Investing

How To Make Money Online For Beginners

Jesse
6 mn

If you're looking to earn extra money from anywhere online you've come to the right place. Making money online has certainly become more accessible and easier over the years, and in this blog, we're reviewing several ideas to do so without having to invest copious amount of money.

Whether you're looking to make some money on the side, or as a full-time pursuit, remember that as with most things in life: consistency is key. On this page, you'll find a number of beginner options requiring no particular skillset (only a bank account) for you to look into, relevant everywhere from the United Kingdom, European union to Australia. Each method varies in financial contribution, which we've highlighted at the end with a rating of the start-up costs.

Top 5 Ways To Make Money Online For Beginners

1. Affiliate Marketing

Affiliate marketing involves an individual earning money through promoting another business's product. This can be done through your own platform which might range from a blog to a website, social media, email campaigning or simply Google Ads. All you need is a working internet connection, a bank account and a reliable browser. Each time a friend or family clicks and signs up for the product, you bank a commission. 

Many companies these days offer this service, try to find one that you and your network might be interested in and see the opportunities that they present. 

Start-up Costs: $

2. Dropshipping

This will require a substantial amount of effort, however, the returns will be that much greater. Dropshipping involves selling a product online that you do not need to keep an inventory of, instead, the company that you are buying the goods from sends them directly to the customer. 

You act as the middleman between the manufacturer and the consumer and make money from the margin that you add. The start-up costs will be for your online website and marketing. 

Start-up Costs: $$

3. Freelance Your Skills

You can hire out your skills on sites like Upwork or Fiverr. Users create profiles expressing their skills, anything from writing to graphic design to music creation, and can apply to jobs requiring these skills. 

These sites will typically allow employers to connect with employees, and once the work is completed the funds are deposited directly into your account. This is also a great way to start a side hustle in your area of expertise without having to tuck into your savings.

Start-up Costs: zero

4. Trade Cryptocurrencies

Buying and selling cryptocurrencies has become a lucrative business. Before climbing into this do your own research so that you understand exactly what you are getting involved in. Our blog section on how to learn crypto is a great place to get started. The crypto market is known to have high volatility, which provides an excellent opportunity to buy low and sell high. 

Whether you're trading daily or a few times a month, the returns can be impressive if you know what you're doing. To get started sign up for a reputable and regulated cryptocurrency exchange like Tap enabling you to keep your funds nicely safeguarded.

Start-up Costs: $$

5. Earn Interest On Fiat And Cryptocurrencies

Harness the power of your money and get it working for you by creating a passive income. Through a number of Earn programs available online users can store their money in a specific account or wallet and generate returns. 

The Tap Earn program allows users to make up to 5% APY (annual percentage yield) which is paid out on a weekly basis. If you have fiat or crypto funds lying around, you might as well store them somewhere where they can generate returns. All you need to get started is your mobile phone and 5 minutes.  

Start-up Costs: zero

Earn Money Online From Anywhere In The World

Of course, this list is only a small portion of the ways you can make money online, simplified down to the top 5. If you have more time at your disposal you can engage in market surveys, beta testing, becoming a virtual assistant, or even coaching. 

The opportunities are endless, with a wide range of start-up costs, time management, returns and the amount of effort required are to be considered. Ensure you do adequate research in order to learn about your next venture before diving in. At the end of the day, anyone can earn money online, the first step is just to get started. Good luck, may you have only lucrative experiences.