Among the numerous changes that have occurred globally in the last two decades is the ability to make money from the comfort of your home through internet knowledge. This era of the 21st century has ushered in a complex society of high knowledge explosion which includes the ability to make money online by applying basic strategies.
As an individual who desires to create an extra source of income, or is rather passionate about being a freelancer, it then becomes essential to choose any of the recommended means of income generation below.
This focuses on writing relevant content that is aimed at impacting value to a targeted audience. Blogging can either be done by having your blog or writing for other news websites for monetary gains.
2. Foreign exchange or cryptocurrency trading.
This is centred on the buying and selling of different nations’ currencies at different rates. It embraces the idea of buying a particular country’s currency at a minimal rate and selling when the price appreciates. This is best understood as the FOREX trade. The same strategy applies to cryptocurrency trade, where you buy digital currencies like Bitcoin, Ethereum, Litecoin and others at a low rate and sell when the market value increases.
3. Website/graphic design.
Web design as it is probably called is the ability to create, manipulate and design websites, images and videos to suit your customer’s or client’s demand. Several freelancing websites allow one to sell their designs or skills in exchange for money.
4. Programming or software development.
Quite similar to the previous point, you can make money by knowing how to write software applications for yourself or a company. This is centred on designing programs or applications aimed at solving a particular problem. You can also earn as a developer by writing codes or designing software for a client.
5. Affiliate marketing.
Affiliate marketing embraces the concept of selling online goods or services by generating traffic. This can be achieved by selling other people’s products or your goods by using social media platforms and links. The goal is to draw the awareness of potential online buyers to the goods or services you wish to sell.
6. Online tutoring.
Are you skilled in teaching? Are you knowledgeable in the basic academic courses like Mathematics, English Studies, the Sciences and other fields of knowledge? If your answer is ‘’Yes’’, then you stand the chance of exchanging this knowledge for money by organizing online tutorial lessons. There are several online academic platforms that will employ your services and pay handsomely for them.
7. Selling of E-books and other educational materials.
This is the idea of selling E-books and electronic notes or journals that are capable of impacting value. For instance, you can write a book that reveals a particular knowledge or teaches a rare skill and put it up for sales. Numerous online stores or websites support this type of transaction, for instance; Amazon, Play Store, Apple Store and just to mention but a few.
You can also make money by transcribing audio to text. Several freelancing websites offer this opportunity to transcribers to take up different online tasks or jobs and they are being compensated afterwards.