs is Sponsored Posts/Products. You can charge money to post an ad about a product or service with your audience.
You definitely have some work to do before you can earn well from blogging. The work is all about posting content regularly, driving traffic for your blogs, engaging & building trust with your audience, helping people with their information needs. Eventually, money will flow.
2. YouTube Channel
YouTube is very similar to blogging except for the fact it's all about VIDEOS.
One interesting fact about Videos is that they are made with the help of scripts and you can use your blogs as your scripts too.
Videos are more engaging and have the most retention power. In fact, some people only tend to watch videos and not read. You could choose to include explainer videos, vlogs, tutorials, video testimonials, product reviews, live streams, and even video ads.
Today it is all about VIDEOS. 93% of marketers say they’ve landed a new customer because of a video on social media. Youtube has 2+ billion users which is almost 1/3 of the internet population. (The Power Of YouTube - Second Biggest Search Engine on the Internet.)
Check your eligibility for YouTube Channel Monetization. Guide: YouTube Partner Program Policy
3. Teaching / Coaching / Online Courses
Gone are those days when you had to travel a lot to learn the basics and fundamentals of any topic. Today people prefer learning digitally and at their convenient time.
There is a huge opportunity for teachers and online coaching centers to cater to their students online through websites or videos.
There is a plus point and this model can get you more income as well. You can also record and have a subscription-based income model or sell online courses too.
You just need a website and the right tools to get started with. Drive traffic to your website & content and generate more leads and inquiries about your coaching services.
4. E-Commerce Store
Nowadays, it's very easy to open an online store and start selling. Platforms like Shopify, Wo-Commerce, Magento, etc have made online selling very easy.
Basically, you can sell any digital or physical products online. You just need to be out there with an offer and in front of the right person looking for such an offer. Sales will follow.
Pro Tip: There are various plans and pricing associated with choosing the right platforms, technology, and tools to your benefit. Research and use them wisely to stay profitable in your business.
5. Lead Generation
This is something everyone is looking for on the internet and everywhere else. Lead Generation can be your business as well as it can be something that you wanna do for your business itself.
Whatever the case may be, every business needs leads that convert and help drive the expected or projected sales that are needed.
People are online on different platforms, you just need the right one or a set of right ones for your business to be present on and offer your services. It can be organic or a paid source as well.
For Instant growth on leads and then sales eventually, you need right kind of people to be associated with your business. People that will be interested in your offer and buy from you or at least will improve you in any way.
To find such an audience for your business website or blog or YouTube channel, that will engage and buy from you is a tedious task after all. You need to filter out a lot of traffic online to get those who may be interested in your product or services.
I help businesses grow online especially with the help of online ads. If you are looking for people who may be interested to buy from you online, let's discuss more.