How Can I Earn Money By Working From Home?
There is a massive rise in people buying things online thanks to the global pandemic. Therefore there are many new opportunities for online home businesses. Now is the perfect time to start your side hustle and turn it into a sustainable way of making money. So, in this post, I am going to answer the question of “How Can I Earn Money By Working From Home?”.
In this post you will learn about some tried and tested ways that I and other people earn money by working from home.
Affiliate marketing is a way to make money at any time and from anywhere. Affiliate marketing is a popular way for businesses to make more sales from other people promoting their products and services.
How Does It Work?
As an affiliate marketer, you will earn a commission for sales that you generate for other people. The process starts with your niche website, which you will base around an interest you have, like a sport, hobby or aspect of life. You post regular content on that website in the form of blogs, reviews, buyer’s guides etc. that promotes products and services.
To make money, you will join affiliate programs for the products and services you want to promote. These programs give you the ability to place unique affiliate links into your content. When someone clicks on the link, it will seamlessly take them to the website where they can buy the product or service. However, this link tracks the sale and rewards you for it with a percentage of the sales price.
How Do You Attract People To Your Website?
You will create your content in a way that it will attract people to your website organically. To attract organic traffic to your website you need to base your content on things that people are searching for online. For example, if you your website is in the pet niche, you will write a piece of content that will solve a common problem, such as what fish tank to buy or how to choose the best dog harness for a Husky.
To understand what people are searching for within your niche, you need to do some keyword research. If you just start writing about thing you think people are searching for, you will just be hoping that you get it right.
How Much Money Can You Make Affiliate Marketing?
When It comes to earning money from affiliate marketing, the sky is the limit. But, it all depends on what niche you choose, how hard you work, the products and services you promote and a little luck.
But, if you get it right, you can make some serious cash. It is totally realistic to earn $30 per sale, now check out the infographic below to see what that amounts to.
As you can see, affiliate marketing has lots of earning potential. Now imagine that you have a website full of content promoting products and services 24/4 that people can buy from all over the world. Now imagine having more than one website!
For more in-depth detail on how it works, check out my post how can I make money from affiliate marketing?
Dropshipping is become more popular, as the business model benefits everyone involved. Dropshipping is a low cost business to start from home that allows you to sell products without buying them first, packing them up and shipping them yourself. In fact, you never actually see the product.
How Does It Work?
You start by building an online store, which is very easy with platforms such as Shopify. You need to base your online store on a niche, such as a pet supplies, toys, exercise clothing etc.
When somebody buys a product from your store, you place the order with your supplier. Your supplier will then package it up and send it to your customer.
How Do You Attract People To Your Website?
The tricky part is to get people to visit your website. Dropshipping is different from affiliate marketing, as success relies on paid adverts on social media. You must target the right audience for your adverts, this is much easier than it used to be, but there is a lot of trial and error to it.
When testing products and targeted adverts, you will probably make a loss. But, while you are doing this, you are gathering valuable data about what works and what doesn’t. To reduce the risk, you can start with a daily budget of $5 and increase it when you begin to see some success. Successful dropshippers spend thousands of dollars every week.
How Much Money Can You Make Dropshipping?
The amount of money you can make can be astronomical. But the trial and error part will make you think otherwise.
Someone I know started a drop shipping business, selling binoculars. Unfortunately, he spent $1,500 and only sold one pair. But, his friend sold novelty teacups and made $1,000,000 in 9 months. The key is to be persistent and patient until you get your marketing right.
For more information, check out my post on how to start a drop shipping business.
Freelancing allows you to earn money from home using the skills you have, or skills that you want to have. Working as a freelancer, you can take care of things that people can’t do themselves. For example, I do a lot of freelance writing, such as blogs and other types of online content.
How Does It Work?
You can find businesses that you want to work with and contact them to offer them your services. This method won’t work for all freelancers, but it certainly does for blog writers. I have found that freelancing websites like Fiverr are excellent for getting work as a freelancer.
If you create a Fiverr account, you can expect extremely varied work, especially as a writer. Examples of writing jobs I have had recently have been about electric scooters, hybrid bikes, road bike clothing brands, wakeboarding kitesurfing, scaling a home business, marketing yourself as a speaker and condoms for her pleasure!
Don’t worry if you know nothing about the subjects you get jobs for, as you will soon learn from a bit of internet research.
A handy tool I use is Grammarly; this helps with spelling and grammar. It even comes up with alternative suggestions for specific phrases to improve your writing. Therefore, you don’t need to be a perfect wordsmith to write.
But, you may not be a writer. You can freelance for pretty much anything, from graphic design, voiceovers, website design, coding etc.
How Do You Get Customers?
As I mentioned earlier, you can approach businesses and offer your services. But, Fiverr is a more efficient way of getting work. The key is to make your profile as attractive as possible, with quality photos that show your face, engaging descriptions of your services and looking as professional as possible.
You will see other freelancers using bright colours and awful photos, and these look cheesy and unprofessional. Once I got my profile and pricing dialled in, people started to contact me to write for them. Now I have a few regular customers, and a few random ones pop up most weeks now.
How Much Money Can You Make Freelancing?
The amount of money you can make as a freelance all depends on what you are offering, how much you charge, how hard you work and how well you market yourself. With Fiverr, many people offer their services for $5 to start with and increase it as they become more established. I found that this didn’t work for me, as it didn’t seem worth it and maybe people didn’t take me seriously. But, when I increased what I was charging, I started getting some work.
People are doing very well for themselves on Fiverr, and there are even Fiverr millionaires.
What Is It Like To Earn Money By Working From Home?
I love the fact that I can choose when I work. This freedom means I can enjoy my life and get things done when they need to. If I have to work late at night, so be it. But, on these days it is usually because I have been mountain biking or snowboarding all day.
I need to make sure I am productive enough to make sure my websites are all up to date, and I meet my client’s deadlines. But, I love the flexibility that working from home gives me.
The other great thing about having fingers in different pies is that I have more than one source of income. If one is struggling, I can alter where I put my efforts to get it working again or abandon it and start a new one.
Working from home for yourself requires lots of discipline and patience. You will not get rich overnight, no matter what the gurus say. You need to be consistent and hard working.
How Are You Going To Earn Money By Working From Home?
Now is the time to get started on your home business. Choose one of these, work hard and enjoy the benefits. Which one will you choose? Let me know your thoughts and questions in the comments section below.