The rate of unemployment has been steadily increasing worldwide, resulting in people becoming creative in ways to earn money online.
White-collar jobs, once the ultimate prize, are no longer readily available.
Thankfully, there are new financial frontiers you can explore to improve your earnings. Here are a few of the top currently in the market you should consider.
Platforms That Offer Unique Earning Potential
You can never have too much money. So, how about checking out these platforms? Maybe they will become your go-to alternative to make an extra income on the side.
GeeksforGeeks
You might have aced your tests in school, earning you the “geek” nickname, which you probably hated. However, your good grades should not be a source of embarrassment, especially not when they can line your pockets with cash. GeeksforGeeks offers online courses for anyone interested in learning more about technology and other technical subjects.
You do not even have to have any specialized training to learn about computers and programming as it provides lessons for beginners. The best thing about this platform is that you can earn while studying because it has a referral program — the GeeksforGeeks Course Referral Program.
Once you buy any of the paid courses, you immediately become eligible to join the referral program. You can then create a coupon code that you can share with friends who want to study using GeeksforGeeks. Your friends get a 10% discount whenever they use your coupon code. On the other hand, you will earn a 5% commission or cashback from the sale.
Amazon’s Kindle Direct Publishing
Telling stories is a great way to earn extra money. Whether or not they are true, someone somewhere would love to read them. The only catch is if you can finish a book because, without motivation, your story can be a work-in-progress for months, probably even years. However, once you realize the goldmine you are sleeping on, the motivation kicks in so that you can move into publishing that book.
Traditional publishing is no longer the only way to have people reading your stories. With self-publishing came lots of benefits, among which are the high royalty rates. With no intermediaries, your rates are as high as 70%, which is ten times more than you would get if you opted for traditional publishing.
Many factors affect your earnings, including the price of your book, its genre, and, finally, your marketing strategy. Usually, non-fiction sells better, but all in all, you can pocket lucrative returns whichever genre your calling is.
Udemy
The projected e-learning market growth rate until 2030 is expected to reach 20.5%. Consequently, as more students choose online studying, further opportunities emerge in this field. Tutors have the upper hand in such a ready market and Udemy is one of the many places to showcase their skills and get paid while at it.
This platform offers several ways to make money from the comfort of your home. The only requirement is a computer with a reliable internet connection. Creating a course and publishing it on Udemy is feasible for individuals with a wealth of knowledge in a specific area. This endeavor enables you to receive 50% in royalties.
The ideal way to ensure you earn money fast is to research your competition. If there are several courses already uploaded on the topic you have chosen, the chances of anyone buying yours are slim. Therefore, you can create a competitive advantage by spotting something your competitor lacks. Perhaps theirs are not detailed enough or are too long, thus boring. Whatever gap you find, make use of it as you look for other unique topics to venture into. Alternatively, you can subscribe to Udemy Business, where you will earn based on how many learners purchase your course.
Pinecone Research
Imagine earning $3 for taking one survey. Well, it is possible with Pinecone Research, a platform reputed for having a high payout for those interested in product and market research. However, you cannot solely rely on this platform since the questionnaires do not come in as often as you would like. So, if you enjoy taking surveys, you can look into a Pinecone Research alternative to increase your earning potential.
Parting Shot
It is never too late to start living that life you have always envisioned. Everything you ever dreamed of is within your reach, but only if you set aside your fears and take a leap of faith into whichever calling you have. Be it tutoring, writing, or coding, there is a platform for everyone. Find your niche and start earning!