Did you know that you actually make money online? Ya, that’s right. All you need is a computer or phone with internet access.
On the internet, there are two distinct ways of making money
Active Income: It’s like your normal 9 to 5 job. You only get paid for work you do. If you don’t work you won’t get money.
Passive Income: Here you put in the work once and the money would keep rolling in.
In this article, we are discussing a few websites where you actually start making passive income.
Upwork is a website for freelancers. With upwork you can make an active income. Business and individuals post services on the upwork, where they like to outsource. Such as article writing, video editing, app development, coding. There are tons of jobs are being outsourced on upwork.
The beauty of this is it has a low barrier for entry. You just have to be good at something. If there something that you are good at, like graphic design or coding or just about any skill, head on over to upwork and start making some money.
Tip: Have a robust profile that looks good.
Not all the people know this, but you can actually make a lot of money online with youtube. If you considering getting into YouTube to make money, make sure you understand one thing clearly
According to the new rules, if you are starting a new channel from scratch, you first have to reach the YouTube minimum threshold to get monetized. Which means you need 4000 watch hours and 1000 subscribers in the last 12 months. Once you reach that you will get approved to monetize your videos.
How much you make on youtube. Honestly, as much as you want. As long as you keep uploading good content that people are willing to watch your golden, and longer the videos the more money you can expect to make… you can make anywhere from $1 to several thousand $’s. Your earning is calculated totally on the basis of more views that you are getting. With Youtube what you earning is passive income.
You can also make money with YouTube using paid sponsorship. For this you normally need a large audience, at least a ten thousand subscribers.
Although Jeff Bazos, did start of the company by selling books, Amazon now sells almost anything you can think of. It’s not just a site for buying favourite toys though, you can actually make money with Amazon and here are three ways you can do that.
a) Amazon Mechanical Turk
M Turk is kind of upwork, it’s a place where businesses outsource work that is too difficult for a computer program to do. Such as audio editing and transcribing, translating audio and video from different languages, testing web pages, writing reviews and a whole lot of other services. You can make as much as $20or $30 an hour by working on a few different tasks.
This is a legit way of making money, and they do pay. This is active income though.
b) Amazon Kindle Publishing
Turn your ideas into an ebook and make money, Every time you buy an ebook from amazon, amazon and the publisher make money, and you can either write this book yourself or you can hire someone to write it for you. You don’t have to be an established author, or find a publishing company to do this. Amazon takes care of money handling shenanigans and you can sit back relax on your couch, while making some good old passive income.
c) Amazon Associates Program
This is very popular and easy way of earning passive income. All you have to do is signup to the amazon associates program which is free, then you can pick from thousands of stuffs amazon sells on their website and start promoting.
Amazon will give you a special link, and every time someone buys through your link, amazon will give you commission anywhere from 5 to 10% of the sale.
Amazon will pay you 60 days after a purchase and you can choose to be paid either through.
Clickbank is a market palace for product creators and affiliates to make money online by selling their courses or services in the world. Clickbank only sells digital products, but the commission payout is higher than that of Amazon. Some affiliates pay you as much as 75% for selling their services.
Basically Shutterstock is a platform where you can buy or sell digital media and make money online. Such as pictures, music and video clips. Mainly created by freelancers and third parties, so if you might be particularly good at photography taking amazing pictures and videos. Or really good at making sick beats, you can monetize your talent on shutter stock.
The way you make money with shutterstock is every time some purchases one of your pictures, you get paid a commission, usually a couple of cents to a few dollars, if you are lucky.
The trick to make a lot of money with shutterstock is to consistently keep uploading high-quality images
Take lessons is a website where you can teach any skill. Everyone has a skill, that they can teach, whether that might be, teaching someone a language, how to cook, how to play a musical instrument, how to solve complex math equations. Anything you think someone else might not know, you can teach people on take lessons and start making money.