How to Earn Money from an Online Business – News from Wales

The cost-of-living crisis is leading a lot of people to start thinking about ways they can increase their income. Online business is a great way to earn extra money, as they can often be launched without a large amount of capital, and you can usually work from home around your current commitments. This article will give you some ideas for easy to launch online businesses.

Online Gaming/Betting

Online gaming and betting, whilst not a traditional business opportunity, is potentially a way to make money online if you are disciplined and follow a plan.

It sounds odd, but if you spend time signing up for free casino bonuses, this is essentially an opportunity to win money with no risk to yourself, so this is a no risk online gaming plan. You can utilise sites like bonusfinder.co.uk to help you find these lucrative little bonuses.

In addition, you can look into things like matched betting, which is a bet you cannot lose. It takes advantage of free bonuses and different odds to produce earnings. The downside of it is that the deals can take a while to research, so you have to decide if you can commit that time.

Forex Trading

Forex trading is a way of making money online when one currency changes in value against another. You can trade 24 hours a day Monday to Thursday and until 10 pm on a Friday when the markets close, so it is extremely flexible for those with other commitments.

You can also start with as much or as little investment as you wish, so it’s a great way to get involved in an online business and is also a lot of fun.

The downside is that there is a learning curve involved with trading, and you do really need to spend a few weeks to months learning and then trading a demo account to get consistency before you trade real money on a live account.

Amazon

There are multiple ways to make money with Amazon. The platform is, after all, a giant in the online space, and there are probably some ways to make money with the eCommerce giant you didn’t even know existed.

FBA

FBA stands for Fulfilment by Amazon. It is essentially the process of you selling on Amazon (and other platforms); however, instead of you holding and shipping stock yourself, you buy it and send it to Amazon and they deal with the shipping and customer service on their behalf.

The benefits of this are that it is totally flexible for you; you don’t have to worry about customers complaining or standing in queues at the post office; and once your stock is shipped, you are free to do your own thing. This is perfect if you have a job in addition to your new online business.

Kindle Publishing

If you are a good writer, you can self-publish books on Amazon Kindle (and create paperbacks there too.) There is something very satisfying about having a book published. But even if you’re not a writer, many people take advantage of Kindle by hiring ghost writers. This business model is cheap to start and you can earn money within 24 hours after publication.

Audible

There are two ways to make money on Audible: the first is linked to publishing, as if you have a Kindle book, you can claim it on Audible, have someone record it for you from the Audible platform, and make money from the audio version of your book.

However, if you have a great voice and a half decent computer microphone, you can make good money becoming an ACX narrator and recording other people’s books for them.

Associates

Associates is Amazon’s affiliate program. If you refer people to their products, you will earn a small percentage of the sale (and it is very small). But the powerful thing is that you will earn a commission on everything they purchase for 24 hours, so if you refer enough people via social media or other methods, you could make a good income.

There are many ways to make money online, and these are just a few ideas to help you get started on your entrepreneurial journey!

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