How to Make Money Online 2024 | Best Ways to Make Money Online

Are you curious of knowing about how to make money online? OR you want to know about the best ways to make money online in 2024? You are at the right place!

How to Make Money Online

Making Money is the goal of everybody out there but Making Money Online from the comfort of your home is the dream of everybody. What could be better than having a life of your own choice. Work from any part of the world and at anytime of the day!

I would recommend you to read this article till the end and at the end of this article you would be able to choose the method of making money online that best suits your requirements and career goals.

I have been associated with this world, where we make money online, from more than 5 years and according to my experience following are the best ways to make money online in 2024:

1. Make a Blog

One of the best ways to make money online in 2024 is to Start a Blog. Blogging is a long term and a sustainable career. Thousands of people take blogging as a full time career as it has alot of benefits. I even know people who left their jobs to get into blogging and now are running successful blogs.

Blogging let you modify your life according to your own will as you are not bound to any boss and not even to yourself. There are a lot of bloggers who initially started their blogs and used to write themselves but as they started earning some cash out of it they hired writers and now they do not need to do anything by themselves. So blogging is very flexible way.

Ways to Monetize a Blog

There are a lot of ways to monetize a blog and you can choose the monetization methods according to your convenience. You can monetize your blog by following methods:

Google Adsense

Through adsense you can place ads in between your content and when someone clicks on those ads you earn cpc

Affiliate Marketing

By this method you promote others products on your blog and when someone make a purcahse using your link you get commission.

Sponsorships

When your blog gets some exposure different companies would start reaching you out to promote their product or service on your blog and they would give you upfront money

By selling your own digital Products

Another method to make money from your blog is to start selling your digital products on your website

There are still many other ways by which you can make money from your blog

Pros of Blogging

• Blogging is a long term way to make money online
• Blogging is a Passive Income i.e you would still make money even if you are not wotrking actively on it
• There are alot of ways to make money from blogging
• It can become your full time career
• You are the owner of your blog so its an asset (how cool is that!)
• If you are a good writer or love writing blogging could give you so much

Cons of Blogging

• Its not a get rich quick scheme so its would require patience and consistency
• You might have to work for even 6-12 months to get your first income
• If you are not a good writer then its gonna be difficult for you to make a career in it

2. Start a YouTube Channel

As this is the era where videos are so much appreciated and obviously they are a better way of learning and entertainment. There are alot of YouTube channels making thousands of dollars per month in revenue. YouTube is a simple and easyway to make money online but if you have guts.

If you are a person who loves making videos and expressing himself infront of people maybe teaching or entertaining them, then this could be the best way for you to make money online. There is no rocket science in making a YouTube Channel and start uploading videos on it. If you can provide value to users you could be the next big youtuber.

Even if you don’t wanna come infront of camera it could still be a way for you. You can do voice over or commentary kind of videos to make money from youtube. There are also examples of people who have made millions of dollars on youtube but did not show their face once

Ways to Make Money from a YouTube Channel

You can start making money once you have a good audience on your youtube Channel. Following are the ways to make money from a youtube channel:

• By getting into YouTube partner Programme
• By YouTube memberships
• By selling merch
• By Taking Sponsorships on your YouTube Channel from different companies

For further details you can read our article about the Best Ways to Make Money from YouTube

Pros of a YouTube Channel

• Its a long term method to make money online
• You can take it as a career
• Its also a way of passive income. Once you create a video it could give you revenue for years
• It could help you make your fan base. You could become popular from youtube

Cons of a YouTube Channel

• It could take you months to get your first income
• You would have to strictly follow YouTube guidelines because a little violation can get your channel banned
• You would have to be consistent without thinking about the reward initially

3. Start Taking Freelance Work

In the modern world of computers and technology the need for freelancers who have command on digital skills is increasing day by day. There is alot of work that is being outsourced by companies to freelancers. From logo designing to copywriting and programming companies prefer to give their work to freelancers rather than hiring some extra staff because freelancers do that cheaper.

The scope of freelancers is increasing day by day therefore I put it in my best ways to make money online list. If you are looking to earn some extra cash my doing part time job freelancing could be the best option for you.

If you have command on latest industrial skills its should not be difficult for you to get your first order. And if your client likes your work he would return to you as well so you could get a heavy stream of customers.

Some of the high in demand Freelancing skills

• 3D Animation
• Video Editing
• Graphics Designing
• Voice Over
• Digital Marketing
• Web Development

These are just few of the many High in Demand freelancing skills

Pros of Freelancing

• It could get you orders from the first week if done properly
• Freelancing Could give you a very good part time alternate

Cons of Freelancing

• You would need to keep learning new skills because the technology is growing so fast
• Freelancing may not be a sustainable long term thing because its continously changing
• You might earn alot one month and might get to zero the next month

Also read: Get Paid to Read Books: 25 Legitimate Sites to Make $100/Read 2024

4. E-Commerce

e-commerce industry is growing at a very rapid rate and people are shifting from conventional methods to the modern methods of buying things. Amazon is one example of e-commerce. Etsy is also an example of e-commerce which let’s you sell not only physical products but also digital products.

For further details on Etsy digital products selling, read our article about How to Create Passive Income from Etsy Digital Products

You can either bulid your own online store or you can go toward the concept of dropshipping where you buy something cheaper and sell it for a higher price by marketing it appropriately. People usually love dropshipping because in this business model you sell product but you don’t have to keep it physically with you.

In dropshipping you first hunt a product that could sell very well and can give you good margin. After this you create an online store using shopify and list your product on it. Then you run ads and when you get orders you basically forward that orders to the original sellers. So you earn your reward by building a link between seller and buyer. And what exciting thing about dropshipping is that you can set your own percentage of profit.

Pros

• If you do it with proper planning and calculations you could end up earning a very handsome amount and you might have ever dreamed of
• You can set your own margins on buying and selling

Cons

• If done improperly without any planning and cost calculations you could end up having big loss. So if you can’t take risk don’t go for e-commerce

5. Crypto Trading

Crypto trading is very popular now a days. You might have seen people talking about how they grew their wealth from thousands to millions of dollars. Its obviously real but its has another side too. Alot of people lost thousands in it too.

If you have proper knowledge of trading and how things work in crypto trading this could be the best way for you to make money online. But if you don’t have any proper knowledge of crypto trading I would recommend you to stay away from it as it could be very risky for you

Read our detailed article on 10 Best Crypto to Buy in 2024

Pros of Crypto Trading

• If you have knowledge of Crypto trading and you know how to read charts, how to predict long and short in crypto trading and you can guess about it then its one of the best ways to make money online in 2023 for you

Cons of Crypto Trading

• Crypo trading is very risky way to make money online so it should always be done with careful observations
• The risk factor is very high in it

6. Create an Online Course

If you have a good knowledge of something and you can express it in videos there could be nothing better than creating your online course.

As alot of industries are shifting online so as with the educations industry. The knowledge is gathering online and many people would love to do a course about maybe a valueable skill lile graphics designing or web development or maybe wanna learn a programming language.

So if you have something valueable that you can teach, creating an online course would be the best option. You would have to record the videos once and it can give you continuous stream of passive income.

You can promote your online course on platforms like udemy, skillshare etc.

Pros

• You would have to record the course once and it would give you passive income for years

Cons

• It would initially require alot of efforts but its all worth it if you are creating a course related to high in demand thing, it would payoff later.

7. Affiliate Marketing

Affiliate Marketing is one of the most widely used methods for online earning. In affiliate marketing you help someone sell their product or service and they give you commission in reward.

Affiliate Marketing is especially recommended if you have alot of audience or have a large network. You can use that audience or network to make money online via affiliate marketing.

You can use either your website or a youtube channel to promote products online and get commissions. Many people also use different other platforms for affiliate marketing like facebook, pinterest, quora etc.

There are websites like Click Bank and Digistore 24 which give you links of products and services which you can promote to get specific percentage. These percentages ranges from 1% to maybe even 75%

Amazon also has its affiliate program by joining which you can promote any product on amazon to earn commission. E-Books and Digital Courses usually have higher commission rates.

Many people have specially designed websites or blogs which they use for affiliate marketing of different types from promoting sign up links of different apps to selling products. If you think you can sell things good this market is open for you to make money from your home

Pros of Affiliate Marketing

• You don’t need to manage or manufacture the product. All the process is done by the seller. The seller will make the product and send it to the customer. You would just have to promote that product or sercvice
• It could add extra value to your when you have huge networks to promote the products

Here is a video from Liam James Kay where he explains going from ZERO to $12K per month with affiliate marketing

8. Become an Influencer

As digital Marketing is growing so is Influencer marketing. Brands love their businesses to be promoted by influencers. And in the modern world now its not very difficult to become an influencer. You can use social media to share information related to your niche and the people in that particular niche would start following you for information and this way you would become an influencer

Social media influencers on different platforms like instagram, tiktok, youtube charge heavy amounts from brands to give them shoutouts and brands happily pay them because they are promoting their brand in front of people who follow those influencers.

Once you become an influencer you can charge your own amount for shoutouts and you can also start selling your own products or maybe lauch your own brand. It really has alot of potential.

If you are a confident extrovert and you love to express your self in front of people you could become a good influencer.

Pros

• Once you become an Influencer brands would approach you themselves and you can earn huge just by mentioning their name
• It could be a long term and a sustainable way to make money online
• As far as you don’t ruin your name you could continue making money for years

Cons

It does not have any cons as far as you maintain your influence but you would have to keep checking that you don’t break the trust of your audience

9. Selling E-Books

If you are good at writing down what’s in your mind you could probably earn money from this method.

E-Books are being used alot these days by readers. Many people prefer e-books over paper books because of alot of reasons.

You can write down your expertise or any other value thing online in the form of book and can publish it on many e-books libraries. When people buy that book from there you get what you have set the price for that book. Some of the percentage is taken by that publisher and the remaining is credited to you.

Overall its a very good opportunity for alot of people you want to publish their books and get cash in return of that. You can publish your e-books on Amazon or many other platforms.

Pros

• You would write an e-book once but it can pay you for lifetime if it has potential
• Its is one of the best passive income methods

Cons

• Initially you would have to put some extra efforts
• There is no confirmation it would worth it in the end or not

10. Sell your Photos

Websites like Getty Images and Shutterstock pay photographers when their photographs are sold. They have revenue share model means some of the revenue is taken by these websites and remaining is shared with the creator. Different websites have different policies, if you are interested you can checkout their official websites

So if you love taking photos and you have a good quality camera there is a good chance there your photos will be sold and you can earn a handsome amount of money online from this very simple method.

As the internet industry is growing the need for unique and new photos is also increasing so this has a good scope in the future as well

Here is a video from Learn with Shopify where she explains ways to make money with photography. So you can turn your passion of photography into profit!

Conclusion

So these were the top 10 best ways to make money online in 2024. You don’t need to jump into all these methods at the same time. Just find the one that best suits your goals and future ambitions and stick to it with all your focus

I would recommend you to read our article about Best Ways to Make Money using ChatGPT, as it can help you save alot of time

If you know some other best way that I have missed comment down below

Also comment down below your favourite method to make money online in 2024

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