6 Ways to Monetize Your Digital Skills 

Whether you need some extra cash to cover for your lifestyle expenses, or you want to start a whole new career and leave the current one behind, the online world is the place to begin your search.

With 58,8% of the global population actively using the Internet, the digital world has become a significant part of our everyday lives. If you have the right skills and knowledge you can leverage, you might be just a few clicks away from your new vocation.

Here are a few money-making ideas to get you going.

Start  a freelancing career

If you’re experienced or educated in skills such as writing, translation, programming or graphic design, you can bid for projects on various platforms such as Upwork, Toptal or Freelancer, and look for the clients to monetize your skills. It may not go as smooth as you would like at the beginning, so a general recommendation is not to be too picky about the projects you choose – as you pile up some good recommendations for your work, finding the next opportunity will only get easier.

Freelancing may be a side gig, or a full-time job, any way you like it. As time goes by, and you successfully build your own portfolio, you will be able to choose your clients and start charging more.

Let your money do the work

Another way to increase your earnings is by investing your money to make more money. If you have a keen eye for market trends and are willing to learn as much as you can about the nature of investing, you can think about giving online trading your best chance. Begin your venture with browsing trading platforms such as Ever Forex, and gain access to some first-rate trading, as well as all the support you may need.

If you’re faint at heart, it might take a while to get used to this way of money-making, but with some skill and luck, you can make the right investment in the foreign currency, for example, and earn your weight in gold.

Share your knowledge

The Internet offers unlimited opportunities for those who want to improve or gain knowledge or skills. For those digitally proficient, who also have knowledge or expertise in a certain area, and know how to pass their knowledge to others, teaching is a great way of earning money online.

There are many forms you can use for teaching:

  • giving online classes to individuals or groups,
  • making Youtube videos,
  • writing e-books,
  • applying for positions in online institutions,
  • starting your own online course.

Basically, you can teach whatever you’re really good at, starting from mining Bitcoins, running a non-profit organization, using InDesign, cooking, mechanics, Spanish language, etc. Choices are indefinite, as long as you have skills and passion for a topic.

Sell your arts and crafts

The online world knows no borders, and with the rise of e-commerce, if you’re digitally native, you can sell your arts and crafts all over the globe. Etsy, the largest customer-to-customer and peer-to-peer trade commerce, had 2.1 million active sellers in 2018, while the number of active buyers was over 39 million.

Apart from Etsy, there are some other marketplaces you can try out too, such as Amazon Handmade, Facebook Marketplace or Facebook Shop. Starting your own website where you could promote and store your own goods is a great idea too, as it will make your business look more professional to your customers, and the content you provide on your pages could make you stand out from all the others on the market.

skills

Have your own blog

When it comes to earning money from blogging, the first thing to know is that you shouldn’t expect immediate results from your creative efforts. Blogging is more an investment you’re making for your future when the returns will start to grow exponentially. This is a perfect choice for those who have something relevant to say in their unique way and enjoy creating content in various forms, such as articles, videos, podcasts or infographics. It can be a perfect solution and bring many sponsorships both to a stay-at-home mom talking about her experience and to a globe trotter sharing their fascination with a foreign culture.

For starters, you need to find a niche you’re really passionate about, which you will mostly focus your content on, and find the topics which could be useful or interesting for your potential readers. You will also need to learn how to spread the news about your blog posts and make it accessible to your target audience, so some basic knowledge of digital marketing is necessary.

Work as a virtual assistant

Another way of monetizing your digital skills is by starting your own virtual assistant business and provide administrative, technical or creative support to other small businesses or start-ups. The startup costs for such a venture are minimal, and you can choose whether you will offer general services or specialize in certain areas you’re expert in, such as digital marketing or social media.

It can be a bit rough at the beginning until you find your first clients, but after you’ve formed a long-term relationship with some of them, you can ask for recommendations and referrals, and spread your business network much easier.

While being digitally proficient is essential for monetizing your other skills and talents online, you don’t actually need to be a master. Improve and advance skills you already have, find a perfect match and take the digital road to your financial independence.

 

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