7 Concrete Ways To Make Money Online 2020 - 10 minutes read
Everyone knows that the internet has brought many good things with them over the past decades. Today, it is easier than ever to share information, stay in touch with friends and entertain, all with the help of the Internet.
However, many have never thought of the Internet as a source of income. When I started researching a bit about this, it soon felt like a world of opportunities opened up for me.
Today, it is quite possible to earn a normal income and more, by utilizing the internet as a labor market. Here are 7 ways to make money online, some require some prior knowledge, others require nothing more than your time and dedication.
In addition, I have thrown in a bonus tip at the end for you who are going this far.
Nowadays, there are many companies that offer work through freelance assignments. I think primarily about companies like the APP, LionBridge and Leapforce. These jobs usually involve data analytics such as search engine optimization and ad content optimization.
These jobs can be a good gateway for those who want to take a first step into the gig economy. The companies usually offer part-time work of up to 20 hours a week, so they are optimal for you who may already have a job or another source of income.
The jobs usually do not require any special prerequisites, however, prior to hiring a knowledge test that can be seen as challenging as they are divided into several parts and usually takes several days to get through.
It is worth noting that these jobs require that you be able to present a register extract for F-tax after employment. One must therefore register an individual company in order to work for these companies on a freelance basis. This is something that will come back in this article and a topic that is so comprehensive that I will delve deeper into the topic in my own post in the future. Worth mentioning here, however, is that the VAT (usually 25%) that entrepreneurs pay in Sweden does not apply to services rendered to companies abroad. Thus, it may be a good idea to target companies (such as those described above) who are outside of Sweden at the beginning of your freelance life to maximize what you get out of your invested time.
2. Become a translator
There are a plethora of companies offering freelance jobs such as translators, interpreters, transcribers and work on creating subtitles for video. Sites like Rev.com, transcribeme.com and sciba.ee . If you have easy language and are good at writing then this can be a perfect job for you.
Worth noting, though, is that these jobs usually pay per minute or hour of material transcribed or translated. This means that you need to be relatively quick to write in order for it to be worthwhile, and of course it is also a requirement that you speak and write English fluently.
If you have experience in the industry or know with you that you have a knack for writing fast then this is probably an interesting job. I read somewhere while compiling this article that one should be able to write 80 words per minute to find success in this type of work. When I tested myself on typingtest.com, I managed to put together relatively brisk 36 words in one minute.
3. Start a blog and make money on affiliate marketing
Everyone has something to convey, everyone has some passion or something they are good at and the best thing that the internet has brought with them is that for every person who wants to convey their knowledge and passion there are thousands of potential readers.
Why not take advantage of this fact and write about your interest? Then you get to do something fun and can at the same time make money from it by using affiliate marketing.
Affiliate marketing is one of the best ways to earn a passive income on the internet today. Basically, it means a form of advertising where the content creator (you) chooses advertisers to partner with and products to advertise. This gives you a great opportunity to target your ads to your target audience. When a product is sold to someone who clicked on your ad link, you get a commission on the sale.
This is not something you will make money on directly, but it will take some time to build up a reader base and own brand on the internet, but once you are there the money will continue to roll in even if you take a week off. That's the nice thing about passive income.
Are you a fan of programming? Then you really have the prerequisite to live as a freelancer / self-employed person. Sites like Jobspresso list lots of online jobs and assignments for programmers and many modern companies like X-team only hire teleworkers. Here are good chances to earn good both in terms of money and leisure.
Alternatively, you can go the "app path", develop an app and hope for the best. If you have a good and unique idea then this can be a path to incredible wealth. However, it is important to realize that the times when it was enough to have a good app are long over. Nowadays, companies spend millions on marketing apps before they are even released. Getting high in search results has become almost impossible unless you have either something really unique or a considerable budget to spend on reaching out with your app.
5. Take your idea to Kickstarter
Everyone at this point has probably heard about Kickstarter, the service that democratizes fundraising so that anyone now has more opportunity to follow their dream of creating something completely new. The best part about the site is that it makes the whole process relatively risk-free for you. Whether you want to publish a book, build a game, or create your own clothing (or really anything), you can test the feasibility by posting your pitch on Kickstarter and seeing if people are napping.
Important to keep in mind is that you must have budgeted for your idea properly before you even start thinking about presenting it. You must be sure that your costs are covered and that you can also live on budgeted money during the project period.
6. Sell your product
Are you a creative soul? Maybe a fine on creating your own products?
Jewelry, art, fine art, anything you can create can be your business online. Today there are several e-commerce platforms where you can join a fully functioning online store in about a weekend. Examples of platforms are Shopify and WooCommerce.
I myself created a fully functional web shop with Shopify. It is striking how easy it is to build an e-store that looks very professional and also has all the desirable functionality built in such as credit card management, discount code management and dynamic pricing of your goods. Running a professional online store has thus become the easy part of selling their goods.
7. Sell other people's products with drop shipping
You've probably heard of Drop Shipping. This type of sale means that you as an e-merchant sell goods that are actually stocked and sold directly by manufacturers and wholesalers.
Example: You run an online store, a customer makes a purchase from your site, you pass on the order to your dropshipper (wholesaler), the dropshipper sends the goods to the customer, you get paid at a higher price by the customer and in turn you pay a lower price. to your dropshipper.
The advantage of this way of selling is that you do not need to have any stock with all the costs this entails.
When I started researching about drop-shipping, I thought it all seemed a bit complicated. Where should I find a dropshipper that sells the goods I want to sell, should one establish contact with their dropshipper? I made it harder than it needs to be.
My own online store sells dog accessories to the US market. This may sound advanced but couldn't be easier really. I simply set up a shop with Shopify and connected (through a one-click process) in the Oberio app .
Oberio lets you, as the store owner, search the Chinese page AliExpress for items to add to your own page. You decide on price, choose what information will appear on your page and import the item to your page in a few clicks. The product is then placed at your own online store and when the customer buys the item the order automatically goes to the supplier and the item is sent. You decide for yourself the merit of each product, my goods are sold for between 250% and 400% of the price I pay to the supplier.
I would say that the hardest thing about this type of business is reaching out to customers, I definitely recommend drop-shipping.
Bonus: Invest on the stock exchange
Anyone can become a millionaire, the only thing needed is a little money and a lot of patience. Investing their money is nothing new, nor can it be said that you have to do something online, although the new online brokers have greatly simplified the process. However, it should still be included as a phenomenal way to make money as the threshold is so low that really anyone can do this.
If you start saving money today, save SEK 1500 a month and reach a (relatively modest) return of an average of 6% per year. Then you are a millionaire in just exactly 25 years. Most amazing of all is that after these 25 years, more than half of all the money comes from the interest rate and not from the money you have actively saved. This means that you will have saved just under half a million (SEK 450,000 to be exact), the remaining money is as a gift for your patience.
The worst thing about saving in this way is that, at first, an uncanny self-restraint is required to leave the money alone. However, this problem is transient as it usually feels more and more fun to save the more money you get.
Throwing out on the stock exchange without prior knowledge is a way to learn a lot. But if you do this, you can expect to lose some money in the beginning. My advice is that you should form something before you enter the stock market. Read a book or blog that specializes in this. My second piece of advice (if you choose to skip my first one) is to get a free index fund, which is available at both the major online brokers Nordnet and Avanza. Saving in index funds is pretty passive and boring. However, index funds are among the safest you can invest in on the stock exchange as these funds are constantly weighted so that they contain the largest companies on the stock exchange in the right ratio to reflect stock market developments in general.
You can always lose money on the stock exchange, the stock market crashes every now and then. However, such fluctuations are counteracted by the fact that you keep saving the same amount throughout the saving time. Then you buy stocks (or funds) both when they are expensive and cheap.
I'll show you a few ways how to make money online with affiliate marketing and also if you are interested I can show you a method I found that has free training to make $500 to $1000 daily just watch this FREE TRAINING VIDEO to learn more.