2021 is the perfect year to earn passive income on the internet. The global commercial network is rapidly going digital, and there are now countless ways of making money online. Some of these tasks require expert knowledge, and many don’t.
Plenty of opportunities for Entrepreneurs, 9-5 who wants to start a side hustle and make extra income, people looking for work from home jobs, those wants to achieve financial freedom.
Here are the top ten ways of online revenue generation
- Becoming an Affiliate Marketer
Affiliate Marketing is an easy and effort-free money generation tactic. Affiliate marketers need to register as an affiliate on Affiliate Networks like ShareAsale, CommissionJunction, ImpactRadius, Avangate to sell products (physical and digital). Affiliates can sell promote the products via blog, social media like facebook or Instagram advertising (Organic & Paid), forums, groups, youtube and make sales. Whenever any sales generated you will get a commission from your network.
Revenue generation from affiliate marketing doesn’t happen overnight. Marketers need to have a decent online following, a functioning website, a sizable email list, or an active customer base to start earning commissions on sales.
For instance, registered Amazon affiliates receive ‘kickbacks’ whenever someone uses their recommended affiliate link to purchase a product. Affiliate marketers don’t have to invest in stock, transportation, delivery, etc. They simply need to ensure their recommended links receive online traffic.
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Audio content has impressed a lot in the content marketing industry.
Did You Know?
One-third of population listen or watch podcast atleast a month.
People with expertise or knowledge in particular fields can easily discuss exciting topics on their podcasts to build a following. Then, they can monetize this following by sharing ads, affiliate links, etc. Recording podcasts is very easy and requires minimal investment in equipment. People interested should launch their podcast on popular platforms like iTunes, Spotify, TuneIn, etc.
Podcasters can make good money every month from sponsorships
3) eBook Author
Writing a concise and informative e-book shouldn’t be a challenge for people with experience in a particular industry or topic. eBooks can be marketed and sold on Amazon, Clickbank. As long as the eBook contains useful information, it will keep attracting readers and generating passive income for the author.
Unlimited Sales with 1 good e-book
4) Online Course Creator
People with expertise in specific fields can share their knowledge by creating online courses. On educational websites like Udemy.com, thousands of students purchase new online courses every hour. A well-crafted online course can be sold on many sales channels to generate passive income for an extended period. Online course creators should create courses that are internationally appealing, unique, and contain easy-to-consume video lessons.
5) Master Google AdSense
Google AdSense is a pioneer in the field of passive online income. People who master Google AdSense can place advertisements on their private websites, blogs, podcasts, and make little amounts every time a visitor clicks on one of those ads.
Yes, earning cents per click doesn’t make anyone instantly rich. But websites receiving a lot of traffic can quickly generate steady income every month. Website managers need to follow Google’s guidelines and recommendations to start earning.
6) Receive Donations
Online content creators often crowdfund their projects by adding donation buttons on their websites, YouTube channels, podcasts, etc.
Hoping for donations doesn’t guarantee constant passive income, but a loyal customer base will always be pleased to help out.
7) Facebook Influencer
Contrary to belief, the Facebook algorithm is very income-friendly. For instance, Facebook groups receive much more engagement than official business or personal pages.
Since Facebook aims to engage its users for long periods, creating Facebook groups and attracting a specific group of followers is an amazing way to promote products, share affiliate links, and directly earn revenue from the followers.
Websites like RentNotBuy.com have made it super-easy for users to rent out possessions in return for monthly rental payments. For instance, a person who owns two bikes can easily use these platforms and build a steady cash-generation scheme by renting out the bike.
9) Remote Jobs
Remote working is ideal for people with any type of digital skills – coding, graphic design, web design, creating Excel sheets, writing content, etc. To become high paying freelancers, people must open accounts on major freelancing platforms like Upwork, Freelancer, Fiverr, Toptal, X-Team, etc.On these platforms, they can scout jobs, search for clients.
10) Survey Participant
Survey sites ask participants to answer long and detailed surveys in return for decent payment. It’s by far the easiest form of online revenue generation. People interested in earning money by answering questions should check out sites like Survey Junkie, Inbox Dollars, Toluna, etc.
Although there are tons of options but we have guided you on top 10 proven ways only. You can start a blog, promote affiliate products, create your own digital products or start selling digital marketing services such as SEO, Social Media, PPC, Branding.
Before start anything decide what you are good at and enhance your skills with time. Read books, popular forums, watch videos and plan your side hustle.
Try until you succeed.
Some more options you can try:-
- Launch your own ecommerce business on Shopify
- Create your own gig and start earning from Fiverr
- List your property on Airbnb and make passive income
- Create your own app and monetize it.
- Make money from sponsorships