25 way to make money online and offline

Personal Finance & Earning Money Study Guide
Short Answer Quiz
According to the article, what are three online platforms where individuals can find freelance work?
Besides a computer and internet connection, what other piece of tech is typically needed to test websites and apps for user experience?
What does it mean to make money through affiliate marketing, according to the source material?
What are two platforms that an artisan might use to sell their handmade goods online?
Name three ways to earn money from home without being online.
What are the differences between selling clothes at consignment shops versus online platforms?
What are the two primary ride-sharing companies mentioned as a way to make money offline?
What are two delivery service apps mentioned that allow people to make money by transporting goods?
What is one way to determine the legitimacy of a job opportunity?
What are the primary types of income available on Twitch?
Short Answer Quiz Answer Key
The article mentions Upwork, Fiverr, and Freelancer.com as online platforms where individuals can find freelance work. These sites offer various freelance jobs such as writing, programming, design, marketing, data entry, and virtual assistance.
Besides a computer and internet connection, a microphone is typically needed to test websites and apps for user experience, as testers need to speak their thoughts aloud while navigating the platforms.
Affiliate marketing, according to the article, involves earning money by placing affiliate links on a blog or other online platform. When someone clicks the link and makes a purchase on the partner site, the affiliate earns a commission.
The article mentions Etsy as a platform that artisans might use to sell handmade goods online, and mentions Fine Art America for photographers.
According to the text, renting a spare bedroom on Airbnb, selling unused gift cards, and dog walking/pet sitting are three ways to earn money from home without being online.
Consignment shops often offer cash on the spot, while online platforms usually pay when the item sells or after they inspect the item, which can take longer, though it may be more lucrative.
The two primary ride-sharing companies mentioned in the article as a way to make money offline are Uber and Lyft.
Two delivery service apps mentioned in the article that allow people to make money by transporting goods are Uber Eats and DoorDash.
To determine if an opportunity is legitimate, check for community forums (like Reddit) for unfiltered reviews, and research if the company has a Better Business Bureau profile.
The primary types of income available on Twitch are donations from viewers and a share of subscription and ad revenue.
Essay Questions
Analyze the risks and rewards associated with various side hustles mentioned in the article, considering both time investment and potential financial gain.
Compare and contrast online versus offline methods of generating additional income, discussing the requirements, advantages, and disadvantages of each.
Evaluate the impact of technology, specifically AI, on the gig economy and various ways of earning extra money, according to the source material.
Discuss the ethical considerations related to the gig economy, referencing specific examples from the article.
Based on the information in the article, create a personal strategy for diversifying income streams, considering different side hustle options that align with different interests and skill sets.
Glossary of Key Terms
Affiliate Marketing: A marketing arrangement by which an online retailer pays a commission to an external website for traffic or sales generated from its referrals.
Gig Economy: A labor market characterized by the prevalence of short-term contracts or freelance work as opposed to permanent jobs.
Generative AI: A type of artificial intelligence capable of generating new content, like text, images, or music, based on input data.
Freelance Work: Work performed by self-employed individuals on a contract basis, often through online platforms.
SEO (Search Engine Optimization): The process of improving the visibility of a website or a web page in a search engine's unpaid results.
Consignment Shop: A store that sells goods on behalf of the owner, who receives a percentage of the sale price.
Pawnshop Loan: A short-term loan that is secured by the item a person provides as collateral.
Mystery Shopper: A person employed to visit retail stores and evaluate the service and products anonymously, providing feedback to the company.
Drone Pilot: A person who operates a drone for aerial photography, videography, or other purposes.
Social Media Influencer: An individual who has established credibility and a large following on social media and can influence consumer behavior.
Royalty: A payment made to a person or company for the use of their work, often for published works or inventions.
Digital Products: Intangible goods or services created and sold online, such as e-books, online courses, or digital artwork.
Passive Income: Earnings derived from a revenue stream that requires minimal effort to maintain.
Ad Revenue: Money earned from placing advertisements on websites, blogs, or video platforms.