2 Ways to make money online

money online

The world has changed quite a bit in the last month or so.  Ever since the story broke of the Corona Virus in China, the world has been on edge in regards to what has happened.  Schools have closed, restaurants are closed and complete cities are being shutdown to reduce the spread of this airborne virus.  The service industry has been hit hard as these people are more of the paycheck by paycheck variety. Restaurants are closed, so there are a lot less jobs out there.  In order to make money, people are going online to make some cash. Here are some ways that people are making money.

Write

People who are knowledgeable on a topic can apply their creative chops to writing articles.  Content on the internet is King and if you know something about a particular topic then you could command money writing about it.  There are plenty of sites out there that you can get steady work writing. Fiverr is one where you can get writing gigs on any topic.  If you are well versed in vape knowledge, a site could commission a piece on blow clouds with vape juice that you can purchase from internet retailers like smokingthings.com.  For a site like Fiverr, you use their platform to get matched with a requester of a gig.  Once a price is agreed upon and the details are set, the writer will then start writing the piece and submit a final draft to the requester.  The requester can then read the piece over and if satisfied they click that they want the piece and the money which is held in escrow will be sent over the writer.  Of course, there is a fee for this and the buyer pays that fee as well. Of course, it is tough to just get a piece to write here or there, so it is important that you stay focused and try to get as much work as possible.

Day Trader

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The job of the day trader is to find inefficiencies in the market and try to capitalize on those inefficiencies.  The caveat here is that you need to have some money before you can day trade. There are various strategies that you can employ to make this happen but the biggest thing is to buy low and sell high.  If you feel that a stock is low or undervalued, you can purchase some shares in the stock and when it rises, you can sell it for a profit. For example, if a stock was $10 and you believe that it is worth $15, you could buy some shares.  Lets say you purchase 100 shares for $1000. A week later, the stock moves up to $15 and you sell your 100 shares for $1500. If you take out your initial investment, you gain would be $500 bucks or $5 a share increase. Of course, you would need to take out the fees your brokerage account charges, but that is quite minimal these days.  It is risky to do and there is a lot of opportunity that the stock could go down, so you should always be careful when trying to day trade.

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