How to make money in finance | make money in stock market and online business
How to make money in stock market and more
When you’re hunting for ideas on how to start making money online, you’re going to be faced with thousands if not millions of get-rich-quick schemes all telling you it’s possible to make a 6-figure income in practically minutes. However, few of these so-called money-making websites are legitimate and often include high up-front charges with no guaranteed results.
Obviously, when you’re trying to find ways to make money online, you want a system that will actually let you earn rather than waste your time and potential investments.
In this article, we’re going to look at 20 trusted ways to make money online. From writing blogs to completing online surveys to simply watching videos, there are loads of ways to earn money or even enjoy a passive income from the comfort of your home.
These methods might not earn you millions on the first day, but they are tried and tested pathways to make a real income easily and conveniently, without worrying about getting caught up in a “too good to be true” scheme.
Dropshipping is one of the safest and easiest ways to make money online from anywhere in the world, and there are some huge potential payouts available if you do it right.
For those who don’t know, dropshipping basically involves setting up an online store to sell products to customers. But while you’re in charge of the marketing and sales process, it’s the suppliers who store, package, and ship the items on your behalf./
While not every dropshipping store will be a success, there are plenty of dropshippers who turn over huge figures – for example, you could reach $10K in just two months if you market your products well!
Dropshipping is one of our favorite low-cost methods for making money online, as it takes very little up-front investment, and there’s no limit to the type of products or online store you can create! There are also many free or low-cost helpful tools – like Oberlo – that can help streamline the dropshipping process and help you earn some (potentially impressive) passive income from anywhere in the world.
2. Sell your stuff
If selling products via your own online store feels a bit too much like a full-time job for your needs, you might be surprised how much you could make selling your old, unwanted possessions.
Obviously, websites like eBay, Etsy, Craigslist, or Facebook Marketplace are excellent locations to offload some of your unwanted items (and make some cash in the meantime). Still, you might also want to check out some other locations if you own more niche stuff.
If it’s old clothes, accessories, or shoes taking up too much space in your closet, websites like Poshmark, Refashioner, TheRealReal, ThredUp, and Tradesy are fantastic. You could also sell your vintage clothes with niche marketers or at a thrift shop (online or IRL).
Similarly, when you’ve finished a course, old textbooks can sell for some decent cash provided they’re in good condition. Stores like Barnes and Noble make it simple for students (or ex-students) to sell their books back at the end of the year.
These days, teaching doesn’t just happen in a school, and you can make some decent money teaching online. One of the best subjects for online teaching is to teach English as a second language. A few websites will help you do this, but one of the best is TEFL.
With TEFL, you can learn everything you need to know about teaching English, get accredited with an internationally recognized TEFL certificate, and even access help getting your first teaching gig.
Teaching English is an excellent option for travelers, as you can work online with just an internet connection or take your qualification to teach almost anywhere in the world.
E-stores are going to make the big bucks this year.
You can do it too.
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If language isn’t for you, you could also create online courses in practically any subject you’re passionate about. From how to breed and care for tropical fish to music lessons, the options for teaching online are virtually limitless. You could teach via YouTube videos or write a specialist eBook (both of which we’ll look at in this list).
Alternatively, you could launch an online course via platforms like Zippy Course and get paid for your knowledge.
4. Start a YouTube channel
Starting a successful YouTube channel can be easier said than done, but it is something that’s accessible for anyone with an idea, a camera, and some basic video editing skills. The highest-paid YouTuber is just nine years old. Ryan Kaji earned an estimated $29.5 million from June 1, 2019, to June 1, 2020, reviewing toys, sharing stories, and enjoying DIY science experiments.
But while it might take some time for you to hit the 41.7 million subscribers that fuel Ryan’s YouTube success, a YouTube channel is a fantastic way to earn some extra cash while sharing something you’re passionate about.
There are three significant ways to monetize your YouTube channel:
Become a partner: Once you reach 4,000 watch hours over 12 months and have at least 1,000 subscribers, you can become a YouTube partner. This enables you to make money based on how many viewers your videos receive. Most partners earn somewhere between $0.30 - $2.50 per thousand views.
Connect to Google AdSense: Once you’re a YouTube partner, you can connect to their advertising system to get paid based on the number of “impressions” you receive for each video. In other words, you get paid when a viewer watches or clicks on an ad linked to your video.
Product placement: In some instances, a company might pay to sponsor your videos or have you feature their products. It is essential to inform YouTube if you’re releasing a sponsored video or are using product placements; otherwise, they will be entitled to pull your partnership.
5. Start a Twitch stream
twitch on phone
Twitch streaming is an increasingly popular video platform and can be a fantastic way to make money from home doing something you enjoy.
For anyone not familiar with Twitch, this streaming service is predominantly popular with video gamers, who can live stream their gaming sessions and connect with other fans. That said, Twitch also offers a platform for people to share other interests such as cooking, music, Q&A sessions, and pretty much anything else.
The knack to making a lot of money with Twitch is finding a balance between a game or channel popular enough for you to be discovered, but without so much competition, you get lost. You’ll also need a consistent style for your videos (funny, educational, entertaining, for example) and engage in the chat features.
There are five key ways to earn money with Twitch:
These are pretty similar to YouTube’s monetization options. However, many gamers report that it’s easier to make more money on Twitch, and the barriers to getting paid are much lower (you need 500 minutes of broadcasting over 7 days, at least 50 followers, and an average 3 viewers per video).
6. Look for freelance work
freelance to do list
Whether you’re a writer, artist, photographer, graphic designer, developer, teacher, or have any other skills, chances are there’s a freelance gig just waiting for you!
Freelancing is an excellent way to boost your income, work around your own schedule, and set the prices you feel you’re worth. Many freelancers start their careers as “side-gigs” alongside a full or part-time job and transition to work in their freelance niche full-time as work picks up.
To become a successful freelancer, you’ll need to start by building a solid portfolio. This might mean doing some free work for reputable brands before approaching big-ticket clients or working for friends/family at a lower cost to get the business off the ground.
Once you’ve got a portfolio, the next challenge is finding freelance gigs. There are a LOT of freelance websites claiming to help get your businesses off the ground, but keep in mind not all of these will actually pan out.
To get started, we’d recommend signing up to well-known freelancer sites like Fiverr, Freelancer, and Upwork. LinkedIn and Facebook Jobs also have freelance opportunities occasionally. You could also check out Craigslist for freelance gigs.
Depending on your niche, there may be more specialist websites and freelance job boards worth signing up to as well.
drive a car
Okay, this isn’t an online money-making idea… But, if you have a van, car, or even a bicycle, you could make money on the go. One obvious way to make money with your vehicle is to complete deliveries for a local restaurant or as part of a major delivery service such as Uber Eats or Deliveroo. This is great if you don’t have a full drivers’ license, as you can also deliver on your bike or moped.
For car drivers, signing up for a drive share program such as Uber can be a fantastic way to make extra money without much commitment.
Drivers who want to take their money-making to the next level could also consider transforming their vehicle into an advertisement using Free Car Media to earn up to $400 per month… Just for driving around!/ With this easy money-making system, all you need to do is wrap your car with a removable vinyl decal promoting whichever brand you’re partnered up with.
We also recently read an article about doubling up Uber lifts with your own business. For example, if you sell homemade items on Etsy, you could keep some products in the car to show interested passengers and make a few sales on the road… Just don’t pressure every passenger into a sale: that’s a quick way to drop your Uber rating!
stocks and shares
If you know what you’re doing, investing in stocks and shares can be a quick way to earn money on the internet. However, investing comes with risk. So, while this is arguably the most profitable money-making idea on our list, it is also the riskiest and can result in you losing more money in the long run.
If you’re interested in investing, it’s worth speaking to a financial adviser and learning as much about the stock market as possible to minimize your losses.
If your company offers a business stock program, this can be an excellent way to get started with stocks while supporting your employer. They might also offer an RRSP matching program that you can sign up for, which is beneficial for long-term goals.
You might also be interested in robo-advisors to assist with your investments. With these robotic helpers, all you need to do is select the level of risk you’re comfortable with, your goals, and add some cash to your account. The robot-advisor will do the rest and automate your investment portfolio to (hopefully) maximize returns!