Kwabena Okyire

blog, Uncategorized

How to Make Money From Home

It is possible to make more than a living working from home. It is up to you what opportunity to explore. There are lots of opportunities out there on the internet that allow average men and women to make a good living while enjoying their best lives and with their favorite people. 

Up till the pandemic that was sponsored by covid-19, most people only knew of the internet as a place to shop, find information and connect with friends and family via social media. Thanks to the pandemic and covid, more and more people are realizing the increasing opportunities presented by the internet that can make you rich in the shortest time than you thought. While the internet is not a “Get rich quick” medium, it is probably responsible for the most millionaires created within the last few years. 

This article will expose you to the various opportunities that you have available to you right now that will work for you if you work on the ideas. Most people who start internet businesses never put in the required work but expect the most out of it. This is not a get-rich-quick scheme, but these ideas work. Here we go. 

How to Make Money From Home

Making money from home involves a few things and is not as complex as many online business gurus may make it sound. 

The fact is, being at home means being alienated from every other person in the world with the exclusion of your family or your roommates. This means you will need some way of connecting with the outside world. The internet is your best bet. Fortunately for you, there are lots of things to do online to make money whether you are lying on your bed or you are sleeping on it. 

The only real ways to make money online involve starting a business, finding a remote job, getting into the creator economy, or becoming an expert and selling your knowledge in various ways. 

1. Start an Online Business

The internet is the land of opportunity for anyone who will explore the many business opportunities. There are quite a lot of strategies and methods of making money online that you can start from your home. The good thing about an online business is that it is always open 24/7 and you can serve customers from all over the world. However, unlike popular beliefs, making money through an online business is not easy. But the internet has an added advantage and with the right systems, you could potentially make money without having to work yourself into exhaustion or build a team of gladiators. All you need is the right team, a few automation solutions and you can set up a thriving business. However, the kind of systems and team you need depends on the kind of business you want to get involved in. Here are a few of the best businesses you can start on the internet. 

Online Businesses You Can Start Today

1. Build a SaaS Product

Software as a service (SaaS) products have crowded the market. But there are more opportunities in the various markets. From invoicing and accounting solutions to HR management software, sales and marketing, and creator tools. There are a lot of offers that the masses still need that you can easily locate in a market and build a product around. The thing about SaaS products is that they are mostly either personal (BC2) or enterprise (B2B) so it’s important to identify your target market so that you can concentrate your efforts on making them happy. 

Examples of thriving SaaS products/Companies

Shopify, Canva, Mailchimp, Google Apps, Notion, Zoom, and Dropbox are a few popular SaaS products. 

2. Blogging

Blogging is one of the most sustainable internet businesses you can run. There is a blog for almost any topic or niche. So, no matter your area of expertise or hobby, you can always find an audience to write for. 

One of the key pieces of blogging success is having a strong writing background and an understanding of SEO. The good thing is, you don’t need any of those skills to get started. You can hire a team of writers and an SEO to drive the strategic aspects of your blog. 

Owning a blog is one of the most versatile ways to make money from your home. You have a variety of options when it comes to making money. 

Ways to Make Money With Blogging From Your Home
  • Google Adsense
  • Affiliate Marketing
  • Sponsored Posts
  • Paid Ads
  • Selling Products and Services
3. Affiliate Marketing

Affiliate marketing is one of the main ways bloggers make an income. However, it isn’t limited to only bloggers and anyone with an audience or traffic can make a business by helping buyers find the products that they need. 

Affiliate marketing is simply a referral marketing strategy where you get paid a commission when someone buys a product or service using a special link that can attribute the sale to you. It is a performance-based marketing strategy which means you only get paid the commission when a specifically defined action has been taken such as clicking on your link, buying a product, or another “action”. 

You Can Make Money with Affiliate Marketing With

  • Paid Ads – Search, Social Media
  • Blogging
  • Organic Social Media
  • YouTube Channel
4. Podcasting

Audio is one of the emerging forms of content that consumers love. The rise of Clubhouse and other social media giants like Twitter and Facebook introducing their own “Spaces” only goes to prove the potential for podcasting and audio content in the coming years. 

The best time to start a podcast was 5 years ago, the next time is right now. Thanks to platforms such as Anchor.fm, it is easier than ever to start and monetize a podcast. 

You can make money with your podcast by hosting guests for a fee, adding paid jingles to your podcast audio, or better still selling your own products and services. 

2. Get a Remote Job

Being at home doesn’t mean you cannot work. In fact, with the increasing globalization of our world, lots of companies are expanding and you may be surprised at the number of remote job vacancies you can find. Here are a few platforms to start your search. 

Best Remote Jobs Platforms 

  1. Monster
  2. Indeed
  3. The Muse

3. Become a Creator

Perhaps you don’t want to start a business now and neither do you want to get another job. Maybe you are even tired of jobs and want to do something different. Becoming an online creator is one of the best ways to capitalize on the multiple ways to make money online. 

If you start a youtube channel to talk about one of your hobbies. It could be writing, pet care, or one of the many options available. You will find an audience that loves what you do. You can join the YouTube partner program and make money from Adsense. You can also have partnerships and promote other products within your niche for commissions. You can sell your own products, services, or courses. Brand deals are one of the highest sources of income for many creators out there. The possibilities are endless here for creators.

To be a creator, you need to decide which platforms you are comfortable with and that should correlate with a content type. 

Top Creator Platforms in 2022

  1. TikTok – Video
  2. YouTube – Video
  3. Twitch – Live Video
  4. Twitter – Text, Voice
  5. Instagram – Video, Images

4. Become a Freelancer

Freelancing is one of the most attractive work arrangements for a lot of people. And in recent times, more and more people are opting to become freelancers and work for multiple employers in various arrangements such as part-time, contract, or even one-off projects. Freelancing gives you the freedom to work with whomever you want, choose the projects you want to work on, and how to spend your time. You don’t have to work 9-5 as you are basically your own boss. 

Best Freelance Marketplaces

1. Fiverr

Fiverr is a unique freelance marketplace. It has sellers and buyers. A seller (that would be you) would list their service as a product called a gig. A gig is basically a service that has specific deliverables and a set/fixed price. A buyer can check your profile as a seller and decide to immediately buy your service. This means that you are not limited to clients within your geographic dispensation. You can get clients from all over the world. 

2. Upwork

Upwork is one of the best platforms to work on as a freelancer. However, it comes with the good and bad. Like many freelance marketplaces, it is choked with experts and high-level sellers. On the other end, you can easily get long-term contracts and high-paying clients on Upwork. 

The platform itself is very competitive and requires the ability to write the perfect bid for clients to decide to work with you. 

3. Freelancer

Freelancer is one of the top platforms for freelancers. They have a model similar to Upwork. Once you have your profile fully set up with your skills and experiences, you will get a feed of jobs that you can apply to or bid on. Once a client picks you, an agreement sets in and you get paid after the client has approved your service to them. 

5. Start a Consultancy

The consultancy has been one of the best ways to make money even off the internet. Now with the internet, you can make money as a professional consultant by sitting at home and attending to your clients who could be halfway across the world. Through collaboration and communication tools, you can easily serve clients without breaking a pint of sweat or spending tons of money to physically be with them. 

You can leverage online marketing tools and tools to make money through booking sessions, one on ones, and more. It is an exciting time to be a consultant. 

Conclusion

Making money is not an “outdoor” thing and with some creativity, you can earn a living both from the internet and some systems. You could be a creator, start a business, dabble into freelancing, or getting a remote job, or even work multiple remote jobs.

About the author

Kwabena Okyire

After 13 years in digital marketing, I left my job in 2019 to work online full-time. Today I run my own agency, help local companies with digital marketing, freelance on sites like Upwork and Fiverr, and share proven marketing and personal branding strategies from my entrepreneurship journey through this blog.