With 2021 behind us, it’s time to plan your activities to make sure that your 2022 will be off to a great start. Thankfully, industry experts are expecting 2022 to be a better year. According to Deloitte, consumer spending will increase in 2022, with personal consumption expenditure (PCE) expected to reach 3.0%.
Source: Deloitte Insights
While this positive forecast is welcome news for some, others may still find it challenging to adjust to the abrupt changes that the past two years have brought. This means those who wish to supplement their income should look into different ways to earn money from home.
For those that prefer to be digital nomads, there are many different options for working remotely. Imagine, traveling the world and getting paid at the same time! You could quit your day job and become a freelancer, there are several easy freelance jobs you could get started with. With todays technology, you could even even work from a cruise ship, check out this hack on how you can text for free from cruise ships.
Different Ways to Earn Money from Home
There are many different ways that people earn money from home. From freelance writing gigs to personal travel planning services, the possibilities are endless. Here are some money-making activities you can do at home:
#1. Sell Handmade Items
If you’re a passionate craftsperson, you can use your talent and passion to earn extra money. You can make candles, bath bombs, and jewelry, and sell them online.
You can make your products more appealing to your buyers if you personalize them based on their requests. Many online consumers prefer to buy handmade items to add to their collections or give them away as gifts.
Learning to create handmade things is easier than ever. All you need to do is read instructional blogs online or watch YouTube video tutorials. Practice and perfect your craft and sell your products online.
You can take advantage of many online platforms to sell your products. You can create your own store via Shopify. You can become an Amazon seller or promote your products on different marketplaces, like Instagram, Etsy, Facebook, and eBay. A healthy variety in the products you sell will help you cater to a wider consumer base.
#2. Start Selling on Amazon
If you have a lot of time on your hands and want to start a business in the comfort of your home, becoming a seller on Amazon can help you earn as much as $1,000 monthly in sales. If you become a superseller, you can stand to earn up to $3 million annually.
While only 6% of sellers managed to enjoy revenues of more than $250,000, it doesn’t mean that you can’t leverage the world’s biggest online marketplace to earn money from home.
Many sellers make good money when they resell items on Amazon. They diligently source products they can buy for cheap and offer them at a more competitive price than other Amazon sellers. It’s one strategy you can look at.
#3. Become an Affiliate Marketer
If you want to earn money from home in 2022, you can become an affiliate marketer. Affiliate marketers make money by advertising products and services on their sites, apps, or blogs. You can receive commissions when your referrals convert to sales.
According to Scaleo, 48% of affiliate marketers worldwide earn $1,660 per month or $20,000 annually. Statista also reports that affiliate marketing spending will reach $8.2 billion by 2022.
To become a successful affiliate marketer, you must choose a niche that will allow you to efficiently convert leads to sales. Overextending your reach and offering too many different things can make your efforts ineffective, thus, failing to give you the results you’re aiming for.
Learn about your target audience, and once you’ve identified who you want to sell to, the rest will come easy. Begin with a quick assessment of what you want to advocate for and who you want to engage. Once you’ve staked your corner of the internet, it will be easier for you to choose the products or services you wish to promote.
#4. Write Reviews for Money
If you’re passionate about giving your opinion on products and services, you can take advantage of writing honest reviews for money. You can join several platforms to post your thoughts and make recommendations.
Customer reviews help consumers decide whether it’s worth buying a product or trying a service. One study showed that more than 70% of consumers read consumer reviews, and that online reviews greatly influence 85% of buyers.
For these reasons, companies are willing to pay people to post honest reviews because they can significantly boost their businesses.
#5. Become a Part-Time Social Media Manager
Social media marketing has become a very profitable strategy for businesses, and many are willing to employ people who will help them manage their online engagement with consumers. According to the US Bureau of Labor Statistics, demand for advertising, promotions, and marketing managers will grow by 10% within the next decade, with an annual wage of $133,460.
If you can’t take on full-time work, you can take on simple tasks such as answering comments on Instagram, managing a chatroom or Facebook group, or creating graphics that will be posted on various social media platforms. There are so many different niches you could focus on.
Source: US Bureau of Labor Statistics
Conclusion
There are various ways to earn money from home in 2022. You just have to identify your strengths and make them work to your advantage. If you’re crafty, go for handmade products. If you’re more tech-savvy, you can offer your skills and services as a social media manager. If you believe you are resourceful enough to look for products, advertise, and sell them online, becoming an Amazon seller is the best option. No matter which of these you choose, plan carefully before the actual execution.