You’ve probably heard of affiliate marketing, right? It’s when brands pay bloggers and other online creators to promote their products. But did you know that there are other ways to make money online without being an affiliate?
In this article, we’ll introduce you to three proven methods of making money online that don’t involve any marketing or selling. These three methods are:
1. Sign Up For a Brokerage Account
One of the simplest ways to make extra cash is by signing up for a broker account. A broker will give you access to stock markets, allowing you to invest your money in the hopes of earning profits. For example, using a Robinhood broker account, you can buy stock in companies that you believe in, with the hope that their stock price will increase and you can make a profit when you sell.
By connecting your bank account to a brokerage account, you can then make fast and easy trades via an online platform. Although there are fees associated with brokerage accounts, the ease of use and low transaction costs make them worth it. Plus, you can always disavow any bad investments with your bank.)
2. Start An Online Store
If you’re the creative type, you can start a craft business or boutique selling your handmade creations. But if you want to make money fast, you can also choose to start an online store selling all kinds of products, from jewelry to furniture to artwork. Shopify has made it easy for anyone to open an online store, and with Shopify’s affiliate program, you can earn a commission for recommending products that you’ve tried out or found valuable.
If you decide to go this route, you’ll need to make sure that you’re legally able to sell products online. Most online stores operate within the legal boundaries of the country they’re located in. But to ensure that you’re not breaking any rules, you should research the legal requirements for operating an online store in your country.
3. Use Your smartphone For Money
Last but not least, we have the smartphone industry. The revenue generated from the sale of smartphones and other mobile devices reached $161 billion in 2018.
Within the next 5 years, it is estimated that mobile commerce will reach $1 trillion annually.
While the industry may not be as lucrative as other online options, such as affiliate marketing or Shopify entrepreneurship, mobile commerce has the potential to be more lucrative. Not only does it allow you to reach a larger audience, but it also gives you the opportunity to make more money in a shorter amount of time.
Hopefully, these three proven ways of making money online will help you to see that there’s more than one way to skin a cat. And while affiliate marketing and selling your own products are great ways to earn a profit, if you have a talent or skill that you can market, consider exploring the lucrative world of freelance marketing and sales.