How To Start Online Trading In Financial Markets

So you want to start online trading in the financial markets. Before starting, it is important that you consider all of the factors that will be mentioned below. These tips and tricks are aimed at making your life easier when starting with online trading in general and being successful at it.

Get A Regulated Forex Broker

When you start online trading in the financial markets, one of the things you should make sure of before doing anything is that your Forex broker is regulated. Why is this crucial? It’s because if you don’t have Regulated Forex Brokers chances are they won’t be around for very long and they can run away with all your funds. This means that at any given point they will shut down their company and disappear into thin air. 

Practice Makes Perfect

Once you begin with online trading in any kind of financial market, it is important to know that practice makes perfect. The more you do something and get accustomed to it, the better you will become at it and with time you will find out that most or even all aspects of the financial market, whether it is Forex or other, will be easier to deal with.

Never Invest More Than You Can Afford To Lose

This may sound like an obvious thing to do but people tend to forget that there are many risks involved when doing any kind of online trading in the financial markets. It doesn’t matter what type of investment you choose or which financial markets you prefer; there will always be risks involved so never risk money that you cannot afford to lose.

Control Your Emotions

Online trading in the financial markets has a very volatile nature and because of this, it’s not easy at times to stick with your investments without wanting to change things up all the time. The best way to handle these emotions is to try and control them in order for you not to lose your investment funds.

Stay Updated With The Financial News And World Affairs

In order for you to have a better grasp on things, being updated with the financial news and understanding what is going on in the world will make a big difference when it comes to online trading in the financial markets. This way you’ll be able to monitor your investments more efficiently and see if there are some events that may affect the outcome positively or negatively. For example, knowing about political affairs can help bring more confidence in your investment decisions while knowing how wars flow usually doesn’t bode well for making good decisions with your money. In this case, it’s all about doing thorough research before deciding on anything regarding how to start online in the financial markets. 

Education Is The Key

Last but certainly not least, education should play a major part in any online trading endeavor you take up. Make sure that the financial markets are something that interests you and gets yourself educated so that you can learn all of the ins and outs of the Forex, etc. All this will do for you is give you more knowledge about everything which will help you throughout your trading career! So what are you waiting for? Get educated today and start trading online!

As you can see, starting online trading in financial markets is easy as long as you take the necessary precautions and follow all of the tips and tricks mentioned above. What matters most is that with time you will become accustomed to your chosen platform or method until it becomes second nature. Keep up with everything that’s going on around you and don’t be afraid to learn more because by doing so, success will come naturally later on!

7 High Commission Crypto Lottery Affiliate Programs to Consider

Online lottery is a billion-dollar industry and is estimated to be USD $3 billion in the next few coming years. The USA alone accounts for nearly 30% of the global market share, followed by China.

Considering its massive size, one can understand why many consider this business a tool for financial freedom. And once you throw internet, mobile and app usage into the mix, these numbers can grow ever further and at much faster rates!

Making money from the lottery is not so easy and is purely speculative in nature. But one can always make money through its derivative form, and that is by earning from a lottery affiliate program. For this to happen, one only needs a website, marketing zeal, and signing up with the best online lottery affiliate program and start earning. 

With all of that being said, today we are going to highlight 7 of the best lottery affiliate programs in the market today, while also highlighting the commission structures and benefits of each.

Crypto Millions Lotto Affiliate Program

Crypto Millions Lotto is the world’s largest digital lottery platform and operates in more than 180+ countries around the world. This platform is based on blockchain and offers an innovative and high-tech secure experience for the players.

The site also has an app option that allows anyone to play 24/7, anywhere in the world. And in addition to normal lotto games and tickets, they also have some amazing grand prizes that also act as a bonus for affiliates as well.

It’s quite easy to sign up to the Crypto Millions Lotto affiliate program, and it also comes with many great features and benefits, such as the ones listed below.

  • A dedicated Account manager
  • All the transactions are done in Bitcoins.
  • 24/7 support services by phone, email, or chat
  • Comprehensive marketing materials 
  • Commission paid directly into the affiliate Bitcoin wallet.
  • Attractive commission pay-out as per slabs. The pay-out slab structures to affiliates are broken up as 
  • 5% up to $2000 Bitcoin equivalent on monthly sales 
  • 30% between $2000 and $ 5000 Bitcoin equivalent monthly sales
  • 35% $5000 Bitcoin equivalent monthly sales
  • Additional 5% bonus if one’s referral wins a jackpot lottery 
  • One of the fastest pay-out services with daily and monthly pay-out options.  
  • Maximum transparency with no hidden fees. One can withdraw commissions not less than 0.0003 Bitcoin.

TheLotter Affiliate Program

This affiliate is TheLotter’s own affiliate program and named simply after it for better brand awareness. TheLotter is considered the online lottery industry pioneer, having started in 2002 and considered extremely popular today.

To date, the site has paid out more than $100 million to over 6 million winners globally.  The highlight of this lottery is that they have a high lifetime value per player, making them a perfect affiliate program partner for a long tenor.

To learn more about TheLotter affiliate program, be sure to check out their features below.

  • One can start the affiliate marketing immediately after sign up 
  • The program assigns a dedicated affiliate account manager
  • Commission pay-outs are quick with no hidden fees
  • One can choose between the CPA method or Revenue Share or a customized Hybrid Payment Options.
  • No limit to the number of referrals. Higher business can get better deals from an account manager.
  • The platform has an in-depth statistics dashboard with referrals, sales details, traffic details, training materials, etc.
  • The commission is paid through multi-channels such as PayPal, Web Money, Web Money, or Bank Transfers.
  • 24/7 support from the platform via email, phone, live chat, and Skype.
  • Multiple helpful marketing tools like banners in different languages, video ads, widget and pop ups.

Lottery Partner Affiliate Program

This lottery started in 2012 in the name of Lotto Agent and among the top-ranked lottery sites. In addition, they offer their affiliate program in the name of Lottery Partner.

Like many other affiliate programs, USP Lottery partner program comes with it’s own payout structure and benefits. You can see a detailed list of them below.

  • Commission pay-out is high at around 10-20% of the revenue share, which works out to $15 or more for the CPA model.
  • Option to choose between CPA, Revenue Share, or a unique Hybrid Plan.
  • Commission pay-out is instant after a referral buys a ticket and low withdrawal threshold of $30.
  • Detailed performance metrics available  
  • Works on various devices, including mobile.
  • Provides Multilingual interface on various devices including mobiles  
  • Range of marketing materials and tools provided in 8 different languages.
  • Pay-out as per one’s choice through PayPal, Web money, or Skrill.
  • Offers referral links as text links or HTML ads.

LottoElite Affiliate Program  

The LottoElite affiliate program promotes multiple lottery sites such as LottoKings, WinTrillions, Trillionario (Spanish version of WinTrillions), and   BuyLottoOnline. With so many choices, this affiliate program has more advantages than other lottery affiliates. For example, one can customize a marketing campaign for a specific audience.

If you’d like to learn more about the many features and benefits of joining the LottoElite affiliate program, take a moment to view the notes below.

  • Commissions range from 10-15% in the revenue sharing model. For the CPA model, commissions range from $35-$45 for the WinTrillions lottery and $10-$14 for the LottoKings lottery.
  • Additional commissions if referrals participate in Instant Win games.
  • Real-time statistics of sales and traffic available.
  • Reach out to a wide audience with Marketing materials in 14 languages
  • Commission pay-outs via bank transfer, PayPal, Pioneer or Skrill.

MultiLotto Affiliate Program 

The MultiLotto lottery has a host of playing options such as Mega Millions, US Powerball, EuroMillions, and SuperEnaLotto and interactive casino games.  They also offer a Bitcoin jackpot with grand prize money of 1000 Bitcoins.

In addition, the MultiLotto affiliate program is lucrative as it enables one to market various products from a single platform. For all features and specs, take a look at the breakdown below.

  • High commission rates. One can earn up to 50% on the Revenue Share model.
  • Monthly pay-outs of commissions.
  • No negative carry forward to the next month. An affiliate can start every month with a clean slate.
  • Dedicated account manager.
  • Customized promotional offers for the target audience.
  • Detailed real-time statistics dashboard such as the number of clicks, referrals, sales, and more.
  • Commission paid via MasterCard, Visa, Neteller, etc.
  • No withdrawal threshold of the commission amount
  • Provide marketing tools like banners, landing pages, and customized offers for customers. 

Lottoland Affiliate Program

Lottoland is a lottery betting site offering as many as 33 lotteries, a wide range of interactive games, and several syndicates. One can bet on the outcome of games like US Powerball or Mega Millions or scratch card and video slots.

With its many lotto games and promotions in place, the Lottloand affiliate program comes with many different features and benefits for their site partners. You can view a list of them below.

  • Commission   is based on Revenue Share or CPA model 
  • Revenue share has a high commission of 25-35% and paid out by the 15th of every month
  • Access to a range of marketing tools.
  • Offers customized promos for the audience.
  • Commission paid through  Neteller, Skrill, or wire transfer.
  • Provide a variety of marketing tools to affiliates
  • Wide range of bespoke HTML5 banners and text links, 

MyLotto (LottoMatrix) Affiliate Program

MyLotto is a well-known affiliate program for jackpot.com. Jackpot.com was formed in 2016 and offers an extensive range of lottery and betting services. The lottery platform provides access to international lotteries worldwide.

This site also offers scratch cards and popular casino games like roulette, blackjack, and poker, etc. Jackpot.com is licensed by the Maltese Gaming Authority and the Irish Excise Office and provides a safe and regulated gaming offering.

To learn more about the MyLotto affiliate program, also take a moment to check out the listed benefits below.

  • No fees for joining 
  • Guaranteed commission based on revenue share and CPA model
  • Lottery sites are monitored by Malta Gaming Authority
  • Timely payouts to affiliates once a month by the 25th of the following month.
  • Commissions are paid via Wire Transfer, and the minimum payout value is €100. 
  • Offers affiliates a wide range of creative marketing tools for different marketing campaigns, including banners, text links, and more.

How to Make the Most Money with Lotto Affiliate Programs

As we all know, the entertainment and gaming industry is one of the largest in the world — collectively generating billions of dollars daily across all means and markets. And with this type of play and activity going on, there is plenty of money and affiliate commissions to go around.

To take advantage of the many opportunities in this space, we recommend getting started with any of the lottery affiliate programs listed above, while also checking out this list of additional crypto affiliate programs as well.

Each is unique in their own way and can help affiliates earn extra income as they provide some of the highest commissions and excellent support services to the affiliates.

Secondly, with product versatility and global reach of nearly all of the above lottery affiliate programs, this enables site partners and marketers to easily market numerous products to specific audiences with high conversion success.

As with all affiliate programs, put in the time and effort to plan out your campaign and marketing, and then continually work on getting it in front of the best target audience. With these working methods in place, there is no reason why you can’t be making a few extra hundred or even thousands of dollars per month as an affiliate.

5 Creative Ways to Make Money Online in 2021

If you are tired of the drudgery of a 9 to 5 job or if you are simply wanting to make some extra money on the side, there are some easy and cool ways you can do so online.

And even better, with the would now in a much different situation than it was just a few years ago, we are all now more connected than ever before. This also means it’s much easier to start a business online, or even learning how to get your side hustle going in your spare time.

With all of this in mind, today we are going to highlight some of the most interesting, effective and creative ways to use the internet to line your pockets with cold hard cash.

Become A Dropshipper

Everyone is shopping online, and only a small portion of it is actually taking place on Amazon.com. There are millions of well-known brands selling their products online, and even more sellers that have their own dropship ecommerce stores (often powered through Shopify).

Dropshipping has become all the rage these days as a way to make money on online auction or retail sites. If you are really feeling entrepreneurial, you can even open up your own shop and dropship from there.

With so much attention on dropshipping, the need for custom programming and site design is no longer an issue. Most of the sites are now powered through drag and drop platforms, while simply connecting different applications and reporting systems — which talk to each and work directly with different dropshippers throughout the world.

No matter what platform you decide to use, dropshipping is a great way to sell a lot of products without actually having to keep them in stock.

Printing On-Demand

Another great way to make money online is to partner with a print-on-demand service. If you are artistic, you can advertise your designs or artwork and let people order them on virtually any kind of product you can imagine.

Whether it be something as simple as a t-shirt or a coffee mug or something more unusual such as oven mitts or beverage coasters, you can make money with designs that you come up with yourself.

In fact, even Amazon is now in on the POD action, and they are printing and shipping out millions of shirts, books and other items on a daily basis — all while paying out millions of dollars their content and product creators.

The biggest benefit with print on demand, is that there is no inventory to hold — but you will need to spend a decent amount of time, money and effort on the marketing to bring in new customers and sales.

Even if you are not a graphic designer or artist, you can market popular catchphrases that are not trademarked and take advantage of pop culture.

Flipping Classic Cars

Believe it or not, but people are now searching and buying cars through the internet as well! With more customers making their searches and purchases online, this can lead to new business opportunities for anyone looking to get into this industry as well.

If you already have a little bit of money set aside, you can make a little extra flipping classic cars online. The easiest way to do this is to scour through any online car auction and look for classic cars that need a bit of work to be put into them.

This can take some time, work and effort, but if you enjoy the idea of fixing them up to good or great working conditions, you can sell them at a decent  profit. While this online money-making method requires more work than do the others, it also has the potential to make the most money and is definitely something that could be scaled out over time.

If you do not have any skill with repairing cars, you can always part the car out by disassembling the car and selling the parts individually.

Blogging

The world of blogging is growing daily. There are now more than a billion active websites on the internet today, and more than 300 million of them are blogs, and being powered through the free WordPress CMS platform.

The important thing to know about blogging, is that it’s extremely fast, easy and affordable to get started with. However, it’s also one of the slower methods for making money online, as you will be starting a site from scratch and will need to generate traffic through Google and social media in order to make any real money.

While you won’t directly make money from your writing unless you charge access to it, you can make money via advertising and affiliate links.

For this to work, you simply write about products or services and make recommendations about them. Throughout the blog, you can provide links to the actual things you are writing about and you make a commission for each sale that results from someone following your link.

While each individual commission fee may seem small, they can add up quickly.

Online Videos

Many people have found their calling by posting videos of themselves on online video websites and through the use of social media platforms like Instagram and TikTok. Whether they are providing tips on how to beat video games or reviewing movies or video games, people flock to the streaming content.

And if you need a few ideas and examples of what’s possible, just take a look at any of these top IG influencers that are generating millions of views, clicks and shares every month. Even better, some of the top micro-influencers are generating thousands of dollars per social update through the use of sponsored content.

When you achieve a high enough viewership level, you can qualify to have ads played in your video which subsequently earns you money. This works the same as television shows operate. The potential for income can be quite significant.

The Most Creative and Effective Ways to Make Money Online

With billions of people now online and searching for new content and services through Google and social media on a daily basis, it’s no wonder why more people are using the internet to make money from anywhere.

No matter which of the methods above seem most interesting to you, the most important thing for you to do is get started. Take a moment to read through each of the business opportunities above, and then do a little more research on each.

Don’t just go live with your new business idea right away, research it first! It’s extremely important to make sure you have a business model in place to make sure your products, site or services stand out from the crowd and are better than what’s currently out there.

It’s also just as important to have a solid marketing plan in place — whether that be through organic free traffic from Google (SEO), or using paid ads to start attracting new audiences right away.

Billions of dollars are generated weekly through the power of the internet. If you are still sitting on the sidelines, right now is the best time to get started!

Top Investment Trends and Investing Methods for 2021

As entrepreneurs and business owners, we’re always paying attention to the many different and exciting ways to make our money work for us at all times.

With savings accounts and bank interest near all time lows, the thought of putting your money in an interest savings account or even a CD, isn’t just ‘old school’… it’s as a method that won’t really make you that much money at all.

According to the FDIC, the national average interest rate on savings accounts currently stands at around a horrible low 0.04% APY. With this applying to both average and jumbo deposits, it just makes the concept of putting money away in a bank account even worse.

If you had $100,000 sitting in the bank, it would only be earning you around $400 per year off interest! And while I’d never consider myself a financial expert or want to tell you where to put your money, there are simply much better options out there for growth and higher earnings.

With all of this in mind, there are now more ways to put your money to good use, while also growing your investments and retirement money as well.

Here are some of the top investment trends and methods that are getting a lot of attention in 2021.

Personal Investing in the Stock Market

Year after year, the stock market is making people rich. Whether it’s through personal investments, retirement accounts or even playing your chances in the world of OTC stocks, money is there to be made.

And with the stock market continually increasing in value year after year, this is always a good strategy for long-term investing as well. As referenced in the chart below, the S&P 500 has been providing double-digit percentage gains in 3 out of the past 4 years!

And the great thing about investing in the market, is that it can be done through a retirement account, ETFs for bulk stock investing, or even on your own through the use of mobile and web based stock broker services.

In addition to earning money through good investments, you can also make some easy money right at the time of signing up for a new broker account.

There are also plenty of sites out there like Wethrift.com, that feature different discounts, coupon codes and promotions for many of the top investment applications and services online including Trade Ideas, Pocket Option and TransferWise.

With many so many different brokers offering cash bonuses after deposit, this is a simple way to immediately get a return on your investment over what a traditional interest savings account could offer. And if you have a lot of money to invest, try joining different platforms to take advantage of any new sign up bonuses they might have to offer.

Mobile Investing in Cryptocurrencies

Dogecoin, Bitcoin, Etherium… you name it, crypto is everywhere and it’s quickly getting more people in on personal finance and investing than ever before.

With so many different crypto applications and services out there, it’s extremely easy to open an account and get started with your first crypto purchases in no time.

And it’s not even a matter of knowing which application or service to use, it’s also about which crypto you want to invest in. Just take a look at the recent numbers of how quickly and fast some of the most popular cryptocurrencies are rising over the past several days and months — as provided by Cryptorank.

However, for as many success stories as you hear from the world of crypto and investing, there are a ton more of failure that you rarely ever hear about.

No matter what your thoughts and expertise is when it comes to crypto, it’s a super fast-paced world of financial trading that’s always worth getting better informed on.

Art Investments and NTFs

If you think the world of crypto is fast-paced and loaded with cash, wait until you see what’s going on in the new world of art and digital ownership!

NFT stands for non-fungible token,  and they are all the buzz lately, and some items are selling in the $40-$60+ million range… and that’s just for a digital file!

With so much attention on NTFs, it can quickly be overwhelming within just a few minutes time of research and figuring out how to get started. And if you’ve been an avid collector of comics or sports cards, you may enjoy investing in the world of NTFs even more than you might think!

To help with this process, we recommend you read through this article from The Verge, and through the short explainer video below.

Starting a New Business of Your Own

Want to make a great investment with your own money and in yourself? If so, there is no better way to put your money to good use, than investing in your own business.

With the internet now making it easier than ever before to get started with a business, website or blog of your own, you can spend a minimal amount of money to get up and running — while also potentially changing your personal and financial life for the better!

With so many different ways to start and run a business on the internet, this is one of the most obvious and best ways to put your money to good use.

How to Get the Most Out of Your Money and Investments

As with all things, the best ways to make money often come with a lot of time, work and patience. And if everyone knew what was going to make them the most money, it’s would exactly be investing… would it?

So with all of that in mind, when it comes to investing your hard earned money and attempting to build a better future for yourself and your family, it’s important to put a lot of time and effort into whatever decision you make.

Remember, nothing comes easy… and the majority of rags to riches stories you see and hear about, are often just a feel good story to get more attention and readers — and not normal scenarios.

Invest wise, and always invest in yourself!

A Better Understanding of the Cryptocurrency Market

With the ongoing craze in cryptocurrency trading, you might have been thinking about investing in it. However, the lack of knowledge about how this type of trade works and all the unfamiliar jargon just makes it a daunting industry to risk your money. Don’t worry; you are not alone. Everyone goes through that newbie phase and has to give themselves time to advance in the learning curve.

We’ll demystify cryptocurrency trading to give you a better picture of what you will be dealing with once you’re in the playing field.

What is Cryptocurrency?

First, let’s define the subject at hand to be on the same page. Cryptocurrency is a digital asset that’s being safeguarded from unscrupulous individuals through cryptography – an encryption technique used to hide and protect valuable data. This digital money is used to buy and sell goods and services but cannot be utilized for purchasing any commodity, like gold.

How do you buy and sell cryptocurrencies?

Buying and selling of cryptocurrencies are done online and does not require any identity disclosures. They are sold and being bought in virtual marketplaces called cryptocurrency exchanges. These entities act as the middlemen for crypto traders who want to buy or sell cryptocurrencies. There are many crypto exchanges out there. Some of them include Coinbase, CashApp, Binance, among many others. 

Getting started in cryptocurrency needs you to sign up to your preferred exchange, go through the two-way verification process and select your payment method. However, be careful in choosing your crypto exchange since there are bad apples among them. After signing up, you can now trade cryptocurrencies to your heart’s content.

How do you trade cryptocurrencies?

Before we dig into trading cryptocurrencies, you must first need to have a wallet to protect your cryptos. The wallet is kind of safe that stores your data, including your private key and public address to sell, buy, and hold cryptocurrencies.

  • Private key – is your access to use and send your cryptocurrencies.
  • Public address – the address where others can send you cryptos

Now, let’s get to business. Trading cryptocurrencies is not an exact science, and it needs patience and willingness to learn. 

You can start trading through the Atomic swap by which you trade your cryptos directly to another trader, also called peer to peer. When using the Atomic swap, you will have to decide together with the other trader a shared secret which will be validated upon an attempt to swap cryptos. If the secret matches, then you’re good to go. This is also to ensure that even if a third party wants to intervene, they will not get any of the coins because they are not in on the secret.

You can also trade cryptocurrencies via day trading. This is where people sell and buy cryptos several times in a day. Day trading takes skill but it’ll be worth it once you get the hang of it. Although you have to remember that cryptocurrencies are a highly volatile investment and it will take you down on a roller coaster ride once you start playing on it.

Understanding the World of Digital Cryptocurrency

Now that cryptocurrencies have been demystified and you understand a little bit about how it works, you can start the hard work. Research more on how to play the game. If you can, use demo accounts to dig deeper on how it really works.

Effective Tips to Reduce Your Financial Stress

Financial stress can lead to poor physical health, as well as delayed healthcare. It can also lead to mental health issues like depression and anxiety. These are all because of the challenges that you are constantly trying to overcome when it comes to your finances. In this case, the tips below may prove to be beneficial in helping you reduce your financial stress.

Evaluate Your Spending Habits

One of the primary things that you can do to reduce your financial stress is to evaluate your spending habits. This means that you need to have a good idea of where your money goes by tracking your expenses. In this case, it will help if you list down the amount that you spend and the item that you bought each time you make a purchase. Alongside this, also keep track of the other things that you spend money on such as your utilities, as well as your debt payments.

Set Realistic Financial Goals

Once you have a good insight into where your money goes, the next thing that you can do to reduce your financial stress is to set realistic financial goals. For instance, if you have several debts that you need to pay off, then you need to set a specific timeline on when you intend to complete your repayment, depending on the amount of money that you can set aside for payments each month. This also means that you need to allocate a specific amount that you can save and stick to constantly.

Create a Budget

One of the best tools that you can use to be on top of your financial situation is a budget or a financial plan. In doing so, make sure that you prioritize your immediate needs as you are working towards your savings. This means that if you acquired an instant online title loan, then make sure that its repayment is part of your budget. This is also true for the other debts that you have such as your mortgage payments. Once you come up with a budget, make sure that you exert the extra effort to stick to it to minimize or potentially eliminate overspending.

Seek Extra Sources of Income

If you feel like there is too much load when it comes to dealing with your finances, perhaps what you need is another income stream. In this case, look for avenues where you will be able to create a passive income, such as investing in the stock market. Numerous online sources can help you generate a decent sum such as online selling or taking part in paid surveys. Otherwise, turn your hobbies into something profitable, such as selling the pastries that you love to bake. But remember that the extra income you generate should be directed to paying off your debts or going into your savings rather than on unnecessary expenses.

Start an Emergency Fund

As soon as you have a budget, as well as an additional income source, then make sure that you start an emergency fund. This will help you eliminate the need to resort to borrowing money in case of emergencies or immediate needs. Ideally, your emergency fund should be able to cover you for at least three months in case your main income stream is cut.

Get Support

Always remember that you are not alone in any of your troubles, including financial stress. There are always people that you can turn to for help and support. This means that if you are in a tight financial situation, make sure to involve all your family members so that each one will be able to help out in making ends meet. There is also the option for you to reach out to your relatives and friends who are willing to lend you the money that you need to pay for your debts without putting any interest on the amount that you have borrowed. In this case, make sure to pay them back responsibly.

Monitor Your Progress

Finally, make sure to monitor your progress when it comes to your financial situation. You will not be able to appreciate how far along you have come or which areas you can still improve without keeping track of your progress.

The tips above are only some of the things that you can do to relieve yourself from financial stress. Although you are not going to realize the effects of your efforts instantly, with consistent practice, you will soon attain financial freedom that will also steer you clear of the stress that financial trouble brings. Just bear in mind that you can do this.

15 Inspiring Side Hustle Stats to Get You Motivated

A side hustle. It could be freelancing, walking dogs, or house-sitting for wealthy individuals who’ve left the country on vacation. Many people now officially have a side hustle, and that’s often to subsidize their primary income. 

Some people do it because they know it can add extra to their household and ease the pressure. Other’s are seeking financial freedom and an additional income stream for themselves. 

Whatever the reasons, every individual created that side hustle using simple platforms on and offline that were not there 10-15 years ago. Yet, it’s all good and well to know why people started a side hustle but what’s more important is understanding the numbers surrounding side hustles. 

By that, we mean the main side hustles, the income generation, and even yes, the overall sentiment in the new gig economy. With that said, it’s time to get into the 15 most inspiring side hustle stats to get you motivated. Let’s get started. 

45% of working Americans have a side hustle

Looking at the fact that 45% of working Americans have side hustles means that around 70 million of the American working population are working more after their standard or regular jobs making money for various reasons. 

This poses a few questions as to why such a large number of people give away their early mornings and weekends in favor of additional work. You might find that these individuals end up working over the standard allowable working time, and it is by their choosing too.

Food for thought remains that the American economy is benefiting from this as well, where more income tax is paid via the side hustle. You’ll see later on in this post that there is a split in the number of Millenials versus Gen Z who opt to have a side hustle. We also found that celebrities like Selena Gomez and Beyonce have their side hustles like media companies and entertainment companies, respectively.

1% of the workforce use app-based platforms to do their side hustle

Right, you’ve heard that many people started to jump onto the Uber train and might have assumed that more people use app-based platforms to earn their income. It’s not the case, according to the Bureau of statistics. They show that 1 percent of the workforce relies on app-based platforms to create an income for themselves. 

Other app-based platforms include Lyft. Keep in mind that the list looks at people who use these applications as their primary income or decide to find alternatives through other channels.

30% of people with side hustles do it to make ends meet

Bankrate recently showed that almost 30% of side hustles get started due to financial challenges faced. They are doing it out of necessity to pay their bills and support their families. As inflation rises, and people have tightened their belts, it’s no wonder that financial needs steer them down the side hustle route. 

The list can further be broken down into household expenses like living expenses that their paycheck cannot carry. Others also save their side hustle funds and use them for activities they would not ordinarily have. 

Average income made from side hustles equals $1122 monthly

The average American income in the US is $3714 per month, and extra side income from side hustles can average $1122 per month. That’s almost 1/3rd of the average income. 

This shows a high potential for income using a side hustle, but of course, it depends on your skillset, how you market yourself, and their market requirements. Many individuals may earn 6 figure incomes from their side hustle, too, but it does need a more considerable time investment per week. 

Average time spent weekly on a side hustle is 11-16 hours

Since more and more people seek alternative ways to make an income for themselves, they find new pathways that they can use their hobbies on. That’s why the average hours spent per week on a side hustle is between 11 to 16 hours

Most of that time is spent learning the new skillset as it could require high upfront effort, especially if you are using freelancing or driving for Uber as your side hustle. Once you understand the processes, your time investment goes down while you can also maintain a similar income amount. If you’re curious, the average earning works out to $16-23 / hour—that’s above minimum wage by quite a large margin.

47% of people with postgraduate degrees have a second income source

This is directly represented by Bankrate, who has indicated that many advanced educated individuals have opted to have a side hustle. 

Generally, these are people who have chosen to attend university at the postgraduate level and already have high incomes of $80,000 or more. It’s becoming more prevalent that highly educated people are becoming more disengaged with their vocation and now seek ways to use their hobbies to make money. 

They hope to use their side hustle to eventually move into a full-time mode that doesn’t rely on a job or boss.

66% of highly skilled workers use referrals to find side hustles

Since only 20-30% of highly skilled people are finding part time work via apps, it seems that word of mouth and referrals are still king when it comes to side hustles. 

This tends to make sense since most of the top end of the side hustle market have high levels of skills and experience. They already earn a good salary in their standard job, often they are certified too. They could also be established in their market, so they have a good network that they can leverage for work. This is according to the software company iCIMS.

63% increase on average income year on year for part-time work

Side hustle earnings are increasing all the time; if you compare average salaries for 2019 versus 2018, we see a 63% increase according to Bankrate. One of the reasons is that more skilled workers are coming on board and demanding higher pay. 

There are also more businesses seeking out work involving gig economy workers. They’ve seen that it helps to outsource work rather than bring on permanent employees in their business. Overall, you can see an increase from the $686 average side income in 2018. right up to $1,122 in 2019

48% of Millenials have a side hustle

Millennials have been quick to share their views on corporate culture, but they also do it through their actions, such as seeking alternative means to create an income. 

Since they want more flexibility and work from home, they find a side hustle that can cater to their needs. More than that, you can also see that Gen X and baby boomers are catching up with 39% and 29%, each with a side hustle.

Previously baby boomers did not have avenues to explore if their retirement was insufficient to carry them. Nowadays, many baby boomers have opted to drive for Lyft or Uber to supplement their retirement income or lack thereof. 

The most popular side hustle would be for providing services.

32% of side hustles are related to selling a service that includes either photography, cleaning, or fitness. This is popular at the moment as many people need these services for weddings or other events. People are more prone to request professional photography for their brands. As for cleaning and fitness, it’s an extra service that makes people’s lives that much easier. Gig workers or side hustlers also offer crafting, childcare, bartending, social media specialist, or freelancing.

Interestingly enough, Uber and Lyft did not make it to the top of the list. Yet apps are seeing a slow but steady rise as more people start to realize its potential to be a side hustle with high-income potential. Technology is slowly but sure improving the market for side hustles, and that’s a good thing. 

27% of side hustlers prefer a part-time gig to a full-time job?

Generally, you will find that people start with a side hustle out of necessity but soon discover that they enjoy the side hustle. You may even go as far as saying they want it more than their full-time jobs. That’s the reason 27% of side hustlers have said they would rather have a side hustle job than their actual job. 

Since most people with a side hustle love to see that increase in income, they often keep both jobs for that benefit. Eventually, though their side gig can start outearning their primary job, they have to choose to go full time on their side hustle ultimately. It’s been done countless times by graphic designers, programmers, and even boardroom execs. 

55% of people want to turn their hobby into a business

A common question is whether side hustles can come from hobbies. The answer would, of course, be a resounding yes. Hobbies are what allow you to start your side hustle in the first place. Perhaps you’re a decent video editor; then, you can make use of that hobby to earn extra side income. 

This can eventually be turned into a business. So much so that 27% of full-time workers have already done this by turning their hobby into a side gig. It bears considering as you must also understand that when your hobby becomes a business, it may take away the joy you experience from that activity.

14% of people earning $500 and above from side gigs

That isn’t exactly great news; however generally, this can take a few hours a week using a skill you are already good at. It’s great to see that 1 in 6 individuals show an excellent earning potential that is consistent. 

This can also grow as more and more people use the gig economy to build their businesses. The 14% of people earning additional income can use that to reduce debt, increase other income streams, or travel if that’s what they hope to do. 

30% of side hustlers are selling handmade items or reselling stuff

Many side hustlers have new ways to bring in income using their creativity or marketing skills. As an individual who crafts items, this is heavily in demand as personalization grows globally. 

Therefore 30% of people with a side gig make goods by hand to sell to potential buyers. The profit margin on handmade goods is vast, and there is very little overhead once you’ve made your first investment. It takes time and required skill sets, but it can be a good source of consistent income. 

Similarly, reselling items that you’ve found while checking out garage sales and auctions can bring in some massive profits if you learn how to flip these items on places like eBay. 

54% of side hustlers are female

Women make up 54% of side hustlers while men are close behind. Generally, this bodes well, seeing as there is almost an even split. 

Many women who also have kids leverage this opportunity to work from home and try to manage their family, work, and home life. 

One example is a mom who started daycare and created additional monthly income from a task she would be doing anyway. 

The Exciting Industry of Side Hustles

As you’ve gone through this list of stats, we hope that it inspired you to get started on your side hustle. Perhaps you’ve seen an industry that you can add value to, and it will certainly make your financial situation better.

Our recommendation is to look at a few side hustles and find ways to get started, avoid analysis paralysis and take the first steps needed to take action and start creating an income for you and your family. 

You may agree that the side hustles states have indicated that not all side hustles are work from home jobs. Some may need more time invested upfront and will later pay it back exponentially. Others need minimal time input but cannot be scaled. Use a variety of approaches to find the best side hustle that also makes it viable for you.

More than that, you can also use the free education available that helps you come to grips with the side hustles and improve your income. 

If you enjoyed reading this post on 15 Inspiring Side-Hustle Stats to Get You, be sure to also check out our list of  popular side hustles in 2020.

Making Profits Online With These Simple Tips

The advancements in modern technology paved the way for people to have the capability to make a living by leveraging the internet. Not only are more people working from home and connecting with others, they are also learning how to make money and completely micro-jobs in the process.

In this modern-day and age, people can now earn a decent sum in the comforts of their own home, or anywhere they want to be, as long as they have a stable and reliable connection. Some even do this as a side hustle while keeping their day job.

If you are keen on how you can generate revenue online, then the tips below will surely be of help.

Explore on the capability of the different types of website

One of the first ways for you to make money online is by coming up with your website. If you are a great writer, you can start your blog and generate interesting content that can capture the attention of your target audience. Choose from a broad topic but always aim to create high-quality content for the topic that you have selected. Research and explore search engine optimization (SEO) techniques and how you will be able to incorporate these in your blog. Once you begin to gain several blog followers, opportunities to monetize your blog will soon follow.

Aside from creating your blog, you can also earn a decent profit by starting an affiliate website wherein you get to recommend products and services to your network. When people buy the products that you have recommended, the brand will give you a certain percentage of their sales, or what is commonly referred to as a commission. In addition to an affiliate website, you can also conquer the world of online retail and come up with your eCommerce site to sell your products.

Invest in the right software

When venturing out into online platforms to make money, make sure that you invest in the right software. In doing so, you are maximizing your profits rather than otherwise. In this case, if you have an eCommerce store, consider investing in a product information management (PIM) system to continuously share your products to your target market, while ensuring that your interface is easy to use and navigate for them. You also need to think about automating your processes using software and tools that are available because this will be advantageous as your business grows to scale. Thus, exert an extra effort to research beforehand or even test the waters before you fully commit to a particular software solution.

Leverage on membership benefits

Another avenue that you can look into to make a profit online is the privileges of various memberships. More often than not, membership programs provide certain benefits such as free use of service. If you have a Costco membership, then you may be surprised to know that the use of the Costco Photo Center is free for members. In this case, you only need to upload your photos on their site to have them printed on merchandise such as calendars, mugs, as well as photo cards. You can use this printed merchandise as retail products on your online store, generating a greater margin of profit since the price you have to pay for printing is technically free.

Sell your skills and talents

There is also the option for you to sell your skills and talents online to generate some extra bucks. For instance, you can explore on various freelancing sites that can connect you to different clients looking for persons with the skills and talents that you possess, be it as a virtual assistant or a graphic designer. Some channels look for tutors for various subjects and arts. If you are good at a certain language, then you can share your expertise with the people who are keen on learning that language too. For sure, you will have the capability to earn from teaching what you know.

How to Improve Profits Online by Implementing Our Simple Tips

To wrap things up, you may be surprised to find several avenues where you can make a decent profit online. For one, you can explore the capability of different websites such as having your site, investing on an affiliate website, or developing an eCommerce page. Whichever you go for, make sure that you invest in the right software because this will pave the way for you to maximize your earnings rather than expand your losses. Leverage on membership benefits, as well as bonuses or promotions and use this to your advantage. There is also the option for you to sell your skills and talents. With the internet, you will never really run out of options to make money.

Need Cash? Here are Ways to Borrow Money Fast

There are many reasons why people borrow money. Some people would like to invest in properties, cars, or gadgets and appliances. Others would like to circulate their money and earn through loan dividends. For site owners  and affiliate marketers, it might be about investing money into their business or to expand their marketing efforts.

Whatever the reason may be, there will come a point in your life where you would need to borrow money, and it would be good to recognize situations whether or not it would be to your advantage to borrow money or not. With more opportunities than ever before to explore when trying to get access to fast money or increase financials, there are plenty of solutions we all need to be aware of.

Let’s take a look at several other reasons why people borrow money:

To Purchase

Individuals often borrow money for major purchases like buying properties, cars, or even to buy smaller items such as gadgets and appliances. The efficiency of a fixed loan can help in spreading out the cost of the property or item to make the payment terms more convenient for borrowers.

For Experiences

Experiential buying or purchasing experiences such as traveling the world, or watching a Broadway play can have more satisfaction than material things, according to psychologists. This is also the reason why people would often borrow money so they can afford a cruise ship or a broadway ticket. 

Consolidating Loans

Individuals may borrow money to pay off other accounts or loans they may have. They consolidate other smaller debts into one larger loan, which gives them just one monthly payment. This can be considered a red flag and a sign of a larger issue, such as being overextended financially and borrowing too much.

Living Beyond Means

Some people borrow money to live beyond their means. It can anything from taking out a loan to make a lavish purchase of something they really do not need, to using credit and credit cards to make up a shortfall in their income for each month. Again, this is considered a red flag for financial instability. 

As borrowers, it is salient to understand the situations where you would need to borrow money, or try to cut down your expenses in order to make ends meet. One of the fastest ways to borrow money would be through online cash loans. Experts from nimble.com.au explain how cash loans from Nimble operate and describes the usual process of online cash loans, which includes a fast approval process and fewer documents needed for approval. But before we take a deeper look at online cash loans, let us explore some other ways to borrow money in a timely manner.

Here are some ways to borrow money in a fast and efficient manner:

Borrow from family and friends

Family and friends are great sources when you need financial aid in a quick manner. Though it might be difficult to ask, set aside your pride especially in dire financial situations. Just make sure that you pay them in a timely manner and thank them for the aid they have provided in your time of need.

Employer Cash Advance

Some corporations offer the option of payday cash advance especially, in unique financial situations. Here, employers can give you your whole pay (or a partial amount of your pay) in advance. You repay your employer through a deduction in your next paycheck. However, it is important to note that terms vary from company to company. Some employers charge a fee, have a maximum loanable amount based on income, or have a limit on the frequency on how many times you can loan. It is best to connect with your Finance Office to understand the guidelines of your company, before taking this option.

Credit Card Cash Advance

Depending on the type of credit card you have, some credit cards have the feature of allowing you to withdraw cash in banks and ATMs provided that you have available credit to tap. However, note that this option comes with a price. Credit card companies usually charge you with a transaction fee plus a higher-than-average interest rate. 

Emergency Loans

Emergency loans or payday loans are quick, usually small-amount loans (usually less than USD1000) that can be paid on the next payday. Lenders would usually charge you a fixed fee based on the amount you borrowed, and the total amount (amount loaned plus the fee) needs to be paid on your next payday. 

Online Loan 

Online loans are the fastest, most efficient and hassle-free ways of borrowing money. The amount of money that can be borrowed would usually range from a few hundred to several thousand dollars. Cash loans are simple, easy, and secure as they offer short term financing without the hassle of long term problems. The application process is also fast as you only have to apply online. Lastly, you can also get the money borrowed after a day or two. 

Pawn Loan

Another alternative to getting cash fast is pawning either your car, pieces of jewelry, and for some pawn shops, even gadgets, and appliances! Here, you pawn your items for cash and you only get your valuable items back once you pay back the cash from the pawn company. If you do not pay it back, chances are you might lose your item.

Alternative Sources

If you are a member of a religious sector or a non-profit organization, they can also be great resources for your financial trouble. The community is a rich source (literally) for individuals who might need financial aid. Go to your nearest community center and ask for financial options that might help you.

Retirement Account

If you have a retirement account, this also can be an option for you. The catch is, you have to repay the money within five (5) years, else, you will owe a 10% withdrawal penalty as well as income tax on the money. These loans do charge interest, but it goes back into your retirement account. The point of it is to make up for the money you lost while your funds weren’t invested.

While there are quick alternatives to getting money easily, the ideal scenario would be to save and invest while you can so you do not have to go through the motions of applying for a loan. Even if you set aside USD 20 per day, it can amount to your savings or emergency fund which you can tap on, in situations where you are short on cash.

Understanding LTL Shipping Rates for Your Retail and eCommerce Business

With more people diving into the world of ecommerce, dropshipping and selling on Amazon, the business of truck deliveries has been growing at a rapid pace as well.

In 2017, trucking revenues totaled $700 billion for medium and short distances. The transportation and logistics industry in the US has continued to thrive over the years. One of the shipping options that’s becoming prevalent is the Less-Than-Truckload shipping method, commonly referred to as LTL.

LTL is highly flexible and convenient. What’s more, the approach is cost-effective for medium and small-sized businesses. LTL allows you to ship in a trailer’s smaller space instead of using the entire container.

You ought to have insights on LTL rates and tariffs. When you need to partner up with an affordable and reliable LTL shipping company for your business needs, understand how rates are calculated.

Weight in Freight Calculation

The heavier your shipment is, the more affordable it gets. In shipping, this aspect is referred to as the hundredweight pricing. There’s a chart listing the prices as per the weight.

Freight carriers refer to this chart to determine the cost of shipping your items. Heavier freight is often subject to discounts, commonly known as weight breaks. Understanding the base rates is essential in cost-saving.

You can increase the size of your goods slightly and enjoy almost a 50% price reduction. Illustratively, a company might be charging $79.05 for freight weighing between 0-499 lbs. You might need to increase the weight of cargo if the price reduces to $39.53 for 500 to 999lbs.

Freight Class

In LTL shipping, freight is in a different classification. The density and value of products determine the shipping rates. The National Motor Freight Classification has grouped freight into eighteen groups. The groups are from 50 to 500, with 50 being the cheapest and 500 the most expensive.

These classes focus on stowability, density, liability, and handling. Products such as food snacks can have a higher rate regardless of the low weight. Such orders are prone to damage, which necessitates extra caution when transporting.

Besides, some items are not stackable. That means that such orders would require more space than other cargos with the same weight. Consequently, shippers will expect you to compensate for such variations.

Ensure that you provide adequate details about your shipments. You will get accurate pricing and avoid unanticipated billings. Undervaluing your products for cheaper rates might have more costly impacts at the end.

Density

Density is another factor affecting LTL shipping rates. Density refers to the space occupied by the shipment, which is in relation to the shipment’s weight. You get the density by dividing the item’s weight by the volume, which is in cubic feet.

The density of your shipment determines your freight class. Just like weight, the higher the density, the cheaper the freight charges. Products with lower density mostly fall in the 125 to 500 categories, which is more costly.

If your items are in pallets, calculate the density using the pallet’s dimensions, height, and weight of freight. Ensure that you consider any protrusions or overhangs when getting the dimensions. Once you determine the density of your shipment, get the LTL shipping quote and have your order delivered.

Distance

Distance has significant effects on shipping rates. If the distance is long, the price will go high. A longer distance translates to more fuel, equipment, and labor.

You’ll need to know the regions with specific carrier services. Some of these shipping companies don’t go beyond some geographic areas. Such information will save you from incurring more costs to have your shipment within your zip code.

Most companies result in interlining, which is the transfer of shipment to an LTL carrier servicing your area. The process ensures that your luggage will get to the specified address. However, you might need to dig deeper into your pockets to cover any extra costs resulting from the high minimum charges and low discounts.

Freight All Kinds

The freight all kinds, mostly referred to as FAK, refers to an arrangement where the carrier allows clients to ship different categories of items, with the billing being of one freight class. Multiple products can attract higher costs. But with this kind of arrangement, you can save some bucks.

If your commodities range between 100 and 200, you can negotiate with your career to rate your shipment as 150. This approach helps you to save, especially on high-ranking shipments.

A client should have substantial information on shipment classes to have the upper hand in negotiations. Know your shipment class before seeking for the shipping service. You will be able to negotiate for better terms based on the type of commodities.

Base Rates

The net profit of freight trucking companies grew by 6% by 2017. Despite the different base rates, LTL carriers have been growing steadily. You need to establish a carrier with a lower base rate for friendly LTL shipping rates.

The base rates are per hundredweight. Shipping companies determine the base rates based on gross costs, demands, and volume. With the notable variations between shippers, you need to get comprehensive quotes for companies you’ve identified.

Gross costs can increase if the lanes provide a stable balance between freight and trucks. Shipping Carriers can change their base rate to accommodate more volume. You need to understand some of these factors affecting the base rate.

Accessorial

LTL shipping goes beyond the typical services provided. A carrier can provide extra services, making you liable for freight accessorial charges. You need to incorporate these rates when calculating your shipping costs.

Accessorial services include residential delivery or pickup, liftgate service, and delivery to limited access areas, among other extras. Negotiate on these accessorials to reduce the overall shipping cost. Better still, provide all necessary information upfront to avoid getting invoices for services you hadn’t anticipated.

Information on LTL Shipping Can Enable You to Calculate Shipping Rates before Engaging Any Carrier

Get to understand all the factors affecting LTL shipping. With such insights, you’ll know how to save on shipping while still enjoying optimal services. Your carrier should provide all the information upfront for better negotiations.

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