Today I am going to share 10 legit ways of making money online.
There are two types of income, active income which requires you to be physically present at a job and Passive income, meaning you make an effort once and money should start to come at regular intervals automatically.
Here are the 10 legit ways of making money online:
Number 1: Shutter Stock
You might have heard of the platform before.
It’s more of a market place where different artists from around the world showcase their work on these platforms and sell stock images without having to do any extra effort.
If you’re at all into photography, and you have a cache of nice photos, you could consider selling them through sites like Shutterstock and iStockPhoto, two of the biggest photo resources online.
It doesn’t take too much effort to do this, but it does take creativity and persistence to succeed with it.
You’ll find serious competition when trying to sell photos online, but this is also a great method for generating passive income.
If you can license your images or sell them as stock photography, you won’t have to do any additional work to generate income from that sale once the photos have been posted online. Just collect your payments.
Number 2: Build an Amazon FBA Business
Amazon is for sure a market giant but on the other hand, it is a great opportunity for you to generate passive income on the side.
If you want to go directly to the world’s largest online retailer, consider setting up a Fulfilled-by-Amazon (FBA) business. Amazon will pick, pack, and ship your orders, and you’ll have enormous exposure to a buzzing marketplace where products are selling every second.
There’s a lot of demand on Amazon, and if any product is going to sell, it’s going to sell well on Amazon.
But the goal here is to source the right products that will easily sell at the world’s largest online retailer. Generally, products between $10 and $50 sell very well here.
Just be sure to do the right market research before jumping on this bandwagon.
Number 3: Dropship or Shopify store
Dropshipping is one of the most profitable passive income sources you’ll find online.
And since we here at Oberlo specialize in dropshipping, it’s a good place to start.
With drop shipping, you can find trending products on the Oberlo marketplace that you can then sell online to customers around the world.
You can sell products in various dropshipping niches from fashion to home decor to beauty.
The magic in dropshipping is that you build your own business and control how much you charge for the products.
Out of all the passive income ideas on the list, dropshipping is the one where you have the most control over your earnings.
To start dropshipping today, you can sign up for Shopify.
Number 4: Start a Print on Demand online store
Print on demand allows you to sell your custom graphics on products like clothing, mugs, canvases, phone cases, bags, and more.
The best thing about this is that you can build your own branded products.
The only downside is that you need to be savvy at graphic design because the margins are often too thin to outsource the designs affordably.
However, if you design that unique winning design, your sales will take off.
Plus, it won’t hurt sales since you won’t be competing with anyone but yourself.
Number 5: Affiliate marketing
Don’t want to operate an Amazon FBA business? No problem.
You can still become an affiliate of Amazon or any other major brand and start your passive earnings.
The best part is there is no limit to how much you can make.
It all depends upon your marketing skills, consistency, and the product you choose.
The only real downside is that you only make a commission of the sale.
Some programs like Shopify’s affiliate program allows you to earn up to $2,000 per referral, which is astronomical.
Some online retailers only give a measly 10% referral bonus.
So you’ll want to make sure you do some research into the best affiliate marketing programs before you get started.
Blogging tends to be the most cost-effective way to make recurring affiliate commissions without having to spend money on ads.
Number 6: write an e-book
If students are good at anything, it’s researching and writing.
With the Amazon Kindle store, anyone can publish an eBook and make money.
And the Kindle app is now available on almost any device (laptops, iPods, smartphones, and yes, Kindles) so your global market is huge!
List your book for $1.49 – $6.99 and you earn 70% of the sale.
Considering Amazon is the ultimate selling machine (and remember people are looking to spend), that is a fantastic deal.
The key to success with eBooks is to create value, and write non-fiction.
Simply bundling information, you have researched and complied on a common problem (eg. ‘secrets’ to finding a job) and then presenting it in an easy to digest format (an eBook) justifies someone spending a few quid on it.
Another big tip is to have a great cover designed so it stands out, and once your book is live on the Kindle store it’s really important to get some reviews so it shows up higher in results.
Encourage readers to leave an honest review at the end of your book.
Number 7: Start Selling Gigs on Fiverr
Gigs or small services are becoming more and more popular.
It allows people to hire professionals to form almost every sector of the world for a very low price to get small tasks done.
Fiverr is now the world’s largest gig marketplace.
What you offer could be absolutely anything, from writing and translating, social media posting, playing pranks, and teaching to creating music, voiceovers, and short video clips for people all around the world!
The default price is $5 but you can attach extra services to gigs for more money.
Whilst it might not seem like much, it can quickly add up and there are plenty of examples of people making a really good living from the site.
The key is to get a system in place which minimizes the time spent on each gig.
Number 8: Make Money with Amazon Mechanical Turk
If you are interested in selling your skills to perform small tasks you should consider Amazon Mechanical Turk.
Even in the age of automation, some jobs still require a human touch.
Companies often outsource those jobs via services like Amazon’s Mechanical Turk.
As a “worker,” the tasks you’ll be assigned can be tedious — tagging images, transcribing videos, classifying receipts — and can take anywhere from a few minutes to a few hours.
Temporary employers or “requesters” set the price for each task and get to approve the finished product before paying you.
That can leave room for scams, so do your research, and join a community like the MTurk Crowd forum, or the MTurk and Turker Nation subreddits, which can steer you away from shifty dealers.
These communities and fellow “workers” can answer questions and give a realistic idea of how much money you can expect to make.
Read more about Mechanical Turk is a way to make quick money online.
Number 9: Start a blog
The most popular passive income stream tends to come from blogging.
Blogging has helped countless bloggers and entrepreneurs earn passive income through affiliate links, courses, sponsored posts, products, book deals, and more.
It can indeed take quite a bit of upfront work to build a successful blog.
However, it’s one of the most sustainable ways to generate an audience through organic and social traffic or by building an email list.
The biggest perk of creating a blog is that you can turn that one asset into several different streams of income.
Thus, making running a blog one of the easiest ways to make passive income.
Number 10: Start A YouTube Channel
Starting a YouTube is one of the fastest ways to build and grow your brand.
YouTube is Free and as such, you can capitalize on the massive traffic that YouTube gets daily.
With YouTube, you can make videos on any niche or topic that interests you and also with time, you can monetize your videos in order to generate income.
There are lots of resources online and on YouTube on how to start your own YouTube Channel.
So what are you waiting for? Go sign-up and start making videos on YouTube.
There you have it, the 10 legit ways of making money online.