4 Ways to Make Money Online

4-ways-to-make-money-online

Whether you want to substantially boost your day-to-day income, or simply have some money on the side for the occasional indulgence, there are plenty of opportunities to make (relatively) easy money in an appropriate amount of time. In today’s interconnected world, where pretty much everything is connected to the internet in some way or another, there are many opportunities for work available.

Gone are the days of working as a part-time gas station clerk, or mowing someone’s lawn for money. Now you can earn money from the comfort of your home, putting your skills to use and effectively monetizing your spare time. Read on to find out how you can take advantage of some of these (frankly awesome) opportunities

Invest in the Stock Market

Many of us are familiar with films such as The Wolf of Wall Street, where stock traders make deals all day long and pull huge profits in the span of a few hours. However, the real world is much more boring than that. In reality, most people who invest choose to put their hard-earned money into trusted companies with essentially guaranteed growth in the long term – they are not day traders. As such, some people see profits of “just” $300-400 over the course of a year, having invested in a relatively ‘safe’ set of stocks.

There are many free apps and resources on the Internet that help you to get to grips with the world of stocks – in particular the official NASDAQ page. Nevertheless, it can still be difficult to get your foot in the door, especially if you start out with a relatively limited amount of money. This is why an increasing amount of people opt for an investment robo-advisor.

If you’re wondering just what is a robo advisor, then fear not – we have the answer. In essence, a robo-advisor is an automated service that uses algorithms to get to know you better and invest in stocks for you.

Companies such as Wealthsimple combine these smart computer algorithms with the input of expert financial advisors, providing you – the customer – with the best of both worlds. Wealthsimple can provide a portfolio for you, allow you to invest in a high-interest savings account, or you can take the reins yourself and do self-directed trading.

Whichever option you choose, however, you’ll be sure to earn a bit of money that will be very handy to have on hand – especially during these unprecedented times. Whether you consider yourself lucky and want to become a day-trader, or simply want to have a bit of extra cash in the long-term, there is sure to be money in it.

Set Up Shop Online

If you fancy yourself a crafty person, then why not set up an online store? Whatever you are good at – whether it be something creative, like painting, or something more technical, like translations, there are many people out there willing to pay you for those services.

In today’s world, it’s easier than ever to set up an online store offering your products and services to individuals across the globe. What’s more is that you’re not limited to Canada or, indeed, any country – your clientele is basically limitless, and the opportunities for growth are almost infinite.

Many storefronts offer a free-of-charge way to set up your shop on their platform. Sites such as Redbubble allow you to set up an online storefront, with no coding or programming experience required. Just upload your artwork, and you’re ready to go.

Alternatively, if you’re less crafty and more technical, websites such as Fiverr allow you to put up your services for free – from transcription, writing, voice-acting, and design, everything is there. However, you will usually find yourself incurring a sort of fee from these websites – they have to make their money somehow – and this can prove to be a pain in terms of profits in the long-term. However, their ease of use makes it more than worth it, and oftentimes the fee is, indeed, minimal.

Everyone has at least one marketable skill, but many individuals don’t actually end up marketing it! So, why not be the exception to the rule and take advantage of the financial opportunities an online storefront can present?

Learn to Code

In our modern world, pretty much everything is run by computers to some extent. Whether that’s your car or your fridge, a lot of things have computers in them, nowadays. And, of course, someone gets paid to make all the software that these machines run on – that’s where you come in! All you need is a decent computer, an internet connection, and lots and lots of spare time.

There are many free online courses to get you started on your path to becoming a coding guru. Interactive websites filled with practically oriented lessons, such as Codecademy, can get you started on your programming journey. Books (yes, the physical kind!) are also a very big boon and can really help to solidify your skills in the long-term.

Lastly, there’s always the “old reliable” when you’re in a rut – Google! Experience is the mother of all teachers, after all. Plenty of people online have had the same problem you have and are more than willing to share their solutions with you – it’s important to note, however, that you shouldn’t simply copy these solutions but rather learn from them and, if need be, apply them at a later date.

Programmers are in high demand – virtually every company in existence has some sort of online presence, and with the advent of social media and the impact it can have on people’s wealth, this trend will only increase over time.

Of course, this path to financial success is fraught with difficulty and not everyone succeeds. However, if you do succeed, then you will have scored the proverbial jackpot and are guaranteed to have job security for the rest of your life, assuming you keep up with whatever new programming languages might pop up in the future.

Do Online Work

A far cry from the difficulties of programming or even setting up shop online, doing paid online work allows you to secure a modest yet relatively stable long-term income. This type of online venture won’t fill your coffers; however, it will allow you to splurge on a treat or two every once in a while, or even supplement your real-life income.

There are various degrees of profitability when it comes to paid online work. The lowest rung on the ladder, so to speak, are websites that simply ask you to watch ads or fill in short surveys to redeem either real money or vouchers of some sort. Whilst these websites have work available pretty much around the clock, they nevertheless pay a very small amount of money per task done.

Their quality lies in their quantity. Nearing the top of the ladder, however, are websites such as UserTesting. These websites, whilst requiring more skill and a good grasp of the English language, are still relatively easy opportunities for making money. In essence, these websites ask you to review websites – you are led through a series of tasks and, whilst your screen recorder is on, you think out loud.

The pay is pretty good, but the work can dry up sometimes and you can even get rejected – so, whilst the reward is high, so is the risk. Finally, you can of course opt to work for any of the vast plethoras of copywriting, translation, and transcription websites available – as a freelance worker, you set your own hours and, provided you’re willing to put the time in, you can make quite a bit of cash on the side.

Nevertheless, the point still stands – there is plenty of online work available of all kinds, and if you are willing to put the time in then you can secure a relatively decent income. There are plenty of avenues out there that take advantage of any and all skills you may have. Remember: if you’re good at something, someone, somewhere, is willing to pay top dollar for it.

In conclusion, there are plenty of ways to make money, especially in today’s internet-connected world. You can choose to invest in the stock market – going at it by yourself or looking into companies that can help you along the way and make sure that you pull a good profit.

Alternatively, you can take the reins yourself and set up an online shop, making use of your talents whilst earning some money on the side. As the saying goes, do what you love, and you’ll never work another day in your life. If you want to take it a step further, you can always learn a programming language (or a few) and enter the world of software and computer science.

While this is a much more arduous endeavor, if you stick with it you are sure to make lots of money. Finally, if you want to earn money at your leisure and in quite a relaxed manner, then the many survey and freelance websites out there can satisfy your need for calm, or even supplement your other ventures.

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