How can I make money online in 2021? This is a major question being asked by many. It is no more news that having multiple streams of passive income is very important especially in this age and time when many blue-collar jobs are not reliable.
In this article, I am going to share with you 10 practical ways to start making passive income online in 2021 (literally showing you the steps you should take), even if making money online is totally new to you.
Here are 7 Practical Ways To Make Money Online in 2021
- Start a Youtube Channel
- Start a Blog
- Affiliate Marketing
- Ecommerce or Dropshipping Business
- Become a Micro-Influencer
- Start Freelancing
- Build and Sell Online Courses
Now, let’s take a deep dive into how you can earn passive income online as a beginner in 2021.
According to Wikipedia, Youtube had made US$15.1billion in ad revenue in 2019 and they have partnered with creators to share this revenue with them. You might already know that making money on Youtube is not a walk in the park. However, it is a major money-making platform for creatives. You need 1,000 subscribers and 4,000 watch hours before you can qualify to start earning advert revenue from youtube. Beyond this, it is important to understand how Youtube works in order to maximize views on your videos and make money with it in 2021.
You can also boost your views on youtube by using SEO tools specifically built for Youtube. This is the secret of most Big Youtubers, and you need to get on it now to start ranking your videos well.
2. Start A Blog
Simply put, a blog is a page on the internet where you can write about anything you want (such as the one you are on right now). Different ways you can make money in 2021 off your blogs include but not limited to – advert revenues, brand sponsorships, affiliate marketing and selling your own products.
Click here To Learn How To Start a Money-Making Blog in 2021
3. Affiliate Marketing
This is one of the most easiest ways for you to make passive online income in 2021. Here are some of the benefits of affiliate marketing:
- very low start-up cost (you can even start up for free)
- There is no need to make your own product to sell
- Can easily determine how much success you will have on particular products based on what is already working for others.
4. Ecommerce or Dropshipping Business
Online shopping is now more popular than before and a lot of people are making good money online via this method. In short, you can jumpstart your career in eCommerce here and start your own profitable online business this year.
5. Become a Microinfluencer
Microinflueencers are people with a good amount of followings on social media and partner with brands in order to promote the brand’s product or service to their followers. So if you have a good number of social media followers, you might want to consider making money with your audience. You should ensure that the products/service you are promoting are things that appeal to your audience if you want to see massive returns.
6. Start Freelancing
Do you have a skill that you are good at, such as editing, writing, etc? You can start freelancing on different platforms such as Fiverr, Fixlancer, Upwork. All you need to do is sign up on the platform and create a post telling people what you do with your price. The platforms also help promote your gigs and your work is exposed to a lot of visitors to these sites.
7. Build and Sell Online Courses
Selling your own Online Courses is a great way of making money. No wonder a lot of Universities and platforms are also offering online courses for students. You can start sharing your knowledge online in exchange for money without wondering about how to build the website or get people to buy your course. SkillShare gives you a platform to share your skills and your course gets promoted to thousands of people on the platform who may be interested in learning what you teach. In addition, you get a step by step guidance to create your course and get to interact with other teachers.
These are practical ways you can get started with making money online and earning passive income in 2021.
Which of these suggested method(s) would you be trying in 2021? Let’s know in the comment section below.
Don’t forget to share this post with friends and family so you can achieve this together.