Monetize a hobby. While some hobbies actually cost money, others can be transformed into a profitable business venture. Ultimately, it depends on what your hobby is and how talented you are. You could turn your love of photography, for example, into a part-time gig taking family portraits and wedding photos or selling prints on Etsy or at arts fairs.
Selling digital products can be just as successful as selling physical products. Graphics, software, eBooks, design elements, sound effects, songs, and videos are just a few types of digital products that are in popular demand. So if you can turn your hand to creating digital products, let’s have a look at how you can make money online from this skill…
“My favorite tip for making money online is to invest time in building up passive income. This is something I was skeptical about at first — until I became a blogger. Passive income is great because in many cases, it really is a matter of doing the work once and getting paid over and over. While blogging is hard work in terms of keeping fresh content on your site, doing social media, email marketing, and so forth, I have blog posts I wrote in 2010 that still earn me income through ads and affiliates.
Robo-advisors are diversified investment accounts that are automatically managed by a computer algorithm (as opposed to a human money manager). If you want to invest, but don’t have the money, or don’t want to invest with a money manager, robo-advisors are for you! Robo-advisors make investing easier—and cheaper—so they’re perfect for new investors.