Last but not least, you can also earn money online by building an online community, although the monetization strategies you can pursue will vary a lot depending on your goals. You can build a community with a blog, for example. You can also build an online forum and charge people for membership. You could even build up a Facebook group and use your influence there to sell and promote products.
If you want to help shape products in their early stages, joining an online focus group or answering survey questions is a great way to make extra money online. They don’t pay as much as some of the other options we’ve highlighted, but you can join groups on sites like Survey Junkie, Swagbucks, and IPSOS that pay out through Amazon gift cards, check, or PayPal. You’ll be asked to provide a bit of information about your demographics (age, location, etc…), but after that you can get going making money through surveys.
2. How They Make Money: “From a consumer’s standpoint, it’s important to understand what the monetization model is for the company that makes these apps,” added Kowsik Guruswamy, chief technology officer at Menlo Security. “That alone can be very revealing in how the companies plan to use their data.” For example, an app might make money through sponsorships with the brands it partners with or it might offer customers paid upgrades. However, it’s also likely it makes money selling your data to advertisers or other third parties, which is why it’s important to note what kind of data it tracks and how it uses it.