As we already mentioned, making money online is totally possible for anyone at any age. Online income streams are virtually unlimited in nature – you can make money online through writing, selling products or services, blogging, streaming content, and more!
But before you start spouting off about how to make passive income online, you’ll need to determine if being under eighteen (ya know, legal age to do some things) will be a problem. It may not!
In this article, I’ll talk about several ways you can create an online income stream that does not require you to have much experience or special skills. These are what we call “start low, earn high” types of businesses – they’re designed to get you generating income quickly!
So read on to learn all about them!
The first two strategies here don’t even require you to have an internet connection. So whether you’re too young to use the internet or just don’t have one at home, you’re still able to begin earning extra money right away.
And remember, no matter which strategy you choose, once you've got the groundwork done, you can always go back and add additional features later.
A beginner can start investing in stock markets by buying some shares in companies. This is typically done through online brokerage firms like Fidelity, E*TRADE, etc.
By owning a few shares of a company, you earn money from the business profits as well as dividends. Companies usually distribute these dividend payments to shareholders at regular intervals — sometimes annually, sometimes monthly.
The amount per share varies depending on what type of investor you are (individual or retirement fund) and how much capital you have invested.
You can also invest in bond funds which pay out interest income similar to dividends. These are more stable than equity investments as they do not risk the shareholder’s cash but instead loan money to corporations that retain control over their earnings.
A good way to begin investing is via your parents’ financial institution. They most likely offer automatic investment services for young people.
A lot of people get into internet marketing because they want their own site or website. But, not many people know how to go about investing in that. In this article, we will talk about some ways to start your online career by buying a domain name and then investing in an easy way to begin making money online.
Most people buy domains directly through websites like Namecheap or Google Domains. You can pick anything you want!
By doing this, you have someone else take care of hosting, maintenance, and updates for your site. This is important to note since most beginning income earners need help with these things.
There are also different types of sites that require different levels of investment. For example, you could start off buying a cheap WordPress theme from somewhere such as ThemeForest or BuyTheme.
This will cost around $100-150 but you can easily look up free templates online and customize it to make it yours. Then, you can use software such as Yoast’s SEO plugin or SEMrush to create content for it and promote it via social media.
Now, some people may not agree with this advice, but I would like to give you some strong opinions here!
I’m sure most of you have heard about how easy it is to make lots of money online these days. You can make decent income streams without having a lot of experience or special skills. It is even possible to earn enough to live off your savings while still keeping in touch with friends and family.
A growing number of kids are learning how to create their own websites and start making passive income before they graduate high school. Many teens begin offering freelance services through sites such as Fiverr and TaskRabbit.
A lot of people make big promises about how easy it is to earn extra money online, but they never say where your lumps of income come from or what business models work for other people.
Most start-up businesses require you to have some sort of steady source of income, which is why most people who can’t find a way to make money online are not too enthusiastic about starting one.
That’s totally understandable! It takes time to develop a business model that works, so many people give up before they even get started.
But there is an easy solution! You can get a small personal loan to fund your new business idea.
It’s called direct sale lending and it’s becoming increasingly popular due to its low interest rates. Many companies offer loans through their website, so there are no need to go into a bank to gain access to funding.
Direct sales lenders usually will ask you if you are able to handle your monthly payments without any hiccups, as well as ask you about your revenue and savings strategies.
Starting your own YouTube channel is one of the best ways to make passive income as a young person. All it takes is having an empty niche, decent camera equipment, and creativity to create content for your channel!
There are many ways to begin making money through YouTube. Creating educational videos or filming yourself doing some kind of activity can earn you revenue from advertising or subscription services.
Running a YouTube channel is not only a way to make additional income, but it’s also a great source of self-expression. Many people have made a living off their creative talents and sharing them with the world.
The trick is to pick a field that you enjoy and have knowledge in so that you will put in the effort to produce quality content. There are several free apps and tools designed to help you start your YouTube channel easily.
A few years ago, it was unthinkable to make money online without having an established website with lots of traffic. Now, however, anyone can create their own site and earn extra income or even significant revenue via the internet.
There are plenty of ways to make money through your web-based business, from selling products online or developing apps that you can sell, to creating blogs and marketing them for profit.
By no means is this article telling you to stop what you’re doing now, but rather giving you some alternatives so you can continue earning additional income in the future!
Many people begin blogging as a way to share their knowledge and experience with others. With the right niche and content, you can pick up quite a bit of cash by writing about various topics and putting your signature under it.
Your signature typically contains your name, email, phone number, and maybe a link to your website or shop. It comes in very handy when someone comments or questions about something you wrote a piece about.
For example, if somebody asked how to do something related to that topic, you could reply using your signature. This would be perfect because they mentioned that product or service and you have one! You could make some quick money off the side.
Another way to make passive income as a blogger is to offer free tips and lessons to other bloggers. By offering help and guidance, you will gain loyal followers who will pay for your expertise.
Starting your own podcast is one of the best ways to make passive income. There are many different platforms where you can start hosting a show, from YouTube to Spotify to itunes and beyond!
Finding an appropriate niche and investing in decent equipment will let you produce high quality content that attracts listeners.
By offering tips and tricks or just entertaining yourself, you’ll be creating valuable resources that people will pay to listen to. And once those listening numbers grow, the income grows with it.
There are several ways to make money online through podcasts so don't feel like you need to choose one type of business model. You can make yours free if you want to test out what works for you!
How to make extra cash by being a listener is totally fine too – you get paid for educating others which is always a good thing.
Tutor others in an area that you are passionate about or have experience with- this is a great way to make passive income. There are many ways to tutor including through educational institutions, via YouTube videos, and through private lessons.
Tutors can be anyone from someone who wants more knowledge of something to people with gaps in their skills. Teaching someone else what you know is a worthy goal and can earn you some extra money.
There are several reasons why teaching is a good source of income. First, it does not require too much investment as you do not need equipment or courses signed up for. You just need your own personal lesson plan and student board exams or assignments.
Second, there are plenty of positions available to teach almost anywhere at any time. This means you will get enough work to survive even when one project ends.