Today you're going to learn how to make money online in 2021.
In fact, you don't need a lot of money or a large audience to start.
And to be clear, we will not cover generic ideas like using cashback services, online surveys, or selling your old items.
Most of these business ideas are low-cost, easy to start, and highly scalable.
Let's dive into the ways to make money online in 2021.
- Become a Freelancer
- Sell Digital Products
- Try Print on Demand
- Start Dropshipping
- Start a YouTube Channel
- Become an Influencer
- Start a Blog The Right Way
- Stock Market Investing
- Affiliate Marketing
- Review Websites and Apps
Disclaimer: This post contains affiliate links that may provide a commission to me at no cost to you.
1. Become a Freelancer
The easiest way to make money online is to become a freelancer. You can offer services to clients online.
You can create services on Fiverr and charge between $5 - $10,000.
The secret to getting more clients with less work on Fiverr is creating services that you:
- Have the expert skills for
- Will complete quickly
- Can charge a high price but less than your competition
To succeed on this platform, you have to use the Halo Effect.
The Halo Effect is a term for a consumer's favoritism toward a product due to positive experiences with other products or aspects of this brand.
For example, if you land on a landing page that looks poorly made, you'll make objections to buying their product.
But when you land on a website that looks and feels premium, you'll believe their products are premium too.
This means that you need to make high-quality services, descriptions, product images, and a convincing bio.
In return, your clients will rate you with 5 stars which will convince others to work with you.
Some freelance ideas are:
- Graphic Design
- Photo Editing
- Video Animation
- Content Writing
- Transcripts
- Web Development
- Voice Overs
- Display Advertising
Start freelancing with Fiverr today and start making money.
2. Sell Digital Products
You can start an ecommerce business that sells digital products.
When creating digital products, you will put a lot of work upfront.
But you will not have to put in extra work for each sale which makes this extremely scalable.
Some digital product ideas are:
- Ebooks
- Templates
- Sound Packs
- Video Animations
- Tutorials
- Online Courses
- Image Packs
- Fonts
- Logo Designs
- Photoshop Presets
- Apps
- Games
- Plugins and Themes
Remember that your product needs to provide value to your community.
If you just sell a low-quality product and expect it to prosper, then you've made the same mistake that makes over 90% of online businesses fail within the first four months.
You'll have a good chance of success if you focus on:
- Customer Experience
- Selection
- Ease of Use
- Low Prices
- More Information
- Great Customer Service
I recommend using Shopify to create your online store.
3. Try Print on Demand
You can start a print on demand business for completely free with Spring.
You'll create designs that go on items like t-shirts, hoodies, and mugs.
To create your designs, you can use Canva or Photopea which is a free online replica of Photoshop.
There are no startup costs or fees. And you get to set your profit margins.
With print-on-demand, you don't have to store inventory. Spring will add your design to the product, fulfill the order, and ship it to the customer.
If you follow the tutorial above, it will walk you through creating your store and promoting it on Instagram for free.
To promote your products and get sales, you can create an Instagram page.
Placeit.net has an immense library of mockups. You can upload your design to Placeit and choose a picture from their collection of mockups.
Then you'll post the mockups to Instagram and get sales using the video's strategies.
4. Start Dropshipping
Dropshipping is a business model where you sell other company's products on your online store without stocking any inventory.
Your dropshipping supplier stores, packages, and ships the product to your customers on your behalf.
For example, you could find a product from Spocket for $15 and sell it on your ecommerce store for $20. Your supplier and customers are happy, and you keep the $5 profit. And this sequence is automated.
Here's how it works:
- You create a website with Shopify and upload images and reviews of the products you want to sell.
- The customer buys the product, you keep the profit margin, and the order gets forwarded to the dropshipping supplier.
- The supplier delivers the product to the customer.
As you can see, you make a profit from being the middleman.
With Spocket, you will find suppliers from the US and EU to get quicker shipping.
The video above is the most effective dropshipping tutorial.
It shows you how to start from scratch, find suppliers, create a Shopify store, and get your first sale.
5. Start a YouTube Channel
A YouTube channel is the best online business to start when you want to build a large audience.
Although the platform has become saturated, you can stand out by using proven strategies.
To go viral or grow quickly, you have to figure out the secrets that the pros use.
Here are some YouTube channels that go in-depth on how to succeed with YouTube:
- Roberto Blake - Making Money From YouTube
- Paddy Galloway - Why YouTubers Become Successful
I also use vidIQ to track competitors, find relevant keywords and tags, and analyze my growth for free.
What about monetization?
When you reach 1,000 subscribers and 4,000 hours of watch time, you can run ads on your videos through Google Adsense.
You can also include affiliate links in the video descriptions, get sponsors, sell merch, and include links to your website.
Recommended: How to Start an Online Business: The Ultimate Guide (2021)
6. Become an Influencer
You can grow a large audience on social media by providing value consistently.
Some of the best platforms to grow your business are YouTube, Instagram, and TikTok.
Remember to treat it as a business, instead of a hobby. Businesses solve problems, aim for growth, and make money.
Figure out the secrets that make consistently viral posts, and optimize your content strategy accordingly.
This means: Don't create generic content that everyone else makes.
Instead, have a unique selling point that makes people want to remember you.
To make money from social media, you can use affiliate marketing, sponsorships, ecommerce, and more.
7. Start a Blog The Right Way
Starting a blog may seem outdated but it's really growing faster than ever before.
But first, you need to treat your blog like a business instead of a hobby if you want it to prosper.
Many "blogging experts" will tell you to write about your passions to earn a decent amount of money in years.
That advice is very outdated, too generic, and will not work in 2021.
Instead, start a blog that solves people's problems.
When searching for answers on Google, we mostly click on blog posts. And people want their problems to be solved quickly.
You don't need to write dozens of blog posts to make money.
Focus on quality over quantity, and remember that innovation is key to growth.
The main mistakes I see new blogs doing are:
- Thinking people read blog posts - We don't read, we scan.
- Scraping content from other blogs - Copying others won't add value unless you have a unique selling point.
- Not getting to the point - People will think you're a scam.
- Trying to reach a certain word count - Focus on providing value and the word count won't matter.
What about monetization?
You can make money from a blog through ad revenue, affiliate marketing, digital products, memberships, consulting, and merchandise.
Also, read my free ultimate guide to starting an online business:
5 Steps to Start a Profitable Online Business in 2021
You'll learn how to:
- Choose a business idea.
- Find a profitable niche.
- Create your website.
- Market your brand and scale.
- Monetize your business.
If you are ready to start now, sign up with Bluehost for $3.95/month (discount included), which comes with a FREE domain name.
8. Stock Market Investing
This is the best long-term source of passive income because you can make your money work for you.
Watch the video below to gain a solid understanding of how the stock market works.
Stockbrokers like Webull and TD Ameritrade will let you invest in stocks, ETFs, options, and cryptocurrency.
When you buy a stock, you buy a tiny piece of a company called a share.
If the company's value goes up, so does your share value. And the opposite applies.
I recommend investing in index funds since they contain a wide variety of companies and have a low risk.
Investing in stocks is a long-term game so I recommend starting now. But expect to see large gains in months to years.
If you want to make money way quicker, you can learn how to swing trade stocks.
But investing in index funds and ETFs are way safer for beginners.
9. Affiliate Marketing
This is a monetization method for the business ideas mentioned above.
Affiliate marketing is when you find a product you like, promote it to others, and earn part of the profit for each sale you make.
For example: If you have a business in the finance niche, you can make a product review on the best financial books for beginners.
Sign up for affiliate programs like Amazon Associates and Commission Junction.
Before promoting a product, make sure:
- You have used or have experience with it.
- The product will benefit your audience.
- It will build your brand's reputation.
Throughout your content, link to the product with your custom affiliate link. Remember that you can link to many different products.
If you have a YouTube channel, you can include your affiliate links in the description of your videos.
Affiliate marketing is definitely the easiest monetization method. Just make sure you promote great products that will bring value.
10. Review Websites and Apps
If you’re passionate about user experience, UserTesting will pay you $10 to give feedback on websites and apps.
You’ll be given a set of questions to answer while you review the websites.
You have to film a video that explains your thoughts on the services.
Each review takes 20 minutes to complete so you can make 3 reviews per hour and make $30.
Now It's Your Turn
I hope you enjoyed my ultimate guide to making money online.
Now I’d like to hear from you: which ways are you going to try first?
Are you going to start a YouTube channel?
Or maybe you want to try dropshipping?
Let me know by using the contact form.
I hope you enjoyed this post. Share this post with your friends! 🙂