Most people around the world would love to supplement their income with additional funds. Extra income can make your life, and the life of your family, much easier. Especially at the moment, with many people out of work due to coronavirus. People are looking for extra income like never before. The truth is…there’s a lot of money to be made online and making it doesn’t have to be that hard. People look for easy money. Instead, if you apply yourself and learn something new, you can start making the money. Here are some areas in which you can make money. They can give you a flavour of what’s out there and get those cogs turning.
Day Trading Online
Day trading comprises the selling of stock, futures, forex, or cryptocurrency online. “Day Trading”, is the term used to describe someone who will buy and sell looking to make a profit within the same day, instead of holding longer term. There are many people purchasing Bitcoin on various exchanges looking for profit. There are also multiple platforms from which to trade any of the above, such as ninjatrader or plus500. The trick here is to study hard and learn how to trade before you get started. Start off with a dummy account and put what you’ve learnt into practice. People who rush in without thinking things through will end up losing money.
Got A Creative Streak? Sell Creations Online
There are many people out there who are super creative. Whether this is in metal work, creating little gifts, painting portraits or building bird houses. You can sell the products of your hobby online. Package them up into purchasable products and sell them on places like Etsy, Amazon, or eBay. It isn’t too much of an investment in time because you’re already making the products via your hobby. The issue might be in getting people to view your product pages, which might require a little bit of investment. It’s a great way to make a little bit of money on the side. Remember, you’ll have to pay for the materials and to ship the product to the customer, so make sure that you factor these costs into your pricing strategy.
Set Yourself Up On A Freelance Platform
If you feel like you’ve got a skill or something to offer, you can do so via an established platform like Upwork or Fiverr. You can offer writing service, coding, software development, business analytics, you name it and there’s probably someone offering it on a freelance platform. You have to treat it like a business and it can be pretty lucrative. You may have to undersell your services in the first instance to ensure people use you, but once you’ve started garnering some reviews from your work you can adjust your price points accordingly. Remember, you don’t only have to base off of one platform. You can use different ones. It also gives you direct control over your work streams. If it gets too much, you can cut down a little bit.