16 Successful Strategies To Make Money Online In 2023

 

How To Make Money By Sharing Your Favorite Amazon Products Online

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If you've ever watched a video in which someone features an Amazon product, it's likely they'll mention that it's linked in their Amazon storefront, but what does this actually mean? And how can you get your own Amazon storefront?  

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The reason influencers are always mentioning their storefront is because every time you buy something from their links, they earn a commission. These types of perks are typically limited to people with millions of followers, but not in this case. 

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Opening your own storefront is as simple as applying for the Amazon Influencer Program. Don't let the term "influencer" turn you away. Although the word sounds intimidating, you don't need millions of followers to be approved.

Amazon allows content creators with attainable amounts of followers to participate, too. For reference, I have 1.6K followers on Instagram and 6.1K on TikTok. I am by no means an influencer or actively trying to be one, and still got approved. 

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Instead of solely looking at followers, Amazon looks at other metrics, such as post frequency and engagement. From personal experience, you will get approved as long as you are consistently creating content.Liv Pure

How to become an Amazon influencer

In your internet browser, open this link to Amazon.Com. It will take you to the landing page to sign up for the Amazon Influencer Program. Then, click on the Sign up button. 

Here is the landing page to sign up for the Amazon Influencer Program.

Screenshot by Sabrina Ortiz/ZDNET

After you hit the Sign up button, you will be taken to a page where you can select the Amazon account you'd like to link to your influencer account. 

You can use your existing Amazon account, which will allow you to access your shopping history, product reviews, and the lists you already have within your account. If you'd rather create a new account to keep both accounts separate, or if you don't have one, go ahead and open a new account. 

Select the Amazon account you'd like to link or create a new account.

Screenshot by Sabrina Ortiz/ZDNET

Once you link your account, it will prompt you to answer a couple more questions, and add your social media handles, which will help determine if you are eligible or not. Since your approval heavily relies on your social media accounts, apply during a time that you have been actively posting on them. 

Also: It's official: Amazon will hold another Prime Day sale in October

Then the moment you've been waiting for -- *drumroll* -- you'll see if you get approved. If you don't get approved, don't be discouraged. You can work on your social media presence by posting more consistently and keep applying. 

If you did get approved, time to move to the next step. 

If you're approved, the page should look like this.

Screenshot by Sabrina Ortiz/ZDNET

Congrats, you're approved! Now it's time to set up the storefront. You will want to create idea lists with your favorite Amazon items or recommendations. Preferably, make lists that match your content so that it interests your followers. 

For example, CarterPC is an influencer known for his coverage of tech. Therefore, his storefront is stocked with his favorite tech gadgets. 

Also: Here's why everything on Temu is so cheap

Getting approved is only half the battle. You won't make money until your followers purchase items from it. Full transparency, even though I got approved, I haven't made a single penny. 

To make some money, you will want to share that link as much as you can. You can leverage your social media platforms and make content about your favorite Amazon finds to improve the visibility of your storefront. 

Screenshot by Sabrina Ortiz/ZDNET FAQ  What is an Amazon storefront?

An Amazon storefront is a page on Amazon that showcases an "influencer's" favorite Amazon products. Having a storefront is mutually beneficial for creators and followers because followers can easily find product recommendations from people they trust, while influencers gain commissions from the followers' purchases.The Hottest New Diet Offer On alpilean.com 

How much do you get paid as an Amazon Influencer?

The commission rates range from 1% to 20%, depending on the item and category. Amazon is transparent about the rates by posting a chart online that delineates the rate for each category. 

What qualifications do you need to be approved as an Amazon Influencer?

Amazon says, "We accept applications from all types of influencers, provided you have a YouTube, Instagram, or Facebook account. When reviewing your application, we look at the number of followers you have in addition to other engagement metrics." 

Can I apply again if my application to become an Amazon Influencer is rejected?

Yes, you can apply as many times as you'd like. If you get denied, don't give up! You can polish your social media presence by posting more often and then check again. Sometimes, it's just luck. 

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How To Make Money Selling Your Unwanted Items

The ongoing pressure from inflation has a lot of people looking for ways to save money. And with many now turning to second-hand items, it's been the perfect opportunity for online resellers to make some extra cash on their pre-loved home goods, sports memorabilia, and clothing. 

According to ThredUP, an online resale platform, nearly 52% of consumers shopped secondhand apparel in 2022, and that number is expected to rise in 2023. The trend is so strong that ThredUP predicts the U.S. Secondhand market will reach $70 billion by 2027, meaning there is plenty of money to be made by selling those gently used items collecting dust in your closet. 

If you're looking to get into the resale game, here are some ways to ensure you're getting the most bang for your buck. 

How to make money reselling your stuff What to sell 

The first step is to go through your home and collect the items you no longer want. This allows you to dip a toe into the resale world without making the financial commitment of buying inventory for your side hustle.

It's also a good idea to ask your friends and family if you can sell their unwanted items. Many people have gently used clothes or home goods that they want to unload, but don't want to do the work involved with posting them online.

"Whatever you make, invest it back into the business. That's how to get started without investing capital at the beginning," advises Chloe Binetti, who has been reselling handbags since 2012 and is a former Poshmark Ambassador, for which she says she was not compensated.

When you're ready to take the next step and buy items to resell, there are a few things to consider. Whether you're buying from a thrift shop, garage sale, estate sale or online marketplace, be sure to source items with lower prices. Resist the urge to overpay for an item, even if you believe it may resell for more. You can't be certain the item will provide a positive return on your investment, and purchasing it at a low price allows you to make more money or pass on the discounts to your customers.  

Knowing what's popular and trendy is important to consider when sourcing items. Not all brands are created equal when it comes to reselling, and according to ThredUP, the top-performing clothing brands include: 

Torrid 

Lululemon Athletic 

Madewell 

Zara 

Free People 

While it's important to follow trends, reselling items that are niche or cater to a specific audience can be a great way to increase your profits.  

"Remember, you only need one buyer. If you buy something 100 people are reselling, you're limited to the price range set by other people," says Binetti. "But with a one-of-a-kind or special piece, you have more ability to price it higher." 

How to sell

Choosing the right price for your items can feel like a daunting task, so it's important to go online and compare the prices of similar items. "Market research is important," says Binetti.  

While the instinct may be to price an item low to attract buyers, Binettii warns that that could limit your earning potential. "When people buy [used] items, they always have the expectation to haggle, so give yourself room for haggling," advised Binetti. "If you buy something for $200 and you want to resell it for $300, after haggling you may be down to $250, so give yourself room for negotiation." 

The most successful online resellers also know that presentation matters. Photos of the items you want to resell should be clear, well-lit, and cropped.  When it comes to clothes, take a few pictures wearing that dress or suit you're trying to resell. People like to see how clothing fits and are more likely to buy if you model it for them.  

Remember that transparency is paramount when listing items to resell. "Show pictures of the defects. People complain if there is a knick or pen mark they didn't know about, and that can lead to it being returned," says Binetti.

Where to sell 

No matter who you are or what you collect, there is a platform out there for every kind of reseller. 

When selecting where to sell your stuff, it's important to pay close attention to the fees each platform charges you for listing, shipping and processing your items. For example, Facebook Marketplace doesn't charge a fee for listing or selling any of your items, but you'll have to pay a 5% fee (with a minimum of $0.40) for shipping an item. Etsy, on the other hand, charges a listing fee of $0.20 per item for sellers using the free version of the marketplace.

Facebook Marketplace

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Fees

There are no fees for listing or selling items, but there is a 5% fee (or $0.40 minimum) if you choose to ship an item.

Shipping costs

Either the buyer or seller can cover the cost of shipping; Facebook charges a 5% fee (or $0.40 minimum) for shipping items, which can be paid by the buyer or the seller.

Availability

There's a web version of marketplace on Facebook.Com. You can also use marketplace through the Facebook app, which is available in both the App Store (for iOS) and on Google Play (for Android).

How do you get paid?

If you're using shipping as the delivery method, you'll need to enter your bank account information in order to get paid. After you've marked an item as shipped, it will take a few days for you to see the money in your bank account. If you're doing delivery in-person, you and the buyer can determine the payment method, such as cash, Venmo, etc.

Pros

No commission or payment processing fees

Since most people shop on marketplace based on region, you often won't have to deal with shipping

You can easily post listings if you already have a Facebook account

Cons

There's a fee for shipping items

Your items will likely only be viewed by people in your surrounding area, so it could be harder to find buyers depending on where you're located

Etsy

Fees

There's a free version of Etsy and a Plus Plan that costs $10 a month. Free users have to pay a listing fee of $0.20 per item. Plus Plan users get 15 monthly listing credits. There's also a transaction fee of 6.5% per item. For US sellers, there's a payment processing fee of 3% plus $0.25.

If you're selling an item in-person and accepting an in-person form of payment, you'll need a Square card reader and will pay a 2.6% fee plus 10%.

Shipping Costs

The cost of a shipping label depends on the origin, destination, weight, mail class, package type and dimensions of the package.

What devices is it available on?

Etsy is available on the web and as an app through the Apple Store or Google Play Store.

Pros

There are millions of potential buyers looking for handmade and vintage items on the platform

You can use it for in-person deliveries or orders

Cons

There are multiple fees and the fee structure can be hard to understand

You have to pay a listing fee even if your item doesn't sell

Once the money starts rolling in, it's important to remember that payments received via online platforms, such as Venmo, eBay, Etsy or Facebook Marketplace, can trigger a Form 1099-K from the IRS. This form shows the money received for goods and services from certain third-party sites, such as payment apps.  

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Bottom line 

There has never been a better time to dip your toe into the world of reselling. Start with the unwanted items in your home, source low,  and be sure to research the going rate of similar items online before locking in your prices. 

Lastly, have fun! The reselling community is dynamic and growing. There is room for everyone to participate and make money. So before you give those secondhand items away, try listing them online, and good luck!   

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16 Successful Strategies To Make Money Online In 2023

The world is becoming more virtual, increasing the number of ways you can make money online. An online work-from-home situation offers a lot of perks, including flexibility, a comfortable environment, and no stressful commute. Whether you’re stuck in an office and ready to make a change—or are just looking for a convenient way to make money on the side—check out this list of options on how to make money online. 

Ways to Making Money Online Start a blog

If you love to write and have something useful or inspiring to say, consider starting a blog. A blog is a website where you regularly share your ideas or expertise with your readers. Before you start sharing your thoughts, you need to create a website. You can hire someone to build it for you or do it yourself. Website builders like SquareSpace make it really easy to put together a website on your own even with no previous experience. Once your site is up, it’s all about writing good content consistently and promoting your blog to attract readers and subscribers. If you want to monetize your blog, you need an audience. Then, you can use methods like affiliate marketing (earning income through product recommendations) and ads. You can also create your own product or service and sell it on your website.   

Complete online surveys

If you’re looking to get rich, online surveys are not the way to do it. However, you can earn other rewards by sharing your opinions on different products or websites like Survey Junkie. By filling in surveys, you make some extra cash to spend on daily expenses such as gas and groceries, or you get gift cards for different stores and restaurants like Amazon, Walmart, and Target. 

Start a side hustle

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Having a side hustle or side gig in addition to a full-time job is pretty normal these days. Many people make a decent amount of money using side-hustle apps such as DoorDash or Uber. If you don’t want to go door-to-door delivering food—or don't have a car or the car insurance needed to become an Uber driver—you can look for other opportunities. With apps like TaskRabbit or Handy, you can get hired for random odd jobs in your neighborhood. If you want a side hustle that gets you outside and moving, check out the Rover app to find dog-walking clients. 

Sell websites (or online businesses)

Got a website or online business with a decent following or perhaps a desirable domain name registered in your name? There’s money to be made from flipping websites. You just need to know where to look. Often the biggest hurdle is figuring out how much the website or business is worth and finding interested buyers. Websites are said to be worth two to three times the annual profit they generate, although that isn’t set in stone and can vary considerably. For a better idea, consider getting a professional valuation. Once you’ve settled on an asking price, look for an online marketplace that specializes in these types of transactions. It’s important to find somewhere safe that can attract as many potential bidders as possible. Flippa, which also offers a free website valuation tool, is considered one of the best.

Write a newsletter

An online newsletter is an email you send out to your subscribers to share information or promote a product or service. Let’s say you have a blog or a YouTube channel that’s all about yoga. In your newsletter, you can promote your favorite yoga wear using affiliate links. If your readers click on the link, it’s money in your pocket. You can also use your newsletter to promote your latest online yoga workshops, your one-on-one online yoga coaching sessions, and your comfy merch. 

Create a Youtube channel

If you’ve always dreamed of being the next big YouTube star, now’s your chance. To make money on YouTube you need views and subscribers—lots of them. To qualify for the YouTube Partner Program, you need at least 1,000 subscribers with 4,000 public watch hours over the last 12 months or 1,000 subscribers with 10 million public short video views over the last 90 days. If you can meet these criteria, it’s possible to earn money. Using your YouTube Channel, you can try to profit from advertising revenue, channel membership, and selling merchandise in your YouTube store. 

Write an ebook

Have you been sitting on a book idea for years? If so, why not try to self-publish and sell an ebook online? From financial advice and self-help to cookbooks and fiction, there is no end to what you can write about. If you have expertise on a subject and want to share your knowledge, an ebook is a great way to get the word out. There are many online ebook publishers, including Amazon Kindle, Smashwords, and Rakuten Kobo. Writing a book isn’t easy, and it takes a significant amount of effort on the front end. But once you hit publish, your ebook has passive-income potential.

Voice-over acting 

For those with a beautiful, unique, or radio-announcer tone, have you considered voice-over work? Successful voice-over actors often have a background in acting (though it’s not necessary) and are able to do different characters or accents. Voice-over actors can find work narrating ebooks, online videos, or online ads. To get started, you will need a professional portfolio to share with potential clients. Voice-over acting also requires some initial investment. You’ll need to purchase a microphone and headphones, as well as voice recording and editing software.  

Become a virtual assistant

A virtual assistant is a remote worker who offers administrative support to different clients. Successful virtual assistants are organized, reliable, and tech-savvy. The exact job tasks you will do as a virtual assistant can vary greatly based on your skill set as well as what your client wants. Some services you might offer include: responding to emails, scheduling client meetings and appointments, transcribing documents, and coordinating travel or bookkeeping. If you already have administrative experience, this can make it easier to break into the industry, but it's not necessary. You can start to look for clients using platforms like Belay, Upwork, and Zirtual.   

Twitch streaming

Twitch lets gamers and other creators stream their content live. Similar to a YouTube channel, you make money by becoming a Twitch Partner or a Twitch Affiliate. There are several ways to monetize your content on Twitch, including subscriptions and “Bits.” Subscriptions (subs) allow your viewers to pay a monthly fee to support your channel. “Bits” are a virtual good that viewers can purchase to show their support and cheer on your content. As a Twitch Partner, you can also run ads on your streams and make money through sponsorship opportunities. 

Test websites & apps

If you like being paid to take surveys, you might also enjoy earning money or rewards to test websites and apps. Instead of answering questions about specific products, you get to use websites and apps and provide your feedback. Similar to taking surveys, you aren’t going to earn enough to replace your full-time job. But it is a fun way to get paid for your perspective. If you’re interested, you can check out sites like UserTesting, UserPeek, and Userlytics. In addition to your computer, you will often need a microphone to participate.  

Sell used items

Is your garage or hallway closet overflowing with stuff? Maybe it’s time to part with some of your old coats, toys, or kitchen appliances. Doing so not only frees up space in your household. It can also  earn you extra money. With online sites like Facebook Marketplace, Nextdoor, and Craigslist, you can reach a wide audience of people perhaps interested in buying your unwanted items. It might not even be necessary to mail the stuff you sell. If you sign up on a local website, you can agree to meet the buyer in person. 

Host on Airbnb 

If you have a spare room or home, you can consider listing it on Airbnb. Decide whether you want to rent your space full-time, part-time, or just when you’re away traveling. While renting your space on Airbnb is considered a passive form of income, there is work involved. First, you need to ensure your space is ready to rent. This might include sprucing it up with new sheets, towels, and maybe a fresh coat of paint. There’s also the task of cleaning the space after guests leave. You can do this yourself or pay a cleaner. To get started, you need to sign up as a host with Airbnb and post your listing. While signing up is free, Airbnb will collect a percentage of your nightly rate. Prior to posting, it’s a good idea to confirm you’re allowed to rent your space. If you are part of a homeowners association, there might be rules against it.  

Freelance writing

To become a freelance writer, you need to be a good writer, a strong researcher, and possess good organizational and time management skills. You don’t need a degree in journalism or English literature, though it doesn’t hurt. To start making money, you should have a portfolio with a few writing samples to share with potential clients. You can create a free writing portfolio on sites such as Contently and Muck Rack.  To find clients, you can use online job boards. Three options: Upwork, Fiverr, and ProBlogger. However, there’s a lot of competition on these sites and the pay is often low. Once you have some experience, you can start to pitch clients on your own and increase your rates accordingly. 

Dropshipping 

Dropshipping allows you to sell a product online without having to keep stock. Using a drop shipping app, your customers can buy products from your online store that then ship directly from your supplier to your customer. To make money, you charge a slightly higher fee than your supplier and keep the profit. Before diving into the world of dropshipping, make sure you carefully research the product you want to sell and the wholesaler from which you plan to buy. To stay competitive, compare prices set by other buyers to determine what you should charge. There are a number of fraud issues around dropshipping, so proceed with caution.

Print on Demand 

Print-on-demand (POD) lets you add your own designs to white-label products supplied by a third party on a per-order basis. Popular POD items include t-shirts, coffee mugs, tote bags, and socks. A benefit of POD is it eliminates the need to stock inventory, as everything is handled by the printing company. Many POD websites make it easy to set up your store and select products that you want to add your designs to. These companies will also print your designs and ship the products. To create your designs, you can use websites like Canva or you can hire someone else to create designs using sites like Fiverr or Upwork. To make money, you purchase your custom product for one price (let’s say $10), sell it for a markup ($22), and keep the profit. 

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Frequently Asked Questions (FAQs) How can I make $300 a day online?

It’s possible to earn $300 a day online freelancing. Many experienced freelance writers, web developers, graphic designers, and so on earn $300 or more per day. 

What is the fastest way to make money online?

If you need to make money fast, selling used items online is one option. You can use online marketplaces such as Facebook, Craigslist, or OfferUp to find local buyers and earn cash quickly. 

How do I make money online from my own website?

There are a variety of ways to monetize your website. You can earn money through affiliate marketing, by creating and selling a product or service, or by setting up a paid newsletter. 

How do I make money on Amazon?

Amazon offers several ways to make money. There are various selling options, including wholesale selling or retail arbitrage. You can also make money by self-publishing a book on Amazon Kindle, through its affiliate marketing program, or by delivering packages with Amazon Flex. 

How do I make money on TikTok?

There are several ways to make money on TikTok. For example, if you have at least 10,000 followers and more than 100,000 views in the last 30 days, check out the TikTok Creator Fund. Those who meet these requirements, are at least 18 years old, and based in the U.S., U.K., France, Germany, Spain, or Italy can start to earn money for engaging content. You can also sell products to your viewers or offer your fans the chance to see additional content using a subscription model.