Best Ways to Earn an Online Income in 2018
There are actually many ways to earn an online income, some that are highly sophisticated and require a lot of experience in internet marketing and SEO, and others that are quite simple and can be followed by anyone. Without further ado, let’s take a quick look at some of the best ways to earn an online income in 2018.
#1: Be a part of the sharing economy.
The sharing economy is represented by a variety of apps that allow you to earn money by sharing a ride, offering an extra room to someone, dog walking, running errands, etc.
Uber and Lyft are hugely popular ride sharing apps that allow you to earn an income by working part-time as a cab driver. If you have a car, you can monetize it by finding paying customers on Uber or Lyft.
AirBnb is a hugely popular app that allows you to monetize your house by offering an extra room or two for rent. Task Rabbit is another app where you can make money by running errands for paying customers, which could be anything from cleaning a garage or painting the living room.
#2: Make use of existing platforms.
There are so many popular online platforms that allow you to make money off them, either by selling a product or by offering freelancing services.
Craigslist is a site where you can sell your old used stuff, or offer your services to those who might be interested in them.
Fiverr is a freelancing platform where you can get hired by clients around the world for whatever you are good at, whether it is writing, singing, poetry, voiceovers, programming or web design.
Another good platform is Café Press, if you have great graphic design skills.
Flippa is a good website for selling secondhand electronics.
Of course, eBay and Amazon require no introduction. You probably have a lot of experience buying from these sites; now you can try your hand as an Amazon seller or eBay seller as well.
Do you have great photography skills? You can make money by selling stock photographs on sites such as Shutterstock and iStockPhoto.
#3: Start your own online store.
You can start your own online store for very little cost with ecommerce software such as Shopify and WooCommerce. Setting up a basic ecommerce store is easy with Shopify and WooCommerce, and you don’t need any great technical skills to do that.
The hard part is to know what to sell, branding and marketing, and of course, SEO. This takes more time. Also, you will have to reckon with the elephant in the room that is Amazon. Focus on a small product niche which has been ignored by Amazon. Don’t compete with Amazon.
#4: Affiliate marketing and Blogging.
Affiliate marketing is one of the oldest ways of making money online and still is very effective. You can make money as an affiliate by promoting products and services of other businesses on your website or blog.
You can source products from affiliate networks such as Amazon Affiliates, ClickBank, Impact Radius and Rakuten Marketing and earn a commission on every sale.
You can double up your income from affiliate marketing by monetizing your blog with Google AdSense. Millions of people have been making money from blogging since 2002, ever since Google allows them to monetize their blogs.