You’ve been bombarded with the different “cool and simple” ways to make money online for years now, isn’t that right? It seems that anyone is making money on the internet.
While many do make money online, in reality, things are somewhat different than they are being advertised.
People do make a shit load of money online but not the way you think it’s done
The following ways to make money online are not theoretical, as many out there are. The one who picked them is actually using all three as the ONLY ways to generate monthly incomes.
No traditional 9-5. No boss. Only the internet and unique benefits it provides. It’s just the matter of optimization of your knowledge and understanding of this new world and all the wonderful perks that come with it.
Money, serious money, is generated through several online options, have no doubts in that. The 3 we’ll explain here are the most efficient.
Surveys and other useless crap are not the ways to make money online. Something else is.
Forget about surveys and similar shit. In most of the cases, you’ll pick up some menace that will alter the behavior of your browser, or you’ll end up being bombarded with gazillion different clickable ads that are “leading” you to your chosen option. Every time you click on the ad, in a hope that you’ll finally reach your final, profitable designation, a website owner makes $0.02 profit and you end up disappointed.
If you are lucky to stumble upon a legitimate service, that will just be some pocket change and a complete waste of time. If in doubt, just ask yourself would you pay $5-$20 to someone for filling the one-page survey?
Things work differently online.
And since we are talking about making extra cash aside from your regular job, you should learn the proper and viable way to make an extra $1,000-$2,000 a month using only a few hours a day.
There are only 3 ways to achieve that:
1 Make money online through MARGIN TRADING or THE Way
It can either go up or down.
When we say margin trading, we are predominantly thinking about Forex but that could also be every other CFD (contracts for difference). Although, when someone mentions Forex, most folks automatically turn their heads in other direction with one single thought on their minds: ‘hoax’. And that just isn’t the case with Forex. Poor people are depriving themselves of the fastest way to make money online.
However, it’s not entirely their fault.
You see, crooks spoiled the game for everyone. What is a legitimate and highly profitable business or the way to make money online, that appeared as an option only most recently, got turned into some spam/hoax crap.
Forex trading is the single, fastest way to make money online and even to gain a complete financial and any other type of independence.
One who learns the game can easily turn $3,000+ in just 15 minutes. That’s the reality, only it doesn’t include any kind of a “system” or “trading bots.” Buy into that shit, and you’ll lose money because Forex market is the roof market of all global exchanges of goods and money. Ordinary people, like you and me, have only recently gained access to it.
How do you make money online with Forex?
First, you need to learn how it’s done. And arguably the best way to learn Forex is to finish the Forex trading course at www.babypips.com. It’s free, brutally efficient, and designed in a way that a child could understand it.
You are strongly advised to start there BEFORE investing even a cent of your money.
Forex works really simple. You make money on a difference in the exchange value between the base currency and the quote currency (EUR/USD pair, for example, where the first currency is the base currency and the second one is the quote currency).
In difference from the stock exchange that can be manipulated in rather a simple way by the big players, Forex is less prone to manipulation. The only entities with that capability are major central banks such as US FED, EU ECB, UK BOE, Japan’s BOJ and few others. However, traders know, in advance, how some particular decision will influence the movement of the currencies.
Additionally, you have charts (technical analysis), macro and microeconomic stats and signals or news (fundamental analysis) and perhaps the most important part of everything, the behavior of the traders (sentiment analysis). Once you learn how to combine all three, the rest is simple. You just have to follow the news to see if there’s something important happening that could indicate a sudden change of trends.
Along with usable signals provided by the broker or some other specialized trading service, you have more than enough assets to predict the movement of the currency pair in X period of time.
That X period of time can be anything from minutes to years. That’s how flexible it is.
The important things to know about Forex trading are these:
- Ordinary people, like you and me, do make a living trading Forex, have no doubts about it. I know that because I’m one of them.
- Forex trading is a high-risk investment game. It means exactly how it sounds. If you are not careful, or you set yourself too emotional/too arrogant to the entire deal, you can lose more than you have on your balance. Every type of margin trading carries this risk because you are basically borrowing the instruments from the brokerage company.
Why borrowing instruments?
Do you have $100,000 to invest in the currency pair and make $50,000 profit in one hour of trading? Hardly. And, you won’t get far with $100 either, trust me.
So, to tackle the obvious problem, you borrow a certain part with the leverage that can go as high as 1:200. The broker simply borrows you the money to buy a standard lot, for example, thus creating the margin. How wide that margin is, depends on the balance on your account and the number of lots you are buying or selling.
This is how it works
- Buying action/order is executed when you think that the base currency will go up
- Selling order is placed when you firmly believe that the value of the base currency will inevitably drop down because of the terrorist attack, the upcoming unfavorable decision of the central bank or any other incident that could trigger the flight response at the herd.
Seems too complicated?
In reality, it’s simple, if you are interested in this kind of stuff. That’s why it’s CRITICAL to learn the game before kickin’ the first ball. Don’t play with it. Start the course at www.babypips.com, open the DEMO account at some trading platform and PRACTICE with the play money until you become confident enough to invest your own hard-made money.
In my case, I set myself a simple goal: spend as much time as necessary on a DEMO account until you move from initial $10,000 to $100,000 of play money. That’s how I started and I do recommend you take that same approach. Even better, open a DEMO with the minimum amount of money to see how fast you can move with $1,000 or $5,000, depending on how much you are willing to invest in the beginning.
2 The second way to make money online is sexy and famous, yet not that simple as many claims
We are talking about largely over mystified WEBSITES.
How many spam emails have you received so far that promise you fast monetization of your blog or web? So much that you grew tired of it, right?
Well, they are all partially right. You can make money with websites, that’s not an issue. The real problem is getting to the point where your blog or a website actually generates money.
We are deliberately using two terms (blogs and websites) because of the obvious difference in perception. Blogs are more of an everyday opinion while a website far exceeds the scope of a simple opinion. Both can be seriously monetized.
What’s the best approach to make money online with website/blog?
The first thing you need to figure out is the niche or the preferred field/subject of your web business. That can be anything at all as long as there’s public interest. That interest must be large because too narrow niches mean fewer people are likely to visit your web and buy something from you.
In all fairness, you don’t have to sell anything. There’s a way to make money on different kinds of advertising, be it native or through content marketing, or even with PPC ads, such as Google Adsense or Taboola.
However, that option will hardly bring you more than $200 a month AFTER a year or two of persistent work on your web. With global median click-through-rate of only 0.25% and the fact that the single click on a medium-worth ad brings few cents, you can calculate the likelihood of making “thousands of dollars.” It was possible in the past, but nowadays, things are different. Major services like Google with its Adsense are taking 90% of the money.
Thus, the most promising thing to do, in order to monetize your web, using not more than 4 hours a day, Monday to Saturday, is to sell something. It can be a book you wrote. Or the tool you made. And even the things other people are making.
For instance, go to www.clickbank.com and check the environment. You’ll find tons of different vendors offering high cuts in price for their affiliates. You can make $50 to even $1,000 with the single sale without taking any part in making or shipping of the product. The website you made serves as the sales funnel. I land on your web, see something neat that strikes interest in me and click the link. I’m then taken to the payment gateway to execute the purchase. I receive the product while you make a profit on that single sale.
To apply this model efficiently, you must learn two things:
- SALES
- MARKETING
Maybe you are natural but it would still be smart to pay attention to the sales letters that managed to force you to click/buy something online.
That’s the best way to start learning how it’s done because selling something online is far more difficult than in traditional, face-to-face sales. There’s no eye contact! It’s a different kind of environment. Additionally, if you bought into that particular online sales approach, there’s a good chance others will buy into it too.
So, once you get a good grasp of the matter, it shouldn’t be too difficult to connect, let’s say, your passion for green energy, with the solar system you are offering as an affiliate – the system made by someone else.
That’s how you start. You pick the niche, find few affiliate products and then build the content around the products. It’s called content marketing and it’s arguably the most efficient way to strike trust at prospects and shift them into the pre-selling mode.
In addition, you can add a simple-to-use dropshipping plugin such as AliExpress or Oberle and fill your online repository with all sorts of products manufactured somewhere else and shipped in your name by someone else.
With dropshipping, you can start the e-commerce website in less than a day with extremely low overhead. However, considering the competition and low markups, you might not see some real money in the beginning. At least until you make the name in your niche. That’s why it’s wise to combine.
3 The third real way to make money online is definitely FREELANCING
This is me, working, at my usual spot, in my usual working outfit.
Or the per-contract based professional engagement between the client in need for the service and the service provider.
If you have some skill, any skill, that can be utilized as the service, you have what it takes to become the freelancer. It’s something you can do part-time, using 2-4 hours of your working week.
What kind of skills are we talking about here?
Do you like writing short novels? How about web articles? Perhaps you like to illustrate or to create templates and other graphics for websites? Maybe you have a thing for coding? Or, if there’s nothing else, you can go with virtual assistance. Even people with the experience in geology and architecture, with CAD knowledge, can make money online by providing their services.
Freelancing is a type of outsourcing. More and more companies are ditching the old way of having an office and employees and deciding to outsource at least parts of their operations to freelancers or the people with necessary skills that are not interested in full-time traditional employment. Instead, they are making money based on the results. Company’s direct gain is obvious – serious cut on expenses.
Where do you start?
First things first. Freelancing industry, same as every other industry, has its own set of rules. The rules of engagement. Therefore, your best course of action is to learn more about the industry itself with the addition of going into details about how exactly the newcomer like you can land the profitable contract on the international market.
Then, you might want to take a look at www.upwork.com for example, the largest freelancing platform in the world, where the river of jobs is posted every second, 24/7, 7 days a week. It’s the market that never actually sleeps. You can land the contract on the New Year’s Eve.
Why freelancing platform?
If you wanna buy a car, where do you go?
Same is here. Why running all over the internet when there’s a place that connects clients with freelancers. Truth to be said, they are taking a juicy cut out of every deal but it’s pretty much necessary cost one must pay to build reputation and important connections that will allow later direct engagement with the clients.
How much can you make freelancing?
There’s no limit. Nothing is fixed. It depends on your skills and how much hours are you willing to invest in it. One can live a comfortable life freelancing.
Those who are eager to make more, hire additional pairs of brains & hands (most likely freelancers) to be able to work on multiple contracts simultaneously or on more complex types of contracts that demand a combination of skills. It’s basically a company of the new age, where there are no offices, no need for supplies, dental insurance or air conditions. All you need, as the CEO of such a company, is the internet connection and Skype.
That’s the main reason why many people, across the globe, myself included, have decided to go pro with it.
Because the paradigm has changed. Work is not where you go anymore but what you do. Given the development of process automatization and robotics, pretty soon it won’t even be a choice but the way things are.
Professional freelancer is the entrepreneur. A self-employed person who’s taking care of own business. He or she is free of annoying morning alarms and in liberty to take a break whenever he or she wants and for as much time as he or she likes. Work resumes when a freelancer decides and not a second before or after. That’s freedom. At least in my book.
Alright. These were the 3 real ways to make money online. Chosen and suggested by someone who’s been using all three for quite some time now.
All in all, each individual option allows maximum flexibility and freedom of choice because there’s no boss breathing behind your neck, telling you what, how, and when to do something – all for ridiculous monetary compensation.
The combination of all 3, however, creates a financial paradise and subsequent complete independence. It’s up to you to decide which model to choose.
The world has changed. The internet is a new reality. The new environment, that has adopted much of the rules from the physical one, and where 4 billion people connect daily. The big chunk of those 4,000,000,000 folks who connect to the internet is willing to spend money one way or another. And you are most likely one of them.
So why not using few hours of your day and join that smaller part of the online environment that cashes in – daily?
