Soloprenuer October 2, 2018 Last updated December 29th, 2018 335 Reads share

Top 9 Ways Entrepreneurs Can Make Money from Home

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Making money online is now becoming a reality than ever before. As an entrepreneur, making money from home is a smart way of getting money or generating funds for other businesses. You get to make money from the comfort of your living room or bedroom, and you have spare time for other businesses. What is there not to like about making money from home?

 

In this article, we’ll look at nine ways by which you can make money from home in 2018.

1. Arbitrage:

Arbitrage is one smart way of making money from home. You find a service which you are paid to do. You then find someone that can offer the service for much less than what you are paid for it. For example, you can to do the cover design of a book for someone you found on Craigslist and other websites. You can then look for someone on Fiverr, Freelancer, Upwork or other freelancing sites that can provide the service for as low as $5. All you need to do is to be the middleman between the person providing the service and the person that needs the service.

2. Self-publishing on Amazon and CreateSpace:

Publishing a book is not as difficult as you may think it is. Platforms like Amazon and CreateSpace now allow people to publish their books online and make passive income from it. Just think about it. You can write a book, publish it and get money flowing to your bank account every month. If you have a couple of ideas, you can couple them together and come up with something good. Even if you can’t write, you can get a freelancer to write the book for you. Then, you need to design a book cover. If you can’t do that, you can also hire a freelancer to do that for you. Then you format it for publishing and start earning money. It’s easy, and anyone can do it.

3. Blogging:

Blogging is a good way of sharing your idea of knowledge to the world and earning money from it. There are numerous blog creation platforms available. You just need to pick one and start uploading your content. You need to promote the blog on social media, spend time crafting content and use SEO tactics to drive visitors to your website. You can generate money from your blog through affiliate marketing, paid adverts, upselling courses, subscription-based models etc.

4. Renting of properties:

If you have a spare room or section in your home that you are not using, you can rent it out and earn a lot of passive income. You can clean the place up, paint it and do other things to make it perfect and then register on Airbnb and other similar websites. This money will go a long way and help you in your other entrepreneurial endeavors. If you have a holiday home or other properties, you can do the same for these properties and earn money from them.

5. Trade in cryptocurrency:

The cryptocurrency mania is here. Now is a good time to make a lot of money and cash in on it. Bitcoin was as low as $100, and it became as high as $20,000 in late 2017. So, you can trade in cryptocurrency and make a lot of money. There are a lot of cryptocurrencies in the market. All you need to do is to find one that you trust, study what speculators say and buy the coin. Then when the value of the cryptocurrency becomes high, you can sell it and make a lot of money. Be careful as there are a lot of scam ICOs. Look for good cryptocurrencies backed by trustworthy people, then invest in that. You can but cryptocurrency and sell weeks or months later. Or you can decide to hold them for a long period of time like years and make astronomical gains from them.

6. Cryptocurrency mining:

Cryptocurrency mining involves the use of powerful computers with high-end graphics cards to mine cryptocurrency. The computer will perform complex calculations that will verify transactions on the blockchain. A specific number of transactions are made per second and miners are needed to help process these transactions. As your computer mine the cryptocurrency you get rewarded with. This is one very good way to earn bitcoin online. It does not need your physical presence in any way. All you need to do is to get a powerful computer with a powerful GPU. Then, you connect to the internet, download the mining tool, and you are good to go.  

7. Investing in the stock market:

You can invest in the stock market right from your home and make a lot of money from it. By buying the right stocks and selling them at the right time, you will make a lot of money. If you don’t know anything about the stock market, you can search the internet for information, and you will get a lot of information on this. You can take up some courses on this, and you will make money.

8. Offer tutorials:

Thanks to the internet, you can now offer tutorials based on what you are good at, and you will make a lot of money from this. There are websites that allow you to tutor others and earn money per hour for tutoring them. Also, there are some websites that allow you to upload video tutorials. As people watch or purchase those tutorials, you get paid a lot of money.

9. YouTube:

YouTube is a good way to make money from home in 2018. Popular YouTuber, PewDiePie makes millions of dollars monthly from YouTube. You can also become like him and make a lot of money. First, you need to determine your niche. Find something that you are comfortable doing in the long run. If you are not comfortable with your niche, you may run out of ideas and burnout in the future. Then you need to get a good camera, and you also need to get a good computer to help with your video editing. You also need to spend time advertising your channel on social media and trying to make it popular. You get paid when viewers click on those adverts that you see when you watch videos on YouTube. If you are good enough and get a large subscriber base, you can be offered sponsorship deals. People will pay you to recommend their products in your videos.

Conclusion

We are in the internet age, and it is easier than ever to make money from home. You can use any of the methods listed above to make money from home in 2018. Pick the ones you are interested in, stick with them and you will start to see results.

Sherrie Campbell

Sherrie Campbell

My name is Sherrie Campbell, I am an author, Ph.D. holder, living in California USA. I'm a blogger for the Huffington Post, a weekly contributor for Entrepreneur and licensed Psychologist with over nineteen years of clinical training and experience

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