7 Guaranteed Legit Ways To Make Money Online

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Technology has made life convenient in many ways.  Careers that never existed are now being created enabling people of all walks of life and regardless of their educational background to make money online.

Most basic tools needed to begin your journey towards making money online include;

  • An internet device i.e. laptop, mobile phone, tablet or desktop
  • Internet access
  • A Blog – Once you have the above, you can either create a free hosted blog on blogspot.com or wordpress.com.  The most ideal free platform being blogspot because it comes with plugins to increase the websites functionality.

In case you prefer to have a blog hosted on your own domain, you can buy a domain and a hosting service.  There are advantages to using either free or self-hosted website but more on that for another topic.

  • A Vlog – As an alternative to blogs, you can also create a free vlog on youtube.com if you prefer making videos as your preferred means of creating online content. Vlogs are basically video journals.
  • Social Media Handle – In addition or as an alternative to a blog or vlog, you can open a social media handle such as Facebook, Twitter or Instagram where you can post your content and grow your followers.

Online content can range from trending and current information, to niche topics that are most searched for online to topics that you are more specifically passionate about or talented on.

So without much further ado, here are the straight forward and guaranteed ways to make money online.

1.  ONLINE ADVERTISING

Advertising online pretty much works like advertising on other forms of media like tv and radio.   With your youtube channel or website as your main platform, creating online content that attracts traffic makes it an ideal space for having interested parties pay for a piece of the traffic through paid adverts.  To be an ideal candidate for online advertising, you must have reasonable to high amount of traffic or a reasonable to a high amount of followers on social media handles.

Online Advertising comes in the following forms;

a) Digital Banner Advertising

Having a paid digital banner placed strategically on your blog.

b) Sponsored Posts

Sponsored posts are paid posts that can be in the form of images or written posts or video reviews that are featured by an advertiser on a blog or vlog or social media of an online content creator or influencer.  Sponsored posts can be put in the following avenues.

  • Instagram
  • Facebook
  • Twitter
  • Youtube
  • Snapchat
  • Website post

c) Google Adsense

Google offers website owners an opportunity to make money online through a partnership that involves displaying advertisements on your platform on their behalf.  These adverts are displayed on blogs, vlogs or mobile applications.

d) MGID

Just like google adsense, MGID is an online platform that serves advertisements through peoples websites.

 

2.  AFFILIATE MARKETING

Partner with other companies and promote their products.  This normally involves visiting their main page and registering as an affiliate.  Each has a set of terms and conditions to follow and a list of qualifying factors.

Once approved as an affiliate, a tracking code is given to use on every product that you promote. If an online user visits your site and clicks on the product attached to your code, they are redirected to the host site to complete the purchase.   On successful completion of the purchase, a percentage of the price is deposited to the affiliate’s account.  When it gets to a certain threshold, a payment is made to the affiliate.

There are many companies out there offering there offering these kind of partnership, here are just some of the tried and tested.

  • Jumia
  • Amazon
  • com
  • Traveljet

 

3.  SELL YOUR OWN PRODUCT OR SERVICE

Perhaps you have your own product or service, you can use your website to reach customers online and make it easier for them to buy. In some cases, you don’t need to create your own website but rather use existing websites that enable you to use their platform to sell your products.  For this, they would charge you a small commission on each sale.

Some of the products and services you can easily sell online to make money include.

  • Self Published Ebooks which can be sold on Amazon
  • Physical Goods which can be sold on Amazon or Jumia
  • Music which can be sold on itunes or Amazon
  • Create an App which can be sold on Google Play Store or Apple Store
  • Tutorials which can be sold at Udemy
  • Online Courses can be sold at Udemy or Institution based Websites
  • Online Consultation which can be sold at Official Corporate Websites or Through Apps
  • Online Directory Listing Space – if you have a directory, you can sell online listing space to promote other people’s businesses online.

Alternatively, you can also just use social media i.e Facebook, Twitter and Instagram to even Online Classified Ads like Olx and Pigiame.  You can post your product images with prices and deliver on order.

 

4.  ONLINE VIRTUAL JOBS

Online virtual jobs offer a convenient way to telecommute or work online from home.  Anyone can work from home.  The deal jobs you can find working from home include but not limited to;

  1. Writing Articles for media houses
  2. Reviewing Online Comments from customers on high traffic social media sites or websites.
  3. Taking Online Surveys that require feedback on products and services for market research
  4. Website Projects –Developing websites or doing website maintenance remotely.
  5. App Development – creating mobile and website apps
  6. Data Entry – on software, online or documents
  7. Research – conducting online research on behalf of companies.
  8. Academic Writing
  9. Transcription Services

Top websites for where you can find or post online jobs include;

  • Freelancer.com (international)
  • Upwork.com (international)
  • Gotranscript.com (international)
  • Ajiradigital.co.ke (local)

Many more options are available.

 

5.  DROP SHIPPING

Drop Shipping refers to the act of providing goods by delivering directly to the consumer or retailer straight from the manufacturer.

With drop shipping, you do not have to have the product in stock to make a sale neither do you need to have a lot of funds.  It is primarily an e-commerce model that allows you to sell physical products online without having to deal with inventory, a physical warehouse to store the products and most importantly without having to deal with shipping and handling.

 

HOW DROP SHIPPING WORKS – IN DETAIL

  • Step one is to form a partnership with a drop ship wholesaler or distributor that has the ability to ship products directly to consumers. As part of your agreement with the drop ship supplier, a wholesale price for the products is determined.
  • You then advertise or market the product online and the customer places an order for a product on your online store whereby you collect the money.
  • You forward the order and shipping details to your drop ship supplier and pay the agreed upon wholesale price for the product.
  • Your drop ship supplier packages and ships the order directly to the customer as if it was shipped from your online store.
  • You get to keep the difference between your selling price and the wholesale price as your profit for the transaction.

A quick round-up of drop shipping – you find a supplier, post their product online with price and shipping costs, a client makes an order, you accept the funds and order from the manufacturer directly on behalf of client and have them ship to the customer and you get to retain a percentage of the fee as profit.

For more on how to be successful as a drop shipping entrepreneur, see here 6 steps to building a successful online drop shipping business

In addition, a more detailed version on how to go about drop shipping, visit here to see if drop shipping is something you would like to try.

 

6.  FOREX TRADING

In the forex market, you buy or sell currencies. Placing a trade in the foreign exchange market is simple. The mechanics of a trade are very similar to those found in other financial markets – like the stock market, so if you have any experience in trading, you should be able to pick it up pretty quickly.

So in essence, the objective of forex trading is to exchange one currency for another in the expectation that the price will change earning you a profit.

More detailed approach on how to make money through forex trading can be found here

 

7.  VIDEO GAMING

If you are a fan of Video Games and are actually good at it, you can turn into an income generating opportunity.  Video Gaming is a big deal in the western countries but it is slowly catching up locally in Kenya.  Below are ways to make money video gaming;

  • Video gaming involves having two or a number of players play a video game against each other in tournaments and the winner taking the prize money. Normally there is an audience and Gaming Providers charge ticket fees to view the video gamers battling it out.
  • You can also take another angle to monetize video gaming and otherwise stream your game and play in real-time for the world to see. Aim to build a large audience with which you can monetize with advertisements.  If you’re lucky to get a loyal audience, you can also monetize with donations and subscriptions. The biggest platform right now is Twitch, but YouTube Gaming is also an option.
  • You can also build a gaming website and charge others to play
  • You can write gaming reviews as an expert for a fee.
  • You can also sell gaming stuff online.

Among many other upcoming opportunities in the video gaming world.

If you are interested in video gaming as a means to earn money online, here are steps to prepare for making money in the gaming industry.