Ways to Make Money on the Internet: Unlock a Digital World of Potential

Money has the potential to empower. It’s not the only thing you should focus on in life, but it is an integral part of the modern world. We know this, which is why we have a whole segment dedicated to success stories and those who have climbed the ladder.

From Temitope Onitiri, a partner at KPMG, to entrepreneur Ebube Akah, we’ve spoken to trailblazers in the business world. These stories are designed to inform and inspire, but there doesn’t mean you have to stay on the sidelines. The internet has created a world of opportunities for those with the drive, ambition, foresight, and determination to succeed. Yes, you might need a bit of luck along the way, but there are more ways to make money online than ever before.

Perhaps the most fashionable and exciting way to make money online is via social media. Breaking through is certainly harder than it’s ever been, but the best people can rise to the top. If you can create original, engaging content, you’ve got a chance to generate some income from social media.

It’s important to set your expectations fairly low at the start. Unless you’re very lucky, you won’t make anything for a while. However, if you’re consistent and focus on quality, revenue streams could open up.

Think Outside of the Box

For example, once you can monetise a YouTube channel, it’s possible to earn $0.12 per view. This is an average rate. Some YouTubers get more, some get less. When you factor in things such as ad blockers and people skipping adverts, the actual amount you receive per view could drop as low as $0.003. But, even at this rate, you could still make $3 per 1,000 views. And, as your channel grows, the amount you receive per view could increase. This AdSense calculator will give you a general idea of what’s possible if you’re interested in becoming the next social media star.

Another potential source of income is online trading. People wanting to buy and sell things such as forex (currency pairs) or stocks used to need a broker.

You would call the broker and tell them the orders you wanted to place, and they’d use their connections to the financial markets to place them. Today, you can use an online broker that offers access to digital trading software such as MetaTrader 4. So, instead of calling someone, you can use your computer or mobile to buy and sell. What’s more, the conditions are designed for all traders.

Nothing is Certain Except for the Potential of the Internet

For example, an online forex trading app gives you access to 34+ currency pairs and the ability to speculate on prices increasing (going long) or decreasing (going short). The fees (spreads) are also kept to a minimum because digital technology makes the markets more accessible and, therefore, more affordable. Of course, there are no guarantees in trading. You can lose money as well as make it. However, it’s another way you could make money via the internet.

It’s tough to start a business, especially online. According to Shopify, over 20% of new businesses started in 2016 closed in their first year and, by 2021, almost 50% had disappeared. But just because something is hard, that doesn’t mean it’s impossible.

What’s more, if it were easy, everyone would do it. Running an online business is not only possible but potentially profitable. Processors such as Shopify and PayPal make it easy to handle transactions, and you can keep your advertising costs extremely low by using social media.

Add to this an ability to reach customers around the world, and it’s entirely possible to harness the power of the internet to run a successful business.