1.Reinvest Your Profits: When you first make money in the stock market, you may be tempted to spend it. Don’t. Instead, reinvest the profits. Warren Buffett learned this early on. In high school, he and a pal bought a pinball machine to put in a barbershop. With the money they earned, they bought more machines until they had eight in different shops. When the friends sold the venture, Warren Buffett used the proceeds to buy stocks and to start another small business. By age 26, he’d amassed $174,000 — or $1.4 million in today’s money. Even a small sum can turn into great wealth.
Alibaba is a Chinese eCommerce store that matches Chinese suppliers with buyers all over the world. Prices are extremely cheap, providing the possibility of large profits. However, with the potential profits comes more risk. As you are dealing with suppliers in China, if the quality of the product that arrives isn’t up to standard there is little that you can do about it.
They often expect you to commit to working a certain number of hours per week, which is generally part-time. They will pay you an hourly salary for that work, so it is really more of an at home job situation than it is in an entrepreneurial way to make money online. Still, if you want to get involved in political activity, and you have the time and motivation, this could be a way to monetize that passion.
3. Change your friends-: There’s a popular saying “show me your friends and I will tell you who you are. This is very true. If the type of people you hang out with are those whose priorities are screwed you; people who are only concerned with youthful things like cars, money, sex and music; that’s probably how you are going to end up. You have to surround yourself with people who have the same dreams and aspirations as you or at least desire something similar.
If you’ve hung around my blog for any length of time, you’ve probably seen me mention the Elite Blog Academy, the flagship program from my blogging mentor, Ruth Soukup. Ruth started a blog back in 2010. She says she started it to hold herself accountable when she was trying to get her spending under control, but ultimately the blog turned into much more than an accountability measure. She ended up developing a wildly successful planner, writing a book, becoming a speaker, and ultimately, becoming one of the premier blogging experts out there.
Who doesn’t want to earn more money? Whether it’s through part-time jobs or freelance work, adding more dollars to your cash flow every month is always nice. But unfortunately, not everyone has the time to pick up another job or do additional work on the side. If that’s the case for you, don’t give up. Instead, turn to the one thing you probably spend a majority of your time on: the internet.
Some states collect a deposit on every can that is sold at a store within its borders. If you live in one of these states, you can collect cans and take them in to receive the deposit, which is usually around five cents per can. Even if your state does not take deposits, the scrap value of aluminum can make a trash bag full of cans worth $10+. Scrap metal can sell for upwards of $200 a ton depending on where in the country you are located, giving you the chance to make some serious money by cleaning up dirty areas.
These schemes rarely work since the material sent to victims is frequently just basic or intermediate marketing material that is neither secret nor a guarantee to making a lot of money online. Often, the initial materials include heavy promotion of expensive seminars or classes, with the implication that not purchasing these items means the reader is not "serious" or "ready to make money". Sometimes buying the materials subscribes the purchaser to a newsletter (or other communication) whose cost is automatically deducted from the bank account used to make the purchase each month; typically this condition is buried in the fine print, and cancelling the subscription is extremely difficult.
Popular YouTube videos can bring in tens of thousands of dollars in a very short amount of time if they go viral. These videos might be shot with a phone camera and may not even be a minute long, but they provide entertainment value that has rarely been seen elsewhere. Anyone with a YouTube account can sign up for the YouTube Partner Network allowing them to monetize videos.
So, where are we supposed to turn to make money the legitimate way online? This isn't just about generating passive income; this is also about finding ways and means to create an active income through the conveniences afforded to us by the internet that will not only help us with our debt obligations, but also empower us to save, invest and get really rich in the future.
Not only will this multiply the money you’re bringing in in a serious way, but it protects you against any sudden changes in the market or in your business. Remember that old saying about putting all your eggs in one basket? A few hours a week committed to just one or two of the following opportunities will put you in a much stronger position to be financially safe and independent.
27. Sponsored/paid posts – Many blogs publish sponsored and paid posts. Sponsored posts are basically just posts about a specific brand, product or service. A company will pay you to publish an article about it. It’s similar with other paid posts as well. Your basically selling the spot for the article on your site. If you decide to take this route, you’ll want to build your traffic before you will get many offers.
A popular tactic to make money on social media is to pay for advertising affiliate products. Create ads for particular affiliate products that are big sellers and have a high yield. Then target these ads at specific custom audiences to ensure your ads are viewed by those who will have an interest in the product you are promoting. If viewers click through your from advert to the product page and make a purchase then you will earn an affiliate fee.
If you’re looking for inspiration, my friend Michelle Schroeder-Gardner of the website Making Sense of Sense has become the expert on all things affiliate marketing. Michelle earns more than $100,000 per month from her blog and the bulk of her income comes from affiliate sales. Michelle has had so much success with affiliate marketing that she even has her own course called Making Sense of Affiliate Marketing.