For any budding entrepreneurs out there, it’s good news to hear that it’s never been easier to start earning independently than it is now. A shifting, evolving marketplace, a seismic shift in employment practices post-covid, and emerging communication technology that allows for one-to-one interaction over great distances through remote work have all opened up the marketplace in a way previously unheard of.
In short, if you can innovate you can earn. And the more you can invest in that innovation, you might just find yourself with a long-term revenue stream. There are literally countless ways to start earning money, all you need is an idea and motivation to succeed. Indeed, some very successful entrepreneurs have started in very humble beginnings, selling products door-to-door in some instances, and through hard work, determination, good business acumen, and perseverance, have grown that business into a titan of industry worth millions, and in some cases even billions.
If you’re thinking of earning quickly, and perhaps you haven’t settled on what area to concentrate on, then this article is exactly for you! We’ve consulted professionals in the economic and commercial fields, and using their expert advice, have compiled a list of the 5 best ways that you can start earning money imminently.
1. Freelance
Probably the most prominent and short-term profitable way to start earning some moolah is freelance work, whereby you are an independent entrepreneur working for someone on a freelance basis via short-term contract.
The good and bad thing about this is that 1) even though you’re working for a client, you’re not an employee so you have a measure of flexibility, however 2) there is a measure of uncertainty being freelance as your next job is never guaranteed. But good and immediate money can follow for any freelancer with a needed skill set.
2. Youtube
Creating Youtube content can not only be a highly lucrative way to earn but also can make you something of a recognizable name and face to the online community. And that community is vast indeed, with some 2.7 billion active users, more than 1 billion hours of Youtube content watched collectively every day, and more than 500 hours of content uploaded to Youtube every minute.
So in a very competitive arena, you can still make good money through your Youtube channel by monetization of that channel whereby you get paid every time someone clicks on an advertisement featured on your channel. Other ways are by influencer marketing, sponsorships, subscription fees, or an online store.
3. Tutoring
A vocation that can bring in the dough readily and quickly if you have a knowledgeable skill set to imbue and the ability to teach in a productive and constructive manner.
Whether it be physical in-person or online tutoring, the results of being effective and successful can be both emotionally and financially rewarding, depending on what you’re teaching. Tutors in certain very specialized subjects can charge above the average in fees and make very comfortable livings in doing so. However, if you wish to be an online tutor, most platforms like Google, etc, will require verifiable evidence of your qualifications to tutor before allowing you to use their platforms so be ready for such inquiries should you follow that route.
4. Taxi Driver
It may not be glamorous but for many people, it’s an instant source of income when they need it most. And let’s face it, the taxi cab industry is one industry with insatiable demand behind it, we all need a taxi at some regular point in our lives and always demand for new drivers.
The most obvious thing you need is to be a qualified driver, and a good sense of geography would help to, although with geolocation software, that is not as pressing as it once may have been. In addition to a steady income, you usually have a great deal of flexibility in working hours and, indeed, can charge premium prices during such occasions as weekends and holidays, bumping up your income even more.
5. Translation
The world may be increasingly interconnected but language differences still both exist and persist in international commerce. A real growth industry in the self-employment field is that of translators. If you have a native, fluent command of at least two languages, you could use that to your advantage.
Because relatively few people are fluently multi-lingual, translation can be something of a specialized vocation that can prove a financially viable one. Not only is accuracy a major requirement but also ability to meet at-times very tight deadlines. Trustworthiness is also a major factor as you could end up translating sensitive documents in both the public and private sectors, so a clean background check is also useful to show potential clients.
