Make Money Online: Six of the Most Reliable Strategies

Job security isn't what it used to be, so the freelance economy is booming.

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Even after you've decided to go down the freelance route though there are plenty of options and it can be hard to determine which are the most reliable strategies to make money online.

However, this article aims to provide some information to point you in the right direction.

1. Online surveys and focus groups

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Online surveys are a favorite way to make money, but it's not the lucrative opportunity that it is often claimed to be. You will have the best chance of success if you sign-up to multiple survey panels and respond to invitations on a regular basis. Be prepared though that most the time the surveys will be long and offer little reward.

The more lucrative opportunities are often focus groups that can take place online or in a facility to which you have to travel. As suggested, you are more likely to be invited to participate in these opportunities by filling out online surveys on a regular basis. However, there are also sites that are dedicated exclusively to focus groups.

2. User testing

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Another option for a similar type of work is user testing. Many brands want feedback on their website or app either before they launch it or merely to make improvements. Therefore, you can sign-up on these sites to complete tests for clients.

The work usually involves visiting a website and completing various tasks as you speak your thoughts aloud. Screen and voice recording software then compiles a report to be sent to the client. Sometimes you may be recorded by your webcam instead.
In comparison to online surveys, the payment tends to be better given the time it takes to complete a test. The downside is this is a very competitive type of work, so you have to be quick in responding to invites. Therefore, this type of work suits those that have constant access to their email and a flexible schedule.

3. Start a website or business

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Another option is to take things into your own hands by creating an income stream. Starting a site is relatively cheap and easy to do. The only real costs involved will be for the domain name and hosting charges. However, making money out of the venture is more difficult, and it's important to think about how you will create your revenue.

That may be easier for some people than others. For example, it depends whether you have a product or service to sell. Of course, online advertising is another option, but keep in mind those rates will be low unless you can get high web traffic. Starting a website or business is an option, but it may take some time before you see a decent return regarding revenue.

4. Become an eBay or Amazon seller

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As mentioned, starting your own website or business is an option. It may be, however, that you aren't ready to take the plunge yet, especially if you lack experience as a seller. Therefore, another option is to test the waters as a seller on eBay or Amazon. Again, this is only really suitable for those that have a tangible product to sell.

It's also possible that you may have some stuff to sell that you don't need anymore but a longer-term business opportunity means you will need to acquire new things. There are different ways to be an eBay or Amazon seller though, and it's certainly an option. If you can gain a decent reputation, then you can try your hand on your site.

5. Consider being a YouTube star

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The digital world means that many people are now becoming digital content creators. YouTube is one of the best platforms to create a substantial audience, and there is an opportunity to earn through ads that appear in your videos. This opportunity is similar to building your website for the expected earnings.

YouTube can be reasonably lucrative for those who can build a big audience through subscribers and views on videos. The problem is that only relates to a relatively small number of video creators that use the platform. Therefore, YouTube is just something you have to try, and it won't be a reliable way to make money for everyone.

6. Be a freelancer

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There are some different ways to be a freelancer these days. There are many sites with available opportunities, depending on what you are seeking. For example, you can bid for work, respond to requests, start a gig or list your work for sale.

The term freelancer is used loosely here, and it's important to consider your area of expertise. After all, the type of freelancer that you are may determine which sites and platforms are suitable for you. Freelancing can be used in conjunction with some of the other points in this article as well.

Making money online is always a hot topic, but with so many schemes out there, it can be hard to decide which ventures are worth investigating. There are also various scams to be careful of that claim to make you rich. Remember that some of the more reliable ways to make money online include online surveys or user testing; starting a website or selling on eBay/Amazon; or becoming a YouTube star or a freelancer. Even in these fields, there are claims for easy, fast cash but remember any successful work from home opportunity will take both time and hard work.

Make Money Online