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These 3 Ways To Make Money Online Aren’t Realistic But Appear Great

These 3 Ways to Make Money Online Aren’t Realistic But Appear Great

The internet offers tons of ways to generate income. From selling on Craigslist to exploring the gig economy, there are wide ranges of options to make quick paycheck online. Also, you will find tons of ideal options for long-term income generation online.

However, some ideas for making money on the internet sound great. But, in reality, those ideas can take longer time and may not yield the kind of profit you think you can generate from them. Some of those ideas include the following;

1: MLM – Multi Level Marketing

One way or the other, you must have come across MLM ads. Perhaps a friend, relative, or someone you don’t even know has at one point posted ads for MLM programs. While many people see multi level marketing model as scam or pyramid scheme, those doing the advertisement think of it as a straightforward way to make additional money online.

The ill about this money-making venture is that the consultants for the companies who own the products make most of the money, while those who they recruit to recruit others earn just drizzles that won’t make any ends meet. The consultants earn commission for representing the company and still earn a percentage of the recruits’ supposedly earning, leaving the recruits with little or nothing to show for their efforts. Besides, some of the MLMs are both illegal and scams.

Here are the six signs of pyramid schemes as provided by the United States Securities and Exchange Commission;

• There is actually no genuine product sold
• The emphasis is on recruiting
• It is usually called easy money because they tell you it’s a good way to earn passive income
• Claims of high returns earning within a short period of time
• Commission structure is complex
• No proof of revenue coming from retail sales

2: Instagram Influencer

These days, influencer marketing is becoming popular. As a result, a becoming a social influencer can generate some income. Even if you have less than 10,000 followers or just a thousand followers who are devoted and consistent, many brands will be willing to work with you to maximize their money as they spread their marketing budget across mini-influencers rather than popular celebrities.

But, the thing about this online business model is that there’s no guarantee of earning money, especially if you are just coming out of the woods and jumping into influencer marketing.

3: Day Trading

While day trading is not unethical or illegal, it is a highly risky online venture. In this business model, participants purchase and sell stocks all through the day, hoping that the stocks they purchased will continue to go up or come down in value in quick successions, so that they may lock in quick profits. If you do not have the temperament, money or time for this online money-making venture, just don’t venture into it.

So, you should think twice about embracing these online money-making avenues.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams

2 Responses to “These 3 Ways To Make Money Online Aren’t Realistic But Appear Great”

  1. Thank you! This was so well explained, which made me learn a lot of things I hadn’t even thought of before ? Keep up the good work ?

  2. Patty Lennon says:

    Great advice and very easy to understand for the beginner, Excellent strategies, thanks for sharing!

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