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5 Easy Ways To Make Money Online In 2024

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Workers around the world are on edge. Every moment, they fear receiving the dreaded email, “Hello employee,” and losing their jobs.

With Tesla now in its fourth consecutive week of layoffs since April, its laid-off employees took to Business Insider and across LinkedIn to share their experiences and feelings during this nerve-wracking time.

One anonymous employee, speaking to Insider, related, “I keep waiting for Elon to send another email and tell us they’re finally done firing people. We need some level of closure or a sign that we can stop worrying about losing our jobs.”

Is this latest round of layoffs from Tesla a sign that things are really shifting in the workforce? Will the workforce ever return to its pre-pandemic stability?

It appears as though the workplace is undergoing a metamorphosis of sorts, in which the old layer—jobs as we once knew them—is being gradually shed off, while being replaced with the new butterfly that is side hustles, freelancing, and self-employment ventures.

Professionals everywhere desire a sense of independence and autonomy, to be able to take their careers and their financial future in their own hands, and work on their own terms without the constant threat of the rug being pulled from their feet.

The best answer to this is to find ways to make one’s own money, using what is already in your own hands to build passive income and financial freedom.

Making money online is a very attractive option for most people because it requires minimal resources and can be done from the comfort of one’s own home office—or bedroom, as the case may be. If you have lately discovered that your role has been eliminated or is at threat of elimination and you’re worried about your personal finances, here are some relatively easy ways to make money quickly. These side hustles will help you stay afloat until you’re able to get back on your feet, or until you’ve settled into a solid freelance venture.

1. Online Focus Groups
Companies are always looking for feedback on their products and services, to ensure viability before releasing to the public, so they’ll sometimes host focus groups to understand people’s initial feedback and reactions before committing to a full launch. Platforms such as User Testing, UserInterviews, and iPoint Market Research are great legitimate places to create a profile and put yourself forward to participate in focus groups and market research opportunities, many of which are hosted online. Compensation can be as little as $50 or go up to as much as $300 or more for a project.

2. Hosting Virtual Workshops

If you’ve just been laid off, or are under the impression that you soon will be, think about all the wealth of knowledge and expertise you have gained during your time working there, and throughout the years you have worked within your industry.

Chances are, you likely know many things that others don’t, so leverage this and work your knowledge and skills to your financial advantage. Host workshops and training events online, to teach others the skills you’ve learned. Provide participants with course materials (you can easily do this with AI instructional tools), and host workshops on remote video-conferencing software such as Zoom or Google Meet.

3. Selling Old Items On eBay

Have a mountain of collectibles in your closet, garage, or storage? It’s time to sort them and sell whatever you don’t need. Clothes, old toys, games, and vintage items can be valuable, especially if they are rare and difficult to find. You can even give them a full servicing with a few brushes of paint, and some DIY and cleaning tools, to restore their original color and quality, then sell them on eBay.

4. Affiliate Marketing

Identify a niche that is in high demand, which you are passionate about, then find products or services that align with that niche, and promote them in your blog, social media pages, or website, via affiliate links. You will earn a specified commission based on each successful sale. You can join affiliate networks such as Amazon Associates, ShareASale, or ClickBank to find products.

5. Remote Customer Service Jobs

Another way to make money online rather easily is by looking for remote customer service jobs. These jobs can be found either directly in a company’s career page, by joining call center and customer service agencies who are outsourced by companies, or by seeking for freelance or flexible customer service jobs on platforms such as Upwork. This is a great way to temporarily tie you over until you’re able to be more settled in your career.

All five of these ways to make money online can be set up within a few hours or days at most, and you don’t need to have substantive business capital or work outside of your home to get these off the ground. There are literally countless opportunities to make money online. Explore the different options and choose the ones that align with your goals.

Business

Seven mistakes to avoid when starting online business

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Starting your own online business can be exhilarating, offering endless possibilities for growth and success. However, this path is also filled with challenges and obstacles.

Studies have also shown that 90% of online businesses fail within the first four months of operation. So it is important to navigate this entrepreneurial journey with caution and foresight.

Without further ado, here are common pitfalls to avoid while launching an online business.

  • Not having a clear business plan

Most people might think a business plan is not needed because it is an online business. That is not true. You need a plan for every type of business.

Not just a business plan but a clear and realistic one. Having a clear business plan gives you something to work with as a guide. It tells you what to do, why you’re doing it, how to do it, and when to do what you have to do.

With a business plan in place, it becomes easier and you will not get lost in setting up the business.

However, make the plan flexible and subject to changes just as you adjust your strategies as a newbie. Over time it’ll become well defined.

  • Neglecting market research

One of the most crucial steps in starting an online business is conducting thorough market research.

There are a lot of businesses in the social media space already so if you are not clear about your goals and target audience you might get lost.

So do thorough research to fully understand your target audience, competition, and market trends.

  • Neglecting financial needs

Online business owners might neglect financial plans because they do not need to pay for physical stores.

However, neglecting financial planning can make your business fail faster than expected. So be sure to prepare financial projections for your business, at least for the first 12 months.

You should also identify your business’ major funding sources and ensure there is an alternate source as well.

  • Not seeking help when needed

The earlier you accept you can not do all that is needed to start your business alone, the better.

You are a new entrepreneur so you may lack the expertise in certain areas critical to running a successful online business, such as marketing, finance, or technology. So why not seek help from experts or your older colleagues?

Failing to seek help from experts or mentors with the knowledge and experience can hinder your ability to make informed decisions and overcome challenges effectively.

Remember to network. Talk to people already in the business, attend workshops, and be open to partnerships.

Also, be open to learning. Learn from your initial missteps, and learn from experts and fellow entrepreneurs.

  • Ignoring the importance of Search Engine Optimization (SEO)

Search Engine Optimization (SEO) plays a vital role in driving organic traffic to your page and improving your visibility in search engine results.

Many online entrepreneurs just post their products and fail to implement effective strategies to optimize the content.

However, making use of the best SEO practices will improve your visibility in search engine results, online visibility, and potential customer reach.

  • Believing more followers is more sales

When starting your online business, focus on more sales than followers.

Many online business owners focus heavily on getting new followers thinking when they have a large audience, sales will come.

However, having more followers does not mean you get more customers, especially when you do not have any market strategy to attract potential customers.

Instead of spending your time, energy, and money on getting followers, focus on nurturing relationships, boosting engagement with the right audience, and making them want to buy what you sell.

  • Poor customer service

Remember you are an online business owner so you need to make people trust you.

So, provide exceptional customer service that will enhance loyalty. One of the excuses most small business entrepreneurs give is that they are still small so they don’t need any serious customer service. Believing customer service is for bigger businesses.

However, this is a costly online business mistake you should avoid. So, enhance to provide good and seamless customer service if you want your business to be successful.

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Business

NDPC fines four banks, three companies N400m for data violation

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Nigeria Data Protection Commission (NDPC) says four banks and three other companies have faced sanctions and incurred fines totalling N400 million for infractions related to breaches of citizens’ data.

Vincent Olatunji, national commissioner of NDPC, made this known on Tuesday while reporting on the one-year implementation of the NDPC Act.

On June 14, 2023, President Bola Tinubu signed the Nigeria data protection bill into law.

In the legislation, the establishment of NDPC to replace the NDPB was introduced.

The commission is expected to protect citizens’ private information and be independent.

According to Olatunji, over the past year, more than 1000 financial institutions, schools, insurance companies, and consultancy firms have undergone investigations for breaches of citizens’ data.

He also said there are ongoing investigations concerning data infractions.

Olatunji also highlighted that the activities of the NDPC have led to increased levels of compliance with the Nigeria Data Protection Act in both the private and public sectors.

“When we started, the levels of compliance within the private sector was about 49 percent while the public sector was 4 percent. But today, private sector compliance is above 55, while the public sector has reached 15 percent,” Olatunji said.

“The nation’s data ecosystem is now worth over N10 billion and the commission considers it imperative to ensure that citizens’ data are safe, secure and protected in line with global best standards and practices.”

He further said Nigeria is now at the forefront of the activities of the global data assembly due to the Data Protection Act 2023 and the impact of the data ecosystem on the national economy as nations like Kenya, Ghana, China, Singapore, and Malaysia, among others now share experiences with Nigeria.

“The Data Protection Act 2023 is a major milestone for Nigeria. Mr President laid our apprehension to rest when he signed the Act on June 12, 2023,” he said.

“It was a major turnaround for the industry. Now the data ecosystem is beyond everybody because it is a global phenomenon due to the impact of technology.

“In terms of jobs and wealth creation, promotion of tourism, perception and attraction of foreign direct investments into Nigeria, we have taken a leapfrog and even overtaken some countries.

“And that’s why Nigeria was given the hosting right for 2024 All African Data Protection Commission’s and Institutions. About 30 countries will be here next year for the event.”

NDPC TO COLLABORATE WITH REGULATORS TO ENSURE COMPLIANCE WITH ACT

Olatunji said the NDPC now collaborates with the Central Bank of Nigeria (CBN), the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), and other regulatory organisations to make sure stakeholders under their supervision abide by the Data Protection Act.

According to Olatunji, capacity building, awareness raising, and stakeholder engagement have raised the bar for compliance within the ecosystem.

He also said to check the activities of digital loan platforms, the commission collaborated with CBN, the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Economic and Financial Crimes Commission (EFCC) and other regulatory authorities.

The national commissioner, however, said awareness would continue to be created for vulnerable Nigerians who become victims of the loan sharks due to ignorance.

Olatunji also said the country’s population and landmass are a challenge to a total clampdown on the digital loan sharks as most of them operate from isolated or remote areas without known addresses.

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Business

FG to give transport unions 50% subsidy on CNG vehicle conversion kits

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The federal government says it will subsidise compressed natural gas (CNG) vehicle conversion kits for members of transport unions.

Micheal Oluwagbemi, programme director and chief executive officer of the Presidential Initiative on CNG, said the government has procured over 20,000 conversion kits that will soon be deployed.

He said the conversion incentive programme will start with members of the National Union of Road Transport Workers (NURTW), Road Transport Employer Association of Nigeria (RTEAN) and Nigerian Association of Road Transport Owners (NARTO).

“We are launching what we called the Conversion Incentive Programme with members of the NURTW, RTEAN, and NARTO being our immediate focus,” he said.

“This is because they are the operators in the road transport sector providing 90 per cent of the transportation in the country to members of the public.

Oluwagbemi said the conversion kits will be available to the transport unions at a 50 percent discount, adding that installation cost is free.

“We are already negotiating with our partners who will initiate that project in the next week,” he said.

“We have already identified eight conversion centres in four states, namely Kwara, Lagos FCT, and Rivers that will pilot the programme.”

On his part, Uba Sani, governor of Kaduna, commended the federal government’s initiative to help the union workers switch from petrol-powered vehicles to CNG-powered vehicles.

Sani, who was represented by Ibrahim Hamza, commissioner for works, said transportation is one of the major promoters of socio-economic activities in the state.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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