Top 5 Ways of Making Money Online
Is selling the most successful way of making money online?
I have been making money online for about 2 years now. At first, I didn't make that much and that was because I made some unwise choices and I was learning as I worked.
However, as I learnt from my mistakes, I started to make more money online, than I was earning from my full time job. The main thing I learnt was that it was important not to have all of your eggs in one basket, so to speak.
There are plenty of ways to make money online, so you don't have to choose one way or another. Try everything and which one works best for you, but don't give up on the others, they can help supplement your main income.
One area that seemed to work best for me was sales. At the moment, I have three successful online sales companies and you will find that you can earn thousands of pounds in a week, for example, if you put your mind to it.
However, the aim of this article is to tell you 5 ways that I make money online. Giving you advice on sales will come in a later article. If that is something that you would like to read in the future, then leave a comment in the comments section.
As you may have guessed, my number one source of online income is ebay. I have three stores which sell different items so that they aren't in competition with each other.
My stores specialise in:
- 2nd had sneakers
- movie memorabilia and collectibles
- jumble sale
The items are self explanatory, but in my jumble sale store, I just sell items that I find sitting around the house, that I don't use anymore; or items that people are throwing out.
Last month, I trebled my wages from my full time job with my ebay sales and I am really proud of that. Some people might be wondering why I don't just give up my full time job if I am making that much from ebay?
The answer is that ebay does not provide passive income. If I don't make sales one month, then I do not make any money and I have bills to pay just like everybody else. I use my ebay money towards my car payments, going on holidays and what I would describe as buying my luxury items.
One thing to note is that once you start making money on ebay, it becomes quite an expensive place to sell. If you make more than a couple of thousand per month, you should register as a business, so that you can get somewhat lower sellers fees, or start looking elsewhere. I also sell on Facebook marketplace and I have a shopify store.
Now, with number two, it is important to realise that you are not going to make thousands of pounds making money doing microjobs. You will make around £20-50 per month, per website you use.
Microjobs are boring and they pay little, but I use them to buy items online, or I use them for amazon credit.
Microjobs are little jobs that corporations hire people to do for them. They might be checking a website for spelling errors, or writing titles for book reviews. I have even signed up to a shopping website just to get credit.
The trick with microjobs is to sign up for many websites that list these jobs, so that you have a choice. Some websites only have five jobs per month. Now, if you have only signed up to one site, you won't get any work. I am signed up to 25 sites and I get work everyday.
3. Writing Articles
I have an article writing business where I guest blog for other bloggers and services and they pay me a fee. We agree on the fee before I start and I am paid upon receipt of the article. If I do not receive payment, I copyright my article and it can't be published.
I also have my own website, which I make money on and I write copy for affiliate marketing companies. I am at the stage in my writing career where I can't keep up with demand for my affiliate marketing articles, so I hire people on Upwork to do the writing for me and I just edit the articles before they are sent to my clients. This gives me more time for other things. This leads me onto number 3 quite nicely...
As well as hiring my writers on Upwork, I also apply for freelance work on there as well. I bid for social media jobs, writing jobs, website maintenance jobs and app testing jobs.
The beauty of freelancing work is that I can do it from anywhere in the world, as long as I have access to a computer and the internet.
However, the downside is that there is a lot of competition for the jobs and there isn't really enough work that you can quit your job and you won't have to worry about money.
Again, this is not passive income. You will have to work for every penny and sometimes, you might feel like you are working day at night. But, stick with it and use it as a stepping stone for something else.
5. Social Media
Yes, you read that right; I do make money from social media.
I do this by running other people's social media marketing for them. Essentially, I am paid to post on social media for stores and other companies. I get a wage for posting, and then if there is a sale through a link that I post, I also get a commission for that sale. This is quite similar to affiliate marketing, but I will go into that in another article.
If you are thinking of going into social media, you should aim to get more than one client so that you have more than one wage coming in.
As with my other points, this is not passive income, so I can't quit my job just yet. However, some of my links continue to make me money months after I have posted them.