Every day I get a ton of emails asking me how to make money online. Thanks to the power of the internet, anyone anywhere can start making money if they are willing to just put in the time, work, and effort. In addition to the generic question of how to make money online, another common question is how much money you need to get started with.
The truth is, there are plenty of ways to make money online — especially when you have some money to start with, but don’t expect to get rich overnight in any scenario. Building an online empire takes time, and this is something I’ve been doing for over 20 years now.
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With all of that being said, here are some ideas for responsible ways to invest or make money online when starting with just $100.
Start a Blog and Build a Business Online
I can’t stress the importance of this one enough. Blogging is one of the easiest, cheapest and most effective ways to make money online — when you put in the work.
With $100, you can get three years of web hosting and a free domain name through Bluehost. This comes out to less than .10 per day.
As I mentioned at the beginning of the article, many of these methods will take time — and blogging is definitely one of them. Creating content, ranking in the search results and running a site using the WordPress platform are all free things, but you should also figure out a business model for your site as well.
Also, if you don’t think blogging can make you money or change your life for the better, just take a look at this list. I can completely relate, as starting my blog back in 2007 was definitely one of the best decisions I ever made.
However, when it comes to blogging, not many people know where or how to get started. The good news is that I created a free blogging course that anyone can sign up to, which will provide them with all of the training and guidance they need to start a blog and find success online.
Get Active in the Stock Market or Penny Stocks
For investors who don’t mind taking on some risk, the stock market is open to investors with low capital volumes. Technically speaking, you can buy stocks for as cheap as less than a penny per share — these are often referred to ask “Over the Counter” (OTC), or penny stocks. You usually won’t hear about these stocks on CNBC or in the news, as they are often more volatile and not super huge companies with thriving businesses. It’s not typically recommended to buy such stock unless you are willing to accept above-average risk for a very unlikely award.
However, there are promising opportunities, like medical marijuana stocks, which budget investors can partake in. As with any type of investing, it’s often best to buy stocks with the intention to hold on to them for some time, but there are many investors and day-traders who have done very well with jumping in and out of stocks for quick gains.
Thanks to online trading platforms like Etrade, Ameritrade, and others, it’s easy for anyone to get started with online trading — whether you are looking to invest for the longer or simply jump in out and for quick gains/loss. This is something Tim Sykes and I talked about in our interview on Rise of the Entrepreneur.
This is something we continually see whenever something new comes into the industry, or new regulations come into play like GDPR and sports betting. Both of these examples are completely different, but new businesses and services will be applied to each — while generating a lot of money in the process.
Affiliate Marketing Earnings Can Scale Quickly
Affiliate marketing is still one of the best ways to make money online — especially when you are focusing on media buying and have some money to work with.
Blogging and affiliate marketing is a powerful combination, but without the necessary money aspect, it can definitely take time to build out an active website or blog that has enough traffic to make decent money. When jumping into affiliate marketing with a nice budget, you can start setting up new ad campaigns and focusing your efforts on media buying, Facebook Ads, pay per click marketing, popup ads and much more.
Granted… $100 isn’t much to work with when it comes to affiliate marketing — but it’s a great place to start if you are looking to make money online. If you decide to go this route and have only a small budget to work with, start with email/zip submit offers and media buying. This will allow you to limit your daily budget, understand your audience, improve conversions and not blow your budget without seeing any leads or activity to learn from.
Either way, make sure you put in the time and effort to learn the basics of affiliate marketing before getting started.
Selling with Amazon/eBay
When it comes to buying or selling anything online, most people will end up on Amazon or eBay. The great thing about both sites is that anyone can start selling anything. This is super easy to set up through eBay, but also possible with Amazon if you are going to join their selling program. In both cases, eBay and Amazon will take a percentage of the sale, but the traffic and branding power associated with selling on their sites is huge.
With this in mind, the business model of buying low and selling high still works extremely well. This can actually be done in two different ways:
- Buying locally and individually reselling online
(think clearance items, stores going out of business)
- Creating your own products and selling in bulk
(think Alibaba, white-label products)
- Getting creative and selling something you personally make
(think crafts, drawing, art, personalized gifts)
Having only a $100 budget, it’s most likely that you would get started with eBay to maximize your profits and not lock up too much money all at once. Fulfillment by Amazon and dropshipping is great, but this will often require a much larger initial purchase than $100 — however, if this is something you get into, you should definitely consider your options with this method.
What if you don’t even have a dollar to start with?
Beleive it or not, I still get numerous emails per day stating that they have NO money and want to make money online. More often then not, you can tell right away that the people sending these emails are just looking to get rich quick and would never have the work ethic to build something real or profitable online… however, it is definitely possible, even if you don’t have any money to get started with.
I actually started my online business with nothing and built it into what it is today through the use of free online resources, then re-investing back into the business. This was mainly through free web hosting back in the on AOL and Geocities pages, using affiliate marketing and AOL chat rooms to connect with new audiences and site owners. Since I was a teenager back at the time, I actually used these methods for a couple of years before registering my first domain name and really having a budget to work with.
For this to happen, you need to better educate yourself, and find a way to start making money online. In addition to taking advantage of online blogs, communities, and resources, you can also find a great amount of free online courses through sites like Udemy and Skillshare. While the majority of courses on these sites costs money, there are many that are free as well.
Next, you will also need to consider your options for making your first few dollars online. Here are some free methods that work very well.
- Sell your stuff on eBay that you simply aren’t using
- Get paid for freelance writing on sites like Textbroker
- Start a Fiverr gig and see what services you can offer
- Complete online surveys and get paid for your time
- Promote affiliate offers through free traffic sources
These are all completely legitimate and effective ways to make money online, with ZERO startup costs. But again, if you aren’t willing to put in the time and effort… don’t expect to make any money or get anywhere with an online business.
The best investment is one in yourself
As you can see, investing with $100 isn’t impossible or even that difficult — especially when trying to start an online business or brand of your own. If you have more than $100 to work with, even better!
No matter what option or path you choose, don’t throw all of your money into right away. Make sure you have a good understanding of what you are getting into, have a legitimate business model or expectations, and also scale your budget so it lasts over time.
When you are more familiar with any of the practices mentioned above, you can start investing larger amounts and earn significantly more in returns.
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Can’t Stand Retirement? Try these 7 Best Jobs for Seniors and Retirees
Retirement is now seen as more of a fluid concept than a permanent state.
More than 50% of retirees aged 50 and over said they would return to work for the right opportunity. And, 39% of workers over the age of 65 said they had retired at some point in the past.
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Income is one reason why seniors return to work after retirement.
But, being able to do more meaningful work is considered a key reason for delaying retirement. In fact, more than two-thirds of older workers report greater satisfaction in the workplace as a result of doing useful work.
If you’re considering “unretiring” too, here are four great jobs for seniors and retirees.
1. Online Marketer
2. College Instructor
Roles in education make great retirement jobs. These positions give you a chance to share your knowledge and skills. And, they also offer a great way to connect with younger generations.
With an advanced degree and years of work experience in your field, you might like to work as a college instructor at a university, community college, or trade school.
And, with a predicted 15% increase in post-secondary teaching positions by 2026, there’s a good chance that your skills will be in high demand.
3. Financial Services
Through excellent retirement planning, financial motivation might not be a factor in wanting to continue working in finance after retirement. But, you might find it fulfilling to take on a new position as an accountant or auditor to “keep your hand in.”
If you have sufficient qualifications, you could even work as a financial consultant on a freelance basis. This is a great way to use your financial experience and skills while enjoying the flexibility of part-time jobs for seniors.
If you’re interested in financial work but aren’t qualified, you could do a course to become a tax preparer. This is one of the best jobs for older people who prefer to work seasonally on an annual basis.
5. Freelance Writer
Why not follow Jessica Fletcher’s lead and become a writer after retirement?
In all seriousness, whether it’s exploring your creative side or sharing your work experience through technical writing, there are many writing jobs for retirees.
Full-time jobs often require a bachelor’s degree. But, there are many opportunities to work on a freelance basis or contribute to single projects.
You might consider working on a book, completing assignments for print or online publications, or even starting your own blog.
6. House Sitter
The freedom of retirement means that jobs for 60-year-olds can also be great opportunities to fulfill lifelong dreams.
If you’ve always wanted to see the world, caretaker and house sitter roles offer you the possibility to travel without all the expenses. There are short-term and long-term options in this area.
And, if you’re part of a couple and are both flexible about when and where you go, you may both be able to get hired as a way to travel the world together.
7. Sell Stuff Online
The Best Jobs for Seniors
As these jobs for seniors show, there are a variety of different employment sectors and roles that offer opportunities after retirement.
Whether you want to enter a new field or explore a different position within your area of expertise, many jobs for retirees can help you combine fulfillment and flexibility.
Or, if you’re ready to take on a whole new challenge after retirement, check out these articles on entrepreneurship for more inspiration.
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5 Ways to Maximize Your Forex Profits and Investments in 2019
As we all know, there are many different ways to make money online — whether that be through starting a new business, focusing on affiliate marketing and blogging, or even putting your existing finances to work for you through good investments or stock/forex trading. With so much focus on each of these methods, today we are going to take a look at what the world of forex holds for those willing to put in the time and effort.
Forex is one of those activities that is very easy to learn, but hard to master. Even though it is not a good idea to get into forex with the preconception that profits are guaranteed, it is no secret that money is a key motivating factor for many traders. Whether it is to create a steady, additional source of income or build a primary source of money, the financial aspect always takes precedence over others.
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However, traders are as diverse as the combinations of currencies, and the money-making process varies from one person to another. Therefore, we have decided to make a list of actionable tips that will help you make a profit out of your trading efforts. Here are five ways to maximize your forex profits.
Prepare Before You Begin Trading
Because the Forex market is based mainly on leverage – with some brokers offering leverages as high as 50 to 1, 100 to 1 or even 200 to 1 -, some traders might fall into the temptation of taking them for granted. Admittedly, even professional forex traders might experience this cognitive dissonance from time to time, because the willingness of the brokers to offer high leverages will make some traders believe that the risk is manageable, triggering what most experts call ‘’the gambler’s fallacy’’.
So, the best approach before entering the forex market is to create a detailed and comprehensive plan. Beginning with a practice account is recommended here, because it offers the freedom to experiment with lots of strategies without assuming any risks.
Another thing that forex traders should consider doing while practicing is reading a few forex trading books. Some of the best Forex books are the following:
- Forex Strategies: Best Forex Strategies for High Profits and Reduced Risks. Written by Matthew Maybury, this book is an excellent reading material both for beginners who want to step into the forex market with the right foot, or veterans who want to refresh their knowledge.
- The Little Book of Currency Trading: How to Make Big Profits In The World of Forex. Written by Kathy Lien, this book can act as an excellent auxiliary material for the previous title.
- Currency Forecasting: A Guide To Fundamental And Technical Models of Exchange Rate Determination, Michael R. Rosenberg. This book is great for people who want a short, concise introduction into the art of making forex profits and do not have the time to read longer titles.
These books are a good starting point if you want to learn how to maximize your profits. However, do keep in mind that they are pricey – but the price of the books are totally worth it on the long term.
Do Not Set Excessive Goals
If you hope to have any chances at profiting from forex in the near future, one of the best approaches is setting your expectations as low as possible. Unfortunately, most traders become nearly obsessed achieving a ‘’professional’’ level right from the get-go, as soon as they advance from demo accounts to handling real money.
As good as being ambitious is, the main problem is that having a big goal with no realistic plan to achieve it is essentially worthless to long-term growth. Instead, a wiser (and more recommended) approach for beginners who just got their feet wet in the forest market is building a realistic short-term goal and sticking to it for a while, preferably a month or two. As soon as you achieve that short-term goal, you can steadily advance to more and more ambitious goals until you reach the high tier of forex trading.
To conclude, if you are serious about achieving long-term goals, you should start with the little stuff first, and devise a comprehensive plan that will help you achieve those smaller milestones.
Many forex traders, particularly rookies, are more likely to get impatient or panic if a trade does not go their way as soon as they launch it. On the opposite side of the spectrum, if a trade goes better than expected, they get cocky and either rush to pull the plug right away on a trade that could have rendered a significant profit, or get greedy and spread their finances too thin in order to grow their revenue.
However, patience is a quality that requires a lot of persistence and effort to build. Using specialized tools, such as the Forex and CFD trading calculator, a pattern spotting and confirmation tool and so on can help you achieve a more methodical approach when it comes to trading.
The one thing you have to remember is that you are going to win some trades, or lose others. Do not stress too much about winning or losing – you will lose money at some point, and there is no way around that. Take satisfaction in the small things and on the accumulation of experience, as this attitude will pay on the long-term.
Understand the Tax Implications and Treatment
When it comes to forex, it is important to understand the tax implications and the legislation regarding the forex activity in order to be prepared when the dreaded tax day comes. Forex can already be a full-time occupation, so the best approach here is to consult a qualified accountant or tax specialist that knows the ins and outs of tax law.
A qualified professional can help you avoid any surprises and take advantage of various tax laws – the market-to-market accounting law, for example, which involves recording the value of an asset to reflect its real market traction. Another reason which makes hiring a qualified accountant the wise idea is that tax laws have a tendency of changing regularly, and keeping up with all the legal matters is quite hard for someone who has not had an education in this sense.
Diversify and Limit Your Risks
Another good approach to maximize your profits is diversifying, and at the same time limiting your risks. Here is what these two strategies involve:
- Diversification is key in maximizing your profits as much as possible. Traders who extend their portfolios across multiple markets have a better chance of making a profit. By applying this strategy and investing small to medium amounts in multiple currencies, you minimize your chances of suffering terrible losses – because, essentially, one loss is mitigated by a win on another. Even if you are absolutely sure that a particular trade has a chance of paying off, it is still a bad idea to put all of your money in a single basket.
- Familiarize yourself with ways to guarantee a profit on an already profitable order. Good tactics in this sense involve trailing stops, or limiting losses using limit orders or stop. As important as it might be to concentrate on winning, limit losses is more vital to your long term success as a trader.
The forex market is an attractive proposition for many ambitious entrepreneurs thanks to its decentralized nature, round the clock schedule and high leverage – which can be both an advantage and disadvantage, depending on how one approaches the issue, and very low requirements. Maximizing profits comes down to keeping up with tax laws, doing as much research as possible, setting realistic goals and, last but not least, practicing patience. Make sure to follow the advice listed in this article, and you will learn how to maximize profits in no time flat.
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Top 20 Most Expensive Domain Name Sales Ever
Imagine buying a brand new domain name for $10, then holding onto it for a few years and selling it for millions! The scenario is extremely unlikely, but it does happen. More often than not, the domain is sold for thousands, but the individual ROI on that initial $10 can be huge! Welcome to the world of domain name buying and selling.
Having been making money online since the mid-90s, I’m always kicking myself at the thought of being able to get my hands on some of the best generic domains back before they were registered. Oh, well 🙂 I think it all ended up for the best so far anyway.
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With the discussion of domain names and high-valued tech companies always in the news, the dream of selling a domain name for a ton of money isn’t that far off — especially if you know what to look for, or are currently sitting on a nice portfolio of domains. To help with this process, we’ve created an excellent reference guide that covers everything you need to know domain names, values, and registering some great ones of your own.
Most expensive domain names publicly reported
When it comes to looking up the most expensive domain names ever purchased, it’s an ongoing process. With more than 100,000+ new domains being registered daily, it’s a full-time job to keep the list of most active and highest-priced domain names updated. Thanks to GoDaddy, we don’t have to compile this type of information ourselves, as they are one of the largest domain registrars in the world today, and publicly post this data on their site.
At the same time, there are many different ways to list and sell domain names — both publicly, privately, and through domain brokers. GoDaddy also reports that most domain names sell for thousands of dollars when being purchased from someone else.
With all of that in mind, let’s take a look at the top 20 highest selling domains names to date — courtesy of GoDaddy.
- Insurance.com — $35.6 million
- VacationRentals.com — $35 million
- PrivateJet.com — $30.18 million
- Internet.com — $18 million
- 360.com — $17 million
- Insure.com — $16 million
- Fund.com — £9.99 million
- Sex.com — $13 million
- Hotels.com — $11 million
- Porn.com — $9.5 million
- Porno.com — $8,888,888
- Fb.com — $8.5 million
- Business.com — $7.5 million
- Diamond.com — $7.5 million
- Beer.com — $7 million
- iCloud.com — $6 million
- Israel.com — $5.88 million
- Casino.com — $5.5 million
- Slots.com — $5.5 million
- Toys.com — $5.1 million
The common theme across nearly all of these multi-million dollar domain sales is that they are super generic one-word domain names, that are also .com. The only two exceptions are VacationRentals.com and PrivateJet.com, which both sold for more than $30 million each! The fifth highest selling domain isn’t even a word at all — it’s a number (360.com)!
How to Pick a Great Domain Name
Obviously, the most expensive and valuable domain names are going to be one-word generics that are .com names. What’s also obvious, is that these type of names are no longer around and if you ever wanted to buy and sell domains for profit, you either need to get your hands on a great name, have an existing portfolio, or be really good at coming up with new names that people might want (which happens all the time).
Some simple tips to keep in mind when trying to pick a good domain name.
- Stick with the main TLDs of .com, .net, and .org
- Stay away from using dashes and numbers in domains
- The more generic the better, two words are better than three
- Make sure the domain is easy to remember and spell
- Don’t use numbers in place of letters/words (ie: “8” instead of “ate”)
- Always register your personal name if it’s available
By following these tips, you will have a much better chance at not only registering a great domain name for personal use, business, or for selling — but also making sure it’s the highest value possible.
Using Name Generators to Find New Names
There are two ways to register/buy a domain name. The first is to go through a broker or online site where a domain is already registered and up for sale. The other is going to a domain registrar and simply registering it for the first time. Heading to a site like NameCheap or GoDaddy and getting a new domain name for around $10 is ideal, but also very tough since nearly all the good names are already taken.
If this is the case, you might need to get a bit creative with your domain name, or coming up with a new name for your brand or business. For times like these, I recommend you take a look at these domain name generators. If you are looking for a unique name for blog, business, or products, check out these useful name generators as well.
Something else to keep in mind when registering a new domain name, is that if it’s available, it might not be that great after all. Always consider the domain name you are registering, and also follow the recommended tips that were pointed out above.
Why You Must Register Your Personal Name as a Domain
Your name is unique, and there is no one else in the world like you! However, there are probably hundreds (if not thousands) of other people that share the same name as you. With this in mind, there is a very good chance that someone has already registered your name as a domain if you haven’t secured it already.
Here are two steps everyone needs to follow right now:
- See if your personal name as a domain is available
(get a free domain name with a new hosting account)
- If it is, register it! If not, register it as a .net or .org.
If you currently share the name with a famous celebrity, senator, or online marketer, it’s likely your name is already taken as a domain name and there is little chance you will be able to acquire it. This has happened to some of the world’s biggest celebrities, athletes, entrepreneurs, and politicians — Justin Beiber (domain name site shown below), Bill Clinton, Johnny Depp, and many others.
Don’t miss out on registering your personal name as your domain name, as once it’s gone — it’s likely gone forever! If you currently have close friends and family, you might want to check for their names as well.
If your domain name is already taken, it’s not a complete dead end. Here are a few options you have:
- Use a domain name expiration service like NameJet or Pool
- Hire a domain broker to try and get the domain for you
- If there is a website, contact the domain owner
Want to get even more creative? Start registering the names of anyone else you know, or who might be an up and coming star, and keep them safe until they are famous and world renown!
Get a Free Domain Name with All Hosting Accounts
Now that you’ve seen some of the most expensive domain names in the world today, and why it’s so important to register your name as a domain, it’s time for you to take action.
We are currently partnered with Bluehost — one of the world’s most trusted and well-known hosting companies — and they are giving away a free domain name to all hosting sign-ups made through our blog. At the same time, users will also save 60% off their hosting plans, while getting a free SSL certificate, WordPress Install, and 24/7 support.
After setting up your new domain name and hosting account through the link above, be sure to shoot me an email. I’d love to provide you with full access to some of my best online training courses and video guides, valued at over $1997. I’m looking forward to hearing from you soon.
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