Online business is taking the world by no surprise.
As more computers and fast WiFi are becoming free and readily available, so is the online world.
The great thing about many online businesses today is that they don’t require a degree or a higher education.
Online business is the way to go for entrepreneurs and people who are sick of the 4×4 cubicle life.
Be your own boss, work when and where you want, but only much time and effort will show the true outcome.
I’ve learn everything about the online world by myself, although I did paid a little for the front end cost and lots and lots self learning.
If you have the money but no time then all of these have online courses you can pay and that will help save you a vast amount of time and you will actually learn faster and more precise on how to start that business.
In fact, after knowing the business you can even hire someone to manage your business and slip the profits 50/50 or whatever you deem fit.
19 Online Business You Can Start Now To Make A Good Living Part 1/2
Let’s get started on these 19 awesome and simple online businesses you can start. (Part 1 will only cover #1-7 due to the length of this page)
Amazon FBA
Affiliate Marketing
Online Blogging
Drop Shipping
Youtube
Kickstarter/Indiegogo Campaign
Stocks/Investing/Cryptocurrency
FOR THE ORIGINAL WORK/ARTICLE visit here > https://easylifejourney.com/online-business-part-1-of-2/
Please support the original creator by visiting their website www.easylifejourney.com
19 Online Business You Can Start Now To Make A Good Living
1.
Online business is taking the world by no surprise.
As more computers and fast WiFi are becoming free and readily
available, so is the online world.
The great thing about many online businesses today is that they don’t
require a degree or a higher education.
Online business is the way to go for entrepreneurs and people who are
sick of the 4×4 cubicle life.
Be your own boss, work when and where you want, but only much time
and effort will show the true outcome.
2. I’ve learn everything about the online world by myself, although I did
paid a little for the front end cost and lots and lots self learning.
If you have the money but no time then all of these have online
courses you can pay and that will help save you a vast amount of time
and you will actually learn faster and more precise on how to start that
business.
In fact, after knowing the business you can even hire someone to
manage your business and slip the profits 50/50 or whatever you
deem fit.
19 Online Business You Can
Start Now To Make A Good
Living Part 1/2
Let’s get started on these 19 awesome and simple online businesses
you can start. (Part 1 will only cover #1-7 due to the length of this
page)
1. Amazon FBA
2. Affiliate Marketing
3. Online Blogging
4. Drop Shipping
5. Youtube
3. 6. Kickstarter/Indiegogo Campaign
7. Stocks/Investing/Cryptocurrency
8. Web Cam
9. Twitch/Videogaming
10. Coaching/Online Course
11. Free Lancing
12. Digital/Social Media Marketing
13. Web Designer
14. Language Teacher
15. Fashion/Arts & Crafts Online Store
16. Motivational Speaker/Coach
17. Online Dating Coach/Expert
18. Online Fitness Trainer/Course
19. Writer
On this list #1-7 we (I) have actually done or are still currently doing,
so I can give you personal experience and tips and not random, made
up information from all around the web.
4. 1. Amazon FBA (Full-Fill By Amazon)
*This is what your Amazon FBA dashboard will look like.
Amazon FBA tops this list because it’s mostly passive and I am
currently doing it and it’s the reason why I can be a full-time writer and
blogger.
I’ve been selling on Amazon Since Early 2017.
40-50% of the items on Amazon are actually sold by 3rd party sellers
like me and not actually from Amazon.
Although 95%+ is made in China, but good quality and good price!
Like all online business, some require more time and more knowledge
and Amazon is no exception.
Let’s break it down 1 by 1. How to get started on Amazon FBA.
5. 1. You need about $3000 to start. (I went beastmode and started
with 3 items for a total of $30k my first time, I suggest you don’t
do that!)
2. Buy or download all the require Amazon software to track
keywords and top selling items that are not very saturated or
competitive.
3. Step 2 is VERY important. If you sell saturated or competitive
items you will get WRECKED! (Do your research diligently and do
not skip on this step. Sometimes it could take you 1/2 a year to
find a really good product)
4. Once you think you have a winning product, it’s time to test
order.
5. I suggest Alibaba.com, find all the Chinese sellers that are selling
this product. Make sure they have been in business for 3+ years,
have a good rating, and good quality assurance (meaning the
item is good quality and they will refund you for damage goods
for most reasons.) You may have to contact 5-30 suppliers.
6. You must order a sample quality and test to see if it is to your
liking. To be honest, out of 10-20 suppliers you contact maybe
only a few will reply back, only a few will actually give you a good
price, and only a few will have that item in high quality. So don’t
think you have to test order 50 of the same items. You will
6. usually only deal with 3-5 suppliers for that particular product.
And then finally 1.
7. After testing the product (takes 1-2 weeks to ship from China)
from the 1-5 suppliers, you need to see which one has the best
quality and price. Always go for quality!
8. You must start low, test order 300-500pc and ask the supplier for
the lowest and best price since you will be a long time business
partner with them. (Just write that in the message even if you
don’t plan to be in this business in the long run b/c of whatever
happens.)
9. Here is the long part. Amazon FBA is becoming more and more
competitive and Amazon is not BS’ing anymore. They require
sales and state tax. If your state requires sales tax to be paid
then you must do so. Set this up as a real business and get all
the licenses and requirements to start a business.
10. You can modify or even add more items to your original item
to make it a bundle on Amazon. Let’s say you sell facial creme
then add a brush along with the facial creme. Amazon
customers would rather buy everything at once than look all day
through out Amazon. Make a logo for your brand and put that on
the package and the item so you stand out. You have to create a
7. descriptive summary about your item along with 7 good images.
(Hire someone to take photos.)
11. The Chinese Supplier will air ship your first order unless it is
big then they will sea ship it. For sea shipping you need a local
custom agent and 3rd party freight forwarder (do the shipping
part), you can search on google and they can help you. If you
want I am using Caribex, they give me the best sea shipping
rates and they are also a custom agent (do the paper work).
Sometimes your supplier can do sea shipping for you.
12. You have to ship the 1st order to you house or near your
house so you can inspect it. Make sure everything is in sell-able
condition and nothing damaged and if so, email your supplier to
fix it. My 1st item took me over 1 month to re-fix everything.
13. After all item is in good condition, you want to put the barcode
(make your supplier do this, all items need a barcode which is
the FNSKU which is required by Amazon). When you make a
shipping plan on Amazon.com you can print out the barcodes.
Signing up for Amazon gives you your own personally dashboard
to upload inventory and do everything you need to. You have to
put the shipping label on each carton and ship that to Amazon.
Amazon has rules about the carton size, weight, and how many
items can go in each carton.
8. 14. Once you ship these cartons to Amazon, then you need to get
reviews for your item. If no reviews then usually no sales. People
want social proof. Ask friends and family members that DON’T
have the same last name as you to buy and review your item.
BUT Amazon is getting strict, to be safe, for every 3 item bought,
you can have 1 review. If you have 3 friends/close family
members leave a review then that triggers Amazon algorithm
and the review may not be counted. Delete these people from
your facebook friends.
15. You have to pay for PPC (Pay per click) at first in order to rank
for the keywords and get people to know about your item. I spent
over $3000 on PPC for my 1st product in 6 months. Today I
spent $0 and it sells very well.
16. That’s it! If after 3 months this item does not sell well then go
to another item. Not all items are winners. That’s why product
research is so important. You will lose money at first but that’s
ok.
17. Tips:
● Sign Up for the monthly membership, it’s actually cheaper
in the long run.
● Sell items around $20-49.
9. ● Prime Day is the biggest sale day for Amazon. Make sure
you don’t sell out and get as much inventory as you need.
● Learn how to do lighting deals on Amazon, (selling your
item at a discount with a fee of $150-$300 for 6-8 hours)
you can make extra profits if you do it right.
● Don’t sell seasonal items like toys, summer, Christmas,
etc.
● Don’t compete with Amazon or big brands. Make your
product high quality and have a logo and create a brand
for yourself.
● If your item is a winner, ship in 20ft or 40ft container, you
will save an insane amount of money on shipping. (Look
for a 3rd party warehouse storage and shipper, I travel the
world and have my items shipped from China to Los
Angeles, they take care of everything! It’s call PCI
logistics.).
● Q4, which is Oct-Dec is when people buy on Amazon like
crazy, but storage fee is 3x more than any other month so
plan accordingly and don’t sell out of inventory but also
don’t rack up a huge storage fee if your inventory is just
sitting their during Q4.
10. ● Amazon has all the rules and guide on how to get started
selling on their platform. You can even sell as an
individual if you don’t want to pay the $40 monthly plan
but for each item you sell Amazon takes $1 extra on top
of their other fees. So if you sell 40 items a month or
more then the $40 monthly plan is better.
● You can even sell the same item from your home or a
warehouse meaning more money. The same item can
have 2 different listing. That’s what I did.
● Expect 20-40% with 30% as the norm for your profit
margin.
● You won’t make money the first few months so don’t
worry, you need to get exposure, reviews, and momentum
before sales starts pouring in and if it doesn’t then move
on to a new item.
11. 2. Affiliate Marketing
Amazon, Shopify, ClickBank, and many websites and online
companies deploy people like you and me to make extra business for
them.
Many bloggers and online business rely on affiliate marketing to earn
an income.
Easy guide on how to do affiliate marketing.
Affiliate marketing is when you sell a physical or digital
product/service through your website store/social media/blog and get
commission for it.
12. 1. Write a review site or a blog on your
website/youtube/instagram/or anywhere online about that
product.
2. That product will have a special URL that points to Amazon or
whatever website when the readers click on the link.
3. If they buy it, you get a commission. You have to set up all this
beforehand but it is easy.
4. You have to sign up with whatever company that you are affiliate
with. (Here is the top 30 affiliate companies you can start with)
5. You can sell anything today and get commission. Realestate,
insurance, banking, investing, products, services, etc.
6. BUT it’s not that simple. Your site needs to look legit and
professional. You have to create a clean site and have photo,
nice reviews, and a legit description about that item. What
makes this item stand out from the others?
7. Don’t skip on a clean and professional website, no one will even
read your reviews or blog if it looks like a 3rd graders side
project.
8. Sell higher price items. If you sell a $1 item and it makes 5%
commission, that’s $.05 each sale. Hmmnn, unless you’re selling
like 1000 piece a day then go for it but imagine selling a boat or a
13. high end item at $25,000 and getting 3% commision, that’s $750.
Not bad at all!
9. Tips:
● Affiliate marketing takes time but can make you good
money, it’s passive income.
● Set up your site like a real site but you don’t need a
business license or deal with people like Amazon FBA.
● Sell high price and quality items.
● Have multiple sources like a
website/youtube/instagram/etc. don’t reply on just your
website to make you money, more sources means a
higher chance of getting a sale.
● Work with as many affiliated partner sites/company as
you can.
● Get active on social media and you can even sell affiliated
products using social media.
● Create a name or brand for yourself. Everything is getting
more competitive and only the best will get results.
● Check out sites like https://www.thisiswhyimbroke.com/,
https://thewirecutter.com/, or here is a list of the top 19
affiliate sites which you can mimic and learn from them.
14. 3. Online Blogging
*WordPress the most use software to start blogging, affiliate marketing, and building websites.
This is another easy and time consuming online business.
1. Write what you love and are passionate about. It makes it so
much easier and more enjoyable. If you love cars and write about
houses because it makes more money (assuming), but have no
passion about houses, then the chances of you succeeding as a
blogger will be quite low.
2. EasyLifeJourney.com we write about how to make your life
easier and live better. We don’t include things like travel guides,
hotels, picking up girls even though these niches make great
15. money. Stick with one niche and expand on that. Trust me one
niche can have 100’s if not 1000’s of topics.
3. Again, you need to spend some time, like 6-12 months. Write as
many articles, blogs and/or reviews about your niche. We write
about health, wealth, inspiration, and lifestyle but it ties with the
name and brand of our website. The more info you have on your
website the more credible and trustworthy it looks.
4. Think long time like 1-100 years. In just the last 30 days I have
put at least 12 hours everyday of serious work on my website
and social media for Easy Life Journey. In a year from now it
could very well pay off. Many will give up because they need or
expect quick money, but online blogging is not the case. One of
the best ways to earn money is through passive income but it
takes time to see results and perseverance.
5. You need visitors on your website. In order to get that, you need
information on your website. Google SEO will pick up your site
when someone types a keyword so if you don’t write anything
informative then no one is going to bother even reading your
blogs, however this can take time. Don’t expect to see results for
at least 3 months and that is if you are a really good writer with
well written keywords and have a great SEO in place. Google SEO
and how to rank websites.
16. 6. Do keyword and SEO reasearch! Super vital! These are the 6
tools/sites that we use to help us write. Let’s be honest, do you
want to write in your niche about what people are searching
about or do you want to write about whatever comes to mind?
We thought so, don’t spend months writing about something that
won’t get you nowhere or make no money unless you really love
helping people or have a bunch of free time or money!
7. Here at 6 FREE SEO/keyword sites to help you write about your
next blog, you may have to sign up for some but it’s easy and
worth it:
● https://www.thehoth.com/google-keyword-planner/
● https://ads.google.com/aw/keywordplanner
● https://www.wordstream.com/keywords
● https://www.wordtracker.com/
● https://app.kwfinder.com
● https://searchvolume.io/
8. Sign up for wordpress and you need a hosting provider. We use
siteground, after many reviews and testimonies, I believe
siteground is the best (so far). I have used godaddy and bluehost
before and they are also cheap and have great support. If I don’t
like sitegound then I will update this part. A hosting provider
stores your info like blogs, photos, and so on in their file. You
17. also get to create as much email as you want. Also your control
panel allows you to update and config some changes to your
website that are required. You must get a hosting provider, this is
not an option. There are plans you can choose but start with the
cheapest then upgrade if you want, also do auto renew so if you
forget a year later then nothing happens, but if you decide to shut
down your blog then just cancel the renew service.
9. Tips:
● For starters go for keywords with 50K searches or lower a
month.
● Go for less competitive and less CPC (cost per click, like
PPC for Amazon).
● Each blog needs at least 1800 words (this guide has
about 5700 words).
● You want to get to the point and provide extra useful info
but don’t rant uselessly.
● Provide creditable external backlinks and internal links
from your site to boost SEO. (I recommend 2-5 external
links for every 1,000 words)
● Spend at least 1-3 weeks learning about SEO and keyword
ranking!!!
18. ● Make your website look AMAZING, don’t get a free
website, paid for a good design and for tools. You have to
spend money to make money.
● Making a website can be hard especially for beginners
and if you don’t know any html or css or java coding like
me then it could be a little hard. When you get a theme for
your website make sure there is good support. I have
revolution theme by themeforest which is only $49 and
has free unlimited support for 6 months and $15 extra for
another 6 months of support. It is a drag and drop theme
which means no coding. It can still be confusing at first
but after a few weeks it will be easier.
● You should learn how to create your own website
anyways since it will be faster in the long run if you need
to fix or add something. Going through support can take a
few days.
19. 4. Drop Shipping
*This is what your Shopify dashboard will look like.
Drop shipping is like Amazon FBA but for stoners.
We meant it’s more chill and maybe a little easier.
You don’t even need $500 to start, no business or license documents,
no custom agent or shippers, and you don’t even need to inspect the
items unless you want too, you just need literally a computer and
internet.
Drop shipping is mainly used with Shopify.com through Ebay, Amazon,
Shopify itself and many other sites.
20. You can sell physically anything from shirts, to services, to whatever
you want!
Basically you sell items directly from the seller without them even
knowing, they ship the items to the buyers, and you make the profits.
1. Aliexpress.com, Amazon.com, and Ebay.com are one of the top
sites that people use for drop-shipping.
2. You create your Shopify site which is $29 a month and a 14 day
free trial or your own. You upload items on the website and make
the images, reviews, and description. Make it look professional
like a real online retail store. Visitors should not know it is a
dropshipping store. Softwares like Oberlo can do all that for you
and save you time.
3. Now here’s the thing. In order to attract customers, you have to
do facebook advertising. We can write a whole new page on
facebook advertising. Learn the ups and downs of FB
advertising, almost everyone who dropships uses facebook
advertising to advertise their products. (or hire someone else to
do it for you)
4. You have to create an effective and eye catching video or image
slide ad. You have to learn how to target certain people,
demographic, niches, and so on. If you just throw a random
facebook ad then expect nothing in return. Facebook is even
21. cracking down on stolen videos or other copied ads so you may
have to start making your own ads or you can use a few other
ads and combine them into one but only take out the vital info
from each ad without their logo appearing on your FB ads.
5. You can sell your items for as much as you want, but make it fair
and sell high quality in-demand products.
6. Drop shipping has 2 parts, the product research and facebook
ads. You must master both!
7. Tips:
● Product research is vital.
● You may have to test at least 50 products before finding a
real winner.
● Drop shipping is a very competitive online business now.
● Everyone is selling the same crap over and over, make
your website or product stand out. Maybe add an add-on
or do whatever to make the item more “unique”.
● Also if you don’t know how to effectively use FB ads and
scale it, then you are doomed.
● I spent over $3K on FB ads and 5 months with 8-12 hours
a day on drop shipping and tested at least 20 products
and was never successful. Maybe because I was selling
saturated or over competitive items or I didn’t test enough
22. items. (I received many high relevancy score of 8-10 on
facebook dashboard. The rating scale for how good your
ads are from 1-10.)
● Just don’t get overwhelm if everything doesn’t go
according to plan. Move on, live, and restart a new!
5. Youtube
*This is your Youtube dashboard.
Youtube has become the #1 online place to go for video and even for
news, reviews, education, etc.
23. In fact it ranks as #2 for the most visited website in the world with 24
billion users a month!
You can make serious money on youtube but long hours and time is
no exception.
We started our youtube channel in mid-August 2018, so we are still in
the very early stages.
Youtube is very simple out of all the online business that we (I) have
tried.
It requires little skill, no need to set up any licenses or business,
requires very little money to start, but it takes time to notice results.
1. If you’re serious about youtube then get a real camera.
Preferable one that can focus on objects and people. New
phones are good as well if you are on a budget.
2. Think of a name and stick with that. Make a nice logo and also
set a brand for yourself.
3. What niche do you want to get in. Pranks and trolling is always
big, self-learning is great, makeup and fashion are huge on
youtube, videogaming is everywhere now, and so on.
4. Learn how to do video editing with premiere pro; if you want to
get super advance then adobe after effect is your go to software
but it requires professional skills and knowledge.
24. 5. Post regularly, the more the better but put quality videos. Quality
over quantity for everything in life. 3-5 minutes is the ideal length
otherwise viewers get bore but some videos require 10+ minutes
like documentary, how to’s, educational, and so forth.
6. Learn how to do youtube keyword and SEO just like writing a
blog.
7. When your channel starts to get views and attraction, this is
where you can start youtube ads or some big brands or small
companies can use you to advertise for them. You can also sell
your own items or merchandise or even do affiliate marketing or
drop shipping with youtube.
8. A few people got famous off youtube and are actors/actress
within the youtube community that attract millions of views per
month just like a regular Netflix show.
9. Justin Bieber, Jake/Logan Paul, Pewdiedie, and a few other
youtubers got super famous and make millions a month from
their channel and endorsements, but this is not the norm.
10. You need to get REAL views and subscribers to a certain level
before you can start ads. Use facebook communities, your own
website, other social medias to build a following and get notice.
It’s not create a channel and expect millions of viewers. In fact
25. there are millions of dead channels on youtube that never make
it past the 1,000 subscriber mark.
11. Getting your first 1,000 subscriber may be harder than getting
10,000 subscribers because you are just starting out. Unless you
create a crazy vital video or collaborate with another youtuber
that has 10,000’s of subscribers.
12. Tips:
● Think long term, your videos and channel will get very low
views unless you pay or advertise your videos online.
● Make as many high quality and valuable videos per week,
there is no limit.
● Collaborate with other well know youtube channel, you
may have to paid but it is worth it.
● After 6 months of consistent uploading and putting high
quality content, if you are not getting views or subscribers
then something is wrong.
● Comment and interact with your followers.
● Read the comments and see what they want, maybe they
want you to do a specific video or a vlog or answer a
comment?
● Follow all rules of youtube because after 3 strikes you
could be ban, also if you are suspended because of spam
26. or whatever then it could take a few months to a year to
get your channel reinstated. (IMPORTANT! Create 2
channels, just in case your 1st one gets suspended or ban
because you are not allow to create another youtube
account if one of your youtube channel gets ban or
suspended.)
● If you want to use videos or music that is not your own
then make sure you use a few seconds 5-10 seconds max
and change the speed, pitch, color,etc. so youtube’s
system doesn’t send you a strike.
● You can use these sites to get FREE videos/pictures for
you youtube videos. Also if you type “no copyright music”
on youtube, you can use those in your videos as well.
● https://pixabay.com/en/
● https://www.pexels.com/royalty-free-images/
● https://unsplash.com/
● https://www.videvo.net/
● https://videos.pexels.com/
● https://pixabay.com/en/videos/
● https://www.videezy.com/
27. 6. Kickstarter/Indiegogo Campaign
*Kickstater is similar, this is where you set up your campaign.
Do you have an idea (product), innovation of a product, or a new
invention that needs funding?
If so, then Kickstarter or Indiegogo is going to be your best friend.
These 2 platforms are big business with 1000’s of new products
added every year and both have raised billions of dollars in combine
sales so far, just from your money!
28. Basically you sign up for these 2 sites and fill in the required field of
your product.
You product can even be in prototype or even in the brain storming
stage.
You can launch the product whenever you want or whenever it is
ready.
1. Sign up on either platform (You can do both at the same time but
Kickstarter has a bigger audience).
2. Read about which platform you like better since both have
different rules and how you get paid.
3. (Optional but highly recommended) Start a leadpage or landing
page to collect emails and let people know when your product is
ready for launch.
4. Do facebook advertising or advertise with other websites or
social media, or even set up a booth at an event. You want as
much engagement and to spread as much knowledge about your
product as possible. It is recommended you do this 3 months in
advance before the actual launch.
5. Create an ad video on the product, how it works, who is it for, and
so on. The ins and outs of the product. You also want a short
video within the product advertisement of your company and
team. Show the blueprint, design, take the product apart, and
29. everything vital about the project. You want to make the anxious
buyers thirst and crave your product as if they are in the room.
(Some company spend $10,000’s on a kickstarter campaign, we
meant just the video itself, so don’t be surprise if you spend $100
and your project is a big flop.)
6. You can set the duration of the launch. Some products are only
on the platform for a week while others remain for up to 45 days.
You get to choose.
7. Set up a bio about you and the company or team in the bio
section part. (The video ad too.) Create the best and super
informative page about your product. Both these platforms allow
you to add videos, gif, photos, and all kinds of cool things to your
product description, so do not be lazy on this part. It will be time
consuming and it may be better to hire a designer since doing it
yourself can take 100’s of ours. I know because I did everything
myself except for the 3D CGI animation and a month just on the
description section.
8. Set up special offers for customers who buy 2 or more or early
birds. Set a fair price, no one wants to spend $100 on a new
phone case unless you have like a laser shooter on there.
9. If you don’t reach your price goal (i.e. $50,000 for your project)
you can either collect what is available and ship out to the
30. customers or it’s all or nothing meaning if you don’t reach your
goal of the total asking price, you get $0 and ship nothing to the
customers. These 2 platforms take a fee though but it’s fair and
quite low about 5% of total sales. It’s free if you do not ship
anything to the customers. You can also re-launch your product
or new ones as often as you like. Which is great!
10. The shipping part is on you. However you will have the buyers
email, address, name, and other info which you can print out the
shipping labels and mass ship to all your buyers.
11. Tips: for more tips on how to start a kickstarter go here
● A few months before the launch, collect as many emails
and pre-customers as you can.
● The first few days of the launch are the most vital, you
want to get as many buyers so when other customers
look at this item in the later days they will see that it is in
demand and popular. I recommend at least 30-40% of
your final total price of the item, i.e $3k raised in 2-4 days
out of $10k is fine. (Have family and friends buy your
product and refund them, you don’t even have to ship it to
them, even you can do it!)
● Sell something that people want.
31. ● Do your research, you aren’t starting a business but you
are selling a product. If you think putting any product on
these platform is going to make you money then you are
dead wrong.
● I can confidently say that put as much money and work
into the video, description page, and advertising part. If
you do those successfully then you could your project
funded and maybe even make some profits. (There are
companies who have mastered project funding and make
huge profits each year selling way over priced items but
consumers trust them and know them.)
7. Stocks/Investing/Cryptocurrency
*Coinbase Pro is a popular buy/sell crypto site that I use.
32. The best time to invest in stocks or crypto was 1-100 years ago, the
2nd best time is now (maybe).
If you had invested in crypto as early as the beginning of 2017 or
before then the chances of you being rich or even a millionaire was
highly possible.
Netflix, Apple, Amazon, and other stocks have 5x or even 10x in the
past 10 years.
You can check out NASDAQ stock market daily of the top companies
you are interested in.
Apple became the first $1 trillion dollar market and Amazon will be the
2nd.
Investing is an extremely vast business, many people have lost a lot
and a few ever make a huge profit.
If you are patient and invest in the right company at the right time then
you are golden.
How to invest in stocks for beginners.
If you want to invest in penny stocks which are less risky but less
rewarding, then go here to learn all about it.
For penny stocks, is basically what it sounds like.
You invest in these smaller start up companies and buy 1,000’s or
more shares.
33. There are tons of penny stocks, not much different from the traditional
stocks besides the price of the shares.
Traditional markets rise slowly, very slowly actually.
Cryptocurrency can rise and fall at alarming rates so you have to
always watch it but is highly manipulated.
Bitcoin can rise and fall as much as 15% in a single day and some
altcoins can rise and fall even more!
I have invested almost 6 digits in cryptocurrency since the beginning
of 2018 which was one of the worst times to invest so I haven’t made
any profits.
Many people worldwide saw how cryptocurrency skyrocketed late
2017 and super early 2018.
During this time many got into crypto which was the worst time and
sold a few months later losing lots of money.
With stocks, being patient is the #1 rule to success and cutting your
lost before it gets worse.
Meaning, it is better to lose a little than a lot, or it’s better to be safe
than sorry.
In fact I’m planning on the long run, to sell all my altcoins as soon as
they go up or if I’m able to get back what I put in and just put most of
my investment in bitcoin since bitcoin is the main coin that dictates
the price of altcoins.
34. Also bitcoin is the king of bitcoin so if any coin is going to rise safely
then it’s bitcoin.
The higher the risk, the higher the reward, but don’t get to excited.
More people have lost money with investing bitcoin than making a
profit.
How do you expect profits to be made if everyone is winning?
You can’t, it’s just impossible, stocks rise and fall.
No machine or human can predict 100% or even a 51% of being
correct each time.
There is really no exact way to invest but there are tips.
Buy low, sell high is the #1 advice I can give you but when is low, low
and when is high, high?
That’s where you come in.
Investing isn’t easy, not at all.
It requires lots of manually research, some luck, and great timing and
knowledge.
You don’t have to invest with stocks or crypto.
The housing market is a great investment.
It always goes up and down but it’s not as volatile (liable to change
rapidly and unpredictably, especially for the worse) as traditional
stocks and not even close to cryptocurrency which is the most volatile
market.
35. With real estate you may have to get your hands dirty. (We don’t want
to cover real-estate, so let’s stick to stocks)
Do your own research and only invest in what you can afford to lose
and don’t let emotions drive you crazy.
People have committed suicide and put their life savings in the stocks
and crypto and have lost everything.
Bitconnect is a great example, at an all time high it went to $509 and
now it is about $1.
Lots of scams and hacks happen daily with crypto and ICO’s (initial
coin offering like funding for a new business start up) where millions,
if not 100’s of millions of dollars are scam or hacked!