how to make money onlineMany people, even the highly successful, look back and wish they’d spent more time with family and less in the office.

They regret getting caught in the rat race, the endless hours in a job that didn’t reward them enough, and loyalty to a company that didn’t truly appreciate them.

But it doesn’t have to be your story. While working 40-hours a week and eventually retiring with a pension is what society considers the norm, there is a better way.

Believe it or not, you can out-earn a full-time salary with part-time hours. Yep, that’s right, you can achieve financial freedom while enjoying loads more precious time with your family and loved ones.

Assessing the Best Opportunities That Exist Today

If you want to achieve financial success and more family time today, the best opportunities are those that offer ways to make money online.

Why? Because it immediately frees you from a physical workplace, long commutes, office dynamics, and the employee mentality. To truly enjoy maximum family time, you’ll definitely want to be able to work from any location and set your own hours, which working online can offer you.

How else will you be able to take five family vacations abroad a year?

There’s no shortage of money-making opportunities online either, as working remotely opens you up to the whole world rather than being confined to job opportunities in your local area.

But, not all online work is created equal; some offer better opportunities than others. So, when building digital skills, you should master the most valuable and sought-after ones.

Here are some of the main ways you can make money online and why we think one option far surpasses the rest.

Opportunity 1 – E-Commerce

You’ll often see online sellers bragging on social media about how much revenue they generate on their dropshipping store. But, the truth is profit margins can often be slim. If they say they’re turning over $100,000, actual profits from that might only be $10,000. 

Plus, setting up an e-commerce store will require some cash investment for things like stock, web hosting, and advertising, and there’s always the risk your product won’t sell well.

Opportunity 2 – Amazon eBooks

Another popular way to make money online is by authoring and selling eBooks on Amazon or Audible. Once you’ve done the hard work of creating the book, it can be a good way to earn some passive income.

However, it’s a competitive market, and Amazon takes a significant cut of your sales. Success also often depends on your marketing skills. All in all, selling eBooks as your sole source of income can be a time-consuming and somewhat uncertain endeavour.

Opportunity 3 – YouTube and Streaming

It’s certainly true that the top content creators can make an awful lot of money. MrBeast is on his way to becoming the first YouTube billionaire. However, in reality, it often takes years for YouTubers to start making enough income to support themselves financially. 

That means you’ll be shooting and editing videos for days and months on end to build your channel before you have anything to show for it. Not exactly conducive to financial freedom and more family time!

Opportunity 4 – Crypto, Stocks, Forex

A small minority of people get rich trading the financial markets, but the vast majority, like 90%, fail or lose money. And even if you are skilled enough to be part of the top 10%, you need a significant amount of capital to begin with if you want to do it seriously.

Professional traders may earn around 2% to 10% per month. This means you might be able to earn $10,000 on a good month if you have $100,000 to invest. In our opinion, there are simply easier and less risky ways to make this kind of income.

Opportunity 5 – Freelancing

Whether it’s graphic design, writing, web development, coding, or customer support, there are plenty of ways to make money online as a freelancer if you have the appropriate skills. The benefit of freelancing is that you can generate an income quickly with little risk or cash investment up front.

However, there is a major drawback. Freelancing is essentially the same as a regular job but done online. That means you’ll be stuck on an hourly wage, trading your time for money. What’s the point of being location-independent if you’re stuck behind a screen 8-hours a day?!

That brings us to our final option, the one we think is the best…

Opportunity #6 – Digital Marketing

If you want financial freedom and to enjoy more family time, digital marketing is one of the best options.

Digital marketing is such a versatile skill, so once you master it, you can work in any industry that interests you. Plus, it is immensely valuable and heavily in demand, meaning there will never be a shortage of lucrative work opportunities.

Why is this the case? Digital marketing solves a crucial problem that almost every business faces: generating more leads and sales.

If you can help a company grow with these two vital things, they’ll be more than happy to pay you substantial compensation for your services.

But there’s more to it than that. As a digital marketer, you can benefit from some amazing perks that make achieving financial freedom and relishing more family time way more likely than with the other opportunities we mentioned.

Here’s what we mean:

  • Digital marketing is results-driven, meaning you earn based on the value you provide, not your work hours. 
  • You can earn some fantastic performance-based rewards (commissions) if you help a company grow its leads or sales.
  • Digital marketing is scalable and automatable, meaning you can grow your business and earn more while putting fewer hours in.
  • You don’t need to invest lots of cash up front and can start generating income within 2-8 weeks, even if you have no prior experience.

As you can see, digital marketing is the perfect vehicle for those who want to escape the office and spend more time with loved ones while earning more.

The Digital Marketing School is committed to helping people realise this dream. And best of all, it costs nothing to begin. Start by registering for our next 4 Week Sprint.