6 Legitimate Ways To Make Money Online

6 Legitimate Ways To Make Money Online

In the light of recent events, many of the world’s working population are being forced to stay at home against their own will. This unfortunate occurrence makes many think endlessly of ways to make their ends meet. While a few may eventually get out of their current financial crisis, many will wallow in it for a long time, and probably get both financially and psychologically damaged in the process.

Some of the people affected by an unfortunate downsize, will make it out of the unemployed state by becoming small business owners, or gaining some form of employment. While a few others will majorly make money online legitimately.

Making money online is still pretty new in most parts of the developing world, like Nigeria. But in developed nations like the United States (US), it’s already a norm that’s keeping a percentage of the population’s income going.

Although there are other ways to make money online which almost anyone could easily get into, the methods stated in this article, are more for specialised individuals.

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Here are 6 legitimate ways to make money online in Nigeria, and any other place in the world:

 

1). Freelance Writing:

How good are your writing skills? Do you already own a blog? Have you written for a couple of bodies or magazines before?

Freelance writing is a great way to earn some income online, but it’s highly reserved for talented and specialised writers. If you have problems with your use of english or any other language in text, a crash course in writing could get you started.

Before you reach out to various online and offline media publishers, have a good portfolio of your own articles somewhere online. This would go a long way in helping the media outlets vet your proficiency, efficiency, and creativity.

See Also: 10 Lucrative Small Business Ideas That Will Make You The Next Millionaire

 

2). Buying & Selling Web Domain Names:

You think up a perfect domain name for your website, rush over to GoDaddy to search it out and make a purchase, then to your dismay, you see an offer for the domain at $10,000! Now that’s going to hurt a bit. Sound familiar? Hell yeah! It happens to me a lot too.

Domain name purchase and resale has turned a lot of people into millionaires. Here’s a wikipedia list of the top most expensive domain names ever bought, as noted in the media.

You can buy domain names you find engaging, especially dictionary words, for as low as $2.99, keep them safe in your domain hosting account, and listed at various domain brokers. When someone makes an offer, you can sell for a good price.

The higher the sale value, the higher your return on investment.

See Also: 6 Recession-Proof Business Ideas & Opportunities In Nigeria

 

3). Building & Selling Web Templates:

Lately, the best looking websites are more often built from a great looking theme bought from the Envato marketplace or the likes. These themes are sold for a small fee to web developers.

While so much effort goes into designing a responsive HTML5, WordPress, Magento, and more, theme, selling it for a small price of about $20 may seem pitiful. But when a $20 theme is sold 1,000 times, that becomes $20,000.

Some theme authors have multiple themes in their portfolios at any given time, with about 500 to 1,000 sales on each. The higher the quality, SEO friendly, and responsive the theme they put up for sale is, the higher their chances of selling a lot.

If you’re a professional web designer, you can start designing jaw-dropping themes, and selling them online.

See Also: 15 Profitable Small Business ideas for Beginners In 2016

 

4). Forex Trading:

This is one area most people delve into, and either make a lot, or lose a lot of money.

Forex trading is a highly specialised field, where only pure intellectuals with a great understanding of the various market triggers will win.

Trading in currencies online may sound exciting to many, but without a solid understanding of how the market works, a sound knowledge of probabilistic statistics, and an expert forex trader to learn from, your investments would go to waste.

Sign up for an in-depth forex trading course before you spend a Dollar. After practising a lot with demos, you can try out your first real trade. If you’re not too confident in yourself, you can employ the services of some forex traders that trade on other people’s behalf, or use a good robot.

See Also: 7 Ways To Immediately Increase Revenue In Your Business

 

5). Writing & Selling Digital Books:

Have you heard of the self-published writer Amazon pays $450,000 yearly? If you haven’t, his name is Mark Dawson. He’s a man who had no choice than to become an entrepreneur due to the amazing success of his books on Amazon.

If you have a knack for writing, you could take some time out to write a book. People love stories. Especially thrillers, romance, and success stories. If your book can initially connect emotionally with a bulk of readers, promoting it wouldn’t be a try and error game. It would be a straight win.

Writing and publishing great stories can be one way to make money online in a failing economy.

 

6). Youtube Vlogging:

Have you noticed some youtube channels with thousands, and probably millions of subscribers, and wondered; do these Vlogs make money? News flash! Some of them make as high as over one million dollars a year.

You can start out by making creative videos that cover a particular niche. As your subscriber base grows, you can then enable your channel for monetization and connect your youtube channel to an adsense account.

 

Quick Tip!

You can also make a lot of money from blogging by setting up a blog on WordPress or Blogger. Starting for as low as only $3.95 per month, anyone canfollow this link to create a WordPress blog in minutes for a really low rate. In addition to the low pricing, you will receive a free website domain (a $15 value), a free site builder, and a 30-days money-back guarantee if you purchase, at least, 12 months of blog hosting.

 

What are your thoughts on these legitimate ways to make money online? Please leave a comment below.

 

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