Did you start your own web-based business in 2015? Did you explore some of the many ways to make money online? If not, you can include such activities in your New Year’s resolution list. There will be many opportunities to make money online in 2016 and I intend to try at least a couple of them.
So, what does it take to start generating some extra cash in the year to come? Maybe you’re even thinking of quitting your job? If so, you may want to test some of the following innovative ways to make money online in 2016.
Start a YouTube Channel
YouTube is growing more and more popular. We’ve already seen so many examples of people becoming millionaires because they’ve built a successful channel.
Some of the popular channels have a ridiculously basic premise but the audience seems to love them. From beauty gurus to people making prank videos – the opportunities are endless,
Making money with YouTube, however requires commitment and hard work. To get your channel to grow, you’ll have to do all of the following:
- Choose a topic that you love and that you can create a lot of content about
- Do some research to figure out if such channels already exist
- If there are many similar channels, think of specialization that will make your content unique
- Create videos consistently, you may want to come up with a weekly schedule
- Use social media to promote your videos
- Interact with viewers and respond comments to generate a lively discussion
- Do follow-up videos on the topics that seem to get the audience exited the most
Here’s the biggest no-no of making money on YouTube – don’t use clickbait titles. This strategy may pay off in the short term but it’s going to alienate a big portion of your visitors.
Provide Services Online
To make money online in 2016, you can come up with a service that you’ll provide to remote customers via a web-based platform.
In the past, copywriters, designers and developers were the only professionals delivering web-based services (alright, that’s a gross exaggeration but you get the point I’m trying to make). Today, there are niches for all kinds of service providers, including nurses and other medical professionals!
If a service can be delivered to a remote customer, it’s great for the establishment of a web-based business. Such opportunities are ideal for financial consultants, project managers, photographers, writers, translators, university professors, marketers, PR professionals, engineers, architects… you name it, it’s possible.
Make Money with a Drone
Do you have a drone? If so, there are dozens of wonderful opportunities for monetizing your hobbies.
Drones are becoming bigger and bigger. This is why drone owners can choose among so many ways to make money online in 2016. Some of the most popular monetization opportunities include:
- Starting an aerial photography YouTube channel
- Creating video clips and short films for online clients
- Shooting news footage (such clips are very likely to go viral online)
- Create advertising footage that can be sold online
Before getting started with a drone business, you may want to check the local regulations. Chances are that your country has some laws concerning the use of drones for commercial purposes.
Publish eBooks and Try CreateSpace
The ebook market has reached its peak and predictions are that the popularity of ebooks will go slightly down in 2016.
If you want to make money with book publishing, you should definitely write an ebook and consider an option like CreateSpace (review will be coming shortly). CreateSpace is an on-demand book publishing service that’s affiliated with Amazon. A book will be printed each time a customer places an order. Naturally, some of the money generated through each sale will go to CreateSpace.
A combined approach gives you the perfect opportunity to maximize the income generated through book publishing. You don’t have to work with a printing house and you don’t need to invest money upfront on creating physical copies. Though services like CreateSpace do take a large portion out of your income, they’re great for testing the book market and deciding if it’s something you want to be much more involved in.
Stick to the Classics: Start a Blog
This is far from an innovative idea but I believe in its huge potential.
It’s never too late to start a blog or a website about a topic that you’re highly interested in. When the blog grows and attracts its niche audience, you’ll benefit from dozens of monetization opportunities.
This approach requires commitment and a lot of work. It’s not a short-term money making strategy. If you’re serious about generating online income in the years to come, starting your own website or a blog is a must.
All that you have to do is choose something you love and you can make money online in 2016. There is no need for an upfront investment and some of these ideas will begin generating revenue right away. Do a bit of thinking, do a bit of research and give it a try. That’s the only way to find out if the idea can really work.
Need a bit of additional assistance? Don’t know how to get started with online money making in 2016. My book How to Make Money Online will give you all of the answers. Buy it today and explore the other articles on this website for additional ideas and suggestions.