10 Ways to Make Money Online You've Never Heard Of
While working from home and earning an income online has become more and more popular in the last few years, there are still some ways of making money that seem to slip under the radar.
That doesn’t mean that they don’t work or are any less legitimate – it just means that you might not have heard of them yet! In this post, we’re going to cover 10 methods of making money online that you probably haven’t heard of yet, but which can be extremely lucrative when done right!
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- Arbitrage
Arbitrage is the simultaneous purchase and sale of an asset in order to profit from a difference in the price. This strategy can be applied to stocks, currencies, commodities, or just about anything that is bought and sold. It can also work with tangible goods like clothes if you're able to buy them cheaply in one place and then sell them for a higher price elsewhere.
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- Trading
If you're new to trading, the sheer volume of information and jargon can be quite overwhelming. Luckily, we're here to help! Our beginner's guide will walk you through the basics of all you need to know so that you can start trading with confidence.
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- Cryptocurrency
Cryptocurrency is a digital currency that utilizes encryption techniques to regulate the generation of units of currency and verify the transfer of funds, operating independently from a central bank. While some crypto coins are backed by real world assets such as gold, many simply have a code that represents value. All transactions on the blockchain are public and anyone can see these records or participate in mining coins. There are many types of cryptocurrency but Bitcoin is the most popular type.
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- Paid surveys
Paid surveys are a quick and easy way to make money online, and they're usually very flexible with how many hours you can work. With paid surveys you can make up to $50 in just one hour! There are many sites that offer paid surveys like Opinion Outpost, Pinecone Research, Ipsos i-Say and Harris Poll Online. The type of survey varies from company to company so the best thing you can do is sign up for as many as possible.
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- Freelancing
Freelancing is a great way to make money online because it allows you to control your own schedule. It's also flexible enough that you can do it around a full-time job or school, as long as you have a computer and an internet connection. However, there are some drawbacks including the lack of benefits and the fact that it might be difficult for beginners who aren't tech savvy.
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- Affiliate marketing
If you don’t mind marketing other people’s products or services, there are a number of companies that offer affiliate marketing opportunities. For example, Amazon Associates is an affiliate marketing program where you can earn up to 10% on all products sold through your links.
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- Investing in penny stocks
Investing in penny stocks can be a fun way to make some extra money on the side. Penny stocks are shares of small, start-up companies that are trading for less than $5 per share. They're often risky, but if you know what you're doing, they can turn into big wins.
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- Get a part-time job on the side
If you're looking for a way to make money on the side, try getting a parttime job. There are plenty of companies that hire people for contract work, and it's a great way to bring in some extra cash without having to change your life.
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- Become a life coach
This one is a little different, but it's worth mentioning. Life coaching might not be the first thing that comes to mind when you think of making money online, but this is actually a great way if you're knowledgeable in personal development. However, because life coaching isn't something most people know much about, you'll need to do some research into becoming a certified coach.
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- Open your own business
With the advent of Amazon, eBay, and other online marketplaces, there are now more ways than ever to make money without having your own product or service.
The easiest way is by selling someone else's products on one of these marketplaces.
So if you have a knack for finding deals online, then you can buy items at a lower price and sell them for an inflated price on Amazon or eBay.
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