Over 41% of workers continue to work remotely. If you’re one of them, then we don’t have to tell you just how much that’s affecting everybody’s mental, emotional, and physical health. The pandemic has affected more than just our ability to work normally, though. It’s also causing the wealth gap to grow.
Wanna hear something super messed up? In 2019, the top 1% held one-third of all wealth in the United States. The next 9% controlled another 38%. So, you’ve got 10% of the population controlling 71% of the wealth pie. Messed up, right?
Now, hear this: After 2020 and the havoc that the pandemic wreaked on the economy, the wealth held by just 400 of America’s elite was equal to the total wealth held by the entire bottom 58% of families in the country. Man. Just take that in for a second.
What are you going to do, though, right? The secret lies in learning how to compound your wealth, which WealthStack is all about. It’s not about working more hours or even starting your own business, although those things certainly help. We suggest downloading the WealthStack app to help you learn these financial tactics for free.
Then, if you’re out of work or have been struggling financially throughout the pandemic, kickstart the savings process by making money online. It’s COVID-safe, and virtually anyone can do it (yep, especially you!). Here are 20 ways to make money online in 2021 to help you increase your savings (after you’ve done that, we’ll help you learn the rest).
How Working Online Can Earn You More Money
According to the State of Remote Work de Owl Labs report, people who work online can earn $100,000 or more per year. That’s freakin’ insane. It’s twice what in-office workers can make on average, and it’s likely due to the amount of time you waste when working in an office. There’s the morning and evening commute, the pointless meetings, and the office politics that make you (likely) not as productive as you have the capacity to be.
Now, remote work isn’t for everybody, and it definitely depends on what you’ll be doing. Still, if you need another reason to start earning money online, PayScale analyzed thousands of salaries and found that online workers earn 8.3% more than non-remote workers with the same job and qualifications, and 7.5% more overall, regardless of experience, title, or location.
Another huge win when it comes to remote working? You’re saving money on gas, lunch, and probably your wardrobe. But enough about the benefits; you’ll hopefully find them for yourself eventually. Here’s how to make money online in 2021.
20 Ways to Earn Money Online
Freelance on Fiverr
Fiverr is a special online platform where you can earn money selling small gigs and services. Literally, you can sell pretty much anything on Fiverr, including raps, phone calls, guitar lessons, and more. Find something you’re good at and sell it there.
Teach English Online
Teaching English online is a very profitable online job, with most teachers earning anywhere between $15 to 25 an hour. You don’t need any experience; you just have to be a native English speaker, pass a couple of interview rounds, and be somewhat of an outgoing person. If you’re interested, check out VIPKID and Qkids.
Take Online Surveys
Take online surveys through platforms like Swagbucks or InboxDollars to earn extra cash here and there. You’re not likely to earn more than about $100 a month via these types of sites, but if you’re following the advice in our free financial guide and working towards saving more, this can help a lot.
You have a unique story to tell. Everybody does. If you’re willing to spend time making videos that help you tell your story and share your expertise, then you can definitely make some cash on YouTube. Here’s a helpful guide on how to monetize YouTube videos.
Test Websites & Apps
Testing web pages or applications through platforms such as UserTesting can help you bring in some more savings. It’s a win-win because it’s also a pretty great way to see who’s doing what out there in the entrepreneur world. You just might come up with a new business idea.
If you’re into words and love reading and writing, then you can earn money online by writing and correcting texts. Clickworker is a platform where you can participate in surveys or earn correct texts, but online freelance writing platforms include Scripted, Textborker, and Writer’s Access.
Start a Blog
If you have a unique story (you definitely do) and want to share it, but you’re not that into YouTube, you can start a blog and monetize it through affiliate marketing. It’ll take some time, but it’s a free way to earn money, meaning that you don’t have to have any cash to invest first. Here’s a guide on how affiliate marketing for blogs works.
If you have an eye for design and know the basics of WordPress, it’s actually really easy to create and design websites for other people. We suggest getting familiar with WordPress, Shopify, and similar platforms. Take a look at the templates they have and start playing with a couple. Learn how to edit them and then offer that service to others.
Buy & Sell Domain Names
Did you know that you can buy and sell domains for a profit? To make this work, you have to know which kinds of domains are (or will be) popular. The idea is that you buy them at a lower price and sell them at a higher price. Kind of like buying and selling stocks, right?
Make a profit by editing videos for companies and even YouTubers who create content. We’ll let you in on a little pro tip, too...use sites like Biteable to help you create stunning videos without much experience. If you’re smart about how you do it, you can make a massive profit.
Make money by watching short videos that include ads, news content, and viral videos through platforms like Swagbucks. You’re probably scrolling through your phone looking at Instagram or TikTok right now (you’re definitely looking at your phone reading this blog), so why not earn money while you do it?
Certain platforms offer to pay those who are willing to transcribe the audio in videos. It’s a tedious thing to do because you have to listen, rewind, and write for hours to make sure you’re getting the text right. But at the end of the day, it’s a pretty easy way to make money online, and you don’t even have to leave your house.
Become a Social Media Manager
If you’re very into social media, why not make money using it? You don’t have to be an influencer to do it; you just have to know what works. Hubspot offers a free social media marketing course to help you get started.
We told you that you could make money online doing just about anything, and that includes selling recipes! You can earn money by setting up a store on the Etsy platform to sell your recipes. Don’t sleep on the opportunity to make money that easily.
Start an eCommerce Store
Create an eCommerce offering niche products. This online business idea works best if you’re selling niche products, so you’re not trying to compete with big businesses selling other things. Here’s a helpful list of the best eCommerce store ideas for 2021.
Love to talk? Have a sexy voice? You can put it to work and earn money just from talking. Start by registering on the ACX platform, which is a service that connects audiobook narrators with authors. Then, all you have to do is read!
Perform Short Tasks
Earn income for completing micro jobs, registering on platforms such as Amazon Mechanical Turk. These types of short jobs might include running an errand, walking dogs, or other similar tasks. It’s fast, easy, and a great option for those still working full-time and need an option that’ll fit within their schedule.
Learn how to earn money as a copywriter, which requires that you understand how copy works online and how to write great landing pages, website content, and blogs. If you love writing, you’re able to sell your writing services on Fiverr. There, you can write about literally whatever you want (fiction, non-fiction, finance guides, ebooks, and even full novels).
Become a Consultant
We said it before, but we’ll say it again: you have a unique story. You have unique talents, too. Put those to good use and become a consultant. Know a lot about how to choose the right stocks? Consult people on that. Understand how to market products on Instagram? Sell that!
Invest in the Stock Market
You probably guessed this one was coming, right? We’re WealthStack, so it’s hard not to mention something like this. If you understand how the stock market works, you can earn ways more money online than through any of the ways listed above.
Not sure how to get started? Download the Wealth Stack app for free on the App Store or on Google Play. Set financial goals, explore our free courses, and learn from expert Speakers before our Invest feature becomes available in the second half of 2021.