Hardworking and smart business owners seldom have to worry about making money. Several platforms offer online entrepreneurs a way to explore their skills to the fullest. The internet paves the way for individuals to build the right connections, provide products and services and keep earning money.
1. Start a YouTube Channel
Video is the most loved content format right now. That’s why having a YouTube media business is so profitable. Successful YouTubers are celebrities in their own right.
As a YouTube Partner, you can earn money from different channels: ads, channel memberships and super chats. To be eligible for the YouTube Partner Program, you need to have a minimum of 1,000 subscribers and 4,000 video watch hours on your channel in the last 12 months. Once you meet those criteria, you can make around $7.60 for every 1,000 video views.
You can also earn from YouTube’s Red subscribers. These subscribers pay to use YouTube for ad-free viewing – as a content creator, you get paid for the view-time and engagement on your videos.
2. Start Your Own Podcast
When I was in school, I loved listening to the radio and I think a lot of us did.
Audio content is back with a bang; podcasts are the new-age radio. Podcasting helps you to share information and entertain your audience on a given topic. It’s a great way to reach out to people while they’re on the move – driving a car or in the middle of a workout.
You can start a podcast about any topic; it could be music, dance, poetry, literature or sports. Make sure to focus on the quality of your shows which includes both content and production. You can be the scriptwriter, the voice talent and the editor, or hire specialists if you want.
As a podcaster, there are several ways you can make money: content sponsorships, product mentions and podcast subscriptions. It may take a few months to a year before you see any financial gains, but you’ll enjoy the process.
Are you worried that podcasting is about sophisticated equipment and editing tools? This tutorial video by Pat Flynn should help clear all your doubts.
3. Work as a Virtual Assistant
A great way to make money as someone who’s a jack of all trades is to find work as a virtual assistant.
As a business-helper, you can assist a small business owner with miscellaneous tasks such as booking meetings, taking notes, replying to emails or managing their social media. Becoming a virtual assistant can be a fantastic way to help an entrepreneur meet his or her goals.
You must have the necessary organisational and interpersonal skills. Other than that, you should understand the nuts and bolts of business communication. Some of the popular types of virtual assistant jobs include customer service, administrative support, managing a website, scheduling and writing posts for social media, managing finances, managing emails, writing content and doing sales and outreach.
As a virtual assistant, you can make $8 to $40 an hour.
4. Start a Professional Blog
You may not know this, but professional bloggers can create many streams of income. But blogging for money takes quite a few dimensions other than good writing. Making money as a full-time blogger requires skills including understanding of a niche, SEO and knowledge of a CMS like WordPress.
A professional blogger’s primary goal should be to build a large audience. By becoming an affiliate, you can recommend products in your niche and get a commission when people buy those productsPlus, you can run sponsored stories or sell courses and eBooks.
5. Become a Freelancer
Freelancing allows you to turn your passion into a profession. Whether you enjoy writing, graphic designing, coding, creating presentations or developing strategies, freelancing has great potential right now.
As a freelancer, you have the option to tap into niches like artificial intelligence, machine learning and data science. These are new verticals that have a massive shortage of skilled professionals
Freelancers should build a website where they can showcase their portfolio and generate new business. And besides, you can work on your personal brand by publishing content on platforms like LinkedIn, Quora and Instagram.
For high paying gigs, you can choose to focus on one area of specialization. As an expert freelancer, you have the option of growing your business by hiring and mentoring other freelancers. Experienced freelancers can also opt for remote jobs.
When starting as a freelancer, look for resources to help you move forward, like those on this mammoth list of tools.