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According to FindStack, 16% of companies around the world operate entirely remotely. This figure reflects the ongoing trend of remote workers replacing in-person employees, and the phenomenon has opened a world of opportunities for many people. If you’re unemployed or simply seeking a side hustle, there are plenty of ways you can make some extra money through online work. Consider these six tips from Boss Babe Chronicles for earning an internet-based income.
1. Find the Right Kind of Work
When you start researching online work opportunities, you’ll see that there are a wide array of options. You can apply to companies seeking remote customer service agents, for example, or you can capitalize on your skills and advertise on a freelancing platform.
2. Look for the Best Opportunities
Although there are many online work options to choose from, many of them may not be worthwhile. To find remote jobs that pay well and match your skills, search for remote positions on online job boards and filter the results based on the minimum salary you’re looking for.
3. Identify Your Top Skills
You should also take the time to identify what skills you possess that may be the most marketable. If you’re knowledgeable in certain academic subjects, you may be able to find a remote job opportunity as an online tutor. Conversely, creative skills such as illustration, writing, or design may make you a good candidate for a freelancing career.
4. Stay on Top of Taxes
If you opt to pursue work as a freelancer — or you accept a position as an independent contractor — you need to be sure to stay on top of your tax obligations. Many online jobs pay workers via 1099 rather than W2, which means that taxes are not automatically withheld. In this case, you will need to pay quarterly taxes in order to avoid penalties.
5. Be Aware of Potential Scams
Unfortunately, there are many scams purporting to offer lucrative work-from-home opportunities to job seekers. If a job pays a salary that seems too good to be true, it likely is. Similarly, some ads for online work will ask applicants to pay a fee before they start earning wages. If you see any jobs that ask for payment or advertise unrealistic wages, there’s a good chance they’re scams.
6. Start Your Own Business
If you want to break free from the expectations of an employer, there are many ways that you can leverage the web to start your own business. Many entrepreneurs decide to start their own business, for example, by venturing into the world of eCommerce.
If you are considering working as a freelancer, you could also start a business to offer your services to clients rather than using platforms that may take a cut of your earnings. Forming an LLC may be beneficial because it can reduce your tax liability, requires less paperwork, and offers more flexibility than some other business models. Do some research on your state’s LLC formation laws and contact a formation service to learn about the next steps.
Next, you need to build your website! Particularly if you’re involved in e-commerce, your online sales platform must be flexible, scalable, and extensible. Luckily, there are solutions that can provide you with massive time efficiencies while giving your customers the streamlined experience they expect and deserve.
Make Money by Working on the Web
As remote work becomes more popular, many people are discovering that they can make money with online jobs and other opportunities. Start your own business or discover the benefits of freelancing when you decide to make money online. Mariam, the creator of Boss Babe Chronicles, is here to help you navigate the tough world of adulting. If you have any questions, don’t hesitate to ask
