In life, you must never give up, even when things are not going well, in this article, I will show you how to make money online legitly. The brilliant idea, the one that can make your life turn around, will not come if you wait for it while standing still. It is only through practice, exercise, and mistakes that you get to do something before and better than others. Only in this way can you make money and achieve success.
If you are looking for a method on how to make money online, in this article I have decided to tell you about 4 ways to go about it. These are some concrete strategies of the business, online and offline, which can be the beginning of the turning point for you.
What I want to tell you is that the richest men in the world have not achieved success through their work. Making money means not trading your time for money, but rather investing your money in systems that can multiply it.
It can be about creating a successful website, starting a business, or being an established professional in your industry. You have to enter the perspective of creating a business, responding to a need for a niche. In short, you have to dare, you have to have a mix between courage and luck. Only in this way will you be able to follow the path of success.
In my business consultant business over the years I have seen many entrepreneurs, or aspiring ones, fail. Someone had a great idea, but he wasn’t a good entrepreneur. Some others had bad ideas, but thanks to the courage and desire to do, they were able to make up for the initial shortcomings. In short, what I want to tell you is that you will never find the ideal mix for success in a short time. It takes self-denial and a lot of stubbornness, and this is achieved only by failing.
1. Make money on the internet legally by selling used items
If you want to make money on the Internet legally and are content with earning small amounts of money, you can consider various opportunities, including selling used items on online classifieds sites like jiji.ng, writing articles, and participating in surveys.
Let’s analyze all these opportunities in detail.
- Selling handmade or used items online: If you don’t have any professional ambitions and just want to make some money online, you can sell used items (such as books, games, mobile phones, etc.) on one of the many ad or auction services available online: here are some that might be right for you. jiji.ng, Olist.ng, Now, Kijiji and Shpock – these are some of the most popular online classifieds portals. All these site allow you to sell items by publishing advertisements for free but, if you want, you can promote your ads to increase their visibility by paying.
- Etsy – if you are good at creating handmade products/objects, you can try to “place” them on this platform, which has become a real point of reference for the purchase and sale of small handicrafts. Opening a shop on Etsy is free: however, you must pay a flat fee of € 0.17 (₦83.30) for each advert published, plus a commission on the final value of 5% (excluding shipping costs), if the sale goes successful, to which you must also add a commission of 4% + €0.30 (₦147.01) for the management of the payment.
- eBay – the very famous online auction platform that is one of the best solutions to sell used items. It allows you to publish ads for free but, when sales are successful, you have to pay a 10% commission on the final sale (excluding shipping costs).
- Autoscout24 – if you need to sell your car or your motorbike, you can turn to this very famous portal for the sale of used vehicles. Autoscout24 does not provide for the payment of fixed costs, nor commissions on published advertisements.
2. Writing articles for websites
Would you like to turn your writing hobby into a business opportunity?
You can do this by subscribing to an editorial content marketplace: that is one of those sites that allow you to write articles on commission, thanks to which you can more easily sell articles, guides, tutorials, video transcripts, and other written content.
One of the most popular marketplaces you can turn to for this purpose is MelaScrivi, an online platform that has been a meeting point between companies and freelance authors for several years now. Since registration with Melascrivi is free and since it is possible to write articles for many topics, I will recommend you try it out to make money from the comfort of your home by exploiting your passion for writing.
As for the earnings for each article, Melascrivi allows you to earn based on the quality of the written contents, their length, and the experience accumulated over time. It starts at ₦3.92 per word for those who start with the 1-star level of quality/experience and goes up to ₦735.14 per word for those who reach the 4-star level. To this must be added the commission of ₦343.03 for each item requested. Payments are then made when the minimum threshold of 25 euros(₦12,254.33 ) is reached and are disbursed via PayPal.
3. Make money with Facebook or Twitter
The main social networks are realities that are increasingly difficult to ignore, in any field. Facebook has 500 million users worldwide, and Twitter is at 30 million (but the figure is growing rapidly). With such audiences, how can we not think about doing business?
The idea is genuine, but it must be practiced with caution. Because on Facebook and Twitter the social aspect is still effective and the commercial one is seen almost with annoyance. In promoting yourself and your products you risk making an own goal. So yes to using it as a support, no to considering it a business space in itself.
4. Make money online by developing applications
Technology is one of the best methods to earn. The concept that I want you to use is simple: it is possible to earn from the applications that millions of people have on their smartphones.
If you think about it today, just a click on one of the many apps that deal with finding a craftsman is enough, or to bring the food from the pizzeria directly to the front door like Jumia Food.
Creating a platform that can make life easier for the people who use it can be very profitable. But not just about personal services, but also about online gaming. Today many games are developed through applications.
To proceed with this type of business, it is essential to know, or at least have a minimum smattering of programming languages used to create apps and games for Android or IOS.
Typically, in my consulting business, I have seen many app creators succeed. Many of them have sold their creations to multinational IT companies, or have decided to move to the US to find financiers or to better develop their business. They are, more than anything else, computer engineers or in any case people who know programming languages. However, I don’t want to limit this business to just these individuals.
If you have a good idea to develop, you can find a partner who can support you in creating the app, setting up a company. From a financial point of view, what you need to know is that you must necessarily work as a company by opening a VAT position.
5. Make money building a websites
Another business method to make money is related to the creation of a website. Today, on the internet, there are many portals, from information to in-depth analysis, from intermediation to showcase sites for professionals or entrepreneurs.
Creating a website is not an easy choice. In recent years, many online portals have leveled up and competition on the web is very strong. The biggest players in the sector have acquired the SERP(Search Engine Render Page) and for this reason, the competition is rising daily. However, I want to point this way to you to tell you that you don’t have to think big to be successful, but rather small.
Many entrepreneurs who launch into this sector want to create very large portals, but they face very strong competition. For this reason, many projects have been left unfinished or failed. However, if you have an idea, you can make up for the lack of investment. What I mean is that if you think about satisfying a need, not a general one, but a niche you can still be successful.
A website doesn’t necessarily need millions of views to be successful. Business forms can be many. I want to give you some practical examples.
Editorial website: It is possible to create a website with editorial content. This can be, for example, scientific, medical, encyclopedic information, etc. Through the website, you can develop several different business models. Think of the case of Salvatore Aranzulla who created an empire through a website that aims to “how to”.
In recent years, the site has helped many people to make better use of the internet and technological tools. Its business model is essentially based on the sale of advertising space. A classic method for those who decide to open a website. However, there may also be alternatives.
6. Advertising banners
one of the main ways to monetize the contents of sites and blogs is to use banner ads. In this case, the revenues will come from the number of unique visitors that will go to your website. The higher the number of visitors, the greater the revenues.
To place banners on your website, you can rely on services such as Google AdSense. Otherwise, there are lots of companies offering alternative services.
7. Affiliate marketing services
It is also possible to make money on the Internet by participating in affiliate marketing programs. What is it about? I’ll explain it to you right away.
8. Make money on Youtube
Have you uploaded videos to YouTube with some success and are you planning to start earning from this business by joining the web platform Partner program?
It is good that you know, first of all, that making money with YouTube is not at all easy. It takes a large number of subscribers and views to obtain a minimum income from advertising companies: it may be easier, however, to earn through the personal promotion that YouTube allows, thanks to its huge audience.
You must also consider that, to earn with the YouTube Partner Program, you must not have committed violations relating to copyright or the internal regulations of the platform. Furthermore, everything you earn will have to be declared to the tax authorities and taxed, and you will be required to open the VAT number even if your income is very low.
The earnings for the YouTube vlog that join the Partner program derive mainly from advertising. This implies that they cannot be considered as occasional income, but are considered by Italian law as commercial income. It is true that some country laws do not specifically regulate how income from advertising on YouTube must be taxed but, also considering that the videos are present on the platform 365 days a year, qualifying them as other income deriving from exclusive work is not possible
9. Make money with E-commerce
Making money with an online store, or rather with an E-commerce business, is not easy. There are great opportunities in this sector, but there is huge competition, which comes not only from Nigeria but from all the countries in the world.
So you have to focus on quality, on a particular idea, on product customization. Creating something unique, which cannot be bought anywhere else, or selling something useful and original can be a good starting point, but it’s not enough. We cannot ignore the care of the website, the positioning on Google, the presence in social networks. Offering not only products, but also content, will certainly serve to qualify you as an expert in the field, but you will need to get help from professionals, as regards the technical and IT aspects.
If you can want to export your products, it is essential to contact an export expert, who will advise you whether to contact a courier or a forwarding agent, depending on the products traded.
If you don’t feel like opening your online store, you can also open it within a platform, such as Jumia, Kong, Eba, Etsy, or Amazon: this will give you greater visibility but will involve higher costs.
In any case, you must know that the opening of an online store, or the carrying out of any e-commerce activity, entails, from a tax and social security point of view, the same responsibilities necessary to open a store.
10. How to make money: selling information products
An info product consists of training contents (audio, video, texts…) that solve a customer problem. For example a video-course on the use of Photoshop, a training method for sculpted abs, a recipe book.
Of all the types of info products, the ebook is probably the best place to start. And not only.
Why do I think the ebook is the best way to start monetizing with your products? Here are the main reasons.
An info product does not necessarily have to be an ebook. It can also be an audio or video course.
As you can guess, the ebook is the easiest option, both from a technical and ” personal ” point of view.
Even in the case of audio and video, the situation has improved in recent years. However, to create multimedia content you need more software, more equipment, and generally paid tools. Often the free ones are very difficult to use or do not have all the necessary features.
11. Invest and make money with forex trading
The Forex market, or foreign exchange market, is the largest and most traded financial market in the world. The forex market has a daily trading volume of over $5 trillion per day.
Historically, the main investors in the foreign exchange market were only large central banks, multinationals, and financial institutions. Even though these organizations are still the main investors in the forex markets, thanks to the rapid growth of brokers and online technology now even the common investor can invest in the market and trade just like large institutions.
Forex Trading is the currency market, that is, you invest in a currency and then resell it when you have obtained a profit due to changes in the value.
Let’s take a small example of how a Forex Trading transaction works:
Suppose you invest in the Euro / Dollar (Eur / USD) currency pair; hypothetically we buy a value of 1,000 euro and we will resell them in dollars whenever the price get higher;
let’s assume that the exchange rate is 1.30;
with the possible value of 1000 we will buy $ 1,300;
let’s say this currency arrives at 1.40; having invested €1000 at 1.30 ($ 1300) if we go to resell we will have a profit equal to 0.10 of the amount invested because we would get $ 1400, $100 of actual profit.
12. Make money online with cryptocurrencies
Start earning by working from home and making money with cryptocurrencies. Trading with cryptocurrencies in 2017 recorded growth of more than 200% compared to other types of trading.
What are cryptocurrencies: Cryptocurrencies are decentralized virtual coins, ie devoid of the regulatory entity as a central bank. They can be understood both as a means of payment and as a negotiable instrument through online trading. As the name recalls, they rely on cryptography to ensure the security of transactions and to prevent scams. These digital currencies are encrypted behind a code; holders keep the numerical series on an e-mail address which is used to make or receive payments.
13. Make money online by buying stocks
There is a lot of talk about it on the web, even our readers have sent us many questions about how to buy stocks online, which is nothing more than investing in stocks through online trading or specifically through CFD trading.
But in this sector, we must always be careful and for this, we want to find out with you which are the organized and safe brokers already used by millions of traders all over the world.
On the internet, you can find many opinions and reviews on the many brokers that populate the network, both positive and negative, there is not much news regarding their regulation. Choosing the right broker requires wisdom, patience, and being advised by experts.
While many traders are thrilled when it comes to stock trading, keep in mind that this is not the way to get rich in the short term. Online trading whether it is on stocks, commodities, or currency pairs ( Forex ) is a real job, it takes a lot of practice, study, free time, and dedication.
The use of tools such as oscillators and charts will be very useful and do not underestimate the emotional and psychological aspects of the trader.
How to make money online: conclusions
In this article, I have tried to provide you with all the information at my disposal, but above all the result of my professional experience to make money online. As you have surely seen online there are many guides on this topic.
Of course, I realize that through this guide it is not possible to immediately choose which is the best business model for you to make money online. However, I am available to arrange a consultation with you to dispel your doubts and, if necessary, to support you in the growth of your business.
Follow this link to get in touch with us, and receive a quote for personalized advice to help you identify how to best develop your business.