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Legit Ways to Make Money


Best Ways to Make Money from Home (Legitimate)

With job postings still scarce, job security dissipating, and wages seemingly stagnant at best, many people are trying to establish some security by creating multiple streams of income. It’s a smart strategy, but if you have trouble leaving your home or primary position to get to a second job, you’ll find yourself frustrated and stressed out.

Perhaps you’re raising kids and you’re committed to not using daycare. Maybe you’re a little older and can’t commit to a full-time job. Or you might be injured or disabled, making it difficult for you to leave your home each day. Whatever your reason is, if you’re stuck at home most of the day, you’ve probably thought about the income you could be making by taking a work-from-home job or running your own business.



Legitimate Ways to Make Money from Home

Let’s look at a few real ways you can work from your home and make the extra cash that you and your family need.



Start an E-Commerce Business
Much like starting any business, learning how to start an e-commerce business isn't always easy — but setting up, launching and maintaining sites where entrepreneurs, designers, and creators of all sorts can sell their wares is more attainable now than ever.

Ecommerce businesses — which are businesses that transmit goods, services, and funds over the internet — vary in size and scope, from retail behemoths like Amazon to Etsy craft sites. Online shopping is just one of many areas that have seen extensive growth over the past five years. According to a report from the U.S. Census Bureau, in the third quarter of 2019 alone, U.S. e-commerce sales amounted to approximately $154.5 billion, accounting for 11.2% of all retail sales in the nation.

Depending on your goals, it might make sense to start an e-commerce business. After all, without the need for a brick-and-mortar location, e-commerce businesses offer greater flexibility, affordability, and opportunity for many entrepreneurs.



Sell Your Unwanted Stuff

Before you really roll up your sleeves and monetize your personal or professional skills, why not right-size your life? Selling your unwanted stuff is a great way to downsize and declutter your life while earning some income on the side. If you’re transitioning to full-time work-at-home status, that income could provide a critical boost to your plans for a proper home office, or allow you to maintain your lifestyle during lean times without resorting to voluntary simplicity.

One of the best places to sell unwanted personal possessions is Declutter, a website that buys used items directly from consumers. Unlike trade-in marketplaces such as Gazelle and auction websites such as eBay, Declutter doesn’t act as a middleman between buyers and sellers. Rather, it’s best understood as a bulk buyer: an enterprise with pockets and an unsatiable appetite for used consumer products.

Declutter specializes in entertainment (digital and analog) and consumer technology: books, DVDs, CDs, Blu-rays, games, tablets, laptops, smartphones. That makes it an excellent choice for folks looking to reuse and recycle technology products and reduce electronic waste, which is particularly damaging to the environment and human health.



Sell Your Words

I may as well start with something I know well. When I started out as a freelance writer 20 years ago, things were very different. I wrote mostly for magazines, and I had to rely on snail mail to send out drafts and queries. I’d wait weeks for a response from my editors. Not many people had the patience for it, and few stuck around long enough to ever start earning a real income from it.

But the Internet has changed everything. Today, you can decide to become a freelance writer and, if you’re fortunate, get an assignment that very same day. Obviously, the better your skills and training are, the better your projects and freelance writing rates will be.

Today’s freelance writers can choose from a variety of markets. You can write for magazines, either online or in print. You can blog by setting up your own site, or by writing for someone else’s. The market for new articles on the Internet is vast, and there’s plenty of work to go around.



Start Investing

If you’re not investing, you’re missing out on some serious income. The typical online savings account gives you anywhere from a 1% to 2% return on your money; by contrast, the stock market has returned an average of nearly 10% over the past century.

While it’s important to have your emergency fund in a high-yield savings account, you’re missing out if you’re not investing the rest. By opening an investment account with a broker such as Ally Invest, you’ll allow yourself to earn a much higher income each year.

Make sure your investment portfolio is well-diversified. This means you should invest in both stocks and bonds as well as different sectors like technology, banks, and consumer goods. Also, consider alternative investments. Masterworks gives investors the opportunity to invest in fine art, which has outperformed the S&P 500 by more than 250% since years.

One fast-growing investment trend is micro-investing. Micro-investing helps you get into the market at a much lower entry point. Investing apps such as Acorns round up every purchase you make and invest the difference, and you can choose a portfolio that matches your risk tolerance. Sign up for Acorns and receive a $5 bonus.



Start Taking Paid Surveys Online

Paid surveys won’t replace your full-time income, but they are a great way to earn some extra cash on the side. Depending on how many companies you choose to work with and how many surveys you take each day, month, year, you could make hundreds of dollars.

The best part is that you can complete surveys almost anytime. Take them while you’re watching TV or waiting at the doctor’s office. If you use public transportation to get to and from work, take a survey while you’re sitting on the train or bus.

If you want to increase your earning potential, it’s best to sign up for several survey companies instead of picking one. Most survey companies will even give you a small bonus just for signing up.

  • Survey Junkie
  • Swagbucks
  • EarningStation



Sell Your Knowledge

Another great way to earn money from your home office is to sell your skills or knowledge by teaching classes through Udemy or Coursera. For instance, if you’re an exercise guru, you might start an exercise class in a large spacious area in your home. People are willing to pay to learn about many fields of knowledge, from cooking and gardening to soap or candle making. Playing a musical instrumentchild birthing, dancing, dog training, yoga, and even foreign languages are all great topics for expert classes.

The key is to make the class sound unique and irresistible. Don’t just teach a cooking class; come up with specialty cooking classes. You might teach a class on how to make artesian breads, or cinnamon rolls that rival Cinnabon. The possibilities are endless, and if you consistently offer educational and fun classes, you’ll have people signing up over and over again.



Start a Affiliate Blog or YouTube Video

If you love to write, freelance writing isn’t the only way to make money from home. You can also start your own blog via YouTube. Do you have something that you’re passionate about? Maybe it’s healthy cooking, fashion, even homebrewing beer or create passive YouTube Channel. If so, you can start a blog to share your knowledge and expertise with others.

Starting a blog is simple. You can get a free domain name from Bluehost when you sign up for one of their hosting packages.

The best part about starting a blog is that it can lead to a sizeable income. It takes a lot of work and dedication, but it’s possible. There are a lot of bloggers who make five or six figures each month. Sounds pretty good, doesn’t it? To make this happen, you’ll need to understand how to reliably (and efficiently) monetize your blog. This article from DollarSprout has some great tips.



Sell Your Creativity

If you have a knack for creating beautiful things, then you were born at the right time to make some serious income from home. The growing trend for vintage and homemade products shows no signs of stopping. Plus, the Internet is chock full of well-known outlets for such wares.

Etsy, for example, is one of the fastest growing sites that gives artists a chance to sell items at a fair price. The site boasts over 40 categories, from gifts to clothes to edibles, with thousands of listings. And the price is right; you can get your own site connected to Etsy for just 20 cents per listing.



Sell Your Handiwork

If you have sewing skills, you have a wide range of options. Just think for a moment about everything service you can provide if you have those skills. You can do alterations and design, and you can make wedding clothes, custom-fit clothes, and special attire.

You can make totes and bags, custom bedding, draperies, and upholstery cushions. You can go so far as to sew the special canvas cushions needed for boats and yachts, or commercial needs like booth and chair cushions.




Amazon Affiliate Program via YouTube

If you are serious about earning a living from YouTube, then you are likely to treat your channel like a business. If you are following the business advice of the infamous Warren Buffet, and we strongly encourage you to do so, then you are diversifying your revenue streams as you grow your channel. 

Traditionally, there are five revenue models for YouTubers - ads, sponsorship, patronage, directly selling something/merch, and affiliate. Each has their pros and cons and have different times in a YouTuber’s channel’s maturation where they make the most sense. However, most financially savvy creatives use some combination of all of them. 

While affiliate can be incredibly lucrative for mid and late-stage channels, it’s also one revenue model that can be used from the very beginning of starting your channel. Your very first videos can include affiliate links. Further, implementing, and having an understanding of how your channel converts, via affiliate, can be incredibly important in negotiating your first sponsorship deals as well, as it provides a realistic baseline of your channel’s value at a given point in time.