How to make money online without spending money

Filed in Jobs by on October 31, 2020 0 Comments

Do you really want to make money online? Making money online can be extremely difficult if you don’t know where to start. Many people spend sleepless time on the Internet researching on how to make money online to no avail.

Honestly, most of the ways people make money online are difficult and time consuming. It is a problem that I ran into when I first wanted to start making money online.

Interestingly, the Internet provides several platforms to earn money online but the problem is as a result of lack of knowledge and ideas.

 

Table of Contents

1.1 Write an Ebook

1.1.1 I don’t know how to write an ebook?

1.1.2 Writing Ebook Resources

1.1.3 How do I make money online through ebook?

2.1 Create an Agency

2.1.1 What should I do?

2.1.2 Website resources to leverage on

2.1.3 How to make money from the Agency

3.1 Dropshipping

3.1.1 Dropshipping Technology options

3.1.2 How do I make money online dropshipping?

4.1 Make Money Online from Quora (Q&A) Website

4.1.1 How does it work?

4.1.2 How do I make money from quora?

4.1.3 How do Quora make their own money

4.1.4 Useful Resources for making money from Quora

5.1 Make Money on Instagram

5.1.1 How to earn with Instagram?

5.1.2 How many followers do you need to make money on Instagram?

5.1.3 Download free eBook resources

6.1 Create Online Courses

6.1.1 What are the tricks to get my online courses up and running?

6.1.2 Where do I start from?

6.1.3 Platforms to sell your courses

6.1.4Useful resources for creating online courses

6.1.5 Free course tools to create your online courses

7.1 Sell Products Online

7.1.1 Where do you sell your products?

7.1.2 Resources to create an ecommerce shop

7.1.3 Useful resources for selling products online

8.1 Sell your Skillsets on Freelancing Platforms

8.1.1 Skillsets sold online by Freelancers

8.1.2 How do I commence?

8.1.3 Don’t know the skillsets to sell?

8.1.4 What next?

8.1.5 Freelancing Websites where you can sell your skillsets

8.1.6 How do I get paid?

8.1.7 Further resources on Freelancing

9.1 Earn money through Affiliate Marketing

9.1.1 What should I do?

9.1.2 How do I find products to sell?

9.1.3 How do you get paid?

9.1.4 Useful Resources

10.1 Create and monetise your YouTube channel

10.1.1 Great tips that can help you earn extra income with YouTube

10.1.2 How do I monetise my YouTube Channel

10.1.3 Useful Resources

Conclusion

 

Modern world proposes more and more opportunities to work at home or from any place of the world with minimal or no investment. Therefore, I’m set to reveal to you how you can make money online with minimal or no investment.

1.1 Create an eBook

One of the ways to earn extra money that trickles in while you’re off doing something else is to write and sell an ebook. You can write as many ebooks as possible. The more you have published, the more passive income you can potentially earn.

Write completely about what you know (preferably write about topic in your niche). You can quickly learn too and become an expert on a topic. Research and conduct interviews with experts. Have someone else (preferably multiple people) read it before you launch it.

1.1.1 I don’t know how to write an ebook?

Are we in the same category? Don’t worry as there is a way out for us. So, if the thought of writing an entire book intimidates you, there are numerous ways to still get a book written. You can create an outline and then hire a ghostwriter to completely write the ebook. Kindly head to a popular freelancer website like fiverr or upwork to hire someone write quality ebook for you for $5 only. If you need additional information, click here.

1.1.2 Writing ebook resources

In case you are searching for freelancing websites where your ebooks can be written for $5 or more, kindly visit the following links. Interestingly, you can always work with your budget by contacting the freelancer and negotiating with him/her.

I strongly recommend fiverr as you can get quality ghostwritters to completely write unique ebook content with $5.

1.1.3 How do I make money online through ebook?

The way it works is that you will upload your finished book to a platform like Kindle Publishing, Gumroad Discover or Apple publishing. You’ll get a percentage of each sale (70 percent for Apple and 35 to 70 percent for Kindle, depending on the list price). In theory, you could write a book (or several books) and collect royalties on it each month.

amazon kindle

In case you want to do kindle publishing, this section of their website will walk you through the stages to commence publishing on Amazon Kindle.

In reality, you’ll probably need to spend some time marketing your ebook, at least until you have a lot of good reviews. Some marketing techniques are passive (like Facebook ads), while others require more work (like keeping up a blog). Check out these top ten ways to make quick money online.

1.1.4 Helpful Resources on Self-Publishing

Read these useful articles to jumpstart you into the world of self-publishing. Remember to take action immediately to publish your first ebook.

 

2.1 Create an Agency

This is a great way to make money globally especially in this era of unemployment in developing countries. Lots of highly qualified people are out of work right now. Find them jobs or freelance gigs and take a cut for your “finder’s fee.” This should be easy if you have more work than you can handle currently.

You can create a website or a web blog for your job agency where you can post most of the job listings.

2.1.1 What should I do?

You can secure or delegate most of the job you secure to highly qualified individuals who are out of work but willing to work.

Leverage on most of the online job recruiting websites to identify, bid and secure jobs. Thereafter, engage these highly skilled individuals to the job and take a cut for your “finder’s fee”.

2.1.2 Website resources to leverage on

2.1.2 Website resources to leverage on

2.1.3 How do I make money from the Agency

Collect your cut in the form of “finder’s fee” which can be paid directly into your bank account or paid through any of the payment gateway.

 

3.1 Dropshipping

Dropshipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers customer orders and shipment details to either the manufacturer, another retailer or a wholesaler, who then ships the goods directly to the customer.

You enlist the goods on your own ecommerce shop for a higher amount. When you make a sale, you keep the mark-up amount. The maker of the products then sends the products directly to the buyer without you ever touching it.

If you’re trying to search for good products for dropshipping, AliExpress is a great marketplace to start. With Shopify, you can create a store that connects directly to AliExpress to make it easy to sell products.

3.1.1 Dropshipping Technology options

You can start with the following international marketplace if you really want to go into dropshipping to make money online

3.1.2 How do I make money online dropshipping?

You make lots of money by selling these products without bothering about the products or how to ship the product to the buyer.

If you need additional information about dropshipping, kindly visit: Complete Guide to Dropshipping.

3.1.3 Useful Resources on dropshipping

 

4.1 Make Money Online from Quora (Q&A) Website

Quora is a 300 million unique monthly visitor’s rapidly growing crowdsourced Q&A platform with a complete active community with incredible resources for users to ask questions in their niche and get answers from the community of Quora.

Interestingly quora users can pose questions such as “Can I learn Flutter and Dart within one month and start developing android app on Fiverr?” Quora community of users can then follow my questions and offer responses.

The Quora active community finally votes on an answer, either up or down, just as similar to the popular social platform Reddit. There is massive visibility to answers with the most upvotes which are highlighted and viewed the most.

With Quora which is the most popular Q&A(Question and Answer) website, you can earn money online by posting questions and getting thread of answers to your questions.

The central idea behind Quora is questions—questions that ignite interest, questions with tremendous power to change the world, or questions that is tailored to an individual user’s life. The overall success story at Quora can be ascribed to their robust and informed user community, a captivating user interface, and sophisticated processes that highlight the best responses that directly benefit the user community.

4.1.1 How does it work?

You are required to create an account with quora, commence posting questions and quality answers in that your skilled area of services. In the quora terms and conditions, you must have at least 100,000 views on your content and content should be unique and recent. This condition qualities you for quora partnership program.

4.1.2 How do I make money from quora?

You have to join Quora Partner Program to starts your earnings.  With the partnership program, you earn lots of money when you publish questions on their platform. The money you make is dependent on how many pageviews to your Quora questions. More views to the questions translate to more money to your bank account.

It can help you generate quality organic traffic to monetize your blog through advertisement for Google Adsense and Affiliate Marketing.

4.1.3 How do Quora make their own money?

Quora questions and answers earn them money through advertising so the more impressions on a page, the more advertising spend Quora gets from companies that advertise on their platform.

4.1.4 Useful Resources for making money from Quora

There are lots of resources that can assist you jumpstart your journey to earning money online with quora. See list of resources below:

 

5.1 Make Money on Instagram

Do you have huge followers on Instagram? What are you doing on the social media site? Are you just posting pictures as usual? Do you know that you can make huge amount of money online if you’re having massive followers on Instagram?

The good news is that you can make lots of money on Instagram as most internet users use this social media site for a longer period of time throughout the day.

Just grow your Instagram followers, stay active and always keep on posting some amazing content on your Instagram account. By this, you can grow easily and many users will stay active on your feeds because of your rich content. By so doing, many of our Instagram visitors will tie-up with you and, you can make money from it.

5.1.1 How to earn with Instagram

Instagram is a social site like Twitter or Facebook, but you can also deploy the social media site for an earning platform too.

The truth is that you can earn at least 500$ per month by using Instagram, and all you need is followers.

So, followers on your profile on Instagram will decide your Earnings, if you have huge followers then your earning will be huge and vice versa.

You can promote someone’s profile on Instagram and in return, you can charge your fee for the services.

You can also do Affiliate Marketing on Instagram and can make huge money by selling products to your followers.

The third strategy for making money on Instagram involves the usage of your personal brand in selling your products.

You can also make money from sponsored posts for brands that want to reach your audience, making you the perfect medium to do that.

Social media marketing services can also be another awesome method that you can use to generate lots of income from your Instagram page.

Finally, you can become a social media influencer by recommending products or services on your personal profiles in exchange for compensation.

How to Make Money on Instagram in 2020 can walk you through starting from a beginner to making money from Instagram.

5.1.2 How many followers do you need to make money on Instagram?

The number of followers you need for you to make decent income on Instagram varies depending on your industry or niche. While you can make money with 1,000 followers or 1 million followers, ensure you focus on engagement.

Micro-influencers with a highly-engaged and highly-active audience can be more valuable to brands than huge celebrities with millions of followers. Remember, brands don’t just want impressions and views, they want their page visitors to take actions – leads, email sign-ups, and sales.

5.1.3 Download free Ebook resources

 

6.1 Create Online Courses

Online courses are an amazing technique to monetize knowledge that you already have. Think about what you’re good at and what you can teach others. Make a video or audio course that lays out your topic step-by-step. Then, you can monetize the courseware. And unlike coaching, which requires regular meetings with a small number of clients, you can sell your course to hundreds, if not thousands of people while sleeping.

The good news is that you can create a course around almost any subject and find people to purchase it. Online courses are always in demand and it is one-time work and lifetime earnings.

For example, you can find courses on many topics, such as

  • Losing weight
  • Using Instagram for Business
  • Painting
  • Playing piano
  • Singing
  • Becoming an entrepreneur
  • Investing in stocks
  • Running

The list goes on and on. Just get down to business today.

6.1.1 What are the tricks to get my online courses up and running?

These tricks can conveniently help you create and setup your online course within the next few days.

  • Take other people’s courses to get inspiration for things like formatting and making sure your content is better than others.
  • Methods for getting your lessons into the hands of your eager students and to compel them to purchase your courseware.
  • Launch your course before you finish. This will put a fire under your ass to get it done within your set deadline.
  • Research course ideas on Udemy, Skillshare, Gumroad Discover and Product Hunt
6.1.2 Where do I start from?

In order to create a course, you need a platform to distribute it. There are many ways to create and distribute a course:

  • You can create an email course in which all the lessons are delivered via email.
  • You can build a course that’s primarily text-based and involves more reading.
  • You can create a video course where you film yourself teaching.
  • You can create a hybrid text/video course that features a variety of resources.
6.1.3 Platforms to sell your courses

There are a number of platforms which make it very easy to create courses, enroll students, and accept payments, such as:

All of these platforms allow you to upload a variety of materials, including video, audio, and text. One way to get a great feel for what a course should look like is to take a few courses yourself. Udemy offers thousands of courses for relatively low prices and some free.

Visit udemy website today to search for free courseware in domain where you want to learn and commence learning immediately.

Consider taking a few courses in your niche for ideas about what to include in your own course.

6.1.4 Useful resources for creating online courses
6.1.5 Free course tools to create your online courses

With these tools, you can easily create your online courses within your set deadline and deploy to the selling platform.

 

7.1 Sell Products Online

There are several ways you can deploy to sell products online (even if you don’t manufacture product yourself).

Prior to selling products online, you’ll need a web platform on which you can showcase the products and sell them. If there is no money to set up your own ecommerce site, you can conveniently sell products on following ecommerce shop:

And so many other ecommerce store

If you desire to sell products on your own site, there will be a need to create an ecommerce site on which you can enlist the desired products and accept payments.

Interestingly, ecommerce giants such as Shopify make it overwhelmingly easy to create an ecommerce shop. In a relatively short time, you can have a web shop up and running, ready to sell products and get paid through the same site.

7.1.1 Where do you sell your products?

To sell home-made products you make yourself, Etsy is the desired ecommerce site. So if you’re learned in craft and capable of making products that people would purchase, Etsy can be a great marketplace. Top Etsy sellers earn a lot of money monthly.

You can easily enlist and sell products you’ve already bought on great ecommerce shop such as eBay, Jumia, Amazon, and Poshmark. For example, let’s say you like to go to thrift shops. You can get amazing products to sell on eBay at thrift shops. Like Etsy, top eBay sellers earn a lot of money monthly.

If you’re really committed to selling products online, you can have a product manufactured. For instance, you can go into partnership with LongRich Bioscience Company to manufacture your products for you. This involves a significant investment of time and money and requires following a number of somewhat predetermined steps.

Out of all these options, selling products on sites like eBay and Etsy is probably the simplest way to get started making money online. If you can find products to sell, such as at thrift shops or garage sales, you can start making money relatively quickly.

You can also leverage on the amazing opportunities of business partnership with LongRich Bioscience Company to be selling their products. If you need additional information on how to join LongRich Bioscience business, click here.

7.1.2 Resources to create an ecommerce shop

There are numerous resources that you can deploy to create an ecommerce shop and to jumpstart selling of products online. It includes both free and paid resources such as:

  • Shopify (free trial) – unlimited products, 4 payment gateways, 0%* transaction fee
  • Wix (free trial) – unlimited products, 3 payment gateways, 0% transaction fee
  • BigCommerce (free trial) – unlimited products, 5 payment gateways, 0% transaction fee
  • Weebly (free trial) – unlimited products, 3 payment gateways, 0% transaction fee
  • WooCommerce (free to install) – unlimited products, 7 payment gateways, 0% transaction fee
  • Magento (free to install) – unlimited products, 10+ payment gateways, 0% transaction fee
  • SquareSpace (free trial) – unlimited products, 3 payment gateways, 0% transaction fee
7.1.3 Useful Resources for selling products online

 

8.1 Sell your Skillsets on Freelancing Platforms

This is the current trend in the job industry today where professionals can sell their skillsets by working remotely from any location. This trending work style was given additional boost by the emergence of the dreaded COVID 19 disease.

There is no doubt today that there are several skilled professionals working remotely from their locations while at the same making huge income online daily. Also, most Multinational Corporation are increasing adopting this work style for their workforce.

8.1.1 Skillsets sold online by Freelancers

There’s no doubt that you possess certain skillsets that you can sell online on a freelance basis.

For example, are you a…

Video Editor

Graphic Designer

Web Designer

Programmer

Writer

Blog Expert

Data Analyst

Translator

Virtual Assistant

Editor

Proofreaders

SEO Expert

Voiceover Artist

Audio Engineer

And more

Assuming this is the case, then you can sell your skillset on the web as a freelancer. There are countless organizations and people that need these services and you can earn substantial amount of money working for them. Contingent upon your range of skills and your capacity to engage new customers, you can make a full-time living as a freelancer. A few freelancers even make six-figures each year.

8.1.2 How do I commence

So as to begin outsourcing, you’ll have to do a couple of things:

Build a portfolio that for showcasing your work. Actually most clients would want to see an example of your work if they really want to engage you for your services. They need to be certain that they’re employing the right individual. A portfolio will attest that you are capable of rendering the services when hired.

Set your cost of your services. There are various approaches to set costs, including by the hour, by the task, or as a retainer charge. Set your cost of services at what you consider to be a decent amount and be firm about that price as you negotiate with expected customers.

Contact possible customers. There are various approaches to interface with possible customers. You can deploy digital marketing, social media marketing, email marketing, etc. The choice and approach to reach out to possible customers is entirely up to you to decide.

8.1.3 Don’t know the skillsets to sell?

Are you struggling with skillsets to sell as freelancers? Do you desire to learn brand new set of skills to offer in most freelancing web portal? Then, this section is for you. The site enlisted can assist you acquire new skills for penny or free.

Interestingly, these web platforms are great to walk you through as a beginner to an expert in a new skill you intend to learn. All you have to do is to create an account with the website. Browse through their free courseware and start learning a new skill immediately.

8.1.4 What next?

When you acquire a new skill from any of these free skills learning platform, you need to monetise our new skillset in any of the freelancing website. You may start by offering your services for free until you’ve gotten the desired customer base, then you can monetize your skill. Does it make sense?

8.1.5 Freelancing Websites where you can sell your skillsets

There are lots of great freelancing platforms where you can monetize your skills and make residual income daily. Are you ready to monetize these skills now? If our answer is YES, head to the following freelancing websites to create your portfolio page.

All you need to do is to create a skillset portfolio page where you display our services and timeline for jobs including the cost of your services. Potential clients can visit our page and thereafter engage your services if there are satisfied with our profile page.

8.1.6 How do I get paid?

There are several online payment processors that you can deploy to receive payment for jobs performed online. These websites can be integrated to the freelancing websites such that your payment simply drops into your account when a particular job is successfully executed and delivered. Some payment processors that you can use as a freelancer to receive payments are as follows:

When you receive your payment through the payment processors, you withdraw the money directly to your local account.

I make usage of payoneer which gives me the leverage to withdraw my money to my local bank account.

8.1.7 Further resources on Freelancing

 

9.1 Earn money through Affiliate Marketing

Affiliate marketing can be described as the selling someone else’s products by sending customers to an online retailer’s shop.

In this money making model, you get paid a predetermined percentage of each sale of a product if a visitor to our web blog purchases a product through an affiliate link posted on your blog to someone else online retailer’s store.

9.1.1 What should I do?

To earn money online from blogging (affiliate marketing), first, you need to settle for a particular niche of interest. A niche means a target or a subject that you’ll be writing about on your web blog. A niche can be your interest, a hobby or a skillset.

Create great contents in your niche. Then, deploy the social media platform to promote your content and drive traffic to your content so that the visitors to your web blog can make purchase of products via your product reviews and affiliate links posted on your blog.

You can also promote your affiliate links through YouTube, PPC campaigns and different social media networks.

9.1.2 How do I find products to sell?

There are several ways to find a product that sells and the major option is to go through Amazon marketplace. Search for the most popular products.

Amazon serves as a good starting point for anyone interested in this type of earnings, as it offers a huge number of products from which you can choose the ones you want to start promoting.

You can also search for popular products in great ecommerce marketplaces such as Aliexpress, Alibaba, eBay, Jumia, Konga, etc

9.1.3 How do you get paid?

The first thing is waiting for your commission to get approved after a certain time. Once approved, you can make a request that your commission be paid through the available payment methods such as PayPal, Payoneer, wire transfer, cheque, etc…

Most companies do have refund and cancellation policies. You are expected to wait for the companies to ensure that the customer doesn’t request a refund or that the transaction was not fraudulent.

Some affiliate programs also contain payment threshold. You can request your payment when you reach that threshold

9.1.4 Useful Resources

 

10.1 Create and Monetise YouTube Channel

There are smart people who make videos of their daily lives and get paid to do it. How? They upload these video contents to YouTube and they get paid depending on how many times their videos are viewed. As traffic grows, advertisers are willing to pay more for their ads and the potential for income continues to grow. This is a business model I started recently and it’s entirely free.

It’s not a matter of luck when it comes to who makes money on their YouTube channel and who doesn’t. The content you upload matters, but all sorts of channels can be lucrative as well. For example, some popular channels focus on video games, makeup tutorials, housecleaning, DIY projects, product reviews, skills acquisition, weight reduction tips, and dog training.

10.1.1 Great tips that can help you earn extra income with YouTube

Now, you might be thinking, “this does not sound like passive income!” Right, having a YouTube channel is work. But, this is a great income generating revenue if you apply this tips.

  • Upload videos frequently. The more material you have up, the more views you’re likely to get. As people watch one video and they like it, they might then go and look at your other material.
  • Be professional. While quantity is important, quality is just as vital, if not more so. Learn how to use video editing software; don’t just slap up whatever you record with your iPhone. People will lose interest and look for something more polished.
  • Develop your brand. Make a logo and have a theme. Even if you are uploading vlogs of your everyday life, have some type of focus. Consider starting a blog and social media accounts that go along with your channel.

It’s important to know that you’ll be making royalties off of your older videos as you upload new ones, so the income you’re making is actually passive. If you have a successful channel, you could earn a decent income as soon as you monetise the channel.

10.1.2 How do I monetise my YouTube Channel

There are some conditions necessary for a YouTube channel owner to start generating passive income from the channel. First of all, you have to enable monetization in your YouTube account settings. There are four golden rules to making money on YouTube, and they are:

  • Your channel must have 1,000 subscribers
  • Uploaded videos have generated 4,000 Watch Time hours over the last 12 months
  • You adhere to all YouTube’s policies and guidelines as stipulated on their site
  • You have an AdSense account set up

If you are going to make money from your videos, YouTube needs a way to pay you, and at least to begin with, this will be done through an AdSense account as soon as you apply for YouTube Partnership Program. A few things you need to know about this, if you already have an AdSense account, you can use that. You can connect multiple channels to one AdSense account, and if you haven’t got an AdSense account, you can set one up during the YouTube Partner Program application process.

You can also create and monetise your YouTube channel if you put in additional effort in creating quality and consistent video contents in your niche.

Despite earning through advertising ads on your YouTube channel, you can also earn money by promoting someone’s items or channel or site anything for which they deserve to pay.

10.1.3 Useful Resources

 

Conclusion

While there are several millions methods of making money online, I’ve only mentioned the tried and tested ones that have a low barrier to entry and very less to nil investment requirements. You can start off with the one which you feel is the best fit for yourself and then slowly expand into other avenues, exactly how I’m doing it.

Feel free to reach out to me in the comment section or on Facebook/Instagram in case of any query.

All in all, I hope this brief guide will help you figure out what online occupation you want to take up to start making money. I wish you good luck with your online money making journey!

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