How to earn money online - Technology News

Earning money has always been associated with traditional 'offline' ways found in the real world. 

Thanks to the internet, there is an endless number of ways to make money online. Here are just 21 ways you can make some extra money on the side.

With the Internet taking over a large part of our lives, more people are looking to ways to earn money online to increase their financial inflows. 

However, you have to be careful about the platform that you opt for. While there are numerous ways can help you earn money online, some of these could end up being scams, hence you have to be careful. Also, do not expect to earn a huge amount quickly when using online avenues to earn money. 

Luckily, in the age of the internet, making extra money (or your whole paycheck) online is incredibly easy if you know where to look.

Here are 21 ways to make (and save money) online:

1. Take surveys online

While taking online surveys won’t make you rich by any means, a few minutes of your time can earn you a few extra dollars.

Swagbucks

Swagbucks allows you to earn points and then redeem them for gift cards.

You earn points by shopping through their portal, filling out surveys, watching videos, etc. The best part is it’s free to sign up! They are currently giving a $10 sign up bonus.

There are a number of other websites that will also pay you to take surveys. They include:

2. Become a freelancer

Freelancing has always been a popular way to earn money online and the Internet has a plethora of options. There are several websites offering freelance tasks for people with varying skills. All you need to do is to create your account, browse through the listings, and apply for the task that suits you. Some websites may even require you to create a personal listing with the details of your skillset, so that interested clients can contact you directly. Outfiverr.com, upwork.com, freelancer.com,, and worknhire.com are some websites that provide freelance jobs. You can earn anywhere between $5 and $100 through these websites. 

But remember, you will only be paid once you complete your task and it has been approved by your client. This may even mean revising the work several times unless the requirements of your clients are not met. Some sites may ask you to set up a PayPal account, as most clients prefer to make payments through it.

3. Invest with a robo-advisor 

Robo-advisors put your investments on auto-pilot. With many Robo-advisors, all you have to do is choose your risk, your goals, and fund your account. The Robo-advisor will take care of the rest. For those who are looking to invest, but may not understand the ins and outs of investing, Robo-advisors can help. 

Here are a couple of our favorite Robo-advisors!

Betterment

How To Make Money Online - 21 Ideas To Help You Start Earning More Money - Betterment

Betterment is a simple investing platform. You can easily open sub-accounts that use different portfolios for reaching multiple goals. It’s also surprisingly inexpensive! Betterment’s Digital plan charges 0.25 percent annually. You’ll have access to a full suite of services as well as mobile messaging to an advisor

M1 Finance

How To Make Money Online - 21 Ideas To Help You Start Earning More Money - M1 Finance

M1 Finance is a hybrid Robo-advisor and traditional brokerage, meaning you have a little more control in picking your portfolio than you would with just a Robo-advisor. M1 allows you to pick and choose “pie slices” (different investments), which make up your portfolio. 

 M1 Finance is completely free, so any beginner investor should check them out. 

Wealthfront

How To Make Money Online - 21 Ideas To Help You Start Earning More Money - Wealthfront

Like Betterment, Wealthfront has a lot to offer investors. And what you’ll be excited to hear is that Wealthfront doesn’t charge management fees on balances under $10,000. They require a $500 minimum investment and its fee is 0.25 percent fixed a year on portfolios over $10,000—one of the more quite competitive fees.

4. Surveys and searches and reviews

There are several websites offering money to undergo online surveys, carry out online searches, and write reviews on products. To get the credit, one needs to disclose certain information to them including one's banking details. This is why you should use this route with utmost care. Some of them may even ask you to register with them before working on projects. The most important watch out in such projects is to stay away from websites offering money that appears too good to be true. Be careful while evaluating the reputation of the website as many of them could be a scam. Most sites promote businesses showing copies of cheque payments which may have been given to the middlemen only.

5. Virtual assistantship

Doing all the corporate stuff from one's home is what a virtual assistant (VA) does. VAs basically work remotely with their clients and manage the aspects of their business that they are too busy to handle themselves. When you work as a virtual assistant, you can choose to work as an employee or you can set up your own business.

VAs are skilled, home-based professionals that offer companies, businesses, and entrepreneurs administrative support. Some of the major areas of work include making phone calls, email correspondence, Internet research, data entry, scheduling appointments, editing, writing, bookkeeping, marketing, blog management, proofreading, project management, graphic design, tech support, customer service, event planning, and social media management.

Becoming a VA can entail some degree of training or briefing, depending on your qualifications. However, if you have good communication skills and are capable of using applications like MS Office, you can just sign up on sites such as Elance.com, 24/7 Virtual Assistant, Assistant Match, eaHelp, Freelancer, FlexJobs, People Per Hour, Uassist.Me, Upwork, VaVa Virtual Assistants, Virtual Staff Finder, Worldwide 101, Ziptask, Zirtual and so on. A VA my expect earnings in the range of Rs 500-Rs 4,000 per hour.

6. Translating

Knowing a language other than English may even help you earn some extra bucks. There are several websites that offer translation projects that require translating a document from one language into another. This may include Spanish, French, Arab, German, or any other language to or from English.

For many, this can make the task rather time-consuming and therefore they hire translators available online from anywhere across the globe. Several websites such as Freelancer.in, Fiverr.com, worknhire.com or Upwork.com offers you a platform to be a professional translator.

Those who do not have the knowledge or do not have the time to complete their projects on their own, put up their work on these platforms where you can register and start bidding on translation jobs and get paid in the range of Rs 1-Rs 5 per word. This can go up to Rs 10 for some languages.

7. Online tutoring

If you are an expert in a particular subject, you can earn by tutoring people online. Online tutoring provides a means to connect online with students of all ages, across the country to provide homework help and tutoring in the subjects for which you have demonstrated expertise.

One may sign up on websites like Vedantu.com, MyPrivateTutor.com, BharatTutors.com, tutorindia.net as an online tutor by creating a profile, and listing the subjects or classes you want to teach, how much experience you have, what your qualifications are, etc. Some of the platforms may offer flexible and convenient time to work as an online tutor.

Most platforms follow the process that will ask you to apply by filling in a simple form, and then a teaching demo will have to give their experts. Once selected, documentation and profile creation will be done, followed by training and induction webinar. Once you attend the webinar, you will be listed as a teacher and will get your online sessions to conduct. Beginners can make around Rs 200 per hour, which can increase to Rs 500 as you gain experience and expertise.

8. Social media

In addition to interacting with friends and strangers, social networking platforms like Facebook, Twitter, Instagram, and Snapchat can be used to make money. Companies and popular brands pay social media strategists to further boost the popularity of their products. With lots of competition around and the constantly shortening of attention time of online viewers, creativity is essential to create posts, videos etc that can go viral quickly and enhance the brand value. Remember, social media needs dedicated time and energy to stay relevant. Hence, you need to share posts regularly and interact with your followers on a regular basis.

9. Web designing

Not all business owners are tech savvy but the need of the hour is to have a website of their own. Those who have a knack for all- things- tech, especially related to websites, can help small businesses set up their own websites and earn from it. Coding and web designing are essential ingredients in setting up websites. Further, websites need maintenance and may require frequent updates, which may add to one's revenue. Depending on the client and job, a single project can fetch you anywhere between Rs 20,000 and Rs 1 lakh.

10. Content writing

Online platforms can be a good starting point. Depending on the quality of the articles, one gets paid. One may be asked to work upon articles with specific guidelines as well. Develop a niche in your area of expertise and build strength in that domain to increase the revenue stream.

11. Blogging

It starts with a hobby, interest, and passion and soon blogging becomes a career option for many bloggers. There are a number of full-time bloggers in the country. There are two ways to start a blog: you can either create a blog through Wordpress or Tumblr, which requires no investment or go for a self-hosted blog.

In the case of the latter, you will have to spend money on domain name and server hosting space that can cost you between Rs 3,000-Rs 5,000 a year. Self-hosted blogs have an added advantage that it allows you to customize the elements and functionality of your website. In the case of the former, you need to make peace with the tools and plug-ins made available by the service provider.

You may monetize the blogs through ads, product reviews, and so on. But remember, earning through blogging may also take a lot of time and effort. For some, it may take as long as a year to actually earn through blogging.

12. YouTube

If you are not comfortable in penning down your thoughts through blogs and content writing, make use of your camera to create a video presentation. Create your YouTube channel, upload videos and start monetizing them. Choose a category or subject that you want to make videos on and get started, but make sure it's a topic that will interest a lot of people. Everything from cooking shows to political debates can find many takers on YouTube. You have to create a YouTube channel, which works on a similar model as a blog. As you make your channel popular and the number of subscribers grows, so will your earning potential. The payment one gets is based on every thousand views.

13. Kindle eBook

If writing books interests you, an option you have is to self-publish eBooks and paperbacks with Kindle Direct Publishing and reach millions of readers on Amazon. Publishing takes less than 5 minutes and your book appears on Kindle stores worldwide within 24-48 hours. One can earn up to 70 percent royalty on sales to customers in the US, Canada, UK, Germany, India, France, Italy, Spain, Japan, Brazil, Mexico, Australia, and so on. One can keep control of one's rights and set their own list prices and also make changes to one's books at any time. BooksFundr and Pblishing.com are two other places to get your book published and earn money.

14. Selling your products online

If you want to sell products online, you may can it by creating your own website. As there's lot of competition and several existing websites in place already catering to this market, an attempt to create a niche in terms of products may be considered. Or, you can use the platform such as Amazon, Flipkart to sell. One can increase reach and visibility through affiliate marketing.

15. PTC sites

Several websites offer money (after a minimum level of earning) by clicking on advertisements. Hence, they are called paid-to-click (PTC) sites. One has to get registered before the project begins. Not all of these sites could be genuine, so be careful. One may also refer friends and earn money in the process. Some such sites are ClixSense.com, BuxP and NeoBux are some of such PTC sites.

16. Peer to peer

Similar to e-commerce websites such as Amazon and OLX, a peer-to-peer (P2P) platform is a marketplace for money lending activities. You can lend money to others in a more organized and structured manner using the P2P lending platform. The P2P platforms have the recovery process in place and one should understand it before using the services of the platform. Since this is an unsecured loan where there is no face-to-face interaction, a P2P lender needs to be aware of the risks involved. Currently, the interest rate earned can be anywhere from 13 percent to 30 percent.

17. Data entry

Although this line of work is seriously threatened by automation, there are still plenty of data entry jobs available in India. It is one of the simplest jobs you can do online and requires no special skills. You just have to have a computer, Internet connection, fast typing skills, and the ability to pay attention to details. Most freelancing websites list these jobs, and you can sign up on any of them to start earning in the range of Rs 300 to Rs 1,500 per hour.

18. Invest in real estate

Investing in real estate online is a great form of passive income if you’re open to a little risk.

Real estate crowdfunding involves many investors investing small amounts of money into real estate ventures.

There are a couple of companies that are the frontrunners in the real estate crowdfunding industry.

Roofstock is one. They focus on single-family homes that you can buy and use as rental properties. It’s a platform for investors and created by investors, which is why there are no fees to join and search their properties. For more information, see our Roofstock review.

Another well-known name in the real estate crowdfunding world is Fundrise. They have a super low minimum investment of just $500 (which is almost unheard of in the real estate industry), and Fundraise states that their annual returns generally range from 8.7%-12.4%. Read our Fundrise review.

19. Invest with a broker

The stock market scares a lot of folks, but it’s getting easier and easier to invest your money in stocks, even if you don’t have a whole lot of know-how.

But no longer – that’s right, no need to be scared of the investing world with so many excellent options out there. Here are 4 good places to start digging in.

If you invest through a company like E*TRADE, they offer tons of investing tools so you can invest on your own, and you can trade stocks, options, and ETFs for $0.

For slightly more seasoned investors, Zacks Trade makes day-trading easy and cost-effective. You can buy stocks and bonds, ETFs, options, and more. Their pricing is simple and straightforward – stock and ETF trades can be made for $0.01 per share (with a $3 minimum).

TD Ameritrade is attractive for young investors because it has no minimum investment and they offer tons of tools for every level of investing. You can also trade through their mobile app which makes it super convenient. 

Ally Invest is one that truly stands out on its own from the group because they have no commission fees AND no account minimum! For the self-directed trader, this is a dream come true. You can invest in stocks, ETFs, options, bonds, and mutual funds – so there’s a little something for everyone.

20. Sell or rent your belongings

This could mean selling a few things here and there on Ebay, running a full-fledged online store, or renting out your home (okay, so that’s not entirely online, but it starts out there).

Ebay

Ebay may seem old school, what with Amazon and Etsy, but selling stuff you don’t need is a great way to make extra cash.

You can make a free account, but you’ll be limited to how much you can sell. If you want to sell more than 50 items a month online, you’ll need to sign-up for one of Ebay’s subscriptions.

Starter: $4.95/ mo with an annual subscription

Basic: $21.95/ mo with an annual subscription

Premium: $59.95/ mo with an annual subscription

Anchor: $299.95/ mo with an annual subscription

Enterprise: $2,999.95/ mo with an annual subscription

Each comes with different selling caps, and the higher the subscription, the lower the fees.

Etsy

Etsy’s setup is a lot more satisfying than Ebay and even Amazon. But, just like Ebay and Amazon, Etsy does have some fees to consider if you’re planning on just casually selling. The fee schedule goes as follows:

$0.20 USD for each item that you list for sale

When you make a sale you’ll be charged a transaction fee of 3.5 percent of the price you display for each listing

Craigslist

If you want to go real old-school, you can sell your items on Craigslist. While there’s a lot that can go wrong on Craigslist

, it’s still one of the most used sites—mostly because it’s free.

Sell your textbooks

Textbooks are expensive—too expensive for most. So, if you have old textbooks you’re never going to look at again—or never looked at in the first place—selling them can make you back some of the money you had to spend.

If you buy your books from Barnes and Noble, they make it easy to sell them back at the end of the year!

Rent your home on Airbnb

Unless you’ve been living under a rock, you’ve probably heard of Airbnb. If you have an extra room or even a whole house you’re willing to rent out, you could earn a hefty side income.

There’s a cost when it comes to listing on Airbnb, You’ll be charged three percent of the booking total. Since you can set prices, however, you’ll still have quite a bit of control over how much you can make as an Airbnb host. 

21. Download money-making apps

If you already shop online, downloading money-making apps can earn you cash every time you shop. Let’s take a look at some of the best apps.

Drop is easy-to-use and lets you earn gift cards for the money you’re already spending. All you have to do is sign-up using the Drop app, or online and link a debit or credit card. Then you pick five of your favorite brands from a list Drop provides. Make sure you choose carefully because you can’t change these once you’ve picked.

Now, all you do is shop at those places and your points will start adding up. Check out our thorough review of Drop!

Another great option is Acorns and my experience is that Acorns can make anyone an investor. It helps you start saving by rounding up your purchases on the debit or credit card of your choice. Then, every time you hit $5 in savings, Acorns invests your money in ETFs. Mighty convenient. Acorns cost $1, $2, or $3 per month depending on the plan you choose – making it a cheap option for young investors. Here’s our review of Acorns

Finally, Swagbucks, another cool option lets you earn gift cards and cash for shopping online, watching certain videos, and answering surveys. You can redeem points for cash through PayPal, or get gift cards from retailers like Amazon and Walmart. 

Thanks,

Shivraj Kaithwas

Technology News

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