Welcome to part two of our two-part series on making money online. In the first part we discussed the advantages of making money online, how to make a successful blog and why you should consider starting one. In this part we will discuss four ways you can make money online illegally.
1. Start Your Own MLM
One of the simplest ways to make money online is to start up your own multi-level marketing business. These are businesses that have been around for decades and help people develop their own networks of distributors and customers. The idea behind a multi-level marketing business is to recruit a team of people and then promote their products and services to earn a commission.
The best part? You can do this from the comfort of your home. All you need is a computer, an internet connection and a little bit of dedication. It is really as simple as setting up a spreadsheet to track your profits and making sure you adhere to any corporate guidelines your company may have.
You may want to consider starting your own multi-level marketing business, particularly if you are passionate about a particular product or niche. Just make sure you understand the legal ramifications of doing so.
2. Start An Affiliate Marketing Business
An affiliate marketing business is one that earns you a commission when someone clicks a given link or buys a product that is promoted on your website. When someone clicks a link and makes a purchase, you just earned that person a little bit of money. It’s that simple! As the name implies, you’re essentially promoting a product or service for someone else, so you don’t have to worry about shipping or storing products yourself.
When someone clicks a given link or buys a product that is promoted on your website, you just earned that person a little bit of money. It’s that simple! All you need is a computer, an internet connection, and a little bit of dedication. You can get started with affiliate marketing in a matter of minutes!
You can use various strategies to earn money with affiliate marketing, but generally you will want to promote products that you deem as being of good quality and relevant to your niche. If you are unsure of what affiliate marketing is, simply visit popular affiliate marketing websites to get a feel for how others are doing it and what tools you may need to get started. You don’t necessarily need an online store to get started with affiliate marketing, as you can create and manage your own affiliate marketing websites with WordPress or another blogging platform. This is the content marketing platform for digital nomads, hobbyists and small businesses who want to earn extra money online.
3. Start A Freelance Writing Business
If you are a skilled writer, you can take your skills and make money online as a freelancer. You will essentially be bidding on projects given to you by businesses looking for content, articles, brochures or similar materials. To get started, simply create a blog and start writing content for the web. You can use a service such as Fiverr to get your freelance writing bid proposals or simply contact businesses directly and ask them to get in touch. Not every freelance writing job will be profitable, but you can always take on multiple projects to earn extra money. Most importantly, learn to be selective. You only want to write for reputable companies that will be happy to have you work for them.
Having a blog can also significantly improve your freelancing opportunities, as most businesses will look at your work first before reaching out to a professional for help. Start by creating simple websites with WordPress using the free version, then purchase a premium WordPress plan in order to monetize website content. The more content you have, the more you will be able to charge for your services.
Aside from creating a blog, you will also want to have a portfolio of your previous work in order to get started as a freelance writer. Make sure you learn how to properly format and present your work so that it can be easily read by potential clients. Also, get yourself enrolled in a creative writing class or take a night class in marketing, sales, or journalism. With your new-found skills you can start charging for your services and creating a more lucrative freelance writing career.
4. Sign Up For An Online Brokerage Account
An online brokerage account is simply an account where you can trade securities, including stocks, bonds and other similar instruments. Many people consider online brokerage accounts to be a viable source of passive income, especially given the fact that most people don’t need to be there physically to make trades. The best part about these accounts? You can do all of the trading from the comfort of your home. You will essentially be placing orders by using what is known as an ‘order book’ or ‘paddish’ (a short hand for ‘post-order book’). You can use a service such as Robinhood, which is currently offering zero-commission stock trading, to get started with a brokerage account.
You can use various strategies to make money with an online brokerage account, but many people consider this to be a solid way to make money online, simply because it provides a passive source of income that can continue to generate money even when you are not actively trading. The more you trade, the more you will be able to earn. Some people consider this a perfect way to make money online given the fact that most people don’t need to be there physically to make trades. Plus, you can always take advantage of the increased liquidity by using stop loss orders to protect yourself from losses. It’s a pretty solid way to make extra money online if you want to try it.
You’re now ready to make some quick cash. Just remember to use the information you’ve learned to land yourself high-quality, relevant job offers. Never give away your email address or sell your personal data for money, as that is against the law. Legally speaking, you’re free to make money online, but don’t abuse the system and hurt your chances of being able to do so legitimately in the future.