Due to the COVID 19 pandemic, a lot of people have found themselves being stuck indoors all the time. The unexpected virus has led to many countries putting almost all operations on hold, especially those that require physical contact. This has left a lot of people being forced to work from home in order to maintain business operations.
However, for those people who have professions that they can’t do from homes, such as home builders or cleaners, it might prove to be a challenge to try and survive in these times.
This is mainly because the income source of these people has been disrupted and hence they have to look for other means to survive. One of the best ways to earn income from the comfort of your home is from using internet. In addition to working freely and comfortably from your familiar home environment, working from home limits the risks of contracting the virus. Now, let’s look at examples of some of the things you can do online to make money.
Expats living in Vietnam with “normal” jobs are also quite impacted. Imagine if in 3 to 6 months, you would be able to generate a side income from a side business, would you be more in control of your finance? Let’s investigate in this article the different way to create a side business on the side of your current job.
Making use of display ads on a website or YouTube channel
This is just one of the ways you can manipulate to make money online. All you need to do is have a website or a YouTube channel with a decent following. In return, when your audience watches ads that you promote on your YouTube channel, you get paid a commission by the advertiser.
Or, whenever your followers click on an ad that you posted on your website, the advertiser pays you a certain amount. In both cases, the amount that you get paid depends on the interest the ads you are marketing received.
Getting paid from referring people to companies
This system known as referral marketing allows you to be paid for each person you refer to a certain company through a referral link or partnership programs that is given to you by that company. There are numerous sites that offer you the chance to indulge in referral marketing. Some of these are Google apps, Ebates, Ibotta, Share A Sale, Gazelle, and Offer Juice. All you have to do is research the requirements needed for each site.
The good thing about using referral links as a source of income is that you don’t necessarily need to have a blog as you can always use social media to post your referral link.
Affiliation: being paid a commission on each sale
This is one of the easier ways you can earn money online during this period. Affiliation marketing has grown quite popular nowadays. What it simply means is that you’ll partner with a company of your choice that uses the affiliate marketing system. In addition, you get to promote the company’s products to your followers and in return, you earn a commission from any purchase that was made using your affiliate link.
Affiliation is the main way this expat living in Vietnam is making money online. He explains in detail how he combines different way and strategies to generate a complementary income that provides him freedom. Feel free to check his other videos the Youtube channel Guillaume Rondan from Move to Asia.
In order to be guaranteed of success in affiliation, you can follow the following steps to get started on your affiliation journey :
- Look for your area of expertise
- Construct a website and blog
- Provide thoroughly researched top quality content on your blog
- Expand your email list by adding a sign-up pop-up on your website
- Select your desired affiliate products you want to promote
- Partner with an affiliate marketing network in relation to your area of expertise as well as selected affiliate products
- Track your progress
Create your own product
You can fully manipulate this period to create your own product that serves the community. The most important thing you have to do is to look at ways on how you can give to society by focusing on a product of great importance. This simply means, by being able to solve someone’s problem, you can be able to earn income.
For instance, you can start making your own training online if you are having an expertise or skills you can share. Those digital products mostly have high margin so you can make a decent income from selling them.
In conclusion, having a side business should not only be limited to times when the situation forces you to do that. Even during the time when things are normal and you can go to work, it’s advisable to always have another source of income in addition to your normal wages. And, although the pandemic hit us unexpectedly, life has to still move on. Therefore, it’s wise to make use of online ways of making money.