Many of us would love to make money from home, but most of us have no idea how to actually get started. The most important thing is to pick a business that plays to your strengths and making sure you actually put the work in.
In most cases, it’ll take at least a few months of work before you start seeing results, but it’s well worth it, as you can make money from home doing something you love and, in many cases, your earnings can become passive over time, which is key to building wealth.
Furthermore, while a few hundred dollars a month may not sound like a huge amount of money, consistently making that from home on top of your salary can actually have quite a big impact on your overall standard of living.
So, without further ado, let’s dive and run you through 3 ways you can make money from home.
Blogging
Blogging is no doubt becoming an increasingly competitive space – and most bloggers are only in this game for the fun of it, not for the money. Having said that, it still is possible to make a decent amount of extra cash every month with a blog.
First, you should decide what topic to focus your blog on. Remember, niche sites can be much easier to rank on search engines than more mainstream and general blogs, so bear this in mind. The more common the topic, the harder it will be to generate traffic to your website. In the world of blogging, traffic equals opportunities to earn so get that traffic!
Once you’ve decided on a focus for your blog, visit a company like GoDaddy where you can secure a domain name, hosting for your website, and then create your blog. WordPress is a great tool to easily build a website, and there are many blog-specific themes to choose from.
Then, you need to pump out engaging content and gradually build an audience over time. Only then should you focus on monetizing that traffic through digital ads and other sources of income, such as relevant affiliate marketing program.
Another option that will save you time – often A LOT of time – is finding an existing website that someone else built and grew and buying it from them. Many times people start a blog, and then find they don’t have time to manage it. They’re sometimes willing to sell those blogs at bargain prices.
Check out what is available now at a website re-seller called Flippa!
Make Money From Home With Affiliate Marketing
As just mentioned, affiliate marketing can be a great way to monetize your blog, but you can also make money from it without a website. This involves you buying traffic – either on other websites, or through search engines or social media ad networks – to promote affiliate offers.
You will usually be paid a commission every time someone you refer makes a purchase, but there are some programs which pay for leads, so even just a simple form or email submit will result in you receiving a payout.
MaxBounty is a good affiliate network to start out with, as they accept newbies and have a ton of offers to choose from. You can also check out some of these PRM affiliate software tools to better understand how they work.
Dropshipping
Dropshipping essentially consists of you opening your own online store, but without the hassle of fulfilling orders and manufacturing products yourself.
Instead, you are simply the middleman between customers and manufacturer – and the beauty of dropshipping is you don’t need to hold any inventory, as you just place the order with your supplier once a customer has made a purchase.
This means you need very little upfront investment to get started, which is awesome news for people who don’t want to commit a large amount of money to their online business from the outset.
Shopify is a fantastic, affordable platform to build your own online store in a matter of hours. As for finding products, AliExpress and Oberlo are great, though keep in mind that most sellers on AliExpress are based in China, so they tend to have lengthy shipping times.