This is the post continued from our previous article “How to earn money online from Nepal part one”.In previous article we have talked about all the basics you need to know about starting an EMO journey. In this post we’ll talk about top 6 ways to earn money online from Nepal. All of these methods requires really hard work but all of them are really legit and once established you could earn good amount of passive income from them.
Top 6 Ways to earn money online
a) Article Writing
Although it has lost its charm as the best online income source in recent years , its still the main source of income for many writers worldwide. If you have good writing skills and have good research skills you can easily earn some fancy amount of money from various article posting websites . Although the list of sites that pays you for your articles are decreasing day by day , many sites are still considering paying rewarding amount of money to its writers .
What you’ll need ?
You need to have really good English Writing Skills as well as research skills.
How much you can earn ?
You can earn from 1$-10$ per article based on the type of topic ,writing skills and platform you write on.
Pros :
- Helps to improve your knowledge level
- Makes you more creative
- Good source of passive income
- Many alternatives to choose from
Cons :
- Requires long time for good passive income
- Needs good English skill
- Unless you have your own blog , you would have to rely on others platform for income
b) Content Lockers
Content lockers are the scripts that blocks a part of web page with good content. The users wont be able to access your content unless they do some kind of actions as specified by the content lockers . If you have a blog/website you could post some valuable things such as source codes,tools,videos,books or articles inside it. Whenever users complete the actions required to unlock the content locker you’ll get rewarded with some amount. Although it might make your reader harder to get your contents , you’d get reward for your work. You could use content lockers for some valuable contents which your readers are highly interested to get .
What you’ll need ?
You need to have a blog/website with good amount of traffic. You must put some valuable premium contents in your site that’s in the demand of users. You can lock these contents with lockers and ask the users to complete the actions to unlock it and access that.
How much you can earn ?
You can earn from 1$-5$ per action completed by followers . Even if one person completed the single action per day you can earn upto 30$-150$ a month , on total passive way. If your followers are from english speaking countries you can earn far more than that as they have more available actions to choose from.
Pros :
Easy to setup and no investment is needed .
Cons:
Low payment rate
Website/social network with good popularity needed
Might decrease the retention rate of followers in your website
c. Affiliate marketing
According to Wikipedia Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts.
It simply means that you’ll get reward from the business owner for each customer you brought to them. Affiliate marketing is the scalable ,long term and great way of earning passive income online. There are lots of affiliate marketers earning thousands of dollar each month . But establishing a good affiliate marketing income stream would be really challenging. Primarily you need to be the trustable source of information for your follower if you want to get succeed in your affiliate marketing business. There are tons of sites, from E-Commerce giant Amazon to hosting providers to domain registrars and online services. All of them pay good amount of money to their affiliates based on amount of sales they made in their platform.
What you have to do ?
You have to sell the products of your affiliate partner . You could choose from lots of products/services available in your partners website . You should write about that product/service in your website/blog as a review . Your review must contain good information as well as trustable review of that product. You can promote your article in various ways such as social media and/or youtube. If someone bought the product from your affiliate links provided in your review website you could earn good amount of bonus for every sale you made .
How much can you earn :
Selling the product would be the challenging task but its not impossible. If you have genuine followers and good amount of traffic in your site you can at least make a single sale per day equivalent of 10-500$ giving you reward of 5-100$ per sale. The reward you could get is directly based on the actual price of the product you have sold.Simply saying with affiliate marketing you could become a full time online worker.
Pros:
Scalable income source
Passive income
Huge income possibility
Cons:
Making genuine followers in your blog would be difficult
Needs website / blog /channel with good reputation
Needs lots of hard work and effort at the beginning
Income would be unstable
d. Making smartphone Apps/Games
This decade is simply the decade of smartphones and apps are the integral part of it. There are thousands of apps in play store helping users to make their everyday task a lot more easier. But developers do’not make these kinds of app for nothing. They could also earn some good amount of money placing ads and other promotional content in their app.Although we can’t sell apps from Nepal, developers from some other countries can also sell their apps in these stores. Apps and games contributes to the overall global gdp with huge factor. There are thousands of apps earning billions of dollar each year . Many apps like snapchat ,tiktok and whatsapp have made their developers earn six figure income every month . Compared to apps , game has even more potential to generate the revenue for its developer. Some of the nepali games such as ludo, bagchaal and tin patti etc are generating great sum of money to its creators . Simply saying apps and games has unlimited potential and with correct idea , marketing and implementation you have the potential to become a millionaire.
What you have to do :
Having a programming skill or great idea for the app/game is the major thing you need to have. If you are the developer than you could hugely reduce the amount of investment needed to release your first app but even if you are not the developer you could hire the developers to complete your project. Apart from initial cost of development you can earn some good amount of money later on if income streams are planned well.
Even if you do not have the great idea you could build the simple app or purchase some good app templates from online stores. You can further customize that app to suit your needs . Adding some new functionality would make it easier for you to market your app. Doing good SEO is another necessity to make your app visible for target keywords in google play store. You should then monetize your app with correct ad formats and ad types. There are lots of app ads providers such as admob, startapp,vungle etc. If someone clicks on your ads you can earn money based on the origin of the visitor and the quality of the click. Your income is based on the number of ad impressions and clicks not on per download rate.
How much you could earn :
Your earning possibilities are simply the endless. But it depends on the kind of app you are building and whether the app has something cool to offer to its user or not . If the app is great it will surely make you a good fortune. If majority of your users are from 3rd world countries your income would be severely limited but if your followers are from English speaking countries you can earn a great amount of money . There are apps and games earning about 50 thousands of dollar every months.
Your earning rate is determined by CPC (Cost per click) ie. how much u could earn from single click . If users are from countries like nepal , india , pakistan … cpc is like $0.2-$0.20 ,but if the users are from USA/other English speaking country CPC is like 0.20-2$ . Having app downloaded 10000 times might roughly make you few dollar a day .
How to get started :
We will write the separate blog post explaining that . So stay tuned .
Pros :
Endless possibility
Work hard once and passive income lateron.
Cons:
Need to have a programming knowledge
Requires hard work at start
Long learning curve
Google play developer account costs 25$ .(one time fee)
Play store SEO would be challenging
Promotional costs
e. Blogging and websites
Blogging is still the coolest way to earn money online . Because of its versatile nature its really great for all other types of online works such as affiliate marketing and content lockers. Blogging help you to become financially independent as well as good communicator . Although blogging provides the great way to make a living online setting up a reasonable income stream and good number of traffic to your site is utterly challenging . It requires you to put hundreds of hours in writing , SEO and optimizing your articles.
Once having a good follower base you could simply grow your existing blog to include other revenue streams such as patreons, content lockers and affiliate marketing. You could also sale your ebooks or digital goods from your blog/website.
What you have to do :
We will write the separate blog post explaining that . So stay tuned .
How much can you earn :
Earning possibilities are endless . You could earn from ads , Affiliate links , Affiliate product ,
Referrals and so on. Mainly the websites can earn from Ads displayed there.
Pros :
Great way to make living from online work
Huge income possibility
Persistant income and passive income
Cons:
Time and effort is required
Writing skills required
investment is necessary for domain/host/…starting out , (WordPress and free hosting is good for start)
f. Youtube
Youtube is one of the biggest video sharing platform in the internet . It has great community of creators and advertisers making it the biggest platform of creative ideas. Youtube is also the great source of income for millions of creators worldwide. Although getting monetization approval from you tube is really really difficult in 2019 its still possible if your channel is generating the great viewership and activity. Every month thousands of creators are earning millions of dollar from you tube . Although amount of revenue varies highly upon countries and regions , creators can still earn some livable amount of income. Nowadays you tube requires having minimum of 1000 subscribers and 4000 hours of watch time for the channel to be eligible for monetization . With good idea and presentation skills you could surely achieve it .
What you have to :
You first have to create a Youtube account .You should then upload some high quality videos with no copyrighted materials .After reaching the above mentioned limit you can apply to become a creative partner . After having monetization enabled you can earn money based on viewership your videos generate. With youtube you could get fame , name and money all from a single place .
How much can you earn :
You have endless earning possibility . Everything depends on the views , subscriber ,reputation and targeted viewers of your channel . Earning is based on number of monetized views and CPC rate . if viewer are from countries such as USA you could earn upto your cpc rate would be like 1$-10$ per 1000 views , and for other 3rd world contries cpc is like 0.3-1$ per 1000 views . Your estimated earning is like 1$ per 1000 views . Anyway just make the good videos that peoples are willing to watch . You can surely earn good money from it . Just make sure that you are not solely making the channel for EMO purpose. If your channel resembles with the ideas you love you can surely create a long lasting channel with good followers base. You could withdraw money from bank/western union after reaching the minimum threshold of 100$ .
Pros :
Unlimited earning possibilities.
Easy to setup and start .
No Investment needed.
Cons :
Needs little bit creativity and work.
Getting views is harder for beginners .
These are the top 6 ways to earn money online from Nepal. You can choose any one of these ideas to get started with . With passionate and hard work you could surely reach your goal of making your living from online. Thanks for reading this post . Please do not forgot to hit like/comment/share button below .
Thank you .