make money online 5

 

24. Become a Virtual Assistant

If you enjoy organizing, planning, or doing administrative tasks, becoming a virtual assistant is a great way to make money online. As an independent contractor, a virtual assistant provides support services for individual clients or businesses.

Besides having the freedom to work remotely, becoming a virtual assistant requires minimal startup costs. Plus, you can earn an average annual pay of around $67,115/year.

Some skills to master as a virtual assistant include communication, time management, and writing.

Knowing how to operate tools and software for bookkeeping and project management is also important. Some popular platforms virtual assistants often use include Google Drive, Quickbooks, and Asana.

The easiest way to market your services is through online platforms like Fiverr and Freelancer. Alternatively, sign up with a virtual assistant company and work with verified clients.

25. Invest in Stocks

Becoming a stock investor is a great way to make passive income. Start by purchasing a share in a company and selling it once its value increases.

It can be tricky to start, but there are plenty of blogs, podcasts, and YouTube channels with advice. They often provide insights, tips, and tricks on the best stock trading strategies.

Some popular learning sources include Collaborative Fund, A Wealth of Common Sense, and The Investor’s Podcast Network.

You can also watch videos of stockbrokers reviewing trades and market news on YouTube. Rayner Teo and WhiteBoard Finance are among the many stock trading channels to follow.

The easiest way to buy stocks is through an online stockbroker facilitating transactions. Here are some top picks:

• E*TRADE. Ideal for long-term investors looking for zero minimum deposit.
• TD Ameritrade. A commission-free trading platform with excellent customer support.
• Fidelity Investments. Provides fractional shares, which enables investors with limited capital to partake in the stock market.
• Charles Schwab. Offers a wide range of investment products, including international stocks and exchange-traded funds.