Profit way to money cash strategies a0.3e

Use your skills to freelance from home

Graphic artists, video editors, writers, virtual assistants and almost anyone with any expertise can offer services on websites such as:

• Upwork and Freelancer are great marketplaces for selling just about any professional service. You don’t need a merchant account, a website of your own or anything else for that matter. You just need to provide a high-quality service at a reasonable price. Be aware—you will need to compete with others and bid on open jobs to make it work.
• Toptal hires first-class freelance talent in areas such as software development, finance, and product management. They have a highly selective screening process, after which you are available to be hired by companies on a project basis.
• Fiverr is a website where people offer to do all sorts of tasks for as little as $5. This can be anything from proofreading to video editing to recording a personalized Happy Birthday song! The secret is to offer affordable “gigs,” as they are called, and to ask much more for attractive upgrades and add-ons.
• Flexjobs and HireMyMom specialize in jobs you can do from home including writing, bookkeeping, social media management, graphic design, legal research, advertising and more. You’ll pay a small fee to be a member which increases the ratio of jobs-to-applicant and helps screen out “tirekickers” that might not be as qualified.
• 99Designs is where graphic designers can find people who need a new website, book cover or logo design. Bid on the proposals that sound interesting to you.
• Cafe Press is another good resource for graphic designers. This website allows you to create digital designs that can then be sold on the platform. You earn a commission for everything that sells without dealing with logistics like printing, warehousing and customer service.

How can I make $100 a week?

It might sound like a lot, but an extra $100 a week is a negligible amount to earn. Become a virtual assistant, try freelance writing, sell on Etsy or Amazon FBA, sell in Fiverr, or become an Uber driver.

Narrate Audiobooks to Make Money Online

The audiobook industry has experienced dramatic growth in recent years, which means there’s a significant demand for audiobook narrators. The popularity of audiobooks doesn’t seem to be slowing down either. It is expected to expand at a compound annual growth rate of 24.4% from 2020 to 2027.

There are no special qualifications for this online role, but you will need a great speaking voice and enjoy reading.

One of the quickest and easiest ways of starting your narrating career is to sign up with a platform connecting authors with audiobook narrators. Here are some examples of where to look:

• ACX
• Voices
• Audible
• Brilliance Audio
• Voicebunny.com

You’re going to need to invest in some good recording software and a top-quality microphone. Start by creating some samples so that potential clients can hear your voice.

Another good place to look for work is Upwork. This freelancing website will help you expand your reach.

Level of expertise: Beginner, intermediate, expert

Requirements: Love of reading and a great voice

Time: Instant

Tools: Recording software, a good quality microphone, somewhere quiet to make the recordings

Income Potential: $100 – $500/finished hour

3. Rental income

Investing in rental properties is an effective way to earn passive income. But it often requires more work than people expect.

If you don’t take the time to learn how to make it a profitable venture, you could lose your investment and then some, says John H. Graves, an Accredited Investment Fiduciary (AIF) in the Los Angeles area and author of “The 7% Solution: You Can Afford a Comfortable Retirement.”

Opportunity: To earn passive income from rental properties, Graves says you must determine three things:

• How much return you want on the investment
• The property’s total costs and expenses
• The financial risks of owning the property

For example, if your goal is to earn $10,000 a year in rental cash flow and the property has a monthly mortgage of $2,000 and costs another $300 a month for taxes and other expenses, you’d have to charge $3,133 in monthly rent to reach your goal.

Risk: There are a few questions to consider: Is there a market for your property? What if you get a tenant who pays late or damages the property? What if you’re unable to rent out your property? Any of these factors could put a big dent in your passive income.

And economic downturns can pose challenges, too. You may suddenly have tenants who can no longer pay their rent, while you may still have a mortgage of your own to pay. Or you may not be able to rent the home out for as much as you could before, as incomes decline. And home prices have been rising quickly due in part to relatively low mortgage rates, so your rents may not be able to cover your expenses. You’ll want to weigh these risks and have contingency plans in place to protect yourself.

Start a blog

If you like to write, a blog is a wonderful platform for creating a following and selling an online course. Pick a topic you enjoy writing about. Learn how affiliate marketing might create extra cash for you. Write a book to launch on Amazon Kindle—and your blog! (See Problogger for solid information and training.)

Blogs and YouTube channels can be quite profitable, yet they are not “quick cash” strategies! It usually takes months once you earn your first dollar. These strategies work especially well when you have a product or service to sell.

Make Money on Your Phone

You don’t need a fancy computer to make money. You can make upward of 3k just by using your smartphone. What’s even better is that you won’t need to leave home to do it. The internet has made it super easy, and with smartphones having enough computer power to run a small country, there are numerous ways you can make money from home.

Lots of the options will bring in small amounts of cash, which we’ve already looked at. In this short section, you’ll find out about the more lucrative ways.

• Make a profit from flipping stuff: If you’re the kind of person who has an eye for hidden treasures and deals at garage sales or thrift stores, this could be the option for you. When you flip things, you’re selling items you got free or discounted for profit.
• Make smart investments with Acorns: If you’re interested in making money by investing, Acorns is a fantastic option, especially for beginners. When you buy something with your credit or debit card, Acorn rounds it up and invests the difference. It’s just a small change, but you’ll be surprised at how quickly it adds up.
• Sell books online: There’s a massive market for used books and textbooks. Sites such as Bookscouter help you sell any books you’ve got or books you buy cheaply, for real cash.
• Play games and get paid: If you enjoy passing the time playing games, check out Dabbl. Play fun and simple interactive games and earn money. We’ll look at some other ways to make money playing games in the next section.
• Rover: Get paid to play with dogs, pet-sit, walk dogs, and more. Use your phone to set your rates and plan your schedule.

Level of expertise: Beginner

Requirements: Smartphone

Time: Instant

Tools: Sign up with the app

Income Potential: Up to $3,000 annually

21. Money-making strategy: Give blood

You can \make around $20 to $50 per donation of blood, depending if your blood type is rare or common. You can also donate plasma. Different states have different minimum requirements that must be paid when people donate plasma.

Plasma donations help people who are fighting Leukemia and other immune disorders. This is a bit more complicated and involved than donating blood but you won't get much more than donating blood.

Sell Your Art and Designs

A very popular way to make money online is to sell your art and designs. If you’ve got a good eye for design or consider yourself an artist, it’s possible to sell what you create online and also make money.

There are lots of websites that specialize in this kind of product. You’ll get help creating your shop on the platform, uploading your art or designs, marketing your products, along selling and shipping orders.

Where you decide to sell your designs and art online depends on what you want to sell. A wide range of platforms is available for selling everything from drawings and paintings to woodworking and crafts.

Here are some of the best we’ve found:

• Etsy: This site has a massive following, making it a great place to sell your art. You have to pay listing fees, and the competition is intense, but it’s worth checking out. To make your art stand out, you’ll need to include high-quality images.
• Artfinder: This online marketplace is where independent artists sell their work. You can sell paintings, sculptures, photographs, and much more. The site is aimed at high-end collectors, but that does mean you can charge more for your art. You have to apply to Artfinder if you want to sell your art. Applications are reviewed for originality and quality.
• Big Cartel: Big Cartel charges a flat monthly fee and doesn’t take a percentage from your sales.
• Storeenvy: This platform is entirely free, which makes it a great starting point.
• ArtPal: No upfront fees have to be paid. Instead, ArtPal takes 5% from any sales you make.
• Artmajeur: This site is based in France but sells art globally. Commission rates are a little steep, but you can list various items, including sculptures, drawings, multimedia, paintings, and photography.
• Society6: You can use this site to sell reproductions of art or get your designs or art printed on various items. Simply upload your photography or artwork, and you can have it printed onto everything from iPhone cases to art prints.

You can also use Facebook, Instagram, Patreon, or Shopify.

Level of expertise: Beginner, intermediate, expert

Requirements: Artistic flare or a good eye for design

Time: Up to 12 months to make a liveable profit

Tools: Arts and crafts materials

Income Potential: $50 – $10,000/month

Passive income ideas:

Learn more:

Note: Bankrate’s Brian Baker also contributed to this story.

Build a drop-ship business

“Drop-shipping” means that you never have to see or handle the product yourself. (You just have to make the sale!)

Amazon offers one form of drop-shipping, but there are other resources. Providers such as SaleHoo, Worldwide Brands, and other sources offer drop-shipping products.

Rate of Return	Rule of 72	Actual no. of Years	Difference (no.) of Years
2%	36.0	35.0	1.0
3%	24.0	23.5	0.5
5%	14.0	14.2	0.2
7%	10.3	10.2	0.1
9%	8.0	8.04	0.0
12%	6.0	6.1	0.1
25%	2.9	3.1	0.2
50%	1.4	1.7	0.3
72%	1.0	1.3	0.3
100%	0.7	1.0	0.3

Become a $100/hour consultant

Clarity.fm pairs business owners with experts who can help them with marketing, branding, business development and other topics. While not a steady way to earn money, it is a way to add some occasional dollars to your wallet. This Side Hustle Nation article explains how it works and how the author has earned nearly $8,000 over time with Clarity.

23. Money-making strategy: Participate in medical studies

If you don't mind throwing caution to the wind, consider becoming a participant in medical studies or drug trials. Companies pay a significant amount of money to participants.

You'll need to find the companies conducting medial studies and expect side effects. If you can live with that, then you can definitely make some money fast without too much effort.

18. Money-making strategy: Take on housecleaning jobs

There's a variety of platforms online that you could tap into for doing this, or you could simply scour your neighborhood or post on social media. You could use Amazon's Home Services for this as well, or you could create your own simple, one-page website to advertise.

Either way, this is a terrific way to make upwards of $20 per hour or more doing a job that's often in high demand. You could easily make this a long-term gig if you perform well and don't cut corners.

Related: From $100 Million to Broke to Betting It All on Cryptocurrencies

25. Money-making strategy: Do micro gigs on Mechanical Turk

Mechanical Turk is a platform by Amazon that allows you to do small jobs and get paid for it. But don't expect too much money out of this. These gigs truly are "micro" and range from a few cents to a few dollars at the most. But if you string several of these together, it might be in your benefit.

You don't need any serious qualification to do this. Usually, this involves clicking on links, taking surveys, giving an opinion, doing some light categorizing or other human-intelligence tasks (HITs as they like to call it).

24. Money-making strategy: Rent a spare room on AirBnB

AirBnB can be a terrific platform for renting out a spare room. You can make some good money, especially if you live in a tourist destination. If you don't mind the neighbors, then this is definitely an option. You can crash with friends and family and rent out your entire house if you're really desperate.

Related: What You'll Really Earn on Uber, Airbnb and TaskRabbit Every Month

Build a Website and Earn an Affiliate Commission

One of the most popular ways to make real money online is through affiliate marketing. 81% of brands and 84% of publishers use the power of affiliate marketing and this statistic is likely to continue as affiliate marketing spending in the US increases every year.

Don’t know what affiliate marketing is? It’s a way of earning money by promoting various brands. You’re promoting products, services, apps, software, and more. In return, companies pay you a commission when a customer buys a product using your link.

You probably think the commission will be small, but that’s not strictly true. It can be but what makes a big difference is that you can be an affiliate for one, two, three, or considerably more different brands, and there’s no limit to the number of links you can include in each of your posts.

There’s also the potential for the commission to be 50% of a $1,000 product and for it to be a recurring commission every month.

How does it work? You advertise the brands via your website by writing blogs, creating infomercials, and other types of content. You include links for your affiliate brands and push traffic to their website.

To achieve any level of success, you have to learn to be persistent. The key to your success will be finding a niche that suits you and having the right strategy. Some of the niches you might want to consider include:

• Software
• Travel
• E-commerce
• Dating
• Loans
• Fitness

Once you’ve decided on a niche, you’ll need to work on designing a website and starting a blog. Starting a YouTube channel that runs alongside your blog is another option.

Level of expertise: Intermediate

Requirements: Content marketing expertise, know how to build a website

Time: From six months to several years before you start making any real profit

Tools: Domain, hosting

Income Potential: $300 to $10,000/day

Become a ‘Clickworker’

There are many ways you can become a clickworker. The company is always looking for people who can correct or create texts, search or categorize data, or take part in surveys.

14. Money-making strategy: Become a personal training

If you understand fitness, you could be a personal trainer. People pay good money for personal trainers, if only to have someone keep them on track towards their goals. You can add value while also helping yourself financially.

This could also break off into nutrition and assisting people with meal plans, and so on. You could solicit clients in your local gym, but depending on where you live, you might need some certification to do this (not to mention the gym's approval). You could also use a site like FitnessTrainer to advertise your services.

Related: This Entrepreneur Lives in the Back Room at a Gym While Building His Business

2. Write an e-book

Writing an e-book can be a good opportunity to take advantage of the low cost of publishing and even leverage the worldwide distribution of Amazon to get your book seen by potentially millions of would-be buyers. E-books can be relatively short, perhaps 30-50 pages, and can be relatively cheap to create, since they rely on your own expertise.

You’ll need to be an expert on a specific topic, but the topic could be niche and use some special skills or abilities that very few offer but that many readers need. You can quickly design the book on an online platform and then even test-market different titles and price points.

But just like with designing a course, a lot of the value comes when you add more e-books to the mix, drawing in more customers to your content.

Opportunity: An e-book can function not only to deliver good information and value to readers, but also as a way to drive traffic to your other offerings, including audio or video courses, other e-books, a website or potentially higher-value seminars.

Risk: Your e-book has to be very strong to build up a following and then it helps if you have some way to market it, too, such as an existing website, a promotion on other relevant websites, appearances in the media or podcasts or something else. So you could put in a lot of work upfront and get very little back for your efforts, especially at first.

And while an e-book is nice, it will help if you write more and then even build a business around the book or make the book just one part of your business that strengthens the other parts. So your biggest risk is probably that you waste your time with little reward.

1. Create a course

One popular strategy for passive income is creating an audio or video course, then kicking back while cash rolls in from the sale of your product. Courses can be distributed and sold through sites such as Udemy, SkillShare and Coursera.

Alternatively, you might consider a “freemium model” – building up a following with free content and then charging for more detailed information or for those who want to know more. For example, language teachers and stock-picking advice may use this model. The free content acts as a demonstration of your expertise, and may attract those looking to go to the next level.

Opportunity: A course can deliver an excellent income stream, because you make money easily after the initial outlay of time.

Risk: “It takes a massive amount of effort to create the product,” Tresidder says. “And to make good money from it, it has to be great. There’s no room for trash out there.”

Tresidder says you must build a strong platform, market your products and plan for more products if you want to be successful.

“One product is not a business unless you get really lucky,” Tresidder says. “The best way to sell an existing product is to create more excellent products.”

Once you master the business model, you can generate a good income stream, he says.

Start an eCommerce Site and Sell Physical Products

In recent years, eCommerce sites have really taken off, and thanks to platforms such as WooCommerce and WordPress, building your site couldn’t get much easier. Because so many brick-and-mortar stores have had to close their doors due to COVID, the popularity of this option is likely to increase.

Online shopping is no longer the luxury it once was. More than a decade ago, eCommerce only accounted for 5.1% of total retail sales. Fast forward and in 2019, online sales accounted for 21%. For millions of people, thanks to Covid-19, it is now a necessity. For your eCommerce business to be successful in the long term, you’ll need a long-term vision and a product that brings real value to the market.

To run a successful eCommerce store, you need to create and sell a niche physical product to a specific audience or purchase trending products cheaply from an overseas manufacturer, repackage them and sell them at a markup.

The first option can be a little risky, but it also has the potential to be very successful. A certain amount of passion for your product or products is essential, and you’ll also need to be prepared to put in the graft when it comes to research, development of your product, and also testing.

There are some very successful eCommerce sites you can take inspiration from, such as Beardbrand, Ratio Coffee, and SkinnyMe Tea. All three of these companies show what incredible results are possible if you’re prepared to put in the work.

The second option is less risky, but you first have to source a product that’s already popular. One place to look is AliExpress. You buy the product in bulk, repackage it, and then sell it via your eCommerce store.

Aside from finding the right product, you’ll also need to think about how you’ll ship the orders. Handling it yourself is the obvious option, but something called drop shipping is another possibility. In this case, you take the orders, and the manufacturer handles the shipping on your behalf.

Level of expertise: Beginner, intermediate, expert

Requirements: The right idea and customers for your product

Time: You could be making money in a couple of months

Tools: Hosting, domain, products to sell

Income Potential: $50-$100,000/monthh=

Do Micro-Jobs on Amazon Mechanical Turk

You may not have heard of micro-jobs, but it’s a term used for straightforward jobs that generally require no technical skill. Amazon Mechanical Turk is an online platform where requesters (as they are known) post boring jobs that you can complete for minute sums of money.

The jobs are called HITs or Human Intelligence Tasks. These tasks tend to be things that algorithms or computers aren’t quite capable of doing or that humans do far more effectively.

You get to pick and choose which jobs you want to do and how much you do. The pay is anything from $0.01 to $1 per HIT. HITs include:

• Transcription of audio recordings
• Researching data details
• Identification of objects in videos or photos
• Data deduplication

Unfortunately, there is a considerable amount of competition, and if you want to get your fair share of the work, you’ll need to use browser extensions and a suite of tools to lap up the best-paying jobs quickly.

Level of expertise: Beginner, intermediate, expert

Requirements: No experience or knowledge is required

Time: Instant, although it can take a couple of weeks to build up a decent amount of cash

Tools: Software that alerts you of the high-earning HITS

Income Potential: $100 – $1,000/month

Review music for money

Did you realize you could get paid for listening to music and writing a review? Sign up to one of several websites, and review music from upcoming songwriters and singers. All you have to do is listen and then give your opinion. The more music you review, the bigger the reward. Musicxray, Playlist Push, and Current.us are just a few possible sites.

Learn to code—or build websites!

Code Academy offers courses in web development, computer programming, and data science. Their basic package is free, so you can begin learning immediately with no out-of-pocket expense.

Sell Stock Photos to Make Money Online

Is your passion for taking pictures? Why not make some money at the same time? There are several different sites where you can upload your photos. The benefit of using these sites is that their user base is massive. Every time someone operates and licenses the images, you’re paid for the privilege.

Many people start selling their stock photos only to fall after a couple of months because they’re not earning enough. To make a consistent amount of money, you must upload images of the highest quality, research what sells, and then create the pictures you know people will buy. It also helps if you upload images as often as you can. The more extensive your portfolio, the better chance you have of success.

Some of the most well-known stock photography sites include:

Conclusion

Whether you want to make a few extra bucks as a sideline, discover a way to escape your 9 to 5, or start your own business, there are endless opportunities when it comes to making money online.

You can start with little or no investment or use your savings to get things off the ground. In the list, there are possibilities for the complete beginner right through to expert.

There really is something for everyone.

Hobbies That Make Money Online

If you’ve got a hobby or two, did you realize you could be making money doing something you love? You may not have got into your hobby with the intention of making money, but some have the potential to become money streams if you’re serious enough.

Want to know what the most lucrative hobbies are? Keep reading for the ultimate list.

• Writing: Besides earning you money, publishing and writing online is also a great way to further your career or become an established expert. Freelance on sites like Fiverr or Upwork or write your blog.
• Design and illustration: this creative hobby can also make you money on a freelance basis. There are always potential clients on Fiverr, for example. Another option is to put your illustrations or designs on items like posts, canvases, or t-shirts. Choose a print-on-demand service, and you don’t need money upfront for an inventory.
• Cooking: Start a foodie blog to showcase your creations. Create a YouTube channel and teach people how to cook. Dive headfirst into your food hobby by creating cooking products or food.
• Music: Record and sell your albums or songs. Platforms like SoundCloud are good places to sell what you record. Creating beats or samples is another money-making musical hobby.
• DIY crafts: Crafting can be a very profitable hobby. There is an endless number of things you could make and sell. For example, jewelry, bath bombs, soap, wooden puzzles, candles, and many more.
• Gardening: With more people spending time at home, gardening has seen a significant increase in popularity. As well as making you healthier and happier, this hobby could also make you richer.
• Photography: You could become a freelance photographer, but for a side hustle that’s more scalable, why not sell your photos as prints or stock images?.
• Comedy: If you’ve got a good sense of humor and enjoy making people laugh, have you thought about using this talent to make money? It’s possible to amass large audiences by curating viral videos, memes, or tapping into a humorous niche.

Level of expertise: Beginner, intermediate, expert

Requirements: an interest or hobby with the potential to monetize

Time: Once you’ve made the items, you could be selling for a profit within a few weeks

Tools: These will depend on the hobby

Income Potential: $10,000 – $100,000/annum

3. Money-making strategy: Sell old books and games on Amazon

Amazon makes it fairly easy to list and sell old books, games and devices on its marketplace. You can make more than just a few bucks If you have pricey textbooks from college. Be sure the books are in good condition. You'll get negative reviews if you attempt to sell books that are falling apart or games that are scratched up. Remember, be upfront about any defects, no matter how small they might be and no matter how few people might readily notice it.

2. The Contrarian Way—Blood in the Streets

Even the most unadventurous investor knows that there comes a time when you must buy, not because everyone is getting in on a good thing but because everyone is getting out.

Just as great athletes go through slumps when many fans turn their backs, the stock prices of otherwise great companies occasionally go through slumps, which accelerate as fickle investors bail out. As Baron Rothschild supposedly once said, smart investors "buy when there is blood in the streets, even if the blood is their own."

Nobody is arguing that you should buy garbage stocks. The point is that there are times when good investments become oversold, which presents a buying opportunity for investors who have done their homework.

Valuation metrics used to gauge whether a stock may be oversold include a company's price-to-earnings ratio and book value. Both measures have well-established historical norms for both the broad markets and for specific industries. When companies slip well below these historical averages for superficial or systemic reasons, smart investors smell an opportunity to double their money.

Being contrarian means that one is going against the prevailing trend. It therefore requires a greater degree of risk tolerance and a substantial amount of due diligence and research. As such, a contrarian strategy is best left to very experienced investors and is not recommended for a conservative or inexperienced investor.

Make Money with Online Surveys

This option will not make you rich, but it is a way of earning prizes or fast cash and not worrying about learning a new skill. You can do this job in your spare time. The work is effortless, and most online survey sites require little or no skill or education.

Some survey websites pay more than you might expect, but even so, don’t expect your earnings to be in anything more than double figures.

You have to sign up at an online survey site and provide certain information, including your interests and background. With that information, the platforms can match you up with the most appropriate surveys.

The most popular survey sites online include:

• Swagbucks
• I-say
• Pinecone Research
• Pro Opinion
• SendEarnings

Level of expertise: Beginner, intermediate

Requirements: None

Time: Instant

Tools: Smartphone

Income Potential: $1 – $20/hour

Step 3: Start Creating Income!

There are unlimited ways to make money from home – from consumer surveys and other side-hustles that generate some grocery money to potentially lucrative projects and jobs that may take a little time to get off the ground.

Here are some of our favorites:

What Apps Pay You Real Money?

If you’re looking for an app that pays real money, check out the following list:

• Ibotta: earn real money on online or in-store purchases in one of over 1,500 retail chains and brands. Offers are retailer or product-specific, some of which are applied automatically. Products you can buy include entertainment, clothing, pet supplies, groceries, and more.
• Rakuten: With this app, you’re rewarded with as much as 40% cash-back when you make purchases from well-known restaurants, food delivery services, and retailers. To increase your earnings, you can link a debit or credit card and earn cashback when you buy in-store instead of online.
• Swagbucks: Earn your Swagbucks shopping, playing games, watching videos, and any number of other tasks. You can redeem the points you earn for cash into a PayPal account.
• Cointiply: This is a micro-task website where you sign up and receive free bitcoins in exchange for various tasks. These might be installing apps, filling in surveys, viewing apps, playing games, or much more.
• Doordash: if you’ve got a bike or vehicle, Doordash pays you for delivering food. More than 250,000 restaurants located in over 300 cities use this app for providing food to customers.
• Shipt: This app is similar to DoorDash, but you are paid for delivering groceries in this case.
• Shopkick: To earn money from this app, you’ll need to pick from various tasks that tend to revolve around visiting a store and shopping. It’s also a mystery shopping app that pays you for visiting stores and checking whether specific products are in stock.
• Mercari: Choose Mercari if you’ve got loads of stuff you want to sell. It’s an online marketplace for new and used items for sale across the US.
• Poshmark: Poshmark is an app for anyone with clothing to sell. Millions of users visit the platform, and listing your items is free.

Level of expertise: Beginner, intermediate

Requirements: PayPal account for receiving payments

Time: Instant

Tools: An account with one or more money-making apps

Income Potential: $5 – $500/week

Make and sell products online

Etsy is a website where people sell homemade goods—everything from art to jewelry to soap to pottery to vintage treasures! (It’s also a lovely place to shop where you can buy unique things while supporting creators/curators.)

You can also build your own virtual storefront with Shopify or install the WooCommerce plugin on your WordPress website and run your e-commerce store from your own blog.

S&P 500 Doubles in 3 Years!

The S&P 500 returned a phenomenal total return of 100% in the three years from 2019 to 2021, despite plunging 35% within a six-week period in February and March of 2020. An investor who held an investment like the SPDR S&P 500 ETF (SPY) over these three years would have seen it double in value.

Web Development

Increasing demand for websites means jobs that revolve around this need are also on the rise. It’s a job that lends itself well to working from home because all you need is knowledge, a computer, and a reliable internet connection. The most popular jobs include front-end developing, back-end developing, and full-stack development.

Start a YouTube channel

Start a YouTube channel and monetize it. For instance, you can gain followers and eventually earn ad revenue, affiliate income or Patreon supporters. YouTube is also an excellent platform for creating a fanbase who will enjoy future offers. Many YouTubers such as Sunny Lenarduzzi have videos for helpful tips for building a profitable following on YouTube.

26. Money-making strategy: Sell vintage clothes at a thrift shop

You'll likely get paid by the pound but it's some money, so if you're in need, then why not -- especially if you have no use for those clothes anymore. This works best for things like maternity clothes, old children's clothes, clothes that you haven't worn in years or are simply out of style.

Teach English as a Virtual Tutor

It’s possible to teach English as a virtual tutor with no experience. However, you do have to be a fluent English speaker. Teaching English online has enjoyed rapid growth in demand and popularity. There are currently over a billion people currently learning English globally.

New online platforms and schools pop up regularly. Some require a bachelor’s degree, but others don’t. TEFL or ESL certification, however, is essential.

Level of expertise: Beginner, intermediate, expert

Requirements: No teaching experience is required, but you can earn more with a degree or teaching certification

Time: Instant

Tools: Account with an online teaching platform

Income Potential: From $10/hour – $40/hour

2. Money-making strategy: Become a market research participant

In college I participated in loads of market research. It's fairly quick money for not a lot of work. Companies looking for consumers' opinions on a variety of products and services put you in a room to garner your opinion. That's it.

This often involves writing or stating your opinion, answering polls or surveys, or breaking off in a discussion group. The mechanics don't matter much. The point is that you can rely on it from time to time. Focusgroup.com is just one company that is looking for participants.

Related: 6 Things You Must Quit Doing Now If You Want to Be More Successful

Can an Investor Use All Five Ways in the Quest to Double One's Money?

Yes, of course. If your employer matches contributions to your retirement plan, take advantage of that perk. Invest in a diversified portfolio of stocks and bonds and consider being a contrarian when the market plunges or rockets higher. If you have the risk appetite and want some sizzle on your steak, allocate a small portion of your portfolio to more aggressive strategies and investments (after doing your research and due diligence, of course). Save on a regular basis to buy a house and keep the down payment in a savings account or other relatively risk-free investment.

Set yourself up for future recurring revenue

If you are a business owner or freelancer or simply want to generate income on the side, this is the perfect time to set yourself up for multiple streams of income. To create (eventual) passive income, you could:

• Write a book to sell on Amazon.
• License intellectual property.
• Sell photos through stock photo websites.
• Invest in cash-flowing real estate or mineral rights.
• Buy—or sell—an income-producing website on Flippa.com or Deal Flow Brokerage. (This can be very profitable but definitely study up and/or get professional advice on this.)

7. Peer-to-peer lending

A peer-to-peer (P2P) loan is a personal loan made between you and a borrower, facilitated through a third-party intermediary such as Prosper or LendingClub. Other players include Funding Circle, which targets businesses and has higher borrowing limits, and Payoff, which targets better credit risks.

Opportunity: As a lender, you earn income via interest payments made on the loans. But because the loan is unsecured, you could end up with nothing in the event of a default.

To cut that risk, you need to do two things:

• Diversify your lending portfolio by investing smaller amounts over multiple loans. At Prosper.com and LendingClub, the minimum investment per loan is $25.
• Analyze historical data on the prospective borrowers to make informed picks.

Risk: It takes time to master the metrics of P2P lending, so it’s not entirely passive, and you’ll want to carefully vet your prospective borrowers. Since you’re investing in multiple loans, you must pay close attention to payments received. Whatever you make in interest should be reinvested if you want to build income.

Economic recessions can also make high-yielding personal loans a more likely candidate for default, too, so these loans may go bad at higher than historical rates when the economy worsens.

18. Sell designs online

If you have design skills, you may be able to turn them into a money maker by selling items with your printed designs on them. Businesses such as CafePress and Zazzle allow you to sell items such as T-shirts, hats, mugs and more with your own designs.

Opportunity: You can start with your own designs and see what the market is interested in, and expand from there. You may be able to capitalize on surging interest in a current event and design a shirt that captures the spirit of the times or at least a snarky take on it. And you can also set up your own web storefront through a site such as Shopify to market your goodies.

Risk: Printing partners allow you to ship items without directly investing in the merchandise yourself, avoiding one of the biggest risks of tying up your capital. But you may be able to get better pricing if you invest in some of the inventory yourself. Another big risk here is that you could invest a lot of time with little payoff, but this avenue might be interesting if you’re already doing the design work for another purpose, such as personal interest.

Passive income ideas for beginners

• High-yield savings account. A high-yield savings account can be an easy way to get an extra boost on your savings beyond what you’d receive in a typical checking or savings account. It won’t be much, but it’s a simple way to get started with passive income.
• Certificates of deposit. CDs are another way to generate some passive income, but your money will be tied up more than it would be in a high-yield savings account.
• Real estate investment trusts. REITs are a way to invest in real estate without having to put in all the effort that comes with managing properties. REITs typically pay out the majority of their income in dividends, making them an attractive option for investors looking for passive income.

31. Money-making strategy: Lead walking tours on Viator

If you live in a tourist locale, consider doing walking tours on Viator, which is one of the largest platforms for tour operators in the world. You'll really need to work hard to get a good reputation. To find clients quickly offer free tours and ask for tips at the end.

This is leveraging the principle of reciprocity with the power of free. People love to get things for free, but they feel obligated at the end to give something in return. That's why supermarkets are always giving away food. They know if you like it, you'll buy it.

Online Consultant

Individuals and businesses often reach out to consultants to help them reach their goals, especially when they have problems meeting in person because of a heavy schedule. Being a virtual consultant is a versatile career choice, and you could help your clients with a wide range of things, from marketing to searching for a job.

Consider what experience and skills you have and whether you’re able to deliver it online, and there will be people who want to pay for such a solution to their problems. Along with your experience, you’ll also need to do some research. This will allow you to focus on the right service to offer and how much you can expect your future clients to pay.

Once you’ve found a service, consider undertaking a beta group test. Use it as a learning experience, get feedback, and remember to ask for testimonials.

There’s a vast range of options when it comes to consulting. Check out the following options:

• PR consulting
• Marketing consultant
• Social media consulting
• Career coaching consultant
• Sustainability consultant
• Travel consulting
• Financial consultant
• Fitness/wellness consultant
• HR consulting
• IT/technology consultant
• Sales consultant
• Compliance consulting
• Legal consultant

If you’re not sure where to look for opportunities, try one of these legitimate websites:

• Clarity: This is a platform that concentrates mainly on start-ups. Any experts who want to offer their services here need to know business processes, entrepreneurship, or start-ups, for example.
• ExpertConnect: Based in New York, ExpertConnect is always looking for experts in healthcare, technology, life sciences, telecommunications, media, legal affairs, accounting, finance, real estate, retail, and consumer goods.
• Maven: According to Maven, it is the “Global Knowledge Marketplace” and has many experts from all industry fields and walks of life. Mavens, as the experts are known, include truck drivers, barbers, auto mechanics, farmers, and doctors.
• GLG: The clientele on this platform comes from many different industries, including technology, life sciences, investments, market research, and consumer goods. You’re able to set your rates depending on your experience, practice area, and designation.
• Zintro: You pay nothing to be a Zintro member, but you or your client must pay when you first connect via the platform. You don’t receive emails with consulting requests. Instead, you have to visit your Zintro inbox regularly.

Level of expertise: Intermediate, expert

Requirements: Experience and skills that people need and want to pay for

Time: At least a year before you make any profit

Tools: Consultancy platform, website to advertise your services

Income Potential: $500 – $110,000/month

How Can I Make Money Online?

If you want to earn extra money without breaking a sweat, keep scrolling. To save you time and hours of research, I’ve created this extensive list of online money-making ideas and gigs on the side. All you need to do is set aside some time to read through the list, and I’m pretty confident you’ll find one or two you quite like the sound of.

Look After Other People’s Pets

Believe it or not, there is a massive demand for responsible and reliable pet sitters. One essential thing is that you have to love pets. Typically, it would be cats and dogs you’d be caring for, but potentially, it could be anything from a parrot to tropical fish.

Pet sitting is very similar to babysitting, but you’ll be looking after a beloved pet rather than a child in this case. It depends on the job, but you could look after the pet in your own home or the home of the owner.

If you don’t think you’ll be able to commit to caring for a pet over several days or longer, other options are possible. Perhaps you could be a dog walker or keep a pet company while their owner works.

There are several pet sitting websites where you can look for work, for example:

• Care.com
• Tailster
• Cat in a Flat
• Rover
• Pawshake
• Trusted Housesitters

Level of expertise: Beginner, intermediate, expert

Requirements: You have to be an animal lover, be patient, and be empathic for animals

Time: Work on getting a good reputation, and you could turn a profit in a couple of months

Tools: Certification will help you get better-paid jobs, insurance should anything go wrong

Income Potential: $10 – $25/hour

8. Money-making strategy: Sell on CafePress or Etsy

If you can design digital items, you can sell them for a share of the profits on a site like CafePress. You can do this with nothing more than some design software. They can include custom logos, inspirational sayings and other topical or trending designs appealing to the masses.

You could hire a designer to assist you with this, but you still need to come up with the ideas. This works best if you understand design yourself but requires no overhead. Items are printed and delivered on-demand. You simply receive a share of the proceeds. Similarly, you could sell items on Etsy as well.

Review websites & apps for cash

This is a very similar gig to completing surveys, but in this case, you’re testing websites, apps, and other types of software. You have to actively participate in using the products you’re reviewing, pay attention, and provide continuous feedback.

Make Money with Apps

There’s a good selection of apps that pay you money, whether you’re looking for a side hustle, something to fill your free time with, or part-time employment. However, even the best-paying ones out there aren’t likely to make you rich. That being said, they can provide a sizable secondary income.

Not every app will suit everyone, but if you’re interested, there’s sure to be one that gives you what you want. The process is very simple. You simply download the app, create a profile, possibly provide additional information, wait for verification, and then off you go.

Apps pay in several different ways. Some pay with rewards, payment vouchers, gifts, money-off, cashback, or coupons. A large number of them pay via PayPal, so you’ll need to have a PayPal account.

The earning potential of money-making apps depends on the amount of effort you put in. Do you, for example, want to earn some extra bucks when you’re lounging around at home or relaxing in your local coffee shop? Are you prepared to drive around, visit stores, meet people in person, or do manual labor?

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