CAN I MAKE GOOD MONEY ONLINE?

forbes.com

Some say they only reap peanuts on online ventures while others affirm they reel in a lot of dough. You’ll be surprised to know that both versions are absolutely true.

Depending on what you decide to do and how smart you work-you could fall on either side. The good thing is that there are so many ways to go about this essentially according to you the autonomy to choose one that best works for you. That said you should be wary that some of them are scams.

You’ll need to be diligent in picking out the chaff from the grain. A few of the proven ways are listed here.

Online trading

Trading is perhaps the oldest form of business that has transcended over time. This savvy business has made its way to online platforms and is making serious inroads.

Albeit very lucrative some shy away because of the risks it carries. A good day could see you taking home millions and on a bad day, you could lose hundreds if not thousands of dollars. Though some of the risks are unpredictable most can be tied to “faulty” websites- for lack of a better word.

I would urge to try one with a demo trading account that allows you to get a feel of the site before actually committing to it.

Blogging

It’s no secret that blogs are almost edging out some magazines. We are moving towards a more paperless world and as such, we depend on blogs to keep us abreast with what’s trending in the world.

As such this has become a very lucrative venture for many. To be a great blogger not only do you need to hone your writing skills but also have to write on topics people want to read. The bigger your audience the more money you will be able to make.

Affiliate Marketing

Are you aware of what affiliate marketing is? This is when you refer a customer to buy someone else’s product and get paid for it. This is perhaps one of the easiest ways of making money online.

I mean you don’t have to fret over merchant accounts, customer service or any other bugbears that come with owning the product. The only thing you have to figure out is how to keep your acquisition cost lower than revenue generated per user acquired.

If done well you could make thousands of dollars in just one month.

Freelancing websites

Whoever said online ventures is not for everyone couldn’t be more wrong. Freelancing has seen an Indian writer work for a company in Spain. Websites like Up work have slots for literally any trade.

It doesn’t matter whether you are an accountant web developer or even a lawyer. To hack it as a freelancer you need to develop a thick skin because you are bound to meet very different types of personalities. Some will be good experiences others will have you quit the job and forego the pay.

The best way is to create long lasting relations with those clients you get along with. This will ensure a steady flow of work.