1. affiliate marketing
What is it: Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products.
You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.
How does it work: Affiliate marketing works by spreading the cost of advertising a product or service across many different affiliates who will then promote it to their own audiences. When one of these affiliates makes a sale, they will earn a commission from the company which can be anywhere from 5% to 50% of the sale price.
Why it could work for you: If you have a large audience, whether that’s through your own website or social media channels, then affiliate marketing could be a great way for you to make some extra money.
There are many different products and services that you can promote as an affiliate, so there’s bound to be something that your audience will be interested in. And as long as you’re transparent about the fact that you’re an affiliate, most people will be happy to support your recommendations.
2. Sell products or services online
What is it: Selling products or services online is pretty self-explanatory – it’s just selling stuff over the internet! This could be anything from physical goods like clothes or homeware, to digital products like e-books or courses.
How does it work: If you want to sell physical goods, then you’ll need to set up an e-commerce store which will involve paying for hosting, designing your website, and managing inventory and shipping. If you’re selling digital products, then you can simply create a sales page on your website and use an payment processor like PayPal or Stripe to take payments.
Why it could work for you: Selling stuff online is a great way to make money if you have something to sell! And with the rise of e-commerce, it’s easier than ever to set up your own online store. Plus, there are many different platforms and marketplaces available which make it easy to reach customers all over the world.
3. Create and sell an online course
What is it: An online course is simply a course that’s delivered via the internet – usually in the form of video lessons, PDFs, audio files, and other resources.
You can create a course on pretty much any topic that you like, from cooking and gardening to business and personal development.
How does it work: To sell an online course, you first need to create the course content which can take some time and effort depending on how long and comprehensive you want the course to be. Once that’s done, you can then set up a sales page on your website (or use a marketplace like Udemy) and start promoting it to potential students. Payment is usually processed via PayPal or Stripe when someone purchases your course.
Why it could work for you: Creating and selling an online course is a great way to make money if you have expertise in a particular area that other people are willing to pay to learn about. It can also be quite lucrative as courses tend to sell for quite high prices – often hundreds of dollars each! Plus, once your courses are created they provide passive income which means you continue to earn money from them even after they’ve been sold once. 4. Start consulting/coaching business
What is it: A consulting/coaching business involves giving advice and guidance to clients on anything from starting a businessto growing their existing one How does How much money Why it could 5 Writing reviews 6 Taking paid surveys 7 Becoming a virtual assistant
