The Internet is an ever-changing place. The way we make money online has changed a lot over the past decade, and it will continue to evolve in the next 5 years and beyond.
So what are some ways that you can make money online in 2023?
What new opportunities will arise?
In this article, I’m going to explore all of these questions and more!
1. Sell Physical Products
There are a few different ways you can make money online by selling products.
One way is to sell physical products in person or through an e-commerce marketplace like Etsy. You can either make your own products to sell on Etsy or use a print-on-demand supplier like Printful to fulfill.
If you are savvy when it comes to branding and also running traffic like Facebook Ads, you could launch your own store on Shopify too.
2. Sell Digital Information Products
Another way to make money online in 2021 is by selling digital information products.
You could create your own course or e-book about something you are knowledgeable in and then sell it on one of the many platforms available to course sellers like Gumroad, Udemy, Amazon Kindle, or Skillshare.
Much like the physical product options, you can also host your own course on a platform like Kajabi, Thinkific or Teachable and do your own marketing, taking payments directly for the sale of your information products.
3. Start A Blog
If you have a way with words, why not start your own blog?
Blogs are very popular and make for an easy marketing strategy to get in front of new audiences if you are consistent with your blogging efforts.
You could use the time that you would otherwise be spending on social media platforms like Facebook or Instagram by leveraging their algorithms to promote your content instead.
Even if you just write one article a week, it will begin to generate traffic after some time as long as those articles resonate with readers and draw them back repeatedly.
Content is king! If you create high-quality content, people will come no matter what platform they find it on – even updates from Google Search Results pages can drive customers straight into your email list while giving them valuable information.
4. Upload Videos To Youtube
According to a US study in 2019, YouTube has the biggest reach among both Gen Z and Millenials. If you let that sink in, you’ll realize how massive the power of YouTube really is.
Don’t underestimate how powerful YouTube is for digital marketers and business owners alike – when used correctly, videos on this platform can be extremely lucrative.
The key to generating organic traffic with YouTube is to be consistent in your uploading, focus on a specific niche and always provide relevant and valuable information to that niche. If you do this you will start to build a loyal audience of followers which is the key to monetization.
If you’ve got a skill that’s in demand, you could make money online in 2023 as a Freelancer.
Freelance platforms you can advertise your services on include:
Some popular skills that are always in demand include:
Programming languages like Python, Ruby, or PHP to create software from scratch for clients and customers; building a website design with HTML and CSS knowledge; designing logos or marketing collateral material for businesses on an ongoing basis.
If you have these skills, it’s possible to make a heap of money online in 2023 as a freelancer.
6. Affiliate Marketing
One way to make money online in 2023 is by becoming a legitimate affiliate marketer.
Affiliate marketing involves promoting someone else’s product or service and earning commissions for sales that you generate on your website, social media channels, blog, email lists, etc.
You can also get paid commission from companies who want to promote their own products through affiliate links – this includes Amazon Associates which pays you a percentage commission of each sale that is made.
There are lots of ways to be an affiliate marketer but here are some tips: try not to spam with too many ads; always include personal recommendations as well as general ones; don’t talk about how much money affiliates have made before yours (or mention it at all).
7. Coaching and Mentoring
Another way you can make money online in 2023 is by coaching or mentoring people online to learn an occupation, start a business or pursue their dreams.
Take a look at people like Spencer Mecham who’s a highly successful Affiliate Marketer, but a very successful coach with his Affiliate Secrets 3.0 course.
People are paying good money to be part of his program where he teaches everything he knows about building an online business with affiliate marketing.
You’ll also notice that Spencer provides a lot of training on platforms like YouTube and on his blog, which are some of the money making methods mentioned in this article.
Whatever skills you have, there are bound to be others wanting to learn and you can teach them one-on-one from anywhere in the world. With technology like Zoom video calls, Voxxer voice chat, or ever Facebook Messenger you don’t have to do in-person coaching at all.
This is a newer one, but cryptocurrency has been around since about 2009 when Bitcoin was first created.
You can make money by buying and selling Cryptocurrency, much like you would with the stock market, and for those that are more advanced you can even “mine” cryptocurrency yourself.
You can buy crypto on a number of different online trading platforms such as Coinbase, Binance, eToro, Robinhood, and many more.
9. Online Arbitrage with Amazon
Online arbitrage is a popular way to make money online and it involves buying goods from retailers and re-selling them on Amazon for a higher price. While you don't need to specifically use Amazon for this, it is the world's largest ecommerce marketplace so it makes sense to sell there.
Online arbitrage is quite a simple way to make money online, but like anything it also requires a lot of work and there’s no guarantee that you’ll find any items to sell. If you want to increase your chances of finding profitable products, try a tool like Tactical Arbitrage and that will make your life a lot easier.
The best way to make money with Online Arbitrage is to find a niche market and learn about it so it’s easier for you to spot an opportunity. My friends over at the OA Challenge have a great, affordable course on this topic. It's worth checking out.
If you’re trying to make money with this method and you don’t want to try it on Amazon, even though it’s best if you do, you can head over to eBay and try it out there as well.
10. Advertising & Marketing Agency
If you are skilled in areas of online marketing such as running paid ads on YouTube, Google, or Facebook, building websites, or search engine optimization (SEO) then you may be able to take on clients and charge a monthly retainer for your ongoing work.
Obviously, you do need considerable skills to run an advertising agency, and it may take a while before you are able to build up enough of a client base, but this could be an excellent way for people with the right skill set to make money online in 2021.
11. Sell eBooks on Amazon
Selling on Amazon has appeared a couple of times on this list, and for good reason. It is the biggest online marketplace in the world and it brings so many different opportunities for those that want to make money online.
Selling ebooks on Amazon can be very lucrative, and it is a low cost startup too. You can either write your own ebooks or hire someone to write one for you.
The great thing is, the costs are minimal, especially if you write the book yourself. If you want to learn how to make money selling ebooks on Amazon, our friends over a "The She Approach" have a great ebook bestseller bootcamp that you should check out.
Conclusion - Making Money Online
There's a lot more than 11 ways to make money online, but these are so of the best and most common ways.
My number 1 way is blogging - but it takes time and it takes some knowledge. If you're interested in learning more about this then feel free to join the list below. I send out free weekly tips on how to grow and scale your own blog.
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