How to Make Money from Home Online: Effective Ways and Useful Tips

There are many ways to make money from home online (free and paid). Here are some effective ways and tips you need to know.

1. Online Trading — eToro

Trading online is not an easy way to make money, but investing in stock markets can be very profitable if to do it properly and safely. Attention! you may lose a lot of money if you don’t take it seriously.

You can do it with the help of online market trading platforms. eToro is one of these platforms.

eToro has over 12 million users worldwide and offers free practice accounts. Also, it has been featured in the BBC 2 documentary “Traders: Millions by the Minute”. First, read the details and then decide to invest your money!

Use a Robo-Advisor — New Modern Approach

Robo-advisors put your investments on auto-pilot. All you have to do is choose your risk, your goals, and fund your account. The Robo-advisor will take care of the rest. If you don’t know the ins and outs of investing, Robo-advisors can help.

2. Invest in Real Estate Online

Investing in real estate online is a form of passive income but there is a little risk. Real estate crowdfunding involves many investors investing small amounts of money into real estate ventures. You can start with a small investment and then decide what to do.

3. Use Etsy — Sell Items

Etsy is more effective than ebay and even Amazon. But, just like ebay and Amazon, Etsy does have some fees if you’re planning to sell. The fees are not expensive.

$0.20 for each item that you list for sale. When you make a sale you’ll be charged a transaction fee of 3.5% of the price.

4. Shop Online and Money-Making Apps (CashBack)

If you love to shop online, with money-making apps you can earn money every time you shop.

a) MyPoints. You can earn up to 40% back on all your purchases at 2,000 top retailers like Walmart, Best Buy, and Amazon. They also offer promo codes in many online stores.

You can cash out and get gift cards, or you can transfer the cash to your PayPal account.

b) Dosh. It’s an effective cashback app because the cashback part is 100% automatic making your purchases even easier. Just link your credit or debit card in the app and you’ll automatically earn cashback whenever you purchase at a partner site.

Partners include Walmart, ASOS, GNC, Instacart, and Sephora, plus over 15k local restaurants and retailers that offer up to 10% cashback. You can move the cash you earn directly to your PayPal or Venmo account if you earn at least $25.

c) Acorns. With the Acorns app, you can make money as an investor. It helps you to save money by rounding up your purchases on the debit or credit card of your choice. Then, every time you hit $5 in savings, Acorns invests your money in ETFs.

Acorns cost $1, $2, or $3 per month depending on the plan you choose. Many people like it and use it.

5. Create a Podcast

Blogs and podcasts are very popular and profitable these days. Find a niche topic. This makes it easier to narrow down your target audience.

Once you have a dedicated audience you can find advertisers whose products fit your niche.

6. YouTube Channel

The big money on YouTube is when you become a partner. Attention! YouTube changed the requirements to become a partner. You need to have a channel that has reached 4,000 watch hours in the previous 12 months and 1,000 subscribers.

When you’re a partner, you start earning money by how many views you get. How it works: YouTube takes around a 45% slice of advertising revenue, although the CPM (cost per thousand) that advertisers are charged varies.

Once you become a Youtube partner, you can connect to Google AdSense. (their advertising system). You’ll be paid based on the number of “impressions” your videos get. That’s when someone clicks on or watches an ad.

If you can get companies, brands, to sponsor your videos, or place their products in your videos, you can generate even more money.

7. Graphic Designer

A graphic designer creates digital art for clients. It’s easy to make money as a graphic designer but it takes a little persistence.

First, you’ll need to create a portfolio. Then, you can find direct clients to work with by using sites like Fiverr or UpWork where you can sell your designs. Also, you can create and sell design courses. (Very profitable these days)

8. Digital Sales and Sales Platforms

a) eBay. eBay is one of the most popular websites in the world. It’s an excellent way to attract many people to your items, pretty fast. If you have high-quality photographs and effective descriptions in your product listings, you can make money pretty soon.

eBay’s fee schedule is complex. Expect to pay 10% of your final selling price to eBay.

b) Amazon. Many people don’t know that Amazon is a haven for third-party sellers. If you plan to sell more than 30–40 items per month on Amazon, you need to become a professional seller.

You’ll need to pay a $40 monthly subscription fee and a referral fee of 6% to 20%. You won’t pay the per-item selling fee.

Alternatively, you can register as an individual seller. The fee schedule is the same as for professionals, except you do have to pay the selling fee and don’t have to pay the subscription fee.

c) Trade-In or Resale Marketplaces. There are many places (marketplaces) to sell your stuff online, especially if it’s electronic. Popular, online, resale marketplaces include SellCell, Gazelle, and MaxBack.

Also, many retailers such as Best Buy have trade-in programs.

9. Retail Arbitrage: How to Buy Low and Sell High

Retail arbitrage, is one of the top business for self-employed entrepreneurs and marketers. They buy products for pennies at auctions, from online retailers, and then sell them online at Higher Price.

10. Audiobooks

Recording Your Work. If you’ve already written a book, you can turn it into an audiobook. It doesn’t have to be your voice on the recording. It’s better to hire a trained voice actor.

Popular platforms like ACX typically have low production costs and royalty-sharing arrangements that maximize writers’ income. potential.

Recording Others’ Work. If you’re a trained voice actor or narrator you can use ACX and other platforms to find audiobook recording jobs. You’ll need to audition for each role.

You’ll earn money two ways: at an agreed per-hour rate for the actual job and a shared royalty arrangement with the rights-holder.

11. Social Media — Get Paid to Tweet, Post, and Share

Easy to start but they’re not the most profitable options online. Unless you have thousands or millions of Twitter followers. You won’t make more than a few bucks per tweet on Paid Per Tweet.

Making money from home online these days is becoming easier because of new technologies. If you have some technological know-how, you can make extra cash from home. There are many ways to make money online if you get creative.

Make your research, find new, innovative ways, and never give up. First Step. Take Action Now!

I’m blogger, marketer, and writer. I love the useful articles and infographics. Discover more about me at my blog.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How can i check my credit score for free?

How to Level Up Your Personal Finances in 3 Steps

A photo of a gun-like device shooting money, branded by Supreme

Should I use an Online Estate Agent to sell my property

Do You Have Subscription Fatigue?

The Common Mistakes of Every New Investor

6 Financial Goals To Achieve By Age 30

8 Ways to Make Money From Nothing

Can i use credit card gift cards on adult websites?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
john tsantalis

john tsantalis

I’m blogger, marketer, and writer. I love the useful articles and infographics. Discover more about me at my blog.

More from Medium

#1 Thing YOU Need to Succeed on YouTube

My 9 year old asked me how to start a business… so I said…

Spread Your Net! 7 Hot Tips to Start Using Today

Start a Small business: 5 ideas for a beginner