Popular get-rich-quick schemes flood the Internet, but surprise, surprise, they don’t actually work. The World Wide Web is full of snake oil salesmen who are more interested in lining their pockets at your expense, so utmost care is needed when navigating the online world. With all that being said, there are definitely legitimate ways to make money online that involve good old-fashioned hard work, common sense, and knowledge.
- Online Selling
The wheels of the e-commerce bandwagon are rolling faster than ever and for good reason. Selling products online has gotten easier with different social media platforms offering a marketplace and ways to advertise what you’re selling.
If you want to take your online business a step further, there are platforms that allow you to build an online store in a few simple clicks using your product images and pictures. There are also other models you can try such as drop shipping. The point is, there is really no shortage of ways to push through with online selling.
Of course, there is no promise of instant success here, but with the right mix of passion and marketing skills, you can go places selling products online.
- Dabbling with CBD
Many people think that endorsing CBD is equivalent to paving the way for future stoners, but that’s not how it works. Research has shown that it gives a ton of benefits and does not cause a euphoric “high” like THC, another compound found in cannabis.
So, how can you make money off CBD? You may choose to sell CBD oil or products containing terpenes for pain management. To do this, you may have to first research the legal status of selling CBD oil or terpenes for pain management in your area. In the U.S., you can sell CBD oil online as it is legal in all 50 states, provided that it comes from industrial hemp and contains a THC content of less than 0.3%.
Another way that CBD could boost your income online is through affiliate marketing programs. You can think of affiliate marketing as a friend referral program with unlimited earning potential. Research the highest paying CBD affiliate program in your area and navigate the nuances of each. The highest paying CBD affiliate program could give as much as a 40% commission off each retail sale, which is not bad at all.
- Creating YouTube Videos
Starting and growing a YouTube channel requires dedication and patience. With that being said, it does fetch you real money through various income streams.
How much money are we talking about here? Ryan Kaji, considered the highest-paid YouTuber for the past three years, is estimated to have added at least 29.5 million dollars to his fortune between June 2019 and June 2020. And here’s the interesting part: He was only 7 years old when he started reviewing toys on his channel!
The real secret to making YouTube videos is to create something educational and/or entertaining. If you have a skill set that can produce both, grab the bull by the horns and start creating YouTube content!
Everyone should consider freelancing because, why not? Well, to be clear, not everyone is cut out for it, but that’s up to you to decide. If you have a specific skill, such as writing, video editing, teaching languages, etc., you can market yourself through different freelancing platforms and find clients to pay for your services.
The key to success in freelancing is building a solid portfolio. That probably means you should first take on jobs that are middle-tier in nature, as that’s how you build your name. As soon as you develop a reputation, you can climb the ladder by reaching out and applying for jobs offered by top clients.
- Start a Podcast
A podcast can be video or purely audio, but there are several reasons why you should start one, with income being the foremost intention. Like YouTube, you can monetize podcasting through various income streams, primarily through advertising. For example, there may be companies willing to spend a thousand dollars if you’d include a short advertisement of their product at the beginning of each clip for a specific amount of time.
As inspiration, look at “The Joe Rogan Experience” podcast. Considered the highest-earning podcast right now, Joe Rogan Experience is said to top 70 million dollars in potential earnings! Of course, that’s not a realistic target for anyone, but if you could manage to earn five digits in a few months, you are not doing badly at all!
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