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How to Make Money Online

  • Swetha Y
  • Aug 14, 2020
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How to Make Money Online

The following are the ways to Make Money Online

1. Freelancing

What is freelancing?

Freelancing is a contract-based a profession where instead of being recruited in an organisation, the person uses his skills to provide services to multiple clients.

Globally, India ranks as the 2nd largest freelance workforce after the US with over 15 million people working independently in various sectors such as IT and programming, finance, sales and marketing, designing, animation, videography, content and academic writing. By 2020, 50% of workers are expected to go freelance.

The distinct shifts in areas like technology, culture, demographics and professional needs and goals have driven companies to reassess their human resource policies in order to accommodate the burgeoning freelance economy. It comes as no surprise that the start-ups in India is hiring 50 per cent of the total freelancing workforce. These companies are not only hiring freelancers or independent consultants at lower management. In fact, freelance CFO’s are also getting on board in order to help streamline a company’s finances.

Which are the Freelancing Job Categories? (Freelance Job Titles)

There are many Freelancing jobs that exist in the market. Here mention Top 5 Freelancing Job Categories

1. Data Entry

Data entry jobs are commonly flexible jobs. So, if you’re interested in pursuing a career as a freelancer, data entry might be the perfect field for you!

Most data entry jobs include entering data into a computer system or into some type of a secure file system and may include other types of clerical activities.

Companies: KForce, Kelly Service, Adecco, Working Solutions

2. Content Writer

Every organization needs a good writer to help convey their message and keep clear communication between a company and the world. Successful content writers technically know SEO, HTML, CSS, and WordPress.

Companies: Adecco, Valnet, Aquent

3. Web and Mobile Development

From helping with software issues to building operating systems, the computer and IT industry is an ever-evolving field. They design and maintain websites for businesses and also create programs for businesses.

Companies: All most all IT Companies hire a Freelancer

 

4. Photo & Video Editing

You need to edit the photos, make logos, generate QR Codes, edit videos for anyone. Companies, as well as a single person, needs these type of services.

Companies: Anyone

5. Accounting & Finance

Accounting and finance careers involve the processing of financial data, handling accounts payables and receivables, organizing records, and assisting with tax preparation. The job growth outlook for careers in this field depends on what role you choose.

Freelancing Jobs for Beginners (Best Freelancing Job 2020)

A list of the highest-paying freelance jobs, created for CNBC.com by the global freelancing platform Upwork, shows dozens of jobs in which freelancers can earn $90,000 per year or more.

Here’s a look at the highest-paying freelance jobs that should be in great demand in 2020, according to Upwork.

18 Best Freelance Websites to Find Work

1. Fiverr

2. Upwork

3. Toptal

4. Simply Hired

5. PeoplePerHour

6. Aquent

7. Crowded

8. The Creative Group

9. 99Designs

10. Nexxt

11. Writer Access

12. TaskRabbit

13. Skyword

14. Designhill

15. Freelancer

16. Guru

17. Hireable

18. FlexJobs

2. Transcribing

What is Transcribing?

Transcribing is a process wherein a transcriber listening to a recording of a meeting, interview or a court proceeding, types the contents up into a document. The typed document is then returned to the client, giving them a written record of what’s on the recording.

Rates for Transcription Services

 

Service Provider

Transcription Rates per Audio Minute

Turnaround

Verbal Ink

$1.50

3-5 Business Days

NYC Transcription

$1.50

3-5 Business Days

TranscriptionWing

$1.29

5 Business Days

Transcript Divas

$1.29

7 Business Days

GMR Transcription

$1.25

3-4 Weeks

Voxtab

$1.25

5-10 Business Days

Transcribe

$1.00

7 Business Days

Transcription US

$0.80

3 Business Days

Transcribe Interview

$0.80

3 Business Days

 

Transcription rates or rates for transcription services is a major concern for anyone before outsourcing the transcription project.

Rates for transcription services may vary based on the quality of audio, the number of speakers involved in the recording and the turnaround time.  As you know a transcriber will need to spend more time for a recording that has background noise or overlapping speech. There are various factors that affect transcription rates.

They are:

Audio quality or clarity.

The accent of the speakers.

The number of speakers or participants in a recording.

Turnaround time.

Transcript style like verbatim or intelligent verbatim and time-code.

Usually transcription companies charge between $0.80 and $1.50 per recorded minute for transcription. For value-added services like verbatim transcription and time-coded transcription, there may be an additional charge of $0.25 to $0.50 per recorded minute. Below are the rates for transcription services by various companies.

3. Online Teaching

Nowadays, there are many online platforms for tutors. You see you can teach via YouTube, Skype, Online whiteboards, and multiple other websites that promote online teaching. These platforms are excellent to share knowledge but might not have any financial benefits. Recently though there are many more websites that promote online teaching and are even paying teachers to put up courses on their websites. You can post your offline session video or can take live classes where you get students from all over the world. This only means that you will get a huge market to explore yourself as a teacher. Being an online tutor is slowly becoming a bigger deal because people have started understanding the value of online learning.

4. Virtual Assistant

A virtual assistant is an independent contractor who provides administrative services to clients while operating outside of the client's office. A virtual assistant typically operates from a home office but can access the necessary planning documents, such as shared calendars, remotely.

 

Virtual Assistant will perform various administrative tasks, including answering emails, scheduling meetings and making travel arrangements. For this role, a strong Internet connection is required, along with experience using communication tools like Skype.

How to become a specialist VA

Becoming a specialist VA starts with market research. What online skills are most desired by businesses right now? The last thing you want as a virtual assistant is burn out so make sure the role you settle for is one that excites you from the onset.

Check out hiring VA companies and job boards

Some specialist VAs use their personal networks to get clients who already know the value they bring to their companies. Their client portfolio will usually include at least one of these:

Small to Medium Businesses (SMEs)

Large corporations

Ecommerce websites

Legal firms

Accounting firms

Digital marketing agencies

PR firms

 

Solopreneurs

A few sign up on virtual assistant firms such as:

Prialto: It connects sales and admin virtual assistants with high-growth startups, executive teams and business owners.

99 Designs: This site allows designers to choose which industry, style and project they’d like to work on. They’re then paid within 3 business days after the project is done.

Toptal: Developers and creatives go through a rigorous screening process before joining Toptal. They only hire the top 3% of the virtual assistant candidates who apply monthly. This may seem daunting, but if you have a proven track record and you know your stuff, you can join this exclusive network that only caters to known brands.

Most specialists VAs prefer to work for global clients by signing up on freelance job boards, in particular:

Upwork: Different specialist VAs can sign up for short term projects, recurring tasks and full-time jobs.

Outsourcely: Specialist VAs can work with startups and businesses from around the world

 

Working Nomads: VAs can work on exciting projects while exploring the world.

 

 

 

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