Many people dream of making full time money online but few actually manage to do it. Whether it’s for a rainy day, financial freedom or a major purchase, there is nothing wrong in looking for new income streams.
In this article, I have combined a list of proven ways and tips and tricks for you to make full time money online.
Before i begin with my list, let me make one thing clear:
I do not believe in easy money and there are no magical tips in this post that will help you get rich overnight. So if you are looking for easy money then this article is not for you.
Having said that,let’s begin :).
A new blog is created every half second and over 5 million blog posts are written every day. With numbers like this you might get discouraged to start a blog, but trust me there is still alot of room for new bloggers to grow and make money. Blogs can be a great way to express yourself, meet new people who share the interests as you, and become more knowledgeable about any topic you want.
Thousands of people make six-figure income every month and many more earn a full time income with blogging. Each month 329 million people read blogs, the desire to learn and find new things drives people to read the blogs.
The amazing thing about blogging is that you can earn money from wide variety of income streams. There are many ways you can earn money through a blog such as advertisements, affiliate marketing, selling your own products, sponsored posts etc.
If you want to learn how to start your own blog in 15 minutes and start earning money, CLICK HERE.
Tip: A lot of people approach blogging as a get rich quick scheme and give up after few months of trying, in reality it takes time for your blog to grow, you need to be passionate, dedicated and consistent to earn full time income from blogging. Remember if it was easy and fast, everyone would be doing it.
For many people, YouTube is a site where they spend most of their day watching funny videos, product reviews, music or video games. For others, it’s a way to make money.
The YouTube myth goes something like this: Upload videos, attract viewers and then generate money from the ad revenue. However, becoming a successful YouTuber takes alot of hardwork, dedication and a bit of luck. If you are an avid video creator and are willing to put in effort, you can make good income from YouTube.
Until few years ago, most people made their primary YouTube income from google AdSense, but today there are many options. You can obviously still make money through AdSense but unless you are getting millions of views every month, you probably won’t make a liveable income from AdSense alone.
Some other ways you can make money on YouTube:
- Making videos available on YouTube Red(YouTube’s ad-free subscription service).
- Enabling Superchat which let’s viewers pay to highlight their messages during a livestream(you will need 1000 subscribers to enable this option).
- Sponsored videos.
- Affiliate marketing.
- Selling products or services to viewers.
- Crowdfunding with sites like Kickstarter,GoFundMe, Patreon etc.
If you have good writing skills, you can make full time income by becoming a freelance writer. According to payscale.com, a freelance writer earns an average wage of $24.70 per hour. Ofcourse this number can vary depending on how much experience and knowledge you have, some of the top freelance writers charge as much as $250 per hour.
The key to getting started in freelance writing is knowing which jobs to look for, where to find them, and how to get them. I have listed some trusted websites below where you can find freelance jobs.
My personal favorite is Upwork. You can find work on Upwork for almost anything, whether it be programming,building a website,SEO or writing a blog post.
Simply put, Affiliate marketing is an advertising model where you as a publisher get rewarded for promoting or advertising a company’s product or service.
Affiliate marketing is a billion dollar industry and is expected to grow to an estimated $6.8 billion by 2020.
Affiliate marketing is probably one of the quickest and cheapest (not the easiest) ways to start making money online as you don’t have to create any products yourself. You simply link up a buyer and a seller, and you take a commission on the sale that has been referred by you.
The best way to make money through affiliate marketing is through a blog or website where you can promote products via affiliate links. You can also promote products through social media or email list but some affiliate companies have rules against direct affiliate promotion, so make sure to read the terms and conditions for participation.
Some of the popular affiliate programs are listed below:
5) Sell Products on Amazon
If you want to start a home-based online business, selling products on Amazon is one of the best ways to start a business online and earn money.
You can sell your own products (used or new) or resell products that you have sourced from a supplier on amazon. Amazon even has a program called fulfillment by amazon(FBA), where amazon handles all the storage, sales, shipping and customer support related operations for you for a small fee.
Depending on how much you are willing to invest, you can make anywhere from few bucks up to 6 figures profit a month.
Twitch originally started as a game streaming service but today you can find many non-gaming streams on twitch. It is safe to say, Streaming video content online is quickly becoming the most accessible way to consume entertainment.
Recently twitch introduced a new category called IRL, where broadcasters can stream themselves doing wide variety of things such as cooking, painting, vlogging, eating etc .
Twitch has more than 10 million daily active users and many people make full time income by streaming on twitch everyday. There are many ways you can make money on twitch, i have listed them below:
- Ad Revenue- If ad revenue is generated from your streams, you earn a percentage of it.
- Channel Subscription- Twitch has a subscription model, where people can subscribe to a channel they like for $4.99 a month and the broadcaster receives a percentage of that every month. In return, the subscribers receive some perks, like custom emoticons and badges, access to special chats, and unrestricted access to video archives. CNBC has reported that professional streamers on Twitch who play for 40 hours a week take in between $3,000 to $5,000 a month – from their subscriptions alone.
- Donations- Viewers can donate money to broadcasters if they like the stream. Many streamers make a full time income from just donations alone.
- Affiliate income- Similar to Blogs and YouTube, you can make affiliate income by recommending products to your viewers through affiliate links.
7) Become a Virtual Assistant
If you don’t know what a virtual assistant is – A virtual assistant (VA) is a person who provides administrative, technical, or creative services to other businesses from a remote location.
You can find a virtual assistant job for almost any kind of task that can be done through a computer such as – Web design, programming, writing, proofreading, managing social media for a business etc.
Some VA’s charge upwards of $100 per hour but realistically, you could command $20-$40 an hour if you are an established virtual assistant within a particular niche. Transparency Market Research recently published a report claiming that the global market for virtual assistance will be worth $7.9 billion dollars in the year 2024.
You can find virtual assistance jobs on the websites listed below(Websites that list freelance writing jobs will most likely list VA jobs aswell):
I hope this list has helped you, If you know any other ways to make money online, let me know in the comments down below.
I will keep updating this list as i find more ways for you to make money online. So make sure to bookmark, share or save this list for future reference. Thank you. 🙂