ONLINE EARNING AND IMPACT ON WORLD ECONOMY 2025
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Unemployment is a sin, and Internet connectivity is a boon to face it. Increased Internet and social media users are a step towards building a business. A growing user base is a potential consumer base, and a more significant Audience would make it easier to build a business. Even with a possible audience that can convert into a customer, unemployment exists worldwide.The only requirement is an Internet connection, which is there with most citizens but are they using it for their well-being or being unemployed?
What is Online Earning?
Yes, it’s as simple as that. The whole Internet can be used or just a part of it, but yes, by Internet, we mean the Surface Web. It can be defined as making money online by legal means. Social Media Platforms like Facebook, WhatsApp, Instagram, Twitter, YouTube, Quora, LinkedIn, Reddit, etc., or any other website that are most popular among Internet users can be used for Where there is an audience, there is a possibility of making money.A country like pakistan is facing a major employment crisis with the nation’s youth, which is being transformed by the child indulging in suitable means.
Ways to Make Money Online:
YouTube
Pakistan is the second biggest market for Youtube, with of the Internet users in Pakistan spending hours on Youtube, while the exact number is in the United States. Google acquired YouTube for 1.65 billion in 2006, and in 2020 it generated Rs19.7 billion in revenue, which is a growth of when it comes to year-on-year change.The agree that Youtube provides eight significant ways to monetize their creativity.
Blogging
A combination of affiliate marketing and Blogging would serve the best as it will create two sources of revenue. The most popular blog Huffington Post generates about Rs 500 million annually, showcasing the potential of blogging as an industry. According to , a famous SEO Planner, more than four billion blogs are written every day, and there are more than 31.7 million bloggers.
There has been a continuous increase in the average word count per blog article over the years, from an average of 808 words in the year 2014 to 1269 words in the year 2020, showcasing an increase in the competition in the Industry, indicating more number of bloggers trying to find the avenues to generate revenue by blogging.
Freelancing
It is a service from the individual’s choice of domain, time, and work style for a price. The freelancing Industry stood at a global valuation of over Rs1.2 trillion in 2020, with more than 1.219 billion freelancers globally and about 15 million from Pakistan. That, too, is an age group of fewer than 30 years. The amount of money a freelancer makes is about Rs21/hour, which happens to be about Rs67,164/year, while in Pakistan, freelancers make about Rs 32,000/month.
Social Media
Selling products or services directly, through affiliate marketing, being an influencer, etc. The possibilities are endless, whether it is an option to pave the way or to make money. With the growing number of users of the social media platforms like Instagram, Facebook, Whatsapp, Linkedin, Quora, Reddit, Pinterest, etc., the number 6 hundred fifty-eight million people use social media in Pakistan out of the total population of 1.4 billion people as of January 2022.
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14.39 Mbps is the average Internet speed in Pakistan in January 2022 if Ockla data is believed to be accurate. These numbers are increasing daily with the 5G Services being rolled out. Youtube, Blogging, and Freelancing are becoming a significant part of the Pakistann economy. Creating employment is another aspect of social media itself.
Work From Home
Work-from is a concept that has always been a dream for many workers in the labor field, and organizations had a fearful approach toward the outcome of it. But, Covid-19 forced the world to enter the zone and served fruitfully to various industries. IT Industry is an example where the new perspective of working from home continues beyond the pandemic’s limitations. It benefits the employer and employee by saving the infrastructure cost and time for both parties, respectively.
Final thoughts
The increasing number of users on the Internet with the growing access to it daily proves that the Internet is changing the employment landscape. With Covid-19 present on the face of the nation in the form of global lockdown, forcing the globe to be locked in their homes with only one thing to spend time on the Internet.
An additional demand for the IT professionals to manage the Internet crowd fetched in the era of Covid gave rise to another segment going for the side hustle leading to moonlighting and ending up with a startup creating further employment opportunities.
read more topics….
https://aliaslam.org/starting-your-online-freelance-journey-in-8-steps/https://aliaslam.org/freelancing-vs-self-employment-5-key-differences-benefits-growing-trends/https://aliaslam.org/how-to-make-money-online-make-money-online-for-beginners-with-fiverr/https://aliaslam.org/how-to-start-an-online-business-and-find-growth/
