15 Best Ways to Make Money Online in 2024
You can make money online today if you master the relevant skills needed. At the beginning of 2022, 1.9 billion websites existed online. This tells you that the internet continues to create countless opportunities for many online entrepreneurs to make money. So the conventional methods of making money that made you burn out the whole day have a limited place in the digital world today.
The following are 15 real proven ways you can make money online in 2024:
1. Make Money Online Blogging
Blogging continues to be one of the best ways to make money online. Many bloggers the world over have made and still make millions of dollars from their blogs.
How do you make money blogging?
Well, creating quality and informative content attracts the target audience to your blog, mainly through search engines like Google and Bing. It’s advisable to develop content in your area of interest, as it makes your content creation effortless.
Once you build a significant amount of traffic to your blog, you can monetize it by doing affiliate marketing or building your brand. Here are other ways you can monetize your blog.
Building a considerable amount of quality traffic to your blog doesn’t happen overnight. It requires the sacrifice of time, energy, and adoption of the right marketing strategies. Backlinko provides the best SEO strategies to increase traffic to your blog in 2023.
Learn how to start your blog and make money from it.
2. Make Money Online as an Affiliate Marketer
Affiliate marketing remains one of the oldest ways to make money online. It involves promoting products that are not yours, for a commission.
How does affiliate marketing work?
First, you need to register as an affiliate marketer with the brand whose products you wish to promote. You’ll then be given an affiliate link through which you’ll be recommending the company’s products to potential customers. When customers purchase the company’s products through your affiliate link, you earn a commission per sale.
Most of the big brands that sell products online have affiliate programs that affiliate marketers can subscribe to and earn commissions from. Some of them include:
- Online stores
- Web hosting companies
- Digital software companies
- Amazon
- Health-related brands
To sign up for the affiliate programs, you need to create a website/blog through which you can promote these products and earn commissions. You can start your blog at a comparatively low cost with Bluehost.
3. Make Money Writing and Selling E-books
An E-book is a non-editable but downloadable book assuming a digital format readable on any digital device like mobile and computer screens.
In this age of electronic everything: E-banking, E-gift cards, E-commerce, E-tickets…, you can write Ebooks that can help people advance their careers, start businesses or learn new skills, and sell them on Amazon.
Amazon provides a self-publishing service that helps you publish and sell your Ebook from anywhere in the world. Once the E-book is purchased, Amazon takes a certain percentage of the proceeds and sends you the rest.
4. Make Money Online Selling Courses
Just like writing E-books, you can develop a course that inspires people to go for better business opportunities, acquire new skills and scale up their career ladders.
You should develop a course in the area you’re passionate about. This helps you generate the course without much struggle and proves your authority in that particular subject to your target audience.
If you wish to set up an online course and make money from it, follow this step-by-step guide.
5. Start Your Own Website
There is a lot of information online on how to create a website. You can put up your own website and sell your products, both physical and digital. You may also consider starting your website as an online store with Shopify and start selling a variety of products.
Moreover, you can promote other people’s products on your website through affiliate programs and earn commissions. There are many products you can promote as an affiliate marketer. Some of the most profitable products to promote involve software, health, fitness, among others.
In addition to promoting and selling products on your website, you can use the platform to market yourself. For example, people who may want to hire content creators for their websites can reach out to you for a contract, based on the quality of the content you create on your website.
6. Make Money Online as a Freelance Writer
Many people make money online through content writing, copywriting, and ghostwriting. Get all the essentials and try your hand at it. It could make you a millionaire.
Most of the blog posts you see online are a product of freelance writers, not necessarily bloggers’. But bloggers pay the writers they contract to write for them. You can also write blog posts for your clients and get paid.
For you to be a professional freelance writer, thorough self-training or getting trained by a professional beforehand is necessary. You acquire the right skills to guarantee quality content to your clients.
Get writing jobs from freelance writing websites and job boards. Cold pitching is another option you may consider.
Below are the most popular websites/job boards to fetch freelance writing jobs from:
7. Make Money Online as a YouTuber
More than 2 billion people all over the world use YouTube. These users make money in multiple ways. The main money-making method is creating informative videos.
To start out, you need to create a YouTube channel first. After setting up your YouTube channel, you can monetize it in several ways. Here are ways to make money on YouTube.
8. Try Drop Shipping/E-commerce
Today the world has become a global village where you can get almost all the products you need from wherever you’re, thanks to E-commerce.
You may decide to start your website or online store and sell physical products. Where customers are from far places but within your region, you can consider putting up effective distribution networks and shipping the products to such areas.
However, you may at times have customers flung all over the world. In this case, you can partner with an international online store and have your products shipped to your customers. Amazon and Shopify are some of the leading providers of drop shipping services in the world.
To learn more about how you can become a successful drop shipper, Ecomelites is a comprehensive course I recommend you take.
9. Make Money Online as a Life Coach
You can make money online as a professional life coach, by giving people advice in your area of authority to improve their lives.
Some of the life lessons and skills you can offer your audience may border on relationships, finances, management, among other topics you may be an expert in and passionate about.
You may ask: Where do I do my coaching online?
Well, you can create a self-hosted website with Bluehost and post videos of your lessons. Readers can then sign up and access the lessons at a charge.
You might also consider packaging your lessons into complete courses for your target audience to purchase and have lifetime access to.
Some of the paid platforms you can use to host your classes include, among others, the following:
- Teachable
- Kajabi
- Samcart
- Udemy
10. Invest in Stocks and Cryptocurrency
Today, investments in stock and cryptocurrency have become a money mint for many people. You too can make bucks from it.
You can invest in the most profitable stocks and cryptocurrencies. The most popular cryptocurrencies you can trade in today are Bitcoin, Ethereum, and Cardano.
However, trading in cryptocurrency is risky because of market volatility. Before you jump into it, carefully examine the market risks and gather the necessary expertise to leverage favorable market situations and lower the risks in unfavorable circumstances.
For more information on how to invest in stocks and cryptocurrency, you can search this on YouTube.
11. Make Money Online as a Tutor
Would you like to take your lessons beyond the classroom? If yes, then you should grab your digital space now. You could make incredible amounts of money online from them.
All you need to do is package the lessons into precise captivating videos and post them online, either on your self-hosted website or on other paid platforms. Then set your price and attract the target audience to take lessons.
If you decide to do live lessons, it will be necessary to specify the delivery times so your audience won’t miss any of your lessons.
You can teach English, Mathematics, Science, Management, or skills that can help the online community execute tasks more effectively, efficiently, and effortlessly.
12. Become a Social Media Manager and Strategist
Social media management involves interacting with potential customers on social media and influencing them to buy newly launched products or to maintain the consumers’ brand loyalty.
Social media marketing is very popular with many brands that strive to popularize their products nowadays. For this reason, companies are ever looking for social media managers and strategists to advance ad campaigns and reach the companies’ goals.
You can make money online by managing a company’s social media platforms like Facebook, Twitter, Instagram, Pinterest, and LinkedIn, among others.
As a social media manager and strategist, you can regularly create videos and posts on the company’s products and run frequent contests for brand awareness.
13. Try Domain Flipping
Domain flipping is purchasing a domain name cheaply with no intention to use it and then selling it at a profit.
Domain names have varied costs. The cost starts from a few dollars per domain name per year to thousands of dollars. Unlike real estate, web domains are traded in a marketplace.
The most popular TLDs (top-level domains) end in:
- .com
- .net
- .org
- .edu
- .biz
Choosing a domain with significant potential can make you a lot of money. Get more information on how to make money online through domain flipping.
14. Become a Virtual Assistant
Virtual assistance involves carrying out corporate tasks from home. Such tasks include taking phone calls, bookkeeping, scheduling appointments, managing bookings, editing, planning events, data entry, customer service, and so on.
With the significant expansion of online businesses today, companies’ need for virtual assistants has become indispensable. This is because businesses are too busy to handle the mountain of tasks before them.
While there is a lot you can do as a virtual assistant, the services you render purely depend on the client’s needs.
So, where do you find virtual assistant jobs online?
You can apply for virtual assistant jobs on credible platforms like FlexJobs, Upwork, Indeed, or Fiverr. Additionally, you may consider reaching out directly to big online brands to find out whether they are hiring virtual assistants.
15. Sell Web Design Services
Anyone running a business online requires web-related services almost every day, for the effective running of their business. From web design to SEO services, you can carve your niche in any web development service and make money online from it.
Final Take: Make Money Online Variously
Since the advent of the internet has created many job opportunities online, you can now run your various online businesses from home comfortably and make huge profits. All you need is to identify that thing you like doing and are passionate about, and invest your resources in it. It could grant you the ticket to financial freedom.
