Making some extra side hustle cash doesn’t actually have to be that complicated. As someone who’s been immersed in the field of online income generation for nearly two decades now, I can tell you that it takes some work. However, there are several clear paths forward. At the end of the day, it all boils down to what your goals are and just how much you’re looking to automate your income.
Could you make an extra $200 per month? Sure. How about an extra $1000 per month? How would that change your life? To most, it would make a monumental difference. But what if we were talking thousands more per month or even tens of thousands more? How would that alter the trajectory of your life? Clearly, you can make money on the internet. You just have to decide how much of your time it’s worth.
While we all have some extra time, it often doesn’t feel like it. But it also doesn’t take too much effort to make some extra dough on the side. We’re not talking about millions upon millions here — we’re mostly talking about doing small, bite-sized projects to generate some fast cash. And depending on your skill set, you could easily make a few hundred dollars or even a few extra thousand per month.
1. Become a virtual assistant.
One simple way to make money from home is to help others complete tasks as a virtual assistant. If you’re highly organized and can properly manage your time, then becoming a virtual assistant presents a low-friction entry point into the digital services industry. You can easily perform these functions as a remote worker no matter where you live.
Finding work as a virtual assistant can be easily done through sites like Upwork, Indeed.com and Remote.co. Search the existing posted jobs and create bids. You’ll need effective communication skills and fluency in English and popular web and business software applications.
2. Sell stuff on eBay or Craigslist.
A large subset of our society is earning a full-time income by selling items on Craigslist and eBay. You can do this by selling your own items, or you can help sell items for other people and take a small commission. Selling on eBay offers more friction than Craigslist and you’ll need to establish solid reviews before you can begin to move high-ticket items.
However, eBay does provide resources for sellers to help you get acclimated to selling on the platform. Take the time to do your due diligence and research the platform. If you have some solid online marketing skills, you’ll find this much easier than if you’re a complete newbie to the world of digital marketing.
3. Trade cryptocurrency.
As the digital world evolves, so does our currency. What seemed like a novelty yesterday will ultimately become the preferred medium for money. A Gallop poll found that 10 percent of people claimed to use cash as their preferred payment method in 2016 (down from 19 percent in 2011).
While cryptocurrency is still relatively new, it will ultimately become the standard. Bitcoinand Etherium might be the primary cryptocurrency platforms today, but the US Dollar will eventually become the Digital Dollar by leveraging the blockchain. You can take advantage of the current boom in cryptocurrency by trading it through platforms like eToro and Kraken, amongst many others.
4. Online tutoring
Websites like Skooli, Tutor Me and Tutor.com provide resources for entering into the online tutoring space. While you don’t need to use a platform like these, they provide a lower friction entry point into the market. You could also search for online tutoring gigs on a variety of other sites like Upwork, Freelancer and many more.
What types of things can you tutor online? You could easily tutor a subject like math or science, while also teaching a language if you’re bilingual. You could also tutor musical instruments like the guitar or piano, along with a slew of other subject matters.
5. Sell services on Fiverr
Fiverr has grown significantly since its inception. Today, it’s a vast marketplace where you can sell just about any service under the sun. This is great if you’re looking to make money online as a digital nomad or even while sitting at home on your laptop while in your pajamas.
What, specifically, can you sell on Fiverr? Anything from graphics and design services, to digital marketing, writing and translation services, video and animation services, music and audio, programming and application development, business services and lifestyle services that includes anything from celebrity impressions to gaming.
6. Build sales funnels.
Every successful business has an automated sales funnel. Yet, so many businesses are completely unaware of the power of an effective funnel. Sales funnels provide automation in the sales process. They help you build a relationship with your audience and develop a bond with the consumer. There are plenty of tools you can use to build a sales funnel, but the world’s most successful businesses often create custom-coded funnels.
Expert sales funnels often start with a free offer, also called the lead magnet. By delivering value in the lead magnet, you’re creating trust with the consumer. In the next step, you’d usually find what’s called a self-liquidating offer or a trip wire. These are deals that are hard to pass up, often for $7 to $47. The front-end offer is usually found beyond that along with one-time offers to help boost the lifetime value.