How to Make Money Online with KOTB Paraphraser Tool
1. Make Money Blogging
Method Stats:
- Setup time: a few hours to a few days – you have to create a website, configure the design, and publish posts
- Age threshold: 18+
- Time of payment: varies depending on the income sources
Blogging is an excellent way for avid writers to earn income. Many people start a blog to share insights, express views, and establish brands. Some popular blogs are Say Yes and Anywhere We Roam.
You can start a blog about any topic. Researching popular blog ideas can help you find a profitable niche. Some blog niche examples include travel blogs, food blogs, and book blogs.
The most common ways to make money blogging are through advertising, affiliate marketing, brand sponsorships, and selling products.
To have a profitable blog, find a niche and build your audience by consistently posting quality content. Implementing effective marketing and search engine optimization (SEO) strategies is also important.
2. Publish eBooks
Method Stats:
- Setup time: uploading your book to the site can take just a few minutes, but writing the book can take up to a few years, depending on its topic and length
- Age threshold: 18+
- Time of payment: 30-45 days after the end of the month in which the sale occurs
The rise of self-publishing has made it possible for anyone to publish eBooks. It’s an excellent option for beginners since there are no printing or shipping costs.
To publish an eBook, submit your writing to a self-publishing platform. There are two types of publishing companies – retailers and aggregators. Retailers sell books directly to customers, whereas aggregators distribute them to retailers at additional costs.
The revenue you generate from eBooks will depend on the publishing company’s royalty policy. For example, Amazon Kindle Direct Publishing pays up to 70% royalties for books sold on the Kindle store.
Aside from Amazon, here are other eBook publishers and their royalty rates:
- Barnes & Noble Press. Provides a 70% royalty rate for eBook sales.
- Kobo Writing Life. Gives authors 70% of the book’s list price if the book costs at least $2.99.
- Apple Books for Authors. Offers writers 70% royalties for eBook sales regardless of the cost.
- Smashwords. The world’s largest indie eBook distributor, charging a 10% commission when selling to other retailers and libraries and 15-18.5% when selling on their website.
- Draft2Digital. Lets authors earn 60% royalties of their eBooks’ list price.
Before self-publishing an eBook, don’t forget to thoroughly check for formatting issues, typos, and grammatical errors. Also, consider hiring a graphic designer to help create an appealing eBook cover.
3. Become a Content Writer
Method Stats:
- Setup time: a few days to a few weeks – some companies or clients ask for a writing sample before approving you as a writer
- Age threshold: 18+
- Time of payment: every week or upon request – varies between sites
For those with a knack for writing, becoming a content writer is one of the best ways to earn money online. Content writing makes for a profitable side gig or full-time remote work with an average pay of around $60,000/year.
In addition to writing skills, this career path may require SEO knowledge. Knowing the basics of HTML and CSS can also help, especially when working with a content management system (CMS) like WordPress.
Many content writers have websites to showcase their writing skills and work portfolios. If your blog takes off, it’s also possible to make money online by monetizing it.
Try your luck on job boards like Fiverr and Freelancer where many freelance content writing gigs are available. Alternatively, join a content writing agency to get steady work opportunities.
Some of the best content writing agencies to work with are:
- Verblio. Provides all kinds of content types, from blog posts to press releases.
- SEOButler. Seeks US and UK-based freelance writers.
- Express Writers. Hires writers and editors to work with a massive network of clients worldwide.
- Textbroker. Offers gigs to write unique custom content with free registration, flexible time management, and weekly payments for US citizens.
