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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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Published on November 20, 2018

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The Best Ways to Save Money Even Impulsive Spenders Can Get Behind

The truth is, there are many “money saving guides” online, but most don’t cover the root issue for not saving.

Once I’d discovered a few key factors that allowed me to save 10k in one year, I realized why most articles couldn’t help me. The problem is that even with the right strategies you can still fail to save money. You need to have the right systems in place and the right mindset.

In this guide, I’ll cover the best ways to save money — practical yet powerful steps you can take to start saving more. It won’t be easy but with hard work, I’m confident you’ll be able to save more money–even if you’re an impulsive spender.

Why Your Past Prevents You from Saving Money

Are you constantly thinking about your financial mistakes?

If so, these thoughts are holding you back from saving.

I get it, you wish you could go back in time to avoid your financial downfalls. But dwelling over your past will only rob you from your future. Instead, reflect on your mistakes and ask yourself what lessons you can learn from them.

It wasn’t easy for me to accept that I had accumulated thousands of dollars in credit card debt. Once I did, I started heading in the right direction. Embrace your past failures and use them as an opportunity to set new financial goals.

For example, after accepting that you’re thousands of dollars in debt create a plan to be debt free in a year or two. This way when you’ll be at peace even when you get negative thoughts about your finances. Now you can focus more time on saving and less on your past financial mistakes.

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How to Effortlessly Track Your Spending

Stop manually tracking your spending.

Leverage powerful analytic tools such as Personal Capital and these money management apps to do the work for you. This tool has worked for me and has kept me motivated to why I’m saving in the first place. Once you login to your Personal Capital dashboard, you’re able to view your net worth.

When I’d first signed up with Personal Capital, I had a negative net worth, but this motivated me to save more. With this tool, you can also view your spending patterns, expenses, and how much money you’re saving.

Use your net worth as your north star to saving more. Whenever you experience financial setbacks, view how far you’ve come along. Saving money is only half the battle, being consistent is the other half.

The Truth on Why You Keep Failing

Saving money isn’t sexy. If it was, wouldn’t everyone be doing it?

Some people are natural savers, but most are impulsive spenders. Instead of denying that you’re an impulsive spender, embrace it.

Don’t try to save 60 to 70% of your income if this means you’ll live a miserable life. Saving money isn’t a race but a marathon. You’re saving for retirement and for large purchases.

If you’re currently having a hard time saving, start spending more money on nice things. This may sound counterintuitive but hear me out. Wouldn’t it be better to save $200 each month for 12 months instead of $500 for 3 months?

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Most people run into trouble because they create budgets that set them up for failure. This system won’t work for those who are frugal, but chances are they don’t need help saving. This system is for those who can’t save money and need to be rewarded for their hard work.

Only because you’re buying nice things doesn’t mean that you’ll save less. Here are some rules you should have in place:

  1. Save more than 50% of your available money (after expenses)
  2. Only buy nice things after saving
  3. Automate your savings with automatic bank transfers

These are the same rules that helped me save thousands each year while buying the latest iPhone. Focus only on items that are important to you. Remember, you can afford anything but not everything.

How to Foolproof Yourself out of Debt

Personal finance is a game. On one end, you’re earning money; and on the to other, you’re saving. But what ends up counting in the end isn’t how much you earn but how much you save. Research shows that about 60% of Americans spend more than they save.[1]

So how can you separate yourself from the 60%?

By not accumulating more debt. This way you’ll have more money to save and avoid having more financial obligations. A great way to stop accumulating debt is using cash to pay for all your transactions.

This will be challenging, depending on how reliant you are with your credit card, but it’s worth the effort. Not only will you stop accruing debt, but you’ll also be more conscious with what you buy.

For example, you’ll think twice about purchasing a new $200 headphone despite having the cash to buy them. According to a poll conducted by The CreditCards.com, 5 out of 6 Americans are impulsive spenders.[2]

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Telling yourself that you’ll have the discipline to not buy things won’t cut it. This is equal to having junk food in your fridge while trying to eat healthy–it’s only a matter of time before you slip. By using cash to make your purchases, you’ll spend less and save more.

A Proven Formula to Skyrocket Your Savings

Having proven systems in place to help you save more is important, but they’re not the best way to save money.

You can search for dozens of ways to save money, but there’ll always be a limit. Instead of spending the majority of your effort saving, look for ways to increase your income. The truth is that once you have the right systems in place, saving is easy.

What’s challenging is earning more money. There are many routes you can take to achieve this. For example, you can work long and hard at your current job to earn a raise. But there’s one problem–you’re depending on someone else to give you a raise.

Your company will have to have the budget, and you’ll have to know how to toot your own horn to get this raise. This isn’t to say that earning a raise is impossible, but things are better when you’re in control right? That’s why building a side-hustle is the best way to increase your income.

Think of your side-hustle as a part-time job doing something you enjoy. You can sell items on eBay for a profit, or design websites for small businesses. Building a side-hustle will be on the hardest things you’ll do, be too stubborn to quit.

During the early stages, you won’t be making money and that’s okay. Since you already have a source of income, you won’t be dependent on your side-hustle to pay for your expenses. Depending on how much time you invest in your side-hustle, it can one day replace your current income.

Whatever route you take, focus more on earning and save as much as possible. You have more control than you give yourself credit for.

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Transform Yourself into a Saving Money Machine

Saving money isn’t complicated but it’s one of the hardest things you’ll do.

By learning from your mistakes and rewarding yourself after saving you’ll save more. What would you do with an extra $200 or $500 each month? To some, this is life-changing money that can improve the quality of their lives.

The truth is saving money is an art. Save too much and you’ll quit, but save too little and you’ll pay for the consequences in the future. Saving money takes effort and having the right systems in place.

Imagine if you’d started saving an extra $100 this next month? Or, saved $20K in one year? Although it’s hard to imagine, this can be your reality if you follow the principles covered in this guide.

Take a moment to brainstorm which goals you’d be able to reach if you had extra money each month. Use these goals as motivation to help you stay on track on your journey to saving more. If I was able to save thousands of dollars with little guidance, imagine what you’ll be able to do.

What are you waiting for? Go and start saving money, the sky is your limit.

Featured photo credit: rawpixel via unsplash.com

Reference

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