With the cost of living rising, it’s no the wonder people are turning to the internet to try and create a side income in 2022. But where do you even begin? So many YouTube channels are dedicated to making money online that it can become a huge, confusing maze that is impossible to navigate. This article will give you some of the best ways to make money online in 2022, and even give you some tips on getting started!
Online Surveys
Online surveys have been an easy way to generate a little extra income for a number of years now, and it’s still just as viable in 2022. The pros are that you need no experience or funds to start this business; however, the pay per survey is minimal, so you would have to be able to commit a number of hours every week to generate meaningful money from this.
But every little helps, right? There are many online survey sites, and some offer better pay than others, but you can check out a list here.
Ecommerce
Ecommerce is simply selling online. Some choose to do it via their own website and others harness the power of platforms such as Etsy, eBay, and Amazon. Etsy generally sells homemade goods, whereas eBay and Amazon offer a more general marketplace. Some people question whether or not the online retail bubble has burst; however, the e-commerce industry isn’t going away with online sales currently amassing more than 20% of the market share and growing in popularity every single year.
To start an eCommerce business, you are going to need some capital to invest in initial stock or be able to make your product extremely cheaply.
In simple steps, the process would be:
- Choose your product. There are many methods to do this but keep it simple by researching using eBay Completed Listings to see what is selling.
- Use sites like Alibaba to source products cheaply.
- Create listings that are compelling on your chosen platform.
- Add new products to scale up and increase your income.
Trading
There are many different kinds of trading: stocks and shares, forex, and cryptocurrency are all variations of trading you can do online. The biggest negative of trading is that it has a learning curve. Forex is a great place to start as it’s not as volatile as cryptocurrency and doesn’t require the large investments that stocks and shares do.
To start trading forex, try enrolling on a basic course and then when you feel confident, find and practice a forex strategy on a demo account until you’re profitable.
Freelancing
If you have a skill such as a photo editing, coding, data entry, or social media management, then you could potentially make money online as a freelancer. This is a great way to utilize your skills to make extra cash (or create a full-time business) with zero upfront cost. To get started in freelancing, you can sign up to sites like Upwork, Fiverr, and Freelancer. From here you can bid on jobs and start working.
The downside of these platforms is that many clients like to see feedback on your profile, so you may have to offer your services cheaper in the early stages to gain some feedback to win higher paid jobs in the future.
There are multiple ways to make money online in 2022, and you don’t necessarily have to have a strong skillset or lots of money to start. Find the option that best suits your circumstances and make a start!
