Are you looking for ways to earn some extra income? The conditions caused by the pandemic have driven millions of people to consider career switches, with many setting up online ventures. Ever-improving technology and global connectivity means workers are no longer restricted to traditional 9-5 jobs in set locations.
Instead, working online provides flexibility and portability – and there are countless different ways to approach it. The right method for you will depend on factors such as your skillset, interests and how much spare time you have available.
Start your research by reading about five of the most popular ways to make money online in 2021 below.
Setting up an ecommerce operation is perhaps the most obvious way to go. If you already create or design anything such as photographs, clothes or decorations, why not make more and sell them online for a profit?
There are lots of easy-to-use website builder platforms out there to help you get set up. Other factors to think about include marketing and shipping.
Do you specialise in an area of work that lends itself to freelancing? Perhaps you’re a writer, graphic designer or website builder – all three of which can be sold as services to paying bidders.
Going freelance isn’t easy and you’ll need to get used to managing finances and winning clients. If you succeed however, you could earn far more money than ever before.
From running leadership workshops to creating industry-specific training guides, there are lots of ways to monetise your expertise online. Social media can be a useful tool for sharing your insights when you’re just getting started.
Once you’ve built up a following, you could begin hosting online events and charging attendees for tickets. You’ll just need a virtual event app to host the event and a platform to collect ticket sales.
Trading and investing have also grown in popularity in the past few years as online trading platforms have become more and more accessible. There are lots of different markets to explore, such as forex, stocks and cryptocurrency, and you can buy and sell instantly from your phone.
Make sure to carry out in-depth research before investing your money however, as trading markets are notoriously volatile.
If you’re a native English speaker, you already possess one of the world’s most in-demand skills. There are various providers out there who could pay you handsomely to teach English online to students in China, Korea and beyond.
It helps to have English qualifications and teaching experience to prove your credentials, but they aren’t an absolute necessity.
The internet is creating opportunities for people of all walks of life to earn extra money and even give up their traditional jobs. Could any of these five options suit your lifestyle?