Online Shop I have been a full time online entrepreneur since June of 2017.
Since I was old enough to have my own computer, I have been trying different methods for making money online. The idea of pulling money out of thin air by using the internet has always fascinated me.
My early ventures for making money online were not successful.
I would guess that I have tried and failed at close to a dozen different online businesses. Thankfully, I have now found a few money making ideas that have actually worked for me. The good news is, none of them involve a rich prince sending you money through email!
I will be sharing those with you now as well as money making ideas that have worked for close friends of mine!
One thing I will say is this; building a legitimate business online takes time. If you are looking to make some serious income from your online ventures, be prepared for a long journey ahead. However, I have found that it is totally worth it!
I started my YouTube channel back in October of 2016. This channel now brings in around $30,000 a month in ad revenue and affiliate revenue. My next venture was this blog, which I started with a business partner back in August of 2018.
Between the blog and the channel, they are bringing in $40,000 to $50,000 a month in revenue!
So, now that I have your attention, let's get into it!Best Make Money Online Offers1. Stock Market
Okay, I know this one is a stretch, but there are thousands of people out there making $100 a day or more on average through the stock market.
One of the most common ways is through dividend income. Dividends are payments to shareholders that are typically paid out on a quarterly basis. I personally love dividends, as this is passive income at its finest!
Consider a stock like AT&T. This is a company that currently pays a dividend of around 7%. That means for every dollar you invest in this company, you will get back seven cents a year in the form of dividend payments.
Now, it is important to remember that dividends are never guaranteed. However, companies like AT&T have been paying dividends for decades, so it is a pretty sure bet.
In order to average $100 a day from dividend income, you would need to be earning $36,500 per year. Assuming AT&T continues to pay a dividend of 7%, an investment of just over $500,000 would earn you that income.
While that probably sounds like a lot of money for most readers, that is a great goal to aim for the long term! The most important part is to get started as early as possible. Even Warren Buffett himself has said this before! Growing your wealth and making money through the stock market is very slow at first, but over time your money grows faster and faster each year thanks to compound interest. Adding dividends to the mix means your money grows even faster, as you reinvest these payments!How To Get Free Stocks
Webull is ready to help you get started on your stock market investing journey. They are offering our readers a free stock!
If you open an account with them and fund it with $100, you will get your free stocks! It is a lottery system, so it could be a low or high-value stock. Regardless, you can't beat free. This is the best promotional offer we have seen from free investing apps we have reviewed.Best Free Stock Promotions2. Investing In Real Estate
Where do most millionaires come from, you ask?
Well, the answer is real estate! According to The College Investor, 90% of the world's millionaires have been created by investing in real estate.
It has truly been turning average people into millionaires for years! So, let’s identify the elephant in the room and answer your burning question; how can you invest in real estate? Here’s the catch. Real estate is what we call a “high barrier” investment. You see, stocks and bonds are “low barrier” because it is easy to buy them and you don’t need a lot of money to get started. For example, we mentioned earlier how you can get started investing with Webull with no minimum initial deposit.
Real estate is a “high barrier” investment because you need thousands or tens of thousands of dollars to get started. I personally made my first physical real estate investment in 2019. I bought a 3 family property using a FHA loan and my down payment was $32,000!
You also need to go out and find a property to invest in, not nearly as simple as buying a stock! So, are you ready for us to blow your mind again?
You can become a real estate investor for as little as $10.
Thanks to the digital era and something called crowdfunding, thousands of investors are now able to pool their money together to purchase real estate.Investing In Real Estate With Fundrise
Fundrise is a platform that does exactly this. It connects small retail investors with private real estate projects, allowing them to get access to this coveted asset. I have personally been investing in both physical real estate and crowdfunded real estate.
I started investing in Fundrise back in June of 2018. Now, I am investing $2,000 a month into this platform. If you are curious, here is an update on my Fundrise investment.
If you have always wanted to be a real estate investor, but you don’t have tens of thousands of dollars to work with, this could be the perfect solution for you. By pooling your money with people from all over, you can each own a piece of cash flow producing real estate and reap the benefits!3. Get Paid To Shop
Ready for the easiest way to make money online?Download Rakuten Here (Get $40 For Free)Shop on your favorite websites onlineGet paid
Rakuten (formerly Ebates) is a free app you can use that allows you to score cashback for the normal shopping you do online.
Stores like Walmart, Target, and Nike partner with Ebates and offer free cashback any time you shop on their sites while signed on to Rakuten.
Then, every 3 months, Rakuten cuts you a check or PayPal deposit for all of the cashback you have accumulated.
Once you sign up for an account, you'll see a portal with all of their partner stores. By clicking on the link, you'll be taken to that company's website and any purchases you make will count towards your cash back.
Plus, if you sign up using our link, you'll get an extra $40 in cash back after you spend $40 through any of their partner's websites. Oh and did we mention it's 100% free?4. Invest In Farmland
While this may not be the most seductive form of earning passive income online, AcreTrader lets you invest in farmland!
You know, that stuff we use to grow a very important resource called food?
Picture this. You take a piece of farmland and then divide it up into shares. Then, investors buy individual shares of that land! As an asset class, farmland has provided investors with average annual returns of 11-12% over the last 30 years.
There are two potential ways to get paid:If the land goes up in value, you make money when it is sold!If the land is rented to farmers, you earn dividends!
The minimum investments on AcreTrader typically range from $5,000 to $10,000 depending on the size and price of the farm.
It is important to note that AcreTrader is currently available to accredited investors only.
If you want to learn more, here is our full review of AcreTrader!
That being said, if it seems like a good fit for you, it is definitely worthy of bragging rights at your next cocktail party!5. Work From Home English Tutor
One of the best and most rewarding ways to start making money from home is by being an online tutor.
VIPKid is a platform that connects English speaking tutors with children in China who are looking to learn English.
As a tutor, you will lead a one on one tutoring session with a student in China from the comfort of your own home. The best part? On average, you will earn $14 to $22 an hour based on your skill level. This could be a great option for stay at home moms.
There are just a few basic qualifications:You need to have a bachelors degree from the US or Canadian university.Some prior experience with children is a must (babysitting, coaching, tutoring, etc.)High-speed internet and a webcam is needed for lessons.
VIPKid is the leading online tutoring site out there today.
In fact, Forbes magazine even recognized them as the number one work from home opportunity. They are in urgent need for thousands of teachers.
It is important to remember that you DO NOT need prior teaching experience to be a tutor and you DO NOT need to speak other foreign languages. If you meet the above requirements, you could be making money as an online tutor!
Another option for tutoring online is Education First.
This is an online education company that specializes in language training, educational travel, academic degree programs and cultural exchanges.