If you ever wonder what the true meaning of investment means, here is an explanation. According to the wikipedia, the word investment actually implies to allocate resources(time, money etc.) in exchange for a future return.
But in this case, we are concerned about the financial definition. Investors in particular look out for a return or a profit as in the form of a dividend(derived from stocks), interests(derived from banks)or a rental income.
Apart from working on a regular job(some of us may think that it is dreadful as we have to work for long hours), more people have in fact tried to look out for alternative sources of incomes. That includes earning a passive income or even financial investments to seek for better future.
Typically, a tutor can possibly earn 5k per month depending on their contents of their lessons.
5. Invest in stocks . Stocks can be profitable only if you trade in the correct way. Here are some tips in helping one to become a better trader.
But in this case, we are concerned about the financial definition. Investors in particular look out for a return or a profit as in the form of a dividend(derived from stocks), interests(derived from banks)or a rental income.
Apart from working on a regular job(some of us may think that it is dreadful as we have to work for long hours), more people have in fact tried to look out for alternative sources of incomes. That includes earning a passive income or even financial investments to seek for better future.
1. Set up a website or blog. This would be most suitable for those who enjoy writing to express their views. With a good traffic (a flow of visitors to your site), then you can consider monetizing it or even sell your website domain.It is known for some people who can earn up to 10k plus by selling off their website provided that their traffic is in good state. To achieve this, you have to learn the right techniques of the Search engine optimization (SEO),know how to create a good content to target the intended audience.
There are a few online courses that teaches you on how to grasp the skill. - Of which, I would recommend The Wealthy Affiliate .You can the article from this link to find out more.
Alternatively, you can purchase the featured e-book (as shown below) to learn the techniques.
So after acquiring the knowledge, you can start by working on your niche. After creating your websites, it is usually preferred to share it on the various social media(like Facebook, Instagram, Twitter, LinkedIn, Pinterest). Social media would play a big role in drawing your customers and help in the rankings on the Google page.Lastly, if your content is really interesting to the readers, you may gain more and more traffic to your site over time.
2. Start earning by becoming an affiliate marketer. Point 2 is actually closely linked to Point 1 in terms of traffic and creating a good content.Usually, bloggers would provide affiliate links to their website/social media that lead visitors to products sold by online retailers(Amazon, E-bay, Alibaba etc.) to earn a small commission(usually around 3%-10%) each time a visitor clicks on your link and makes a purchase. There are many online business retailers that offer affiliate programs; look for those that offer the best commissions.
- For more, see how to start an affiliate marketing business.
3. Create a Youtube video/Monetise your blogs with Google Adsense. Youtubers would often earn their income via Google Adsense. We have currently one of the best Youtube Channel, PewDiePie which is owned by Felix Kjellberg. He has a total net worth of over 50 million dollars. However, as in 2017, he has made an anti-Semetic remark that causes major advertisers like Disney to withdraw ads from his videos.
- This has conveyed the message clearly that for one to do well in Youtube, one has to be acting clean in ordered to be rewarded well.
- Google Adsense has their own set of strict policies that can permanently ban any publisher's account for life in anytime. Usually, they would impose 30 day suspension or worse, disable one's account for lifetime. The common mistake that those affected publishers had made is the invalid activity/self clicking that they had clicked on their own ads/ get people to click their ads, which is highly prohibited. What Adsense really looking out for is genuine user's interaction with the Ads. It is rather hard for one to try to fool Google as they have highly sophisticated bots to keep track on the users' mouse pointers.
4. Conduct live coaching/educate people with your skills.
There are numerous platforms where you can tap on your skills/knowledge to conduct live trainings online. They are for instance udemy.com . Usually, the tutor would be paid half of the total revenue generated via paypal. Here is the breakdown list of the various other payments if you decide to join udemy.com
Typically, a tutor can possibly earn 5k per month depending on their contents of their lessons.
5. Invest in stocks . Stocks can be profitable only if you trade in the correct way. Here are some tips in helping one to become a better trader.
- Use your spare money to invest. This is to prevent any loss in times when you are in need of money and it requires you to sell the stock at a lower price immediately.
- Invest in stocks that you are familiar with. It is essential to know how the company function, the business model so as to select the "best" stock which you believe the company can still manage their business well in the future and even in times of a bad economy.
- Don't panic or rejuvenate at the plummeting or skyrocketing prices of a stock. This is one of the Warren Buffet's most important attitude that he has when he is investing. This is to make sure that he is still level-headed and to avoid major mistakes caused by psychological factors.
To learn more about stocks trading, you can consider purchasing the featured e-book which I highly recommend.
*****On a side note, please avoid binary options at all costs. It is not a real form of investing and there are lots of scams in the industry. Besides, one has to be careful when they decide to invest in all other investment platforms not just binary options. One of the main concern that every trader should have is whether they can withdraw their funds out.
Off course, the list of earning money goes on, one could rent out their house for rental income or to sign up with Airnb to host guests to earn some money. But it wraps up the 5 main ways of earning money on top of the ordinary salary that one gets.
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