How To Make Money Online In Canada Legally?

First of all, thanks to the INTERNET, and you know why? Because there are hundreds of legit ways to make money online in Canada. No need to commute daily to the office, like 9-5 jobs. You can try all these online opportunities from your home and earn cash.

Whether you need flexibility in your job, grow your savings, or simply want to earn extra money, these side hustles can help you.

You need a laptop and a fast internet connection, and you are ready! So, let’s break the boundaries and explore natural ways to make serious money online.

10 Best Ways to Make Money Online in Canada

Dropshipping

Earning Potential: You can earn $50 to $5,000 daily profit.

Platform: Amazon Canada, Etsy Canada, eBay Canada.

Pros:

1. No need to buy and maintain the inventory.
2. Easy to setup.
3. Provide flexibility.
4. Low overhead expenses.

Cons:

1. Limited or no control over product quality.
2. Hard to track inventory.
3. Issues with shipping is common.

Affiliate Marketing

Affiliate marketing is a popular way to make handsome money online. You can join big brands like Amazon and Shopify as an affiliate. Affiliate marketing could be the best way to earn money online in Canada if you have a large online audience through your blog, eCommerce website, or social media channels.

You can earn a commission by promoting and selling your advertiser’s products. Each time you make a successful sale through your affiliate link (referral code or link), your commission is added to your affiliate account.

Earning Potential: You can earn $58K to $158K or even more.

Platform: ClickBank, CJ Affiliate, Awin Canada.

Pros:

1. Low-cost business model.
2. High and growing demand.
3. Provide flexibility and you are your own boss.
4. The Sky’s the limit for earnings.

Cons:

1. More competitive.
2. Not for everyone, sometimes expertise required.
3. Requires more time and effort.

YouTube Channel

YouTube is one of the most visited websites/apps in the world. Over 122 million people visit YouTube every day, and approx. 52% of worldwide internet users access YouTube at least once a month. It means there are limitless opportunities to earn money from YouTube because it allows people to earn money, and it’s not complicated.

The try-and-tested way to earn money on YouTube is to create exciting and valuable video content people like watching, sharing, and subscribing to your channel. Jimmy Donaldson (MrBeast), who made a YouTube channel, uploads bizarre stunts and challenges and earns approx. $54.2M per year.

Create an eye-catchy title, and use trending keywords in the description and tag section, which increase your availability on YouTube search results. Once you reach 1000 subscribers and 4000 hours of watch time, you can monetize your YouTube channel and earn income.

Earning Potential: A creator with millions of subscribers and views can easily earn approx. $20,000 per video.

Platform: YouTube.

Pros:

1. You can reach more potential people.
2. Starting a YouTube channel builds your authority.
3. You can build a community.
4. You have a chance at making extra cash or even a full-time income.

Cons:

1. You will probably have a huge workload.
2. Competition is tough.
3. Growth takes time.
4. Copycats will find you.

Online Course

Due to the pandemic, the growth and demand for online tutors and courses dramatically increased. It will give you an excellent opportunity to earn money in Canada if you are an expert in a

subject or a particular skill. Use your knowledge and share it with the vast online community by creating an online course.

You can create an online course and monetize your knowledge on websites like Udemy or create your audience through a website. To succeed in this area, you will need to research your niche properly. Mark out the pain points and problems of the people and give them the best possible solution.

Earning Potential: Some entrepreneurs earn $5,000 per month through their single online course sale.

Platform: Skillshare, Coursera, edX

Pros:

1. Very low startup costs.
2. Reach a larger audience.
3. Recurring income.
4. Time freedom.

Cons:

1. Complicated tech.
2. Required expert knowing what to teach.
3. Marketing cost is high.

Start a blog

Starting your blog in a particular niche of interest is one of the best and old ways to earn money over the internet. While starting a blog is not easy, and you need dedication and long-term commitment, it is still a lucrative way to make money online.

Before starting a blog, research the topic and check if you are interested in writing for it. It is crucial because you need to invest your time to create content regularly. After that, choose a niche that is monetized so that you can earn income.

Starting a blog is easy and cost-effective to make money online in Canada, but you also need high commitment, focus, and determination on your topic. In this way, you can grow your online empire.

Earning Potential: In the first year, $500 – $2,000 per month

Platform: WordPress.org, Medium,  HubPages, Blogger.

Pros:

1. It’s a low-cost investment.
2. Time flexibility!
3. You can make money in a lot of different ways!
4. You can develop great connections with your audience.

Cons:

1. It’s time consuming.
2. Blog requires regular updates.
3. Blogging as a profession is a long process and it never ends.
4. Some tasks are really boring.

Publish eBook

While some like blogging as an exciting way to earn income online, there is another similar way known as eBooks. You need to gather the information on a particular topic, create the eBook, format it, design the cover, and then publish it on platforms like Amazon Kindle for sale.

While there is no guarantee that you will earn a lot of money and become king, you can earn significant income online through eBooks. Try to give the first few copies of your eBooks free for a limited period. Increase your sale by focusing on the marketing of your eBook and attracting new customers.

Earning Potential: If done right, one eBook could earn you more than $500 per month.

Platform: Kobo, Smashwords, Blurb.

Pros:

1. You can charge any price you like.
2. You keep a higher percentage of the sale.
3. You get your reader’s email address.
4. Readers can buy immediately without having to visit or register on another site.

Cons:

1. You need to pay for editors, a cover designer, a typesetter.
2. You have to do all the promotion yourself, which is hard work.
3. There is less assurance of a steady income.
4. You may have trouble feeling validated as an author.

Data Entry

Do you want to earn money online in your spare time? Are you interested in work-from-home jobs? If yes, then data entry is your option. Many companies in Canada and worldwide want data but can’t afford employees in their offices for such tasks.

Many people do data entry tasks and earn significant income per month. All you need is a laptop/computer and a fast internet connection. If your typing speed and research power are good, enroll on freelancing platforms like Upwork for data entry jobs.

Earning Potential: As high as $80,000 and as low as $17,000 per year and depend upon data entry jobs category.

Platform: Fiverr,  Freelancer, indeed

Pros:

1. You hardly need to do any investment for these jobs.
2. You can find variety of data entry jobs online.
3. You can work from anywhere!
4. Can build solid foundation of clients.

Cons:

1. If you have very slow typing speed, you cannot earn much.
2. Data entry jobs are simple and don’t pay too much.
3. Every data entry company will demand you an accuracy of 99%.
4. Minimal physical activity.

Freelancing

According to a study, approx. 45% of the workforce in Canada will be turned into “freelancing” by 2020. There’s no wonder that the ratio might increase in 2023. Freelancing provides the freedom to choose the time, client, and work type and the feeling of being your boss.

During the COVID-19 pandemic, the demand for freelancing has been boosted, and many companies have been interested in hiring freelancers for their work. As an online freelancer, you need to make your portfolio strong to get more and more work from freelancing websites like Freelancer and Upwork.

Satisfying your clients with your working skills and knowledge is also essential. Also, complete your freelance task within the committed time frame. All these activities strengthen your profile, and clients hire or recommend you to others again.

Earning Potential: For e.g., on average, a freelance writer has a rate between $30-40/hr and it means $42,000 annually.

Platform: Freelancer, Upwork, Fiverr, Writerswork

Pros:

1. No more mandatory 9-5.
2. Freedom to choose your clients.
3. Earning better money.

Cons:

1. Less job security.
2. Working in isolation.
3. Inconsistent work.

Online Tutor

During a pandemic, there is a surge in demand for online tutors for students or businesses. Are you an expert in any topic and interested in teaching people? If yes, you can earn extra income by setting up your own online tutoring business in Canada.

Tutoring allows you to make income at your rates and time. The best part of such online tutoring is that you can do this from your home. You could start anywhere if you had a laptop/computer, fast internet, and a webcam.

Earning Potential: On average, online tutors earn between $11-$20 an hour for common subjects.

Platform: Preply, Chegg, Studypool

Pros:

1. There are always students who need assistance.
2. Start-up costs are minimal.
3. You can teach anything as a tutor.
4. Provide flexibility.

Cons:

1. You need well-rounded knowledge and experience.
2. Technology-related problems.
3. Difficult to decide on the pricing.

Online Surveys

If you are looking for an easy way to earn money online in Canada, complete an internet survey in your free time. The online survey is a relatively slow way to make massive money, but you can utilize your spare time with a good opportunity.

There are numbers of websites and apps from which you can get paid by participating in surveys. Many offer vouchers and gift cards, and some offer reward points. The overall amount depends on your online survey and platform. Before you sign-up for any online survey, please check their reward system.

Earning Potential: On a legit survey site, you’ll find most paid surveys worth $0.25 to $5.00 per survey. Some survey websites like Swagbucks, offer $20 for completing their surveys.

Platform: Swagbucks, OneOpinion, Ipsos iSay, InboxDollars

Pros:

1. More convenience & better responses.
2. Accessibility from any device.
3. Enough flexible.
4. No interviewer.

Cons:

1. High chances of survey fraud.
2. The pay is low
3. You won’t qualify for each survey
4. Registering with a lot of survey sites could flag you for fraud