How to Make Money Online From Home

Sometimes I get people on Chat and they ask me. “How can I make Money Online?” I wonder where to start, since the topic is too broad. It’s like someone asking via an sms; “What is Algebra?” What answer would you give? It’s complex Right?

Can you imagine answering the later question on an sms, giving all those formula and characters that your phone doesn’t have. I guess that’s why education is expensive, because there is more than just defining the topic. The same case applies to Making Money Online it’s more than the definition, its a science. It involves training, identifying opportunity, practicing and getting good at it.

There are various ways in which you can make lots Money Online. In the broadest sense.

1. Advertising – You have a website that people visit and other vendors targeting those visitors can advertise on your website
2. Selling- You Identify certain Products that you can sell and the owners get you a commission Per sale. Or have your own products that you can sell.
3. Virtual Employee- Your Skills can be outsourced remotely and you get paid to do certain tasks.

That’s it, any other Jargon you hear revolves around those three broad categories.

Online Opportunities

There are various Online Opportunities that you can secure and start making Money:

1. Google Adsense – This is an adverting opportunity where you partner with Google to allow them to place ads on your site. this way you share revenue per click with Google by a formula only known to them. Its the easiest way to make money online but requires lots of hard work to get compelling content for your site and attract as much traffic to your Site. I’ve used this opportunity and have managed to generate between $100 to $ 150 per month, but I rarely put much effort on it. as i’ve realized there are other ways to make obscene amounts with the same efforts.
2. Pay Per Post – This is where you have a blog like this one, that attracts lots of traffic and then offline product owners can pay you to review their products on your blog. Say, if you write about cars and web visitors come to your site to get car advice. Then when BMW is doing a new series launch, they can pay you to review their Product as they know you attract readers from their target market
3. Forex Trading – As seen in the offline forex bureaus, they buy currency A and make a margin by selling it at a higher rate. Say if I buy $ 100 for Kes. 7,000 and then I sell the dollars to a tourist who is leaving the country for example for Kes. 80 Per dollar. that means 100*80 = Kes. 8,000. You see I spent Kes. 7,000 to buy $100 and I’ve sold the $100 for Kes. 8,000, that means I have kes.1,000 in profits. The same logic is applied online. Using the Right tools you can trade this and make loads of money.
4. FreeLance – Your Photography, Typing, Customer Service, Programming, Design and other personal services can be outsourced to various companies and you get paid for it. This form of earning I don’t refer it a business, as it limits to you to the amount of work you can do for a certain number of hours. however, it’s usually better off than nothing.

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