In today’s world of modern technology, there is an increasing number of ways to make money online – meaning you can work from the comfort of your own home, or anywhere in the world you choose.
The benefits of working home are substantial, for one, you can spend more time with your family or if we flip that on its head, you can make an income from home whilst looking after your family which you might not otherwise be able to do as a result of childcare responsibilities.
A further benefit is that you spend much less money when working from home, than when you are having to commute to a job. The reason for this, is that commuting tends to cost quite a lot of money, which doesn’t tend to be paid for by the company you work for – and as it is at peak times, it really is quite expensive; whereas, when working from home your commute is simply from your bedroom to your home office or kitchen table.
Also, when working from home, there are other cost-saving aspects such as not having to buy expensive lunches, breakfasts or coffees.
The major benefit, however, is that of convenience and flexibility – in that, when making money online you can do this on your terms and around your lifestyle. Here are three ways to make money online that are popular and lucrative today:
- ONLINE TRADING
You can trade in a variety of things from foreign currency (see FX-List), cryptocurrency, or the more traditional stock market. Of course, there’s no guarantee you will always make money when trading online – as you could just as easily lose money, but with a solid strategy and a bit of luck many people find they can fund a decent lifestyle from trading online.
- CREATE A BLOG
The benefit of creating a blog is that you are developing a digital asset that can be leveraged; for instance, if you have 5,000 visitors a month to your site, you can generate a decent amount of advertising revenue – or you could create an information product that some of your readers might be interested in paying money for.
- SELL ITEMS
There are many items you can sell online, from the traditional eBay sites to the more creatively focused niche sites such as Etsy which promotes handmade items from all over the world – connecting craftspeople with curious consumers looking for something special.
Of course, there are many other ways to make money online, from sideline ideas to full on virtual businesses; but these three ideas highlight three core principles. You can either leverage your existing resources in the form of investing your money in the hope it will appreciate; you can build an asset such as a blog or an online course, or you can sell items – either those that you create yourself or items you buy and sell as a trader. Indeed, some people make good living buying items on eBay then relisting them with a better description and photos.