First-Timer’s Guide to Making Money Online

Making Money Online

There are so many great opportunities for making money online, yet earning a living as a freelancer or remote worker is not all fun and games. Your skill to write, make designs or teach through the lens of a webcam may be the most important, but they are definitely not the only important thing out there. There are several technical aspects you should be aware of, seeing as how working from home isn’t just sitting in your underpants with a computer on your lap, collecting on a payment every month. With that in mind and without further ado, here are several things you need to learn as a freelancer.

  • Picking a niche

The first thing you need to do is pick a niche you’re going to work in, something we already hinted at in the introduction. Once this is dealt with, you need to set up a profile on a platform like Freelancer or Upwork and start working. Regardless of what you do, you’ll need some hardware, as well as software backup. For instance, a copywriter needs an MS Office or its open source alternative, plagiarism checker, grammar checker and several similar resources. Sure, most of these aren’t mandatory, but if you plan to be in this industry for the long run, it’s even worth it to pay for a free version.

  • Choosing a payment gateway

The next thing you need to resolve is the way in which you’re getting paid. Seeing as how you want to be able to accept business offers from all over the world, what you need is a payment gateway capable of receiving and converting payments in different currencies and from different regions. PayPal is definitely the poster boy of this niche, yet there are other alternatives you could go for.

  • Diversifying your portfolio

Another thing you should do is try to diversify your portfolio (if you invest at least a part of your profit). At the very least, you should try to diversify your sources of income, in order to get greaterer reliability when it comes to your finances. For instance, there’s nothing preventing you from being a copywriter and doing paid surveys online at the same time. You can also part-time day-trade on the forex market, invest in cryptocurrencies and do much, much more.

  • Keeping track of all the changes

The next thing you should keep in mind is that the digital landscape is evolving at an unprecedented rate. This means that your industry might also advance and evolve. For instance, a cryptocurrency investor needs to be on the lookout for all the newly emerging ICOs, as well as to closely monitor the development of digital money-related technologies. For this, you first need a reliable portal like The Blockchain Review, where you can get regular, verified updates. As for the software you use professionally, you might find better alternatives, but for this to take place, you need to be on a constant lookout.

  • Organizing your workday

Working from home is far from simple. For starters, you might even have a day-job, which would make these offline endeavors into a side-project of yours, meant to improve your household budget. At the very end, even if you’re just a freelancer, chances are that, most of the time, you won’t have work hours but deadlines. This means that your efficiency to organize your workday determines how much gets done, as well as how much free time you will have.

  • Planning for the long-run

At the end of the day, making money online doesn’t have to be just something you do to slightly boost your income. If you play your cards right, it has a way of becoming so much more. For instance, it’s unrealistic to expect that your pay-per-word (if we take the job of a content writer, for example) will remain the same forever.

The more work you do and the higher the results you achieve, the more you’ll be able to make. Furthermore, the longer you spend day-trading, the more efficient you’ll become and, at one point, you might be able to start day-trading as your main source of income. Still, seeing as how we already advised you to diversify, you’ll have to make some priorities.

Conclusion

As you can see, making money online is not a complex matter; however, there are several things that need to be resolved before you start. Picking the right tools, gateways and business practices are things you can resolve right away and then not have to revisit them in months and years to come. On the other hand, you also need to adopt the habit of closely monitoring the digital landscape for innovation.

Dan Radak is a marketing professional with eleven years of experience. He is a coauthor on several websites and regular contributor to BizzMark Blog. Currently, he is working with a number of companies in the field of digital marketing, closely collaborating with a couple of e-commerce companies.

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