Make Money Online: A Comprehensive Explanation To How It Works

What You Need To Know About Making Money Online That Most People Do Not Know

One of the most popular Question among people especially the less privileged youth who struggles to make Money since the advent of the Internet is: “How To Make Money Online“. This Search query was also one of my first and top question to Google when I was a Teenager.

A simple Google Search on “How To Make Money Online” will give you Hundreds of Results. Most of those Results do not contain the comprehensive Explanation To How Making Money Online Works. What they mostly contains are tips, techniques and Tutorials of How to Make Money Online.

While some of those tips, techniques and Tutorials are legitimate, others are fraudulent. Meanwhile, Without having the in-depth Understanding of How Making Money Online works, it will be difficult for you or anybody else to identify the legitimate ones from the illegitimate ones among them. Be that as it may, your chances of falling prey to Scam will be high.

This Article is written to give you the comprehensive Understanding of How Making Money Online Works to enable you address the challenges of falling victim of Online Fraud. Don’t get involved in any Online Making Money System without going through this Article in entirety to avoid falling victim to Scams

Make Money Online: Meaning

What most people refers to as Making Money Online is not actually what it is. Many of the people who claims they makes Money Online are not actually doing so. Some of them are simply advertise their Offline Business Online to attract Visitors that will.

Selling tangible Goods Online does not translate to making Money Online if you own that product. It simply means you are advertising your Goods Online just the way you can advertise your Products through a Radio or Television Advertisement.or Flyers

If advertising your Goods Online to sale your tangible Goods Offline is Making Money Online, then advertising your Goods through the Television to sale your tangible Goods Offline has to mean Making Money On the Television. But it isn’t

What Does It Mean To Make Money Online?

What it means to make Money Online is simply to interact with people or Systems Digitally through Devices without you & the person touching, seeing/talking to each other Offline or exchange tangible products offline

This is to say that: if you and someone have to exchange tangible products for hard cash, meanwhile, you communicated through the Internet, it doesn’t translate to making Money Online.

How To Make Money Online

To make Money Online legitimately requires Five basic things. In all the Hundreds of Ways that exists Online to make Money, only Five things are what is required to make Money Online and those things are

• Digital Resources (Product, Skill, Data)
• Interest
• Decision
• Action
• Focus

If you posses the five things mentioned above, How To Make Money Online is by Advertising your digital Products or Service to a targeted audience who are in need of the Digital Products or Services. As they get exposed to the Advertisement often, through different systems of Advertising, they interest get aroused. As their interest get aroused, they tend to buy your digital products or Services if they have the capacity to do so.

After buying your digital product or service, if the satisfaction they derives from the digital product or service they bought from you sticks, they tend to become loyal digital Customers or clients and that means regular Money making online system for you.

I wrote an extensive Article on How To Make Money Online with the Title: “How To Make Make Money Online In Nigeria From Zero To Hero“. You can check it out at convenience especially after going through this particular Article.

Advantages Of Making Money Online

From what Making Money Online represents, there are so many advantages to settling for making Money Online as it gives you the opportunity to Work from anywhere, at any time, as long as you have an internet connection. Without anyone bossing over you and creating schedules for you

Starting an online business can be done with little or no as initial initial investment. It’s just that, at that point, you may only get to earn only a fraction of what you are supposed to be earning as your earnings are directly tied to your effort and creativity. More advantages of making Money Online includes but not limited to: Flexibility, Autonomy, Unlimited earning potential, Low startup costs, Wider reach, Passive income, Multiple income streams Scalability, Less stress, Personal fulfillment and all-round Freedom

Disadvantages Of Making Money Online

As sweet as making Money Online appears, it also has it down sides. It’s just that the disadvantages are less painful than how gainful the advantages are

With Fraudsters scattered all over the Internet and the unpredictability of the earning potential Online as well as the high competition involved in making Money Online, it requires a lot of soft-hardwork to Make Money Online which is slightly disadvantageous compared to it counterpart

Other Disadvantages of Making Money Includes but not limited to: Social isolation, Technical issues, Burn outs, Marketing challenges,

Comparing the advantages of attempting to Make Money Online over the disadvantages, you will agree with me that the advantages supercedes the Disadvantages

Methods Of Making Money Online

There are several Ways of Making Money Online. No one can definitely tell you how many ways exists for Making Money Online as different strategies keep on emerging on a daily basis.

Nevertheless, According to the Research we made, there are about Ten Methods of Making Money Online. However anyone makes Money Online revolves around this Ten Methods. The Methods are:

• Working Online
• Trading Online
• Investing Online
• Partnering Online
• Gaming Online
• Competing Online
• Volunteering Online
• Begging Online
• Inherit Money Online
• Dating Online

Working Online

Working Online involves carrying out Digital Activities for other individuals Online who have needs for such digital Services to get paid an agreed amount or carrying out Digital Activities with someone Online to get paid a recurring Commission or working for yourself Online to build or create a Digital Service or Product for sale. Such Digital activities involves Content Creation, Digital Marketing, Tutorial among others

If you are interested in making Money Online through this Method, you need to acquire a Special Education for it through either: Coaching, E-Book, Online Course or the Combination of the three to enable you function efficiently

Trading Online

Trading Online involves Buying of Digital Products Service from other individuals Online who have such products or Service for sale at a cheaper rate to enable you resale the product or Service to other people in need of the Services or products at a higher rate to make profits from the trading difference or buying of Digital Assets on a Platform when the price or value is cheap or low to resale same on that same Platform when the price or value of that Asset becomes high or expensive to make profits from the trading difference. Such trading Activities involves buying and Selling of Websites/Blogs, Crypto Currency, or Trading the Forex among others

If you are interested in making Money Online through this Method, you need to acquire a Special Education for it through either: Coaching, E-Book, Online Course or the Combination of the three to enable you function efficiently

Investing Online

Investing Online involves buying digital Assets from individuals or Organizations through the Internet using platforms and websites designed for such purpose to buy, manage/hold and sale such digital Assets to make Money as a Return on your Investment. Such Investment includes but not limited to: Stocks, Bonds, ETFs (Exchange-Traded Funds) among others

Online Investment usually pays Returns on Investments. Such Return on Investment are usually paid either Monthly, Quarterly or Annually

If you are interested in making Money Online through this Method, you need to acquire a Special Education for it through either: Coaching, E-Book, Online Course or the Combination of the three to enable you function efficiently

Partnering Online

Partnering Online involves collaborating with other people or Organizations to achieve a Common Goal or Interest through Digital Platforms on the Internet. Such Goal or Interest Achievement can be creating a digital Products or Services for the digital needs of other individuals or Organizations online who have the needs for such products or Service while they pays for it. The sales of such digital Products or Services generates profits and such profits are share among the Digital Partners in percentage according to the percentage of the different Partners Contribution to the Project as agreed in the digital Partnership Deeds

If you are interested in making Money Online through this Method, you need to acquire a Special Education for it through either: Coaching, E-Book, Online Course or the Combination of the three to enable you function efficiently

Gaming Online

Gaming Online involves playing of Games Online either alone or with other people to compete for a win through digital Platforms on the Internet. Playing of such Games can be free or paid depending on their Mode of operation & can generates direct cash or tokens as prizes for winning the games or for even participating. Such token are either in Gift Cards or Cryptocurrency which can be exchanged for cash on Cryptocurrency platforms.

If you are interested in making Money Online through this Method, you need to acquire a Special Education for it through either: Coaching, E-Book, Online Course or the Combination of the three to enable you function efficiently

Competing Online

Online Competition involves contesting with other people who join the same competition platform online to challenge each other as a context. Competing in such a challenge can be free or paid depending on their Mode of operation & can generate Money as prizes for winning the Competition or for even participating. Such Competition can be reading Competition, Dancing Competition or writing Competition

If you are interested in making Money Online through this Method, you need to acquire a Special Education for it through either: Coaching, E-Book, Online Course or the Combination of the three to enable you function efficiently

Volunteering Online

Volunteering Online involves carrying out activities which are supposed to be paid for by the Individuals or Organizations who receives such service for free without asking for Payments from the beneficiary of that activity carried out through digital Platforms. People still makes Money from such gestures as the receiptients of such Activities can appreciate or compensate the volunteer with Cash Online.

Such Volunteerism Online can also Serve as a means of marketing yourself publicly to attract sales, favor or Appointment. Volunteering online includes but not limited to Teaching People Online for free, making posts Online for free, taking part in the development of digital Products or Services for free

If you are interested in making Money Online through this Method, you need to acquire a Special Education for it through either: Coaching, E-Book, Online Course or the Combination of the three to enable you function efficiently

Begging Online

Begging Online involves asking for other people’s help digitally through Online Platforms. It basically includes but not limited to: Sharing of personal stories, struggles, of hardships to attract sympathy from people and getting donations from the kind-hearted individuals who get touched by the stories told through the Online Platforms

Creation of online campaigns, fundraisers, or crowdfunding appeals are means of begging Online. Begging Online also involves the Activities of sending messages, emails, or Comments in Online Platforms as well as posting on social media, forums, or blogs to solicit donations or directly asking for financial help

If you are interested in making Money Online through this Method, you need to acquire a Special Education for it through either: Coaching, E-Book, Online Course or the Combination of the three to enable you function efficiently

Inherit Money Online

Inheriting Money Online involves possessing Digital Asset of individuals when they dies or when they chooses to give up the use of such Digital Asset. This becomes easier and possible when recipient is close to the deceased to the point of having access to the Digital Assets’ Credentials either or not with the prior knowledge of the decease or donating the digital Assets’ Information to the recipient upon loosing interest in the usage or need of such Digital Assets.

Such Digital Asset can include but not limited to Cryptocurrency, Online Platforms Account, Business/Monetized Websites among others

If you are interested in making Money Online through this Method, you need to acquire a Special Education for it through either: Coaching, E-Book, Online Course or the Combination of the three to enable you function efficiently

Dating or Marrying Online

Dating or Marrying Online involves meeting and connecting with someone online virtually through Online Platforms to develop and maintain Romantic Relationship. People does this through the use of digital devices without meeting each other. They communicates basically in virtual environments the Technologies on their devices to make video calls and send Messages in text, photo, and voice.

This Virtual Relationship can lead to marriage and there have been real life Account of people who got married on the Internet where Family & Friends attended the wedding virtually. People makes Money through this means as human beings tend to use Money in attracting their opposite Gender to prompt the acceptance of their Romantic Proposals

If you are interested in making Money Online through this Method, you need to acquire a Special Education for it through either: Coaching, E-Book, Online Course or the Combination of the three to enable you function efficiently

The above explained Methods are the top Ten Methods to legally Make Money Online. Whatever the Online Money Making is, revolves around the ten means of making online mentioned above Being it Affiliate Marketing, Blogging, Vlogging, Trading or whatever the online means of making Money is.

Difficulties In Making Money Online In Nigeria.

Making money online in Nigeria is very challenging. This is due to difficulties and the top difficulties are Scams, Restrictions and Ignorance. Below is a list of Difficulties Nigerians faces when trying to make Money Online especially while in Nigeria: Fraud, Restrictions, Ignorance, Impatience, Mindset, Responsibilities, Limited payment, options, Internet Access, Internet connectivity issues
Limited digital literacy, Limited use of the Internet (especially for purchase), Funding, Language barriers, Online security concerns, Power supply issues, Lack of access to digital training, Lack of access to Information, Lack of Access to resources Cultural and social barriers, Limited banking services among others.

Despite all those difficulties, many Nigerians have successfully made money online in the past. Many of them are still making Money Online currently and many of them will continue to make Money Online in the future as they are all striving to break barriers through various means, such as freelancing, e-commerce, digital marketing, Blogging & creation of Digital Products among others

You can do the same thing too by simply learning how to eliminate those challenges that you may face in your attempt to make Money Online. Going through the Article I wrote with the Title: “Twenty Difficulties Involved in Making Money Online In Nigeria and How To Escape Them” will equip you with enough Resources and Resourcefulness for you to succeed in Getting Rich Online Difficulties of making Money in Nigeria

Scam Of Making Money Online

As sweet as it is to make Money Online, the danger of getting Scammed on the Internet is massive. As numerous as there are many ways to make Money Online are the same numerous ways in existence for Fraudsters to defraud people of their valuables either in Cash, in digital Product or in digital Service

Fraudster also uses the above mentioned means to scam unsuspecting people of their hard-earned Money through different means of deceptions and claims. People falls for this due tho their Ignorance of how Making Money Online Works. Details of how Fraudsters operates in scamming people Online is revealed on the Article with the Title: “Lost Money Online: A Comprehensive Explanation of How Scammers Scams People“. In that Article, you will also discover How To Prevent Scammers From Scamming You of your hard-earned Money and your creative digital Products and Services

Conclusion

If you went through this Article completely with an open heart, you will agree with me that Making Money Online is almost the same as Making Offline. The only difference is simply the fact that Making Money Online is digital-base as against Making Money Offline and that is the sweetness of it.

Which of the method of Making Money Online above do you prefer? Hint me on the Method of Making Money Online that you prefer among the Methods mentioned above and I will go the extra mile of providing the information to you

If you have any question regarding this Article, feel free to ask your questions in the comment box and get a detail response to your question. You can also make Demands on the type of Article you will want to consume about Making Money Online and I will make them available for your reading pleasure and productive Application. However, if you are ready to get Started on your Journey of Making Money Online, Click Here to Get Started