How to Make Money Online Without Any Investment

how-to-make-money-online-without-investment
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Probably you dream of finding a way to make money online, grow a passive income, leave your boring 9-5 job and spend more time with your family.

I bet you have seen many ads online claiming that you can make $100 or more doing simple things like filling out surveys or sending emails. If you have been duped into such things before, then there is nothing to be ashamed of. Many people get scammed and go on to build a successful online business.

There are many legit ways to make money online without paying anything, regardless of your age or skills. You can build multiple streams of passive income through these methods and gain financial freedom.

Even though these methods of making money online may require effort and much time in the beginning, the results of your hard work will be tremendous. Apart from increased income, you will be able to travel the world and spend more time with your family.

Let’s dive into the legitimate ways to make money online without any investment.

1. Make money online writing content

Are you a good writer who is familiar with English grammar? Then you can get paid to write articles, case studies, and ebooks for companies.

Companies own websites, and they need people who can write content about their products to help them achieve their business goals online.

Even though writing content may seem tedious because it requires research, the upside is that pay is immediate and stable.

To get started as a content writer, you can register on websites that bring together writers and people who are looking for writing services. Examples of such sites include:

These freelance websites require you to bid for a job by sending a cover letter. You set your pay rate and convince the client that you can deliver a high-quality project. If you are chosen, then the owner of the job posting will contact you to discuss the details of the job, including topics of the content and the period it will take.

The advantage of working as a content writer on such platforms is that jobs are always available, and you are assured of getting paid if you offered a service. The only thing you need to master is writing compelling cover letters that potential employers find irresistible. There are plenty of resources on Youtube that can guide you on this issue.

2. Start Blogging on Medium.com

Apart from high authority websites such as Forbes and Huffington Post, Medium.com is the best place to write online.

Image showing home page for Medium.com

If you want to make money online, then you need to be posting regularly on Medium.com. It is a platform where you can create an account and write articles on various topics.

On Medium.com, you have an audience of about 100 million readers waiting to go through your informative articles. While with a new website, you will have to invest much money in advertising your content to drive traffic to your site.

Even better, you get paid depending on the number of views your article gets per month through a paid program on Medium.com.

Becoming successful on Medium.com isn’t about cracking some algorithm or writing about some trends. It’s about consistently producing quality content that improves the lives of your readers.

Start by publishing around 2-3 articles every week. Find a publication in your niche where you can submit some pieces of your work. Grow your audience, and the money will come. Here are more simple strategies that will work on Medium.com.

3. Start a YouTube Channel

According to research conducted by Oberlo, every person spends at least 8.4 minutes per day on YouTube. These statistics prove that people prefer consuming video content compared to written content like blog posts and guides.

People are making millions through YouTube Channels. It is a simple process that involves uploading high-quality videos that consumers will love and share with their friends.

There are two kinds of people who successfully grow their YouTube Channel. They are either those who upload funny videos that consumers like or those who upload educational content that trains people on how to master a skill or solve a problem.

If you want to grow your audience on YouTube, you need to:

  • Choose a niche that solves a specific problem.
  • Post consistently. Probably at least three videos per week when starting.
  • Post-high-quality videos that viewers will love. The quality of your voice should be perfect. You also don’t have to show your face unless you want to.

You don’t have to invest in an expensive camera to create high-quality videos. Even with your smartphone, you can record excellent clips that viewers can use. The key is in editing the videos. Get very good at editing or pay someone to do it for you.

4. Make money writing an ebook

Do you have a topic that you are passionate about? Then you can write books about it and sell them on Amazon.com. Even better, you can become a ghostwriter and get paid by somebody to write an ebook on a particular topic.

Most companies always want to create guides and whitepapers about their existing and new products. Through writing platforms and cold pitching, you can land high-paying gigs to write such guides and ebooks.

Image showing Kindle Books Page on Amazon.com

Amazon Kindle Publishing is a program that helps you sell your book online by charging a commission for every sale: you keep 70% of the money from every sale on Amazon.com. The good news is that you can sell as many copies because it is an automated process. It is the perfect way to earn a passive income.

5. Become a social media influencer

You can earn money through Instagram, Facebook and Twitter when you have many followers. Brands nowadays pay people with many followers on their social media accounts to advertise their products.

To become a social media influencer, you need to regularly produce high-quality content that makes people follow you. Before brands do business with you, they will also consider the engagement rate you have with your followers. For example, do they respond to your photos or texts?

There are numerous ways to make money as a social media influencer:

  • Social media sponsored posts - Here, brands and marketers pay you to create a social media post about a product. You can review the product or write an informational post.
  • Promote your products - You can take advantage of your followers and advertise your products to them. Even though this strategy may require some investment, it will pay off in the long run.
  • Become an affiliate marketer -Here companies will offer a commission for every potential client that visits their website or buys a product after clicking a link from your social media post. Affiliate marketing can make you money if you know how to engage your followers by creating irresistible posts.

Want to become a social media influencer? Then here is a link to a guide by Hootsuite.com on how to successfully build a huge following that brands will pay you for.

Conclusion

There are many ways to make money online without any investment. You can become a content writer, start blogging on Medium.com, start a YouTube channel or become a social media influencer.

Making money online is an excellent way to have an extra stream of income. Choose one of these proven ideas and begin immediately! Remember, to succeed in any of these ideas, you will have to work hard and spend more time mastering them, but the results of your efforts will be limitless! Good luck!