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10 Side Hustles You Can Start to Make Money Online

by Lana Ridlon 2 months ago in advice

A shortlist you can copy and paste so you can work less.

10 Side Hustles You Can Start to Make Money Online
Photo by Viacheslav Bublyk on Unsplash

When people ask me how I make a full-time living on the internet which allows me the freedom to live wherever I want and work whenever I want, there are certain responses I hear a lot.

“I wish I could do that but I don’t know how” or “I can’t think of a good business idea” And my favorite, “Isn’t making money on the internet all a scam!?”

From now on, if I hear any of this (and they’re genuinely interested) I’ll just send them to this very post.

When it comes to starting an online business to increase your income, whether that be a few extra hundred dollars per month to help with the bills or thousands per month to quit your job for good, finding a great idea is the least of your worries.

There’s no need to reinvent the wheel, and you don’t need to be a genius and conjure up the next billion-dollar idea like Zuckerberg.

For each idea, I’ll also give a rating from low to high for the following 3 areas:

.Learning Curve — A general estimate of how much time and effort it will take to learn the ins and outs of the strategy, assuming you’re coming at it with zero business and internet marketing experience. Don’t take the rating too literally though, as certain strategies will be easier for you than others depending on your interests and past experiences, so just use this rating as a way to generally compare between the different strategies in this post.

.Earning Potential — An overall estimate of how much money you can likely make using this strategy. Again, don’t take it too literally. If I mark a particular strategy as “low” potential, it doesn’t mean you can’t make a lot of money from that strategy — it just means that it’s less probable than say a strategy with a medium or high earning potential OR that it will take a long time or a lot of scaling.

.Passive Income Potential — Whether or not the strategy has the potential to earn you passive income, which is money earned whilst you’re not actually working. In other words, can this strategy be mostly automated once you’ve put in the hard yards to get the business off the ground? Keep in mind that even if a strategy can be automated, there will almost always be some sort of work required to maintain your income (you can’t expect to completely set and forget a business and expect it to last forever).

1. Affiliate Marketing

Learning Curve: Low

Earning Potential: Medium

Passive Income Potential: Yes

Affiliate marketing has always been one of the most popular and effective ways to make money online, and that’s not about to change anytime soon.

It’s how many people first get started online because of its simplicity, and I’m no exception. But whilst simple, it does have a lot of potential because most good products out there have an affiliate program (if they know what’s good for them) so there’s no shortage of products to start marketing.

2. Create an Information Product

Learning Curve: Medium-High

Earning Potential: Medium-High

Passive Income Potential: Yes

Creating your own digital product based on certain valuable knowledge or skills that you have has always been one of the most profitable and reliable ways to make money online, and these days nothing has changed.

An information product can be anything from an ebook, a video course, an audio course, a membership site, or a piece of software.

3. Kindle Publishing

Learning Curve: Low

Earning Potential: Low

Passive Income Potential: Yes

This could also be classed under creating your own product, but it deserves its own section because of just how much this market is booming at the moment. Online books are outselling physical books these days and their popularity is only rising.

4. Blogging

Learning Curve: Low

Earning Potential: Low-High

Passive Income Potential: No

Starting a blog is one of the most popular ways to make money online today and there is a lot you can do with it.

It’s simple and quick to get started with, and there are endless opportunities to earn money from your blogging efforts by incorporating some of the other strategies like affiliate marketing, advertising networks, and creating info products.

5. Freelancing or Consulting

Learning Curve: Low

Earning Potential: Low-Medium

Passive Income Potential: No

Freelancing or consulting work is one of the fastest ways to get started working online if you have a particular skill or specialized knowledge that others are willing to pay for.

Conclusion

Now you know some of the best ways to make money online, your creative juices should be flowing and you should do your research on the strategies that gel with your interests, your skills, and your financial goals.

The internet has changed the course of my life forever and I want more people to experience the freedom and fulfillment that the internet can allow us.

If you found this post helpful I would love you to help me spread the word by sharing it with those who you think may benefit from it.

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Lana Ridlon
Lana Ridlon
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