Who would not be interested in finding out how to generate a side income online? Not me! We would love to break the monotony of our routine and become self-employed while staying at home. What better way would there be to earn a passive income without spending any money or time enrolling in different courses to learn skills.
We will tell you exactly how to achieve this. Read on to learn some ideas on how to generate a passive income without having to learn specific skills.
Virtual Assistant
If you are good at organizing and planning, then you should put those skills to use as a Virtual Assistant (VA). It is a great way to generate extra income online. The job is pretty simple. You will have to perform typical office tasks like answering phone calls or replying to emails on behalf of the organization that hires you. You may also be required to manage the digital media accounts of your clients.
With the increasing trend of self-employment, these kinds of jobs are also getting in demand. You can easily start your career as a VA by searching for jobs on freelancing portals like Upwork and Fiver. You can expect to make close to $20 an hour working as a VA.
If you can build a personal brand, you can promote it to various entrepreneurs and startups or just about anyone else who may need to use the services of virtual assistants.
Online Researcher
Were you an ace researcher during your time as a student? Does finding specific information on Google come as second nature to you? If yes, then you can make tons of money as an online researcher.
A lot of organizations across industries use the services of freelance researchers to help them make various reports and analyses. They then use that information, either internally or with their clients, to make sound business decisions. Similar to VA, you can also find online research jobs on various freelancing portals. So you are good to go as long as you have a computer and reliable internet access, like Windstream Kinetic.
Audio and Video Transcription
Audio and video transcription services have been around for the past two decades or so. Although now there are many Artificial Intelligence (AI) applications that perform speech-to-text transcription functions, they are still no match for human intelligence. So here lies another opportunity for you to generate a decent side income.
Just like the first two entries in this blog, there is plenty of transcription work available on freelance portals. Most organizations will let you select assignments as per your preference and will usually let you set your working hours. All you need is a computer with working speakers and internet access to kick-start your career as a transcriptionist.
To be a good transcriptionist, you need to type fast as it takes a lot of time to transcribe even short 5 minute audio clips. You might want to practice by transcribing YouTube videos before you pick up any paid work.
Create a Patreon Account
Patreon is a member’s only digital platform intended to generate income for artists and other audio/visual content creators. Fans can become patrons on Patreon by paying a subscription fee. Patreon is an ideal platform for anyone who creates digital content, like podcasts, videos, and music.
If you have a fan following, you can make a Patreon account and create special content that will only be accessible to your most dedicated fans i.e. those fans who are willing to fork out money to consume your content, as opposed to those who follow you for free on platforms like Facebook and YouTube.
To find success on Patreon, you will have to offer unique content that will keep your patrons engaged. If they find your content worth consuming, they will reward you with their support. You can sign up for free on Patreon. You will be charged a small percentage fee once your account starts generating revenue.
Summing Up
We are extremely fortunate to be living in a technologically-driven world that has opened up multiple avenues of income generation. Whether you are looking to work online on a full-time basis or if you are looking to supplement your income from your day job, the suggestions mentioned in this article will hopefully allow you to make a good income.
