The volatility of stocks is often very high and depends on various factors, including the government's economic policies, interest rates, company performance, and geopolitical events. Sharp changes in the market may bring about significant short-term losses, particularly for investors who are more risk-averse.

Risk of Loss

There is no guarantee that the market value of your investment will rise. You may suffer the loss of a major portion of your investment if the company underperforms or there is a market downturn. Unlike fixed-income investments like bonds, stocks do not provide a guaranteed return.

Dividends and Capital Gains May Be Taxed 

TRADE CRYPTOCURRENCIES

Surely you have heard of Bitcoin, Ethereum or Dogecoin. They are digital currencies backed by a relatively new technology called “blockchain” or chain of blocks in Spanish; This grants the level of security required to be able to use them safely.

Cryptocurrencies like Bitcoin have a promising future in terms of their usefulness: to trade freely between different economies, reduce transaction costs and depend less on governments. 

But as a financial asset, it has many critics and also many fans and investors who are willing to bet their entire assets on these coins.

Trading currencies / make money online

why is the stock market interesting?

The most recognized worldwide, Bitcoin, has experienced exponential growth on two occasions : the first throughout 2017 that rose an amazing 1,797.7% between the beginning of the year that its price was $349.00 for each Bitcoin until its maximum peak of $19,166.98.

Prices seemed to adjust after this with a sharp drop that hit a low of $3,194.96 on December 15, 2018, giving credence to theories that cryptocurrency was clearly a financial.

But from then on, and especially in 2021, prices began their upward run again , reaching a peak of $63,346.79 on April 15, 2021. An increase of 116% since the beginning of the year! But as you see in the chart below, they have fallen again.

And those high returns are what make it so attractive , the problem is that you must have a good knowledge of these cryptocurrencies, the factors that affect their price and understand the signals to know when it is a good time to buy and sell because if you do At the wrong time you can lose a lot of money . 

For example, if you bought a bitcoin at $58,049.19 on April 6, 2021, thinking that prices would follow the upward trend and you would have needed the money on May 30, 2021, you would have sold it at $35,749.55, losing $22,299.64. .

The volatility of Bitcoin (volatility is a measure of the frequency and intensity with which prices change). 

Keep in mind that since the prices have grown so much since its launch, where it was trading at less than $200, the changes between that period and when the price starts to grow in 2017, are imperceptible due to the scale of the graph and this happens with each increase. price exponential.Where volatility is best appreciated is in the last period between 2020 and 2021.

PROS OF TRADING CURRENCIES

• High potential to earn money quickly
• In the long term it can stabilize and patience could pay off
• Extensive amount of information and learning opportunity

CONS OF TRADING CURRENCIES

• Volatility and a lot of risk to invest in the short and medium term
• you need money to start
• You should invest money that you don't expect to need in the near future
• If you want to live from this you need a high level of capital

3. CREATE YOUR ONLINE BUSINESS.

There are countless possibilities to do it. All it takes is an idea and the decision to execute it . And you can make it grow as much as a physical business or limit it to being just you who operates it, for example, with a personal brand. 

And the good thing about creating your online business is that if you do it right it can be your main source of income.

Some require more investment than others, but the ideas here are designed to start a business with the least amount of money possible .These are some:

CREAT YOUR ONLINE ACADEMY: 

With a little knowledge about web pages and time to create it, you can do it on your own. If you don't have the time or the knowledge, you can hire people to help you with the creation of the website and the designs. 

The rest is to use your knowledge and experience in any subject of your understanding and upload recorded or live courses that you can charge through credit card payment platforms.

Sell ​​SAS (“SOFTWARE AS A SERVICE”): 

Before, most companies bought the software to install it on their computers, little by little, with the creation of the clouds; service providers and new brands have been migrating this form of business to offer the service from the cloud . 

This means that the software does not have to be installed on company computers , the program is directly accessed from the internet. One of the clearest examples is Google Docs, you access spreadsheets or writing directly from the internet without running any program. 

If you have an idea and you are not a programmer, it is recommended that you find a partner who knows it and set up this business together.

CREATE AN ONLINE E-COMMERCE BUSINESS

If you already sell something and have customers, it is very likely that there are more customers who want to buy from you online. If you want to expand your market, this is a good idea . Or if you want to start selling something, you can also analyze if this is a good option for you. 

Online E-commerce business / make money online

The truth is that creating an e-commerce is also quite easy with some time to learn how to do it . Online courses, free and paid tutorials can help you little by little to create your online store. If you want to speed it up, join or hire someone with experience, Check more opportunities where you can start a successful an e-commerce business

DROPSHIPPING

It is almost like an e-commerce, the difference is that in e-commerce you must take care of logistics and production (in the case of a physical product). With dropshipping, a third party makes the product and is responsible for sending it to the customer , you are only responsible for selling the product .

SELL PRODUCTS ONLINE: 

They are downloads and you can practically sell whatever you want. It would work the same as an e-commerce but it is not about physical products. Some ideas are: sell specialized recipes, technical guides, electronic books, video tutorials, among other different formats of some type of product that solves someone's need.

As you can see, only among these options you will have already come up with an idea and you can execute them with a low budget, but if they require your time and dedication to make it work, grow and you can live from it.

PROS OF SELLING PRODUCTS ONLINE

Global reaching

Selling products online allows businesses to reach customers worldwide, breaking geographical barriers. Unlike traditional brick-and-mortar stores, e-commerce platforms make it possible to showcase products to a global audience, expanding your market potential significantly.

Low operations cost

Online stores typically require less overhead than physical shops. Costs related to rent, utilities, and in-store staff can be minimized or eliminated. This cost efficiency allows businesses to focus resources on marketing, product development, or offering competitive pricing.

Available 24/7 ( Easy Access )

An online store is open around the clock, providing customers with the convenience of shopping anytime, anywhere. This continuous accessibility can lead to increased sales and better customer satisfaction, especially for those who prefer shopping outside traditional hours.

Scalability and Flexibility

 Online platforms make it easier to scale your business. Whether adding new product categories, targeting new regions, or running seasonal promotions, e-commerce systems are designed to adapt to growth and changing market demands. Sellers also have the flexibility to test and refine their offerings based on customer behavior and feedback.

These advantages make selling products online an attractive option for entrepreneurs and businesses looking to grow their customer base and optimize operations.

CONS OF SELLING PRODUCTS ONLINE

It takes time to generate a stable financial level

Requires a lot of commitment and involvement

If the idea is very generic you may find yourself with a lot of competition

5. WORK AS A FREELANCER

It is very similar to setting up an online business, the difference is that it would be more limited to being a single person and not a company or business with several people who manage different areas. 

It would be just you looking for clients who need what you offer and without possibilities to grow beyond a certain point.

Working as a freelancer / make money online

It is a good idea to do it to be independent and manage your time and rhythm of life , something that can be more complicated with your own business. 

And there are countless ways to do it as well. Here are some examples of careers or jobs that are a great fit:

• Advice and consultancies to companies or individuals
• Live motivational or technical talks
• Graphic design
• Programming
• Writing, copywriting, and translations
• Multimedia
• Administrative support

And there may be many other ways of offering services and other professions or that also fit very well. To do so, it is not mandatory to have a university degree, which would be ideal, but the experience is often more valuable; So, if you know how to do something well, think about it and analyze if there is a market for it and start as a freelancer.

PRO OF WORKING AS A FREELANCER

• Independence and time control
• you can live on it
• Increased demand for freelancers

CONS OF WORKING AS A FREELANCER

• It has a Limited growth
• You will need a high commitment, involvement, and organization
• You will have to know a little about business to get clients, manage your personal brand and your finances well

6. BEING AN INFLUENCER

Do not have high expectations, there are few who really manage to live from this and very few who make a fortune . But if you do it right, dedicating a lot of effort to it, you could live on it .

People look less and less at advertising and trust more people they follow or admire. Brands have realized this for some time and are investing in influencers to complement their marketing strategy.

It is true that there are many trying to gain a space among so much competition, but you must consider a good strategy and in the end it is not very different from being a freelancer. 

Get the idea that you are a seller, trying to convince your followers to buy the product or service of the brand that sponsors you.

When you think of an influencer, surely someone from a comedy video or celebrities on YouTube or TikTok comes to mind, but there are many more ways and means to be an influencer. You can do it through:

• Social networks
• YouTube channels
• blogging
• creating podcasts
• Streaming video games live

In short, many options, the important thing is that you understand where the public you want to target will be , it is essential for you to be successful.

And being an influencer doesn't mean making a few funny videos or criticizing the crazy guy on duty. There are many topics that brands are interested in sponsoring .

Environmental care, for example, is important and you contribute positively through your influence , you can talk about this topic in your videos, making them interesting and viral. Or in the sports field, also a booming issue, encouraging people to play sports and get healthy, the brands will see it very well and the sponsors will begin to arrive naturally.

PROS OF BECOMING AN INFLUENCER

• It's easy to start and you don't need to invest
• With a lot of effort you could live on that
• Independence and control of your time

CONS OF BECOMING AN INFLUENCER

• Requires dedication of time
• You depend on decisions of the brands that sponsor you
• limited growth

7. FILL OUT SURVEYS

It 's one of the fastest ways to make money online, but it pales in comparison to the earning potential of other options. Pollsters usually pay the minimum necessary to encourage people to fill out their surveys.

To see it more clearly, let's take a case. A survey page pays approximately $1.34 for a survey that takes 30 minutes to complete . If you did it as a normal job, for 8 hours a day, assuming you don't have short breaks, you could fill out 16 surveys in one work day. This is assuming you qualify to fill out those surveys and there are unlimited surveys to fill out.

Filling out surveys / make money online

You would be earning about $21 a day, that's $105 a week or $420 a month. But since the surveys are not unlimited and you probably won't qualify for all of them, there won't be enough for you to fill out 320 surveys in a month.

Can you imagine spending 5 days a week filling out survey after survey to try and make a few bucks?

Realistically, you can probably make $100-$150 a month taking surveys, which if you want to spend all your time doing it ends up not being the best option.

There are sites that are very honest and inform you that it is not a significant source of income , they mention that you will be able to answer between 1 and 3 surveys per week with an average of $1 to $5 per survey. This means maximum about $60 per month.

It could work temporarily if you urgently need some money for example if you are unemployed. The advantage is that it is very simple, you register on a reliable site, check the availability of surveys, choose one for which you qualify, fill it out and receive your money online in an account.

PRO OF SURVEY FILLING

• you get money fast
• No experience and no knowledge needed
• You only need an internet connection and a device to access

CONS OF SURVEY FILLING

• Not a significant source of income
• It can be difficult to cash the money from the account
• High opportunity cost (possibility of doing something better)

8. SELL THROUGH OTHER INTERNET SITES

Surely you know Mercado Libre or Facebook Marketplace, where many people sell merchandise on a daily basis . If you have a small business and want to expand your customers a bit or if you have some things that you no longer use and think you can sell them, these sites are ideal to generate a little additional income.

The advantage here is also that no knowledge is required and it is relatively quick to get started . You just have to have an account on one of those sites. 

For example, on Facebook you only need your personal account, upload photos of the product, define the price and fill in a few more details about the product and it is published so that other interested people can see it.

PROS OF SELLING ON OTHER SITES

• It's easy to start
• You can post quickly
• It is safe as long as you agree with a serious buyer

CONS OF SELLING ON OTHER SITES

• It will hardly become a significant source of income, it serves more as a supplement or something temporary
• It's casual
• growth is limited

9. PARTICIPATE IN PRIZE MONEY CONTESTS

Many brands run contests for different purposes; photography contests to get the best photos of adventure athletes to use in promotions or the well-known Lego company that encourages people to submit their designs for a toy designed and created with Legos and the public chooses the best. 

Then, Lego takes the winning designs to production, the winner receives a financial reward of 1% of the sales of that product.

So if you are very good at what you do and you find contests on the internet that suit your ability , you can bet on doing something great, taking part and winning a good prize.

PROS

The prizes are significant, especially competitions from large companies worldwide.

Requires a certain amount of time, but not a constant commitment

You only need to invest your time and at the same time you make your work known to thousands of people.

CONS

You need some luck and patience

It can be an additional source of income, but if you are not very lucky, you may not be able to live on this.

If the prize is not significant or you do not win, it carries an opportunity cost

10. SELL THIRD-PARTY PRODUCTS (AFFILIATE MARKETING)

Amazon bases much of its strategy on this. If you have a website, or any site on the internet such as a social network account, you can sell other people's products through a link and earn a commission if that sale is generated from your site.

Affiliate marketing / make money online

It is relatively easy, what usually works best is to create useful content (this one you are reading is an example) through blogs or YouTube videos and create links to products that have some relationship with the content.

In products you can do it with companies like Amazon or in the case of some services like Divi, the famous theme that helps create web pages with WordPress very easily, both base their strategy on affiliate marketing.

If people just click the link, you don't get paid, but if people buy the product on that company's page, you'll get a commission on the amount of the sale.

This form is very useful if you have nothing to sell, but you have a lot to share , or content that people demand, but for which they would not be willing to pay.

Think for example of cat videos you see on YouTube, you probably wouldn't pay to watch those videos, but someone else does so they can create them. For example, the creators of a funny video of a kitten who miscalculates and falls from the bleachers could promote a link to a store that sells cat food.

This is an additional way an influencer can monetize their work.

PROS ( Affiliate Marketing) Make Money Online

It is possible to live from this

You can diversify your sources of income with several companies

It does not require a high level of involvement (although if you want to make a living from this, it probably does)

CONS (Affiliate Marketing) Make Money Online

You do not define the prices

Normally it is not possible to give you all the information, you will have to trust what the company tells you about the number of buyers through your links

If you are going to set up a web page, you need some knowledge or time to learn how to do it, as well as to create good quality videos.