4 Ways to Make Money from Home

4 Ways to Make Money from Home

Living in a traffic-congested country like the Philippines makes a lot of employees want to work from home. However, most conventional employers want their employees to work in their respective offices leaving these employees no choice but to brave the everyday commuter life.

With today’s internet technology, there are a lot of ways to make money from home online. Employees can now make money at the comfort of their own homes. Below are some of ways to make money from home.

Start a Blog or Vlog

Blogs and Vlogs are considered virtual real estate nowadays. Just like real estate properties which are spaces that can be rented out to tenants or occupants, blogs and vlogs are virtual spaces which can now be rented out to advertisers.

Before you start a blog or vlog, determine your passion first. It is important to build content about something that is your passion or things that pick your interests. Don’t expect to make a lot of money from it especially when you start from scratch. It is this passion that will propel you to continuously build interesting content despite not making money out of it at the start.

When starting a blog, all you need to do is to have a domain name or URL and a webhost which will make your blog live over the web. For starting a vlog, all you need to have is a Youtube channel and a gadget that can be used to capture video (i.e. smart phone or digital camera)

Stocks and Forex Trading

Capital gains from buying low and selling high is the name of the game in trading whether in stocks or foreign exchange (forex). Stocks and forex are two of the largest traded markets. Fundamental and technical analyses are the two schools of thought that you need to master in trading.

Fundamental analysis talks about financial statement, management process, industry and economic factors of a company when trading stocks. Meanwhile, for Forex, it talks about economic, social and political forces of the pair of currencies that are being traded.

Technical analysis, on the other hand, is about forecasting the movement of prices using the study of past market data of price and volume.

Become a Freelancer

A lot of jobs nowadays are being outsourced to other people in the world called freelancers to save on labor costs versus employing a regular employee to do the job. There are a lot of reliable freelance sites over the internet like Upwork.com, Freelancer.ph and Fiverr.com that offers hundreds of outsourcing jobs.

As a starting freelancer, you will have to compete with other freelancers all over the world to get the limited jobs offered by the sites. You will have to start with lower per hour fees versus other established freelancers. You need to establish a good ratings from your clients before you can start increasing your professional fees.

Sell Online

A lot of people nowadays sell things over the internet. They buy stuffs from various suppliers at cheap prices and sell them at a higher price online. Sites like Carousell, Facebook Market Place, Facebook Buy and Sell Groups are just some of the sites to sell these items. Some even establish their own stores in apps like Lazada and Shopee.

The internet has truly provided a lot of opportunities to make money from home.

Tyrone is a passionate financial literacy advocate. He started this blog on November 2008 when he watched The Secret which talked about Law of Attraction because he wanted to become a millionaire and wanted to know how a millionaire acts. At the age of 26, he achieved his first million. To find out more about him, click here or follow him at Instagram

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