How To Make Money Online: 30 Ideas To Inspire You in
2022
How To Make Money Online: 4 Great
Ideas
1. Sell stuff online
2. Start a dropshipping
business
3. Start freelancing
4. Create Custom Products
to sell online
·
Business type: whether the idea is product based, service based or driven
by an audience.
·
Effort: how
much time, skill, or experience you’ll need to put into the idea.
·
Leverage: how
well positioned you are to turn the idea into a money-making one that increases
in value without needing your direct attention. A high-leverage idea isn’t a
1:1 trade of time for money.
·
Startup costs: the upfront budget you’ll need to launch the idea.
·
Profit potential: how much profit you can expect to make from your idea per
year.
1. Sell stuff online
One of the best money-making
ideas for quick cash is selling stuff online. For example, you can sell
clothes, furniture, and handbags from your own home, or you can buy and resell
higher-value items like laptops, TVs, or phones. You can buy these products
online through sites like AliExpress or from local garage sale and thrift
stores—a great way to make money fast and earn extra cash.
Try to sell your products on multiple platforms and marketplaces
instead of just one. The more places your products live, the more likely people
will be to find them. There are hundreds of online selling sites, all with
their own niches and commission fees. A few examples include:
·
eBay
·
Facebook Marketplace
·
VarageSale
·
Mercado Libre
·
Your own online store
If you enjoy this process, you can start a legitimate reseller
bussines and sell anything from vintage clothing to refurbished
electronics.
Startup
time: A few hours.
Effort
to start: Medium.
Time
to first payment: Varies, depending on the
marketplace in which you're selling your products.
What
to know:
·
The more places your
products are available to buy, the more likely people are to find them.
·
There are hundreds of
online selling sites with their own special niches.
·
Each marketplace has
its own rules and fees. Make sure to understand them before you sign up for a
marketplace.
Requirements:
·
Products to sell.
·
You may need to create
an account and get verified to sell in a marketplace.
2. Start a dropshipping business
Consider dropshipping—startup
costs are low and it's an increasingly popular way to make money online
for begginers and pros alike. Dropshipping is a business model where you
don't keep the products you sell in stock. Instead, when a customer buys
something from your store, a third party fulfills and ships the order for you.
Dropshippers can cash in on the latest trends and sell trending
products, or there are many steady product categories that offer similar
opportunities to do well.
Startup
time: A few hours.
Effort
to start: Very easy with little ecommerce knowledge.
Time
to first payment: Two weeks to one month, on
average.
What
to know:
·
At Shopify, we
regularly see these categories on our list of top performers: clothing and
accessories, jewelry, home and garden.
·
You can create a
Shopify store and test it out with a free trial
·
The pay period using
Shopify Payments is five days plus the number of days remaining until your
payout day.
Requirements:
·
You must be 18 years
or older to start a Shopify store. If you’re under the age of 18, your parents
can start one on your behalf.
·
Requirements vary by
state, but you need to have licenses or permits to sell online.
3. Start freelancing
An increasingly popular home business idea is offering
freelance services to clients online. Freelancing ideas, graphic design,
data entry, digital marketing—almost every role an online business would hire
for is viable as a freelance service. I’ve worked with writers, illustrators,
and designers for years at Shopify, most of whom make their full-time living
freelancing, not just doing it in their spare time.
Almost all of these services are best positioned toward business
clients, for reasons similar to why business software is an attractive product:
business clients are willing to spend. What most freelancers quickly learn is
they have more leverage over the price they can charge when they position their
work as outcomes instead of deliverables.
Put another way, businesses hire freelance writers to create
content that drives traffic and leads, not for wordsmithing. Sell clients on
the outcome and prove it, where possible, through customer evidence like case
studies and testimonials.
The last thing to consider for these businesses is that they are
a direct trade of time for money. You can make good money with a small
selection of high-paying clients, but the moment you stop working, the cash
flow dries up. You may be able to turn a freelance business into more of an
agency, where hired help handles some client work.
Startup
time: Varies, depending on service.
Effort
to start: Medium.
Time
to first payment: Varies.
What
to know:
·
Collect customer evidence
cases, studies, and testimonials to help you in getting your next job.
·
Freelancing is a
direct money-for-time trade, so you may eventually want to grow your business
model into one with a standalone asset.
·
Sell clients on the
outcome you can achieve, then prove it.
·
Know your worth. You
have the power to set your pricing.
Requirements:
·
Ability to talk to
clients and meet deadlines.
·
An internet connection
and laptop.
·
You'll need to be at
least 18 years old to work on freelance marketplaces.
4.Create custom products
While the options above come bundled with the convenience of not
holding on to expensive inventory, they also come with some limitations—mainly
that you don’t have full control over the product you’re selling.
And when you think of most direct-to-consumer brands, this is
what comes to mind: original products that make meaningful improvements or add
interesting details to well-known items. Personally, I’ve purchased many
messenger bags, but I’d never seen anything like the one made by until it
reached my doorstep.
Making products by hand is popular among jewelry brands, fashion
brands, and home décor brands. It gives you full control over the product
development and quality of your items.
The only drawbacks are:
·
It can be time
consuming
·
It’s difficult to
scale
The costs associated with making products by hand are the cost
of materials, storing your finished products, and labor.
Startup
time: A few hours to set up your ecommerce platform, followed by
however long it takes to create your custom products.
Effort
to start: Medium, but it takes a lot of effort to maintain.
Time
to first payment: The pay period using Shopify
Payments is five days, plus the number of days remaining until your payout day.
What
to know:
·
Sellers must collect
the state tax where their item is delivered to.
·
Make sure to factor in
your packaging costs when pricing your items.
·
You can set up a
Shopify store and use it for free for 14 days.
Requirements:
·
Most ecommerce
platforms require that you’re at least 18 years of age. If you’re under the age
of 18, your parents can start one on your behalf.
·
Requirements vary by
state, but you need to have licenses or permits to sell anything online.
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