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How Can You Make Money Online

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If you think you could write a book people would want to buy, this is a smart strategy to consider since the start-up costs can be minimal and you probably already have a computer and word processing software anyway.

Another way to make money online is by collecting leads. While I used to have the website set up so I could sell these people life insurance myself, it was a lot of work to process all the different requests and clients.

As a result, I started selling the leads I gathered instead. Basically, lead buyers are willing to pay for the personal information I gather from people who visit my website.

This is a win-win for everyone since I get paid for the leads and my website visitors are connected with someone who can help them.

Keep in mind though, you can sell leads in many different industries —not just life insurance. Really, you just need to figure out a niche, build a website and traffic, and see how much you can get for the leads you collect.

Holly told me she started writing content in At the time, she still worked a full-time job but created content online part-time to supplement her income.

Over time, she was able to double and triple her rates until she could quit her full-time job to write. These days, she makes bank as a freelance writer and teaches others to do the same via her online course, Earn More Writing.

According to Johnson, the key to making it as a freelance writer is figuring out a niche, networking with people who might hire you, and delivering high quality content percent of the time.

If you have a website or a large social media following, you can also make money by pursuing sponsored posts and ads. But, how does this work?

Basically, companies are willing to pay bloggers and social media influencers to promote their products and services.

If you have a platform, be it a blog or a huge Instagram following, you can cash in. Later on, however, I realized companies that wanted a sponsored post really just wanted a link from my website to their own site.

For that reason, I started increasing my rates. I also only promote companies I use or believe in. My wife has a pretty big Instagram following, and she gets all kinds of sponsorships.

Not only does she get paid in cash, but we get a lot of free stuff, too. She only promotes things she loves though, so this strategy works really well for her.

Need more ideas on how to make money online? Another strategy is using webinars to market your product, service, or course.

At the end though, you pitch your paid product or service with the goal of securing a few deals. Professional speaker Grant Baldwin uses webinars to market his courses on public speaking, including Get Booked and Paid to Speak.

While Baldwin offers plenty of free tips during his webinar, he offers his course at the end for people who want to pay to learn more.

And, a lot of times, his sales pitch works. Heck, you can probably find a free webinar on how to create your first webinar if you look hard enough.

YouTube is another platform that has made it possible for people to earn money online. There are a ton of YouTube channels out there on any topic if you can think of, and most of the people with a big following are earning some money in exchange for their videos and time.

Last year, Forbes profiled some of the biggest players in the YouTube scene. Will you earn that much? Probably not. If you like doing videos, starting a YouTube channel can a fun way to earn some cash on the side.

Last but not least, you can also earn money online by building an online community, although the monetization strategies you can pursue will vary a lot depending on your goals.

You can build a community with a blog, for example. You can also build an online forum and charge people for membership. You could even build up a Facebook group and use your influence there to sell and promote products.

My good friends Shane and Jocelyn Sams have become experts in building online communities. They have one right now for their website — Flipped Lifestyle.

This community shows people how to create an online business and connects entrepreneurs who are pursuing similar dreams.

Prior to that group, they had an online community for teachers looking for lesson plans. That probably sounds pretty random, but it's crazy the type of communities you can build and rally people around.

If it's something that you're passionate about yourself and you want to connect with others that have that same passion, then an online community is something you should definitely consider.

If you have time, a passion for almost anything, and at least some creative skill, you may be able to build an online income stream — or several — if you give it enough time.

One day you could even create a success story of your own. I am a certified financial planner, author, blogger, and Iraqi combat veteran. I'm best known for my blogs GoodFinancialCents.

Some will provide you with immediate results, helping you to address your basic monthly necessities such as rent, utilities and groceries, while others have the potential to transform your life by revolutionizing your finances in the long term.

No matter what method you select for generating your online income, there's one very important thing to understand. Money can be earned and spent, saved and pilfered, invested and wasted.

Not time. That's why time is far more valuable than money. You can't recreate time. Once it's spent, it's gone forever. How are you supposed to do that when you're working at a life-sucking nine-to-five job?

While the stability of full-time employment might allow most to sleep well at night, it doesn't empower your creative juices to search for new income-producing strategies.

Sure, the active income will help you survive. That's the scarcity mentality at play. But it's the passive income ideas that will help you thrive.

Considering that you have a finite amount of time, passive income should make up a large part of your work.

If you're serious about generating any semblance of income online, then passive income should be one of your sole goals and ambitions.

Wouldn't you prefer to do the work one time and get paid repeatedly as opposed to relying on your time to generate that income? Invest the time at the front-end so that you can reap the benefits on the back-end.

This means putting in a bit of sweat equity and not getting paid today. Rather, you'll get paid somewhere down the road.

And you'll continue getting paid whether you keep building that passive income stream or you stop. Anyone interested in making money online should be pursuing passive income, while also working on active income.

There are loads of ways to generate an income passively on the internet, many of which start at the foundation of having a blog, generating substantial traffic and building an audience and a list.

It's not easy, but it's worth it. That doesn't mean you need to start a blog to make money online today. If you're looking to address some immediate financial needs, then the app economy is likely right for you.

All you have to do is add rebates, go shopping, then snap a photo of your receipt to earn your cashback. Simple and effective. Tasks can be anything from simple repairs to more exhaustive undertakings.

The app carefully vets each service provider to ensure the highest quality, and it's a great way to make some extra income on the side on your own terms.

Ebates : This app offers a simple way to make money online by buying whatever you're already buying and then getting a cash-back reward.

With eBates, there is no scanning receipts. Simply click a link in the app and buy it from the store. You'll automatically be credited with your cash rewards upon purchase along with receiving an email confirmation.

The app gives you both cashback and gift cards as a reward for your efforts. Inbox Dollars : Another app you can use to make money online is Inbox Dollars, which pays you for watching television, taking surveys and shopping.

There are cash offers here and it's relatively similar to some of the other apps in this arena. You could also opt to use existing websites for making money.

These include both active income and passive income methods. For example, you could sell some used items or invest in creating some digital designs that then can be sold on merchandise.

Again, devote a sizable portion of your time to passive income so that you can slowly build up earnings that will arrive on autopilot without any extra added effort.

Of course, a large portion of these sites do have their own respective apps. But these are certainly less involved in the gig economy, and more so in the longer-term projects that exist in the fields of photography, online marketing , graphic design and web development, for example.

Craigslist : This site has been the go-to resource for over a decade now for people that are looking to make a bit of extra money online. You can easily sell your used stuff, rent out a spare room in your home or apartment, and offer up your services to the world.

Upwork : This website offers a great marketplace for selling just about any professional service. You don't need a merchant account, a website of your own or anything else for that matter.

All you need to do is be able to provide a high-quality service at a reasonable price. But be informed, you will have to compete with many others that are constantly bidding on open jobs.

Cafe Press : This website allows you to create digital designs that can then be sold on the platform. You'll earn a commission for everything that sells and you'll never have to deal with logistics like printing, warehousing and customer service.

Mechanical Turk : Amazon's Mechanical Turk is a resource for doing human-intelligence tasks, or as the site commonly refers to them, HITs.

You get paid a very small fee for any given HIT and you'll need a good deal of volume to make a substantial amount of money. But it is a resource you can use in your spare time to generate a small income online.

Flippa : If you have a penchant for buying and selling, you could use Flippa, and its higher-end counterpart, Deal Flow Brokerage to buy and sell websites for a profit.

You'll need to know what you're doing here, but you could easily make a sizable income by flipping income-generating websites for profit. No need for complex ecommerce sites or merchant accounts or any sort of automation.

The company takes a commission of every sale and charges a small listing fee per item. But many still use Etsy as their primary source of income.

The best part is that you can also sell digital products such as poster designs. Shutterstock and iStockPhoto : Have a keen eye for photography?

Why not sell photos on some of the leading photography sites. You'll need some design software skills to tag along. But if you do have skill in this arena, it's a great potential source for passive income.

Threadless : Similar to CafePress, Chicago-based Threadless also allows you to sell digital designs in the form of t-shirts and other merchandise such as phone cases, mugs, beach towels and so on.

Zazzle : Another great resource for selling online is to use Robert Beaver's Zazzle. The site is somewhat similar to Etsy and virtually anyone can make money online selling a variety of items here.

From art to handmade items and customizable products, you can pretty much sell anything here. Of course, along with selling your own stuff on your own website comes a whole slew of both responsibilities and technical configuration and requirements.

For starters, you'll need a website and a hosting account.

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If you mention a product or service, you link to that produce or service using a unique affiliate code you received when you signed up for that particular affiliate program.

In addition to signing up for individual affiliate programs, you can also sign up for an affiliate ad network that offers a ton of different affiliates in one place.

Michelle has had so much success with affiliate marketing that she even has her own course called Making Sense of Affiliate Marketing.

While Michelle works with a ton of affiliates in the financial services industry, one of her biggest affiliates is a blog hosting company called Bluehost.

This just goes to show that you can make money with nearly any affiliate company or product if you know your audience and build up enough traffic to create sales.

Another way to make money online is via consulting. My colleague Robert Farrington of The College Investor is a good example of someone who consulted online on the side in an unlikely industry.

Robert told me that, after he had been blogging for a few years, a couple of brands reached out to him to ask him for help with social media and online marketing.

Robert said he did an average of of these gigs per year for a while depending on his schedule and the work involved. And remember, this was pay he was earning to advise people on the best ways to use social media tools like Facebook and Pinterest to grow their brands.

This website lets anyone who wants to offer consulting set up a free profile. You can find online courses that teach anything from cooking to marketing or even freelance writing.

Heck, I even offer my own course for financial advisors who want to take their businesses online— The Online Advisor Growth Formula.

Most people set up their online course through a platform like Teachable. With Teachable, you can upload your course materials and use the platform to manage customers and accept payments.

Another way to make money online is by hosting an online podcast. I have the Good Financial Cents podcast to go along with my blog, and I use that platform to find new sponsors and advertisers all the time.

However, there are tons of people making a lot more than me on their podcasts. The key to getting ahead with podcasting is finding your niche, growing an audience, and then finding ways to monetize and connect with sponsors.

While the publishing industry used to be heavy in print, you can complete the entire process of writing, publishing, and marketing a book online these days.

Websites like Create Space will let you upload and take your book to print without getting a formal publisher involved, and you can even get your book on Amazon.

Hogue has written several books he has published online to create an ongoing source of passive income. Not bad, huh? If you think you could write a book people would want to buy, this is a smart strategy to consider since the start-up costs can be minimal and you probably already have a computer and word processing software anyway.

Another way to make money online is by collecting leads. While I used to have the website set up so I could sell these people life insurance myself, it was a lot of work to process all the different requests and clients.

As a result, I started selling the leads I gathered instead. Basically, lead buyers are willing to pay for the personal information I gather from people who visit my website.

This is a win-win for everyone since I get paid for the leads and my website visitors are connected with someone who can help them.

Keep in mind though, you can sell leads in many different industries —not just life insurance. Really, you just need to figure out a niche, build a website and traffic, and see how much you can get for the leads you collect.

Holly told me she started writing content in At the time, she still worked a full-time job but created content online part-time to supplement her income.

Over time, she was able to double and triple her rates until she could quit her full-time job to write. These days, she makes bank as a freelance writer and teaches others to do the same via her online course, Earn More Writing.

According to Johnson, the key to making it as a freelance writer is figuring out a niche, networking with people who might hire you, and delivering high quality content percent of the time.

If you have a website or a large social media following, you can also make money by pursuing sponsored posts and ads. But, how does this work?

Basically, companies are willing to pay bloggers and social media influencers to promote their products and services. If you have a platform, be it a blog or a huge Instagram following, you can cash in.

Later on, however, I realized companies that wanted a sponsored post really just wanted a link from my website to their own site. For that reason, I started increasing my rates.

I also only promote companies I use or believe in. My wife has a pretty big Instagram following, and she gets all kinds of sponsorships.

Not only does she get paid in cash, but we get a lot of free stuff, too. She only promotes things she loves though, so this strategy works really well for her.

Need more ideas on how to make money online? Another strategy is using webinars to market your product, service, or course. At the end though, you pitch your paid product or service with the goal of securing a few deals.

Professional speaker Grant Baldwin uses webinars to market his courses on public speaking, including Get Booked and Paid to Speak.

Most clients pay per post or on a retainer contract with a set number of posts delivered per month. Blogger , which you can set up for free in less than five minutes, automates Google AdSense so that you can make money with your blog by displaying ads and getting paid when people click on the ads.

To make more money, set up an affiliate program see below for books, music, and more, and insert your affiliate links whenever you refer to those items.

A good strategy to set you on the path to success is selecting a unique topic, writing intelligent copy, and telling all your friends.

You'll be off to a better start with a targeted audience. If you are an expert on a particular niche topic and can assemble some of the best resources on it from around the web, then you can create topical hubs and get paid through sites like HubPages.

You'll earn even more money by creating your own niche site, though. Established topic sites have a built-in supply of traffic and tools to make content creation easier and are among the most profitable online business ideas.

Once you've established yourself as an expert within your niche, you'll be able to make money from a combination of ad revenue, affiliate fees, and more creative avenues like online courses, other digital products, and one-on-one coaching fees from others who want to learn directly from your expertise.

If you already have a website or blog, look for vendors that offer related but noncompeting products and see if they have an affiliate program.

Stick to familiar products and brands—they're easier to sell. For promotion, place simple text or graphics-based ads in appropriate places on your site; you can review or recommend products or create a dedicated sales page or website to promote a particular product.

You don't have to be a professional photographer to sell your photos for money. People generally search for images on stock photography sites like ShutterStock , Dreamstime , and iStockphoto by keywords, not by photographer name, so you have the same chance as anyone else of having your image selected.

Just be careful not to post images of trademarked brands, copyrighted art, or people's faces that are readily identifiable unless you have a model release.

Virtually anything else is fair game.

Find all of their listings and see just how they list the items that they're selling. Tutor students. One day Play Online Pocket Tanks could even create a success story of your own. Invest the time at the front-end so that Pokerstars Free Money can reap the benefits on the back-end. More reader stories Hide reader stories. How Can You Make Money Online