Make Money Online
5 Essential Skills to Make Money Online
The global outsourcing market has been on the rise for the last decade. The market has had a sharp growth in the past few years owing to the boom of work-from-home culture induced by the pandemic. The online marketplaces are highly dynamic. There are thousands of niches that hire millions of offshore workers. However, as many people are looking for jobs in the online outsourcing platforms, many beginners are struggling to get hired. Here’s a list of 5 soft and hard skills that can help freelancers to earn money online.
5 Essential Skills to Find Jobs on Outsourcing Platforms
Digital Marketing Skills
Digital marketing is essentially a sales job on an online platform. Skills like SEO, social media marketing, email marketing, content marketing, and paid advertising are in high demand on different gig platforms.
SEO and advertising require a good knowledge of content management and promotion strategies which are in high demand in today’s competitive market.
Read more: Top 10 Free Online Digital Marketing Courses
Content Creation Skills
Another highly demanded skill for making money online is content creation skills. Content creation can range from writing to video production, graphics design, and photography. Among these, graphics design and video production are in high demand.
Content creation requires high level of technical skills regardless of the niche. As a result, it generally pays a lot more than low-skilled high-volume gigs like web research and data entry online jobs.
Read more: YouTube Affiliate Marketing: Tips to build a successful channel
E-Commerce Skills
E-commerce is the future of shopping. Globally e-commerce has paved the way for many businesses to tap into target audiences beyond geographical boundaries.
E-commerce skills like online store setup, inventory management, payment processing, and customer service skills are in high demand on online marketplaces.
Besides these affiliate marketing and drop-shipping are promising niches to make stable online earnings. Nowadays, diverse local and international brands are offering commisons for selling products through affiliate links.
These specialized skills will not only help find jobs in the relevant niche but will also help if you plan to start your own e-commerce or drop shipping businesses.
Read more: Online Business: How to Get Started from Home?
Analytics and Data Science
Data Science jobs are in high demand globally because of the offshore nature and high pay structure of the industry. Technical skills like data science certification, Google Analytics certification, A/B Testing, etc are in high demand for business and platform growth.
Many organizations employ data scientists on an offshore or contractual basis making it a lucrative skill to earn money from the comfort of your home.
Read more: How to Be a Data Analyst from CSE or Non-CSE Backgrounds?
1 year ago
Which Outsourcing Skills Could Be Replaced by AI?
Now is a better time than ever to start earning anytime, anywhere with the help of tech. The increasing tech penetration in everyday life has paved the way for many earning opportunities using the right skills and the internet. But among the flurry of opportunities, there are also risks of getting replaced by AI. Let’s take a look into some popular online money-making skills that can be replaced by AI.
Online Money-Making Skills that AI Can Replace in Future
The online money-making skills can be classified into two categories – one that involves soft skills and others that are hard skills.
The problem with soft-skilled online jobs is that they require less technical skills. They are abundant and the online job markets are already saturated with them. Because of the nature of these jobs, they will soon be replaced by AI which will render most of the workers in these fields jobless.
Read more: Payoneer to Bkash Fund Transfer: A Great Advancement of Freelancing in Bangladesh
Here are some mentionable online work niches that are under threat of being replaced by AI.
Copywriting
Copywriting and content creation have been facing threats of AI for well over a decade now. With the advent of advanced chatbots like ChatGPT, the threat has been simply expedited. It's almost certain that human copywriting will become obsolete soon.
Data Entry
Low-skill jobs like data entry will also be completely replaced by AI soon. There are already powerful tools that can extract and compile data at the push of a button. As the technology gets more streamlined, it is sure to replace the data entry gigs found on different platforms today.
Read more: YouTube Scriptwriter Career Guide: Essential Skills and Free Online Courses
Paid Online Marketing
Paid online marketing mainly involves pay-per-click or PPC advertisement. The paid online marketers create campaigns or ads to target buyers from age-group, geographic location, gender, shopping preference and many other factors.
As the search engines are becoming more optimized and sentient, the AI tools are continuously evolving and improving. In future, business owners may choose machine learning algorithms for managing their PPC campaigns. Therefore, demands for paid online marketers, such as PPC advertisers, may become obsolete in the future.
Client Service
Client service workers are also under threat of being replaced by AI as more and more advanced chatbots enter the market. While there is scope for monetary gains in the short run, it will too become obsolete in the long run.
Read more: Want to start freelancing from Bangladesh? These are the best platforms for you
Proofreading and Editing
Just like copywriting, proofreading and editing online gigs will also be replaced by AI, albeit at a much slower rate. There’s already advanced software like Grammarly that is spot-on at catching grammatical errors. It's only a matter of time before AI will catch up with editing style and tones as well. But there’s a high chance that the need for highly skilled editors and proofreaders will be around even after 10 years. However, the market size and demand for that would significantly shrink.
It's important to note that these jobs may have a market value today, but in the long run, they will cease to exist for the majority of workers. It's important to identify similar online money-making traps that may bring returns in the short run, but will essentially yield nothing long term.
Read more: Recession-Proof Your Career With Tech Skills
1 year ago
Best Platforms to Sell Photos Online and Make Money
Passion for photography transcends mere snapshots; it's a journey of capturing emotions, stories, and moments frozen in time. In today's digital age, this passion can also be a gateway to a rewarding online income stream. The scope of earning by selling photos online is offering photographers a chance to turn their creativity into a lucrative revenue source. It even holds some exciting prospects for shaping up a fulfilling career. Let’s get introduced to the most popular platforms to sell photos online and make money.
7 Best Platforms to Make Money by Selling Photos Online
Adobe Stock
To participate in Adobe Stock content creation, contributors must meet a minimum age requirement of 18 years. For those new to Adobe, they can visit the Adobe Stock Contributor portal (https://contributor.stock.adobe.com) and click the "Join Now" button to create an Adobe ID.
Contributors from Bangladesh should use tax documents like W-8BEN or W-8BEN-E.
Once registration is completed, contributors can start submitting their content to Adobe Stock. However, if the pictures are of a recognized person or someone else's personal property, the contributors’ signature will be required to confirm ownership.
The site pays a 33 percent royalty for each stock image. Contributors typically earn a minimum of USD 0.33 (BDT. 36.23) [USD 1 = BDT 109.7756] to a maximum of USD 21.12 (BDT. 2,318.46) [USD 1 = BDT 109.7756] per image. In this way, they can request payment if the deposit is a minimum of 25 USD (BDT. 2,744.39) [USD 1 = BDT 109.7756].
Read more: 5 Smartphones Around 15000 TK for Best Display, Gaming, Photography
Shutterstock
Applicants must be at least 18 years old to get started. To register, they can visit shutterstock's official website and sign up for a Shutterstock contributor account.
Once registered, contributors can start uploading their content. To activate their contributor status, they need to submit several photos. The content will be reviewed by expert team members, and after approval of the first piece of content, the account becomes fully active.
Contributors must include uploading only their original work or content for which they hold copyright. Bangladeshi contributors must submit their tax information through W-8BEN forms.
Earnings are divided into six levels, ranging from 15 to 40 percent based on yearly image licenses or downloads.
For instance, if a customer buys the USD 111.20 package for 30 photos, contributors who receive a 15 percent royalty here will earn 56 cents (BDT 61.44) [USD 1 = BDT 109.7756] per image. In this manner, they can request a withdrawal only after accumulating a minimum of USD 25 (BDT 2,744.39) [USD 1 = BDT 109.7756].
Bangladeshis can choose Payoneer to withdraw the amount and bring it to their local bank account.
Read More: Six-week long ‘Bangladesh in Frames’ photography exhibition inaugurated in Mexico
1 year ago