While a job is traditionally the way to make a living, our current world dispensation allows people to make money through different means without having to work a job.
Making money can be done in a variety of ways. What are some of these possibilities? What are your options for gaining access to them? How are you going to make money through those channels? This article aims to help you make money without having a job.
Ways to Make Money Without Job
1. Participate In Market Research For A Fee
Market research is the practice of doing direct research with prospective customers to identify the viability of a new service or product. Market research allows a company to identify its target market and obtain feedback from customers about their interest in the product or service.
This study can be done in-house, by the company, or through a market research firm. Surveys, product testing, and focus groups are some of the methods that might be used. Product samples or a small honorarium are generally given to test subjects in exchange for their time. In the research and development (R&D) of a new product or service, market research is essential. Paid market research enables corporations to pay people to give their opinions on everyday objects, services, and brands, ranging from beauty products to political viewpoints.
Participating in focus groups, taking surveys for money, and participating in medical research are all examples of market research. Medical research typically comprises getting compensated to express an opinion on medicine or medical treatments or to assist in the testing of medicine and therapies, ranging from fundamental research to clinical trials and studies. If you decide to participate in medical research, make sure you understand the implications for your health. The amount of money you are paid varies with each opportunity; some compensate people involved using a point system, an hourly rate, or gift cards. Definitely worth a shot, isn’t it?
2. Make Money By Selling Online
There are numerous venues where individuals can make an income online. The first approach is to determine what to sell – do you have a vintage clothing collection in the back of your closet, or do you have outdated equipment and furnishings that you no longer use? Marketing and sales online make it easy to access a larger audience and expand your consumer base, with figures indicating that by 2024, over 2.14 billion individuals would have purchased goods and services online.
Furthermore, in 2019, e-commerce sales accounted for 14.1 percent of all retail sales worldwide, with this figure predicted to rise to 22 percent by 2023. If you’ve never worked with eCommerce before, it can be difficult to acquire a handle on it. However, there are numerous advantages to be gotten.
Perhaps you began with a small local shop and now wish to reach a much larger audience. Alternatively, if you already have an internet presence, you may want to look into other venues where your product might be noticed. Below are some steps to go about buying and selling online and making money:
Make use of currently available payment gateways.
Sell In Online Marketplaces and Store Builders
Marketplaces such as Amazon, eBay, and Etsy allow you to sell online. You can have access to a well-established, broad network of loyal clients. The ability to assess demand for the things they sell is a significant bonus for e-commerce newbies. You can even try out one-product store concepts, where you create a brand around a single item.
It’s time to start creating an online store once you’ve got a decent understanding of what’s popular. Connecting popular sales channels to your business is simple if you build one with Shopify.
Sell Through Social Media
Social media platforms like Facebook and Instagram, in addition to marketplaces, enable you to get your wares in front of potential clients. Set up a Facebook shop, for example, to show off your merchandise to Facebook fans.
Those who are interested can then add your products to their shopping carts and check out directly on the platform. However, if you choose to build your own eCommerce website, Facebook still provides various options for selling online, including using your Facebook Business Page, running advertisements, and selling items in Facebook groups.
You can work with influencers through social media. In exchange for shoutouts, you can provide influencers with samples of your products. Search for relevant hashtags to find influencers in your niche, then collaborate with them to promote your business.
Sell Through Dropshipping
Create a “drop shipping” website of your own.
Setting up a website has never been easier thanks to services like Shopify. You can get it up and running in a matter of days by taking advantage of free trials and countless internet resources.
You can also use a drop shipping program to do away with the headache of purchasing and storing goods. It’s a terrific way to sell online because of its many benefits, the most significant of which are, of course, the low setup costs – because you don’t have to buy inventory or operate a warehouse.
There’s also the potential to offer a wide range of items, which aids in rapid scaling, as well as the great flexibility that comes with being able to run your business just about anywhere in the world.
3. Create A Blog
There are a plethora of ways to generate money with a blog if you’ve always wanted to create one. You can monetize your blog by using advertising, affiliate marketing, courses, e-books, and other methods once you’ve started creating great material. Before you can earn money from blogging, you’ll almost certainly need to grow your readership dramatically. However, as a blogger, you may choose your own schedule and material, as well as choose who you want to collaborate with when your site becomes profitable. Creating your own blog gives you authority over the profits you derive from it and consequently enables direct your income anywhere you want.
Tips To Create A Blog For Making Extra Money
Select a Subject
We recommend picking a blog topic about which you are enthusiastic or intrigued. It’s even better if you’re a master at doing something, as this will help you expand your blog by allowing you to provide high-quality content that will benefit others.
Ask yourself the following questions and come up with at least 10 topic ideas.
- What am I interested in learning more about?
- Do I have a pastime or a passion that I could tell people about?
- What topics do I like to write about?
- Is there anything about which I am an expert?
- Is there something I’m particularly enthusiastic about?
Decide On Your Niche.
There are more than 600 million blogs on the internet. Therefore, it is critical that your specialty is as narrow as possible. This will assist you in standing out among the crowd. Your niche could be a highly precise target audience (for example, KNUST students), a certain form of material you’ll provide (for example, step-by-step guidance), a subsection of your topic (for example, sports), or a combination of these (e.g., guides for KNUST students who like playing basketball.)
Verify Market Demand
It’s crucial to know whether you’ll be able to monetize your content once you’ve come up with a few topic ideas. Will there be enough people who want to hear what you have to say? Consider a few keywords that are connected to your issue. To see how popular they are, use Google Keyword Planner and Google Trends. Alternatively, you might conduct surveys or hunt for online forums in your niche to determine the size of your potential readership.
You can earn as much as $2000 a month, depending on how you are able to pull readers to your blog. Earning within $0.5-$2 a month, it is possible to hit $32000+ a year if you have mind-blowing and captivating content.
4. Make A Living As A Virtual Assistant.
Do you have a knack for getting things done? Administrative assistance is frequently required by individuals, groups, and businesses. From a remote location, a virtual assistant assists organizations with day-to-day operations such as email management, bookkeeping, and social networking. Meetings are scheduled, clients and investors are contacted, orders are followed up on, business documentation such as PowerPoint presentations and Excel sheets are created, blogs and websites are managed, and so on.
Virtual Assistants (VAs) work remotely with their clients to manage the areas of their business that they are too busy to handle. Depending on your qualifications, being a virtual assistant may require some training or briefing. If you have decent communication skills and can use MS Office, you can simply join up for sites like Elance.com and Zirtual.com and start looking for employment as a virtual assistant. Yes, it is that easy.
The salary of a virtual assistant is determined by their years of experience and the expertise they can provide. The United States Bureau of Labor Statistics does not keep track of salaries for virtual assistants. These estimates are based on a 40-hour workweek for secretaries and administrative assistants in general.
$40,990 ($19.71/hour) is the median annual salary.
Annual Salary in the Top 10%: More than $67,510 ($2.46/hour)
Annual Salary in the Bottom 10%: Less than $26,880 ($12.92/hour).
I am sure at this point, you are beginning to ask, is this actually how much good money you can make whilst unemployed? Yes, and there’s more. At the end of the article, you will have a variety of options to make money whilst unofficially employed, and probably you might become an employer.
Still, on writing, the next point might enthuse you if you are a big fan of writing.
5. Make Reviews On The Web
Many businesses that sell a product or service value customer feedback and utilize it to improve operations. Users are compensated for providing original and meaningful product and service reviews to these companies. Surveys and evaluations are frequently distributed and paid through third-party surveys and research websites that are suited to handle consumer insights. InboxDollars and Survey Junkie are some of these sites. Some businesses, such as Amazon, prefer to use third-party websites while also doing their own reviews on their own site. Some websites offer cash or checks in exchange for reviews and surveys. Users on other sites get points for completing surveys, which they may then redeem for cash, checks, gift cards, and prizes.
Tips For Writing A Good And Captivating Review.
Always keep in mind that you are not promoting the product when writing a review. A dedicated team has been formed for this purpose. Honest evaluations regarding what happened when you utilized the product are what the company and customers want. If you’re evaluating a Samsung phone, for example, you should mention how user-friendly the UI was, whether you had any issues with it, and so on.
“It is the best product,” for example, is a generic statement. It’s far superior to anything else on the market!” is too promotional and not descriptive enough. Even if it is the best mobile phone you’ve ever used, you must remain objective in your evaluation. It should sound like a personal story or narrative. Proof should be provided in the form of screenshots, product images, or before and after photos. If you didn’t like the product, don’t overemphasize why they should not buy it – just express your thoughts and let your readers decide.
According to the Bureau of Labor Statistics, reviewer wages in the United States often exceed $82,663 per year. The average yearly compensation for reviewers in the United States is $28,924.
6. Freelancing
You can work as a freelancer if you have a skill, ability, or passion for something like writing, graphic design, or coding. Companies and individuals hire freelancers on a project-by-project basis.
Fiverr and Upwork, both online marketplaces for freelance services, are good sites for freelancers to advertise their services. Alternatively, develop a personal website and promote your services using social media, email, and word-of-mouth. According to Indeed.com, the average hourly wage for a freelancer is $21.
Keep in mind that freelancer pay varies and fluctuates based on the industry, customers, timetable, economic market, and other factors. Even though freelancers do not get the full payment of actually hired employees, they earn good money depending on the company you are working for. Extra income is always welcome, no matter how much it is. Freelancing has been one of the most profitable sources of extra income in modern times. Not only do you make good money, but you also get to improve on your skillset since you will find new and innovative ways to make your skill stand out to maximize profit.
7. Commercializing Photography
Making money doesn’t always have to be a stressful venture, it can be fun and interesting as well. Photography is a typical example of how everyday hobbies can become money-making ventures, bringing us easy money as we do it. Commercial photography is a well-known method of making money and does not need a special set of skills or educational qualifications. It’s not just for social media that you should take well-crafted photos.
Sell your photos on stock photography websites and freelance markets like Shutterstock, Adobe Stock, Upwork, and Fiverr to make money from your love, hobby, or aptitude for photography. You can also attract clients without using third-party websites by utilizing your portfolio. If you don’t have a camera, use your phone and invest in editing software such as Adobe Photoshop and PIXLR. As of February 2022, the annual income of commercial photographers amounts to $51,965, approximately $24.98 an hour. Quite a lucrative venture.
8. Make A Living As A Rideshare Driver.
Consider generating fast money as a rideshare driver if you have excellent driving skills. Ridesharing has become a way of life and a source of income for many people all over the world. If you have the time and enjoy connecting with people, consider joining a ridesharing firm. You can also make money delivering meals as an Uber Eats or DoorDash driver.
Here’s some insight about rideshare for those who aren’t familiar with it: It’s a relatively new mode of transportation, rideshare driving. In order to operate as a rideshare driver, you’ll need an iPhone or Android. Passengers with smartphones will be able to view your real-time location and request transportation from you via an app. You’ll have the freedom to set your own schedule and choose the assignments you want as a rideshare driver. You are not required to work a set number of hours with rideshare businesses. You may work another job while driving for a ridesharing company because of the flexibility.
While many individuals use ridesharing services for transportation, some are now offering delivery services. Customers can get take-out food or items delivered to them. Users may be able to mix passenger and delivery trips to boost their profits as rideshare drivers in some situations.
How much do Rideshare drivers earn? In the United States, the average annual income for a Rideshare Driver is $23,000. These findings are unique to Mint Salary and are based on 1,362 TurboTax users who reported this sort of work.
9. Creating A Podcast
Simply explained, a podcast is an audio program similar to Talk Radio that you can subscribe to and listen to any time you want. Make a podcast. Beginning a podcast, which is a billion-dollar industry, can be a fun way to make money.
According to Edison Research, podcasts have around 80 million listeners, with listenership increasing by 17% since 2020. Start making money from a podcast as you launch your show and create an audience. Even while visual podcasts exist, most podcasts today are audio-only. Podcasting arose from a desire for background information. That is anything that can entertain, educate, or inspire you while you are doing other, more mundane tasks.
For instance, the car is one of the most typical places when individuals listen. Because video isn’t available there, audio content is ideal. Podcasts are also fantastic to listen to while at the gym, mowing the yard, or driving to work. Audio can be used to fill in any gaps in your schedule. In creating a podcast, you need a central theme. It must not necessarily be a new topic, but how it is discussed or analyzed on your podcast is the game-changer. You should look for a topic you have a wide area of knowledge on and can exhaust all that needs to be talked about while keeping the podcast entertaining and lively. Apple Podcasts and Google podcasts are some of the platforms for creating content for podcasts.
What is the average revenue from a podcast? In the United States, the average yearly pay for a Podcaster is $54,924 as of February 8, 2022. If you need a quick salary calculator, that equals $26.41 per hour. This is $1,056 each week or $4,577 per month. This is dependent on how many subscribers you are pulling, which is highly determined by your content.
10. Twitch-Streamed Gaming
How about making money while literally having loads of fun? This is literally killing two birds with a stone. For those who have mastered the art of gaming, this one is all yours. Make money playing video games on Twitch, the world’s top Livestream platform, if you enjoy them.
The video game industry has exploded in recent years, particularly around 2020. Gamers’ levels of success and revenue will vary. Even yet, there’s enough money to be made in this multibillion-dollar sector.
Gaming as a passive income source demands passion and dedication, despite the fact that it appears to be simple and lucrative. You must expand your audience, which necessitates the creation and posting of multiple videos of you playing games, as well as extensive live streaming hours and experience in the games you choose to play.
A great Counter-Strike gamer can earn anything from $8,000 to $15,000 per month. On Twitch, pro gamers make roughly $3 per month for each subscriber. As a result, a gamer with 1,000 Twitch subscribers earns $3,000 per month.
Conclusion
Making money is always not dependent on getting a job. As we have explored, there is more than one way to earn extra good money. Ranging from avenues that are mid-stressful to purely fun and flexible avenues, we have a variety to choose from. Select the one you work best with. Find joy and fulfillment with what you decide for yourself. Be yourself, take your time. There are other avenues apart from those listed above. Remember, your interest should guide you in making a suitable selection for yourself. Make good money, earn extra income and probably be your own employer and if possible, employ others. Nothing good comes easy though, dedication to what you do is as paramount as the activity itself. Now that you have this information, I hope you have begun thinking of the next move, I hope you find this article helpful as you embark on your money-making venture.
