Extra Income Ideas

Extra Income Ideas

In this article we will explore some of the best ways to earn extra income online and make it sustainable for the long term. Before going into that, we would like to remind you that you will get paid more based on the values you give out online, regardless of your job or businesses. To help earn more, here are some of the best way for you to increase your value online:

  • Online courses

As you may notice, a university degree is not the only thing that employers are looking for in today’s industry. When you are working freelance online, people do not really check for your degrees. Instead, you should upgrade your skill to make sure that you can deliver outstanding work. The better you are at doing your job, the more you will get paid for the same amount of work. One of the best ways for you to upgrade your skill is by enrolling in online courses of your choice. Online courses are also applicable for those of you trying to optimize your online businesses

  • Online certification

While a degree is not always necessary, it may be helpful in certain situations. Since most people hold a university degree, it will no longer give you a competitive edge over other job seekers. We recommend you to register for an online certification program, where you can upgrade your skill and earn a legit certification

  • Build your online presence

This involves creating and growing your social media accounts, including Instagram, Facebook, Linkedin, and one of the most popular one nowadays, Tiktok. Having an online presence will lead you to countless opportunities such as sponsorship and endorsements. You can also utilize your social media to sell your own products and services

  • Build your portfolio

Having a portfolio is crucial when it comes to working freelance online. Getting the first client is always hard and often impossible when you do not have a portfolio. Without a portfolio, not only it will be hard for you to find a client, but people will pay less for your services

We highly recommend you to at least do one or two of the above before expecting to go full time online. Now that you are ready, we will explore sustainable strategies for you to make money online.

Strategies to Make Extra Income

As mentioned above, there really is no limit when it comes to working online. You can earn enough to travel around the world or even create a business empire worth millions of dollars. While it is good to start small, it is also important to set your own goals and targets as you work online. Most people get complacent as they earn money online, but we are here to remind you that the possibility is endless. Here are some of the best and sustainable strategies for you to earn more money online:

  1. Blogging

Blogging is one of the most popular ways for people to make money online. A blog works almost similarly to a social media account. Once your blog receives a huge traffic, you will receive income from advertising and potentially endorsements from companies. Again, it is not limited to just that, you will also be able to sell your own products and services.

However, it requires time, effort, and consistency for your blog to be successful. It will also help you a lot if you can find a niche of your interest. Besides time and consistency, you will also have to make sure that your blog content is helpful and brings value for the readers

  1. Online business

One of the most sustainable strategies to make a living online is by creating an online business. The idea of an online business is very broad, but we are focusing on a business where you sell products online. As the pandemic has shown us, more and more people are switching to online shopping through multiple e-commerce sites. This is an opportunity that you can use to start your own business by selling on your favourite e-commerce sites, such as:

  • Amazon
  • eBay
  • Etsy
  1. Dropshipping

Starting an online business usually requires less cost depending on the nature of the business. If you are looking for something more affordable and practical, you should try dropshipping. Dropshipping does not require you to have your own product, you will simply connect buyers and sellers. Here are some of the best dropshipping sites that you can use:

  • Oberlo
  • Printful
  • AliExpress Dropshipping
  1. Create your own digital course

Just like you can enroll on digital courses to upgrade your skills, you can also create your own digital course for others. Of course, you have to be skilled before creating your own course. Once up and running, a digital course can present you with a sustainable stream of passive income, here are some of the platform that you can try using:

  • Uscreen
  • Udemy
  • Skillshare
  1. Flip websites

Flipping websites is similar to flipping property. You can buy a website and optimize it to improve its traffic and earnings. While some people may opt to keep the websites for themselves, you can also sell them and go buy another one to flip. You can look and buy websites on the following marketplace:

  • Flippa
  • Empire Flippers
  • SideProjectors
  1. Start your own youtube channel

This is another one that requires time and effort. While some people find overnight success on youtube, it will take you months or even years until your youtube channel can start earning. Youtube itself will help you earn money when you become one of their Youtube Partner Program. Not many people realize, but everyone can be a youtuber. If you do not want to be a part of the video, you can make animation, music, or even educational videos for your viewers. Just make sure to explore and decide on a niche for your own youtube channel

  1. Work freelance

Working freelance is one of the most popular ways for people to earn money online. You can work as an editor, writer, voice narrator, designer, and many more. You do not need any degree or certification to start freelancing, but it is important to have a good portfolio. Here are some of the best freelancing sites that you should try:

  • Fiverr
  • Guru
  • Upwork
  1. Start a podcast

Just like a youtube video, a podcast can also help you earn a decent amount of money. Podcasts are getting more and more popular each day, with over 150 million listeners every week, there are still rooms for new podcasts and podcasters. You can start a podcast with simple equipment, but make sure that the audio quality is clear and edited well. You can make your podcast online using some of the best podcast hosting platform including Resonate and Buzzsprout

  1. Publish your own eBooks

Ebooks are getting more popular over the years. With innovations like Kindle, eBooks are becoming a substitute for regular books. Writing a book is not easy, it involves a certain level of expertise, but you can always work together with your friends/colleagues. After finalizing your book, you can publish it and earn passive income from your eBooks. We recommend publishing in the following sites:

  • Apple Books for Author
  • Barnes and Noble Press
  • KOBO
  • Smashwords
  1. Invest/trade cryptocurrencies

Last but not least, you can try investing/trading cryptocurrencies. Of course, the world of cryptocurrencies is risky, that is why you should at least learn some of the basics before jumping into the world of cryptocurrency. You can start small by using a small amount of money, you can start investing more once you consistently make profits. The best exchange where you can buy Bitcoin and other cryptocurrenies in New Zealand is Easy Crypto. Start investing with just $20.

Conclusion

As you can see, the online world is full of opportunities. You can make quick cash, earn stable income, and even set up your own passive income streams. Regardless of which method you are interested in, please do not worry too much as you will learn more after you start. One last tips from us, do not limit your imagination and remember to always work hard, good luck!

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