The crypto market is up today as Bitcoin and altcoins react to $300 billion liquidity from the Federal Reserve โ move being labeled new quantitative easing (QE).
The crypto market is up today as the impact of the ongoing United States banking crisis plays out โ the Federal Reserve has injected $300 billion into the economy.
A broad rally in crypto markets means Bitcoin is back challenging the weekโs highs, which also marked its best performance since June 2022. Can bulls sustain the momentum?
Nerves are palpable everywhere as the latest economic data shows the extent to which the Fed has gone to contain a banking crisis which some argue is unlike any other.
Amid warnings that more banks could fail in the coming weeks and contagion spreading to Europe, it appears that crypto is one of the few safe havens from the kind of turmoil reminiscent of the Global Financial Crisis (GFC) of 2008.
Cointelegraph takes a look at the major reasons why the crypto market is up today.
Fed liquidity pump boosts crypto amid claims QE is back
โItโs the liquidity, stupid!โ popular markets commentator Holger Zschaepitz summarizes on the day as data showed the true extent of the Fedโs latest cash injections.
The combined implosion of Silicon Valley Bank (SVB) and Signature Bank has resulted in the Fed providing an emergency $297 billion โ growing its balance sheet for the first time since it began to raise interest rates.
Unsurprisingly, reactions are heralding the end of quantitative tightening (QT) โ the process of removing liquidity from the economy โ and a return to its opposite, quantitative easing (QE).
Such a policy was enacted previously by the Fed after the GFC, as well as in March 2020 during the COVID-19 cross-market crash. The years that followed saw the U.S. M2 money supply grow 46% before QT began โ and Bitcoin went from under $4,000 to nearly $70,000.
โLast week the Fedโs balance sheet swelled by $300 billion, wiping out 4 months of QT in one week,โ gold bug Peter Schiff wrote in part of a Twitter reaction.
Stay safe in Web3. Learn more about Web3 Antivirus โ
โBy the end of the month the balance sheet could reach a new high. Rate hikes donโt matter. Inflation is headed much higher, thanks to bank bailouts.โ
As Cointelegraph reported, crypto market performance was already sensitive to central bank liquidity trends โ and not just in the U.S.
The more liquidity pumped into the global economy by central banks, the better, former BitMEX CEO Arthur Hayes claimed in February, with both the Peopleโs Bank of China (PBoC) and Bank of Japan (BoJ) subsequently copying the trend this month.
In his latest blog post released on March 16, meanwhile, Hayes draws a striking contrast between March 2020 and this monthโs Fed fund to rescue banks from the edge, the Bank Term Funding Program (BTFP).
โThe Fed printed $4.189 trillion in response COVID. Right off the bat, the Fed implicitly printed $4.4 trillion with the implementation of BTFP,โ he noted.
โDuring the COVID money printing episode, Bitcoin rallied from $3k to $69k. What will it do this time?โ
Bitcoin price volatility may still be rampant, but the message from crypto is increasingly clear โ bulls are determined to ditch the past eighteen monthsโ downtrend.
Trader and analyst Josh Rager meanwhile eyed what could be a significant resistance/support flip for Bitcoin on weekly timeframes โ fueling potential continuation. This comes in the form of the 200-week exponential moving average (EMA).
โEven with the lower time frames chopping around, the daily for BTC looks good and showing strength,โ he tweeted on March 15.
โAnd if you zoom out, the weekly could close above the 200 EMA for the first time since June 2022.โ
BTC/USD 1-week candle chart (Bitstamp) with 200EMA. Source: TradingView
At the same time, fellow trader and analyst Rekt Capital was hoping that Bitcoin might break out of a โmacro downtrendโ pattern in place since the $69,000 all-time high.
โA breakout past the BTC Macro Downtrend would confirm a new Bull Market and in turn confirm that November 2022 was the bottom,โ he added.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, and you should conduct your own research when making a decision.2:34
NEWS
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Cryptocurrency investment firm Grayscale Investments is taking more time to decide whether it should acquire and sell post-Merge forked Ethereum tokens.
Grayscaleย announcedย on March 16 that the company intends to extend the review period for evaluating the market environment to determine whether it can acquire EthereumPoW (ETHW) tokens โ the forked asset that emerged after Ethereumโs Merge in September 2022.
During the review period, the firm also aims to decide whether, when and in what manner Grayscale may sell ETHW on behalf of the record date shareholders. โSuch review period is not currently expected to exceed 180 days from the date hereof,โ Grayscale noted in the announcement.
Grayscale reasoned the extension of the review period to the ongoing uncertainty regarding the support of ETHW tokens by digital asset custodians and trading venues. โIf digital asset custodians do support the ETHPoW tokens and/or trading markets do develop, it is expected that the ETHPoW tokenโs value will fluctuate widely for some time,โ Grayscale said, adding:
โIt is not possible to predict whether Grayscale, as agent, will be able to acquire the ETHPoW tokens or the value, if any, that Grayscale, as agent, will be able to realize from sales of the ETHPoW tokens.โ
Ethereum, currently the second-largest blockchain network by market value after Bitcoin, completed the Merge, a major consensus upgrade in September 2022. The upgrade moved the Ethereum network from proof-of-work (PoW) to proof-of-stake (PoS) consensus algorithm. As some people in the Ethereum community were willing to keep using the mining-based PoW Ethereum model, Ethereum has forked into two different blockchains, the main PoS-based Ethereum and EthereumPoW.
The emergence of ETHW has brought a significant challenge for crypto investment firms offering exposure to Ethereum because some investors might want to have exposure to ETHW. Some companies, such as the European exchange-traded product (ETP) issuer ETC Group, decided to launch a new ETP providing exclusive exposure to ETHW.
โThe new ETP seems better because we just donโt know what will happen whether ETHW will succeed or not,โ ETC Group founder Bradley Duke told Cointelegraph in September 2022.
In September, Grayscale announced that its two Ethereum-related products, the Grayscale Ethereum Trust and the Grayscale Digital Large Cap Fund, declared a distribution of rights to ETHW. Each product received the tokens as a result of a fork by late September.
The cryptocurrencyโs swift move above a resistance level dating back to August 2022 has strengthened the case for a continued rally.
Having cleared a major resistance level during Fridayโs Asian trading hours, bitcoin (BTC) is looking north.
The top cryptocurrency rose past $25,000, breaching the resistance dating back to August 2022 that also capped gains last month.
The move has shifted the focus to the next technical hurdle above $28,000.
โBitcoin has now the chance to climb to the next technical level, which is situated at $28,000,โ Markus Thielen, head of research and strategy at crypto financial-services firm Matrixport, said.
โWithin larger price swings, bitcoin has rallied, reacted and retested from $4,000 point increments โ $16k, $20k, and $24k โ from which the current breakout is now targeting $28K,โ Thielen added.
Wall Streetโs tech-heavy Nasdaq index rose 2.6% on Thursday, confirming a bullish pattern on the daily chart, according to chartered market technician Aksel Chibar. Bitcoin tends to move more or less in line with the rate-sensitive technology stocks.
There are very few things more exciting than being able to crack the code of being able to earn money online. Whether youโre running an online store on your own website or trying to grow your online brand to sell products or services, learning how to make money from home can transform your business and your life.
This guide will cover everything you need to know on how to start making money online from home, including dozens of money-making ideas virtually anyone can try.
By following the suggestions below, you can be well on your way to turning your ideas and passions into an exciting, profitable venture that will grow with you over time.
25 ways to make money from home
Free: The Big List of Business Ideas
To help you find the inspiration to start, we compiled a list of 100+ in-demand business ideas, broken down into categories like fitness, apparel, and gaming.
1. Sell custom products
Product development isnโt the easiest route toย making money, but itโs often the most rewarding, and it may not be as hard as you expect. Making custom products is popular amongst jewelry brands, fashion brands, and home dรฉcor brands, yet it expands through virtually any industry where you make things from scratch.
Some evergreen categories you could sell in are:
Apparel and clothing. Clothing is one of those categories that seems to always be trendy. People look for clothes and accessories that match their style and personality, which can make fashion a fun and profitable space to sell in. The market is expected to rise aboveย $3 trillion by 2030.
Home dรฉcor. Home dรฉcor is another popular sales category. People want to add personal touches to their space to make it feel cozy and enjoyable. You can sell home dรฉcor online to anyone, anywhere, at any time, while keeping overhead at a minimum. The home dรฉcor market is forecasted to reachย $202 billion in 2024.
Health and beauty. The beauty and personal care industry is set to reach $716 billion by 2025. You have many options in this category: you can sell skin care, cosmetics, hair care, fragrances, vegan products, and more. Grand View Research identified growing demand for menโs grooming products and anti-aging products that are expected to drive the market over the coming years.
Arts and entertainment. While movie box office revenue took aย -66% dive last year, some interesting areas show impressive growth in this multitrillion-dollar industry. Digital newspaper revenue saw a 10% increase, video game revenue saw a 6.9% lift in sales, and consumer books saw a 3.8% increase. The esports industry continues to see healthy growth in this segment, forecasted to reach $37 billion by 2024. In short, there are a lot of innovative and exciting products you could sell in the arts and entertainment industry.
Food and beverage. The food and beverage industry will never die. Despite the COVID-19 pandemic, the segment is projected to grow at a rate of 8.21% per year, reachingย $379 billion by 2025. Itโs also poised for an ecommerce breakout, with up toย 20% of food and beverage industry sales to be made online by 2025, a 10-times increase from 2016.
Evaluating market demand and following trends is a great place to start when finding popularย things to make and sell. Once you have a product, youโll want tostart your business and set up a Shopify store with a free trial. And just like that, youโre ready to start selling!
Free Webinar:
How to Find and Source a Winning Product to Sell
In less than 40 minutes, let us walk you through how to find product ideas, how to validate them, and how to sell the product once you have an idea you want to pursue.
Print on demand refers to working with a supplier to customizeย white-label productswith your own designs, then selling them under your own brand. Businesses can create products like hats, t-shirts, tote bags, and more.
The best part? You donโt have to pay for any products until after you make a sale, and the print-on-demand business is one of the most straightforward ways to make money online.
When you work with aย print-on-demand company, everything from printing the item to shipping is handled by the supplier. Once you set up an online store with your designs, it takes a few minutes to fulfill an order after the customer checks out.
Creating a print-on-demand business is a great way to make money online for the following reasons:
You can create products fast. After you design a product, you can put it up for sale on your website in minutes.
You donโt have to worry about shipping. Your supplier will handle the fulfillment process. Youโre just responsible for providing good customer service after the sale.
Itโs low risk, low investment. Itโs easy to add new products to your store and test ideas, since you donโt hold any inventory. Your upfrontย business costs are minimal because you only need an online store to start.
A print-on-demand business also gives creators many opportunities to connect with fans through nice products, especially products sought out for their aesthetic design. Takeย Boba Love, for example.
For all its products, the retailer focuses on one theme: bubble tea (also referred to as โbobaโ), a drink that originated in Taiwan in the early 1980s. Bubble tea has become extremely popular around the world and has a dedicated fan base.
Boba Love sells shirts, totes, blankets, hats, and stickers around the idea of the drink. When a shopper orders a product from the store, the supplier creates and ships it to the customer.
Aย subscription business provides customers with products on a recurring basis. The subscription ecommerce market is expected to reachย $478 billion by 2025, with more customers taking advantage of it each year. Research fromย McKinsey found that 15% of US consumers have signed up for one or more subscriptions to receive products regularly.
The benefits of creating a subscription box include:
Predictable revenue. Businesses know how much money is coming in each month and can plan growth initiatives accordingly.
More cash on hand. Subscription businesses ask for full payment upfront at a discounted price, which creates regular cash flow.
Lowerย customer acquisition costs. Customers pay you on a regular basis, so you donโt need to convince them to make additional one-time purchases in your store.
Running a subscription business from home is a proven winner.ย Our research shows that 63% of founders who sold subscriptions were satisfied with business performance, compared to 55% of founders who did not sell subscriptions.
Two types of subscription businesses that we found thrived in the past year were:
Replenishment model, where subscribers receive the same or similar products each cycle. An example of this would be grooming brand Harryโs. A customer purchases the Harryโs starter set, containing a handle, shaving gel, and razor cartridges. They then receive automatic gel and blade refills monthly, based on their usage and preferences.
Membership model, where subscribers get access to exclusive products and perks in exchange for a monthly or yearly fee. Freelance writing communityย Peak Freelance runs on a membership model. Members pay a set fee and receive access to private Slack groups, on-demand tools and content, expert interviews, strategy sessions, and more.
Sell products onย online marketplacesโbut beware! Selling sites can be a great launchpad for many businesses, but the current marketplaces come with a Faustian bargain: you get access to customers if you build your business on someone elseโs land. Their land, their rulesโand theyโll change them at any time.
Eventually, youโll want to diversify your business by building your own siteโyou donโt have to choose one or the other. The big advantage is that the profit is yours: there are no fees to pay on sales and no rules to abide by but your own.
Digital products are intangible assets or pieces of media that can be sold repeatedly online. They come in the form of streamable or downloadable files, such as PDFs, plug-ins, and templates. For example, if youโre passionate about music and have experience teaching it, you can teach lessons online through your own course.
Digital assets are becoming more popular because they have high profit margins. Sure, it may take some time and money to develop them, but once the media or software is made, itโs not expensive to store or deliver to customers.
There is no limit to how many products you can sell. Digital products help creators scale themselves by using their expertise to create kits, printables, files, and other assets professionals can benefit from. As your online portfolio of digital products grows, youโll naturally be in a better position to make more money from your own online store.
UX Kits sells wireflows, user personas, flowcharts, and other products to assist the design process.
The brand has sold kits to over 10,000 designers, developers, and product managers in more than 100 countries. Itโs since expanded to sell three physical products but continues to drive sales from the digital assets created years ago.
Digital products arenโt just for business professionals. Home fitness business Street Parking sells a variety of digital productsโfrom workout plans to online coursesโand membership subscriptions for people who need at-home workouts.
Whatever you decide to create, figure out the needs of your target audience and work backward from there. Think about the kinds of assets they need/want and create products that are in demand. This will make it easier to sell and earn more money working from home.
6. Sell your creative work
Itโs easier than ever for creators to sell their work online. Whether itโs music, videos, digital art, photography, magazines, or podcasts, you can set up a digital shop and start selling with little limitation.
While selling creative work sounds similar to digital products, the difference is that your products are more creative ventures. They are a way to express yourself online versus satisfying a buyerโs needs. Creators and artists who donโt have a network or connections with galleries and PR can nowย make money online doing something they love.
What started as a cartoon on Instagram for Harry Hambley has grown into an international icon and ecommerce brand. As described in anย interview with the BBC, the Ketnipz creator skipped university to draw cartoons online.
And Hambleyโs strategy certainly paid off. The Ketnipz brand has over 3.2 million followers on Instagram, sells clothing and accessories online, and can even beย found on murals around the world.
Using a combination of social media and an online store, you can make money online. Start building an active presence and engaging with your audience to establish your brand and find new customers.
Monetizing an audience is definitely a challenging endeavor, but the creator-to-commerce business model is becoming more successful in modern times. Bloggers and influencers today donโt need to be internet celebrities to make money from home online. All they have to do is find their people on one or two platforms and they can turn their audience into passive income.
Sonja Detrinidad, founder ofย Partly Sunny Projects, an online plant shop, turned one of her part-time pre-pandemic hobbies into a full-time business through TikTok marketing. She didnโt set out to become TikTokโs favorite plant mom, but discovered by accident the possibilities of monetizing an audience.
Sonja processed more than 1,200 orders in one month at the height of plant-shopping season last summer. She also increased her subscription box customers by more than four times since becoming a TikTok sensation, with over 350,000 followers on the platform.
Starting a YouTube channel or other social media account and running ads
Adding Google AdSense to an active blog
Regardless of how you go about it, monetizing an audience is a legitimate way to make money from home. It may take some time to build a targeted audience, but the investment will be well worth your time in the long run.
Oneย home business idea becoming more popular is offering freelance services to clients online. Almost any role a business would hire for can potentially be filled by a freelancer:
Writing
Graphic design
Marketing
Data entry
Illustration
Transcription
Online tutoring
Shopify store setup
Most of these services are best positioned toward business clients. Why? Because online businesses are the ones who are willing to spend. Freelancers can charge based on the outcome of their work versus the deliverable, which gives them leverage when it comes to pricing their services.
โEvery freelancer eventually learns that there are desired business outcomes tied to their work,โ explains Elise Dopson, co-founder ofย Peak Freelance. โFreelance writers, for example, are not just blogging for a company. They are creating content that increases traffic, leads, and customers for a business. The sooner you learn that, and can deliver on it, the more money youโll make freelancing from home.โ
Elise has worked with brands such as CXL, HubSpot, Privy, and other leading B2B software-as-a-service companies to produce incredible content that gets results, which is how she broke theย six-figure-income ceiling by the age of 21 all on her own schedule.
If you have a passion for writing, designing, or organizing stuff, turn it into a freelance service.
As moreย companies become completely remote, the opportunities to earn money from home freelancing will only become more abundant. It just takes a little know-how and determination to make it happen.
9. Become a virtual assistant
With so many businesses moving online, the demand for virtual assistants is growing. Virtual assistants (VAs) are contractors who work with businesses and individuals on the jobs they are given.
Virtual assistants work from home and help with tasks such as:
Time management and administrative tasks, like responding to emails
Financial tasks, like bookkeeping and client invoicing
Team management tasks, like following up on deliverables, organizing training sessions, and creating task templates
Social media and digital marketing tasks, like publishing and managing content
Personal tasks, like managing investment properties, paying bills, and planning trips
Content tasks, like video or podcast editing
Each VA has their own speciality. I myself have worked with VAs for years in my writing business, many of whom make a full-time living as virtual assistants.
You can make good money with a small number of clients, but once you stop working, the cash flow stops coming. VAs can start a blog, sell digital products, or coach other VAs to create new revenue streams and make more money from home.
10. Become a reseller
Donโt want to worry about creating new products or about minimum purchase quantities? Not a problem. You donโt need a revolutionary product idea to make money from home. Instead, you canย become a reseller.
A reseller is a person who buys products from manufacturers, liquidators, and other retailers, then sells them to their own customers. A reseller permit lets your purchase certain products free of sales tax:
Products to sell at wholesale
Products to sell at retail
Components to manufacture products
You can find suppliers to purchase items from through a number of ways:
COAL N TERRY is one retailer that sells a vintage collection in its online store. The brand sells classic clothing alongside its own proprietary brand of hoodies and other apparel, giving shoppers a variety of products to browse and buy.
A reselling business can be profitable if you have niche expertise, like beauty or fashion. You can launch an ecommerce store fast when you donโt have to go through product development or building an audience from scratch.
11. Create and sell art
Are you an independent artist looking for ways to make money from home? Artists can fund their craft and sell work directly to fans through online channels like an online store and non-fungible-token marketplaces.
There are a number of other options for making sales off of one piece:
Got a passion for second-hand fashion? Love the high of picking up a vintage dress at your local thrift store at a cheap price? You can turn that feeling into a business by selling vintage clothing from home.
Aย $64 billion market, vintage shoppers depend on store owners to curate the best items around at the best condition. The rise in demand for vintage clothes has led to the success of brands like ThredUp and the increase of vintage clothing sellers on marketplaces like Etsy and eBay. Itโs competitive, but that shouldnโt stop you from creating a cool brand and carving a space out for yourself in the vintage community.
Naomi Bergknoff, founder ofย OMNIA, has been selling vintage clothing online since 2010. Combining her love for vintage clothes and her retail expertise, sheโs defined a particular style away from marketplaces and close to home in Brooklyn.
The ability to make money from home as a photographer is about harnessing your creativity and monetizing it. It can seem challenging at first, but by finding your niche and building an audience, you can create multiple streams of income over time.
Photographers have plenty of options to sell online:
Stock marketplaces like Alamy, 500px, 123RF, and Stocksy
Products such as prints, photo books, and physical goods like shirts and hats, using print-on-demand services
Services covering fashion shoots, product photography, events, or anything else you love to shoot
Most people donโt think about using their empty space to make money from home. Yet itโs one of the easiest sources of passive income. From bedrooms to parking areas, you may have some space people will happily pay you to rent.
You donโt need tons of money or time to rent out your space. Rather than let unused space go to waste, offer it as a service to people who need it.
15. Start a pet business
Pet businesses are a fun way to make money from home (if you love animals, of course). There are many different ways to earn extra cash, like providing walking and grooming services, training, making and selling treats, or reselling products like bowls and chew toys.
Youโre not limited to dogs and cats either. You could specialize in reptiles, fish, bunniesโwhatever animals you enjoy being around. Pet owners alone spent more thanย $123 billion on their pets in 2021, making this a profitable business opportunity for newcomers.
Coffee sellers are always in demand as more and more coffee is consumed globally each year, according to theย International Coffee Organization. If someone canโt get to their local cafรฉ in the morning, theyโre brewing beans at home while getting ready for the workday.
Selling coffee can be a great way to earn money from home with a strong brand and marketing plan. Coffee is a commodity product, so itโs widely available. Customers tend to look for branding cues like design and bean origin to decide what to buy. By selling coffee, youโll have a high volume of potential customers and many niching and expansion opportunities to take advantage of.
If youโre a woodworker already, or curious about the craft, you can make money from home building and selling woodworking products. There are products to sell for all levels, from beginner to skilled woodworkers. You just need to figure out the best project for you!
18. Test computer numerical control (CNC) projects
A CNC router is a computer-operated cutting tool that acts as a combination panel saw, spindle molder, and boring machine. It carves complex shapes out of materials like metal, wood, plastics, and glass. CNC routers use programmable automation, similar to 3D printing, to design complex parts at scale.
Small CNC machines can cost from a few hundred dollars up to thousands, depending on the make and model. With them, you can create handcrafted, one-of-a-kind products for buyers across many markets, including:
Home decor products
Kitchen and barbecue tools
Office supplies
Custom signage
Toys and games
Jewelry
There are tons of resources available online to learn about using a CNC router. Thereโs a very low barrier to entry. And you can test, create, and sell products with minimal upfront costs.
Looking for a fun way to make money from home? Start making and selling candles to people online. It takes a little know-how and hard work, but the upside is that you can customize candles and sell them anywhere. Itโs also a low-cost business to start. Common costs include equipment to make the candles, like a double-boiler, pouring pots, and containers.
BUSINESS TIP: If you are unsure how to discover the profitability of a product, use Shopifyโs free profit margin calculator to work it out for you.
A candle business can also be extremely profitable. The candle-making industry is set to reachย $13.3 billion by 2028, meaning there is no shortage of people buying candles they love. Itโs also a good way to express your creativity and build a brand, like candle companyย Boy Smells, which broke traditional gender norms in fashion, home, and scent with its business.
Are you an avid DIYer and eager entrepreneur? You may enjoy making and selling soap from home. While soap doesnโt sound like the best income stream around, itโs an in-demand product customers need.
Soap is a household product that everyone uses in some form, whether itโs to wash dirty hands, dishes, or laundry. The COVID pandemic also stimulated the industry, projected to reachย $55.2 billion by 2027, creating huge demand for hygiene products to prevent infection. Itโs a great way to get creative with different scents and types, with potential to expand your brand to other products like candles and fragrances.
Bath bombs are all the rage and a great way to make money from home. The US bath bomb market is expected to grow into aย $350 million industry by 2025. If you turn to Instagram, youโll see there areย millions of photos showing how these colorful balls explode when dropped in water.
Indie beauty brands are driving the growth of theย $183 billion global skin care market. If you love taking care of your skin and want to turn it into a business, nowโs the time. Newcomers are jumping on trends like hybrid beauty (the combination of cosmetic and skin care), cannabis-based products, and clean beauty (products made without harming human health).
The beauty of being a small brand is that you can tackle a specific problem for a specific audience. Find a market thatโs underserved by current brands and create skin care products just for them.
Everyoneโs got to eat, you canโt argue with that. Which is why starting a food business is a great idea if you want to make money from home.
Outside of restaurants, there are endless high-profit-margin businesses you can run with low overhead and startup costs. The trick is cooking food you are passionate and curious about, regardless of your experience level.
Are you an expert in math, art, or another subject? You can make money from home doing online tutoring. A prerequisite for most tutoring gigs is a bachelorโs degree in your subject, depending on where you apply for the job. You can find tutoring clients on websites likeย Skooli and Tutor.com.
Only teach subjects that you have demonstrated expertise in. Youโll want to share skills and practical knowledge to create good learning experiences for your students. You can provide pre-recorded lectures and templates, plus meet students through Zoom. Tutoring is also inexpensive to start (if you already have that degree) and can easily earn you extra money.
25. Offer child care
If youโre a stay-at-home parent or enjoy taking care of kids, you can easily start a child care business from home. You can offer all-day care (eight hours) for other parents while they are at work, or even just before and after school care (one to four hours). The choice is yours.
Look at other day care businesses in your area and see what they charge. Choose your rates wisely. Donโt undercharge just to get more business. Then youโll be taking care of too many kids and wonโt be able to provide proper care. Start with an income goal for a day, then decide how many kids you can realistically watch. Divide those two numbers to see how much to charge per kid, per day.
Home jobs to avoid
Now that you have a good idea of different ways to make money from home, letโs look at some jobs to avoid.
Freelance marketplaces
Marketplaces like Fiverr and Upworkmight be a way to get your start, but quickly can turn into a price race to the bottom. Youโre forced to compete on price and donโt have a way to differentiate your services or offer something premium. Long term, this isnโt the way to go. You are better off creating a freelancer website and building a business that doesnโt rely on renting digital space in a marketplace.
Online survey sites
The pay is very low from online survey sites, and you accrue no long-term value. Youโre not building skills or building an asset, youโre just losing time. Trading time for extra cash is always a reasonable short-term side hustle, but if you can, itโs better to think long term.
Online survey sites include:
Swagbucks
Survey Junkie
InboxDollars
Building an app
Look at most websites promoting legit ways to make money online and theyโll tell you to build an app. All new ventures are hard and most fail, but consumer apps are hyper-competitive: the average person uses onlyย nine apps on their phone per day, most developed by major companies.
A better option? Grow your skill set by building useful, problem-solving apps for businesses via growing marketplaces like the Shopify App Store orย Salesforce Appexchange.
Side gigs
If you want to make a quick buck, then side gig apps like Rover or UserTesting are good options. But similar to online survey sites, you arenโt building anything valuable in the long run.
You are better off learning skills in your spare time, like running Facebook ads or starting a dropshipping store, which can make you money repeatedly, versus a one-off cash gig from Craigslist.
Anything thatโs pay-to-earn
Real businesses require investment, but anything that operates in a pay-to-earn model should be treated with extreme caution. For example, sites that promise you can win money by spending money, or multi-level marketing groups that require money not for inventory or product, but just to join.
Most gimmicks are scams in disguise: the simple but hard truth is that you need to sell something people want.
Learning how to make money from home
If you have an internet connection, you can make money from home online. Sure, the lure of fast and easy cash gigs may seem like a great idea, but it will only keep you on a hamster wheel of trading your time for cashโand time is our most valuable asset in life.
Use your time wisely and invest in building a business thatโs rewarding and will pay you a bigger salary than any tester or survey site. $100 per day does sound nice, but what if I told you that an online business could net you more than $500 per day. Would you still choose finding side gigs on Craigslist?
Nowadays, many people look for easy methods to gain extra cash. Thankfully, there are many ways to make money online,ย boost your monthly income, or even begin a new career.
In this guide, weโll focus on short- and long-term money-making ideas to make extra cash by relying on digital resources. Find what suits you best based on your availability and needs.
Letโs get started!
1. Create A Newsletter
Revenue potential:You can start with $10/month per subscription, and reach up to $2000 through sponsorships as your audience grows.
Global email users are expected to reach 4.6 billion by 2025. Consumers spend lots of time in their mailboxes daily for work or personal purposes. From communicating with colleagues to searching for product sales or new content, this channel is increasingly gaining ground in consumersโ trust.
If you enjoy content writing and have a certain expertise or passion for a field, you can start your own newsletter and profit from it by building a premium subscription with exclusive content. Exploding Topics and the Motley Fool are great examples to get inspired.
You can start small by sharing a landing page on your social platforms to gradually build an audience. Once you gain more traction, you can invest in a website and motivate your greatest fans to move to premium. Explain all the benefits theyโll reap if they do so and try to reach up to their expectations. Hereโs how Stacked Marketer approached it:
Letโs look at a newsletter by the same creator as a reference:
Before monetizing your newsletter, check the competitorsโ pricing in your niche to stay ahead of the curve. As your email list and audience grows, you can also partner with sponsors and earn more money by sharing their content or brand assets in your newsletter.
To start creating newsletters and managing your audience, you need a scalable email marketing solution with user-friendly features and pricing that only increases when your audience and revenue grow.
The best option is Moosend! You can simply use its ready-made templates and intuitive editor to create amazing campaigns without coding or design skills. Start your 30-day trial for free today โ no credit card required!
Also, if youโre looking for more information on how to build your email list from scratch, click here!
2. Start An E-Commerce Business
Revenue potential:You can reach up to $63,000 in monthly revenue in three months and up to $127,000 in year one.
If youโre looking for a large payout that can gradually lead to a full-time occupation, you can start an online store. Setting up a small business online has never been easier, as long you find the right products/services.
To build a profitable business, find products/services youโre passionate about and conduct market research to determine their potential. Then, sit down to map the logistics. You donโt have to start big, just shape your brand and take it one step at a time.
Moreover, you can also get into the world of dropshipping, a business model that has gained many fans over the years. In short, you act as a mediator between the customer and a third-party supplier. You donโt need anything in stock, as they fulfill the orders on your behalf.
As you can see, both methods cannot bring you money fast, but with persistence and effort, the sky will be your limit.
E-Commerce Platforms To Build Online Stores
What are the most popular eCommerce websites to start your online store from scratch? Here are some options:
Shopify: One of the most popular website builders, with an easy-to-use setup and plenty of help during onboarding. The platform offers many premium features and add-ons, and pricing starts at $29/month.
BigCommerce: It includes an intuitive website builder with various customization capabilities. This platform supports multi-channel selling, SEO tools, and many payment options. Pricing starts at $29.95/month.
Wix: A user-friendly website for beginners and many designer-made templates to build a beautiful website. However, its inventory management is not the best in the market. Pricing starts at approx. $20/month for basic features.
Woocommerce: Itโs a free WordPress plug-in and one of the most popular websites for eCommerce stores. Some of its pros are its SEO capabilities and customer support. However, itโs not one of the most scalable solutions.
Overall, itโs easy to say that opening an eCommerce store is not a low-effort deed. To ensure that everything runs smoothly, look at this comprehensive eCommerce business plan guide. If youโre short on time but fascinated by this business idea, consider drop-shipping as an alternative.
3. Join An Affiliate Marketing Program
Revenue potential: Novices can earn up to $1,000, mid-level affiliates can reach $10,000 while advanced affiliates can make up to $100,000+.
Becoming an affiliate marketer should be ideal for professionals interested in making a passive income. Affiliate marketing takes place when an affiliate or publisher earns a commission for a product or service they promoted successfully to their audiences.
Affiliates can choose between physical and digital products as long as they feel that they can convince their audience to buy them. Even though promoting physical products can convert faster than digital, the commission is usually lower.
Affiliates usually get a unique website link that tracks conversions. They either place it inside a blog post or promote it via social media, like Tiktok, Instagram, or Youtube.
Others prefer to run Pay-Per-Click (PPC) campaigns if they have some money to invest beforehand to reach consumers who are very likely to convert.
Best Affiliate Marketing Programs For Digital Products
Moosend: If email marketing is your thing, you canโt miss out on our fantastic affiliate program. Earn up to 40% lifetime recurring commission for every paying customer and an extra commission if they upgrade.
Shopify: This website builder offers a generous $200 commission as long as the referred customer remains an active subscriber for two months.
Semrush: This SEO marketing tool gives $200 for every subscription sale and $10 for every free trial signup.
Coursera: Join Courseraโs affiliate program to get a 10 to 45% commission. This platform offers everything you need to become a successful affiliate.
Capsulink: Join the Capsulink affiliate program and earn a 25% recurring commission for up to 12 months. With Capsulink link shortener, you can make and share short links across various social networks and other marketing channels.
Best Affiliate Marketing Program For Physical Products
Amazon Associates: You can earn a commission from 1-10%, depending on the program. The cookie lasts for a day.
Target: Itโs another notable retail brand, enabling you to get up to an 8% commission with the cookie lasting for seven days.
eBay Partner Network: This well-known retail platform pays you a 1-4% commission based on the product category. The cookie life span is 24 hours.
To succeed in affiliate marketing, create interesting and relevant content for promotional purposes to make good money.
4. Become An Influencer
Revenue potential:Micro-influencers (10,000 to 50,000 followers) can make from $40,000 to $100,000 per year, but it depends on many factors.
If you love social media and creating content regularly, you can consider leveling up your social profiles, for example, on Instagram or TikTok. If you specialize in a niche market, e.g., education or traveling, you can create more specific content and target certain people by addressing their pain points.
As your following grows, you can start experimenting with different content types to see what drives more engagement, and sponsorships will start coming your way.
Even though this is one of the most creative ways to make money online and turn it into a real business, youโll need time to nurture results. Plus, competition is high in certain markets, so youโd better do your research first.
Here, youโve listed some tools that will help nail your content creation:
As long as you find the appropriate tools, you must update your content consistently to fulfill your subscribersโ expectations. Moreover, itโs important to answer your followerโs comments and interact with your audience to create community vibes.
5. Start A Blog
Revenue potential: People who monetize their blog can earn $20,000-$50,000 annually.
If you love expressing yourself through writing, you can become a blogger. To build a successful blog, targeting a specific niche market and audience is much more efficient.
If you publish great content consistently and apply SEO principles, you can turn your blog website into a real money-maker. For instance, you can add affiliate links to blog posts that drive high traffic or sell advertising space to other businesses.
To set up an online business like this, you should dedicate time and effort. But if you have a creative spirit, this safe writing space may give you the freedom you need.
Here are some Content Management Systems (CMS) to start a blog from scratch, paid and free:
WordPress: The free plan starts with limited features and no custom options. The most popular plan for freelancing is the Premium with $13.95/month.
Joomla: You can start for free, but youโll soon need to update to access top features. The annual cost for the Personal package is $99.
Ghost: The pricing varies based on the audience you have. For example, for up to 500 members, the price is $11/month.
Lastly, youโll need to buy a domain name from registrants like GoDaddy and Hostgatorto host your new blog.
6. Create A YouTube Channel
Revenue potential:The average YouTuber earns $18 for 1,000 ad views and around $5 for 1,000 video views. However, the final income varies on many factors.
If youโre more confident with public speaking and have solid story-telling skills, you can also start a YouTube channel to make money online. Again, sticking to a specific field is best if you want to gain authority and followers faster by creating how-to videos. Letโs see an example:
You need to have reached the threshold of 1,000 subscribers to join the YouTube Partners Program. Then youโll get access to Google Adsense to start profiting from ads.
As your following grows, you may also start getting business sponsorships to promote specific and relevant products/services to your audience. You can also run YouTube Ads and leverage the power of YouTube SEO to win more traffic. If you fancy all this, hereโs a YouTube marketing strategy guide to get inspired.
Here are the websites you should check if you decide to earn money online as a YouTuber:
YouTube Partners Program: Read the monetization policies and community guidelines carefully to see if youโre eligible for this program.
YouTube BrandConnect: This program helps businesses collaborate faster with creators on YouTube to spread their messages.
Overall, you should be 18+ years of age to get your YouTube channel monetized. However, investing in tech gear, like a good camera, a mic, and an editing tool are essential to grow your channel and sustain an excellent quality over time.
7. Open An Etsy Store
Revenue potential: A successful seller can make between $43,000 and $46,000 per year on average.
According to a recent report, Etsy, a selling platform for independent creators and sellers, had 96.3% active users, with many staying loyal to the platform over time. So if you enjoy creating handicrafts like pottery or jewelry, you can build your own store on Etsy to increase your income.
Setting up your own profile is pretty straightforward, but the competition is high, so itโll take some time to be more visible. Read this manual and learn how to create a successful Etsy shop online.
You should be 18 years old to be eligible to open an Etsy store. Children between 13-18 are considered minors and need a parent or legal guide to manage the system. Before opening a shop, ensure that your products are allowed on the platform and that Etsy Payments are available in your location. You should also follow the laws that apply to online business in your country.
8. Publish An E-Book
Revenue potential:You can make from $5,000 to $8,000/month on average.
With the rise of self-publishing, itโs now possible to write and publish your own e-book to make money online. So if you enjoy writing and storytelling, why not give it a go?
To create a polished e-book, apart from a writer, you need a designer and an editor to ensure that your e-book is as great as possible. You can hire freelancers to help you out.
Then you can submit it to a self-publishing platform and focus on promoting it. However, before submitting it, check each companyโs royalty policy to see the rate youโll receive for every sale.
Letโs see some self-publishing platforms
Barnes & Noble Press: They offer a dedicated calculator to measure your royalties. When published by B&N Press, you can earn a 70% commission.
Check the requirements of your preferred self-publishing platform and follow their instructions to publish your e-book successfully. As long as you have a solid product with a topic that excites readers, you can make it work.
9. Take Up Freelance Work
Revenue potential: Up to 5,000+ monthly on average, based on your expertise, experience, and effort.
Becoming a freelancer is one of the most popular ways to increase your income. This is even more workable for professionals specialized in web development, copywriting, graphic design, or digital marketing, to name a few.
You can start by building a solid portfolio and joining professional social media platforms like LinkedIn or Behance.
You can also visit these helpful websites to find projects made for you:
Fiverr: Best for web development, digital marketing, and social media
Toptal: Best for software development, finance experts, product and project managers
Upwork: Best for web design, branding, and programming
Flexjobs: Best for transcribing, copywriting, and content marketing
Once you get in the flow, ask your customers if they can leave a kind review to benefit from the power of social proof. As you get better at it, you can start increasing your payout and even commit to freelancing full-time if you wish. Or you can just roll out by doing side gigs in your spare time without sticking to a long-term plan.
10. Build A Membership Site
Revenue potential:Successful websites can make up to $200K per year.
If you already have a blog or a website with many resources, like articles and how-to guides, you can create subscription plans. Craft exclusive content for loyal subscribers or customers and make extra money.
What kind of content can you build for this purpose? E-books, infographics, and exclusive newsletters are great options. Moreover, if youโre a YouTuber, you can create backstage content or QAs to attract more community members.
Check Bookriot as a reference. Itโs a website for book lovers with a community called Book Riot Insiders with three different subscription plans offering exclusive content such as podcasts, new release emails, online courses, or deals.
Looking for top membership website platforms? Check this list:
Once you find the best platform and start your membership plans, make your pricing accessible for multiple people to increase your subscriptions.
11. Create A Podcast
Revenue potential: Approximately $500-900 for 10,000 downloads per episode. This range can fluctuate based on affiliate sales and the audienceโs support.
Another excellent option for people who love to narrate stories with specific expertise or a journalistโs flair is podcasting. If that sounds like you, start your own show on Spotify, Apple, and Google Podcasts.
Find a concept that fascinates you, from music to yoga and well-being, and choose relevant topics that will attract your audience. Itโs also wise to watch your competitorsโ content to see whatโs already trending or fill the gaps. You can go solo or bring guests that can add value to your podcast.
But how exactly do you get paid for podcasts? Usually, you earn money from sponsorships, affiliate links, or support straight from your audience using platforms like Patreon.
Once all the essential elements come together, create a website or an RSS feed at existing sites to host your podcast, and start promoting it on social media to gain more traction.
Top Podcast Hosting Websites
If becoming a podcaster is something that appeals to you, here are some hosting sites for starters:
Check their features and pricing to find the best plan that suits your needs.
12. Do Voice-Overs
Revenue potential: According to Ziprecruiter, entry-level voice actors can make between $13,500โ$31,999 per year.
Another great option for people who love storytelling, singing, and acting is doing voice-overs. Itโs important to have a talent for it, as all companies require you to send a sample of your work to see if your voice fits their goal.
If you start doing voice-overs, many projects can land in your hands, such as commercials, demos, movie trailers, and audiobooks. So if you have a strong and dynamic voice and youโre interested in bringing new worlds to life, start practicing today to claim your new next side gig.
Want to launch your next voice-over work? Here are some websites to look at:
You need to demonstrate your ability to narrate your clientโs story and experience breathing techniques and warm-ups. Once you get the job, youโll need a high-quality microphone and recording software to excel.
13. Become A Virtual Assistant
Revenue potential:The average hourly rate is $16 โ you can earn from $21,000 up to 56,000 yearly, based on the business.
Many businesses need a part-time workforce to complete administrative tasks for them regularly, e.g., scheduling appointments, arranging travel, etc. You can complete these tasks online, so itโs the perfect solution for people with limited availability who want to work extra from home.
To succeed in these side gigs, you need time management, organizational skills, and attention to detail. They may ask you to demonstrate previous experience in Excel or scheduling software, but usually, these jobs are suitable for people with little or no previous working experience, depending on the industry.
Revenue potential: You can earn from 0k โ $50K per month based on your audience and pricing.
One of the most successful content types to attract people to your website is online courses. Create on-demand courses and share your expertise with your audience.
To create competitive content, search for trending themes to understand what people need to learn. As with previous methods, checking what other course creators do is always good to find a unique angle.
In short, a successful online course consists of clear learning objectives, exciting yet challenging content, and some form of interaction. For example, you can create a community or a forum so that attendees can share their questions and experiences.
Finally, you can host this webinar on your existing website by adding a plugin or joining a dedicated e-learning platform. Letโs see some examples:
Once everything is set, you can build a marketing plan to promote your course to your target audience and increase sales.
15. Become A Twitch Streamer
Revenue potential:Streamers with small channels can make from $50 to $1,500 per month on average, while expert streamers can reach $5,000.
If youโre a member of Gen Z, youโve probably heard of the mighty video live streaming service called Twitch. Even though it started as a platform for gamers, people from various industries have also joined.
If youโre already a Twitch lover willing to make an effort to grow your audience, there are many ways to make good money from it. Letโs explore the basics:
Subscriptions โ viewers can subscribe to your platforms once or periodically, selecting their favorite plan.
Bits โ virtual elements users can buy to โcheerโ and support their favorite streamer.
Ads โ this makes sense for channels with bigger audiences, and you schedule them straight on Twitch.
External sources โ for example, sponsorships, donations, affiliate programs, merchandise, etc.
So take this opportunity seriously if you love connecting with people in real time and have something meaningful or fun to show them.
16. Become An e-Tutor
Revenue potential: The average hourly rate for online tutors is $18.30.
During the pandemic, work from home and e-tutoring became vital, and many teachers started to use video calling software like TrueConf, Zoom, and Meet to connect with their students. This has opened a new pathway to how teachers and mentors can deliver tutoring and training.
So if you are an expert in a particular field, why not share your knowledge with other people? From maths to foreign languages and writing, find your hen with the golden eggs and get ready to share your know-how with enthusiastic students.
However, you should treat this gig with more diligence, as you work directly with people. Prepare your classes beforehand to satisfy your studentsโ needs.
Here are some useful platforms to visit if youโre considering e-tutoring:
Job boards: Find available job postings on websites like Indeed or Craigslist.
Tutor.com: Tutors are paid a set hourly rate, including incentives for high-quality tutoring.
Care.com: You can find different gig types, from childcare to tutoring.
Every platform has different requirements for tutors, like previous teaching experience or graduate degrees. Most require you to complete an assessment before accepting you, so read the instructions carefully.
17. Do Micro-jobs Online
Revenue potential: You can earn up to $100 for each micro-job, depending on your effort.
If youโre looking for easy side gigs to make money online occasionally, you can search for micro-jobs. For example, transcribing would be a solid option for you. Youโll get to transcribe certain audio or video files within a deadline. In most cases, the faster you type, the more money youโll get.
Apart from transcribing, you can also consider other relevant micro-jobs like translating, data entry, or editing. The first applies to native language speakers or professionals with relevant licensing, while the latter to detail-oriented people with organizational skills.
Interested in relevant side gigs? Have a look at these websites:
Amazon Mechanical Turk: Best for image/video processing, data verification and cleanup, and information gathering
Fiverr: Best for logo design, translating, social media, illustration, etc.
GigBucks: Offering many micro job categories and opportunities
To deliver those tasks, you need a stable internet connection and a highly-functioning computer to do the work. In some cases, especially in design and development, you may be asked to showcase your previous work to get the job.
18. Sell Your Stuff Online
Revenue potential: It depends on the product you sell and their quality
If you want to make money fast and receive it upfront, consider selling second-hand items online. From T-shirts to furniture, find all the neat items you donโt need anymore and get ready to give them out. To ensure that the price you ask for is decent, search for the original price and reduce it based on the current quality.
You can also sell your tech gear, like old laptops or cameras, or even trade them to get cash back. In any case, itโs not a practice that will bring you a lot of money, but it can help you make it fast.
Ensure that the items you sell are in good condition, as some platforms will require proof to secure their shoppers. Therefore, to promote these items on the platforms above, youโll need to take high-resolution photos or videos to attract the right consumers.
19. Complete Online Surveys
Revenue potential:The range varies based on the items you complete. For example, for 30 surveys per month, you may end up with approximately $150.
One of the easiest ways to gain some extra dollars is by completing online surveys. Many businesses conduct market research to get the consumersโ opinions before launching a new product.
However, this method will not bring you big cash. Consider it more if you need to make some pocket money in your extra time, as the pay for a single survey hardly ever exceeds $5. Moreover, sometimes businesses provide participants with gift cards or similar incentives instead.
Finally, read each surveyโs instructions carefully as there might be demographic limitations, e.g., occupation or location. In most cases, the age range starts from 18, but you can find surveys that accept 13-year-olds and above.
Swagbucks: You earn points by watching videos, shopping online, and taking surveys. You can redeem them in gift cards or cash via Paypal.
Survey Junkie: An online survey community enabling you to make money through gift cards and cash via a pointing system. Available for people aged 16+.
Branded Surveys: An online survey program with an easy-to-use dashboard and a point redemption system.
20. Test Websites And Apps
Revenue potential: If you complete several tests per month you can earn approximately $140 per month.
Are you a tech-savvy person with a keen eye for detail? Then thereโs one great side gig for you that you canโt miss out on โ website testing.
Long story short, youโll be one of the first people to navigate new apps and websites and share feedback to improve their functionality and design. The rate per test varies based on the methods business owners and UX specialists use. For example, the rate usually gets higher if you participate in live sessions.
Here are what sites you can visit to get started:
Usertesting: You will complete a quiz, and if you pass, you will be matched with test opportunities based on your results. Youโll usually receive payment by Paypal one week after completing the test.
Ubertesters: This app is mainly for QA testers with rich theoretical knowledge. You can participate in projects from big brands, testing pre-released websites, apps, and games.
Userbrain: After you pass the qualification test, you can participate in a 5-20 mins test and receive $5 for each via PayPal.
As already mentioned, you must pass a qualification test to start this side hustle. So sharpen your web development, QA, and UX design skills before registering to move to the final stage.
21. Sell Your Photos
Revenue potential: For royalty-free sales, you can earn between $0.10 to $99.50. With extended licenses, you can move up to $500.
If you love taking photos and have a high-resolution camera, you can consider selling them to stock photo sites. Find which categories are in-demand and take some great relevant shots.
You can also do the same with video footage for business owners who want to buy stock content for their campaigns to save money. All in all, itโs a great way to make a passive income just by practicing your hobby.
Getty Images: Royalty rates start at 15%, and exclusive contributors can earn up to 45%.
Vecteezy: They have a Free and Pro program โ in the Free program, you earn $5.00 per 1,000 downloads for photos and $10.00 for videos. In the Pro program, thereโs a 50% revenue split.
Shutterstock: Read the instructions carefully to understand earning levels based on licenses.
Once you upload your work to the chosen platform, theyโll review it carefully to see if they meet their requirements. Lastly, youโd better watch out for possible copyright violations before submission.
22. List Your Room/Flat On Airbnb
Revenue potential: $948/month on average, but varies depending on the property and location.
If you have a spare room in your flat, an empty apartment, or a holiday cottage, you can resort to Airbnb to make money online like a pro. This practice has gained popularity over the last ten years, and some users profit sustainably from this platform.
Plus, if you are interested in hospitality, this side gig will be ideal for you, so try to offer your guests the best experience.
As you can understand, itโs hard to manage everything entirely online, as youโll need to do regular housekeeping and welcome your guests. However, as this gig gets profitable, you can hire someone to become the host on your behalf.
You can also check Airbnb alternatives, like Booking.com, Homestay, and Blueground, and choose the platform that covers your needs.
23. Invest In Stocks
Revenue potential: 7-10% on average yearly over a long period.
If you have an entrepreneurial mindset and are good at economics, you can invest in stock options. For example, you can check your employerโs stock options to be safer or purchase shares in other companies if you can predict an increase in value.
However, if youโre unfamiliar with these transactions, itโs best to avoid this option, as you may lose lots of money if things go wrong. If you feel confident, you can visit stockbroker websites such as E*Trade and TD Ameritrade.
Choosing The Optimal Way To Make Money Online
Hereโs a quick guide on how to pick the right online job for you:
Determine your desired income: Calculate how much money youโd like to make online, and then choose the right option for you.
Choose something interesting: It will be much easier for you to do a side gig you like, especially if you already have a full-time job. Choose a second job that feels more like a hobby.
Decide on your availability: Itโs also important to determine your availability before applying for a gig, including how much effort youโd like to put into it.
Beware of scams: Visit trustworthy platforms such as job boards, or the sources mentioned earlier to ensure youโll receive your money.
After you follow these steps, youโll be ready to get your next side gig and make good money online. Enjoy the process!
How To Make Money Online FAQs
Letโs see some of the most common questions on how to make money online and try to address them.
1. How can I make money online immediately?
You can sell second-hand items like clothes or furniture to make money asap. Moreover, you also have the option to complete online surveys or test websites/apps to earn some cash quickly.
2. How can I make $100 per day on the Internet?
There are many options to choose from. For instance, you can create and sell online courses, take freelance work or become a part-time virtual assistant.
3. How do I make money from my own website?
Firstly, you can sell advertising space or spread affiliate links inside your content. In addition, consider creating membership programs by offering exclusive offers and resources to subscribers.
ย
Earn cash for taking free paid surveys while influencing the next generation of products, services and much more.
The Africa e-commerce market is expected to exhibit a growth rate (CAGR) of 26.5% during 2023-2028.
Electronic commerce, commonly known as E-commerce, stands for the commercial transaction of goods or services over the internet. These transactions are primarily deployed on various business models, including business-to-customer (B2C), business-to-business (B2B), customer-to-customer (C2C), and customer-to-business (C2B). E-commerce platforms provide several advantages in comparison with conventional brick-and-mortar solutions, such as controlled inventory cost, improved profit margins, numerous discounts, hassle-free delivery of goods and services, etc. As a result, these platforms are widely adopted across various industries, including retail, consumer electronics, travel and leisure, FMCG, etc.
In Africa,
the increasing penetration of smart devices along with the growing internet connectivity has led to the emergence of e-commerce platforms. Moreover, the changing consumer inclination from brick-and-mortar retail channels towards online stores for hassle-free shopping experience is further augmenting the market growth. In line with this, the introduction of digital trends in the retail sector for enhancing product sales and reaching out to a larger consumer base is also propelling the market for e-commerce platforms in Africa. Additionally, several regional organizations are getting inclined towards e-commerce solutions for minimizing overhead operational costs and improving business efficiency. Apart from this, the growing integration of e-commerce platforms with various advanced technologies, such as artificial intelligence, predictive analytics, cloud computing, etc., is also bolstering the market growth in the region. In the coming years, the increasing penetration of numerous international e-commerce companies leading to several innovations in point-of-sale terminals, mobile payment solutions, and app-based commercial platforms will continue to drive the E-commerce market in Africa.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Africa e-commerce market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on business model, mode of payment, service type and product type.
The competitive landscape of the industry has also been examined with some of the key players being Alibaba Group, Amazon.com, Inc., Avito Holding AB, Bidorbuy.com Inc., DHL International GmbH, DealDey Ltd., eBay Inc., GumTree.com Limited, Jiji Press Ltd., Jumia Technologies AG, Konga Online Shopping Ltd., Naspers Ltd., and OLX Group.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Million
Segment Coverage
Business Model, Mode of Payment, Service Type, Product Type,ย Country
Countries Covered
South Africa, Nigeria, Egypt, Morocco, Kenya, Others
Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
1. What is the expected growth rate of the Africa e-commerce market during 2023-2028?
ย ย ย โ We expect the Africa e-commerce market to exhibit a CAGR of 26.5% during 2023-2028.
2. What are the key factors driving the Africa e-commerce market?
The rising penetration of smart devices, along with the growing utilization of e-commerce platforms, as they provide various benefits, including controlled inventory cost, improved profit margins, hassle-free delivery of goods and services, etc., is primarily driving the Africa e-commerce market.
3. What has been the impact of COVID-19 on the Africa e-commerce market?
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of e-commerce platforms across several African nations, owing to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms, during the lockdown scenario.
4. What is the breakup of the Africa e-commerce market based on the product type?
Based on the product type, the Africa e-commerce market can be bifurcated into groceries, clothing and accessories, mobiles and electronics, health and personal care, and others. Currently, clothing and accessories exhibit a clear dominance in the market.
5. What are the key regions in the Africa e-commerce market?
ย โ On a regional level, the market has been classified into South Africa, Nigeria, Egypt, Morocco, Kenya, and others, where South Africa currently dominates the Africa e-commerce market.
6. Who are the key players/companies in the Africa e-commerce market?
Some of the major players in the Africa e-commerce market include Alibaba Group, Amazon.com, Inc., Avito Holding AB, Bidorbuy.com Inc., DHL International GmbH, DealDey Ltd., eBay Inc., GumTree.com Limited, Jiji Press Ltd., Jumia Technologies AG, Konga Online Shopping Ltd., Naspers Ltd., and OLX Group.
Africa e-commerce
The Africa e-commerce market has been growing rapidly in recent years, driven by increasing internet and mobile phone penetration rates, rising consumer spending, and a growing middle class. According to a report by McKinsey & Company, the e-commerce market in Africa is expected to reach $75 billion by 2025, up from $8 billion in 2013.
Some of the key players in the Africa e-commerce market include Jumia, Konga, Kilimall, Takealot, and Souq. These companies offer a range of products and services, from fashion and electronics to groceries and health and beauty products.
However, the Africa e-commerce market still faces several challenges, including poor logistics infrastructure, limited payment options, and low digital literacy rates in some regions. Nevertheless, with the continued growth of internet and mobile phone usage in Africa, the e-commerce market is expected to continue to expand in the coming years.
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