As you might have noticed, there are millions of ways to make money online. There are social media influencers who earn six figures by promoting products on their channels, Shopify store owners who sell their own branded t-shirts, and haters who make a killing by buying low and reselling high on niche fashion sites like Poshmark.
There’s no single right answer when it comes to making money online. With so many different options out there, it’s up to you which source of income you choose to pursue as a side hustle or a full-time gig. The key is finding something that fits your skillset and interests while also being an enjoyable pursuit outside of work hours. Let’s take a look at some common ways people monetize their hobbies and interests online:
Create and/or sell an informational product
If you have experience and expertise in a particular field, you may want to consider creating an informational product to sell that shares your knowledge with others. This could be in the form of an ebook or online video course, or perhaps even a how-to book. The great thing about this business model is you can use it to monetize any skill you’re proficient at, whether that’s cooking, knitting, piano, or even programming. You can sell your product directly to customers through your website or through marketplaces like Amazon and Udemy. If you want to go the self-publishing route, you’ll want to invest some time upfront to research what it will take to get your book published and create a sales funnel to get it in front of as many eyeballs as possible.
Develop and run an online course
If you’re an expert at a particular skill, you can likely turn that knowledge into a course and monetize it online. This could be through an existing platform like Udemy or Skillshare, or you could create your own course website with a membership model like Skillshare does. Whichever way you choose to go about it, the key here is to make sure you’re providing value to your audience. You’ll want to plan out the course’s content, structure, and end goal, like what skills you want the students to walk away with after course completion. While there is definitely money to be made through online course creation, you’ll likely have to build up a significant following before you start seeing a solid income.
Become a solo blogger or affiliate marketer
If you like writing and have an interest in online marketing, becoming a solo blogger is an easy way to monetize your interests and passions. You can write about topics you’re interested in, like travel, fashion, or music, and earn money through digital advertising like Google AdSense, affiliate marketing programs, and sponsored posts.
Affiliate marketing, in particular, is a great side hustle to consider, as it doesn’t require you to create your own product and can earn you money while you sleep. Affiliate marketing, though, is not risk-free. You should always read the fine print before signing up for a marketing program because you’re agreeing to promote a product or service and give the company your audience in exchange for a commission.
Earn money with blogging, blogging platforms, and paid advertising
If you have a passion for writing and have a large following, you may want to consider turning your blog into a revenue-generating machine. There are lots of ways to monetize your blog, including native advertising, banner ads, and paid guest posts. If you have a large social following, you can even charge brands to advertise on your blog. Another way to earn money with blogging is to build out your own publishing business model. This could include membership platforms like Patreon, where readers can sign up to support your work in exchange for early access, exclusive content, and other rewards. Another option is to turn your blog into a membership site where readers pay a monthly fee for access to premium content like special features and benefits.
Find paid freelance writing gigs
If you’re a skilled writer and have a passion for various topics, you may want to consider becoming a freelance writer. This is a great side hustle to help supplement your income and can be a flexible gig that allows you to work remotely as long as you have an internet connection. Websites like Upwork and Freelancer are marketplace websites where businesses go to hire writers. You can also create your own website and offer your writing services to potential clients. You don’t have to specialize in one type of writing to make money with this side hustle. You can offer your services as a general writer and take on any assignment that comes your way.
The key to earning more money is to increase your income, which can only occur when you have a side hustle. With multiple streams of income, you’ll be less reliant on a steady paycheck and can more easily weather financial storms. Having a side hustle is a great way to earn extra money, but it won’t be easy. You’ll likely have to learn new skills, spend time marketing yourself or your business, and, in some cases, completely shift your current career path. The good news, though, is that it doesn’t have to be difficult or impossible. There are many different ways to earn money from side hustles.