The modern-day internet is full of articles, guides, blogs and websites advising on how to make money online. In fact, there is so much that it’s often impossible to separate fact from fiction and scams from real methods of making money online.
Even though billions of people are connected to the world-wide web now, only a very small percentage has tapped into the huge potential of internet to make a living.
Even the clear majority of entrepreneurs, freelancers etc. who work online use their internet income mainly as a side gig.
The percentage of netizens for whom online work is the only source of income is quite small thus in this article, we will focus on legit ways to earn money online in 2017, some of which are quite new yet proven methods that are time-tested to work.
Nonetheless, some methods are evergreen and will always appeal to new comers despite the advancements in technology or changes in economy.
So, we will include these time-tested methods for making money online also in this article. Some methods have been available for many years but haven’t been used as much as we would like to see, hence why they also qualify for inclusion in this article.
The 8 Proven Ways To Make Money Online In 2017
Blogging remains at the top of our list, although it’s quite old now and many people would be surprised to see blogging in this list as many people have spelled the doom for blogging many times in the past.
Despite all the forecasts about the death of blogs and blogging considering increasing popularity of social media, blogging remains one of the best ways to make money online – see how much I make from blogging here.
Successful bloggers are even now making six figure incomes from their blogs and some have even used their blogs for launching other businesses, products and services successfully.
Sharing Your House, Car Or Any Other Thing Online
The “sharing economy” is the term used for multiple web based businesses such as Airbnb, Uber etc. which allow one to share an asset which he owns and earn money in the process.
Sharing sites basically work like rental boards and have disrupted whole industries across the globe.
Uber for example has revolutionised the concept of taxi and has allowed millions to supplement their income by working as taxi drivers on a part time basis.
AirBnb similarly allows to share an additional room in your house without going out of your home. All you need to do is to create an account and upload the photos and rate per night for an extra room in your house.
There are numerous other sharing services online which allow you to share your assets and resources for a fixed fee in return.
Starting Your Own YouTube Channel
YouTube has emerged as one of the best ways to earn money online via videos. YouTube is ranked as the second most popular search engine after Google and is among the 5 most visited sites globally.
YouTubers have turned their hobbies into businesses by starting their own channels on the site and then placing advertisements on videos uploaded by them.
There are numerous YouTubers making six figure incomes annually from their YouTube channels and there is no reason why you can’t make a living from YouTube.
Principles of online business also apply to YouTube and you must conduct thorough research about your target demographic and what sort of content they want to watch before creating a video.
Most YouTubers started out as hobbyists and created their initial videos to help others or for fun. Over years they discovered that their hobby has the potential to make them rich and only then started taking YouTube as seriously.
So, perhaps you can also convert your hobby into money making activity and take advantage of YouTube.
Affiliate marketing is also a time-tested method for making money online which is open to all. As of 2017, affiliate commissions have nearly crossed the mark of $5 billion annually with rises predicted in 2018 and 2019 as well. – See the affiliate income report here.
There are scores of affiliate networks such as ClickBank offering millions of products to sell. Even retailing powerhouses such as Amazon have their own affiliate programs with affiliates regularly earning 5 or 6 figure incomes on an annual basis.
Amazon also allows one to build their own store using the technology provided by amazon and there is a vast amount of information on the internet which is more than enough to learn the tricks of affiliate marketing.
Online Surveys Still Exist
Online Surveys have been around for some time and are not as popular as other methods on this list. Nonetheless, they provide an easy way to earn money for small amounts of time spent on taking these surveys.
Most online surveys can be finished in 10-30 minutes and the pay ranges from few cents to $50 normally. With a few surveys a week you can easily add a few hundred dollars to your monthly income. It may not be life-changing income, but still a decent amount.
Product reviewing is a method which has been around for years but is not much discussed as it’s available only in few countries and not many people are keen to go through all the hassle associated with buying a product, using it and then reviewing it.
Although, this method is a bit more time consuming as compared to others. There are numerous other advantages which compensate for the extra work required.
One of the primary advantage is the free goods and products which a person gets for being a product reviewer as you can often keep the item being tested after using and reviewing it.
There is an ongoing boom in the online education sector with sites like Lynda, Tuts plus, Udemy, MCOOCS gaining popularity.
Traditional education system has become dysfunctional and universities are in no position to fulfil the needs of economy by imparting skills required in modern workplace.
Online course providers have switched in to fulfil this need and many people have also joined the bandwagon by creating their own courses at these websites.
If you know how to do something and believe that people will pay to learn what you are willing to teach, then this is the best way for you to make money.
All you will need is some basic video recording equipment for recording video lectures and the rest of the work will be done by the course provider.
Although, creating an online course can be hard work, you’ll not need to do much after uploading our course to the course provider site and this is the best way for generating passive income.
eCommerce Is The “Next Thing”
e-Commerce is something I got into very late might I add) in 2016. So far, after a few months of working on it, I now have 2 online ecommerce stores that generate close to 40% of my monthly income from my online business.
If you want to learn how to make money online in 2017, then this might be soemthign for you to consider as I have found it to be one of the best ways to get started and one of the quickest methods to generate some income quickly.
Below are some of the guides and training modules I have written about starting an eCommerce business. I suggest you take a look at these articles when you have the time:
- How To Start A Small Business Online With eCommerce
- Dropshipping With AliExpress: How To Become A Seller Online
- 4 Ways To Promote Your Drop Shipping Store Online
These are some of the best (new) and proven ways for making money online in 2017 and you must choose a method after considering all the pros and cons.
With hard work and dedication nothing can stop you as with Internet possibilities are endless and sky is the limit.
Thank you very much for reading this article, we hope this has brought you value. If you liked this or have any questions about all we’ve just shared, please leave me a comment down below in the comment section. I’d love to hear your 2c on this topic.