Making money is easier since the internet arrived than ever before. Nowadays, it’s possible to turn your hobby into a fully-fledged career. Okay, it’s not straightforward, but it’s doable enough that the average household in the US boasts a net worth of around $100,000.

Understanding that the World Wide Web is a way to enhance your wealth and using it to your advantage are two different things. For the latter, you need some inspiration to point you in the right direction. In this post, you’ll find four proven strategies revolving around the latest technology and the online sphere.

Freelancing

The great thing about freelancing is the flexibility it provides. Most people don’t have the time to invest in a side-hustle and transform it into a legitimate company. Thankfully, you don’t need to do anything other than find clients when you freelance, because you can accept and reject projects based on your workload. You don’t have to be a writer or graphic designer, either. 

Examples of positions where freelancing is possible to include everything from management consultation to recruitment and charity work. Platforms such as Freelancer and Fiverr are fantastic places to begin if you’re unsure and need guidance. Of the eight highest-paying jobs on Fiverr, the top bracket is between $2,000 and $3,000.

Drop Shipping

Launching a business is tough. The numbers vary, but some estimate eight out of ten companies fail after around ten years. Where start-ups are concerned, around 50% of them don’t see the light of day once twelve months have passed. When you look at it from this point of view, you may assume owning a business is a silly idea. 

However, dropshipping makes fulfilling orders simply because your wholesale partner takes care of this expensive aspect. They have the stock and delivery infrastructure and take care of everything order-related. You must do the rest – marketing, PR, social media, etc. – but at least it’s one less element to cause stress. Between 20% and 30% of online companies use this tactic, so it works.

Gambling

Betting to make money isn’t as played out as you think. The good news is, technology means the House doesn’t always win. Sure, the odds are in its favor, yet that doesn’t mean you can’t find value using simple tools to seize your chances. Take the topic of in-play wagers. The fact that you can watch a match, from soccer to cricket, and evaluate the action before selecting your market gives you a better chance of winning. 

Cricket is particularly lucrative in this respect, due to the number of cricket bet markets for a given format, such as the top run-scorer or the highest wicket-taker. By downloading an app, you can use the live stream to follow the action and place wagers via the in-play function to pounce on any irregularities.

Trade Cryptocurrencies

If you haven’t heard of the term “cryptocurrency” before, what have you been doing?! Cryptos are controversial, which is why trading them may seem like a risky move. However, adopting this attitude means you can’t benefit from the vast wealth of the industry ($2.48 trillion). 

Plus, you no longer need to mine Bitcoin or Litecoin to generate a profit. Instead, you can invest in stocks and shares and trade them on the exchange. As per any investment, you must be patient, but if you leave your investments long enough they may well result in positive equity.

The internet makes the world your oyster. How will you use technology to supplement your income and boost your wealth?


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Janardhan

I am a full-time professional blogger from India. I like reading various tech magazines and several other blogs on the internet.

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