How To Make Money From Home [5 Great Ways To Start Today]
“How to make money from home online” and “how to earn money from home” used to be the biggest search terms in the industry. However, “make money during quarantine” in a matter of just a few months has closed the gap. At this rate, by the end of the year, it will be the most searched keyword in the industry.
You most likely ended up here from searching these keywords yourself. You see I don’t believe in coincidences! You didn’t just happen to stumble upon this article by mere chance.
2020 has taught us all two very valuable lessons. The first is that traditional jobs are not as secure as we originally thought they were. Secondly, the functionality and sustainability of online business especially during times of crisis!
According to a recent article on Forbes, there has been an increase of 146% in online retail orders as of April 21st. In contrast to the typical year-on-year growth of 129%. Moreover, the online conversions jumped to 8.8% which is the kind of conversions you see on cyber Mondays.
The link to the full article on Forbes can be found in the resources section at the end of this article.
If you’re thinking “oh no, not another eCommerce article” put your mind at ease. This is not an eCommerce article. Well, we’re going to bring it up as one of the many options for how to make money from home.
We’ll talk about all the ways you can make money during quarantine from the comfort of your own home. Regardless of your professional background, we’ll discuss options that could work for you. So read on and let’s get you a sustainable income online!
- How To Make Money From Home Online
- 1. Online Freelancing Jobs To Make Money During Quarantine
- 2. How To Make Money From Home Through eCommerce, Drop-Shipping, And Affiliate Marketing
- Conclusion And Additional Resources On How To Make Money From Home:
How To Make Money From Home Online
I prefer a more honest approach to help people with how to make money from home. We’re all different, that’s a fact! We have different jobs, come from different backgrounds, even our academic and professional experience is highly variable. This all means what works for someone doesn’t necessarily mean it would work for you!
This is why I’ll try to cover as much ground here as possible to help you find something that’s right for you. Trust me there is no such thing as the RIGHT WAY or ONLY WAY to earn money from home!
If it was remotely true, you wouldn’t have such diverse success stories all over the web in different industries and niches.
So shall we get to it then?
These are in no specific order of preference in these “how to make money from home” options. I’m just laying it all out for you and it’s up to you which one, or more, you’d like to try out. Before we go on, though! I’d like to set the expectations for this article right.
I didn’t write this with the intention of it being an all-encompassing article. Today, we are having more of a discussion to inspire you with ideas and open up new horizons for you. If you’d like to read more about one or more of the topics in this section, I’ll include links to some of our more detailed articles in each section as we move along.
With that being said, I highly recommend that you do the exercise in the next section first. This is the first time I share this technique.
Plus it’ll help you massively in mapping your path to success with any “how to make money from home online” strategy. Regardless of whether it’s one of the strategies we recommend or someone else’s.
1. Online Freelancing Jobs To Make Money During Quarantine
Do you have a specific set of skills or specialized knowledge that people need?
You would be surprised how much you know or can do that other people need. So how to make money from home, besides the obvious design, development, or marketing skills there is so much demand for almost every skill.
Even your native language can be a sellable skill to the right audience. So let’s do a little exercise before moving on, it’ll help out with many of the following options too.
Grab a paper and pen, or open a new word document. Go ahead, do it now I’ll wait.
The first step in how to make money from home is to start noting down in bullet points everything that you know or are skilled in. Nothing is too silly or worthless and it doesn’t need to be in a specific order at this stage, just more than 10 things.
Later on, it would be wise to rearrange them in order of proficiency, but don’t let that distract you right now. Here are some examples to get your creative juices flowing:
- Great at writing/proofreading
- Speak a language or more fluently
- Know how to plant and maintain a garden
- Well versed in taking care of cats/dogs/birds/etc. and training them.
- Experienced at parenting/raising kids/maternity etc.
- Draw/sketch/paint/sculpt/etc. skillfully
- DIY (do it yourself) anything could be at home, care repair, etc.
- Skilled and Experienced In Project Management
- Very skilled with a particular software
- A wiz with numbers and know accounting/budgeting well
- Know enough about a topic that I can teach it to kids/grown-ups
- Traveled to many places around the world and know quite a few things about these countries
- Have a great eye for photography and snap breathtaking photos.
Prepare the list before you read on, this article isn’t going anywhere anytime soon.
Assuming you have done the exercise, you now have a list of personal resources that can help you how to make money from home.
This is a list of services that you can sell in the form of a service, training video, or whatever. If, the top 10 items on the list include things that someone can benefit from then continue reading this section. Otherwise, jump to the next section.
Still here? Great! Now we need to find a place where we can make money from that skill or knowledge.
To establish that, we need to ask ourselves a few important questions:
- Is this something I can teach by demonstration or theoretically?
- If, the answer to the previous question was a “no”, is it something I can do remotely for a fee? (e.g. accounting, project management, etc.)
- What are the kind of people who need this skill? (e.g. is it a pet owner? Companies? New Mothers? Etc.)
- Where do these people hang out or seek these skills?
Alright so we’ve answered all these questions, how to make money from home now?
If, this is something you can teach then you can do it in one of many ways:
- You could blog about it and make money from ads, affiliate products and merchandise.
- You can teach it on education platforms like Udemy which allow you to sell video courses.
- You can create an ebook about the topic and sell it. You can even embed links to products relating to that topic that earn you a commission for more earnings.
- Create a YouTube channel and teach the topic on it. On YouTube gives you a share of advertisements that appear before, after, or during your videos on their platform. Plus affiliate marketing and selling merchandise is an option like with a blog.
- If you have some knowledge about creating websites, you can create your own online education “academy” about the topic.
- If practical (not everything can be taught by voice) you could create your own podcast. It’s like an online radio program.
- Find marketplaces on google and other search engines where such skills are being sold.
OK but what if my skills are not a teachable skill but can be done remotely? How to make money from home with such a scenario?
In that case, you should take a look at websites like fiverr.com, freelancer.com, peopleperhour.com, upwork.com, iwriter.com, shutterstock.com, etc., and offer up your services and/or photographs on a freelance basis.
If these websites don’t offer the skill you have then type in the skill followed by the words “freelancer marketplace” in any search engine. If you find something suitable then great!
Otherwise, or you can’t offer the service remotely, don’t get discouraged. Let’s take a look at the other options for how to make money from home in this article. Don’t worry, by the time we’re done here you’ll have found some options that could work for you!
2. How To Make Money From Home Through eCommerce, Drop-Shipping, And Affiliate Marketing
2.1 Earn Money From Home With eCommerce
There are plenty of ways how to make money from home by selling stuff online. One of these options is eCommerce. It’s worth noting that the eCommerce we’ll be discussing here is not restricted to the typical idea only.
I like to get creative with how I earn money from home, and it would serve you well if you did too. There is so much competition in pretty much every industry that you can think of. A little creativity can put you miles ahead of the competition.
When most people think about how to make money from home with eCommerce, they think of having their online store. This is not a bad idea and many people are having great success with it. The general premise is simple and the setup is not rocket science.
All you need to earn money from home is to get on Shopify, WordPress with a payment plugin like woo commerce, or use a website builder like Wix or Weebly. The next step is to drive traffic and make sales. This is eCommerce in its simplest form.
To me, eCommerce is selling anything online which includes selling the old stuff you no longer use on eBay.
Which, brings us to the next way eCommerce could help you make money during quarantine.
Creating your own marketplace takes time, effort and money.
This is not only to create but also to generate enough traffic to make an income worthy of saying you earn money from home. Instead, if you take advantage of a website that gets traffic by the millions and billions per month you cut a lot of corners.
Websites like eBay, Amazon, Clickbank, etc. are well-established marketplaces where you can sell stuff on. Selling stuff online is a great way how to make money from home.
If, the marketplace allows you to sell used stuff just pick all the things that are sitting there at home gathering dust, and sell them. Think of it as a big online garage sale to earn money from home.
On the other hand, if you don’t have functioning things that you have no use for anymore, let’s look at this option. How to make money from home with wholesale products? It doesn’t matter what the item is as long as there is demand for it.
You then create a vendor account on a popular marketplace and start selling these products to earn money from home.
Sometimes, you’ll want to ship your products to remote places that you can’t deliver to in person.
In this case, you’ll need a company to handle your shipping and logistics for you. The trick here is to do your research and see how well other similar products are selling and how much are they being sold for. But how to make money from home as a new vendor?
You will need to be competitive in pricing and shipping costs to encourage prospects to buy from you. Alternatively, you could save yourself the trouble and sell digital products. You create a graphics bundle, photograph (stock images) bundle, ebook, software, etc., and sell it.
Another way how to make money from home online, without going through all the trouble of creating your product is PLR products. PLR (private label rights) products are white labeled products.
This means, in most cases, they are products that were created by others who allow you to re-brand them and sell them as your own. I’ve spoken about PLR products in one of my other articles in a little more detail.
If you’d like to take a look at it you can do so by clicking here. In the topic menu just click the PLR section and it’ll send you right to it.
Using PLR is a fantastic way to make money during quarantine. This is because it’s how to make money from home fast, easy, and takes most of the guesswork out of the formula.
2.2 How To Make Money From Home Online Through Drop-Shipping
This is yet another alternative to how to make money from home if you want to break into the eCommerce world but don’t want to deal with the logistics side of it. Drop-shipping got very popular a few years back for a brief while.
Then all of a sudden people stopped talking about it for some reason. I suppose affiliate marketing and network marketing stole its thunder. So what is drop-shipping? Remember how we said earlier that you have to buy products wholesale and sell them then deliver them?
Well with dropshipping you only do the selling part. The product, order fulfillment, and delivery are handled by the drop-shipper themselves. In most cases, even the payment is handled by them and once they are paid they send you the money minus their cut.
This option greatly simplifies the entire ecommerce process.
You just create a Shopify, drag-and-drop builder, or WordPress (woo commerce) store to showcase your products. Then drive traffic and the business from there pretty much runs itself on autopilot. Big giant corporations like Amazon and Alibaba offer such services.
There are so many all over the web that listing them would far exceed the scope of this article. A simple search on Google or your favorite engine would give you an entire list to pick and choose from when figuring out how to make money from home with drop-shipping.
I would like to mention two drop shippers that I’ve personally used for fun. They offer apparel, cushions, and similar products. I might even eventually use them for IEVOLVE WEALTH merchandise at some point. These two are TeeSpring and Gooten.
The problem you may face with drop shipping, though, is your control over the price of the goods you sell.
The drop-shipper will charge you a cost per item. Sometimes you’ll find that even putting a $1 margin will make the price too high for customers to buy. This is why as I always preach, research before you start.
Don’t just jump right in, find out how much similar stuff is being sold for online first. Then study the pricing of the drop-shipper and see if you can still be competitive, if not pick another.
2.3 How To Make Money From Home Using Affiliate Marketing
As far as ease of startup goes affiliate marketing is probably one of the best options. You don’t have to create a product, website, worry about payment processing or order fulfillment. Which, makes it an ideal option to make money during quarantine!
All you ever need to do with affiliate marketing is drive traffic. It is one of the best ways how to make money from home online, ever. Of course, your setup could get much more elaborate.
It all depends on how you want to run the business and what you want to get out of it. If you’d like to learn more about affiliate marketing, I have an entire article spread about affiliate marketing that you can read by clicking here.
For example, you might want to gather Facebook pixel data to lower the cost of advertising through re-targeting. This will require that you create an intermediary page between your traffic source and affiliate sales page.
The setup can be as simple or complex as you want it to be. It could be a simple redirect page with nothing on it, just so the pixel fires as people go to the offer. Alternatively, it could be a full out pre-sales page to qualify your traffic more, and the pixel would fire here too.
Some of you will want to learn how to make money from home by building an email list that they can sell other stuff to. In that case, you could opt for a capture page, where the traffic puts in their email address before they can see the offer.
Taking it a step further you could add one more page between the capture and offer pages.
This is called a Thank You Page (TYP) and on that page, you could easily pre-sell the offer before sending them to it! With that being said, it’s worth noting that just because it’s one of the easiest models doesn’t mean it’s a walk in the park.
Or that you would start today and master the art of how to make money from home and profit tomorrow. That is not the case, we need to be realistic here. Any business whether offline or online will take time, effort, and experience before it can turn a profit!
You could shorten the learning curve by reading articles like these or investing some money in one or more education programs. However, even then you’ll need anywhere between 3 and 12 months to start seeing it take off!
Conclusion And Additional Resources On How To Make Money From Home:
It’s important to understand something. Just because it’s online doesn’t mean that it is not a real business. What applies to any business applies to online ones too. Granted it’s easier to start, has a lower startup cost, and can turn a profit faster, but it won’t be instant.
Would you like to learn more about how to make money from home online with affiliate marketing?
You can check out these other articles on our blog which will give you all the details you need on the topic:
- 5 Easy Ways To Making Money Online
- Ways To Earn Money Fast
- Online Freelancing Jobs [5 Crucial Success Tips]
- 11 Effective Strategies To Make Money From Email Marketing
- Free Website For Affiliate Marketing [9 Effective Techniques]
- High Ticket Affiliate Products [5 Success Tips]
I mentioned earlier some statistics from an article on Forbes. If you’d like to check it out, it’s called “How COVID-19 Is Transforming E-Commerce” just click it and you’ll be sent there. So there you have it, some ideas on how to make money from home online. Now the lockdown is not so bad, is it?
I know countries are opening up, but now that you know how to make money during quarantine you can continue to make it afterward.
That’s all for us today, I’ll see you in the next article. Until then good luck my friend.
Don’t forget to drop me your questions and comments below about how to make money from home so we can connect!