Easy Ways to Make Extra Money at Home

 

Easy Ways to Make Extra Money at Home

Making extra money doesn't actually have to be that complicated. As someone who has been in the field of online income generation for almost two decades now, I can tell you that it takes some work. However, there are some clear paths forward. Ultimately, it all comes down to what your goals are and how much you want to automate your earnings.



Can you make an extra $200 per month? Certainly. What about an extra $1,000 a month? How will it change your life? For most people, it will make a monumental difference. But what if we talk thousands more per month or even tens of thousands more? How will it change the trajectory of your life? Obviously, you can make money on the internet. You just have to decide how much of your time is worth it.

While we all have extra time, it often doesn't feel that way. But it also doesn't take too much effort to make additional dough on the side. We're not talking about millions after millions here — we're mostly talking about doing small projects to make quick cash. And depending on your skill set, you can easily make a few hundred dollars or even a few thousand extras per month.

1. Become a virtual assistant.

One simple way to make money from home is to help others complete tasks as virtual assistants. If you are highly organized and can manage your time well, then becoming a virtual assistant presents a low entry point of friction into the digital services industry. You can easily perform these functions as a remote worker no matter where you live.

Finding a job as a virtual assistant can easily be done through sites like Upwork, Indeed.com,and Remote.co. Find an existing posted job and make an offer. You will need effective communication skills and fluency in English as well as popular web and business software applications.

2. Sell items on eBay or Craigslist.

Most of our society earns a full-time income by selling items on Craigslist and eBay. You can do this by selling your own items, or you can help sell items to others and take a small commission. Selling on eBay offers more friction than Craigslist and you have to create solid reviews before you can start moving expensive items.

However, eBay provides resources for sellers to help you adjust to sales on the platform. Take the time to do due diligence and research the platform. If you have some solid online marketing skills, you will find this a lot easier than if you were a beginner in the world of digital marketing.

3. Cryptocurrency trading

As the digital world evolves, so does our currency. What seemed like a new thing yesterday will eventually become the medium of choice for money. Gallop's poll found that 10 per cent of people admitted to using cash as their preferred payment method in 2016 (down from 19 per cent in 2011).

While cryptocurrencies are still relatively new, it will eventually become the standard. Bitcoin and Ethereum may be the main cryptocurrency platforms today, but the U.S. Dollar will eventually become a Digital Dollar by utilizing blockchain. You can take advantage of the current cryptocurrency boom by trading it through platforms like eToro and Kraken, among many others.

4. Online tutoring

Websites like Skooli, Tutor Me and Tutor.com provide resources to enter online tutoring rooms. While you don't need to use platforms like these, they provide a lower friction entry point to the market. You can also search for tutoring gigs online on various other sites like Upwork, Freelancer, and more.

What kind of things can you teach online? You can easily teach subjects like math or science, while also teaching the language if you are bilingual. You can also teach musical instruments like guitar or piano, along with many other subjects.

5. Sell services on Fiverr

Fiverr has grown significantly since its inception. Today, it is a vast market where you can sell almost any service under the sun. This is great if you want to make money online as a digital nomad or even while sitting at home on a laptop while wearing pajamas.

What, in particular, can you sell on Fiverr? Everything from graphics and design services, to digital marketing, writing and translation services, video and animation services, music and audio, programming and app development, business services, and lifestyle services covering everything from celebrity viewing to games.

6. Build a sales channel.

Every successful business has an automated sales channel. However, so many businesses are completely unaware of the power of an effective funnel. Sales channels provide automation in the sales process. They help you build relationships with your audience and develop bonds with consumers. There are many tools you can use to build a sales funnel, but the world's most successful businesses often create custom-coded funnels.

Expert sales channels often start with free offers, which are also called lead magnets. By providing value in a primary magnet, you create trust with the consumer. In the next step, you will usually find what is called your own liquidation offer or travel wire. This is a hard deal to pass up, often costing $7 to $47. Front-end deals are usually found beyond that along with one-time deals to help increase customers' lifetime value and average basket value.

While there are many technical details when it comes to sales channels, understanding them today, nowadays, can set you up for a higher level of online marketing prowess. It will also help you scale your business by optimizing conversion rates, then simply expanding your ad spending.

7. Affiliate marketing

Affiliate marketing presents a very low friction entry for selling products online. While you need some type of audience to sell this product or service, you can make a lot of money from home while doing so. Some products or services have very high revenue per click. That is, if you play the cards right, you can easily profit greatly from conversions by driving traffic to a particular offer as long as you are targeting the right interests.

You can find affiliate marketing offers on sites like Click Bank, CJ.com and Rakuten LinkShare, among many others. Look for the right offer and make sure you present it to the right audience and don't spam others about it. Do your marketing ethically.

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