Start Generating An Online Income Using These Technologies And Platforms

The pandemic has opened our eyes to exactly how unsafe traditional employment is. As the US unemployment rate rises to an all-time high, many people are looking for ways to generate another source of income to depend upon.

Thankfully, there is a wealth of information on the subject that is accessible for free on the web. However, a high percentage of this information is aimed at scamming desperate people out of the little money they have left.

If you have come across the latter a lot, don't worry, you have finally come to the right place. 

In this article, we will talk about the three technologies that you can use to create your own online stream of income.

Let's see what these are:

Elearning Technology
A lot of people are utilising all the free time they have as a result of staying indoors to learn new skills. While it's a great thing for them, it is even better news for those that have skills that can be taught.

If you too, possess a skill that you can teach to others, you can potentially turn it into a stream of income. Coaching/mentoring is the hottest new trend in the online landscape and this is the perfect time to jump on the bandwagon.

With authoring tools for elearning and learning management tools, you can create interactive training experiences and share them with your future students effortlessly. These tools come loaded with drag-and-drop functionalities and simplified user interfaces that allow anyone to create, share, and manage an engaging training experience, even if they have no prior experience.

Sure, in the beginning, there is a learning curve involved, but in the longer run, an online coaching business can be easily turned into a passive source of income that only requires a few hours of your time during a week. However, there is a considerable amount of work to be done before you take your business to that stage.

If you have a skill worth teaching, the work involved in this endeavour is definitely justified by the expected returns.

Ecommerce Technology
Another extremely popular way of making money online has been through ecommerce stores. With technologies like Shopify and WooCommerce, creating an appealing online store is an effortless task.

Moreover, with websites like AliExpress, you can find and ship products without having to purchase in bulk. This means, you only pay for a product when someone has placed an order on your store.

This model of e-commerce is called the dropshipping model and is an immensely popular way to make money on the web.

To drive sales, you can depend on social media and search engine marketing, or can simply spread the word in your own personal network.

Peer-To-Peer Freelancing Platforms
The previous two technologies require a bit of an upfront investment. However, if you are not ready for the same, freelancing is a great option.

These days, hiring freelancers is a growing trend among businesses from various industries. If you have a skill that you can offer to such businesses, like marketing, copywriting, graphic designing, sales, website development, or data entry (among thousands others), you can use it to become a freelancer. 

Simply go on freelance platforms like Fiverr and Upwork and create a free profile, describe what you do, and start applying for projects posted by other users!

Besides these platforms, there are many that cater to specific skill sets like software development (Toptal.com). Such websites pay much better than their generic counterparts and the competition is also much less.

Conclusion
As you can see, there is no dearth of ways to make money on the web. However, if any article/video tells you there is no hard work involved, they are probably trying to scam you. So if you are ready to put in some real work to earn money, the above-mentioned strategies are perfect for you.

Which one will you be using? Share with us in the comment section!