There are well over 1 billion websites available at the end of our fingertips, and the vast majority of them exist to educate us, to entertain, or to make money. Even someone with a small amount of technical knowledge can sometimes combine their website with a passion or a level of expertise in a given subject to make some spare cash – or a living. Here are four routes to riches if you’re prepared to put in the work…
If you’ve ever created a private or business website, you’ll remember that it doesn’t have to be as difficult as one might first think. Therefore, building someone’s website might be an easy way of making money, and many people are using vps reseller hosting to make more. It works like this: you purchase a hosting plan (a certain amount of space online) and sell this on to third parties, where they can host their own site. Even if you do nothing whatsoever other than ‘host’ their site – even though you’re actually a go-between – providing you’re charging them in total more than the cost you pay to the actual host, you’re creating an income. In effect, once the site is created you’re effectively making a passive income each month – for little or no work.
Freelance Writing/Write an Ebook/Audiobook
Perhaps you’ve you got knowledge on a niche technical subject upon which you could write several thousand words? Even if you’re not an expert, a long-term plan combined with learning could help you establish yourself as an influencer. If you’ve a good way with words, you might also wish to create an audiobook. Writing in Forbes, Robert Adams says that audiobooks are gaining in popularity: “People are turning to audio and visuals when it comes to technical subjects. However, you should consider doing an ebook first and turning it into an audiobook through a resource like Audible’s ACX platform. You can hire a producer either through a royalty share program, so you don’t have to shell out upfront cash, or you can do a pay-per-hour hire as well.”
This isn’t exactly a quick method to making money, unless you instantly find a niche that you can fill and have the luck to create a video that takes off. However, good content that is interesting and engaging, with strong download figures, might bring advertisers calling. Another option is to become a partner and use affiliate marketing, by including links to the products that are used in your videos – find out more about the process here. The giants of Youtube are making staggering amounts of money – with plenty of work this could be you!
Selling and Trading
There are numerous ways to make money from ‘things’ online. For a start, if you are a creator you might sell items on ebay, Amazon, or Etsy, or design your own site. A newer alternative is Bigcartel, which is specifically designed for creative and those with indie shops. More risky avenues for making money online are sites that allow investment, gambling or trading, and these should only be undertaken if a) you can afford to bear losses and b) you know what you are doing. Sites such as Thehousecrowd and Property Partner allow you to invest in property without actually buying a home, while Crowd2fund lets you pump money into up and coming businesses of your choice (from fashion to football to gaming to property), which can be tax-free as an IFISA – an Innovative Finance ISA.
Will you be trying any of these ways to make extra money?