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How to Make Money Online in 2017

How to Make Money Online in 2017

According to Google, millions of people will search for how to make money online in 2017. Has the market been saturated? If not, where can you start, and what knowledge do you need? Here’s the answer.

There are endless opportunities to earn money on the internet. Thousands of new products and businesses will enter the market, and customers are constantly looking for solutions to their problems. That spells growing methods and ways to get paid and do what you love.

The best part of all is that virtually anyone can do it. If you have access to an internet connection (even at Starbucks) and a computer or mobile phone, you have pretty much every tool you need. Here’s why.

Trends are in your favor. Below, you’ll find a short description of different areas where you can start to earn money from home now. Many of them will allow you to generate a full-time income, and some provide more short-term benefits. They cover the gamut:

Employment. You can be your own boss and be self-employed. You will also find jobs online, based on your skills and willingness to learn. There are quick and free ways to generate cash, as well as opportunities to start a growing full-time career.

Business and investing. You can prosper online. There are thousands of people who started online with no knowledge or money and built successful companies and businesses.

We’ll reveal the top 7 ways to earn money online in this article. Some of them will surprise you, but we’ll cover the most obvious ones first. Let’s get started.

1. Online Surveys

This avenue is deceptively simple. Often, companies will give away products and even cash for valuable consumer information. But can you get paid for sharing your preferences?

Yes. In fact, this data is so useful and valuable to politicians that it can impact their entire campaigns. A single poll, which changes a single word or phrase in an advertisement, press release, or political speech, can mean massive profits. You can make money this way.

Taking online surveys won’t realistically give you massive amounts of monthly income. It’s something to consider. Attracting people who are willing to fill out a survey in exchange for a free offer is another way to get paid.

2. Become a YouTuber

YouTube’s content is as diverse as its audience. Videos are curated and suggested based on what a person likes to watch. In fact, it’s one of the reasons it’s been so successful.

It’s been estimated that 4 billion videos are viewed on YouTube daily! In short, there’s a huge opportunity there, and it continues to expand. Here are a few ways to make money online in 2017 as a content creator:

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Ad Revenue. You can choose to activate ads on your videos. Based on views, watch time, your subscribers, and other factors, your videos will generate ad revenue.

Sponsorship. As you know, businesses are constantly looking for effective ways to reach and expand their customer base. One way of doing this is to pay YouTube creators that align with what they offer for exposing their audience to a marketing message, product, or service. This adds to their brand awareness and provides a way for them to generate sales.

Finding and working with a sponsor may not be obvious. You could reach out to companies that sponsor similar channels to yours. Or, if you create content about board games, for example, reach out to board game companies and offer to create content based on their product.

GrapeVineLogic.com is an example of a “brokering” site that connects YouTubers to companies actively seeking to sponsor videos. LootCrate is a popular example of a company that sponsors a wide variety of creators on different platforms, from YouTube and Twitch to Facebook and Instagram.

Social Marketing Campaigns. Successful eCommerce startups, especially with people looking to work at home and make money online in 2017, integrate social media. YouTube is a prime example.

Let’s say you decide to sell portable jump starters. You could create a YouTube channel for that product line and use it to boost your store in the Google search engine. You could also generate sales this way.

While eCommerce is a much deeper subject that requires knowledge and hard work, it can be very lucrative. Millions of products are available right now, and the opportunity is ripe for the plucking.

3. Binary Options Trading

Yes, you can learn how to make money online in 2017. Investing via a binary options trading platform is a legitimate and effective method, provided you gain a little knowledge.

It also takes a different mindset. Binary options strategies are a unique way of investing money and seeing a return. Here are a couple of basic strategies:

(Triangular) Arbitrage. Warning: this refers to complex information. If it doesn’t make sense, don’t worry! It’s easier than it seems.

There are hundreds of worldwide currencies. Based on the economy and other factors, they change in value. For example, 100 Yen is not equal to 100 USD. Here’s the method:

Currency values change very rapidly. Triangular arbitrage is a big word meaning “to take advantage of incorrect exchange rates.”

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For example, the exchange market might report that 100 Yen is worth 75 US cents when it’s worth 90 cents. You then exchange 1000 USD for Yen and make an instant profit from the inaccurate exchange rate (1000 USD -> 133,333 Yen).

But if you traded it back to USD, you’d have the same amount that you started with, minus fees. Instead, you trade your Yen for euros. All other exchange rates are accurate. Therefore, you can trade back for USD (133,333 Yen -> 1,200 USD).

In this example, you just made $200 minus fees.

Investing in Currencies. This requires significant knowledge. While triangular arbitrage is much simpler, it also means scanning the market for opportunities and quick action. Here are some benefits of Strategy #2.

First is leverage. This applies to both strategies. In basic terms, money lenders will have better terms for binary options traders because it means little risk. The more money you invest, the higher your potential profit.

Second is control. It involves studying worldwide economies and elements that impact the rise or decline in currencies (industry, politics, technology, etc.). While making money online in 2017 with this method may take much more knowledge, you can start small.

If you do make some mistakes, you’re not likely to lose much money. The more consistent you are with your successful trades, the more profitable your trading career will be.

4. Affiliate Marketing

This is one of the easiest methods to build a business online. In simple terms, companies selling a product or service may create an affiliate program. Anything from network marketing opportunities to selling products on Amazon can be included. Here’s the gist.

Your job is basically to generate sales for one or more company. They’ll reward you with a commission based on the sales you make. The way you make sales is to direct the right traffic to your offer and convert as much as possible into sales.

Getting started is easier than it appears. Here are a few tools you to become aware of:

Articles. These are long-form texts that provide information and often a sales process to readers. Put a link to your social content and your affiliate sales page in your article to improve your search marketing (you’ll learn about that in the next way to earn money online in 2017).

You can submit an article to things called “article directories.”

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Article directories will expose your articles to different places on the internet. The benefit to this is sharing your links within them, and also getting people to read your article.

Blogs. These are short-form multimedia/weblog platforms. You can use them to complement your articles. You can also connect them to your social media content by linking and adding things like videos to your blog posts.

Social Media Content. Videos, tweets, Instagram posts, and other content is another way to direct links back to your sales page.

Research affiliate offers. It could be a website that provides how-to videos for a membership fee, or a crib mattress being sold on Amazon.com, for example. Look through their affiliate programs and compare their terms.

Research your market. This is an in-depth and dynamic field. Very valid information can be found online. But the basics are to study the demand, competition, pricing, and other factors for each product or service. Then, join an affiliate offer.

5. General Online Marketing

As you know, there are various ways to market online. In the following sections, we’ll discuss blogging and email marketing, and more ways to make money online in 2017. For now, just know this general overview:

Search Marketing. This is where you use search engines (like Google) to promote a website page. The more positive exposure Google gets from your page, the greater profit you can make. Here’s why.

Many people search Google with intent to buy something. Essentially, you’re focusing on those people who are looking to make a purchase, and not just for information.

When someone types in a particular keyword, your page should show up in first place for best results. This is where articles, blogs, and social media content comes in handy.

Social Marketing. This involves blogs and other social media platforms, like YouTube, Twitter, Instagram, Facebook, and others. Like search marketing, you want your content to be first in front, based on what they’re looking for.

In short, this serves those who are looking for information. It can help generate sales and bring your website page (search marketing) closer to first place on Google.

6. Email Marketing

You can sell products to people on something called an “email list.” This means a list of emails that you’ve collected from people who are interested in buying a type of product or service. Here’s an easy example.

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Let’s say you run a gardening information site. You can ask people for their email addresses and promise to deliver a free piece of content that they’ll love. Later on, you can offer them gardening products. They’ll be more likely to buy than emails collected from a site about baking cookies and pies.

You can also expose your email list to another person’s offer. In exchange for every click on their offer, each sale made, or even an up-front commission, another business will pay you for this privilege.

In fact, successful eCommerce businesses use email marketing on a regular basis to keep their existing customers informed and exposed to their products and services.

7. Freelancing

If you’re looking for how to make money online in 2017, but you have no money or knowledge, this is a perfect place to start. Here’s why.

You’ll learn as you earn. For example, you can work as a writer and provide people with articles, sales scripts, and more advanced forms of writing. Based on your sales ability and other skills, your ability to gain knowledge and earn money is virtually endless.

In addition, you’ll work directly with experts at making a living on the internet. You can start at the bottom and work your way up. You’ll be exposed to other successful business owners and freelancers.

Here are a few more ways to make money by freelancing:

  • Proofreading and editing.
  • Being a professional voice actor.
  • Creating video content.
  • Managing website analytics.
  • Market research.
  • Providing Search Engine Optimization (SEO) Services for websites and web pages.
  • Website design.
  • Programming and software review.
  • Customer service (telecommunication).
  • Legal/Accounting Services.

There are virtually infinite options. You could join online marketing forums and see which problems marketers want to be solved. Check out freelancing sites and look at the various skills that people are hiring for on the internet.

Do you have a college or university degree? You could tutor students online via Skype and market your service via the methods we’ve revealed. Taking a step back to really look at the skills you already have to offer can lead you to even more opportunities.

At the end of the day, learning how to make money online in 2017 is a matter of discovering what you’d love to do and how it could solve the problems of others.

Featured photo credit: money/https://picjumbo.com/euro-coins-close-up via picjumbo.com

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Last Updated on January 2, 2019

How Personal Finance Software Helps You Get More Out of Your Money

How Personal Finance Software Helps You Get More Out of Your Money

Do you know what mental health experts point to as the biggest cause of stress in the United States today? If you said “money,” then ding, ding, we have a winner!

Three out of four adults today report feeling stressed out about money at least part of the time. People are either worried about not having enough money or whether they’re putting the money they do have to use in the best possible way.

Your money is either in charge of you or you’re in charge of it, there’s no middle ground. Using some type of personal finance software can help alleviate some of that money stress and better allow you to manage your money effectively. Without it, you may just be setting yourself up for constant financial worry. Life is already tough enough and there’s no need to make it more difficult by simply hoping your money issues will all work out in your favor. Hint: they won’t.

This guide will help you to understand how personal finance software can better assist with both accomplishing long term financial goals and managing day-to-day aspects of life.

Whether it’s tracking the savings plan for your child’s college fund or making sure you won’t be in the red with the month’s grocery budget, personal finance software keeps all this information in one convenient place.

What Exactly is Personal Finance Software?

Think of it like the dashboard in your car. You have a speedometer to tell you how fast you’re going, an odometer to tell you how far you’ve traveled, and then other gauges to tell you things like how much gas is in the tank and your engine temperature. Personal finance software is essentially the same thing for your money.

When you install this software on your computer, tablet, or smartphone, it helps to track your money — how much is going in, how much is going out, and its growth. Most personal finance software programs will display your budget, spending, investments, bills, savings accounts, and even retirement plans, levels of debt, and credit score.

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How It Leads to Financial Improvement

It shouldn’t come as a surprise, but people who regularly monitor their finances end up wealthier than those who don’t. When you were a kid, keeping track of all of your money in a porcelain piggy bank was pretty easy. As we get older, though, our money becomes spread out across things like car payments, mortgages, retirement funds, taxes, and other investments and debts. All of these things make keeping track of our money a lot more complicated.

Some types of personal finance software can help make things a little less complicated, setting you up to meet financial goals and taking away some of the stress associated with money.

Even if you already have a Certified Financial Planner (CFP) some type of personal finance software can be of great benefit. Whereas CFPs focus on the big picture of your money, they don’t handle the day-to-day aspects that determine your overall financial health.

It’s also not nearly as complicated as you might think and can take out a lot of the tedium that comes with doing everything on an Excel spreadsheet or with a pad and pencil.

Types of Personal Finance Software

When it comes to personal finance software, it generally fits into two categories: tax preparation and money management.

Tax preparation software such as Turbo Tax and H&R Block’s software can help with everything from filing income taxes to IRS rules and regulations and even estate plans. Plus, there’s the benefit of filing online and getting your refund check a lot faster than if you were to mail off your forms after waiting in line at the post office.

For the purpose of this article, however, will be focusing more on the personal finance software that aids with money management.

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Money management personal finance software will help you to see the health of your cash flow, pay down debt, forecast for expenses and savings, track investments, pay bills, and do a host of other things that 30 years ago would have practically required a team of accountants.

When to Use Personal Finance Software

So far we’ve gone over what exactly personal finance software is and how it can be a benefit to your money. The next logical step in this whole equation is determining when it should be used and how is the best way to go about getting started using it.

Below are four of the most common and practical ways to use personal finance software. If all or any of these apply to you and your money, then downloading some type of personal finance software is going to be a smart move.

1. You Have Multiple Accounts

There’s a good chance that when it comes to your money, it’s in more than one place. Sure, you probably have a checking account, but you may also have a savings account, money market account, and retirement accounts such as an IRA or 401k.

If you’re like the average American, you probably have two to three credit cards as well. Fifty percent of Americans also don’t have loyalty to just one bank and spread their money across multiple banks.

Rather than spending hours typing in every detail of every account you have into a spreadsheet, many programs allow you to easily import your account information. This will help to eliminate any mistakes and give you a bird’s eye view of everything at once.

2. You Want to Automate Some or All of Your Payments

Please don’t say that you’re still writing out paper checks and dropping each bill in the mailbox. While it’s noble that you’re doing your part to keep postal workers employed, we’re 18 years into the 21st century and you can literally pay every bill online now.

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There’s no need to log into every account you have and type in your routing number either.

With personal finance software you can schedule automatic payments and transfers between all of your imported accounts. Automatic transfers will help to make sure you have the necessary funds in the right account to ensure all bills are paid on the appropriate date. Late fees are annoying and do nothing but cost you money. It’s time that you said goodbye to them once and for all.

3. You Need to Streamline Your Budget

Perhaps the best feature of personal finance software is that it allows you track everything going in and out of your virtual wallet.

Nearly every brand of personal finance software out there has easy-to-read graphs and charts that allow you track every cent you spend or earn, should you choose. You might be pretty amazed when you see just how much you spent on eating out last month or if you splurged a little more than you should have on Christmas gifts last year.

Every successful business on the planet has a budget and using personal finance software can help you trim the fat on your spending in ways that affect your everyday life.

4. You Have Specific Goals to Meet

Maybe it’s paying off debt or saving for up something like a European vacation. Whatever your financial goal is, whether it’s long-term or short-term, personal finance software programs are one of the savviest ways to go about reaching those goals.

You can do everything from set spending alerts to notify you when you’re over budget to automating what percentage of your paycheck goes to things like retirement investments. The personal finance software that you choose should show you exactly how close you are to hitting those goals at any given time.

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How to Get Started

From AceMoney to Mint and Quicken, there ’s no shortage of personal finance software apps out there. Many of these programs are free to download and will allow you to pay bills, invest, monitor your net worth and credit profile, and even get a loan with the swipe of a finger.

Other programs may only offer you limited services and will require a one-time fee or subscription to unlock all that they offer. These fees can often vary from as little as two dollars to 50 bucks a month.

It’s best to start off with the free version and then gauge whether you’re able to accomplish everything you’d like or if it’s worth exploring one of the paid options. Often times the subscription programs come with assistance from financial planning and investment experts — so that can be a real benefit.

When deciding which personal finance software program to use, it’s also important to look at how many accounts you wish to monitor. Certain programs limit the number of accounts you can add. Be sure that if you have checking, credit card, and investment accounts to monitor, that you choose a service that can monitor them all.

Finally, when looking around for the right personal finance software that meets your needs, make sure that you’re comfortable with the program’s interface. It shouldn’t be expected that you recognize every single feature instantly, but if the features don’t seem readable and manageable to you, then you’re not as likely to use it and get the full benefits.

Final Thoughts

Personal finance software can go a long way in helping you to take control of your money and meeting your financial goals. It’s important to note, however, that some focus more on budgeting and expense tracking while others prioritize investing portfolios and income taxes. Explore several different programs and read reviews to find the one that’s right for you.

In this day and age, managing one’s personal finances in a secure manner that allows the user to have a real-time visual representation of their money is easier than ever before. With the numerous applications that are out there — both free and subscription-based — there’s no reason that every person can’t take control of their money and ensure they’re making smart money moves.

Featured photo credit: rawpixel via unsplash.com

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