12 Ways To Make Money Online: Which is the Best Way?

Start a Blog to Make Money Online: I have been blogging for 2 years, I get at least 30 thousand monthly traffic. Do I make a lot of money from my blog? Hell, no! It is difficult to make even $100 per month.

Content Writing: I write content on various websites (forums, article sites, blogs, etc.). Normally I spend, 2-3 hours every day writing content but I am not making even $1 per hour.

Becoming a Freelancer: I make money as a freelancer. If you have professional skills and if you are very good at what you do, you can make a lot of money. There are many freelancing platforms that you can try, for example fiverr, upwork, seo clerks, people per hour, guru, freelancer, 99designs, iwriter, etc. However, the only drawback to making money as a freelancer is it is a very competitive area. At times, you will become so desperate to get jobs that you will have to lower your standard pat rate by 50 percent. Freelancing can be good but it is very competitive, plus, you need to be an expert in multiple disciplines.

Make Money by Writing an E-Book: This is one of the best passive income methods. If you publish on Amazon kindle you will earn 70 percent royalty, which means you will earn $7 from just one book sale (provided your ebook price is $10). But in order to drive sales, you might have to spend hundreds of dollars on advertising.

Dropshipping: You can make money from dropshipping but you need an expert on digital marketing and SEO to generate sales. YOu don't have to buy products to sell but you will have to spend a lot of money to build a store.

Sell your stuff: You can make money by selling items, and once again you need to be an expert marketer and SEO consultant to generate sales.

Teach Online: You can make money, but before you can start teaching you need to be an expert on certain subjects. If you have never considered teaching online, you should start now provided you have expert knowledge on certain subjects. Teaching online is slightly different from selling courses. If you want to teach online, you need to attend classes every day, but selling courses means you are earning passive income.

Sell a Course: You can create a course and sell it either through udemy or through your own website

Start a YouTube channel: Youtube can be profitable only when you can create general interest videos, know how the youtube algorithm works, and spend money on Google ads. You can publish any kind of videos, but your videos should not be copyrighted materials and be properly in line with youtube content policy for you to get approved on youtube monetization. It might take you over a year just to get monetized after publishing hundreds of videos. The only shortcut you can take is you need to spend money on ads.

Gaming: Game streaming can make you money, but you need a good gamer and have a huge fan following. If you are a gamer you can Stream games on twitch, facebook, youtube and make money from subscriptions, and ads. You can also play for tournaments. A lot of games organize tournaments regularly. They have a huge cash prize for winners. Likewise, play to earn games can also help you make money. There are many blockchain based games where you can earn crypto tokens and NFT. You can sell these tokens and NFY for real money.

Invest: You can make money through investment, but the investment is not always profitable. Investment is also not for people who cannot afford to lose money. For instance, if $1000 is all you have you can not take any risk to invest this amount. Likewise, if you are in old age, you also should avoid investing because when you lose your investment, you will have difficulty paying bills.

Become a virtual assistant: This is a competitive niche, furthermore, you cannot earn a lot of money as a virtual assistant (unless you have professional skills).

There are a lot of ways to make money but not everyone can make money.

First published On Trendri, in author's name.