Financial Tips 3: Making Money Through Technology
A friend of mine, during our discussion sometimes ago, made a witty statement. He said "if you are not making money with your device (phones/computers) and you are always online, then you are obviously wasting your time". These words sank deep into my heart and I realized that this era has presented to us a very potent tool to make money - Technology. With the advent of technology, many people are now raking in some bucks right from the comfort of their devices. As a matter of fact, technology has indeed simplified the process of earning. We shall continue in the Financial Tips series and here, we shall be looking at some ways in which someone can make money with the help of technology.
You will agree with me that when technology meets finance, wealth is created. Technology has so much affected humankind in ways we cannot imagine that almost every aspect of human endeavour is now under the influence of technology. Everyday we live, we come in contact with technology: from our everyday lives, to our daily hustles, to the efficiency of our works, etc. You will be right to infer that life in this era is a whole lot easier and that includes making money. It is true that the technology options to create wealth is almost inexhaustible, we will just talk about a few of them.
1. Online retailing
One of my friends once showed me how much he made by just advertising and selling products in his WhatsApp status and I was wowed. You can sell consumer products from your home with your devices and still make it big. The technology of social media has also made it easier for this to be done. With various social media - WhatsApp, Twitter, Facebook, Instagram, etc, one can advertise and sell their products. The good thing about this is, you may not even be the producer or owner of the product, you can just serve as an affiliate marketer and still make your profit.
2. Blogging and digital content creation
This point is already known to us, at least that is why we are here in the first place. People make money through blogging and creating of digital contents. This blogging can be done in Blockchain, just like we are familiar with. More so, you can also create contents for third party services and earn a living through it. I know a friend that all she does is to create online recipes for a major fast food company in this part of the world, and she is making mega money from it. To be effective in the blogging-sphere, you need to create your own desired niche and grow contents relating to it.
Image from Pixabay
3. YouTubing and other video creating platforms
Many of us are already familiar with YouTube, but some may not know that there are many people making a decent living by making video and posting on YouTube. Obviously, the adverts you normally see in YouTube videos while watching them are paid out to some people, so think about it. There are millions of channels in YouTube, if it wasn't profitable, no one will bother to be there. You can leverage on the viewership of YouTube audience to make money. You can start up a channel there too. Just like in blogging, you have to create a niche and make your contents relevant.
4. Cryptocurrency
The list will not be complete without mentioning cryptocurrency. Since the introduction of cryptocurrency, it has grown in leaps and bounds. The crypto space has many opportunities that one can leverage on to make money. Some buy and hodl coins, and when the price appreciates, they will sell to make profits. Some others do daily trade while monitoring market through charts and all. Even if one does not have a start-up capital for crypto, there are the airdrops that one can hunt and can start from there. As a matter of fact, groups abound that give signals on airdrops and one can be part of it.
One thing to understand about cryptocurrency investment, as well as some other forms of investment, is that you need to do a proper research before you invest. More so, understand that the market is not stable and it is very volatile and unpredictable, so you do not have to invest with your emergency funds or funds that, if tied down, will cause you a major setback. In the same hand, for those trading, know when to buy a particular coin, when to exit and when to take profit. This is very important because making profit is the singular reason why we invest in the first place.
Thanks for reading
