6 Ways To Start Earning Money Online for Beginners

So you want to diversify your income streams. Maybe you’ve read Rich Dad, Poor Dad, and you want to create assets that earn you money while you sleep. Or maybe you just want to start a side hustle to experience earning money on the internet.

Here are six ways for beginners to get started with making money online. I’ve also included a few success stories in each category so you can be inspired by the best creators in the field.

Please remember that wealth creation, whether traditional or online, is a long process and it will pay you dividends in the long-term. There are no shortcuts to wealth creation.

If you have a specific area of interest or expertise, starting a newsletter is an excellent way for beginners to get started with making money. As your newsletter grows, so does your expertise in the subject, and you create a vital asset for your brand that creates goodwill and income.

★ Why

Increase expertise: As you continue writing and publishing more editions of your newsletter, you will continue researching deep into your subject and you gain even more expertise.

Become a domain authority: With a flourishing newsletter, you are recognized as the thought leader in your industry, and your ideas are increasingly respected.

Improve your writing: Writing is a compounding skill that translates into other fields. When you put in your reps publishing your newsletter, you get better at writing and articulating your thoughts better.

★ How

Here are a few ways to get started with monetizing your newsletter.

-Substack

Allows you to add a paid plan- Monthly and Annual

Create separate posts for paid subscribers

Accept payments through Stripe

-Passionfroot

Still in beta

Helps you monetize your newsletter with ads

Finds sponsors to plug in their products in your newsletter

-Swapstack

Marketplace for newsletters and sponsors

Charges no fees

Connect with Stripe to get started

★ Resources

This is an excellent introduction to what makes a good newsletter, with brand guidelines and other ideas.

11 Elements of an Epic Email Newsletter

Email newsletters are an excellent way to enhance engagement with your brand. In fact, according to Nielsen Norman Group, 90% of consumers prefer to receive updates via an email newsletter while just 10% prefer updates on social channels. It's important to make sure your newsletter features all of the right content.

https://www.campaignmonitor.com/resources/infographics/11-elements-of-an-epic-email-newsletter/

★ Success Stories

Sahil Bloom’s newsletter, The Curiosity Chronicle, is very popular, and he now runs several successful brands, thanks to the success of his newsletter.

Sahil Bloom's - The Curiosity Chronicle

The Curiosity Chronicle has quickly become one of the most popular newsletters for growth-minded individuals in the world. Each week, subscribers receive a deep dive that covers topics ranging from growth and decision-making to business, finance, startups, and technology. In addition, subscribers receive The Friday Five, a weekly newsletter with five ideas curated to spark curiosity headed into the weekend.

https://www.sahilbloom.com/newsletter

2️⃣ Podcast

If you don’t have an area of expertise and are still trying to find your niche, consider curating stories through interviews on a podcast. Podcasts are usually faster to produce than video content, and when you also include guests on your show, it’s easier to attract their audience to your show.