7 Ways to Make Money Online in 2022

Everyone from your favorite social media influencer to your dentist has ways to make money online in 2022. Perhaps you’ve been wondering if you can do it too. If you’ve been waiting for a sign, here it is. Now is the right time to start your online business, even if you don’t feel ready. 

I’ll let you in on a little secret. None of us were ready when we started. I didn’t have all the answers when I started, and I don’t have them all now. We’re all just learning as we go. 

The difference between the successful and everyone else is that we started and didn’t give up.

If you’re ready to start building additional income streams for yourself, this is for you.

7 ways to make money online in 2022 

1. Product sales
2. Services
3. Advertisements
4. Affiliate marketing
5. Sponsored content
6. Premium options
7. Investing profits

Please note: This post contains affiliate links. If you decide to make a purchase using my affiliate link, I will receive compensation at no cost to you. These links help keep this content free.

Selecting a platform

First, you must decide what platform(s) you will use to connect with your target audience.

Platforms include your own website, social media, email lists, and selling platforms. Each option has benefits and drawbacks. 

For example, social media and selling platforms have established audiences. But you’re only borrowing the platform. You don’t have any control over algorithm shifts or whether or not the platform shows your content. If the platform loses its built-in audience, so do you.

With your own website or email list, you have complete control over every aspect of your business. You always have a way to connect with your audience.

I recommend creating your own website and using a social media platform to get the best of both worlds.

If you would benefit from a website that’s your platform, then it’s time to make it happen.

If you have an idea for your online business, I encourage you to go for it! There will never be a better moment to get started than now. 

Once you have your platform(s), here are seven ways to make money online in 2022.

Product sales

One popular way to generate revenue is by selling a product. Products include anything from physical products, like clothing, to digital ones, like the coolest downloadable spreadsheets. 

The benefit of selling your own products is that you keep 100% of the profits. The downsides, especially for physical products, include the logistics and distribution aspects.

To sell products online, you will need a website or you can create a shop on a selling platform like Shopify. 

If you want lower costs, more flexibility, and ownership over your platform, a website is the better option.

Services

Instead of selling a tangible good, you could offer a service through your business. Service businesses range from coaching to cleaning services and everything in between. 

When you initially start a service business, you may be the one to provide the services. Alternatively, you could outsource the work to someone else. 

Outsourcing/hiring help is the way to turn a service business into passive income.

The benefit of a service business is it can become “passive” once you outsource the service tasks. A downside is that the reputation of your business will rely on those you hire, so ensure you hire good people.

Advertisements

If you have an online business like a blog or a social media following, you may monetize by advertising. Essentially, a company is paying you to “borrow” your space and reach your audience. In exchange, you promote their offerings.

You know the deal with ads if you’ve ever been on a website and you have limited space to see the actual content. 😉

With ads, you get paid for sharing them, regardless of the sales you generate. A drawback is display ads can clutter websites and can result in a bad visitor experience.

Affiliate marketing

Affiliate marketing is promoting someone else’s products in exchange for compensation. The benefit is earning revenue without fulfilling the product order or service yourself. 

It’s also easy to get started, as some programs have minimal requirements for approval. A common requirement is having a platform.

Some downsides are you won’t keep 100% of the profits you generate on their behalf. Contrary to display ads, most programs only pay you when someone purchases through your link. In other words, you must generate sales for the company to get paid.

Sponsored content

Sponsored content is the gold mine for online businesses. It occurs when a company pays you to create content for them. You decide what rates you charge, and you get paid regardless of views or sales.

The disadvantage is it takes time to earn these deals. That’s because it often requires an established audience to attract sponsored content deals.

Premium options

Another way to make money online is to charge a premium for access to your content. You could do this through subscriptions, one-time membership purchases, etc.

The advantages are you are directly paid for the value you provide. The downside is you’ll have to demonstrate your value to attract paying subscribers. That may mean providing some content for free.

A good way to implement this option is through your own website.

Investing Profits

This is the easiest passive income you’ll ever generate. Starting an online business will require effort to make money in the early stages. You can make that effort well worth your time by investing the profits.

Your 1 additional income stream could provide 2 sources of income.

1. Actual profits from your online business
2. Investing the profits to earn capital gains and dividends

Essentially, you can create a loop where your passive income makes more passive income. By investing your profits, your return from those initial efforts will compound. 

Remember investing is the easiest passive income out there. (But if you know of something easier, please share!)

Next Money Making Steps

Now that you know 7 ways to make money online in 2022, your next step is to take the leap and get started!

I strongly believe that everyone has something to share with the world. Don’t let anything hold you back from believing in yourself and starting your business.

Thank yourself for bettering your financial future by learning ways to make money online in 2022. 🙂