how to make money online

How to make money online

How to make money online

They are so many ways to make money online some which are time consuming and some which you can do during your spare time or after work. There are two ways of making money online the first one is passive income and the second one is active income. With passive income you work once and sit back and watch the money flow in like selling a soft copy novel whereas active income you get what you worked for like getting paid after an a typing job.

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Online surveys

An increasingly popular way for students to make money is to fill out online surveys in their spare time. Research companies are always recruiting new members worldwide to answer surveys and test new products this is because it is cheaper for them to do an online market research than the on field one.

For a few minutes of form filling, you can make a couple of quid which is paid as cash or rewards. You can bag up to £3 ($5) for some surveys

  1. toluna.com
  2. Onepoll.com
  3. my survey.com

Online typing jobs

If you are  fast and accurate typing they know you know that you can make money using your skills. Most of the work you will be doing would be converting audios to text. For every page you type you get around £4 ($6.7).

Freelancer

A freelancer or freelance worker, is a term commonly used for a person who is self-employed and is not necessarily committed to a particular employer long-term.

If you are good at any of these

  • Voice Acting
  • Writing
  • Blogging
  • Social media marketing
  • Photography
  • Bookkeeping
  • Marketing
  • Graphic Design
  • Website Design
  • Translation
  • Data Entry
  • Website Development

then you can be a freelancer and make a lot of money. They are many of websites you can register as a freelancer such as upwork.com and fiverr.com.

These are the websites for freelancers

  1. Upwork.com
  2. Fiverr.com

Start your own website

Interested in generating passive income? You need a website. It’s THE way to make money while you sleep.

Starting a website with Bluehost takes less than 20 minutes, costs hardly anything and can be done by an 70 year-old. It only takes a bit of plugging on social media to get your first visitors, and there are plenty of ways to monetize your site.

Save the Student is just one example of a successful website, started at university by Owen Burek in his first year, which has since grown into a full-time and sizable enterprise.

You can earn money via affiliate marketing and ads, you can get a million dollars per year with a website if monetize it properly and if you provide value to your visitors.

Influencer marketing

Many of people still don’t know this method which means there is low competition which is good news to most of you. Influencer marketing is when you get to promote someone else products or services because you are and influential person. This is who many celebrities make side money nowadays. Your are probably probably saying to yourself “am not a celebrity so this is not for me “, well to play in this game you don’t really need to be a celebrity. All you need is a decent social media following and engagement from your followers. For example if you have over 20,000 followers and a good engagement on Instagram you are the right person most marketers are looking for. So you promote the marketers products or service via you social media profiles and you get paid for that.

There are 2 methods they use to pay you, one is affiliate marketing and two, they offer a contract. In this business you need to have a large social media following or large email list.

Selling software

If you are good at programming then this is for you,you can build apps, website and games and sell them for a couple of hundreds or thousands of dollars on flippa.com. If you also have a business or business plans you want to sell then go to flippa.com.

Drop shipping

Dropshipping is a supply chain management model in which retailers don’t have to worry about managing their own inventory. They can easily promote the products of suppliers and earn handsome commission on arbitrage.
The dropshippers work as intermediaries suppliers and customers. They transfer the order information to the suppliers while keeping a certain amount as commission, who then dispatch the product from the warehouse to the customers.

Dropshipping involves the supplier, the dropshipping store, and the customer. Customer orders a product from the dropshipping store. The dropshipping store transfers the details of the customer to the supplier. The supplier then ships the product to the customer. The dropshipping store makes a profit by selling the product for a higher price.

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For example, if the price of the product on wholesale is $150, the dropshipping store can sell it for $200 to $250 making a commission of $50 or $100 easily.

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Bitcoin Mining

Bitcoin mining is a lot like a giant lottery where you compete with your mining hardware with everyone on the network to earn bitcoins. Faster Bitcoin mining hardware is able to attempt more tries per second to win this lottery while the Bitcoin network itself adjusts roughly every two weeks to keep the rate of finding a winning block hash to every ten minutes. In the big picture, Bitcoin mining secures transactions that are recorded in Bitcoin’s public ledger, the block chain. By conducting a random lottery where electricity and specialized equipment are the price of admission, the cost to disrupt the Bitcoin network scales with the amount of hashing power that is being spent by all mining participants. A bitcoin is like gold it is very valuable.

To be successful with bitcoin mining you should invest a lot of time learning and understanding everything about bitcoin because it is very risky and you can lose all your money. Some teenagers are making millions of dollars every year  with bitcoin mining.

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