Do you want to make money online? Today, e-business is becoming more and more common. Many people in Mexico are looking for ways to make money in this way to earn additional income or totally change their lifestyle. We all want to achieve financial freedom, be our own boss, and own our time. Here are some suggestions for ways to earn money online.
What is the difference between active and passive income?
First of all, we are going to distinguish between the two ways of making money online. You can have passive income or active income. What differentiates them?
- Active income: those that require you to be doing something to make money; for example: sell things made by you online or translate texts on the different platforms available.
- Passive income: These are what, once created, continue to generate income for you; for example, income from advertising on a website or YouTube, or dividends after an investment.
It is clear that the latter are the most desired among people who are looking to do business online, since you can continue to have an income stream even when you are not working.
8 ways to earn money online
Here we include some of the most effective ways to earn money online:
- Affiliate Marketing: With affiliate platforms like Amazon Affiliates, you can post product reviews and recommendations and earn commissions for referring customers. This is a way of making money online that does not require a lot of investment and has great income potential.
- Monetize a website with AdSense: Similar to the previous option, here what you have to do is create a website on a topic that you are passionate about (preferably, so that you like to spend time on it), attract readers and earn money every time someone clicks on an ad. In this case, you do not need the reader to buy to earn money, here you earn every time a reader clicks on the ad (this is known as “pay per click”).
- Sell courses and services on a blog: This option is about positioning yourself as an expert and selling courses or services online. Anyone can create a course in a subject that they master and the best thing about this option is that it can be fully automated. Once you have the courses created, it takes the same effort to sell one as it does to sell a hundred.
- Be a virtual assistant: this is a new way to earn money online. There is increasing demand for virtual assistants for bloggers or digital entrepreneurs who need people to manage their email, spread content on social networks, manage their calendar, take care of billing, organize face-to-face events, edit videos or podcasts, etc. If any of these activities catch your eye, maybe you can start a client portfolio and dedicate yourself to it full time.
- Translate texts: This is one of the active income options, since this way of doing business online will not generate income as soon as you stop doing it. The more you translate the more money you will earn. However, it can be a very rewarding way to earn money. In general, freelance translators are passionate about languages and they love their profession. If this sounds like something you would like to do, there are a ton of platforms online that you can sign up for. They usually ask you for an exam to start and based on your language combination and your rate per word, you will start receiving translation jobs.
- Generate content: like translations, this option is also active. Nowadays there is a lot of demand to generate content in blogs, since every day more than 3 million articles are published. The great advantage is that the topics vary too much. Choose what you are most passionate about and start writing articles on the subject. You can write about travel, food, animals, politics, photography, health … whatever you can think of! As with translations. On the internet you will find platforms to generate content online.
- Create a YouTube channel: Maybe you already realized that this is an increasingly popular way to earn money. Now there are YouTube vloggers on almost any topic. Although this way of making money online may not be for everyone, if you like cameras and editing video it can be very entertaining and at the same time, profitable. The best thing is that you can generate content on the topic you want, since there is a market for EVERYTHING!
- Sell products online: of course, we cannot forget to sell products, one of the most common ways to earn money. You can do it on Amazon or, if you like crafts and your products are handmade, you can consider Etsy, a platform where products made by the same users are sold. These can be things like jewelry, candles, handmade soaps, wedding invitations, clothes, there is everything!
With all these options, you will surely find a way to generate money online that catches your attention. Go ahead and start your business. Maybe at first you will only earn an additional income, but after a short time, it may be your only form of income and you will achieve the stability and financial freedom you always dreamed of. Much success!