General Plan & Strategy
Earning money online can be very difficult and probably a waste of time for people without a plan. Maybe you don’t have any money to start with or you’ve just decided to invest 10.000$ in online projects. In both cases you have to planify your online activities in details.
My general plan can be called ‘exponential growth’
It is better and much less risky to obtain 25% profit every month and reinvest it, than to obtain 100% profit every month without reinvesting.
Example:
Initial budget – 1000 USD
Profit per month ( average ) – 25%
Jan (1.000 $ ), Feb (1.250 $ ), Mar ( 1.562 $ ), Apr (1.935 $ ), May (2.441 $ ), Jun (3.051 $ ), Jul (3.814 $ ),
Aug (4.768 $ ), Sep (5.960 $ ), Oct (7.450 $ ), Nov ( 9.313 $ ), Dec (11.641 $ )
As you can see, at the end of the year my balance could be approximately 11.600. That means about 900$ (average) per month. The risk is minimized because the profit target is only 25% per month.
The big question is : How can be realized this 25% and in what circumstances (risks and investments)
Another important aspect of my plan is ‘activities diversification’ which is a common principle of investing funds (also important in money management and risk minimization).
My methods ( I earn from this methods, you can earn too ):
1. Sign-up bonuses
There are hundreds of online companies like (forex brokers, bookmakers, betting exchanges, etc.) which pay an initial amount of money depending on your deposit. You can get the whole amount of the bonus using betting exchanges like Betfair (by laying your bets when you rollover your bonus, and exclude any risk of losing money).
2. Google Adsense
This method doesn’t bring me more than 50$ per month but as long as it’s a sure way of making money is part of my online profit sources.
3. Selling digital products like e-books, dvds, audiobooks. It’s very important to create something interesting and useful. The content is essential. Trying to sell scams is not worth it.
4. Freelancer activities:
- Buying and selling small priced sites;
- Creating websites (using open source or free scripts) for friends, acquaintances. I am not a very good programmer;
- Solving small projects (50-100$ )
5. Selling on ebay
- Most of the time I sell second hand products (from clothes to pc components). Even my friends ask me to sell their item online.
6. Forex trading
There is no forex system that works every time. Don’t search for one cause you won’t find it. My system is simple :
- Not abiding by money management and risk minimization strategy
- Opening positions only when there is a huge opportunity. There can be even weeks without transactions. No real opportunity, no transaction !!! Most of my winnings come from trend trading.
7. Betfair Trading
- Trading on betting exchanges has nothing to do with betting for me. There is a small step from trading to betting. The risk of betting is huge. Trading is different. All the action must happen before the start of the game and the profit comes from moving odds.
- How much do I earn from betting exchange trading ? About 20% (average) per month.
8. Internet marketing
- This is a huge opportunity and can bring lots of money.
- Many small companies that can’t afford to pay huge amounts of money to promote their products, choose to advertise online.
- Search Engine Optimization and Search Engine Marketing
9. Last but not the least, making money from writing articles on sites like bukisa.com
- Don’t try to push this form of earning money
- Money have to come in a natural way. It’s like SEO
- The content of the article is the key to your money. This must be interesting and useful.
- Don’t forget to promote your article.
How much do I earn per month?
Approximately 25% of my budget from investing strategies and between 300-600 USD from other methods.
Is the internet a real source of money?
For me, YES ! And also a permanent source of money and not affected by global economical crisis.
Written by kempes
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