7 Main Ways To Earn Money Money Money

in #money5 years ago (edited)

We are all out here to make money and there are plenty of ways to make money. Too many, in fact but even with the multitude of ways to earn, all of us are still not millionaires.

Why is that? Probably because not all of us know which ones earn us the biggest and we don't know how to save or invest to grow our money.

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Personally I am not the best saver yet but I am doing my best at it while investing a little bit of what I earn too. It may be bad practice for some because, I don't have much savings at all! What a shocker. 😅 I keep doing the 52 wk challenge and never get to finish it. Ah well...

In order to be financially stable, it all comes down to three sources:

  1. Jobs
  2. Business
  3. Savings & Investments


What are the 7 Main Ways to Earn Money?

Let me list down the many ways we can earn money.

TL:DR

  1. Get a job.
  2. Start a business.
  3. Do Freelancing Gigs
  4. Join Get-Paid-to-Do-Something Sites/Apps
  5. Buy and Sell
  6. Have Sources of Passive Income
  7. Get into Trading


1 Get a Job.

Yes, for most of us common people this is where we earn our money after years of being in school. We study for more than a decade to become employees or to serve the country and the people by being doctors, nurses, teachers, soldiers, architects, engineers, lawyers, etc.

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This to me seems like the easiest way to earn money. The typical office worker goes to work for 8 hrs a day, 5 days a week and get paid bi-monthly (or however you are paid).

On top of that you get employee benefits and all that. 13th month pay anyone? 😅

2 Start a business

Once we have saved and earned enough money from our jobs, some people are then able to put up businesses.

Others go straight into business after graduating from business school or whichever professional course they graduated from.

Starting a business has it's own pros and cons. You'd have to decide on what business to put up, register to government agencies and then maybe hire employees, etc. From employee you now become the employer. Or from graduate you go straight to freelancer then employer.

It's a whole different ball game when you have your own business. At the start, you'd be your own product sourcer, marketer, promoter, content creator, producer, everything! Or you get into business with a partner/s. If it becomes successful then wow congratulations! If not, maybe you can try again. 😅

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You can start simple like buy from farmers and process the food into something else. Maybe buy sacks of flour and then make lots of cake, for example, if you have a bakery. You can buy fish from fishermen or hire them and then turn everything they catch into canned products like sardines or something else. Then sell them in bazaars or the local market.

Understand that everything is hard in the beginning, so if you will do business, you have to really be committed to doing it long term.

3 Do Freelancing Gigs

If let's say, you're not into having your own business you can choose to go the freelancing route instead. Offer your services for a fee.

If you can combine your job with some freelancing side gigs, go ahead! Work work work!

You can be a freelance writer, graphic designer, singer, events host, personal assistant, etc. Whatever your skills and education are, you can put it to good use by offering your services for a fee.

This one entails it's own pros and cons. You have to market yourself properly and look for clients, etc. You can join service websites like Fiverr to get clients too.

Being a freelancer can eventually also lead you to putting up your own business or company.

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4 Join Get-Paid-to-Do-Something Sites/Apps

Now this one I am all too familiar after the world wide web came into existence.

Get paid to write or create content

Bitlanders and Steemit is the perfect example of pay to write/create content sites. You need to create original content in order to get paid something. Bitlanders pays in $$$ via PayPal while Steemit can vary from cents to various amounts when converted to fiat. It depends on the current value once Steem/SBD is converted to your currency.

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Get paid to answer surveys

Survey sites like AIP or Toluna also pay you based on the surveys you answer. I've gotten some gift checks and PayPal payments from both but I'm not much into doing surveys all the time.

Get paid to watch ads

Haven't tried this yet but I think there are plenty of it out there. Do your research. 😊

Get paid to do tasks

This is where Spare 5 and other sites come in. Do simple online tasks to earn some $$$.


5 Buy and Sell

So you don't have a job, and you don't have a business or freelancing gig, well what are you doing with your life then? Have you tried buying something and selling it to someone who needs it?

What's that? You don't know how to sell? It's simple, find someone who needs something and produce/provide/find it and sell it for a fixed amount. Sounds easy? Yeah it does sound too easy. 😂

My gripe at being a seller is sometimes people don't always buy what they need even if they are dying from the lack of it. There are times I just don't understand other people who want to be duped into buying what they need before they even see the value of the product/service. Explaining and educating them abt the product will not make everyone see the value of it now unless they finally get desperate and realize the need when it's too late. Phoooey. I'm no exception to that when it comes to certain products or services. It's just how we humans are. If we lack foresight then good luck! 😂


Anyway, one way of buying and selling is you can buy cheap items people are selling in garage sales and sell them at a higher price online. How about buying a pair of poodles and then selling the puppies they make? It's up to you what you'd like to buy and then sell.

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These days you can easily sell products online more than anywhere else. But of course it's easier to sell when you also have a physical store people can go to. That's where the business side of this comes in.

By the way, have you ever heard of direct selling like Avon and Natasha? Being a distributor of products can also be buying and selling.

How about selling on eBay and putting up online stores or building an e-commerce business? See what I did there? All of these can be connected if we really want to make money.

Work work work! whiplash 😂

6 Have Sources of Passive Income

Hah, now this is where it all gets jumbled in my head. There are a lot of ways to earn passive income but you have to learn a lot and set it up properly before you do it.

I'm not one to just get into something without researching about it first. Not because someone recommends something means I will sign up immediately. It takes time to know what I'm getting into. Yeah yeah, blablabla, let me just get into it.

There are many experts out there who can classify these better. I might be mixing things up in here but here's a few sources of passive income I know about:

  • Stock Photo/Music/Movie Royalties
  • Affiliate/Referral Marketing
  • Dropshipping
  • Multi-Level Marketing
  • Crowdfunding investments
  • Real Estate investment (rentals or flipping or both!)


And that's it! That's most of what I know at least.

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In all of the above, the more the merrier.

You want to diversify? Pick and choose what you can immerse yourself into. There's even a buy and hold for precious metals (silver and gold, etc.) and some such.

Feeling overwhelmed? That's on you cause "we all wanna be rich, quick". 😂

Remember: Everything needs to grow and takes time before we can enjoy the fruits of it.


7 Get into Trading

What can I say, money makes the world go round. You think I was done? Haha there are more ways to earn money.

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This part is what they call your money making money for you. These are where people use other people's money all the time. Bla bla blah... So why not go into trading too to get rich eh?

  • Stocks Trading
  • Binary Options
  • Forex Trading
  • Mutual Funds
  • Cryptocurrency

If you get into all of the above, will you finally have all the money you desire? Will it finally make you happy? You won't earn much unless you understand how it all works. You'll probably lose a lot of money too especially if you don't know what you're doing.


There are Too Many Good Money Making Ways Out There So Why Aren't We All Rich?

Is Your Real Purpose Here on Earth to Be Rich, Wealthy and Powerful?

With all of the above mentioned ways to earn money, why aren't we all as well off as we should be? Why are there people still in poverty? What are we doing with our lives???

Lest we forget, we are here on Earth to experience the human life and be better people. Our souls have a different purpose in becoming human: to be enlightened or upgrade our spiritual selves.

!! ALERT !! ALERT !! ALERT!!

Crazy talk! 😂

Yeah I know what you're thinking... But... What do you think the church is teaching? What do you think all the other religions are here for? You think we're here to earn lots of money then die? What's the point of that when we can't take our riches when we die?

We're all here and we live and love and care for the Earth... Ooops we only care about ourselves, my bad.

Maybe I should end this article now cause you only want to know about earning money anyway. 😉

Of course we've all done some of the above list. I've tried and/or done almost everything listed except stocks/options trading, dropshipping, real estate investing, get paid to watch ads, and others not specifically listed here.

I started as an employee in the graphic design/advertising field, went into the BPO industry then had a short stint in life insurance. Now I'm a licensed real estate salesperson (agent). Aside from that I still design and write articles on the side plus am a distributor of all natural superfoods products like One Opti Juice. 💪
(Kung gusto mo rin maging distributor kagaya ko diyan sa lugar mo kabayan, basahin mo lang 'to. 😊)

Even with all that, guess who's still not as financially stable and rich enough up to now? I will get there soon don't worry. We'll all be successful as long as we keep putting in the work.

We all have our reasons why we don't get into any of the many legitimate ways to earn that's listed and not listed here. To each their own, right? It's best to choose which ones fit your beliefs, life situation and personality and don't just follow trends you have no idea about.

Do you have anything to add to the list?

Feel free to share which of the above things you're doing too and have been successful at so far.

Ciao!

XOXO,
@artgirl



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Written by @artgirl for Steemit.
© Art x Stephanie Rue

@artgirl is a freelance writer/artist & online seller. My Steemit posts may contain referral/affiliate/merchandise links.
Contact me for your art, Writing/Research & Metro Manila (NCR) property needs.

For business inquiries, you can chat me up on Steem.chat, Telegram or send me a Facebook message. Link in my bio.

DeviantArt prints here.


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