How to make money online if I don’t know where to start?
Last updated on July 6th, 2024 at 02:47 pm
Everyone who wants to make his or her life better from time to time think about additional sources of money making. There can be enumerated lots of ways of doing it for students, maternity moms and working people aimed at involving more finance into their budget. Money answers all things. If you have it, you can solve lots of troubles and challenges in life. Though, the proverb says that happiness can’t be bought, money plays a significant role in our life. One of possible ways of improving your prosperity is to make money online.
Fresh statistics on how many people are involved in money making
- Every fifth citizen of America make money Online;
- More than 1/3 of small and personal businesses make money Online;
- 70% of small-to-mid-sized businesses are investing more into their digital presence;
- 30% – 50% off all buying are made online;
- Last year, approximately 1.79 billion individuals made purchases online.
- More than half of businesses interact with clients via the internet.
According to the prognosis of specialists, the number of people who will use online shops will increase. So there’s a grain of reason to invest in online money making. The table below illustrates the tendency of involving more consumers:
| Year | The amount of consumers |
| 2020 | 2,37 billion |
| 2021 | 2,48 billion |
| 2022 | 2,56 billion |
| 2023 | 2,64 billion |
| 2024 | 2,71 billion |
| 2025 | 2,77 billion |
The statistics has been taken from https://www.oberlo.com/statistics/how-many-people-shop-online and https://firstsiteguide.com/online-business-stats/.
Will it take long to get into online business?
It should be said that disregarding which way you have chosen, it always will be a trial and error path. The process is not as fast and easy as it may seem. It needs careful planning and analysing mistakes. Quite often you can come across tempting ads that promise you proven schemes of how to make money online. In this situation we can give you one piece of advice – don’t lose your head. People who promise you so-called ‘cloud-free life’ and high living without a short time span thanks to their scheme, will only improve their quality of life by turning you to their advantage. Instead of spending money on unnecessary shadow schemes concentrate on the following:
- Think about the fields that you are interested in (social media, selling cosmetics/books/devices/accessories and so on);
- Think how to make your offer unique;
- Think about your target audience (age, income class, preferences and things alike);
- You can try to realise several ideas at once. Some of them, probably, won’t satisfy you, but there will be at least one to work.
- Think about the plan and strategies how to realise your ideas;
- Read books on topics related to your project;
- Watch free of charge videos aimed at helping those who are making their first steps in making money online!
- And never give in shadow fast schemes!
Advantages and disadvantages of making money online
| Advantages | Disadvantages |
| The rapid growth of online consumers; The location of your office can be at home; Flexible working hours;A good variant of a side job; Endless opportunities offered by Internet; Minimum of Digital literacy is enough to start; | Isolation which leads to lack of social interactions. People may feel lonely; Bad impact on eyes and sleep caused by long sitting in front of a PC; Scammers are ready to steal your money. |
Ways to protect your online business from scammers
- Monitor your business transactions;
- Never give third parties your personal information;
- Use password securities;
- Install programmes aimed at identification and prevention of scammers’ attacks;
- Contact Customers to Validate Purchases.
The guide with ideas to start making money online
Unleash Your Freelance Potential: Discover the World of Online Opportunities
Embrace the freedom of working for yourself and embark on a thrilling journey into the realm of freelance work. As a freelancer, you have the power to choose your projects and set your own terms. Whether you opt for short-term contracts or long-term commitments, the choice is yours. Even when you collaborate with a company, you remain the master of your own destiny.
With over 2 million jobs for freelancers listed on Upwork, you can rest assured that your dream opportunity awaits. Whether you are starting your freelance journey or seeking to expand your horizons, Upwork is your ultimate destination. Seize the moment and unlock your true potential as a freelancer.
Become YouTube star
You can short funny videos, makeup reviews, video games reviews and add ads to involve bigger cash flow. All in all, in this sphere you can choose the following paths:
- To add sponsored add to your videos;
- To shot sponsored content;
- To promote products and services.
Use your talent, likes and spheres of interest to improve you financial standing.
Go through online surveys
You can participate in online questioning, experiments to get bonuses and exchange them into money later. One thing is to be taken into account – different websites have their own prices and bonuses for accomplishing the tasks.
Use a blog as a source of money
According to the statistics 85.7% of bloggers earn income from keeping online diaries. Bloggers use various ways to monetize their resources. Advertising networks (including contextual advertising) and branded or sponsored content are among the most popular of them. Bloggers also engage in consulting and organise paid speaking engagements or marathons.
Consider Teaching online
If you are a teacher, you can independently package your expertise into a training program, develop video lessons, engage the audience and promote your product.
Opt for E-commerce
If commerce is your thing, try opening an online store. E-commerce is growing at a furious pace, it’s time to join the topic. Create a website on a constructor, a popular engine or CMS, find suppliers of goods, register a sole proprietorship or LLC, connect an online cash register, organise delivery.
Offer useful services for people
If you develop an online calculator, virtual fitting room or interior design builder, you can earn good money too. A creative idea, investment in a website with the required functionality is everything that is required.
Use Telegram to make money online
On Telegram channel you can earn in several ways: advertising, selling goods, and brand promotion.
Create a channel in Telegram, gather a base of subscribers. Regularly post content that is useful and interesting to the target audience.
Encouraging summing up
Thousands of people take risks and try to make money online. For many of them it’s not just a job, but something that can bring satisfaction. To become successful in this sphere it is necessary to bear in mind the following:
- Use your spheres of interest to monetize them;
- Think about the target audience;
- Consider how to make your offer unique;
- Think how to protect yourself from scammers;
- Be creative.
