There’s no doubt the internet has played an instrumental role in completely evolving the ways modern businesses and individuals make money.
Online marketing has become the norm, and the pandemic has accelerated the shift towards e-commerce and virtual meetings via platforms like Zoom.
Today, thanks to the digital revolution, no small or big businesses (no matter how popular or powerful) can fathom operating without a website or app. Providing modern consumers with optimized online shopping experiences has become a necessity rather than a preference.
Moreover, the streamlined accessibility to global consumer markets and the ability to identify and quickly market your products and services to your target audience have become easier.
You see, cutting-edge online tools, social media platforms, and access to big data analytics have allowed startups and small businesses to go toe-to-toe with large enterprises.
Small businesses no longer require a big marketing budget to thrive in their respective niches. This was almost impossible 20 years ago when only larger and well-established brands with massive financial capabilities dominated a bigger market share.
Plus, billions of people in the world have access to the internet. And with 67+ English-speaking nations on the World Wide Web, even startup businesses have access to an enormous global audience.
So yes. The internet has leveled the playing field for everyone to earn money.
As an individual wanting to make money online or an entrepreneur planning to launch an e-commerce business, here are some critical factors to understand:
With global access to your target audience, you don’t need a storefront to operate your business.There’s no need to store physical products or invest in a transportation system.There’s no need to hire employees, store managers, or any other staff. You can manage everything online.No need to acquire working capital anymore. Get paid as soon as your customers order a product online.
Sounds quite unreal, right? Well, it’s true. You can easily generate a passive income stream by doing small tasks like participating in different online surveys whenever you have the time.
A lot of small and big businesses and brands pay individuals to complete surveys. These surveys are mainly for consumer research and analysis and can help brands make the best decisions for where to launch their products, who to target, how to market their products, etc.
Some of the most popular online survey platforms include Survey Junkie, Swagbucks, and QuickRewards. You can earn up to $3 per survey.
According to research, it is estimated that the video games industry will surpass the $360 billion mark in 2023. There’s no question the video games segment dominates a bigger market share in the overall digital media industry.
As a result, there are now plenty of lucrative opportunities for individuals to generate a good side income as game testers.
As a game tester, you will identify a game’s features, gameplay, glitches, etc. You will help companies improve or enrich the overall gaming experience before that game’s public release. Game testers that have 1-2 years of experience can earn up to $47,000 per year.
Data-sharing apps have become a pretty popular way of earning a decent side income. And the best part is, you don’t have to do anything.
Apps like Honeygain, a crowdsourced proxy network, use a specific percentage of your daily internet data. The company offers this data to Fortune 500 companies that use it to implement their daily marketing campaigns.
What’s more, you can use Honeygain on a variety of devices such as Windows, Mac, Linux, and more. It’s mainly recommended for individuals who have unlimited data packages.
With Honeygain you can earn monthly credits for sharing a certain percentage of your bandwidth. And depending on how much you share consistently, you will be able to create a good passive income stream.
So there you have it. A look into how the modern digital era has enabled both businesses and individuals to transform their ideas into profit using the best social media platforms and technologies.