There are a lot of ways to make money online. But the process is mainly two. One is the Free formula and another is paid formula. In the paid formula, you may have to invest over $1000 to make it happen and the results are almost instant. In the free formula, you can do it without spending money.
It doesn't matter what old are you or what is your current situation is, anyone can make money online (from teenager to old granny) from his current situation. You only need a computer and internet connection. Moreover, you can make money by using your mobile phone. Sometimes it doesn't require any tech skills or experience.
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Here are some legitimate ways to make money online:
1)Affiliate marketing:
Yes, you can make money through affiliate marketing. Good money. And, yes, you can even make money while you sleep. Affiliate marketing is when an online retailer pays you a commission for traffic or sales generated from your referrals.
Affiliate marketing is a simple 3-step process:
- You recommend a product or service to your followers.
- Your followers purchase the product or service using your affiliate link.
- You get paid a commission for the sales made using your affiliate link.
2)Blogging:
Making money from a blog is definitely doable, it just takes time and dedication. If you want to make more than pennies, I strongly suggest you focus on creating quality content and building a loyal community first. As long as you’re passionate about the content you’re putting out there, other people will be as well. Your blog will grow organically and money will soon follow. Pretty straightforward, right?
Advertisements are the most common and simple way bloggers earn cash – by leveraging Google AdSense to incorporate banners or other types of advertisements on their websites.
Sponsorships are another great ways to make money through blogging. There are influencer networks (IZEA, Mention, Influenster, Webfluential etc.) that can help you discover great sponsorship opportunities. This makes them a great starting point for bloggers looking to build relationships with brands. Brands often want to pay you a set amount for a sponsored post, in which you talk about their product or service.
3)Youtube monetization:
YouTube pays you by monetizing your videos with ads and pay you by estimate views generated by your video. To start earning a good amount of money it will take you atleast an year and lots of hardwork and the content you create should be unique to gain maximum viewers. Once you reach a decent number of subscribers and viewer's you'll start earning handsome money.
4)Doing survey:
By sharing your thoughts, you can earn extra income by taking online surveys. There are many market research companies online that offer paid surveys. Keep in mind that each survey pays very little. So the key is to sign up for several different companies, spend time completing surveys every day, and to complete every survey they send your way.
5)Content writing:
Freelance article writing gives you the opportunity to work from home. Jobs, where article writers can be earning money, are listed every day.
Before having the wish of earning money in content writing, make sure that you became good at it and have enough content to show as proof to them who is going to hire you. Show them the piece of content that you have already written and once you do it you automatically get the projects from the client.
6)Freelancing work:
If you’re a writer, artist, or someone with any skills that can be done online from home, freelance work is a great option. Freelancing can help those who are dedicated to working freely anywhere at any time. It also assists you in making money online by selling your skill on different freelancing platforms and generate a good income. Mostly the students who are studying who have very little free time and want to earn money as a side income to bear daily expenses should start freelancing, it is easy and helps to meet the small desires.
But if you ask, what is the easiest and most profitable way to make money online, I will suggest one good way that allows you to earn on autopilot - it is truly passive once it’s been set up :
KINDLE DIRECT PUBLISHING:
I’m not talking about writing novels or textbooks: this is about creating low content books that everyone uses, and which Amazon prints for customers on demand. If you get this right, you can be earning money from sales of your books without lifting a finger - which is why it’s really a passive / autopilot method.
Some advantages:
It does not require huge intellectual effort: low content books are precisely that: low content. They don’t have much in them.
Amazon sells them for you: there’s a huge number of buyers trawling Amazon every second for books.
There’s no startup cost, no inventory - Amazon does everything.
The sky’s the limit: some low-content book vendors make $1000s per day!
The downsides:
You do have to create something - there’s some graphical effort required to create interiors and covers - but you can find people who can help, and there are plenty of free sources for interiors (see RESOURCES at the end of my answer).
It’s Amazon - so there’s a 60-day delay before payment - which is not ideal but if you’re going to make a serious effort to make this work, then it’s not really an issue.
Margins: Amazon takes the lion’s share but you can still make a decent profit of a few $ per book sale. This is often more than an author would make with a major publisher - bear this in mind.
Getting Started:
A Quora answer is not the best place to explain the ins and outs of making a living with KDP, so check out the resources list at the end which will take you to the next step. The basic plan of attack though is:
Find a niche and sub-niche for which you can create something and where there is both demand and little already available. Some standard techniques can be used to identify good sub-niches to address. A lined notebook would be too broad and difficult to sell, but a lined notebook for medical students might be much more appealing.
Open an account with Amazon KDP (free, of course)
Create your interior - either obtain one or make it yourself (I use Powerpoint but some people use Canva.)
Create your cover - either yourself using places like Canva or get someone on Fiverr to make one for you if you’re not confident.
Upload your files to KDP - job done!
Now promote your book until it starts to generate sales. Again, many ways to do this! I have found Amazon advertising to be easy to set up, really effective and inexpensive. And once the book is selling you can stop spending money on ads.
Conclusion:
KDP is an honest way to generate money online: it’s pretty straightforward and doesn’t require much in the way of maintenance once you’ve done the upfront work to create your books. It is, however, something that has subtleties that you should research: not every book is going to be a best seller. BUT - there is a great chance that yours could sell like hotcakes if you get it right - and make you a nice income!
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