12 Cool Ways to Make Money Online
So you’ve decided that you want to create an additional stream of income to fund that exotic trip on your bucket list, and you’re determined to use the internet to supplement your earnings. You will want to find an online niche that is unique, useful to potential users, and can generate enough revenue to help make that bucket list a bit shorter. Beyond fulfilling bucket list items, you dream of success so great that you can fire your boss and strike out on your own to make your fortune.
Then perhaps you’ve been looking for some ways to make money.
Before you give the boss his or her walking papers, consider that finding a money making online niche and turning it into reality requires a lot of time, hard work and research. Information gathering is crucial, and not just any information, but the right information. Unfortunately, there are far too many “get rich on autopilot” scams, with empty or ambiguous promises of “being up and running in a few weeks”. This information, in the form of a “system” (at a special price) may actually be:
⦁ The Wrong Information
⦁ Outdated Information
⦁ Information That One Realizes Could Have Been Obtained for Free
Buying one of these “get rich” systems is tempting for sure, but chances are very high that the only person making any money will be the one selling the system to you! Hard work, persistence and tons of free information available in cyberspace and elsewhere will help you achieve financial success and independence. And therefore, behold, the (free) suggested list for what’s creating an online revenue stream.
Top 15 Money Making List
1 – Author a Blog
Reading, contributing to, or commenting on blogs has become an everyday routine for many internet users. Expertise, commitment and business savvy are all important to success.
Blogging has created a fantastic conduit for encouraging diversity and advocating for minorities, with the likes of Necole Kane (hellonecole.com, xonecole.com), Fred Mwangaguhunga of MediaTakeout.com, Zoe Griffin, Andy Torres of Style Scrapbook, David Badash’s The New Civil Rights Movement, or Viviana Hurtado and The Wise Latina Club, just to name a few . These sites and many other top blogs enjoy huge amounts of traffic and a large following on social media.
Create your own successful blog and you’ll have advertisers begging to pay you for ad space (Read Advertising)!
Read this previous blog post which goes further in detail on blogging.
2 – Utilize Affiliate Marketing/Programs
You can become an affiliate marketer (free!) through your website, blog, review site, e-mail list (see below), newsletter or other online presence. Links, or ads, placed on your site produce income when a visitor clicks on the link and makes a purchase at the advertiser’s site, rewarding you a commission. Clickbank, JVZoo, CJ Affiliate (formerly Commission Junction) and Amazon Affiliates are examples of companies that can assist you in becoming a successful affiliate marketer.
Other affiliate websites worth joining:
- ThinkMarkets – Financial
- MaxBounty – CPA Network
- ClickSure – Various Programs
- InstaForex Affiliates – Forex
- AvaPartner – Trading CFDs, Spread-betting & Options
- ClickBetter – Various Programs
A word of caution: while there are many sites offering courses promising one to become a super affiliate, it’s recommended to take advantage of free resources to assist in proper guidance. The popular Warriors’ Forum has an enormous amount of recent and up to date discussion posts from seasoned Internet Marketers. Additionally, Affilorama offers both free and premium membership services.
3 – Wall Street Laptop – Online Investing & Trading
Your rent or mortgage payment is just out of reach, or that fabulous vacation you wanted to take isn’t going to be possible for another year. Why deny yourself what you want when you can use the internet to generate income? Consider trading in the financial markets as a way to make money that not many know about.
These aren’t “get rich quick schemes,” you need to study and work at it for it to work for you. Be assured, with knowledge and effort, you can take these strategies and make them into money-making opportunities.
They are as follows:
- Day Trading By day trading, we are talking about buying and selling stocks quickly during the course of a day.Sometimes you will hang onto to a stock for just a few hours, sometimes minutes. When you want to make money as a day trader, you would scout companies with high betas. This means looking for businesses which are more volatile than the overall market.You’ll find the most volatile stocks in the market are often what’s called penny stocks. These stocks trade for $5 or less per share. For example, if a stock has a beta of 2.1, the stock could climb or drop 2.1 times as fast as the market, if the market’s value begins to climb or drop. Day traders look for these potentials because fast gains can be had as they ride each volatile stock for only a short while. See this post to read more details on Jason Bond and swing trading.
- FOREX Trading In the forex market, you buy or sell currencies.To do this, you place a trade in the foreign exchange (FOREX) market. The mechanics of a trade are very much the same as you would find in the stock market. If you have any experience in trading, you should be able to to do this fairly easily.The object of forex trading is to exchange one currency for another in the expectation that the price will change, so that the currency you bought will increase in value compared to the one you sold. Potential investors can discover more by reading a previous post, social trading, as it relates to both forex and penny stocks.
- Binary Options You can make money in binary option trading if you follow a system. The key is to control risk. A trader can never lose too much money on any particular trade.
A put option is an contract giving the owner the right, but not the obligation, to sell an underlying security, like stocks or bonds, at a specific price within a preset time. This is the opposite of a call option, which gives the contract holder the right to buy shares.
A call option is an agreement that gives an investor the right to exercise the option to buy an underlying security at a specific price within a preset time period.
In theory, you have a 50% chance of being correct on any trade whether you buy a call or a put option. To make money, you only need to be correct on about 60% of the trades you take. When you are making money in binary options, the outcome of a trade can be influenced by the other people participating and the outside environment. The outcome of a binary options trade can be anticipated by the current environment when the trade is executed. You don’t have to be right by much to be on the money making side.
- Contract for Difference Trading Making money from CFD trading (Contracts For Difference) involves taking advantage of rising prices (long positions), or dropping prices (short positions) on stocks or bonds. The CFD is a contract between two parties, a buyer and a seller, to exchange the difference between the opening price and the closing price of a contract. When this difference is a negative amount, then the buyer pays that amount to the seller.
To make money, you need to:
- Understand past patterns, so you can better predict future movements
- Forecast momentum, so you can “ride the wave”
- Swing trading by looking for stocks currently trading either above or below their normal range
- Taking out two positions in the same industry – one goes long while the other goes short
4 – Ad Networks
Selling advertising directly on your site can provide a steady cash flow. Using a tool such as Google AdSense can make the process easy and effective, providing access to a large existing pool of advertisers. Advertising networks love websites that attract a lot of traffic, so it’s important to work on generating unique and regular visitors each month, using this as leverage for placed ads to attract large audiences.
5 – Data Entry Online Jobs /Utilize Virtual Assistant Services
Fiverr, UpWork, and Time-etc are all examples of companies that specialize in providing virtual assistance in all kinds of business endeavors. You can freelance through these companies to use your skills and talents to make money doing what you love to do, and in many cases at your own hours! These services may include, but not exclusive to: Billing Clerk, Ghost Blogger, Business Card Designer, eNewsletter Publisher, Security Monitoring or Online Course Developers and Language Programming. Imagine taking advantage of freelance data entry jobs for hire on vacation in Thailand, Brazil or Belize!
6 – Use Ecommerce Sites
Amazon and eBay are two well-known ecommerce sites that you can use to make money. Both provide platforms that allow you to sell products in different ways to hundreds of millions of potential buyers. Alternatively, you can set up your own site with the help of specialists, or give it a go on your own. As the saying goes, “If you build it they will come”. As an example, you could create the next best virtual flea market to bring potential sellers together in exchange for a percentage of each sale with dropshipping. Or, perhaps you have an idea of a product of your own? Either way, with the right amount of research and effort, the possibilities are endless.
7 – Apps Development
Come up with an app that people decide they can’t live without, and watch the money roll in. Consider Chad Mureta of AppEmpire, now worth millions, who created his first app, a bestseller called Fingerprint Security Pro, with no prior experience. In-app purchasing can generate additional revenue, and in-app advertising is another potential money maker. Small business owners are realizing the impact that mobile apps can have on their bottom line, and the demand for those with the skills to create such apps is huge.
Many apps are bought and sold on Flippa.
8 – Freelance Writing
If writing is your thing, you can become a freelance writer for SEO content companies such as Fiverr, Writer Access, BKA Content, or freelance exclusively for a company or a select blog or blogs. As online and social media presence becomes more and more important for a company’s survival, a gifted writer can use their talents to create some respectable income.
9 – Domain & Website Flipping
Flippa.com, NameJet.com and other auction sites facilitate the buying and selling of domain names that have expired for a variety of reasons. With some skill and tenaciousness, flipping domains and websites can be one of the simplest methods to make money online, in many cases for a considerable profit. Website flipping involves the buying of a site, improving it, and then reselling it at a higher price. A low initial investment and the chance to make money off the site even while improvements are being made can make this process lucrative as well.
10 – E-mail List Building
Combined with a blog site following or strong social media base, successful marketers know the power of generating huge prospects, which serves as a rewarding source of passive income. In exchange for submitting an e-mail via an opt-in form, subscribers receive updates, free ebooks or discount deals (to name a few). The next step comes from sending an “e-mail blast” (MailChimp, Constant Contact and SendGrid are just a few of the top electronic marketing services used to reach potential leads) with products or services, such as those from affiliate programs. Whether you choose to build an email list with or without a website, it’s important to note that numbers are everything, giving marketers enough opportunities to monetize their website traffic or Facebook fans.
11 – Write an E-book
With the advent of self-publishing, anyone can write and publish an e-book, with the potential to be read by millions all over the world. Whether it be fiction or non-fiction such as a how-to or a self-help book, the possibilities are limitless and the income potential great.
Brief demonstration from Stefan Pylarinos of K Money Mastery:
12 – Utilize YouTube
Creating original content on your own YouTube channel is a great way to generate revenue. The key is to create fun, engaging content that is not only appealing to many users, but to advertisers as well. Quality content submitted on a regular basis creates and nurtures advertising relationships that will last and create income over the long term. If interested, you may learn more here.
Although there is no easy path to making lots of money online, there are so many opportunities available that there should be something for everyone. These 15 methods only scratch the surface of what is possible through hard work, determination, skill, lots of research, and a little luck. Choose something that appeals to you and go for it – you could be the next internet millionaire!