Top 8 Ways to Make Money as an Online Entrepreneur

Last updated May 13, 2019

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It’s not a rare sight to find online entrepreneurs needing funds to push their businesses forward. Depending on the stage of your online business, getting loans, funds or grants from external sources can be difficult. In this article, you’ll get to see eight ways through which you can make some money online.

The methods of making money you’ll learn about in this article are all based on the internet. As an online entrepreneur, you’ll agree with me that the internet has been beneficial; more than fifty percent of the world’s population has benefitted from it, and it’s no surprise that you are about to benefit from it once again.

Without any delay, here are the eight ways in which you can make some cash as an online entrepreneur:

Blogging
Cryptocurrency Trading
Website Development
Affiliate Marketing
Online Kiosks
Freelancing
Photography
Vlogging

Blogging

Running a blog is one way to make income for yourself as an online entrepreneur. People visit hundreds if not thousands of links daily looking for beneficial information; you can take advantage of this by providing people with such information and making some money in the process.

As an online entrepreneur, you most likely have experience in a particular niche or field. You do not have to be an expert in this field, but you should know enough to create helpful content for people.

Popular blog niches are technology, sports, fashion, business, health, etc. However, you should pick a sub-niche because you may stand little or no chance competing with the big blogs in broad niches.

For example, you can decide to create a blog on shoes (a part of fashion); this way, you become an authority on shoe-related issues and face lesser competition.

Cryptocurrency Trading

In the strive for a decentralized banking system, cryptocurrencies have become quite popular as they offer certain benefits.

Cryptocurrency trading is comparable to gold trading in some way, as you buy when the worth is down and sell when the worth rises.

While cryptocurrencies are volatile as you can’t predict when they’ll rise or fall, they can yield massive gains on good days.

There are lots of cryptocurrency trading platforms such as Binance, Kucoin, Coinbase where you can register and begin trading.

You’ll often find people engaging in cryptocurrency exchange as some platforms only accept cryptocurrencies today; hence someone out there will need cryptocurrency, and you can make some money.

Website Development

It’s a digital world, and every business needs to have a website to have their name out there. Based on budget, some organizations are willing to shell out a lot of money for a quality website; so you can benefit from that.

You can enroll for coding boot camps, and take online courses to become a good website developer. It may take a while before you have enough skills, but it’ll be worth it in the long run.

There are also Content Management Systems (CMS) such as WordPress that you can learn to create beautiful websites in a short time. Therefore, you do not have to be a full-stack developer before you can begin earning as a website developer.

Affiliate Marketing

The main goal of every company is to make profit through as many sales as possible. You’ll often find sites setting up affiliate marketing programs to help increase their customer base.

Affiliate marketing programs involve individuals promoting the products or services of a company for a specified percentage. By enrolling in an affiliate marketing program, you can help a company make more sales and receive a commission on each sale.

As an affiliate, you serve as a middle man between the company and its customers, and you can choose to use any medium of your choice to sell out the products you obtained.

To do well as an affiliate marketer, you need to be good at convincing people to buy products. You can also combine blogging and affiliate marketing, and it can be a powerful combination.

Here’s why:

When you gain the trust of your blog’s visitors, it’ll be easier to convince them to purchase a product or services especially when it’s one related to your blog’s niche.

Some popular affiliate marketing programs are:

Online Kiosks

Making sales online can be hard; you need to place your goods on platforms with lots of visitors. The more visitors a site has, the higher your chances of converting a visitor into a sale.

One significant way to go about this is to create a blog of yours, create useful content there and sale to your visitors; owning a blog and nurturing it can be hard and time-consuming.

To go around this, you can place your products on sites that serve as online kiosks such as Amazon, Sears, Etsy, Wish, Bonanza; these sites are known majorly for containing great products, so you can take advantage of this and begin to sell your products on those platforms.

To increase your sales, you can create a website for the promotion of your products, not necessarily a blog. You can also take advantage of social media platforms such as Instagram, Facebook, Twitter to promote your products.

Freelancing

Becoming a freelancer is one route often taken by many online entrepreneurs. As a freelancer, online entrepreneurs are self-employed and do not have to work for any agency or company.

Freelancers are often their own bosses, as they offer their services to companies or agencies that need them and usually have the benefit of working from anywhere in the world.

Some of the services you can offer as a freelancer are:

online teaching
graphics design
voice overs
article writing
photography

There are sites available to make things easier for the freelancer, as sites exist to bring clients to the freelancers without doing a lot of work.

The competition on these freelance sites is usually fierce, but if you can survive the competition and gain a couple of clients, the battle for clients will become easier as your reviews will vouch for you.

Some freelance websites are:

Photography

If you have a knack for taking great pictures that have powerful messages and are beautiful, you can make some money online through those skills.

You can make a name for yourself as a talented photographer by selling photographs on photo-selling websites.

An online portfolio can also make you stand out from others and make you a renowned photographer. Some areas where you can take great photographs are:

Sports
Fashion
Abstract art
Landscapes

Here are some amazing photo-selling sites:

Adobe Stock (formerly known as Fotolia).
Shutterstock
Etsy
Crestock
Alamy
500px
Fotomoto
BlueMelon
Snapped4u
PhotoShelter

Vlogging

Similar to blogging, you can also make some money through vlogging (video blogging). You can create a vlog to educate or entertain people; provided you are creating value, you can make money through vlogs. Videos are immensely helpful resources and are often used by people in cases where blogs with written content don’t suffice.

A platform like YouTube is a great way to make money from vlogging; you can invest some time and make fantastic videos. When you create quality content, your YouTube channel audience almost certainly increase then you’ll get paid based on the number of people who get to view your videos.

A vlogger can also make use of other social platforms like Instagram, Snapchat, and Facebook as a platform to promote their contents and thereby gain an audience. Besides getting paid by YouTube or the platform where your videos are based, you can also get to charge companies who reach out to you for advertisements in your videos.

Conclusion

There are various ways of making money as an online entrepreneur; some have been discussed in this article such as Photography, Affiliate Marketing, Online Kiosk sales. You should note that these methods are not get-rich-quick schemes; they all require some time and effort for you to be successful at them.

Are you making money as an online entrepreneur through other methods not listed here? We would love to hear about them in the comment section below.