How to Earn Money Online without Investment | What You Need to Know Now?
In this age of science and technology when almost everything is shifting from the physical world to the online space earning money online without investment is not a hoax anymore. With the change in human behavior as a customer, worker, businessman/businesswoman, or any other social or occupational role; their needs can be easily fulfilled in online space.
Businesses are going online not only because of the need and trend but also due to the necessity of survival. Online businesses are referred to as e-commerce businesses. According to Forbes, the e-commerce industry is expected to expand by 1 trillion USD in 2025. With businesses shifting online outsourcing work to skilled personnel is not a hard reality to accept. People who have a definite skill in any given field can make money online by selling their services as a freelancer on freelance marketplaces.
There are many ways to earn freely from anywhere anytime. Due to the whole world facing inflation, everyone be it a job person, a student, or any other field person; want to make some extra cash from a side hustle. And what better way can there be than to earn money online without investment? It can be done by freelancing as well as through other models. Let’s dig deep into it!
Freelancing
Freelancers are professionals who have mastered a particular skill set, offer their services online, and get paid for their work. They simply make money through the internet for free by cashing in on the skills they have developed over time. These services can be offered anywhere from social media platforms to freelance marketplaces. Freelancing is not a time-bound category of work as it requires only your laptop or a PC (Personal Computer) and a stable internet connection. Freelancing is growing at a fast rate. The overall percentage of freelancers throughout the world has increased to 47 percent.
There are many freelance marketplaces where employers post or look for freelancers to do their work for them. Freelancers earn money online without any other investment except for a time from these websites.
The most popular and free online money-making marketplaces for freelancers include
The services that a freelancer offers are classified into many types based on the skill set required. Let’s find out about some of these!
Digital Marketing Expert
Every company or business sells either their services or their products and when it comes to the digital world, they have to attract customers to their websites or web stores so that people can buy from them. Digital marketing experts help these digital businesses bloom by bringing in audience or traffic by running ad campaigns and through some other strategies as well. Digital marketing is an entertaining way to earn money online without any investment for those who work in the sales and marketing industry.
According to Coursera, digital marketing managers earn up to 95,955 USD as of December 2022.
SEO (Search Engine Optimization) Expert
Search Engine Optimization (SEO) is a type of digital marketing; it involves driving and retaining audience as well. Top-ranked websites on any search engine including Google have the luxury of attracting the most traffic. This audience is always a potential customer or viewer for the e-commerce store owners and blog owners respectively to make money. The struggle of these websites to be ranked in the top results of the search engines is fulfilled by SEO experts. SEO experts earn money online without investment by optimizing these websites for search engines.
Search Engine Journal, describes the average cash that an SEO expert makes to be up to 3400 USD.
Writer
Similar to the offline world, writing is a skill worthy of being called a craft even in the online world. Writers include SEO content writers/ web content writers, copywriters, and creative writers. Based on functionality some writers are ghostwriters, product content or listing writers, and affiliate content writers. All writers write to make money through the internet for free.
Content writers
In the digital world, there’s a famous saying “Content is the king” and sometimes I wonder what would it make the content writers then? Content writing is one of the most famous and oldest modes of freelancing to earn money online without investment. Content writers write SEO-friendly articles and blog posts. The niche of these blog posts and articles may vary based on the needs of the client. Content writers simply write grammatically correct, plagiarism-free, and SEO-optimized content to drive organic traffic. So, content writing offers variety as well as adventure for those who plunge into this online field full-time, part-time, or even at flexible hours.
On Upwork content writers charge anywhere between 15 USD — 45 USD per hour.
Creative writers and Copywriters
Creative writers write stories, novels, dramas, eulogies and poems, and so forth. They drive organic traffic and entertain the audience.
Copywriters and other writers like content writers and creative writers make money through the internet but the main goal of copywriting is a bit different. Copywriters persuade the reader to purchase and convert organic traffic into sales so that the business they’re operating for makes cash and they earn money online by doing so.
According to the statistics mentioned on Indeed, freelance copywriters earn 26.31 USD per hour. While creative writers make from 23 USD to 30 USD as mentioned by Salary.com.
Virtual Assistant
If planning and organization are your forte then you can excel in the field of virtual assistance or e-commerce account management. They are expected to take care of phone calls, e-mails, management of social media pages, and some other tasks online on the account of a business. With the increase in outsourcing, the demand for these e-commerce account managers is increasing. They can earn money online without any investment as a freelancer and later establish their business based on the clientage they already possess.
As per Glassdoor freelancing virtual assistants make on average 42,770 USD per year.
Web and App Developer
Web and app development is mostly based on the knowledge of programming to make money offline and online. If you’re good at coding and have proficiency in different languages when it comes to programming then you can work as a web developer or an app developer or both at the same time. Web and app developers earn a handsome amount of money but this field requires versatility as you would be required to have some skill of graphic designing as well.
In compliance with Upwork, a web developer on this online platform earns 15 USD to 30 USD per hour.
While app developers make 18 USD to 39 USD per hour on Upwork.
Become a customer service representative
The prerequisites of a customer service representative are computer skills, communication skills, versatility, and time management. Customer service representatives earn money online by completing tasks such as dealing with customer queries, concerns, and requisitions. They do so by phone calls, chat, and face-to-face communication and in return get paid for their service on the Internet.
It is suitable for those to make some extra cash from home who are patient and have the proper understanding of the product or service that their business is offering. Sometimes companies offer training so that these customer service representatives get to know the company better.
Chron mentions the per year pay of a customer service representative at a bank to be anywhere from 2800 USD to 3500 USD based on experience.
There are many other ways to earn money online without any financial investment as well. You can become
· A voice-over artist. It is best for those who have proficiency in pronunciation and good acting skills as well. A podcaster does a similar job.
· A transcribing expert who transcribes audio and video files.
· An online traveling consultant.
· A seller stock photos and videos.
· A translator
· A research expert
· A live e-gaming streamer
There are many more ways as well to make some extra cash through the internet by a side hustle. Anyone can do any of these based on their interest and proficiency in any set of skills. Now, it’s a decision to learn any set of skills and then sell your services. With the expansion of the digital space over time more new fields will show up and most of the businesses in coming years will shift to the online world. You can also pursue any of these as full-time work to earn money online without any investment! So, what are you waiting for?
