TOP 5 ONLINE MONEY MAKING BUSINESSES

We are all aware of how technology has brought huge change of the way things are done I this 21st century (the technological era) and in every situation, there is a good side and a bad side. Due to the technological advancement the world is experiencing, most people have lost their jobs as a result of the invention of tech machines to replace manpower. “Robots are coming.” “There are no secure jobs.” “There’s an end to how we work. “These fears about automation and the impact of technology on jobs continue to grow, as innovations can change the job landscape. Even if millions of new technologies can lose jobs, millions of jobs will also be created (whether there will be enough new jobs is still unclear). Technology is changing the way we work, but questions about the jobs that are lost and won — and how those changes impact — matter if people have the opportunity to shift from yesterday ‘s work to tomorrow’s job.

On the other hand, technology has created a lot of job opportunities and there are lot more job opportunities to come. And as a result, most people are making huge sums of money online. Knowledge they say is power. Whiles other’s are making huge sums of money online, other people also believe that “online business is a scam” but the truth is, the category of these people do not research on the kind of business they want to enter into but they rather click on anything they see on the web that tells them that ‘they will make a hopping sum of money just by either clicking on a link or  doing something else very easy but at the end, they get disappointed because the expectation was not met and due to that, they make a general conclusion that “there is nothing like making money online” but that isn’t true.

This article looks at the top 5 and legit ways to earn money online;

1. Network Marketing.

Network Marketing is a business model that relies on the sales of independent representatives from person to person, often working from home. A networking enterprise may require you to develop a network of company partners or salespeople to help lead and close sales. Many legitimate marketing network operations exist, but some have been criticized as pyramid schemes. The second may concentrate less on selling to consumers than on recruiting salesmen, who can have to pay for costly startup kits in advance.

How it works.

Network marketing is known by a number of names, such as multi-level marketing, cellular marketing, affiliate marketing, direct-consumer marketing, reference marketing or domestic company franchising.

Salespersons are also encouraged to employ own networks of salespersons by organizations adopting a network marketing model. The creators of a new tier receive commissions on the sales of the people in the tier they have created (the down line). They are also responsible for selling their own products. In time, a new level will sprout another level that gives the individual in the top and middle levels greater commission.

A good concept is that one-tier networks marketing practices tend to be more reliable than multinational channels where individuals make money based on the amount of distributors that they hire, according to the Federal Trade Commission (FCC).

Max International, Longrich, Herbal life are credible examples of one-tier network marketing operations. There are others as well. You can do a deeper research on them to find out which one is best for you.

if you are considering of joining a network marketing organization, perform your research before deciding. Take the following questions into account:

Is it an opportunity to make money through the selling or recruitment of products?

What is the past of the founders of the company?

Are you happy with the goods personally?

Were people you know about the goods of enthusiasm?

Can the company be successfully promoted?

Are you planning a fairly quick road to benefit or long waters?

2. Freelancing

Freelancing is a contract-based career in which the individual uses his or her expertise and experience to provide services to a variety of customers, instead of being hired into an organization.

Simply put, when you use your skills, expertise, and experience to work with multiple clients and take on various assignments without committing to a single employer, freelancing is. The amount of duties or roles you may take essentially comes down to your ability to perform on them as they ask.

Freelancing typically includes jobs (the so-called gigs) that allow you to work from home. Yet don’t equate as much freelancing as getting a work-from – home job.

  1. Freelancing doesn’t necessarily mean you are going to be working from home. You may need to work at the office of your employer too, depending on the type of job and the specifications of the employer.
  2. A working from home includes a relationship between you and a single employer that offers you a paycheck while not freelancing.

Who is a Freelancer?

A single person receives money for a job or another job, usually for short-term jobs. Unless contractually defined for work solely before a specific assignment is finished, a freelancer is not a worker of a firm and may therefore be able to complete multiple roles concurrently with various individuals and firms.

Freelancers are usually considered self-employed and may work for a contract in full time or as a side job to complement any other full-time jobs, as long as possible.

Some of the Skills needed to be a freelancer;

  • Graphic/web designing
  • Data entry
  • Virtual assistant
  • Software developer
  • Writing skills
  • Audio/video transcribing
  • Etc…….

The above are some of the skills needed to become a freelancer. To learn skills, visit Youtube for lots of tutorial videos on them.

Top freelancing websites

  • Upwork
  • Fiverr
  • 99Designs
  • Guru
  • People Per Hour
  • Freelancer.com

3. E-commerce

Electronic commerce or e-commerce (sometimes written as eCommerce) is a business model that allows companies and individuals to buy and sell online stuff. E-commerce operates in all four major market segments, including:

  • Business to business
  • Business to consumer
  • Consumer to consumer
  • Consumer to business

e-commerce may be thought of as a digital form of mail-order cataloging that can be done on laptops, tablets or smartphones .. Via e-commerce purchases, almost every conceivable product and service is available, including books, music, plane tickets, and financial services such as stock trading and online banking. As such, the system is known to be rather disruptive.

Understanding E-commerce

Through offering cheaper and more effective delivery platforms for their goods or services, e-commerce helped businesses develop a greater market presence. For instance, Mass Retailer Target launched an online store that allows consumers to purchase anything from clothing, coffee makers and toothpaste to action figures.

In comparison, Amazon began its business with an online marketing and product distribution platform focused on e-commerce. Increased e-commerce operating operations from their own personal Web pages do not outdone individual sellers. Finally, digital marketplaces like eBay or Etsy act as platforms for the company of many buyers and sellers.

You can visit YouTube for more videos to find out how to start an e-commerce business.

4. Forex Trading

  1. FOREX TRADING

In simple terms, forex means foreign exchange. A forex trading system is a trading forex process focused on a set of analyzes to decide whether a currency couple should be purchased or sold and how the entry / exit policy and risk management are to be calculated. Forex machine trading may be based on a collection of signals from technical analysis software or main news events.

  • A Forex trading system is a rules-based approach to trading currencies.
  • Forex trading systems can be automated as they are essentially just algorithms that a trader runs based on the market signals.
  • Forex traders often find developing and tweaking their own system an important part of the learning curve.

Note: most people who into this type of business sees it in a form of ‘gambling’ because they don’t follow the rules and regulations concerning this model of business and so therefore as a result, they gain nothing but losses. So if you are interested in venturing into this form of business, you must go through the hustle to learn the pros and cons as well the strategies. You must have someone who will guide you during your learning process. Trust it’s a very lucrative business. You will earn so much if you do the right thing. Visit YouTube to look out for tutorials on Forex trading.  

5. Blogging

Are you ready to start making money with a blog? if you have the experience, passion, or interest in a topic. You can start your blog completely free with a service like Blogger (www.blogger.com). You can also create your own website and provide your own low-cost hosting, which is usually the path that I suggest as there is a small range of free blogging websites, including money-making and advertisement services.

You may think it’s all about writing blogging. So if you want to do so, it might be. But blog posts published are the beginning. Images, videos and links to other websites are available, news and other articles can also be posted … all is fair, indeed, as long as it concerns your niche.

It is critical that you post and publish original content which is beneficial to your target audience. It is the perfect way to rank in the search engines and get the audience to act.

What kind of material do you supply? All you ‘re interested in. Top ten lists, report on emerging trends, tips and tricks — in theory, you need to provide valuable material. Your blog has not been lacking in ideas.  You make money from an online business blog in a number of ways.

Have you ever seen an ad on a website? It was possibly an ad that was run through the Google advertising network.

The advertisements are seen in your blog by the pay-per – click. You make a couple of cents or more each time someone clicks on an ad (which is supposed to be a niche-related issue). Every time, tiny quantities, still adds up. It is really hard-hitting. You just need to get a Google link, put it on your website and the advertisements will be seen on your page. Google will only show ads that are important to your site, so that you can enjoy it well for your visitors and increase the amount of clicks you receive. You can visit Youtube to find out how to create a blog.

Disclaimer: The above listed forms of businesses is not a get rich quick scheme you need time and commitment if you really want to make money online.

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