5 Ways to Make Extra Money Online - Baltimore Post-ExaminerBaltimore Post-Examiner

5 Ways to Make Extra Money Online

The internet has brought multitudes of advantages and benefits, from enabling the fast sharing of information to communication and the ability to make money without having to go to a physical workplace or by conducting business online. As internet technology advances, the ways to make money with it have also increased. Featured below are five of the best ways to earn an income through the internet.

Online gaming

You are likely thinking that gaming is not exactly a good way to make money online. Arguably, it can be considered as a viable way to earn extra income. For one, it is a form of recreation; you enjoy while taking the opportunity to win some money. You can play online slots for real money, for example, or you can spend time at an online poker table.

Of course, the ability to earn money through gaming is uncertain. You may win with your bets or you may lose. What makes this a potentially good online money-making activity, though, is the fact that you are not going to do it mainly as an income-generating activity. It is primarily a form of recreation. Winning extra money is just a bonus.

It’s important to remember, however, that online gaming can be addictive. It can easily lead to a pathological habit. As such, it should be done in moderation and with a large dose of self-discipline. It shouldn’t be treated as a possible source for regular income but something that can get you extra money as you play for leisure.

Monetizing online assets

Blogging for money is not yet passed. There are still many who are receiving a steady stream of income through their blogs. This is still one of the good ways to make money online and one of the better options for monetizing internet assets. If you have a blog, you can use various monetization platforms. It’s no longer just limited to Google AdSense. You can sign up for other ad networks and even accept paid blog posts or reviews. Just make sure the ads don’t become so obtrusive that they drive away your returning and prospective visitors.

You can also use your social media popularity to make money. If you have a considerable number of organic followers on Twitter, Facebook, or other social media platforms, you can attract advertisers who would be willing to pay you for a mention or a post about them. This is what “digital media influencers” do. Social media celebrities can convert their fame and clout to cash.

Moreover, there’s the option to make money by selling your digital media properties like graphics, videos, and designs. You can put up a website where you can showcase your digital creations for sale or licensing. You can upload your videos to YouTube or other sites that can let you monetize your videos. This is not going to be easy but it’s worth trying. You need to exert time, effort, and creativity to come up with something original and worth paying for.

Affiliate marketing

Affiliate marketing may sound like a worn-out idea for making money online but it’s actually still a viable option. It’s not just about sharing affiliate links or running affiliate marketing banners on blogs and forums. Affiliate marketing can be done in different ways. It can be seamlessly integrated into the content of a review website. It can be used alongside an online store. It can be done on social media.

What’s great about affiliate marketing is that you can start making money by getting commissions from the sales of other businesses. You don’t have to stock your inventory. You don’t have to worry about warehousing and the management of your physical products. You can start it with almost zero investment or capital expenditure. All you need is to promote another company’s products or services with your marketing skills or by taking advantage of the traffic you get with your blog, website, or social media account.

Apps and Games

Apps, both for desktop and mobile devices, can be a good source of income. If you know how to develop apps, you can come up with a collection you can sell to users or monetize through advertising. Given the increasing number of people using mobile devices and accessing the internet nowadays, it makes sense taking advantage of the “app economy.”

Making money with apps can also be done through a “freemium” model. What this means is that you are not going to ask for money to let users download and use your app. You can offer the app for free but with limited features and advertising. If users want to access more features or functions, an upgrade option will be provided. This upgrade is tantamount to selling your app and removing the in-app advertising in the process.

Selling things online

Lastly, you can also make money the ‘traditional entrepreneur’ way: by selling things (you buy from other businesses or produce yourself). There is a growing number of online sellers taking advantage of the convenience afforded by the internet to budding entrepreneurs. Thanks to the rise of online payment systems and the cooperation of banks, it’s now easier to be an online businessperson.

You can start by selling digital products just to get acquainted with the basics of doing transactions. You can then proceed to do drop shipping. If you already have your own physical products, you can sign up for an account at marketplaces or buy-and-sell platforms. These online marketplaces allow you to showcase your products and facilitate communication with customers in an organized fashion. Once you get the hang of it, you can then proceed to put up your own e-commerce store or selling your products on social media.

Generally, if you want to sell things online, it is advisable to not just focus on one platform. You can’t just sell your things through your own e-commerce site. It would be better to maintain a presence across several platforms. You can have your own online store while also advertising your products on social media, online marketplaces, and classifieds sites.

Making money online is not going to be very easy but it certainly isn’t going to be difficult. There are already many platforms you can use. Getting paid is also no longer a problem. You can even use digital currency like bitcoin. You just have to be creative and resourceful. Likewise, you need to have a plan and be organized in the way you do things.

 

 


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