We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. MoneyWatch Managing Your Money If youre looking to make fast money then you may want to consider Getty Images Inflation is currently at a 40-year high sending prices on just about everything upward. While cutting corners and careful budgeting can help for some Americans it might not be enough. If youre in this boat - or you just want to reduce some financial stress you might want to consider creating a second passive income stream. Fortunately the internet makes this easier than youd think. There are dozens of ways to make money online -- without any special training.
Are you looking to create a passive income stream Here are seven ways to make some extra cash.
1. Start a blog
Blogs arent just for fun these days. They can be quite the moneymaker when done right. The key is to pick your niche build your audience and then monetize the blog. You can do this through affiliate marketing which earns you a commission when someone clicks a monetized link or buys a product thats promoted on your blog. You could also try selling and displaying ads on your site. You can use a tool like Google Adsense to get started with the latter.
2. Take online surveys
Giving your opinion and taking part in market research can also be an easy way to make money online. Some of the more popular survey sites include Survey Junkie Swagbucks OneOpinion Opinion Outpost and Ipsos iSay. Keep in mind These wont bring in huge earnings. Swagbucks says its members earn about $1 to $5 per day. Thats why its important to do your research before you get started or commit to participating in any online surveys.
3. Start an online store
If youre the creative type you can start up an Etsy shop. Etsy sellers offer everything from jewelry and clothing to artwork invitations yard signs and more. If thats not your style you can start a drop-shipping store. With this strategy you essentially operate a storefront. When a customer makes an order you order that product from a third party typically a manufacturer vendor or a wholesaler and ship it directly to the customer. Shopify has a whole dropshipping walkthrough you can use to get started and you can use their platform to create your store too.
4. Sign up for a gig-working platform
There are several platforms designed for online gig work. For example Amazon Mechanical Turk is a place you can take on small tasks for businesses across the globe. They might include moderating content taking a survey or transcribing audio. Clickworker is another similar platform or if you have a specific skill - like copywriting editing or graphic design - you can use freelancing platforms like Fiverr Freelancer.com and Upwork to connect with potential clients.
5. Start a YouTube channel
YouTube creators can make a lot of money - and it doesnt necessarily require a lot of expertise. You can create how-to or explainer videos on virtually any subject or go more personal and put yourself in the videos. You can interview subject matter experts provide tips and tricks or even just show yourself playing various video mobile or board games. The important thing is to find a niche and build a following. You can then integrate Google Ads become a YouTube Partner and even make money off memberships live chats and subscriptions.
6. Become a transcriptionist
If youre a fast typer you might consider doing some online transcription for cash. Youll simply need to listen to audio files and then type out what you hear. You get paid per piece so the faster you can type the better - at least financially speaking. Rev.com GoTranscript and TranscribeMe are just a few of the sites where you can find online transcription work.
7. Test websites and apps
Fancy yourself the tech-savvy type If so you can get paid to test out new websites and mobile apps and hunt down any glitches. At UserTesting.com for example you get to test new sites and products from brands like GoDaddy Hello Fresh HP Subway and Canva. You just need to have a reliable WiFi connection a microphone a computer or mobile device and you can get to work. BetaTesting.com UserZoom and Userlytics are other similar platforms.
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