5 Ways To Earn Money Online Without Investment.
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There are so many ways to make money that initially requires you to invest money – But that may be kind of risky. You may be extremely broke and now figuring out a way to make money. Where then will you get money to invest in the first place?
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What if you have some money, you invest into this thing and you realize it is a scam – or along the way, you realize that this isn’t your thing? That would mean you have wasted your money!
What if I told you there are some ways to make money online without any investment financially?!
Five of these ways have been outlined and thoroughly explained – Thus, all you have to do is to decide what’s best for you after reading this article to the end.
However, without investment doesn’t mean “no investment” at all – Hard work is required because that’s actually the foundation to wealth and financial freedom.
So let’s have a look at these 5 ways to make money online without investment quickly.
How To Earn Money Online Without Investment
1. Become an Affiliate Marketer
This is how affiliate marketers make money – Affiliate marketers advertise companies’ products to people on the internet, once interested people buy whatever they’re promoting through a link these companies gave to them, they get an instant commission.
As you’re very much aware, there are many companies selling products and services to the world. What these businesses want is to make sales and they can’t do it without marketers.
How To Become An Affiliate Marketer
This requires no skill to start except the ability to explain to people the need to buy a product.
Moreover, brands do not ask for anything complicated when applying to become their affiliate.
You’re just required to provide your name, email, your address, bank details( Paypal, Payoneer or Stripe account details can be given depending on the company), and some other personal details.
I decided to demonstrate how joining an affiliate program is like – I joined Under Armour for this reason. The company produces sports and casual apparel, as well as footwear.
Most companies have their affiliate programs’ section at the footer part of their website – So I scrolled down and found it.
This must take you to another page, where you have to select Signup and Join Program.
So on the next page, you’re required to fill out the form. You’re asked for the company name, that’s the name of your website or blog if you have one, tax residency, email address, etc.
These are pretty straight forward and you must be done within a few minutes.
Under Armour gives you a 5% commission on every purchase made via the unique link that will be provided for you after you’ve signed up. Plus a 30-day Cookie. Meaning, when someone clicks on your link, the only instance you wouldn’t get the commission is when it takes the person more than 30 days before buying the product.
Some Of The Best Affiliate Programs
Where can I put affiliate links?
Affiliate links can be put on most of the social media platforms(Facebook, Quora, Youtube, Instagram, etc). Create a short piece of helpful content that relates to the product or service you want to promote – leave your link in the content where appropriate and then lead interested people to the product’s page.
2. Become a Customer Service Representative
Customer Service Representatives are needed by basically every company out there. If you are calm in nature and have the patience to listen to complaints, then I guess this would be a great way to start earning money online as a Customer Service Representative.
How To Become A Customer Service Representative
- Education: High School Diploma is more than enough.
- Skills Required: Communication and Computer handling.
- Training: Companies have on-the-job training which lasts for a few weeks.
What Are The Duties Of A Customer Service Representative?
As a customer service representative, you give a comprehensive explanation of an organization’s products and services to customers. You also take care of customers’ complaints and the processing of orders.
What Are The 3 Most Important Things In Customer Service?
There are many situations where I never went back to a store when I didn’t get a good experience as a customer. Thus, in customer service three most important things are; being patient with customers, putting customers first, and being professional.
Is It Hard To Be A Customer Service Representative?
Every company has its unique way of handling customers, that’s what would require some time to become proficient in. Moreover, working in insurance and finance would also require enough time to learn all the complicated financial jargon. All the same, it literally isn’t a hard nut to crack.
Some of The Best Companies For Customer Service Representatives
- T- Mobile US.
- Verizon Communications
- AT&T
- Xerox
- Walmart
- Comcast
3. Become a Freelance Writer
If you love writing, then why don’t you start writing for businesses, bloggers, etc?
Generally, freelance writers write content for various publications including websites, newsletters, press releases, proposals, emails, internal corporate, blog posts, and many more.
According to ZipRecruiter, the average annual salary of freelance writers in the U.S. is $63,213. But how much you can earn is beyond imagination. CNBC showed a story about Alex Fasulo who makes $378,000 per year ghostwriting blogs and e-books on Fiverr.
Freelance Writing Benefits
Even though being a freelance writer there wouldn’t be anything like a monthly salary or pay to fall back on when the unexpected happens – It’s still rewarding. Since you have the freedom to choose who to work for. You can also work from any location without worrying about commuting.
Upwork and Fiverr is the best digital platforms if you want to offer your service as a freelance writer.
How Much Do Freelance Writers Charge Per Word?
Beginners can expect around $0.02 per word – But experienced writers get paid between $1 and $2.
4. Become a Virtual Assistant
Are you aware that virtual assistants are in high demand and it’s expected to skyrocket in the future? During the Covid-19 lockdown, many businesses realized that it isn’t even necessary for employees to be physically present all the time – Hence the high demand for virtual assistants.
Your role as a virtual assistant is to manage the administrative services of the business without necessarily being present physically.
What Skills Should a Virtual Assistant Have?
- Communication
- Typing
- Organization
- Basic Accounting
- Detailed- Oriented
- Creativity
- Time management
- Internet Marketing
Ways To Find a Virtual Assistant Position
I highly recommend that you join Zirtual – A virtual assistance company. This company is now currently available to only U.S. residents. Once you join, don’t worry about searching for clients!
Apart from Zirtual here are other virtual assistance companies you can join:
Moreover, you can join these freelancing sites as a freelancer. I recommend Upwork, Fiverr, Guru, People Per Hour, and Craigslist.
5. Take Surveys Online
Making money through taking online surveys is very real. However, the money you would be earning isn’t pretty enough for a living.
Typically, taking surveys can make you between $50 and $100 per month( Roughly between 20 cents and 5 dollars per survey completed).
Nonetheless, if you don’t mind making some extra bucks, then I would say go for it.
There are many survey sites you can join.
Some are:
Suggested Post:Take Surveys Online And Get Paid.
Is taking surveys for money legit?
Yes of course! Taking surveys for money is legit but take note – There’s no existing survey site that would pay you around $50 per survey. Therefore if you come across such an offer, be cautious because it might be a scam. As said earlier, expect between 20 cents to 5 dollars.
Take Note: Stay away from survey sites that would demand money before allowing you to join. Also, be aware that this takes time to earn some money – On Survey Junkie for instance, you have to get an accumulated point of 500 before you can cash out $5.
Final Words
These are just a few of the ways to earn money online without investment. There are tons of opportunities out there for anyone willing to put in the effort to achieve greatness.
If this article was helpful, consider sharing it with others.
Feel free to leave a comment – your contribution is highly welcomed.
Manuelo is an entrepreneur and a personal finance nerd. He is the founder of Dollars And Freedom. An expert in side hustles, online gigs, and everything about making money. His works have been featured on major financial publications, like Business Insider, GoBankingRates, Investopedia, Entrepreneur, and more. When he’s not busy with his blog or writing for others, you’ll catch him hanging out with loved ones or reading books on stoicism and self-development.
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