Make Money Online

4 Ways To Make Money Online in 2018 For Long-Term Success

Written by Naven Pillai

The ultimate goal of every individual is to have financial freedom.  It’s a new year and this is the best time to set goals for ourselves. The new year resolution will be either to live a healthier lifestyle or make more money.

Why not make 2018 the year you finally make more money and gain financial freedom?

The great thing about making money online is that you can earn money no matter where you live as long you have a stable internet connection. However, I need to remind you not to fall for scams promising you a huge return on your investment.

Make sure to stay away from ads which promise hundreds and thousands of dollars. Making money online might sound easy, but you need discipline, dedication and consistency. If making money online was easy, everyone will be doing it. You just need to do your own research and experiment on the things to determine what works and what doesn’t.

If you’re serious about making money online, you’ve come to the right article.

Before moving on to the top ways to make money online, let’s take a look at the benefits of extra income.

  • Paying off your debts (student loan, mortgage loan, credit card payments and etc.)
  • Be your own boss
  • Creating an income stream for retirees
  • Have more time with your family
  • Saving for traveling

There are so many people quit their day job after getting excited about the fact of making money online. Please don’t do this. Never quit your job until you’re sure about making fortune online. You can do both. Trust me, I’ve done it. All you need is the ability to manage your time and stay organized.

There are huge opportunities online. You need the answer the following questions:

  1. What are your goals?
  2. How much time will you spend in making money online?
  3. What are your personal skills and talents?
  4. What are your hobbies and passions?
  5. What are your financial resources?

You will have clarity on how you can make money online when you answer these questions. Starting off to make money online without the right path can get you lost.

You can work part-time for another company, start your own online business, sell your unwanted items or even share your hobbies and passions. All that matters is what you’re comfortable doing. Making money online is a long process and I’m sure you want to do something you love to do rather than doing it for the sake of money. You won’t be able to sustain it in a long run.

Let’s check out the top ways to make money online and find the ones that suit you the most.

 

Blogging 

Blogging allows you to share your knowledge and expertise with the digital world. However, choosing the right niche is one of the most crucial parts of starting a blog. You might hesitate as there are so many blogs out there with the same interest and passion of yours.

Fear not.

I’ll tell you why competition doesn’t really matter in the blogging arena.

  • Your own interest and passion matter the most.
  • With the huge competition in ranking for the search engines, you still have your chance to rank higher.
  • The more competitive the niche, the more buyers and monetization opportunities.

If the niche you’re passionate about is competitive, go for it. It might be hard to get a huge slice of the pie, but even a tiny piece will add great value to you. Don’t let competition scare you off. If you’re passionate about writing something that interests you, don’t hesitate, start blogging today.

If you’re not sure how and where to start, check out the following guides:

Revealed: How to Start a Blog and Succeed in 2018

Ultimate Guide: How to Start a WordPress Blog (Step by Step)

How Much Can You Actually Make Blogging?

How to Make Money Blogging (Example: This Blog Makes $100k/Month)

 

Launch An Online Store

According to Statista, the growth of global retail e-commerce will increase to $4.5 trillion in 2021. If you dedicate your time and efforts in launching an online store, it can be extremely profitable. People are spending more time online today. You don’t have to be a programmer or developer to set-up an online store. There are quite a number of e-commerce platforms like Shopify and Bigcommerce which are user-friendly and requires zero technical knowledge.

Maybe you’re passionate about hand-made crafts and want to make an online store out of it. There are buyers hungrily looking for unique hand-made crafts. It is not restricted to this niche. These are some of the niches that you can focus on:

  • Baby products
  • Self-Care Products and Cosmetics
  • Craft Supplies
  • Organic Food Products
  • Subscription Boxes
  • Male and Female Grooming Products
  • Social Conscious Products

If you’re keen to launch an online store and don’t know how the following guides will help you.

ECommerce Business BluePrint: How To Build, Launch And Grow A Profitable Store

How to Start Your Online Store (Beginner Guide)

How to Build & Launch a Successful Online Store

What to Sell in 2018: How to Find Product Niche and Start Selling Online

 

CryptoCurrency Trading

Digital currency trading might be a controversial but earns great ROI. I’m not forcing you to invest in digital currencies, but it is one of the best ways to make money online. I understand your concern that there are rumors that cryptocurrency is a fad and there is no real value in it. Be assured. Digital currency is the next big thing.

There are so many scams revolving around cryptocurrencies. If you’re convinced to invest into cryptocurrency, you need to find the most reliable exchanges and start trading with them. Be careful with the exchanges you choose. There are few exchanges been victims of hackers recently. Following are some of the exchanges that I would recommend:

If you’re interested in digital currencies and want to learn more about it, check out the following guides:

Beginner’s Guide to Cryptocurrency Trading (How to Make Profit)

Trading Cryptocurrency in 2018: The Definitive Guide

The Total Beginner’s Guide to Cryptocurrency Trading (Bitcoin, Ether, and More)

Crypto Guide 101: Choosing The Best Cryptocurrency Exchange

 

Sell Your Skills

At a certain stage of your life, you would have acquired a skill that can be monetized. You will be good at something. It can be writing, designing, marketing, proofreading, video production and many more. There are marketplaces where you can sell your skills. You just need to exhibit your skills and people will want to pay you for your skills.

Check out some of the marketplaces where you can sell your skills to make money.

If you want to learn the tips and tricks to effectively sell your skills, check out these guides:

Get Paid to Sell Your Skills and Services Through MicroGigs

10 Extra Online Skills You Can Sell Today for More $$$

56 Remote Work Skills You Can Sell Online as A Digital Nomad

Here Are 6 Steps To Selling Your Skills Online: Insights from Comexposed

 

Final Thoughts

There are so many other opportunities to make money online. There are even articles which point out almost hundred ways to make money online. I could easily list a hundred ways in this article too. But, I want to show you the most effective ways to make money online in 2018. Whatever your situation is always stay motivated and try to make side incomes.

If you’re really wanting to make a full-time income online, it’s possible. Learn how and what to do and start applying them practically. It’s a long process. Stay dedicated and consistent with whatever you’re doing.

About the author

Naven Pillai

Founder of Freelancewave & Digital Marketing Analyst at Exposureville. You can find me online, tweeting about current trends in the digital marketing industry, or playing Football Manager. Winners are not people who never fail, but people who never quit.

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