5 Easy Ways To Make Money Online In 2023
Nowadays, many people look for easy methods to gain extra cash. Thankfully, there are many ways to make money online, boost your monthly income, or even begin a new career.
In this guide, we’ll focus on short- and long-term money-making ideas to make extra cash by relying on digital resources. Find what suits you best based on your availability and needs.
Let’s get started!
moosend email marketing and marketing automation software
5 Easy Ways To Make Money Online In 2023
Marketing
Nowadays, many people look for easy methods to gain extra cash. Thankfully, there are many ways to make money online, boost your monthly income, or even begin a new career.
In this guide, we’ll focus on short- and long-term money-making ideas to make extra cash by relying on digital resources. Find what suits you best based on your availability and needs.
Let’s get started!
1. Start An E-Commerce Business
Revenue potential: You can reach up to $63,000 in monthly revenue in three months and up to $127,000 in year one.
If you’re looking for a large payout that can gradually lead to a full-time occupation, you can start an online store. Setting up a small business online has never been easier, as long you find the right products/services.
To build a profitable business, find products/services you’re passionate about and conduct market research to determine their potential. Then, sit down to map the logistics. You don’t have to start big, just shape your brand and take it one step at a time.
Moreover, you can also get into the world of dropshipping, a business model that has gained many fans over the years. In short, you act as a mediator between the customer and a third-party supplier. You don’t need anything in stock, as they fulfill the orders on your behalf.
As you can see, both methods cannot bring you money fast, but with persistence and effort, the sky will be your limit.
E-Commerce Platforms To Build Online Stores
What are the most popular eCommerce websites to start your online store from scratch? Here are some options:
Shopify: One of the most popular website builders, with an easy-to-use setup and plenty of help during onboarding. The platform offers many premium features and add-ons, and pricing starts at $29/month.
BigCommerce: It includes an intuitive website builder with various customization capabilities. This platform supports multi-channel selling, SEO tools, and many payment options. Pricing starts at $29.95/month.
Wix: A user-friendly website for beginners and many designer-made templates to build a beautiful website. However, its inventory management is not the best in the market. Pricing starts at approx. $20/month for basic features.
Woocommerce: It’s a free WordPress plug-in and one of the most popular websites for eCommerce stores. Some of its pros are its SEO capabilities and customer support. However, it’s not one of the most scalable solutions.
Overall, it’s easy to say that opening an eCommerce store is not a low-effort deed. To ensure that everything runs smoothly, look at this comprehensive eCommerce business plan guide. If you’re short on time but fascinated by this business idea, consider drop-shipping as an alternative.
2. Join An Affiliate Marketing Program
Revenue potential: Novices can earn up to $1,000, mid-level affiliates can reach $10,000 while advanced affiliates can make up to $100,000+.
Becoming an affiliate marketer should be ideal for professionals interested in making a passive income. Affiliate marketing takes place when an affiliate or publisher earns a commission for a product or service they promoted successfully to their audiences.
Affiliates can choose between physical and digital products as long as they feel that they can convince their audience to buy them. Even though promoting physical products can convert faster than digital, the commission is usually lower.
Affiliates usually get a unique website link that tracks conversions. They either place it inside a blog post or promote it via social media, like Tiktok, Instagram, or Youtube.
Others prefer to run Pay-Per-Click (PPC) campaigns if they have some money to invest beforehand to reach consumers who are very likely to convert.
Let’s see some successful affiliate marketing programs you’d better watch out for.
Best Affiliate Marketing Programs For Digital Products
Moosend: If email marketing is your thing, you can’t miss out on our fantastic affiliate program. Earn a 30% lifetime recurring commission for every paying customer and an extra commission if they upgrade.
Shopify: This website builder offers a generous $200 commission as long as the referred customer remains an active subscriber for two months.
Semrush: This SEO marketing tool gives $200 for every subscription sale and $10 for every free trial signup.
Coursera: Join Coursera’s affiliate program to get a 10 to 45% commission. This platform offers everything you need to become a successful affiliate.
Best Affiliate Marketing Program For Physical Products
Amazon Associates: You can earn a commission from 1-10%, depending on the program. The cookie lasts for a day.
Target: It’s another notable retail brand, enabling you to get up to an 8% commission with the cookie lasting for seven days.
eBay Partner Network: This well-known retail platform pays you a 1-4% commission based on the product category. The cookie life span is 24 hours.
To succeed in affiliate marketing, create interesting and relevant content for promotional purposes to make good money.
3. Become An Influencer
Revenue potential: Micro-influencers (10,000 to 50,000 followers) can make from $40,000 to $100,000 per year, but it depends on many factors.
If you love social media and creating content regularly, you can consider leveling up your social profiles, for example, on Instagram or TikTok. If you specialize in a niche market, e.g., education or traveling, you can create more specific content and target certain people by addressing their pain points.
As your following grows, you can start experimenting with different content types to see what drives more engagement, and sponsorships will start coming your way.
Even though this is one of the most creative ways to make money online and turn it into a real business, you’ll need time to nurture results. Plus, competition is high in certain markets, so you’d better do your research first.
Here, you’ve listed some tools that will help nail your content creation:
Design: Canva, GIPHY
Analytics: Hootsuite, Google Analytics
Video: Ripl, Filmora9
As long as you find the appropriate tools, you must update your content consistently to fulfill your subscribers’ expectations. Moreover, it’s important to answer your follower’s comments and interact with your audience to create community vibes.
4. Start A Blog
Revenue potential: People who monetize their blog can earn $20,000-$50,000 annually.
If you love expressing yourself through writing, you can become a blogger. To build a successful blog, targeting a specific niche market and audience is much more efficient.
If you publish great content consistently and apply SEO principles, you can turn your blog website into a real money-maker. For instance, you can add affiliate links to blog posts that drive high traffic or sell advertising space to other businesses.
To set up an online business like this, you should dedicate time and effort. But if you have a creative spirit, this safe writing space may give you the freedom you need.
Here are some Content Management Systems (CMS) to start a blog from scratch, paid and free:
WordPress: The free plan starts with limited features and no custom options. The most popular plan for freelancing is the Premium with $13.95/month.
Joomla: You can start for free, but you’ll soon need to update to access top features. The annual cost for the Personal package is $99.
Ghost: The pricing varies based on the audience you have. For example, for up to 500 members, the price is $11/month.
Lastly, you’ll need to buy a domain name from registrants like GoDaddy and Hostgator to host your new blog
5. Create A YouTube Channel
Revenue potential: The average YouTuber earns $18 for 1,000 ad views and around $5 for 1,000 video views. However, the final income varies on many factors.
If you’re more confident with public speaking and have solid story-telling skills, you can also start a YouTube channel to make money online. Again, sticking to a specific field is best if you want to gain authority and followers faster by creating how-to videos. Let’s see an example:
You need to have reached the threshold of 1,000 subscribers to join the YouTube Partners Program. Then you’ll get access to Google Adsense to start profiting from ads.
As your following grows, you may also start getting business sponsorships to promote specific and relevant products/services to your audience. You can also run YouTube Ads and leverage the power of YouTube SEO to win more traffic. If you fancy all this, here’s a YouTube marketing strategy guide to get inspired.
Here are the websites you should check if you decide to earn money online as a YouTuber:
YouTube Partners Program: Read the monetization policies and community guidelines carefully to see if you’re eligible for this program.
YouTube BrandConnect: This program helps businesses collaborate faster with creators on YouTube to spread their messages.
Overall, you should be 18+ years of age to get your YouTube channel monetized. However, investing in tech gear, like a good camera, a mic, and an editing tool are essential to grow your channel and sustain an excellent quality over time.