How to Make Money Online
Are you stuck at home during the COVID pandemic and short on cash?
Most people are feeling a tight squeeze on their wallets this year. If you are lucky, government subsidies will likely cover your groceries, rent, and utility costs. However, everyone could always use some extra money regardless of their financial situation.
Online Hobbies to Make Money at Home
One of the best ways to earn money from home is to transform your online hobbies into cash-generating side hustles. Three lucrative hobbies at home that will increase your income, include (1) selling used products, (2) writing blog articles, and (3) creating video content.
If you want to make money online today, continue reading to learn how to implement each of these strategies effectively.
1. Sell Used Products
The easiest way to make money at home is by selling your used goods on eBay, Kijiji, and Craigslist.
Look around your house (or apartment) and see what you can find. If you aren’t using it or wearing it anymore, then what’s the point of keeping it? Most things simply take up real estate space and collect dust. You will be surprised by how much money you can actually earn by selling your stuff online.
For example, if you have an old laptop, smartphone, or tablet laying around, put it up for sale online. There is a good chance that you can sell it for a significant amount.
Students who are on a budget purchase old electronic products and are happy to use them. Even if your device is broken, people will still buy it for spare parts.
Top Products to Sell on eBay, Kijiji, and Craigslist
What else do people buy and sell on online marketplaces?
Here is a comprehensive list of used products that you can sell for some fast cash:
- Smart Watches
- Wireless Speakers
- Video Game Consoles
- Sports Cards
- Music Instruments
2. Write Blog Articles
Another one of the best hobbies to make money at home is to write articles. You can write for popular blog platforms like HubPages, Blogger, or even launch your own website that focuses on a specific niche.
To get started, try writing for HubPages first. With the HubPages, you can create an article and get paid whenever someone views it. Plus, you will make extra money from ads displayed throughout the content that you have created. HubPages is absolutely free and easy to use once you get familiar with it.
After you have written a few hubs, you may want to venture out and create your personalized blog. If you are not very tech-savvy, have a look at Blogger. Similar to Hubpages, on Blogger, you write articles, place ads throughout the content, and get paid for page views and ad clicks.
Your Own Website
To take it a step further, you can register your website and create a custom domain. This allows for more creative freedom and generates better income by removing the intermediaries.
Brainstorm Your Blog’s Niche
Think of a niche that you could specialize in that people would like to read about.
Here are a few questions to brainstorm before starting your blog:
- What subjects do you know a lot about?
- Could you write an article every week about the topic?
- Are many people interested in the topic?
- Is there much competition in your niche?
- How would your blog be unique?
For more details on how to monetize your website, watch the recommended video below. Louise Henry explains the process clearly for beginners.
5 Ways to Make Money from Your Website
3. Create Video Content
If writing is not your passion, then you can make money by creating video content instead. It requires some basic technical skills, such as recording, editing, and uploading videos.
Making money on YouTube, Instagram, and Tiktok takes time since you need to build a substantial following on the platforms. However, if you research your niche beforehand and create engaging videos, then it can be very lucrative.
Again, before you get started, go through the niche brainstorming questions outlined previously in the blog writing section. Also, browse through videos on the three social media platforms to see what kind of content gets a lot of views and likes. Make note of whatever interests you and what you would like to create.
Top Video Niches of the Decade
To give you some ideas for your social media channel, here are some popular video niches over the past ten years:
- Tech and Gaming
- “How To” Tutorials
- Product Reviews and Unboxing
- Food and Cooking
- Fashion and Beauty
- Health and Exercise
- Travel and Vlogs
- Pets and Animals
Do you have a passion for any of these topics?
Take out a pen and paper and see if you can find a sub-niche in any of these areas.
Think of how you could make your video content especially unique to attract a larger audience. Audience interest and engagement are essential. Why? The greater your followers and subscribers, the greater the payout.
How much money can you earn creating videos?
The marketing data collected from various sources indicates how much you could make on YouTube, Instagram, and TikTok. The stats are impressive.
On YouTube, you can earn $5 per 1,000 views according to Forbes magazine.
Therefore, if you post a video that goes viral with over 1 million views, that could make you nearly $5,000 in ad revenue!
For Instagram, the data is mixed. Research done by Inkifi states that you can make about $3.50 per post if you have approximately 600 followers. Business Insider reports that people with 3,000 to 10,000 followers can earn $60 to $115 per post.
There was no specific data that compared picture posts and video posts; however, this gives you a rough idea of what you could make on Instagram.
TikTok is new to the game, so the earnings potential is not as transparent. Though, according to Influence Marketing Hub, if you have over 1,000 followers, you can earn anywhere from $200 to $20,000 per video.
Note, legally, users need to be at least 16 years old to make money on TikTok.
Bonus Tips for How to Make Money at Home
Do you have any other extra tips to share on how to make money online?
Please participate in the poll and leave a comment at the bottom of the page.
POLL: Online Hobbies to Make Money
Chitrangada Sharan from New Delhi, India on November 16, 2020:
Useful information about how to earn through one’s hobbies, during the quarantine.
I do see many people, doing one or all of the activities, which you have mentioned above. It’s always a pleasure to earn, through creative activities.
Thank you for sharing this helpful information.