5 Exceptional Ways to Make Money Online

Imagine waking up every morning and checking your bank account to see how much money you made while you were sleeping. Imagine having the freedom and flexibility to work from anywhere in the world, at any time of the day, on something that you are passionate about. Now, imagine being your own boss and setting your own goals and schedule.

Seems too good to be true, right?

Surprisingly though, this is not a fantasy, but a reality for many people who make money online in the current year.

Regardless of whether you want to earn from a skill or from what you studied at the university, there are endless opportunities for you to earn money from the comfort of your home or anywhere else.

Literally speaking, you can make money online by selling products and services, creating content and sharing your knowledge, completing tasks and surveys, and more.

That’s however not to say that making money online is easy, it is not, but it is possible and rewarding if you know how to do it right.

In this article, I will show you 5 ways to make money online in 2024 that are suitable for beginners and experts alike.

These methods are: –

• Start a blog
• Sell your skills on freelancing platforms
• Create and sell digital products
• Start an e-commerce store
• Become an influencer
• Start a podcast
• Teach online courses
• Join affiliate marketing programs
• Participate in online surveys and tasks
• Trade cryptocurrencies

1. Start a blog

One of the most popular and profitable ways to make money online in 2023 is to start a blog.

And what is a blog you ask?

A blog is a website where you can write about anything that interests you, such as your hobbies, passions, opinions, experiences, or expertise.

According to the Web Tribunal, the Internet already has over 600 million blogs worldwide, and this number is expected to grow in the coming years.

Does that then mean that the blogging industry is saturated?

No, it is not. As long as you pick a niche that’s not competitive, write consistently, and take advantage of all the ways available to monetize your blog, you will make money with the rest.

And how does a blogger make money?

You can make money from blogging by displaying ads on your site and promoting products or services that you use or recommend.

If you have the muscle, you can also create and sell your own products or services, accept donations or sponsorships, and/or offer consulting or coaching services.

In the end, you should make any amount of money you want from blogging. The only contingencies are to get your niche right and grow a good audience size, command quality traffic, have a good monetization strategy, and produce quality content.

How to start a blog that makes money

To start a blog, you need a domain name (this is your website address, for example, mine is www.joon.co.ke),

Once you have registered a domain name, you will need a web hosting service (where your website files are stored), and a blogging platform (such as WordPress).

I recommend using Cloudways. It has more stable servers than the cheap local servers preferred by beginning bloggers.

And also don’t forget the need to create valuable and engaging content that attracts and retains your readers.

All said blogging requires patience and consistency, but it can be very rewarding in the long run.

2. Sell your skills on freelancing platforms

Another way to make money online in 2024 is to sell your skills on freelancing platforms.

And what is freelancing you ask?

Freelancing is when you work as an independent contractor for different clients on various projects.

Choosing to work as a freelancer means you can offer any skill that you have or you can opt to learn new ones, such as writing, graphic design, web development, video editing, translation, transcription, data entry, virtual assistance, and more.

But is freelancing a popular way to make money online?

According to Exploding Topics, a global company that helps other companies find exploding trends before they take off, there are over 73 million freelancers in the US alone in 2024, and this number is expected to increase as the years go by.

That goes to show that freelancing is rewarding because why else would 73 million people want to work independently if it did not pay?

My reiteration, freelancing can be a great way to earn money from home or anywhere else, work on flexible hours and projects that suit your preferences and skills, and diversify your income sources.

But how easy is it to get started and make money as a freelancer in 2024?

You can start and make money from freelancing by creating an attractive profile on freelancing platforms (such as Upwork, Fiverr, Freelancer.com)

When your account is all set up, start bidding on projects that match your skills and rates, delivering high-quality work on time and within budget, and building long-term relationships with your clients.

If you do this right, your freelancing career will pay off sooner than you can say, Jack Ryan.

And whether you start making money now, or if it takes time to see the first dime from your freelancing career, remember the amount of money you can make from freelancing depends on your skill level, experience, portfolio, reputation, demand, and competition.

If you do not make any money sooner, start marketing your skills, buy the equipment needed to do your work, and have a professional attitude and communication skills, and a willingness to learn and improve.

Freelancing can be challenging and competitive, but it can also be very rewarding and fulfilling.

3. Create and sell digital products

A third way to make money online in 2024 is to create and sell digital products.

And what might these digital products be?

Digital products are any products that can be delivered electronically, such as e-books, courses, software, apps, games, music, videos, podcasts, art, photos, and more.

According to Yahoo Finance, the global digital content market industry is expected to increase at a compound annual growth rate (CAGR) of 6.30% between 2024 and 2032, from USD 173.2 billion in 2024 to USD 282.3 billion by 2032.

This goes to show that the digital content industry is growing steadily and has more potential for people seeking to make money online.

How to make money creating and selling digital products in 2024.

You can make money from creating and selling digital products by: –

• Choosing a profitable niche and product idea
• Creating a high-quality product that solves a problem or provides value to your target audience
• Marketing your product through various channels (such as your website, blog, social media, email list, etc.)
• And delivering your product through a secure platform (such as Gumroad, Teachable, Shopify, etc.).

The amount of money you can make from creating and selling digital products will depend on your product quality, price, demand, competition, and marketing strategy.

To create and sell digital products, you need to have: –

• A unique and valuable product idea
• Skills or expertise in your niche
• A platform or tool to create your product
• A platform or tool to sell your product
• And a strategy to promote your product.

If there is anything I have learned throughout my digital content creation career though, then it is that creating and selling digital products can be challenging and time-consuming, but it can also be very rewarding and scalable.

4. Start an e-commerce store

And what is an eCommerce store you ask?

An e-commerce store is a website where you can sell physical or digital products online. You can either create your own products or source them from other suppliers.

According to Shopify, the global e-commerce market is expected to total $6.3 trillion in 2024.

This shows that more and more people are beginning to conform to the new normal which is, shopping online.

That said, starting an e-commerce store will help you reach a large and global customer base and generate substantial income.

How to start an e-commerce store that makes money.

Like all the other online and offline businesses, you will need to choose a profitable niche and product idea.

When done, create and/or source high-quality products that meet your customer’s needs and expectations.

Next, set up an attractive and user-friendly website using an e-commerce platform (such as Shopify, WooCommerce, Magento, etc.)

Last, you must market your store through various channels (such as SEO, social media, email marketing, etc.), and fulfilling your orders through a reliable shipping service or drop shipping method.

If this is done well then the amount of money you can make from starting an e-commerce store can be massive.

5. Start a Podcast

What is a podcast though?

A podcast is an audio show that you can listen to on your computer, smartphone, or any other device that supports audio playback.

Good podcasts usually consist of episodes that are released regularly (daily, weekly, monthly, etc.) and that cover a specific topic or niche.

You can create a podcast about anything that interests you or that you are passionate about, such as music, comedy, politics, education, etc.

How to start a podcast that makes money

1. Buy a microphone (the device that captures your voice)
2. Buy recording software (the software that allows you to record and edit your audio).
3. Get a hosting service (the place where your podcast files are stored and distributed).

One of the most popular podcast hosting services is Anchor.fm (a free platform that allows you to create and distribute your podcast)

Buzzsprout.com is also another good platform. Then there is Podbean.com and others.

In order to make money from your podcast, you will need to attract listeners who are interested in your topic or niche.

You can attract podcast listeners by creating high-quality content that provides value to your listeners.

Other ways of promoting a podcast include: –

• Optimizing your podcast for search engines and directories (SEO)
• Promoting your podcast on social media platforms (Facebook, Twitter, Instagram, etc.)
• Networking with other podcasters and influencers in your niche, etc.

Once you have a steady stream of listeners to your podcast, you can monetize it in various ways:

Advertising – insert ads on your podcast from ad networks such as Podcorn.com, Advertisecast.com, Podgo.co, etc.

You will earn money every time someone listens to an ad on your podcast.

Affiliate Marketing – promote products or services from other companies or individuals that are relevant to your niche or topic on your podcast.

You can do this by mentioning or reviewing their products or services, sharing their stories or messages, offering discounts or coupons, etc.

You will earn a commission every time someone buys something through your promo code.

Sponsored Episodes – make money with podcasts by creating episodes or segments on your podcast that are sponsored by brands or companies that want to reach your audience.

Do this by mentioning or reviewing their products or services, sharing their stories or messages, hosting giveaways or contests, etc.

You will earn a fee for each sponsored episode that you publish on your podcast.

Conclusion

Making money online in 2024 is not only possible but also profitable and rewarding. You can choose from a variety of ways to earn money online, depending on your skills, interests, goals, and resources.

In this article, I have shared with you 5 ways to make money online in 2024 that are proven, legitimate, and profitable.

Whether you want to make money online as a side hustle, a full-time career, or a passive income source, there is a way for you to do it.

As you may have learned from this post, all you need is a computer, a smartphone, an internet connection, and a willingness to learn and work hard.

I hope you have enjoyed reading this article and found it useful.

If you have any questions or feedback, please feel free to leave a comment below. Thank you for your time and attention. I wish you all the best in your online journey in 2024.