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4 Lazy Ways To Earn Money Online In 2024 ($150+/Day) For Beginners

4 Lazy Ways To Earn Money Online In 2024 ($ 150+/Day) For Beginners

When it comes to making money online, there are numerous ways to do it. In this article, I'll focus on the four best automated methods. What do I mean by automated? As long as you build the system right from day one, you'll be able to make money far into the future with minimal effort. This approach allows you to travel to beautiful locations while still earning from various online side hustles, even when on holiday. Stick around and learn something that will change your financial situation.

1. Building a Drop Shipping System

One of the first automated ways to make money online is by building a drop shipping system. For the uninitiated, drop shipping involves selling physical products online without having to handle inventory. Instead, a drop shipping supplier handles the picking, packing, and shipping.

To start this system, you'll sell on two major platforms: eBay and Shopify. List the same products on both, and drive traffic to generate sales. One valuable tool for product research is Zeke Analytics, which provides insights into the best-selling products on eBay and Shopify. Additionally, AutoDS is a recommended tool for automating much of the day-to-day running of a drop shipping store, including product listing and order fulfillment.

2. Building a Product Review Website

Another automated income source is building a product review website. Despite common misconceptions, building websites can still be highly profitable. Instead of handling products, you're using affiliate marketing—where you promote products via a unique link. When someone purchases via your link, you earn a commission.

For beginners, the Amazon Associates program is a great starting point. Use tools like Hostinger for easy website setup, and take advantage of their integrated AI to produce content. This allows you to write product reviews and automate much of the rest.

3. Starting a Faceless Informative YouTube Channel

Many people dream of making money on YouTube but don't want to show their face. A faceless, informative YouTube channel can solve this problem. Focus on creating informative content that people search for, and monetize through Google AdSense.

Use tools like Vid IQ for keyword and content research, and InVideo AI for automated video production. By consistently offering valuable content, you can automate and scale your earnings.

4. Dollar Cost Averaging into the Stock Market

Finally, my favorite automated method is dollar cost averaging into the stock market. While it might seem intimidating, this method is perfect for beginners. By consistently investing small amounts into an Index Fund, you can see your money grow over time.

For example, the S&P 500 Index Fund is a reliable choice. By regularly investing, regardless of market conditions, you can build a portfolio that appreciates steadily. Over time, through consistent investment, the returns can be substantial, as evidenced by my own investments.

If you're keen on starting a drop shipping store or any of these methods, free courses and detailed guides are readily available to help you get started.

Keywords

  • Drop shipping
  • Automated income
  • Zeke Analytics
  • AutoDS
  • Product Review Website
  • Affiliate Marketing
  • Amazon Associates
  • Hostinger
  • Faceless YouTube Channel
  • Google AdSense
  • Vid IQ
  • InVideo AI
  • Dollar Cost Averaging
  • S&P 500 Index Fund

FAQs

Q: What is drop shipping? A: Drop shipping involves selling products online without handling inventory. Instead, a supplier takes care of shipping.

Q: What are the best platforms for drop shipping? A: eBay and Shopify are recommended platforms for starting a drop shipping business.

Q: How does affiliate marketing work? A: Affiliate marketing involves promoting products via a unique link and earning a commission when someone makes a purchase through your link.

Q: Can I make money on YouTube without showing my face? A: Yes, you can start a faceless, informative YouTube channel and earn through Google AdSense.

Q: What is dollar cost averaging in the stock market? A: Dollar cost averaging involves consistently investing small amounts into an index fund over time, regardless of market fluctuations.

Q: What is an Index Fund? A: An Index Fund is a type of investment that tracks a specific market index, such as the S&P 500, providing a diversified investment.

Q: Are there any tools to automate content creation for a blog or YouTube? A: Yes, tools like Hostinger’s integrated AI and InVideo AI help automate content creation for blogs and YouTube channels respectively.

Q: Is investing in the stock market risky? A: All investments carry risk, but strategies like dollar cost averaging into well-performing index funds can mitigate some risk. Always do thorough research.

Q: How do I start with drop shipping or affiliate marketing? A: Many free courses and detailed guides are available online to help you get started with drop shipping or affiliate marketing.

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