What is the Best Way to Earn Money Online at Home?
It is not difficult as it seems to be if you want to earn money online. In fact, there are thousands of opportunities out there for you to explore. One common way is earn money online writing.
But the truth is, unless you have some money to spare, real ways to earn money online are never easy.
In general, people who have less money to offer will trade time for money, commonly taking 9 to 5 job. Many find ways to quit their job, and opt to earn online passive income, starting part-time at home.
However like you, they faced problem finding legitimate and affordable way to start.
If you are one of them, I am going to tell you several of the more realistic ways to earn money online so you can save time searching.
And I only share legitimate ways that require real work.
But before you start, you need to understand that staying organized at home is the key to successfully make this happen.
And I am going to share with you just that, before I give you 10 best proven ways to earn money online.
Active income. Income for which services have been performed. It means you have to put in some effort and work in order to receive that income. You are actively exerting some energy and time towards that income. You are not hands-off.
Passive Income. Regular Income that you earn with little or no effort required to keep it coming. Most of the time, you are hands-off.
People who are serious to earn money online should set your goal towards achieving passive income.
Having said that, both passive and active income can (or should) run parallel too.
Active income can help you survive while you focus on passive income that can make you thrive.
As mentioned earlier, unless you have some money to spare, to earn passive income indeed needs lots of consistent work, dedication and patience.
Well, it takes time but definitely worth the effort if you are looking for long term passive income.
As promised, here are some realistic, legitimate and 10 best ways you can earn money online, either by trading your “time for money” or “money for money”.
1. Earn Money Online Writing
Writing is definitely one of the most popular ways to earn money online.
Freelance writers can easily earn up to 50 cents to a dollar per word. Some experienced writers can even earn twice or thrice than that!
If you’re not an experienced writer, expect to put some time in before you really start to see some real return.
There’s no doubt you can earn money online writing for others, but it’s a process.
Before you decide to approach freelance writing companies, you must first build up your profile. This can be done with a dedicated blog (which you can build one for free here) or you can create a profile on LinkedIn, which many are doing.
Once you have your online portfolio, here are 10 websites you can start with.
Listverse. For each accepted post, Listverse pays $100. The article must be 1,500 words or more and include at least 10 lists. Content is based on a list of things.
International Living. For each accepted post, International Living pays $75. They focus content about travel experiences from countries you have visited. Your writing ability is secondary as they are looking for writers with excellent content.
TopTenz. For each accepted post, TopTenz pays $50. Same like Listverse, article has to be in a list format and it must be at least 1,500 words. TopTenz posts very frequently so your articles have good chances of getting accepted. However, they are currently putting on hold this freelance writing and instead use in-house writers.
A List Apart. For each accepted post, A List Apart pays $200. You might have smaller chance of getting accepted as they seem to publish less articles. 1,500 word is the minimum.
Matador Network. For each accepted post, Matador Network pays a maximum of $60. However, standard pay is around $20-$25. Rather than focusing on minimum word count, you cannot exceed a maximum of 1,500 words.
FundsforWriters. For each accepted post, FundsforWriters pays $50. Unlike others, they only accept articles between 500-600 words. You need to make sure each word counts. They look for articles about writing and ways to earn money with it.
Uxbooth. For each accepted post, Uxbooth pays $100. They can take four to eight weeks to accept and post articles. The reason they take so long is because they only publish amazing content.
iWriter. For each accepted post, iWriter pays up to $15. Small pay, but they are less stricter than many others. You pick the topic that you want to write. Is up to you to write as many or as few articles as you want.
Textbroker. If you are a 5-star writer, Textbroker pays from 1.3 up to 7.2 cents per word. Is a great place to start writing with Textbroker if you are new. I’ve written a review about Textbroker based on the experience my friend Jack had with them.
The Penny Hoarder. This is one has a unique business model. The amount paid by Penny Hoarder depends upon number of page views your article receive. Under very rare circumstances, it can pay up to $800 per article. Starting pay for 50,000 page views is $100. Despite it isn’t a guaranteed paid article, it can potentially be highly rewarding if your article gain popularity.
2. Invest in Peer-to-Peer Lending
Investment in Peer-to-Peer Lending (or P2P lending) is one way to earn money quicker (with risk) when you have some money to offer.
P2P lending allows you to lend money directly to borrowers without going through a bank or lending institution.
P2P lend to smaller companies who have the potential to grow but can’t meet the high requirement of banks for loans.
To start investing in P2P lending, you only need to open an account with your chosen platform, deposit funds and then begin to review potential borrowers.
However, there is risk associated with this type of investment and high default rate is observed in China.
Each P2P lending site is different and have individual criteria to start. The required minimum investment varies by platform (can be as little as $25).
Prosper Marketplace. Founded in 2005, Prosper Marketplace offers the first ever P2P lending in U.S. Loan funded totalled $12 billion with 810,000 members. Loan amount starts from $2,000 to a maximum of $40,000 with 3 or 5 years term. Annual Percentage Rates (APR) ranges from 5.99% to 36% per annum. Minimum investment is $25. Prosper Marketplace charges investors at a rate of 1% on current outstanding loan as annual fee.
Lending Club.Founded in 2007, Lending Club is the world’s largest P2P lending. Loan funded totalled $20 billion. Loan amount started from $1000 to $35000 (for individuals) and $15,000 to $300,000 (for businesses) with 3 to 5 years term. APR started from 5.99% to less than 30%. Investors must deposit $1,000 in order to start investing on Lending Club. Lending Club charges investors at a rate of 1% of the amount of borrower payments received.
Peerform.Founded in 2010 by Wall Street executives, Peerform is another popular lending marketplace. This platform offers loan in the range of $4,000 to $25,000 over a 3-year period. Its APR falls in the range of 7.12% to 29.99%. Unlike other P2P, in order to invest on Peerform, you must be an accredited investor as defined by Securities and Exchange Commission. Peerform charges an average of 1% fee of the amount invested where fee varies individually.
Upstart. Founded in 2014 by a bunch of ex-Googlers, Upstart has the lowest default rates across the industry. It targets young professionals with over 90% borrowers are small businesses and college graduates. It offers loans in the range of $3,000 and $35,000 for fixed periods of 3 to 5 years. APR ranges between 4% and 26%. Minimum investment is $100. The way Upstart operates differs in many ways from other P2P lenders. The company makes its money solely on origination fees from the borrower which can be as high as 8% (highest in the P2P lending industry). Upstart will refund the investors using the origination fee if a loan defaults. This means if loans go bad, Upstart loses.
3. Invest in Cryptocurrency
Cyytocurrency is one investment everyone is talking about. Some invested and lost a lot, some others became rich overnight.
Created with the revolutionary blockchain technology, I believe cryptocurrency is the money of the future worth investing.
If you decide to make money with cryptocurrencies, you must be aware of market conditions.
When a coin drops in value, you might have to wait until it rises again to sell — or if a coin can’t sustain with low market demand, then your losses are permanent.
Make sure you understand the risks before you start. There are different ways to make money with cryptocurrencies, and we’ll look at three of them:
Trade Cryptocurrency. The straight forward investment is to buy coin, wait for the price to appreciate then sell to make a profit. Just like trading stocks, there are different exchanges of cryptocurrencies that allow you to buy or trade coins. One of the most popular exchanges is Coinbase. If you have no prior experience in cryptocurrency, Coinbase is one of the best ways to get started, thanks to its clean interface. Some other exchanges are mentioned in Forbes.
Dividend. There are a few cryptocurrencies that offer annual ‘dividends’ ranging from between 5 to 10%. Dividends will be paid to the investor in the form of cryptocurrency. You might be thinking that 10% is on par with stock market returns, but don’t forget crypto dividends are compounded by any future growth of the base currency which can be pretty fast to appreciate. Some projects providing “cryto dividends” or passive income areARK, NEO, Vechain, PIVX and Stellar.
Mine Your Own Cryptocurrency Coins. Finally, it’s possible to mine your own cryptocurrency coins. Mining is the process of creating coins, by running a computer, or most of the time a special device, that makes calculations. Today, with so many miners working with their rigs, it can be difficult if you want to make money with cryptocurrencies through mining. You need powerful graphic card and it can be quite expensive. Today you can mine cryptocurrencies such as Bitcoin, Ethereum, Litecoin or Zcash.
4. Freelance with Existing Websites
Freelance with existing websites is one way you can immediately make money online.
Most require you to offer service or skill to get paid.
Some frequently provided services are graphic design, social media maintenance, photography and web development.
You can choose to earn passive or active income, depending on how quick you want to get paid.
Upwork. This website is a great marketplace for selling any professional service ranging from web & content development, graphic design, SEO, managing social media, etc. You don't need a merchant account, website of your own or anything else to start. However, high-quality service at a reasonable price is important to land you a job because only the best will win the bid. You will have to compete with others for open jobs.
Cafe Press.This website is most suitable for people with creative skills. It allows you to create digital designs that can then be sold on the site. Buyers will select design to be printed on premium items that they want Café Press to produce. For everything that is sold with your design, you will earn a commission. This is like a passive income in the form of royalty. You never have to deal with printing, warehousing or customer service as Café Press will take care for you. Another Chicago-based site similar to Café Press is Threadless.
Fiverr. Started in 2010, Israeli-based Fiverr is a great resource for selling just about any service online. Gigs are offered as low as $5 but you can also get paid much more for add-ons. Despite starting amount per gig is small, there are still many freelancers earning 6 figures income on Fiverr. If you can provide serious value, it’s indeed worthwhile for generating a healthy income.
Mechanical Turk. Amazon's Mechanical Turk, commonly refers to as HITs, is a resource for doing human-intelligence tasks. With given small fee for any HIT, you'll need to provide volume to make a substantial amount of money. Is best to use in your spare time to generate a small income online.
Flippa. It is a site where you buy and sell websites for a profit. You could easily make a substantial income by flipping income-generating websites. For example, when you buy website with sizeable traffic, you can promote affiliate products of the same niche. Some web developers will buy online and sell the website offline to their clients at a profit.
Shutterstock and iStockPhoto. For photographers out there. Why not sell photos on some of the leading photography sites. You might need some design software skills to tag along. But if you do have skill in this area, you can earn passive income by collecting royalty.
Craigslist. This site has been a good resource for over a decade now for people that are looking to make a little extra money online. You can easily sell your used stuff, rent out a spare, and offer up your services to your specified community. There is no need for you to open an account to post, however functions are limited. Each post has limited lifespan.
5. Work At Home for Companies
Work at home is the trend now. Many companies will hire you to work from the comfort of your own home.
If you are still comfortable working for others, but want more flexibility that allows you to work anywhere you want, here are a few companies that will let you do just that. (most are eligible for U.S. residents)
SpeakWrite. SpeakWrite is an online transcription company that serves over 65,000 legal, government, law enforcement and private businesses. Fast typists can earn up to $3,000 per month. SpeakWrite pays you up to $15/hour to transcribe information. You set your own working hours, work from home at the same time make great money too.
CrowdSource. There are many types of jobs offered by CrowdSource ranging from microtask jobs to larger writing and editing jobs. Workers can choose from a catalog of tasks and work on their own schedule. You decide how much work you want to take on and most can be done right at your computer.
Fast Chart. Fast Chart allows you to work from home as a medical transcriptionist. You need to listen to voice recordings of physicians and other healthcare workers make, then convert them into written reports. There are some qualifications listed on its page, but if you meet them, you’ll make competitive pay for the industry. Similarly, you can set your own schedule since you’ll be working from home.
Leapforce. All Leapforce “At Home” independent agents have the flexibility to schedule own hours to fit preferred lifestyle. Agents provide services to conduct search engine evaluation for Leapforce’s clients. To quality as agent, you are required to pass 3 tests to assess your comprehension of search engine evaluation (only one test retake allowed). Once hired, you make decent money (usually over $11/hour).
Liveops. Unlike other call centres, this is one that allows you to work from home. Once your set up to take the calls, you can begin making a weekly schedule working at home. According to their stats, you can earn $200 for 20 hours work a week, close to $10/hour. Of course, you can earn more with commissions.
Demand Studios. Owned by the public-listed Demand Media, Demand Studios hires all kinds of creative professionals, from writer to filmmakers. The pay isn’t amazing because content creation for Demand Studio is not really making money. However it is competitive for a work-at-home job.
6. Sell Own Products or Services Online
Sell own products is one of the quickest ways to start earning money online.
You can sell used items or products like apparels, crafts, health food, services or anything you are passionate about.
Many e-commerce sites like Wish, eBay and Etsy are powerful sales and marketing platforms with millions of regular shoppers.
It is easy to setup online store in these sites for customers to browse your products. When you leverage on them, you avoid high expenses and hassle of setting up own eCommerce website.
Other than these, you can also sell on Facebook.
But if you prefer to build your personal online store for whatever reason, Shopify will be a better choice.
Otherwise, if you are selling consulting or own services, a blog will be more appropriate.
Shopify Ecommerce. An all-inclusive online selling platform with 1,000,000 active users and 100 international payment gateways to choose from. You could opt to create a Shopify store or install WooCommerce as a plugin to run your ecommerce store from your blog. It is easy to create and customize your online store. Charges monthly subscription starting from $29 per month with 14-days free trial. You can also integrate Amazon, Rakuten and other marketplaces to handle your products for you.
eBay. A pioneer in eCommerce where everyone in the industry would have heard of. This vibrant worldwide marketplace has millions of potential buyers and is still a very popular platform to earn money online. No listing fee to list up to 50 items a month, and 30 cents a listing if you go beyond that. Seller only pay 10% final value fee of each sale made. However competition is intense in eBay.
Etsy. Sell on Etsy if you like to create arts and craft. It’s free to open an Etsy store. Just sign up, post pictures of your creation, and start selling to 33 million buyers around the world. Listing fee is USD$0.20 per item and they take 5% of every sale you make. Etsy will be launching full set of advanced tools in 2019. Another similar site is Zazzle.
Facebook. Facebook swap shops (setup in Facebook group) are great for selling things locally. Just search for swap shops in your area and request to join the group. Once you’re in, take a picture of the item, write a quick description with the price and post in the group. Another option is to sell at Facebook Marketplace. However many people are complaining that the “marketplace icon” is not showing up on their phone and desktop. Another alternative is to sell of Instagram. Here is how you can become Instagram influcncer and earn money online.
Wish.Being the 6th largest eCommerce company in the world, it has more than 300 million users from all over the world. Wish app is reported as the most downloaded shopping app globally. You can create free store and only pay when a sale is made. Should you want to sell local, Wish provide a marketplace called Wish Local. Customers of Wish is very price sensitive and in order to compete you might need to focus on quantity.
There are just too many marketplaces in the world. Some notable ones in Asia include Tmall, Taobao, AliExpress, Lazada (all 4 owned by Alibaba) and Flipkart from India. For more eCommerce marketplaces, visit here.
Online consulting or coaching. You can create webinar or podcast to sell your consulting and coaching products. You'll still need to build your website, setup merchant account, sales funnel, lead magnet and many other items to build your site traffic. It needs arduous setup but you can easily earn a substantial amount of money from each individual customer and it is definitely worth the effort.
Amazon Associates. Amazon Associates needs no introduction. It allows you access to over a million products and offer to your customers. The commission payouts start from as low as 2.5% up to 9% on certain items. Compared to other affiliate networks, the low commission structure is a major drawback. But it does not deter many from selling on Amazon. Most products sold on Amazon are physical goods, therefore opportunity to generate recurring monthly income is almost none. Amazon Associates is easy to use, so suitable for beginners. However its payment cycle of 60 days is longer than most affiliate networks.
ShareASale. ShareASale has been in business for 15 years, exclusively as an affiliate marketing network. Their platform technology and reputation as a fair and honest business is well known within the industry. ShareASale makes it easy for you to evaluate products you want to promote. The major drawback is its cluttered reporting dashboard which is difficult to navigate.
ClickBank. Clickbank is one of the largest online affiliate network selling digital information products. With over 17 years of establishment, ClickBank has a vast library of over 6 million unique products reaching out to 200 million customers globally. Major drawback of this affiliate network is its 60 day refund policy causing affiliates to lose out commission when customers ask for a refund. To get paid, you need to meet its minimum sales value which is challenging for beginners.
Rakuten LinkShare. Rakuten LinkShare ranks among the top three e-commerce companies in the world with more than 18 million customers and over 90,000 products from 38,500 merchants. It is one unique affiliate network that allow ads rotation and deep linking to individual merchant landing page. However it only pays affiliates once commission is paid by its partner.
CJ Affiliate by Conversant. Formerly known as Commission Junction, CJ Affiliate by Conversant reaches millions of consumers shopping online through their affiliate marketing network. Nearly major retailers have the affiliate program with CJ that makes it almost a one-stop centre for affiliate marketers. This network provides easy to compare offers and neat segmentation. However, its comprehensive reporting requires steep learning and might be too complicated for beginners. Customer support is limited owing to its large network.
8. Promote Products Through Email
Email marketing is a simple and proven strategy to promote your product.
Not only does this method attracts new customers, it also helps to maintain customer’s relationships.
To monetize email marketing, here’s the process for you to follow:
Send regular value-added emails to that list to build trust
Once you have a sizeable list that regularly opens your emails, then you can monetize in many ways such as promoting affiliate products, own products or subscriptions.
Here are a few email marketing service providers for you to choose from.
AWeber. Despite not the best product of its kind, it is still a solid email marketing tool. Suitable to help small businesses automate email follow up and newsletter delivery for increased customer retention and sales. It provides 30-days free trial, thereafter priced with starting plan at $19 per month and 24/7 support. But if you’re looking to grow with more automation, then you might want to look elsewhere.
MailChimp. If you're a small business looking to start a robust email marketing campaign, then you should try MailChimp. Its lowest subscription plan begins with as little as $10 per month. However, pricing plans can be confusing and reports don't automatically refresh. It is affordable for small businesses and includes a free plan.
GetResponse. An effective email marketing platform that you can start with a 30-day free trial. There is no free plan and priced at minimum of $15 per month. Templates design could be improved. It has a solid feature set and a wealth of integrations. Strong email tracking features and powerful third-party integrations.
HubSpot. This is the king of marketing automation. It is extremely popular, yet massively over-priced (starting price at $200/month) marketing automation tool aimed at small businesses. It aims to become a one-stop shop for all your customer outreach. With easy workflow creation, nice set of pre-built workflows, it works smoothly with related CRM and sales tools. Could use deeper search and SEO-based marketing utilities. HubSpot is not merely an email marketing tool but offers more than that. To understand the real benefits of HubSpot, one can only do so by signing up to become its user. One strong competitor is InfusionSoft with starting price at #199/month.
9. Self-Publish a Book and Sell Online (become an Author)
Self-publish a book should be the ultimate goal of all writers.
On average, it takes around 100 to 200 hours to write a 160 pages book. This does not include time for formatting, editing and promoting the launch.
Figuring out where to get help for self-publishing can shorten your process, so you can focus to promote and monetize your book.
Some effective ways to monetize your book includes selling on marketplaces, promote through your list, get paid as speaker or use your book as a way to persuade people to buy other products or services (a process called a sales funnel).
Here are some self-publishing companies that can help you self-publish and launch the book.
Amazon Kindle Direct Publishing (KDP) Amazon’s KDP is one of the free self-publishing tool you can use to publish your book online. It’s simple to use and you can start selling your eBooks on Amazon right away once published. It only takes about five minutes for KDP to publish your book, making it available on Kindle stores within 24 to 48 hours. You can offer your ebook for free on your website, or you can offer extended preview reads. KDP is a non-exclusive self-publishing platform and you are free to promote your book on other platform such as Kobo, Barnes & Noble or any other store that you want. However if you publish using KDP Select, then you can only offer your book for free up to 5 days or discount up to 7 days in Amazon. It is exclusive to Amazon and you are not allowed to sell your books elsewhere. Of course, the benefits of using KDP Select outweight KDP which can be explained here.
Kobo Writing Life. Kobo claims itself as the world’s largest e-bookstore covering across 190 countries with over 4 million titles. When you published through Kobo, you are offered royalties from 45% up to 70% of the list price on you book. Authors can choose to offer their e-books for free as part of its sales funnel. Kobo doesn’t require exclusivity, therefore you are free to publish elsewhere to maximize your earnings. It is either you wait until you earn $100 or wait for six months to receive a payment. Payment can be received 45 days after the end of the month in which you earned it. With Kobo Writing Life 5-steps process to self-publishing, you’re in charge. You own your rights, set your prices, and run your own promotions.
Blurb Bookstore. Blurb places emphasis on print edition, but also offer fixed format e-books, selling through its Blurb Bookstore and Apple’s iBookstore. There are various templates housed on the site to help you get started. You do not need to have any design skill at all. It charges a one-time e-Book publishing fee of $9.99. Despite paying 80% royalty of list price, Blurb will deduct 30% as Apple fee when your eBook is sold on Apple’s iBookstore. You can choose to sell your creations through Blurb, Amazon, Ingram, or Apple iBooks or pre-sell some books through Kickstarter.
Smashwords. This is one of the largest distributors of e-book from indie authors. It allows you to publish and distribute your eBooks to several online retailers, like Kobo, Scribd, iBookstore, and Nook (Barnes & Noble), including tracking your sales from single dashboard. Creation and publishing are free where you only pay when your books sell. Should you sell on other retail sites, you will earn 60% royalty of your list price. But when you sell directly on Smashwords, you earn up to 80%! You even get a free ISBN, author profile page, unlimited updates to your books, eBook conversion, marketing tools, and more.
Draft2Digital. Draft2Digital offers self-publishing services while supporting authors through the process. You keep all the rights to your book, but will have assistance with formatting, publishing, and then distributing your book. The site offers tracking tools to help you track your sales and profits. This company doesn’t charge anything to format and distribute your book. You only get fees taken out when your book sells. Draft2Digital will take a 10% cut of the price you list your book for. You’ll get paid via PayPal, Payoneer, direct deposit, or check once per month.
iUniverse. If you have some money to spare, there are various tools and services provided by iUniverse for authors who want to publish their books, particular in print form. From editing and evaluation to design and distribution, iUniverse does it at a high fee. Its publishing packages ranges from $999 to $5,499 that includes cover designing, book distribution, ISBN assignment, and more, depending on the package that you select. Editing is not included in all packages but it can be expensive. With iUniverse, they do everything for you. They distribute your book, set maximum price, collect royalties for you, they pay them at a net of 50% every quarter, etc. Regardless, there’s also a free publishing guide that you can read to help you get started.
Notion Press. If you want less hassle in publishing a book, Notion Press might be a good choice. Started in Chennai, India, Notion Press claims itself as Asia's No.1 Publishing Platform, published for over 2,000 authors and sold books to more than 100 countries. It offers DIY publishing for free and guided publishing (with dedicated publishing manager) at a fee ranging from $399 to $2,499. However its pricing and product strategies differ from country to country. Guided publishing includes services such as cover book design, publishing, printing, distribution and marketing services that are essential to make your book a success. There are multiple add-on services that you have to pay on top of the initial package that you paid for. Author’s profit range from 70% to 100% depending on the package that you choose. There is a 30 day money back guarantee.
My Best Way to Earn Money Online
In any business, there’s definitely investment involved. It is either you invest more time or money to start.
Here I am going to share with you my best proven way to earn money online with least investment.
It has helped many beginners quit their 9-5 jobs to start living a real life. There is literally Zero Paid Advertisement involved.
This method will not only save you money but also earn you passive income so you can spend more time with your family and do things that you like. (require hard work & effort)
Blogging is definitely my best wayto earn money online. It takes time to build a traffic loaded blog but definitely can give you the passive income that you wanted so much.
As long as you find a profitable niche, pick the right domain, consistently publish engaging content on your blog, and promote offers that your audience will buy, then you are on the right track towards earning decent amount of passive income.
If you are serious about earning money online, starting a blog is the best I can recommend.
As a beginner, you need something that’s not going to cost you a leg and an arm but still, you need to start somewhere.
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