Top 05 Ways of Making Money Online

 

 

1: Start an E-Commerce Site and Sell Products

If you are not into providing online solutions or tools to clients, then setting an e-commerce site might be your best kick. Setting up a virtual shop nowadays is easy thanks to a myriad of tools such as Shopify that makes it easier to create a shop in less than three days. With e-commerce sites, ensure you build a reputable and reliable brand that trades in quality and affordable items.

Though one of the oldest methods of making money online, its fruits rip off after a short time if you only use the right market prices. Many digital entrepreneurs have sustainable e-commerce sites. With these virtual sites, it’s best to create your products or purchase low-cost products from foreign countries and repackage or refurbish them and sell to consumers at a profit.

But it’s a good idea to create your products as you’ll enjoy more profits than when you buy from other retailers. However, product-based businesses are risky, and high costs are starting them, not mentioning the possible legal and operation fees. Instead, if you have less capital, thrive by selling an already popular product which other e-commerce sites are selling. Here, provided you market your products well to the right audience, you’ll enjoy success in a short time in Singapore. Besides, most people nowadays prefer shopping online than physically looking for products.

However, when selling goods, you must always have a good stock and pay rent in a property that stores your goods. So If you have fewer funds, you can opt for drop shipping. With drop shipping, you’ll partner with a retailer to help sell their products to customers. To start, you’ll have to create a site and post products’ images. When a customer orders a good, you’ll pay the retailer, and then they’ll deposit these goods to the customer. The advantage of the method is you’ll not pay for storage or shipping charges. However, it has fewer profit margins, but it is a good idea when you have fewer funds to fund your e-commerce site business.

 

2: Become an Online Coach

 

In Singapore, many clients are looking for experts who have extensive knowledge in some fields. You can take advantage of this trend and start marketing your freelance services. That is, if you are an expert in a specific niche, then you’ll find a ton of clients in Singapore who are willing to pay for your services and time.

Being an online coach is one of the best ways to make money online as instead of bringing deliverables, as freelancers do, you are only advising your clients to become better themselves. That is, they become stronger, faster, and motivated with your expertise. In that case, your knowledge becomes the service you are offering.

Better still, you can repackage your skills with the expertise to come with an enticing package that will attract any potential client. With such programs, you’ll fast build the network that will bring more clients and hence more money for you.

If you are unsure of where to find clients for your coaching services, then community-driven platforms such as Savvy .is, Coach.me, and Clarity.fm are the best places to start. Here, you’ll find a myriad of potential clients who are looking for consultants and coaches on for particular niches.

 

3: Become an Online Translator

 

If you know many languages, then why not try translating content for other people. There is a myriad of translation jobs in sites such as Upwork and Translators town, which pays you lucrative money to translate ads, articles, and more. Most Singaporeans who are linguistically-talented make money by handling translation jobs. Besides, there are multiple online translation platforms where you can try your hand in. Some require you to sign up while others only need you to prove your talent and skills.

Also, most of the online translation services offer you versatility on the tasks you want to handle. That is, they give you the choice to pick the jobs that interest you, while others send you the files to translate. The “take” platforms are way better as they allow you to choose the jobs you find love, which makes the career fascinating. To succeed as an online translator, you’ll need to be an expert in the languages you are translating and also be a fast typist. Most of their jobs pay per each task so the more tasks you handle, the higher your earnings

The payment for translation jobs in the two platforms ranges from $20 to $1500. Here, you can also take many jobs to improve your income. Besides, if you know the Mandarin language, then you’ll love knowing it was not a waste of time learning it after all. If you are schooling, then you can work on these tasks during your free time or weekends. If you are looking for some local translation sites, then translationservices .sg, raffletranslatio.com, and professionaltranslatio.com.sg are the best. Besides Upwork, you can work for international sites such as freelancer.com and gengo.com.

 

4: Start Your Blog and Monetise

 

A huge number of Singaporeans are making money online from their blogs. Some of these bloggers have attained celebrity status and determine the trending topics in the online cyberspace. If you would love to create a blog that people will love to read, then it’s always best to choose a niche you love. Readers can easily detect when you love a niche, and when you write passionate and informative topics on a niche, then finding and keeping readers becomes easier.

Second, you’ll also need to post regularly. People are hungry for new content, and if you leave them starving in your site, then they’ll look for food in other blogs. But when you post regular updates, ensure you post quality articles as fluff turns most readers away. Third, you’ll also need to know what your audience lives and deliver it right ’to them. Tons of articles online will teach you how to monetise your blog. Many bloggers earn a decent living from blogging, which proves that you can also make a living off your blog.

The challenge with a blog is starting, but once you start drawing more traffic, then advertisers will stream to your site. From advertising their content, you’ll enjoy huge commissions and bonuses. Some local networks also negotiate with site owners to market their ads at a price. These include Google Ads, Nuffnang, and Gushcloud

 

5: Be a Freelancer

 

Freelancers form a significant portion of the online workforce in our current century. These individuals depend on the internet to find work. There are many freelancer projects that you can find online such as writing, graphic design, programming, and engineering projects. Most freelancer sites are free to join, while others will require you to complete a project or two before being absorbed into their database.

Also, most freelancer sites are bidding platforms, that is, a client posts work, then freelancers with the necessary skills and qualifications will bid for the jobs. The clients then choose the best freelancer and assign him the task. Some freelancer sites are also “take” platforms, that is, a freelancer picks a job at the waiting list and handles it.

Some freelancer sites such as Upwork.com will pay you basing on the hours you take to complete a task. So, if you take longer to complete a task, then you’ll enjoy a higher compensation. There are also milestones on these sites, and most will receive payments on behalf of you from their client and pay it on time. This also helps many freelancers as some clients are unwilling to pay freelancers’ for their job.

In addition, there are companies (e.g. ResumeWriter) that exclusively hire freelancers and will pay you to complete tasks such as writing resumes and cover letters.

 

Thank You :)

 

.