Nowadays, heated discussions have sparked about making money from the convenience of your own pad – without hustling every single day, beating up the traffic just to be able to go to an office and so on.
Cryptocurrencies, or also known as ICOs (initial coin offerings) and other forms of it are in so much demand right now, making people frenzy into this what-so-called bandwagon of cryptominers and traders.
We’re not here to talk about cryptocurrency, though. In my own and personal opinion, I will not touch any cryptocurrency trading or mining application until I guarantee the future of it (since now, it’s so volatile that financial experts call it a very short-term or ghost investment). People are shelling out real amount of money on mining hardware such as graphics cards, ASIC miners and so on, or even buying cryptos in bulks, but having the fear of losing their investment and even not having it returned, due to the nature of cryptocurrencies.
It also gives gamers and enthusiasts the trouble of finding good hardware for their computer builds. Prices are surging up and supplies are having a hard time to catch up as well.
So knowing the reason why I’m not keen on having cryptocurrencies anytime soon, I would like to present some other viable solutions on making money at the convenience of your computer, and internet, of course. Some might not be hit-or-miss methods, but these methods are genuine, at least, on my experience.
Most people are asking us bloggers, how do you make money from that ‘blogging’? Well, there are so many methods embedded on this topic alone, some are included on the subsequent points down below such as Affiliate Marketing and Content Creating.
Primarily, bloggers earn passive incomes from advertisements displayed on their sites, mainly from Google AdSense or other ad networks such as Outbrain, Revcontent and Taboola. But most bloggers don’t qualify for the 3 latter-mentioned ad networks since they require a high traffic at the very least to qualify, leading to bloggers to find another alternative source of income.
Another income-generator method for bloggers, are sponsored posts. These posts could be written by you for a fee or given by a company or individual for you to post on. A certain fee is imposed for every post (but it depends on a case-by-case basis) and is agreed upon between the client and the blogger. A sponsored post may cost, at the very least from $25 up to a $1000, depending on the blog’s mileage (reach, traffic and followers).
We’ll explain affiliate marketing and content creating on a dedicated bullet below, but they are also a big contributor to bloggers’ income since usually, bloggers are the ones who benefit from these kind of money-making stunts.
Freelancing / Virtual Assistant
The freelance world is so big, and it needs skillful people who has a computer and internet at home to satisfy its needs. Already a popular income medium, most ‘freelancers’ or those who work at home without a boss are earning a decent amount of money by doing what they are inclined into, at the convenience of their home or favorable working environment, usually through online staffing sites which are mentioned below.
The process is simple, you’ll find a freelance job offered from sites such as Freelancer.com, Upwork or Elance and the like, then you’ll submit an application for the hiring of job (can be a photo edit, web development or whatever an individual or a company wants to be accomplished), then, if selected, you’ll work on the project until the set deadline and after that, the employer should pay you.
Pricing are usually variable when it comes to freelance works, so that’s why we couldn’t give any exact figures here. But, working on for at least $100 or $15-30 per hour isn’t bad, right?
Do you have some stuff that you don’t use anymore? Or stuff that you think you can sell on a good price? Well, online selling could be your place to start with. There are so many online selling portals in the market, such as Lazada in Asia or eBay. There’s also Facebook as well, where they’ve recently enabled Marketplace, making easier access to products being sold online. Of course, you’ll have your own price set.
You can sell almost anything (make sure it’s legal, though) such as clothes, shoes, computer parts, bicycles, vehicles, houses, accessories. Your capital is your limit here. Partner it with a good website or marketing style and you’re sure to get something great in return.
Due to the growth of eCommerce and online shopping sites in the previous years, this has become a viable option. Popular online shopping sites such as Amazon, BN and Lazada do offer affiliate programs which gives affiliates commission on every product sold through their affiliate links. Now, almost any online seller would do offer affiliate links so that they would help affiliates earn while at the same time, giving more sales to their products.
How it works? An affiliate will get a link (which we call ‘affiliate link’) which is used by the platform or the seller to track a potential customer’s activity to the site (or to track which affiliate link has helped on to make a purchase). A commission (usually 5-10% of the principal amount of the product) was given to the affiliate upon a verification of a successful purchase.
It is usually done by bloggers and content creators on YouTube by recommending products they’ve shown on their website or videos, linked through the descriptions or captions of their contents. This way, when somebody wants to get the product for their own use, the reader or the viewer will go through the link instead of searching it on the selling platform, directing them to the actual product page itself.
However, you can also do affiliate marketing without a blog or a YouTube channel – you just have to get an affiliate link of your own, then promote it to your community or potential customers (in a good way, please) so that this kind of money-making stunt wouldn’t be condemned by the ordinary people.
The vast growth of YouTube and other video sharing sites in the previous years is undeniably seen by almost everyone who consumes internet on a regular basis. Most people are now depending on videos to look for something like product reviews, or just pure entertainment. Many still don’t know, however, that they can earn from just doing videos and uploading it on platforms like YouTube or streaming at Twitch.
Here’s how a content creator can earn: First, through YouTube monetization itself (which is powered by Google’s own AdSense ad network), second, is thru crowd or fan funding, third is through affiliate marketing or commission based earnings, fourth is thru brand or company sponsorships and commercials, fifth is thru merchandise selling, sixth, is thru the help of MCN’s or networks and seventh, tours and guest appearances either on shows and concerts.
Some big names in YouTube are reported to have earned six figures in US dollars last year – showing how big YouTube can be as a money-making medium for those who love making videos.
But all the aforementioned methods take some time and effort before a decent amount of revenue could be generated – wasn’t there any hit-or-miss methods to make money online?
Don’t worry, we’ve got you covered.
While I’m not a gambler myself, many are still doing this money-making stunt despite it seems to be a hit-or-miss in terms of money making. Most people are betting on casinos and the like, and either win or lose just like what fate dictates.
“Probably it is the quickest way to make a lot of money without breaking the law”
Cryptocurrency mining is just like this – but the difference is that you’re gambling on to something that you can’t hold physically, and gambling on to something you didn’t know where it come from.
In my humble personal opinion, it’s better to gamble instead on a legitimate gambling site than to gamble on something that makes other people burdened by divesting on cryptocurrencies.
There are 2 methods, in which I have personally checked to see if you can get something on it. One is a legitimate online gambling site, while the other one is called ‘matched betting’.
First is a legitimate online gambling site called Casino.com, where you’ll bet, just like on a real casino, and see your bettings/winnings. You’re using your own PayPal account (so in this case, I’m recommending you to be cautious as well), since if you have a lot on your PayPal’s linked cards, they might get emptied or added after you game. They also have other payment methods available, mostly are the ones primarily used such as VISA and MasterCard. I’ll not elaborate much about Casinos, since I didn’t get an experience to go to a real one on my own – but this convenient solution of online betting was any better than going to a casino far away from your home.
Second is ‘matched betting’. Probably it is the quickest way to make a lot of money without breaking the law. Lots of students have genuinely made £100s from this technique. It’s completely legal, risk free, tax free, and anyone can do it.
It works by taking advantage of free bets regularly offered by betting sites through ‘matching’ them at a betting exchange. Matched betting eliminates the risk (you are betting both for and against a certain outcome). This leaves you being able to squeeze out the free bet, which can be as much as £200! Multiply this by how many betting sites there are and you can quite easily come away with a profit of a few hundred pounds.
Will not elaborate much about matched betting but you can read and learn about it more, as well as a good guide on how to start on doing it through this guide made by SaveTheStudent.org.
Have you tried any of these methods on making money online? What do you think of this list? Let us know through our new comments section below!