7 Ways to Generate Extra Income in 2021 | Ecommerce Series

It is so important to have multiple source of income nowadays.

Here are some of the ways that you can start generating extra income easily.

1. Affiliate Marketing.

Affiliate marketing is one of the easiest ways to generate extra income.

Do you know that they are tons of companies that offer affiliate marketing?

Here are some example:

Marketplace Affiliate - you get paid when someone click the link and buy a product through your affiliate links.

a. Lazada Affiliate

b. Amazon Affiliate

Friends Referral

a. Interactive Broker Affiliate - you get paid if someone open a trading account

2. Youtube Ads

Many Youtubers has been making millions by posting good quality videos in Youtube. 

When your video is qualified, Youtube will start to show ads in your video.

If someone click that ads, Youtube will pay you money.

The key is to to consistently posting video to your Youtube video.

3. Ecommerce

Online sales have been booming for the past few years, and the trend will not stop anytime time soon.

There are so many platform that you can start to sell online.

a. Lazada

b. Shopee

c. Facebook

d. PGMall

e. GoShop

f. Wowshop

g. Carousell

4. Google Adsense

If you are a content creator, e.g. a blogger, you can actually sign up a Google Adsense account.

Then you can start to insert ads in your blog or website.

If someone clicks that ads, Google will pay you a commission for that.

According to Google Adsense calculator, in the category of Finance, if you manage to generate a pageviews of 50,000 per month, your potential annual revenue is about  USD 12,708. That is not bad huh.

5. Gig Economy

Doing freelance using the skills that you have is one good way to generate extra income.

Here are some good examples:

a. Grabfood / Foodpanda

b. Airbnb

c, Fiveer

d. Appen

6. Give Tuition

Tuition business is quite a good in Malaysia.

Depending on the syllabus, you can earn between RM40 to RM120 per hour.

I did give SPM Physics tuition previously, and it has helped me to cover some of my monthly expenses.

You can also gives skills related training, e.g. swimming or guitar/piano classes too.

Basically any skills can be turned into a tuition if you are creative enough.

7. Stock Trading

If you have a proper skills and psychology, you can also start small in stock trading.

The stock market is a place where you can generate income all year round.

You can learn about fundamental analysis and technical analysis to get you started.

With the right strategy and money management of your capital, you can earn about a few thousands ringgit per month.

Things to note is to treat trading like a business and not for short term quick gain and gambling.

Put up a capital that do not need and focusing on improving your trading skills and success rate over time. Start small and be consistent.

For me, I trade almost every night whenever there is a good trade setup.

Start by reading some good investment and trading books.

Do you have other suggestion?

Do share it with us.

Happy Investing and Earning! 😉