The rate of unemployment is increasing day by day – but building up a business offline is not always easy. Moreover, it requires some money and loads of speculations. Also, at times getting a job can be troublesome, too. This is why using internet to build up a business or to have some passive income is the most ideal and efficient way nowadays. But in order to have a monthly income, you need to do some brainstorming because after all it is no child-play. In this article, I will try to illustrate few ways which were beneficial in my case.
1. Online Survey
An immensely common way for students to have some side income. In fact, any individual of any age, who is willing to spend few minutes of form filling can earn from it.
Many companies want a human view point or review of their service/product in order to know their scope of development. So, when you take their survey online, they will pay you for your view point – all you need to do is be authentic with your opinions, suggestions or review. Since your valuable suggestions will be beneficial for the further modification or development of the product.
For a complete beginner, the initially pay can be less – the pay can start from $3 and can vary to $5. Few good ones one can try – Clickworker, Opinion Outpost, Survey Junkie, My Survey.
Though, everyone is familiar with this term but very few might actually know about it. Freelancing can be an easy source of money only if you have one or two skills to offer to your clients. So, in order to have an income through freelancing – one can must an ample amount of knowledge about it.
A person who writes well can start earning from it by writing articles for other websites. Not only article writing, you can also offer content writing to your clients if you are truly creative and good with it. Content writing or article writing is a simple example to begin with. Usually, the payment for writing an article with 500 words can vary from $ 5 to $7 depending on the subject.
Everything is getting digitalized. Therefore, every business or organization wants to make their presence feel online. There are only few organizations who can effectively manage their social media or online market. So, this gives a scope for social media manager to scoop right into the picture – an individual who knows about social media advertisement or promotions and knows to handle social media platform professionally can help such organizations with this skill. For a social media manager, the payment usually starts from $13 per hour on average.
Not only for social media manager or article writer but there are numerous scopes in this freelancing world and the payments are usually handsome. So, if you are good with website design, UI/UX design, videography, social media managing, SEO or anything – you can create a profile and start earning.
One can try these websites – Upwork, Fiverr, Freelancer, People Per Hour, Truelancer.
3. Affiliate Marketing
The rate of earning is higher in comparison to any other strategy. All you need to do is promote other service or product through your social media handle or any other way possible and with every product purchased through your promotion – you can get a commission. The commissions can very from product to product.
So, if you think you have good presence online or have a blog/website of your own then you can start earning by just promoting all sorts of products, service and offer online. Promotions can be done through one of the many mediums such as: – Email Marketing, Facebook/Instagram Marketing, Content Marketing and so on.
You can sign up for the Affliate Program in the Amazon. Make an account of your own and start promoting their services or products that you think your followers or friends might be interested to grab. Also, you can Sign up as a distributer on the Awin arrange, check their offers blog or go through the vendor postings to discover something you would be keen on. In the event that somebody purchases (can be inside as long as 90 days) utilizing your connection you’ll make a decent commission.
In this blog, I listed down and tried to illustrate three ways to have passive income in which I was beneficial. Though, there are other ways as well. I will try cover few other ways in my next blog.