This article is all about how to make money online as a teen this year, even if you have never ventured into anything online before.
I believe after reading this article, you will get a clear picture of what your next move should be.
How to make money fast online as a beginner
One thing is that everyone is capable of earning money in their lives. What most people don’t understand is that creating multiple streams of income has actually been a popular means to make a huge amount of money.
Most people are highly successful, or else they wouldn’t have created a couple of moneymaking schemes on their own.
Learn new skills
So,
learn a new skill that is more relevant to your business.
learn a new skill that is more relevant to your talents.
learn a new skill that is complimentary to your profession.
A basic understanding of arithmetic, marketing, design, sales, and offer skills will undoubtedly assist you in starting your business, and it will also benefit you later if you decide to quit your job.
However, many people out there are unemployed or underemployed due to a lack of skills.
Network and get clients
You cannot build your own business without friends and family. Sometimes, they will be your greatest resource when you are struggling to stay afloat.
This is also why networking and building relationships are very important to you.
See, your social media are not just for jokes and merriment, wise people get deals and close sales while you are making jesters.
You need the right people to help you in your journey. This could be your employees, consultants, freelancers, or other clients.
You don’t have to become the next Bill Gates by inventing a new model for Windows. We are familiar with both Bill Gates and Steve Jobs. But even if you wanted to start something like Apple, your chances of success are less.
However, you can make an impact on the success of a new business. There are lots of ways to make money that can help you make it big without investing a fortune.
4 Best ways to make money online as a teen
With these ideas, you can start immediately with zero capital.
1. Affiliate marketing
Affiliate marketing is a system of promoting and selling other people’s (or company’s) products or services and earning commissions in return. You find a product of interest, promote it to your audience, and earn your profit for each sale you close.
You get the products for free
You promote them
You make profit
We have international platforms like Clickbank, Bluehost, eBay, etc. Though some of these platforms are restricted to certain countries, you have to keep searching till your aim is achieved. It is also called the referral business model.
Place your business on affiliates to generate more sales if you have an existing business but lack sales.
2. Freelancing
Freelancing is offering a skill you have in exchange for payment. It can be done only by those that have the skill. Some of the types of freelance skills you can find out there are listed below:
- Graphic design
- Web design
- 2D Animation
- 3D Animation
- Coding
- WordPress developer
- Email Marketing
- Virtual Assistant
- Transcriptionist
- Data entry
- Copywriting
- SEO
Even if you don’t have one the door is always open to Learning one
Guess what? You might master some skills in a day. There are several freelancing platforms, but I will recommend just Fiverr and Upwork which are free to join. Offer your skills and smile to your bank
People have made millions from this. You are 100% free to make your background checks.
3. Drop servicing
What does this mean?
It is a system of outsourcing services to freelancers or other experts. But these clients don’t know that you are hiring people to execute their services.
In reality, it is similar to subcontracting. Sometimes, there are contractors who will show you the building plan and design of an apartment you want, and they will discuss with you the cost of the project and deliveries.
The common practice is that these contractors don’t have their own bricklayers, carpenters, or iron benders. They subcontract this job, but they still get paid for the job and someone else does it on their behalf. In nutshell,
You get a job
Look for someone capable of doing it
Get paid as a middleman
4. DROPSHIPPING
Dropshipping is a retail selling system where dropshippers don’t have the products to sell in stock.
Dropshipping is a type of business model which enables a business to operate without major records, owning a physical store to store their products, or even having to deliver their products to their customers physically.
You don’t need stock
You don’t need cash
You don’t need to import
No delivery headache
0% loss
It is just the simple, lazy man model of using digital strategy or traditional way strategy to sell a product without having or buying them. You sell products belonging to a third party without having or seeing the product.
Other Passive Income Tips
Bonus
Selling your old stuff to generate small capital to kickstart your business: Anybody can sell something that is easily available on the auction website and make a decent amount of money. Even if you sell your stuff cheap, you can still make a decent amount of money.
Wrap Up
Jobs are one thing. You need to see the bigger picture and build wealth by investing your time and effort in more productive channels. It’s not all about the big money. You can still do many other things to make your fortune if you really want to, as long as you plan well.