Year: 2020

Life is full of money making opportunities. But you must know this, that an opportunity is only useful and meaningful to the one who is prepared. To the unprepared fellow, an opportunity is seeing as a normal life occurrence. To some, every life occurrence is an opportunity to make money. In this case, I would say, opportunities are everywhere. Many have read books on how to become rich, how to make money, how to create wealth, and so on. How about the other group of people who have always believed that the best way to become rich is to hustle harder, in simple term, hard work is the key to riches. Forgive me, but if this was true, Africa as a continent would be the richest. With limited technology, hard work has always been the one solution to attain results in Africa. So, to an extend, everything you believe about how to make money is true, but not 100% true. And if you learn from the billionaires, they don’t have only one source of income. They understand the side hustle language better. Although you have a major source of income, but you also have other means of generating revenue. That is what we will be talking about in this post. I might not cover a complete list of side hustles. And after reading through, you can also suggest more options for our readers using the comment box below.

List Of Ways To Make Extra cash

=> Mini importation: This is a very lucrative way to make money with Ecommerce. This particular way will benefit mainly the African nations. There are so many inventions that are not common to the whole world, especially a continent like Africa. I heard of a guy in Nigeria who did online shopping on one of these Asian online stores. He bought an item related to auto accessories, worth 8 Yuan without the shipment fee. But when this got to Nigeria, he sold it for 259 Yuan. It is not compulsory you start this business with a huge amount of money. Mini importation can be very lucrative. All you need do is know your targeted audience and understand what they want. Also be informed about what is trending. Now, search for some cheap Asian ecommerce stores, create an account and shop for your desired items. Don’t forget to buy online the quality items. To know the quality items, click the items to read customers reviews and product ratings. To stay on the safer side, go with 5 stars rated items, and at least 94% rating. Alibaba is a very good Asian online store that accepts international buyers, but it is expensive. From what I see, many other cheap Chinese shopping websites are being owned now by Alibaba. The cheapest and my favorite is 1688.com .It has very cheap items you can shop for. Do you know another cheap and reliable online store in Asia that accepts international buyers?

=> Selling Of Domain Names: This side hustle is not known to many. I must tell you that this pays. Buying and selling of domain names is one online business that can never be affected by the world’s economy. In this present world, the virtual world is proving to be the determining factor to many businesses success. For this reason, many business owners are moving their businesses online. And you know, you cannot exist online as a business without an identity, as this is what people will know you for. This is where the need for a domain name comes in. This also means, the need for domain names will always arise. Many have cash in on this. Check out the list of some domains that were sold some years ago: Voice.com for $30M in 2019, 360.com for $17M in 2015, Funds.com for $12M in 2008, Hotels.com for $11M in 2001, AsSeenOnTv.com for $5.1M in 2000, UpTeam.com for $12,000, MedicalCoverage.com for $18,000, MedicalBills.com for $12,000, etc. You can see more latest domain sales by doing some Google search on this keywords “domain sales”. If you are good at word combination, then you are just a step to riches.

=> Blogging: Many are familiar with this, but only a few number of bloggers are successful. Blogging is very lucrative, believe me. Blogmeloud.com is not my first blog. It is one of my new blogs. I can boldly tell you that, if you blog the right way, you can make at least $800 per month. I know a blogger who is making up to $10,000 per month blogging. I have also seeing a blog on personal finance blog that makes a $100,000 per month blogging. To make this possible, I wrote a post on How to create a blog that drives traffic and makes money for you   . You can also tap into this stream of income.

=> Digital marketing: You can also become a digital marketer and get paid to promote companies brands. This can be done in many ways. As an influencer, there are many agencies that can connect you with advertisers or brands. You also can pitch a proposal to brands with an offer to help increase their brand visibility online via social media or blogging. If you do not have a blog, no problem. Just work to increase your Instagram and Twitter followers, Facebook friends and followers, etc. You can get paid to share short post about a brand with your follows. This is like making money by doing what you love to do.

=> Investment: To grow your money, the best way is to invest it. Be careful. In the course of growing or increasing money, many have lost it all. Business is all about risk, but be wise. It is better to risk wisely and earn little than to risk and lose all. Don’t go for get rich quick scheme, where you invest your money and you are promised to have it multiplied withing the shortest days. You can invest in cryptocurrency by buying Bitcoin, Etherium and others. You can also invest in Real Gold as the value for gold does not fluctuates like that of dollar. This way, you are saving for the future.

=> Affiliate marketing: Many businesses offer you the opportunity of making money by having a share of the revenue the company generates through sales. You are expected to play a role in these sales. For this reason, you are proffered the opportunity to be an affiliate. In some affiliate programs, you will be provided with your personal website that is connected to the products or services. It becomes your duty to direct or drive potential or targeted audience to that page to generate sales or leads. Depending on the agreed percentage, you get paid for each sales generated during this process. Affiliate marketing is easier when you have an effective marketing platform, like a blog or website. But you can be successful without any of these. If you have a good audience on social media, or you are good at marketing, you can also generate sales offline. With your bucket, you can also fetch from this pool. There are many affiliate programs online with good CPA, CPC, CPS offers. From my list of favorite affiliate programs, I will recommend Karatbars gold investment and KCK capital agent program. You can also promote weight loss products and earn huge income. Don’t forget that about 80% women want to look slim. This makes your marketing easier, especially on social media. Register with Lose A Pound Daily to start making money s an affiliate. The revenue generated here is very huge. To register with KCK Capital as an agent, on their page, scroll down page to the page footer and click on “AGENT REGISTRATION” link to register.Have you heard of FIVERR? Their affiliate program is very attractive. Don’t miss out on their money making opportunity.

I hope this list of side hustles will take your finance to a higher level.

In the world of finance, there are rules to follow to keep one financially afloat. In the path to success, many have fainted, many gave up and just a few made it to the end. Even in this END that seems to some as the final stage, to others it the beginning of a greater height. From my understanding, education has a lot to play though, but it is definitely not the key to financial success. Having a college degree is an advantage, but there is more to this than it seems to you. Down here in Africa, there are many known top richest people that did not study in any college. They had no education. Oh yes, the same question hit my mind too. There must be a TRUTH one needs to know, understand and follow. In the absence of this truth, many business owners, in attempt to build or grow their businesses, took business loans, even with laid out plans, still got it all wrong. While other individuals, with little capital and with just few steps, hit the bull’s eye. This left some thoughts ringing in my head, pondering and chewing over possible causes of these irregularities or differences in the journey to financial success. To the spiritual folks, it is believed that the spiritual controls the physical. When one is not spiritually connected, your finance is affected. I don’t think this is true in all cases, as many business owners are not connected to any spiritual belief (atheist) or spiritually conscious, and are still financially buoyant. This brings me to the view point that a good college degree and spirituality are not all it takes to be financially successful.

From my understanding, success is a LIFE and to exist in such a life, you must live its lifestyle. It is very much connected with the mindset. In most times, having the right mind towards your business can really hand your business a boost. It is a life for the educated and non educated, the spiritual and non spiritual. In this life, you are to watch what you buy and how you buy, how you spend and what you spend on, how you save and what you are saving for, what you invest on and how you invest, what you think and how you think it, etc. When you miss one of these steps, others can be shaken. All it takes is discipline for you to thrive in this lifestyle. This article is also for bloggers, as blogging can be a very lucrative business too. Don’t forget that many are making at least $10k per month from blogging. I know of a blog that makes $100k per month blogging. This post is for everyone. Below are things you should and shouldn’t do.

=> Do not be too quick to live on your business profit
This simple and righteous looking act has made many businesses stagnant, and also has caused the fall of many too. I called it righteous as it may seem right to many business owners to use their early stage business profits to pay workers, pay bills, and also cover other business expenses. Come on, isn’t this too much for a new business to handle. I remember when I told my brother these same words, first, he got it mixed up. I had to explain it deeper. I will give you this business advice. With the exception of your business capital, you can also have money to cover your workers payments, bills and business expenses for at least 3 months and allow your profit to grow for these few months. These helps you measure your business growth and also control your spending too. It does a lot to your mindset towards your business.

=> Before you make the move, keep all the dots connected
This is for the person who wants to kickstart a business. You must be careful with your approach and attitude too. You can ask those who have failed in their attempts to be financially independent. Some had focus but no determination. While some had focus and determination, but no energy to power their determination. There are many sources of energy. In this case, PASSION can also serve as your source of energy. If you can keep your focus, determination and passion connected, you will dine on the moon.

=> Don’t risk a business you do not understand 
Don’t approach a business without making thorough research to know its rudiments and possible loss that can be incurred. In most cases, people venture into a business because they are following the crowd of successful folks. It is not a bad idea. But be careful. Did you try to find out the challenges they faced on their way to the top? Many fell into a pit, but fortunately, there was someone there to help them out. Do you think it will be the same with you? Why don’t you ask that fellow to share his early experiences in his business journey. What if the person risked a 1000 dollars to start, but you can start that same business with half the price? And what if it is vice versa? And what if you choose to follow Mr A’s way to do that business and it later turns out that there was a better, cheaper and easier way to have done that same business and be more successful? What if the old approach to the early stage of the business is no more favorable? What if….? This can continue. In a nutshell, don’t risk a business you do not understand. And if you must risk it, then be sure to do a thorough research about the business. Everything is worth risking for, but risk wisely.

=> Save before you spend
I want to talk to those who are running a savings account with a bank. It is a wise think to save. With online banking, it has become very simple handle transactions without going to the bank. You definitely will need this to raise capital for your dream business. In attempt to save for business, many failed because missed it. If you are a salary earner, I will advise you do not spend a dime from your salary before you save. Remember, your monthly savings should not be a remainder of your salary, after your spending. Human wants are endless, and needs are numerous too. If you settle your needs first before saving, there is every tendency that your savings will be affected negatively. First, remove the targeted amount for savings. After that, you can do all your spending. Some people have great business ideas but no capital to execute these ideas. Although there are loans companies that can help you with a business loan or business startup loan to help bring your dream to existence. But if you choose to do it your way through saving up to raise capital, then this tip is for you.

=> Success requires the right mindset
If Mr B could make it big financially with his ice cream business, you can too. It is not always about how little a business is, but how well you can do that business. If you can know your business, have a focus, determination with passion and know your audience (targeted audience), you are bound to thrive. It does not matter how many people are in this line of business. Don’t forget, no matter the number of stars in the sky, or how big and bright the sun and moon are, the sky can still accommodate more stars. You just need to know those who need your light. Don’t be afraid to fail or else, you will be afraid to succeed. Approach success with the right mindset and you will overcome all obstacles with ease.

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The internet is a world full of money-making opportunities, and these opportunities online can either be free or paid for. One easy and free way to make money online is to provide important or useful pieces of information for readers online. And this is done through blogging. We have free blogging platforms and we also have paid blogging platforms. For the free blogging platforms, you don’t pay for hosting space. All you need is a registered domain name or you can use their free subdomains to operate. And for the paid blogging platforms, you have to pay to use their CMS (content management system) and everything else. Blogger or Blogspot is one good example of a free blogging platform. WordPress is an example of a paid blogging platform. In WordPress, you pay to host your blog, you also buy most of their very useful blogging features. There are other blogging platforms online, but the above two are the best online. In this article today, we will discuss more on blogging for money.

In real life, before you venture into any business, first you need to know why you want to do that business. This will enable you channel your energy and time toward the right direction to produce effective results. Same with blogging. Although, some people blog for passion. While some blog for a purpose. In either ways, you still need to ask yourself, “why do I want to blog?” If you fall in one of the below reasons, then, this article is for you:

• To make money
• To build your writing skills
• To express your passion
• To build a community online
• To become popular online and offline

Number one above is one common thought that easily pops up in every new blogger’s mind. Also, as a novice in blogging, if not guided with the right info, your passion or purpose might quench, after some time of blogging without expected results. Oh yes! You heard me right. This is why we are having hundreds of thousands of abandoned blogs online. You sure don’t want to fall into this category.

Below, we will be taking these steps in order of importance. I mean, when the first one is neglected, the next one suffers, same with other steps that come after.

STEPS TO CREATING A BLOG THAT DRIVES TRAFFIC AND GENERATES REAL REVENUE

Choose Your Niche:

I believe this is the determining factor in blogging. If you get this wrong, every other attempt or step will be affected. In choosing your blog niche, you have to be very careful, as this will determine your position in the market, the type of audience to your blog, how professional you are in that area and how much of revenue you will generate online.

Before you choose your niche, you must answer the questions below:

• How good are you in this niche?
• Can you create a lot of useful contents around this niche?
• Can your created articles proffer solutions to your readers?
• How long can you be active in this niche?
• How popular is your chosen niche in the niche market?
• Do you know your competitors in your niche?
• Can you compete with them?
• What is your niche search volume?
• Are you passionate about this niche, or are you purpose-driven?
• Does your niche cover high paying keywords?

Note: If your “NO” in the above questions is up to 3. I will advise you to choose another niche.

Also, I will advise that your niche should be useful and productive in the below ways a blogger can make money online:

> Affiliate marketing
> Sponsored contents
> Ad revenue (AdSense, Infolink, etc)

There are about 300 known niches online, but only a few of them are popular. Some are broad e.g Healthcare. Under this, we have Mental health, health and fitness, disease and conditions, weight loss and so on. So, when you choose a niche, focus on covering everything, and don’t narrow your niche to it’s sub-niche.

According to statistical reports, Personal finance is the most lucrative niche in the market. And the second most lucrative niche is Food.

Income of 3 Personal Finance Blogs:
ThePennyHoarder = $1M + per year
DollarSprout = $200K + per month
MakingSenseofCents = $100K + per month
Below are list of some blog niche to choose from:

Health
Food
SEO
Technology
Money making
Finance
Insurance
Weight loss
Lifestyle
Blogging
Parenting
Loans
Travel or tourism
Diseases and treatment, etc.

When you have carefully chosen your niche, then you can move to the next.

Choose A Domain Name:

Yes you heard that clearly. Everyone needs an identity online. To own a presence online, you need to register a domain name. First, search for a domain name that either speaks about your niche or about you or what you do. This will make your online marketing easier. Make it short and simple to remember, so that your audience can always remember your domain name and return to your blog. After this, you will need to search for a domain name registrar to register your domain name. But if you are using WordPress, you will also need to search for WordPress hosting, register and pay to host your WordPress blog.

Choose A Blog Design:

This also plays an important role in blogging. Carefully choose the right template or theme. I will recommend an SEO responsive blogger template, with an excellent page load time. Keep your widgets at the minimal rate, as too many widgets will cause your blog page to be very slow in loading. It will affect your SEO. That means very big loss in website traffic. Avoid adding JavaScripts or large banners to the top of your page. Your blog design should be user friendly and not offensive. Users should be able to navigate your blog easily without stress. Avoid too many colours. Be professional with your design.

Create Good Contents:

This is the life of a blog, good and original contents. This is what keeps your readers coming back again and again for more.

Don’t just write, help some: It is not just about the contents, it’s about offering solution to your readers. In other word, be a solution giver and not a time waster. Give your readers good reasons to come back again, with good and useful contents. That is how to make your name heard in your niche.

Remember, when you write or create a content or article, always remember to add those useful keywords that are related to your niche both in your post title and in your contents. This is very imperative. This is the Oxygen your contents need to survive and stay alive online.

Create Backlinks For SEO:

Backlinks are like blood that keeps your blog alive and working. Without this, surviving online will be very hard and stressful for you.
There are ways to build backlinks for your blog for free. You can do this by submitting your blog to top dofollow directories with high domain authority or high page rank, top dofollow social bookmarking websites with high pr, top profile creation sites with high PR, submit blog to search engines and more. If you can get as enough backlinks, there should be no need to pay for internet marketing. Another way to create backlinks and promote your blog is to add social sharing buttons to your blog, either below post title or below post body. With this, your readers can share your post with their friends on social networks. This means more traffic to your blog.

Place Ad On Your Blog:

As mentioned above, there are many ways a blogger can make money online and Ad revenue is one of them. You make money on your blog by displaying contextual ads. There are 100s of Ads companies online, but few offer high paying ads e.g. Google AdSense. This is the people’s favourite. And the best way to earn big with AdSense is to post good and rich contents with relevant long tail keywords related to your niche in your contents. Signup with AdSense and get approved to start making money with AdSense.

Affiliate Marketing:

This is another popular way bloggers are making money online., by joining affiliate programs and promoting or internet marketing products and services related to their niche on their blogs. There are thousands of affiliate programs online, but only a few are worth it. Some of these affiliate programs offer products and services with high sales rate or percentage, good affiliate marketing tools, mouth watering referral program, fast payment and so on. We have some recommendations for you: AdmitAd , Rakuten Advertising, Commission Junction.

Accept Sponsored Contents On Your Blog:

This is another way to make more money on your blog, by sponsoring articles about company, product or service on your blog. On Blogmeloud, we have so many sponsored contents on product and service review. This is one good way of generating revenue with your blog. But remember, never indicate an article as Sponsored. This doesn’t go well with Google.