As the world gradually becomes more online and digital, the opportunity to make money using the internet increases. What is commonly known as ‘digital dollars’, there is a world of ways to go online and make a legitimate income from the comfort of your own home.

The pandemic of 2020 only accelerated a world that was shifting online – a huge amount of jobs were changed from being unnecessarily in the office to remote, allowing people to not only work where was most efficient but also get a lot more time to invest in secondary incomes.

The side hustles have only grown since then, with remote workers able to manage up to 2 full-time jobs in some cases due to the flexibility in nature. In the United States alone, the reported figure for online side hustles hit over 70 million and is expected to grow by 25% in the next five years.

What is more important about online income is the start of the current economies around the world – we are experiencing a global downturn that is leaving some people unable to live off just one income when they have a family and a mortgage to pay.

An online income can help subsidize this and boost paychecks to get through economic downturn turns and leave savings untouched. That being said, here are the best ways you can go around creating an online income: 

Teaching Your Expertise Online

Earn money online

We are all skilled or proficient in something if you are working remotely. Whether it is something digital marketing related like SEO, content marketing, or PPC, or more technical like coding, software creation, and app development, you can be sure that your knowledge is desired by someone who is starting their journey.

There are multiple platforms you can use that are similar to freelancing websites, where you can post your skill or profession, your hourly, rate, and find students. In some cases, a tutor can chup up to $100 from just using Skype or Google Meets online! You can find tools that allow you to manage all this on so many browsers, for example, you can find a free VPN Firefox can work with fairly easily – this will make sure you carry out your online work safely.

Begin Freelancing

The most common one yet is still underutilized. You will have a skill from your 9-5 job that someone is seeking in the world, and if you get the right frame of mind you should be able to find them and create a deal.

So many burgeoning businesses and startups cannot afford to take on salaried workers for every element of work they need to complete, but they are more than happy to bring on a freelancer on a per-hour, per-project or per-work basis that can be very profitable for both sides.

Whether your skill is based on coding, programming, digital marketing, editing, or more, you can find someone or a business out there that needs your talent.

Create Digital Products

A problem with eCommerce is that, despite it being wholly profitable and viable for an online income, it requires a sizeable amount of investment from the seller’s behalf to begin with. 

With digital product creation, you only need to invest your time and minimal costs on the platform to host, with some additional copywriting assistance. If you are an SEO expert, you could write an e-book on ‘SEO For Beginners and sell it online for a huge ROI. If you are a DIY whizz, you can film yourself doing manual jobs around the house and then sell at a huge markup online.

Website Renovation & Flipping

Website Renovation

The domain market on the internet is very similar to the housing one in real life – you are more than capable of buying a domain, creating a property, or renovating the existing one and selling for a profit. The smartest way of doing this and arguably the most simple is to buy the domains of websites you think will be popular or are currently popular but available for purchase. 

Think of how profitable it would have been to have acquired the domains for companies like Apple, Tesla, Microsoft, etc once they registered as an LLC or business. In other instances, you can buy existing blogs that focus on popular topics and work to improve the website to have it generate revenue in advertising, affiliate marketing, and other means. Once you have built its revenue of it to a reasonable amount, you might find it easier to sell it for a huge profit. 

Conclusion

Ultimately, there are hundreds of ways to create an income online using skills you already have or ones you can learn pretty easily. The key things to remember when you start to create your online side hustle are that it won’t be easy, it will require a lot of time and dedication and you will fall at so many hurdles on the way.

If you can stick on the journey of creating a digital income, you will be incredibly thankful – not many things have such a high success rate for helping people save money, escape the 9-5, retire early, and live the life they always dreamed of.

Also Read: Should You Buy an Online Business or Start One From Scratch?