Money is essential for surviving in this world. Money has the capability to give us a comfortable life. But the basic need for money is for survival i.e. food, shelter, education, clothes, etc. Everyone in this world uses different methods to earn money. Do you want to earn money online? Here are the 7 different sources of earning money online.
Why money is important?
Everyone needs money for surviving because money can fulfill their needs.
Human needs are basically two types:
- Basic needs: Food, shelter, and cloth.
- Economic needs: Adequate nutritious food, good house, better healthcare, physical and financial security, and good education for children. Without money, these needs cannot be fulfilled.
7 Various sources for earning money online?
Nowadays there are various sources, different ideas, and different ways to earn money. Online source is one of them for making money.
- Provide Your Skills Online
- Blogging
- Build A Social Page
- Video Creating
- Make Online Courses
- Sell Your Own Product
- Affiliate Marketing
1. Providing skills online
If you have any skills then you can provide those skills online and earn money.
Skill is the ability to do something in a proper way. There are 2 types of skills:
- Hard skill
- Soft skill
What is a hard skill?
The skills you have learned or whose certificate you have obtained. You have learned it through a special course.
For example:
- Technical skills: Expertise and knowledge in any field like Information Technology (IT), Engineering, or Science.
- Computer skills: Knowledge about computers, MS Word, MS Excel, or other skills.
- Accounting skills: Knowledge about bookkeeping, billing, taxation, payroll processing, etc.
- Language skills: Translating one language to another, foreign language translating, etc.
- Design skills: Web design, Photoshop design, etc.
There are many such hard skills.
What is a Soft Skill?
The skills that you have naturally, you can do very well in that skill. Soft skills are the combination of many skills like social skills, communication skills, good character, good personality, good behavior, etc. Soft skills help hard skills to achieve the goal of a person.
Examples of Soft skills are:
- Thinking
- Dancing
- Singing
- Acting
- Leadership
- Creativity
- Motivating other people and many more.
You can provide all these skills online, and you can earn money from it. Websites like Freelancer, Upwork, and Fiverr will help you to earn money by providing your skills.
Or, you can teach people about the skills you have. To share those skills you can create videos and upload them on YouTube or you can write your skills on a Blog.
2. Blogging – Create a blog and share blog posts
Blogging is another popular way to generate money online. You can start a blog and write articles on any specific topic.
What is blogging?
Blogging means writing on a blog. What is a blog? A blog is a web page where a writer or a group of writers shares their thoughts, and opinions about a particular subject (niche).
There are many blogging platforms where you can start your blog. The blogging platforms are:
You have to invest some money to purchase the essential things that need for blogging. You just need a laptop, a blogging platform, a domain name, and a hosting provider.
What’s next?
You can start your blog for free on many publishing platforms like Medium, Tumblr, and Blogger. If you are hearing about blogging for the first time, then you need to start your blog with Blogger.com. Because:
- Google provides free hosting in it.
- You are new to the blogging world, So you need to learn about blogging.
- You have to learn first how to set up a blog, how to write a blog post, and how to create a page.
After getting the basic knowledge about blogging you can join in self-hosted blogging platform like WordPress. WordPress is the most used blogging platform in the world.
For earning money, you can show ads on your blog. Google Adsense provides the money-making opportunity to earn money by displaying ads on a blog. Google Adsense is a good and simplest way to generate money from your blog. Or you can generate affiliate income by recommending other brands’ products or services on your blog.
3. Build a social page
Nowadays, social media is in trend. You can generate income from social media platforms.
Let’s take Instagram as an example.
First, you need to create a page on Instagram and need to post here photos or videos. You can share dancing videos, singing videos, learning guides, product-related information, etc.
After posting some photos or videos, start bringing the audience to your page. As you grow your page reach, your page will become eligible to earn money.
There are many ways to generate money from Instagram. You can promote any brand or product. If someone buys that product through your page, you will get some commission. Also, you can promote someone’s page on your page and charge them your promotion cost. Just like Instagram, there are many social platforms such as Facebook, and Twitter.
4. Create Videos
There are a lot of platforms like YouTube, Facebook, Instagram, and Dailymotion where everyone shares videos. Now YouTube is the most famous video-sharing platform. It has more than 2 billion (200 Crore) users on the internet. Lots of YouTube creators making money from it.
There are lots of content ideas on which you can create videos and upload those videos on YouTube.
How to make money on YouTube?
You can make money from YouTube in different ways. The most used way to make money is advertising revenue. Advertising revenue means youtube will show ads over your video and you can make money.
Otherwise, you can also sell your own products on it. Or you can promote products of a brand on your YouTube channel and you will get a certain amount of commission from it.
5. Make online courses
If you are an expert in a particular subject then you can make some tutorials or courses and sell them online.
People are always trying to learn something new. If you are proficient in some subject, then you can teach people about that subject by making online courses. You can create courses such as:
- Digital marketing courses
- Test Preparation courses
- Soft skill training courses
- Music courses
- Public speaking courses
- Language learning courses
- Design courses
- Financial courses
Once you created your courses there are many online platforms you can sell your courses. The online platforms are Teachable and Udemy.
6. Create and sell your own product
Creating your own products or services and selling those online is the best way to generate income online.
If you are a good photographer, then you can sell your photos online through many photo-selling platforms. To sell your photos online, you can find many websites like Shutterstock, Alamy, Adobe Stock, Fotomoto, 500px, PhotoShelter, Getty Images, and Etsy.
If you are an expert in any subject then you can make e-books and sell them online. The best e-book selling platforms are Amazon, Google Books, Flipkart, and Scribd.
If you have any product you are selling in your area then you can sell your own product online and make money.
For Example:
If you are selling any products like T-shirts in your area then you can sell them online. You can sell it on Amazon, Facebook, and Instagram. If you are using WhatsApp Business then you can sell your own products through the WhatsApp business catalog.
More than 5 lakh businesses sell their products on Amazon. Different types of businesses sell different products on amazon.
Almost all types of products you can get from amazon. Amazon sells products like Electonic, Lifestyle, and fashion, Gaming, Beauty & Healthcare, Sports, Fitness, Kindle and E-books, Books, Movies and Shows, Gifts, and more.
7. Affiliate Marketing – Sell other merchants’ products
Affiliate marketing is the process where an affiliate earns commission by promoting other people’s or other company’s products. It’s another popular source to generate income. There are lots of brands and products available on the internet you can promote. To promote these products you must have a website or a social media page, or a YouTube channel.
The most popular affiliate marketing program in the world is Amazon Associates Programme. You can promote various products from amazon and earn a commission from it.
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