Need a Passive Income Source? Here are 7 ways to make money online

 Need a passive income source? Here are 7 ways to make money online

Inflation is currently at a 40-year high, pushing up prices for almost everything. While cutting corners and budgeting carefully can help, that may not be enough for some Americans. 

If you're in this situation - or just want to reduce some financial stress-consider creating a passive second source of income. Fortunately, the Internet makes it easier than you might think. There are dozens of ways to make money online without any special training.

Are you looking to create a passive income source? Here are seven ways to make money.

Need a Passive Income Source? Here are 7 ways to make money online

1. Starting a blog


Blogs aren't just for fun these days. They can make a lot of money when well done. The key is to choose your niche, build your audience, and then monetize the blog. You can do this through affiliate marketing, which gives you a commission when someone clicks on a link in cash or buy an item promoted on their blog. You can also try to sell and display ads on your site. You can use a tool like Google Adsense to start with the latter.

2. Conduct online surveys


Expressing your opinions and participating in market research can also be an easy way to make money online. Some of the most popular survey sites include Survey Junkie, Swagbucks, one Opinion, Opinion Outpost, and Ipsos iSay. Remember: this will not generate a huge income. Swagbucks claims its members earn between $1 and $5 per day. That's why it's important to do your research before you start working or participate in any online survey.

3. Open an online store


If you are a creative person, you can open an Etsy store. Etsy sellers offer everything from jewelry and clothing to works of art, invitations, yard signs, and much more. If that's not your style, you can open a dropshipping store. With this strategy, you basically work as an interface. When a Customer places an order, you order that product from a third party (usually a manufacturer, seller, or wholesaler) and ship it directly to the customer. Shopify has a complete step-by-step dropshipping guide that you can use to get started (and you can also use their program to create your store).

4. Subscribe to the gig business platform


There are many platforms designed to organize a party online. For example, Amazon Mechanical Turk is a place where you can perform small tasks for companies around the world. These may include content moderation, conducting a survey, or transcribing audio. Clickworker is another similar platform, or if you have certain skills such as Pal, editing, or graphic design, you can use freelance platforms such as Fiverr. Freelancer and work on communicating with potential customers.

5. Create a YouTube channel


YouTube creators can make a lot of money - and it doesn't necessarily require a lot of experience. You can shoot instructional or explanatory videos on almost any topic or go in person and put yourself in the videos. You can meet with experts on this topic, give tips and recommendations, or even just show yourself by playing various video, mobile, or board games. 

It is important to find your niche and attract followers. Then you'll be able to integrate Google ads, become a YouTube partner, and even earn money from memberships, chats, and subscriptions.

6. Become a transcription expert


If you write quickly, consider making an online copy for money. You will only need to listen to the audio files and type what you will hear. You are paid by the piece, so the faster you can write, the better at least from a financial point of view. Rev, and GoTranscript, are just a few of the sites where you can find transcription work online.

7. Testing websites and applications


Do you imagine yourself as the tech-savvy type? In this case, you can get paid for testing new websites, and mobile applications and searching for defects. In UserTesting for example, you can test new websites and products of brands such as GoDaddy, Hello Fresh, HP, subway, and Canva. You just need to have a reliable Wi-Fi connection, a microphone, a computer, or a mobile device and you can get to work. BetaTesting. UserZoom and Userletics are other similar platforms.

More ways to make money fast
If none of the above appeals to you, you can also become a virtual assistant, sell your photos on photography sites, or become an influencer on social media if you can attract a sufficient number of followers. There is an additional offer for everyone. You just need to determine your ideal fitness.

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