Yes it is very much possible. There are thousands of ways to make money online. I will mention few ways that actually works :
1. Are you a writer or do you have a deep knowledge about any subject? If yes, then write an E-book that sells. The topic could be anything from the arts to science. You can earn passive income from the writing and selling E-books.
2. Can you sell something or do you have convincing skills? If yes, then affiliate marketing is a great choice. The affiliate marketing involves sharing product or service links of the merchant.
When someone clicks on your affiliate link, they will get redirected to the merchant’s website. If they purchase or takes action, then you get paid. This is not easy as said. It requires lot of skills and patience. You should keep on experimenting with the strategies.
I strongly recommend Amazon affiliate marketing and Shareasale. You can also try eBay partner network. Although some affiliate programs or networks require websites, some may be relaxing. You can promote using social media, E-Mail marketing, webinars, podcasts and YouTube.
3. Are you interested in blogging? If yes, then create a blog and keep writing informative content. You need to spend on the domain name and hosting. The content should please both readers as well as search engines. You cannot earn money from the day 1.
The blogging requires lot of patience and consistency. You must be consistent in writing content. It takes time to see the money coming to you. I was penniless for almost 2 years. If you have savings in your bank account, then go with the blogging otherwise look for other options.
4. The YouTube is a biggest sensation on the earth. Billions of users watch videos daily. It is absolutely free. Create a channel with your desired name. Be creative as there is a hell lot of competition. Prepare an engaging video content.
You cannot monetize your channel unless you have 1000 subscribers and 4000 watched hours in an year. This is insane for beginners. Once you satisfy the requirements, you can monetize with the AdSense. Learn how to make serious money on YouTube.
You can find some more ways in this article. Hope this answer helps you. I wish you all the best for your future endeavors. 🙂