5 Online Money Making Methods You Probably Haven’t Heard Of
According to a 2018 survey, 37% of Americans earn extra money through side hustles. Whether you are short on cash or want to create an extra income stream, the internet has many opportunities for you. However, be careful while selecting the jobs to avoid illegitimate ones. Below are five uncommon online money-making methods. From creating personalized reseller hosting plans to reviewing music, you can choose based on your preferences.
1. Flip Websites
Much like real estate flipping, website flipping is a rewarding way to earn money. Website flipping involves buying a website, growing its traffic, and consequently, selling it for profit.
To do this successfully, you need to select the websites you choose to buy and sell carefully. Although there is risk involved in this process, thorough research before buying the website will secure your money. The upside is the profit margin that you can generate with a single website. You can also look into domain flipping.
2. Reseller Web Hosting
Although it is not common, reseller hosting is a lucrative online money-making method. As a reseller of web hosting, you rent server space and bandwidth from a web hosting provider. This is usually purchased in bulk at a wholesale price. Afterward, you resell the hosting to your clients, branding them as your own. You have the option to create your own reseller hosting plans and resell them to your clients. Hence, this gives you the freedom to decide the profit margin.
Reseller hosting provides a recurring income since this is a subscription-based model. This frees you from the worry of losing your income the next month. If given consistent efforts, reseller hosting can develop into a profitable web hosting business.
3. Print on Demand
Print on demand is another unconventional way to create significant wealth over time. It is similar to dropshipping as you do not need to have any inventory space. However, it differs in the aspect of branding and shipping costs. With print on demand, you can create robust brand recognition, but the shipping costs are generally expensive. However, choosing the right suppliers like Printify solves the problem of expensive shipping.
You can hire a graphic designer to create unique designs for your brand. Conversely, you can also choose to print popular quotes on your products. Since you need not work on the logistics end, you can devote your time to the marketing and branding of your products. Thus, the business will generate higher revenue.
4. Review Music
If music is your thing, this will be a cakewalk for you. Websites like SliceThePie pay you for reviewing unsigned artists and bands. You can earn up to $100 per month by listening to music and giving your opinion on it.
The payout that you receive depends on the quality of your review. So, make sure you write your honest opinion in detail to receive the maximum amount. Along with this, the website also runs a referral program through which you can earn bonus payments.
5. Test Websites and Apps
This is the easiest method to earn money online. All you need to do is provide your unbiased feedback on the user experience of a website or an application. Giving in-depth, useful feedback to the owner will help you earn more.
You can earn up to $30 per review, with the minimum being $10 on UserTesting. The reviews hardly take 20 minutes to write, so your speed determines your total earning.
What you can also do is find apps that offer a wide variety of similar tasks like reviewing websites. For example, doing online surveys, transcribing speech, watching ads, etc. It is comfortable that everything is in one place and it’s up to you how many tasks you want to take on. A recently launched DeFi workforce platform JumpTask looks extremely promising and seems to be on its way to becoming one of these apps. They have also announced a partnership with another well-known money-making app Honeygain, that offers a way to earn money passively.
This list is by no means an exhaustive one. Consider the skills you currently have and upskill yourself in the field to increase your earnings even more. Your lifestyle and income goals will also define the method you choose to earn online.
Making money online can be as easy or hard as you make it to be. Like any other venture or job, your earnings online will take time to grow into wealth. However, if you wish to be successful, you will have to work as hard as you do in any other job. Above all, there is no upper limit when it comes to earning money online. Some people make six figures on the internet, and some fail miserably. You define your own earnings with your dedication to your chosen job.