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Whether you’re working full-time, on a zero-hours contract or stuck at home without a source of income. The internet can be a great way to generate revenue. With the right side hustle, you’d be surprised at how much you can make. Stuck for ideas? Take a look at these innovative and effective ways to make extra money online:
1. Become an influencer
If you’re already a prolific user of social media, you might have what it takes to become an influencer. Which means you could make a lot of money. You’ll need a substantial following before you can command high fees for placements and advertising. But this needn’t be a barrier to success. An increasing number of brands are using influencer marketing to reach their target audience. So establishing yourself as an expert in a particular field. Can be a great way to enhance your credentials and gain exposure.
2. Become a reseller
Selling goods online can really generate high revenues and there are plenty of ways to capitalize on the opportunity. With access to financing, such as payday loans. You can buy stock and set up your own e-commerce website, for example. Alternatively, affiliate marketing allows you to earn a commission for every product sold via one of your links.
From third-party marketplaces to sites specializing in pre-loved items, there are numerous options when it comes to selling goods online. With millions of people using the internet for shopping, there is always a demand for reliable and reputable online retailers.
3. Create an app
More than half of the global population has a smartphone, which means there is an outstanding demand for apps. Developing a popular app can be an extremely lucrative pastime, so start thinking of gaps in the market. While charging for an app can net you a profit, including microtransactions, can be even savvier. Giving users the opportunity to make repeated purchases means you can earn passive income in the long-term. So creating an app could be a great way to supplement your income now and in the future.
4. Offer consultancy services
If you have knowledge of a particular area or specialism. Why not put it to good use and share your talents with other people? Perhaps you can leverage your professional experience and offer online consultancy? Maybe you have spent years honing a particular skill or hobby? No matter what you’re good at, there are others who are interested in the same thing.
By advising, training or consulting, you can turn your interests and talents into a money-making opportunity. What’s more, there are third-party platforms specifically designed for this type of transaction. Many are free to join and only take a commission once you’ve been paid. So you can find new clients and advertise your services without investing any of your hard-earned cash.
Starting a Side Hustle
With endless possibilities, starting a side hustle can be a fun and effective way to make extra money. By choosing something you enjoy, you can even earn cash while engaging in your favourite hobby!