earn online: this is how you can make money

Earn Online

The internet boom  has really revolutionised the way the world lives and does business or earn income, Gone are the days when one was dependent on an MBA degree or be an engineering graduate to make a living. New avenues have opened up where one can earn online money and that too working from home changing the concept of working at a 9 to 5 job under gruelling terms working to realise the dream of someone else. However if you feel that you are going to earn online money  and become an overnight millionaire, well forget it. Buying a lottery would be a better option. Good Luck. Well, sorry to disappoint you or act as a dampener, but better to have the concept clear before you enter into the world of ‘how to earn online from home’.

Proven ways to earn online In India

Freelance Consulting. Every one has an expertise, a talent or knowledge gained from year of slogging it out in the corporate. Experience has no alternative and there are a lot of people looking for such talent to help out in their ventures. This could be easily turned into a freelance consulting venture where you offer consulting for a fee at flexible working hours. You put your experience into practice and the business unit becomes a better enterprise. Consultants once established command a very neat price.

Earn online from social media platforms

Social media has taken over the world. The smartphones has really changed a generation. People hunched over their phones is a very common sight. You Tube, Instagram and Facebook are major social media platforms which can be used to earn money online. People promote products online through Facebook which has a fantastic reach and is very economical. Instagram and Twitter are used by celebrities or domain experts where they are paid enormous sums for their posts and tweets. These can also be sources of passive income wherein initial hectic activities can later lead to generation of income while you sleep!

Earn online by teaching.  Online learning has  really taken wings. Online teaching websites  like Byjus and Vedantu coming up with innovative ways of making learning interesting. With Covid 19 bringing in the concept of social distancing, physical learning has undergone a major change. Online teaching jobs are aplenty. Flexible working hours, working from home and the power to select or reject makes it a very attractive proposition. Positive reviews and expertise in difficult subjects like Maths and Science has made it a very profitable venture.

earn online by Teaching
Earn online by Teaching

Earn Online by Typing. 

Data entry, content writing, transcription including medical transcription are a few avenues of  earning money online by typing. Lot of websites like fiverr, indeed, freelancer, upwork are some of the sites which offer such online jobs and pay reasonably well.

Affiliate marketing.  Another popular way to earn online is through affiliate marketing. A marketing method which has taken the business world by storm is affiliate marketing. Firms take on board affiliates who are willing to sell the company products through their websites/ blogs. The payment is made through commissions on successful sales and referrals. This is a very profitable method of making a passive income.

Of course, the initial effort is required in the form of identifying the product (preferably something within your area of expertise else it would be like fitting a square peg in a round hole), identifying the firm, working on the terms of business (as a lot of firms are not too transparent in their dealings or likely to change terms once the product becomes successful), drafting a marketing plan and then executing it successfully. Initially it sounds overwhelming but once you become an affiliate for a particular product then adding other products becomes easy. And as the product grows in popularity you are assured your pound of passive income. https://prasat9.com/earn-online-through-affiliate-marketing/

affiliate marketing
affiliate marketing

Subtitling of movies. Covid 19 has given a solid fillip to another industry,  the OTT platform (over the top platform) wherein internet is used to transmit movies instead of the traditional cables. With the public enjoying the movies from the comfort of their homes and at very reasonable costs there is increased interest in content of other languages. Subtitling comes into the picture in such a scenario. Present day sub titling standards are pathetic with translations ranging from average to hilarious to ludicrous. If you have a decent command over the language, both the original and the translated version, this is one avenue which can be explored. It pays well and could be a good source to earn online.

Blogging.  The definition of blogging is the process of writing a blog, an online journal in which you share your thoughts about a particular subject with readers. (Courtesy, yourdictionary.com).

Blogs are basically articles written by individuals or firms to showcase skills, exhibit portfolios or express their opinions thoughts and feeling Further it could also act as a platform for online resolution of issues ranging from how to fix a puncture to installing a television. Blogging has given a lot of people with a passion for writing, or domain experts who are masters in their field gained through knowledge or experience, a platform in which they can express their thoughts on a variety of issues or impart knowledge or guide people through a particular process or installation. Wix, Word press, linked in, Instagram, Medium are a few blogging platforms which can be used. The money is made through being paid for the contents or the advertisements which are displayed on your page.

Content Writing. It is the process of creating web content in the form of blogs web posts and scripts. Content writing are written expressions on topics where the author has some knowledge or experience which makes him an expert to some extent. To get

Other avenues. Stock trading, crypto currency, trading in currency etc are some other avenues to earn online. These aspects will be covered in subsequent blogs.

Is it an easy way to overnight riches

Well, people have made their money, but terming it as easy money would be an injustice. You have to possess or acquire skills to earn online. Lot of effort goes in to produce content, build up a product base or draw visitors to your page. Constant effort is required to ensure optimisation of the page and site so that it is visible to online users. And yes, it takes time and effort but if done diligently in a well planned manner there is no reason why you cannot succeed in your endeavour to earn online. It is not easy money but over a period of time, good substantial money.

Earn Online through Affiliate Marketing

Introduction to Affiliate Marketing

The era of internet has seen a massive change in the way business is being done. The effortless reach of the medium has ensured that the business owners can access the customers more easily, across geographical obstacles and distances. No country is too far and no product is out of reach of the customers. Affiliate marketing is one of such trends wherein a massive  customer base can be reached without any increase in sales/marketing costs and without any elaborate marketing  plans. Brands collaborate with various affiliates to promote products  or services. The scale of business and reach is such that the U.S. affiliate marketing spend is due to reach 8.2 billion U.S. dollars by 2022, up from 5.4 billion recorded in 2017.

Introduction to affiliate marketing

What is Affiliate marketing

Affiliate marketing is also known as performance-based marketing. It  is a business method wherein a business owner makes sales through affiliates who recommend the products through blogs or through their web pages and earn commission when sales happens. It’s a win win situation for both as the seller does not have to set up an extensive marketing strategy and the affiliates do not necessarily have to create a product of their own and earn passive income in the form of affiliate commission.

Advantages of Affiliate marketing

The affiliate marketing model has a major benefit in that

  • The seller does not have to spend more to reach a bigger market
  • The marketing costs are reduced
  • Significant increase in sales without additional burden of manpower costs
  • Better feedback on quality of products

The affiliate enjoys benefits in that

  • He does not have to pay to join the affiliate program
  • He can sell an established product without upfront investments
  • After the initial proactive efforts, the affiliate links generate a regular passive income.

Affiliate marketing strategy

Affiliate marketing has the following players/ network

  • The merchant. Could be a firm or an Individual with a product or a dream to sell.
  • The Affiliate. Could be an individual or an entire company
  • The product. Could be physical like a book to a virtual coaching programme.
  • The customer. The main cog in the whole process who makes the affiliate system work.
  • Medium. The product has to be advertised and sold for which the medium is to be selected and affiliate marketing strategy worked out. The medium could be social media like instagram or facebook, blogging pages or a dedicated website.

Affiliate Product

The product has to be selected wisely. The affiliate platforms are aplenty with many a product to sell. The criteria to be kept in mind while selecting the affiliate product is whether the product is aligned with your niche or area of expertise and whether there is a market for it. Niche or area of expertise is basically your passion or the expertise gained by working in the related field for years, gaining knowledge and experience which makes you somewhat of an expert and one who could understand the nuances, the advantages and disadvantages of the product. Somebody in the logistics field will have an advantage in selling a logistics related solution as he would have a better idea of how to market the same. A food blogger trying to sell an engineering product would be like fitting a square peg in a round hole.

affiliate product

The platform too would be important as beauty related products would be well served in instagram or facebook whereas an engineering product could be through a dedicated website or a blog where the product description could be done in detail.

Affiliate Program.

Affiliate marketing as an end result could result in steady passive income or even source of enormous riches but it needs dedication and extensive efforts in the beginning till you make a name for yourself and you are well respected in the market. Your quality of work would speak in a world of cut throat competition. One has to develop trust in the eyes of the user. One wrong move or a short cut would spell disaster.

affiliate program

Further be selective about the products you promote. Limit the number of affiliate products you endorse or advertise those which you have used yourself. A product tutorial explaining about the product and how it works would be a major force multiplier. And, if the video features you using the product, well, that would certainly increase the trust factor in the affiliate product you are endorsing.

Affiliate Marketing Disadvantages

Like any other business, Affiliate marketing suffers from a few disadvantages mainly:

There is no control over the affiliate program. You cannot control it as you do not own the program. The merchant decides the terms and conditions and as competition gets tougher the terms get less attractive. The merchants do tend to give a raw deal once the product is well established.

There is no guaranteed income.  It is an opportunity combined with risk. There is no guarantee that you will earn a particular sum or the time it would take for you to achieve desired level of sales. The expected passive income could well turn out to be  a business venture needing constant active participation.

Customer Base.  Once referred generally the same customer will not buy from you. The need is to generate new leads on a consistent basis. And with growing competition of ever expanding affiliates, it gets more difficult to gain new leads

Some statistics pertaining to affiliate marketing (AM) reveal the following:

  • Affiliate marketing spending is bound to grow by 10% in the next few years.
  • Worth $12 billion, the AM sector is growing rapidly.
  • AM accounts for 15% of all digital media revenue.
  • Well-crafted affiliate marketing programs can boost revenue by a staggering 30%.
  • That boost amounts to 15%-30% of all sales being generated by AM.
  • Together with email marketing, AM is one of the largest sources of online income, accounting for over 16% of all ecommerce orders in the USA and Canada.

(courtesy: hosting tribunal.com)

Affiliate Marketing conclusion

Affiliate marketing is apparently the easiest online business model to start earning passive income online. It’s low-cost, high-profit industry. On the other hand, it also might happen to be a tough one. All the challenges are on you and performance relies on your determination, approach and the affiliate strategy you choose to follow. Affiliate marketing seems to be an easy and exciting way to earn money. The key for the same would be find a top performing affiliate platform.

Ways to earn Online

An introduction to ways to earn online

From the times the internet was a source of fear, then curiosity followed by source of news and entertainment, it has graduated to being a major business tool helping in marketing, logistics and so on, in effect, making business easy and efficient. It also has shown the way to earn money online by sitting in the comfort of your house and working at your convenience earning active and passive income. Some have even left their 9 to 5 jobs to follow their  online ventures into full-time internet businesses.

If you are curious to turn your hobbies and passion into profits and full time ventures, then let us look at different ways to earn online, initially as a supplementary and later main source of income. Internet has made the world a smaller place and you can earn online from India or any other country

make money online
make money online

Earn online by Blogging

How to earn online by Blogging.

A very popular way to  make money online is through your own blog. You can earn online blogging your thoughts, ideas, knowledge and views. Blogging initially started off as musings by individuals through their own blogs which later developed into full fledged websites based on content management firms in form of word press blogs. A blog can be on any topic you are passionate about but to make money online a profitable niche market has to be chosen. The mechanics are easy and can be made profitable through online advertising (goggle ad words), affiliate marketing and so on.

Surveys.

Online surveys are one of the easy ways to earn online income. People’s opinions matter. Corporations and research firms are seeking opinion of people on products and services And paid well! Top corporations could pay upto ten or more dollars for the survey. To avoid being scammed, limit yourself to two or three reputable survey firms, understand the system before you expand your avenues. Make it worth your time

Making money online through affiliate marketing.

Another source of online income is making money through affiliate marketing  where you get a commission on sale of products of online merchants . No customer support and marketing costs too!  You can sell your own products too and eliminate the middleman costs and establish a direct link with the clientele. It is one of the fastest and easiest ways to making money online provided you do it meticulously.

making money online through affiliate marketing
affiliate marketing

Online mentoring.

One of the best ways of earning online income, though not one of the easiest,  is online mentoring. If you have carved a niche for yourself and have gained a name in the market, this is the avenue for you. Too many individuals and firms in stress or otherwise look out for mentors to guide and advice. It could be a personal one on one mentoring on leadership skills, guidance during difficult times, chartering a career path and so  on for individuals. For firms, it could be on lagging sales, high manpower turnover industrial disputes and so on.

Make money online through coaching and tutoring.

The present days of COVID have really brought these into focus. While the current crop of teachers are struggling on platforms like teams to take online classes, some enterprising firms like Byjus/ Vedantu etc have already taken the lead. If you are a good teacher, with expertise in your subject, well, this could be an avenue for you for making money online. Particularly, well qualified teachers from the non cosmopolitan cities have found this avenue very profitable way of earning money online

Make Money online through Content writing.

Good writing skills and adeptness/ expertise in various domains could be the best source for online income for you.  Writing exhaustively on various niche topics attracts lot of eyeballs and could well pave the way for future advancements into your own websites and blogs. It is a very popular way of earning income. In these avenues you can earn online for free as most of the sites do not charge any fee.

Other Different ways to earn online

Book writing.  Ebooks are the latest trends. Just to make sure if there could be an audience for your book, try a pre sale landing page which summarises your book on platforms like Podia. Once you are sure of the audience then go right ahead. Ebooks are the future as print media is looking at a downturn as more and more people are turning to virtual media. Once you make your mark, then there is no looking back.

Sub titling of   movies. This is another avenue for making money online. OTT platforms are taking over the movie world. People are preferring binging on movies at home where they have the option to fast forward stop and watch at own convenience without undergoing the exercise of traversing traffic, overcoming crowds, exorbitant rates for eatables and beverages. The quantity and variety available is humungous. Now what is missing is good quality sub titling. Some of the sub titling are really hilarious. These are available for a lot of  languages, like English to Hindi, Tamil, Kannada, Telugu and vice versa. If your command over the language is good, you   can try this method. There are firms which offer upto Rs 70 to 100 per video minute. These are basic rates and could go higher as you go international. Abroad, people charge anywhere between 70 to 100 dollars for a video minute.

different ways to earn online
sub titling on OTT platform

Free Lancing.  A very popular way of earning money online. There are avenues like fiverr.com. upwork.com, freelancer.com which give these options and pay reasonably well. All you need is create your account and bid for projects on these sites based on your skill sets. Once your work is accepted the payment is made. Be aware that quality of work and timely delivery matters. Once you gain good ratings and understand the mode of working and delivery this well could be a very good avenue for making money online

Online advertising

Earn online by Google.. 

Online advertising is a very economical way of advertising of products to millions of people at a very minimum cost. Adsense is another avenue for making money online. It is a free programme that gives you a share of the ad revenue once users click on the ads displayed on your pages. A well developed web site or page with niche content sought after by online users could attract Adsense, clicks by users and passive regular income

Online advertising

Summarising,

You should be mindful of the platform that you opt for. Beware of the scams and fakes. Also do not expect to earning big amounts in the initial stages. We now have more time on our hands and this could be utilised to explore the virtual media,  learn identify your niche and then, the world is your oyster.