The recent pandemic has shown that we can’t count on our job to last forever. Millions of people have lost their jobs, and it’s more important than ever that we find a way to make an income that does not put us at the mercy of a big corporation. In this article, we will discuss the five most promising ways to make money online in 2021.
Do people still read blogs in 2021? The answer is an empathic yes!
In fact, Google still generates the most traffic out of any online platforms in existence, and search traffic still regions as one of the most valuable traffic sources for businesses.
And you don’t need much to start a blog. All you need is a hosting platform for your website and a domain name, and you are good to go.
One of the best things about starting your blog is that you can pick even a small niche and still find enough people to resonate with your content. A door opens up when you start getting traction to your blogs as there are many different ways you can monetize your blog.
One way to monetize your blog is to start making money from ad revenue. You can also monetize your blog with affiliate marketing. If you have expert knowledge in your niche, you can create an online course to sell to your audience. With that said, it takes time to build enough traffic with your blog to generate any substantial amount of income. So patience is a virtue when it comes to building your blog.
Podcast to Make Money Online
Podcast has surged in popularity in recent years, and it shows no signs of slowing down. I’m sure some of you have enjoyed listening to an episode or two of Joe Rogan’s podcast while running on a treadmill or lifting weights.
Generally speaking, podcasts allow you to connect with your audience on a much more intimate level than you can with blogs.
As Seth Godin once said, all your business needs is a thousand true fans. And podcasting is, without a doubt, one of the best ways to turn your audience into a raving fan.
If you want to get started with your podcast, you will need to sign up for a podcast platform and buy a good quality microphone. Luckily, even $20 microphones have good enough quality these days for you to get started with podcasting without much problem.
Once you start making names for yourself in the podcasting industry, companies will reach out to you to work with you. At that point, you will have plenty of options to generate income via sponsorships, ad revenue, and affiliate marketing.
I’m sure you’ve heard of the $100 million (or more) Spotify deal for Joe Rogan. It goes without saying that it’s extremely uncommon to reach such a level of success. Still, it’s proof that there is a potential to attain an unimaginable level of success with a podcast.
Youtube to Make Money Online
Youtube needs no introduction. Many of us spend at least a few hours a day watching videos on Youtube. And even statistics show that most content on the web is consumed in a video format.
If podcasting allows you to connect with your audience more intimately, Youtube is even better for forming a deep connection with your audience. Your viewers get to see your face, hear your voice, and watch your content on a daily or weekly basis.
They will soon feel like they know you well, and you will become like a friend to your audience. And who do we seek when we need advice? Our friends.
Your audience will listen when you recommend a product or service, which is why big YouTube influencers get paid so much for endorsing a product or service. With Youtube, you really don’t need anything to start. Phone cameras are more than adequate to film a high-quality video these days, so you don’t need to invest in an expensive piece of equipment unless you are in a niche where visuals are important.
One factor that turns many people away from starting a Youtube channel is the fact that they need to be on camera. Most people don’t feel comfortable being in front of a camera, which is understandable.
If that’s you, then a blog or podcast may suit you better to make money online.
A total affiliate spending in the US will reach $8.2 billion in 2022.
Every company wants an affiliate who can generate millions of dollars for them.
No matter what niche you are in, you will have no shortage of companies looking for affiliates to promote their products. And it makes sense why companies love top-performing affiliates since they are essentially generating free sales for the company.
As an affiliate, you will receive a certain percentage of sales you generate for the company.
Amazon affiliate is perhaps the most popular affiliate program out there. When people visit Amazon and purchase a product from an affiliate link on your website, you receive a commission.
That amount may not be much when you are just starting, but it quickly adds up once you start to have thousands of people visiting your website (or watching your video) to make money online.
Also, affiliate marketing has a great synergistic relationship with blogs, podcasts, and YouTube videos.
When you build enough trust with your audience on those platforms, many of your audience will be more than happy to buy products from your affiliate links.
Selling Your Own Courses
How does it sound to sell an online course at a few hundred dollars a pop while in your bed and with zero overhead cost?
I don’t think your life can get much better than that. Don’t get me wrong. You are going to need to hustle hard until you can reach that point.
But if your ultimate goal is to reach financial success with the freedom to do whatever you want. Whenever you want, then you may want to seriously consider selling an online course. There are some pre-requisites, however. You will need a platform to host your course, along with an email service provider.
But more importantly, you need to possess enough knowledge and skill to actually help your audience solve their problems.
I hope this article gave you a few ideas of which business you can start in 2021. To start making money online. I want to be very clear that it takes a lot of hard work to make money online.
But as a wise man once said, “Nothing worth having comes easy.” It will pay off If you put honest work into whatever you decide to do!