With the rising cost of living, earning more income in Singapore is fast becoming necessary in order to hit our financial goals! With the COVID-19 situation forcing most of us to work from home, many of us are discovering pockets of time that we could be using to make money online.
In fact, making money online is getting highly feasible, and no longer do you need to resort to online surveys that pay you peanuts.
In this article, we will share 9 legit ways for you to make money online. They can even grow into a full-time income and replace your job next time!
Remember those mother tongue lessons you had in school? It’s time to put them to good use! Translation is an easy job you can do at home, to earn $5 to $100+ per assignment. So the faster you clear assignments, the more you can earn!
As with any freelance work, you might want to set up a PayPal account to receive your pay too.
2) Graphic Design & Illustration
Love art and crafting great designs? You can make graphics for companies that need them! From logos to posters, each assignment can net you $10 to $300+ and build your portfolio.
Once you build a decent portfolio, you can start raising your rates. Clients that like your work will come to you, and start paying you more too!
Great at making stunning videos? Whether it is film or montages, this one’s for you! There are tons of assignments on freelancing platforms that range from adding 3D effects to creating a full-blown video. Each assignment can earn you $20 to $300+. When you build a portfolio, you can command higher rates too.
Video-editing might require having some hardware beforehand. Check out this guide to learn more.
4) Teaching & Online Coaching
Have something you’re great at? Consider giving lessons or creating courses online! If you are passionate about photography or baking, you can create and sell courses ranging from $10 to $1,000 on Udemy, Skillshare and LearnWorlds.
To get students, you might need to market your course online. So here’s a quick guide on how to snag your first few students! Or want to tutor online? Check out Chegg and TutorMe to get started.
5) Start a Dropshipping ECommerce Business
Want to start a scalable business, but worried about huge inventory costs? Dropshipping might just be your answer. With dropshipping, you can sell anything without stockpiling an inventory. Just drive sales to your online store, and the supplier will settle the delivery.
The downside is there are upfront starting fees. The upside though, is that you can earn way more than $3,000/mth if done right!
6) Building a Blog & Earning Through Affiliate Marketing
Dream of building passive income? Start a blog and earn through recommending others’ products! If you have a passion, write and share about it through your blog. Over time, you’ll build a large enough audience, to market to and earn full-time income (or more)!
Wondering what exactly to blog out? Here are awesome topics and niches to consider:
- Food & dining (take readers through a discovery of your favourite cuisine). Seth Lui is one awesome food & dining blog to check out.
- Saving money (document your journey on budgeting and wise spending habits). Check out Making Sense Of Cents to see how it can be done!
- Parenting (showcase your parenting skills and give young families tips on how to effectively raise their children). Get inspired by this mom blog that we totally love: Twins Mommy.
- Home decor (share your own renovation and decoration obsession with the rest of the world!). The Harper House is one great to read to see how to get started.
7) Become an Instagram or Youtube Influencer
Like taking selfies or videos? If you like becoming popular, you can be an influencer! You can share your interests with your content, to build an audience. Eventually, you can earn through ads, and linking back to your blog or online store.
For Instagram, you can earn $5 to $150 per post through Partipost. People may approach you for $50 to $100+ per promotional post too. To get started, start taking pictures or videos of your interest or life. As long as you consistently post new content, you’ll get better at it!
8) Offer SEO Services to Small Businesses
Interested in digital marketing? Learn SEO and start offering your services to small businesses online! SEO (Search Engine Optimization) helps websites rank higher on Google, so more people will visit the website.
Especially in this period, many businesses are looking to move online to survive. Securing one SEO project can net you $500 to $2,000+!
9) Website Design & Mobile App Development
Great at programming or website design? Hone your skills by helping others with their mobile app or website! As many businesses are moving online, they want to build their online presence. If you are skilled, they will be more than happy to hire you!
Snagging an assignment can earn you $500 to over $1,000. If you get better, you can earn $3,000+ for larger projects too.
Starting Saving Money While You Explore Your Options!
While you digest through these 9 ways to make money online, it never hurts to start saving money. When you switch your electricity retailer to iSwitch, you will enjoy savings of up to 30% off your current monthly electricity bill – that’s guaranteed money back in your pocket!
In fact, you could use these savings to start a small business or to fund that side-hustle you have been planning for a long time!
Learn more about our residential price plans here.