There are several ways to make money in today’s society, thanks to the advent of the internet, you can do the same from the comfort of your home. The problem though is most beginners do not know any legitimate means to make money online. An internet search gives you many unnecessary information about the topic, thereby leaving beginners confused about what next step to take or which path to choose among the many options available to them. This article; 4 realistic ways to make money online for beginners would give you a step by step guide which would move you away from just searching to actually making money online from the comfort of your home.
Money is a medium of exchange for goods and services, thus a very important element in society. You need money to do almost anything in this world. Most people work 9-5 each day to make money, while others run a business or engage in one form of service or another to make money. Only a few of the world’s population actually make money online from the comfort of their homes.
Money is very important, but how do you make money when there is a global pandemic such as the coronavirus and you are in a lockdown imposed by city authorities. Or like me, you enjoy the comfort of making money with a computer and internet connection without having to leave the comfort of your home.
Despite the advent of the internet and the popularity of smartphones and computers, most jobs still require your physical presence. Some companies who could transition to online work are equally adamant of its advantages, thus leaving their employees no choice than to travel to work through stress and traffic to do their jobs.
However, things are changing. Many people and companies are shifting their products and services online. The good news is that you can take advantage of this shift in services and make some considerable amount of money from the comfort of your home. That’s not all, you could equally spend much quality time, have less stress and live a good quality life while making money online and enjoying the benefits of technology.
Advantages of making money online
Less Start-Up Cost
Have you ever attempted to start a brick and mortar business? In the real world, it cost lots of money to even start. Even the smallest requires you to rent a space, decorate the office and employ at least 1 employee. Add that to some legal and license cost and your startup cost shoots over the roof or your dream could be put on hold forever due to lack of funding
Making money online is different, it doesn’t involve the complex set up of brick and mortar business and can be done with little or no money involved at all. In fact, you can start with the tools you already have. A phone or laptop with an internet connection is often enough to get you started and land your first profits. To make money online, your only limitation is you, how much you can learn and how quickly you can apply the things you have learnt in an efficient manner.
It gives you the freedom to grow
The thing about life is that it is but a passing wind before you realize you are old with what, your dying dreams. The dreams to go on a vacation, to spend more time with your family, or to get closer to your God becomes a second place to your brick and mortar job with bosses all over you. Hefty demands and often with meager salaries.
When you make the shift to make money online, you get the freedom to grow in whatever direction you choose. You have the time to take good care of your family, your pet, or even grow spiritually while equally growing your business and earning substantial returns online. You do not have to sacrifice your family for career goals.
Make Money While You Sleep
You must have heard the old saying “Learn to make money while you sleep, or you would work your entire life” The entire system seems rigged against you once you get in a job. You are paid enough to stay on the job and yet not enough for you to quit. They keep you hooked up so you work 9-5 your entire life on a job you probably hate while other aspects of your life suffer.
Once you begin to make money online, you can automate the process to work with little or no input from you. This helps you make money regardless of sleep, vacation, ill-health, global health pandemics such as coronavirus or even city or state-wide lockdown/quarantine. Thus increasing your earning potential.
While in the past you must have earned for only the 8 hours of work you did, with online money making, you can make money 24 hours a day, 365 days a year.
Earning in a Superior Currency
A simple google search would show you that the majority of people searching for opportunities to make money are from third world countries such as Ghana, Nigeria, and South Africa.
Fortunately, most online money-making opportunities pay in dollars. Earning in dollars while spending in Naira or Ghana cedis etc offers remarkable advantages and provides you with an opportunity to live a comfortable life with less stress about money.
Realistic online money-making opportunities
There are several ways to make money online, but not all are suitable and easy to do. There are websites that would give you up to 100 online money-making opportunities, but most of these are trash or ill-researched, some are just regurgitated pieces of information with no real value to the user. We have broken down the opportunities that exist to make money online and together with our experience, we have decided on the top 4 realistic ways to make money online for beginners.
Online Forex Trading
Forex Trading provides you the opportunity to make money online by buying and selling currencies. This unique opportunity takes lots of hard work to attain profitability, but we can not deny the fact that it is one of the most profitable means to make money online.
At Dorla our primary business is the trading of Forex, we have done this for over a decade. We trade for ourselves as well as our partners across the globe. It is no surprise that we consider it the number one and most profitable means to make money online.
The volume of transactions on the Forex market on any given day dwarfs the entire GDP (measured in years) of the United Kingdom. This gives you a sense of how huge the Forex Market really is and the opportunities that exist for you.
In 2019, the global foreign exchange (forex) market saw an average daily turnover of approximately 5.1 trillion U.S. dollars. This means that on an average day in 2019, the sum of all transactions in the forex market amounted to almost 6.6 trillion U.S. dollars.
While the Forex market provides some of the best online money-making opportunities, It is also the most difficult to venture into and takes lots of practice and patience to master the techniques required to stay consistently profitable. We provide some of the best Forex Mentorships and Forex Signals in the industry that you can use speed up your way to profitability if you choose this method to make money online from the comfort of your home.
The forex market operates world wide, which means, no matter your location, with your computer and internet connection, you can benefit from this multi-trillion dollar business and compete with the big market players of the world.
Writing is probably one of the least things you expected from a blog like ours, but it is actually one of the means we generate revenues and so can you. If you are reading this right now, you have all the tools you need to begin writing as a career and make money from it.
The opportunities that exist for a writer, are enormous. You can start with simple everyday things you are already familiar with and post on platforms such as medium, or bundle your ideas into an Ebook and sell on a platform such as kindle, these two above cost you zero money to begin with and pay really well. There are people making several thousands of dollars just by joining medium and writing articles of things they know best. Of the two, Ebooks and Medium? Medium is by far the easiest to start with.
Here is someone making over $6,000 online by writing on medium on the simple things in life. You don’t need to be an expert to begin but you need to begin to become an expert. The only way to become a good writer is to start writing. Experts agree that there is no substitute for practice. Start today, choose a topic you are familiar with and start writing on medium, with time you would build enough followers and make a living out of it. Be sure your articles are of good quality and interesting to your audience.
Ebooks require that you put your thought processes in a nice format, after writing and editing, you can publish yourself in platforms such as kindle to make money. Gone are the days you need to find an expensive publisher before your books can be published, today anyone in the world can self publish on these amazing platform and earn profits from them. With Self publishing, the public becomes the judge as to your success or failure. If your writing is good enough, your readers would increase and so would your earnings. One strategy to use when self-publishing on kindle is to make your first few books free, to build followership for your major books.
The thing with Ebooks, Medium, etc is that after the initial work, once you gain traction, the money never stops coming in and you can expect your pay each month once you reach the payout threshold.
Affiliate networking is one of the easiest to set up when attempting to make money online. The business of an affiliate is to direct customers to a business. The business then pays you a commission if a purchase is made by your customer. This means as the name suggests, you need to have a network to which you can provide affiliate services.
Below is an affiliate banner link to our favorite and recommended broker.
Since we are a forex trading business, most of our readers expect things forex related and take our word for it. Thus it is no surprise that we make lots of money from the links, why? we have built an authority on the subject.
Building the affiliate network seems to be the hardest part of affiliate networking but once you have done that, it is very easy to continue to make money from it forever. Remember, with authority comes trust and once you lose the trust of your audience, your business could be over.
Ways to build affiliate network online
- Create a website to build a community and gather a following; We could have added this to the writing bit but we decided not to because of the amount of work involved in running a website. Maintenance of the server and learning search engine optimization are all very important elements that when missed could render your investment in hosting a website pretty useless. However, if done right, having your own website could be one of the most profitable ways of making money online through revenue mobilization through adverts and sponsored posting, etc. At Dorla, we always recommend one of the best forex brokers in the world through our website.
- Social Media; Build a following on social media such as Facebook, Instagram, Twitter, etc who value your opinion. The secret here is to create something that people actually like and post affiliate links to items that relate to your brand.
- Medium; You see those medium articles you have been writing? Good news, medium allows you to post affiliate links in your articles such that when users read your articles they can click on them. The trick again is to post links that relate to your topic or brand.
- Ebooks; When you write on Kindle and adopt a very good strategy, people would want more of your work to read, this gives you an opportunity to put a few affiliate links in your books for your followers. Ensure that these affiliate links are seemingly integrated and thus do not distort your entire ebook into junk.
Pretty much everyone on earth must have heard of youtube if you haven’t, Youtube is a video sharing platform. It is on record that youtube is the world’s second best search engine. Millions of people are searching for information each day on the video sharing platform. This provides unique opportunities for you. People are looking for information, if you can provide them with the information they want, you make money out of it.
There are several people making millions of dollars each month on youtube,if you have a gmail account, you by default have a youtube account already. What you need to do is get yourself a good camera, and shoot videos about topics you are interested in, and start uploading to youtube. Gradually you would gain traction and make money from your videos.
Remember those affiliate links we spoke about earlier? You could equally add them to your video descriptions on youtube and make money from it as well.
Here is a video of Patricia who made over a million dollars on youtube and she is not even the highest youtube video creator.
Okay Mathew, so what about twitch? Twitch is a video streaming website primarily for gamers around the world. Yes, you get paid streaming the games you are playing on twitch. Head over to twitch, get registered and start streaming your video games to global audiences and with time, you would build enough followers to make a living out of playing video games and streaming it online.
You have read all top 4 realistic ways of making money online for beginners, this is an opportunity for you to do something, pick one that interest you, head over to the appropriate network and start doing something for yourself. We are interested in knowing how you progress from here.
Let us know your thoughts on your preferred route, or progress or any challenges you might be facing in the comments section. If you are looking to invest in our forex trading business, do not hesitate to join us as a partner and earn dividends from us.