How to Make Money Online (10 Ways that Work)

So you want to earn money online.

You’ve probably already found a lot of bloggers who explain how to do it. And most of them are probably not earning a single euro/dollar/pound or whatever the F else (run away from anyone who tells you to fill in surveys or click on ads to generate income).

Not to mention those who only make money selling courses where they teach how to make money. Paradoxical, isn’t it?

It’s not my style. I’ve been living off the Internet for years, generating thousands of euros and learning the ins and outs of online business. (I do sell courses, but I focus on the problem-solution angle using my expertise)

First of all you should know that earning money on the Internet is neither easy nor fast. It never has been, despite what you read or what they want to sell you.

I’ve had to put in a lot of effort and sacrifice a lot of my free time. I have spent sleepless nights, invested hundreds of hours in learning and given up my holidays while trying to earn my first euros.

But it has been worth it.

The great advantage is that you no longer need to have technical knowledge. Before you had to know how to program to create a website, but today there are systems so intuitive that even a child would know how to do it.

So the opportunity is now.

By the way, we have a full masters in digital marketing and business where you can learn all the core skills you’ll need to make money online. Best of all, its entirely FREE.

Here”s the link:

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Check that out, thank me later 😉

In this article I’m going to reveal the 10 best ways to make money on the Internet because of its economic potential, simplicity and capacity to generate income in a stable way. And since I want to be totally transparent with you, I will also show you my own results.

I remind you that here you will not find high risk or ridiculous income systems such as forex, filling out online surveys or playing poker (all of which I have sunk many hours into). If you want to make real money, you’re going to have to work at it.

Active versus passive income online

Before you start, you should know that there are two ways to make money on the internet: active and passive systems.

• Active systems are those that require you to be doing something to generate income, such as selling handicrafts made by you, translating texts or playing poker.
• Passive systems are those that, once created, require practically no further action on your part. Think about the advertising revenue generated by the readers of a website or the dividends you get from an investment. After the initial effort, then you don’t have to do practically anything else.

The latter is the most desired. However everything is on a scale, there are very few truly 100% passive income streams, but this is the theoretical ideal.

Thanks to passive systems you can continue to generate income while you sleep, travel or do anything else. They don’t just give you money: they also give you freedom.

And it’s not that active systems are bad, but the Internet is like a shop window that never closes. It’s always running, and you can take advantage of it to get a steady stream of income.

How to Earn Money Online: 10 Formulas That Work

Let’s now look at the best ways to make money on the internet because of its economic potential, simplicity and reliability, and the results I have achieved with them.

1. Make money with Affiliate Marketing

This is the system with which I earned my first euros after my lead generation business, and in my opinion it is one of the most affordable ways for any beginner who wants to generate passive income.

It requires hardly any knowledge, the investment is almost zero and the income potential is very high. Besides, once it is set up you can practically forget about it: only a minimum of maintenance is required.

Affiliate marketing is about creating a website where you publish analysis and product recommendations. In these analyses you will put links to other websites where the product is sold. If your readers or viewers end up buying it, the seller will give you a commission for referring a customer to them.

Logically, you must first have reached an agreement with those websites. Luckily, nowadays there are affiliate platforms (the best known is Amazon associates) where you only have to sign up to be part of that agreement.

Let’s say you are passionate about photography. You could create a web page where you would publish reviews of different cameras or lenses with a link to the product page on Amazon for readers interested in buying.

This, for example, is an affiliate link.

Your website would appear on search engines such as Google when people search for reviews or comparisons of those cameras. They would enter your article, click on the affiliate link and, if they ended up buying, Amazon would give you a percentage.

All of the search results above are pages comparing DSLR cameras, and each of the links to product pages are affiliate links, readers considering DSLR cameras will likely read one of these article and make their purchase decision according to the reviews and recommendations.

Thus generating comissions for these sites. Seen here:

Do you see where the fun is? You create a website, you publish articles and, once they have visitors, it becomes an automatic system that you don’t have to constantly attend to.

The income potential of this system depends on the market you have chosen (the more that category of products is sold on the Internet and the more expensive they are, and the higher the commission rate, the better), but also on the time you invest.

Basically, these are the tasks you will have to do:

• Create a website. You can do it in 15 minutes with this tutorial.
• Write analyses, comparisons and recommendations. You will spend most of your time here. You can pay someone to do it, but I recommend that you write at the beginning to acquire knowledge and practice.
• Rank your website in the search engines. Although in markets with less competition your website can position itself practically alone, sometimes you will need to present your website in other places (traffic sources) on the Internet to make it more visible.

Okay, but how much money are we talking about?

I like you to ask me this question. So that you can see what this system is capable of, this is what two of my affiliate websites generated during the month of July.

My oldest website (I’m very fond of it), in a ‘gardening’ niche generates a steady 2000 euros a month.

My newer affiliate sites, reviewing software products, adult websites, online brokers are generateing another 5000 a month

If I add the rest of my websites, the figure exceeds 8,000 euros per month on automatic pilot.

Earning some money is relatively simple, but if you want to make money with figures like these you’re going to have to put in a lot of hours and effort.

So forget about anyone who sells you that you can set up such a system on a Caribbean beach overnight. To earn more than a dozen euros a month you will have to sacrifice much of your free time.

The good news is that, after the initial effort, you will be able to devote yourself to reaping the benefits. Not to mention that you can keep the system at a distance, working from anywhere in the world (something important for a freedom lover like me).

If you’re looking for a tutorial to learn how to sign up and make money with Amazon Affiliates, click here.

TL;DR, The key takeaways from affiliate marketing

• Simple and easy to implement, even for inexperienced people
• Passive income generation system: no need to manage stock or ship
• High revenue potential
• It can be integrated into your blog if you already have one
• Commissions on best-selling products are usually low
• The challenge is to position the web above the online shops
• There is more and more competition, the opportunity is now!

2. Create a website and make it money with Display Ads

Another of the best ways to passively earn money on the Internet is by monetizing websites with advertising.

The concept is similar to affiliate marketing: you create a website about a topic, attract readers and once they are there you earn money when they perform a certain action.

The big advantage of advertising is that you don’t need the reader to buy for you to get a commission. Most often you earn money when the reader clicks on an ad (known as PPC).

In fact, this is the way the most important ad network in the world works: Google Adsense. Here is an example:

Adsense is so popular because of its ease of use and number of advertisers. You simply register and, once your application has been approved, you can place ads on your website by inserting a small code.

With Adsense you do not choose what type of ads appear: Google automatically does it according to the theme of your website and the profile of the reader. In this way you can show personalised ads for each reader, which has three benefits:

Maximize the money you can earn from advertising. The more relevant and specific an advert is, the more possibilities that the reader will click on it.

It avoids you having to contact any advertiser directly. There are hundreds of thousands of companies advertising through Adsense.

Don’t let the ads seem forced. As they are personalised for the reader and the subject matter of the web, they are integrated quite naturally into the pages.

Unlike affiliate marketing, here the ideal is to create a website that provides general information on a particular subject rather than publishing comparisons and analyses.

For example, you could create a website where you publish recipes or information about dogs or even dinosaurs (like this website).

The potential of this system depends mainly on three things: the topic you have chosen, the number of visits to the website and the percentage of those visits that click on the ads.

The first point, the theme, is fundamental, because according to that you will earn more or less money per click.

For example, on a website about cats perhaps Adsense will put advertising for cat food. However, on a website about university courses, you will probably see advertisements for postgraduate and master’s degrees that cost a fortune.

Which one would you earn the most money on when a reader clicks on it?

Indeed, the second one. As the product being advertised is more expensive, the advertiser is willing to pay more money.

To find out what potential a theme has with Adsense, use the Keyword Planner. Enter the theme there and see if it is something that is searched for a lot in Google, and how much the advertisers are going to pay you per click (which is called a bid).

One part of the bid (68%) is yours and the other (32%) is Google’s, so the higher the bid, the more money you can earn with a website on this topic.

For example, if you created a website with information about recipes, each click from your readers would generate between 0.16 (68% of 0.24) and 0.19 euros (68% of 0.28). This is an average of 0.175 euros per click.

The percentage of readers who click on an advert is usually around 1.5%. Therefore, if you had two thousand page views per day, the calculation of monthly income with Adsense would be as follows:

60,000 page views/month x 1.5% clicks x 0.175 euros = 157.5 euros/month

In this case the click pays little, so to gain a good figure you would need to have a huge volume of visits.

If you created a website with information about forex and currency trading, with the same number of visits you would earn much more money:

Each click would generate about 7.8 euros (68% of average bids), so 60,000 page views per month would translate into

60,000 page views/month x 1.5% clicks x 7.8 euros -> 7,020 euros/month

In addition to what you are paid per click, the income potential is determined by the number of visits to the website. And that depends on the number of people searching for information on this subject in Google.

Fortunately, Google’s Keyword Planner also offers an approximate range of the number of times per month a given word or phrase is searched for 🙂

I know first hand people who bill several thousand euros a month with Adsense. In my case, I have used it as a supplement for underpaid items and it still provides me with about 2,600 euros per month.

Although this theme pays little, I compensate it with the volume of visits.

Monetizing web pages with Adsense is relatively simple, but the most profitable themes are usually VERY competitive. To generate thousands of euros you will have to choose a high potential theme and work hard creating content and positioning it on Google.

TL;DR, The key takeaways from Display Ads

• With a little effort you can get a bonus a month
• It requires hardly any investment
• Relatively simple to implement
• No need to constantly update content (unlike affiliate marketing)
• High competition in markets where Adsense pays best
• You will usually need a very high volume of visits

3. Sell courses and services with your blog

If the previous two were two of the best ways to make money online, this is THE BEST way to make money on the Internet.

But like everything else, the more money you can generate something, the more effort it requires.

It’s all about creating a blog on a specific topic, positioning yourself as an expert on it, and selling your own paid online courses.

Sound difficult? It requires effort, but it’s not that complicated. The key is to choose a topic that you master, where there are interested people, and build a reputation by publishing content.

The advantage of paid online courses is that they can become totally passive systems, because once they are created, it costs you as much to sell one as it does two hundred. You only have to publish it in video or PDF format and sell it through an automated system to your subscribers.

This is what I do in this blog.

At first I had hardly any readers, but slowly and surely it became popular. Today I monetize it with done-with-you services and soon with an online course.

I teach how service and leadgen businesses can beat their google ads competitors in 10 days.

Every time someone subscribes to the blog, a sequence of emails is activated that send him valuable information. After a week, you receive an email introducing the premium service in case you want to sign up.

There are blogs and online courses on almost any subject you can think of. From courses to learn how to read faster, to managing family finances or Excel, or study guides for students, or how to write, or curing porn addiction, or quitting video games, or how to build a shed, or how to demolish the shed, or how to grow plants, or how to farm, and the list goes on forever.

The only requirement is that you solve a problem that your audience would be willing to pay for.

Generating money with this system is not fast, as you will have to work hard to gain the readers’ trust, but you will be building a long-term, solid, and differentiated online business.

The biggest obstacle is not technical (nowadays it is extremely simple to create a blog), but mental: many people think they have nothing to teach, are afraid of being exposed to criticism or spend months doubting about which subject to choose.

You should know that the vast majority of bloggers have started with these doubts. But they took the step, and as they created content for their blog they gained more experience and knowledge.

So if you think you have something to contribute, however small (there will always be someone who knows less than you), and you are not afraid to expose yourself publicly, this is your best option.

If you want to discover all the ways to make money with a blog, visit this article.

TL;DR, The key takeaways from selling courses and services

• Anyone can create a course from their knowledge
• The process can be 100% automated
• You make it difficult for competitors to copy you
• It has the highest revenue potential of all systems
• You will feel more fulfilled
• You must create high quality free content
• Some people are afraid to expose themselves publicly
• Preparing the automatic sales system requires a lot of dedication

4. Offer your services in specialized platforms

If you don’t have or don’t want to create a blog or a website (although anyone without technical knowledge can do it nowadays), another way to get a handful of euros from the internet is by doing small online services.

The operation is very simple:

1. You register on one of the online platforms that put you in contact with potential clients
2. You publish your service and put a price
3. You wait to be hired

The jobs usually offered on these platforms are simple things, like translating a text, editing a video, designing a logo, writing a resume or preparing a powerpoint presentation.

Some even offer to write compelling Tinder profiles – your imagination is the limit!

Your income will depend on the amount of hours and effort you can put in on a regular basis. Some people take out a whole salary or even several thousand euros a month, but it will usually come in handy if you need some extra income.

Currently, the most popular platforms and therefore with the greatest capacity to bring you clients are Upwork, Fiverr and Freelancer:

• Upwork: it is only in English, but if you master it it has a huge potential because of the amount of clients it has.
• Fiverr: is in Spanish and has many clients demanding services, but prices are low.
• Freelancer: it is in Spanish, but has less volume of clients and is not so easy to use.

They all tend to stay around 10% of your turnover and rely on your client reviews to increase or decrease your popularity. The better your reputation, the more attractive you will be to users interested in services like yours.

That is why it is usual to get few jobs at the beginning or to have to offer them at a lower price, but little by little you will have more clients and you will be able to raise your prices.

TL;DR, The key takeaways from offering your services on platforms

• You don’t need to create a website or build an audience
• You can start earning money from the start
• If you have a skill or are good at something, there is probably someone willing to pay for it
• Some platforms have a huge volume of customers
• You can’t turn it into an automatic passive income
• Prices are usually low
• There are services with a lot of competition
• The greatest potential is in the English language

5. Work as a virtual assistant

If you find it interesting to earn money by offering services online and want to ensure greater regularity and a more stable income, you can consider working as a virtual assistant.

The virtual assistant is one of the new professions brought about by the technological revolution of the internet, and demand for it is expected to continue to grow in the coming years.

It basically consists of providing remote support to bloggers, digital entrepreneurs or even companies in relatively simple or mechanical tasks, so it does not require too many specialized skills.

It is not a passive system, but in return it offers you the freedom to work from wherever you want, a fairly attractive salary and also avoids having to create a website. You could literally start working as a virtual assistant tomorrow.

A virtual assistant usually takes care of the following tasks:

• Email management
• Dissemination of content on social networks
• Management and organisation of the agenda
• Billing management and reporting of income and expenses
• Image and banner design
• Managing communities in Facebook groups
• Writing newsletters, pages and articles
• Video and/or podcast editing
• Support in online courses and webinars
• Survey analysis and reader feedback
• Organization of face-to-face events

The key here is the trust you can gain from your client, as they will then delegate more responsible tasks to you.

The fees for a virtual assistant are usually set at an hourly rate of between 10 and 40 euros per hour worked, although some specialised or highly reputable assistants may charge considerably more.

If you want to take the plunge as a virtual assistant, there are three ways to get your first clients:

• Contact entrepreneurs, bloggers or small businesses directly and present your services. Try to provide a sample of your work so that they can check the quality of your services.
• Pay attention to the requests for virtual assistants made to your subscribers by bloggers who are starting to stand out.
• Sign up for Freelancer, People Per Hour, Workana or Upwork, because many entrepreneurs look for virtual assistants there. If they are satisfied, you can then propose a long-term collaboration with them.

TL;DR, The key takeaways from working as a VA

• You don’t need to create a website or build an audience
• It does not require any specific skills, only responsibility and good management skills
• You can do it from home and part-time
• At the beginning your income will not be very high
• It can be monotonous or unrewarding

6. Work as a Writer and Editor

Generating content that attracts and retains readers is a fundamental pillar of any digital strategy, and both large companies and small entrepreneurs are well aware of this.

That is why more than 3 million articles are published in blogs every day. There are posts on the economy, animals, photography, food, health, marketing, video games, philosophy, politics… Anything you can imagine.

This need to create content has led to the emergence of another professional profile in high demand in the online world: the editor.

Working as an editor is a very quick way to start earning money online, as there is a constant demand. You don’t need great skills to do it either: you just have to like writing and be good at it.

How much money can a writer earn?

It depends on your experience, the quality of the texts and your specialty, but in general the rates are usually between 3 and 10 euros per 100 words, so an article of 2,000 words can be paid perfectly at more than 100 euros.

I have been working with copywriters for years on my affiliate projects and several of them, working full time, generate a monthly income of over 2,000 euros, but some can earn much more!

Copywriters who specialise in creating sales pages are usually the best paid, as they are responsible for creating the messages that should convince people to buy. Thousands of euros have been paid for such a page.

If you are interested in starting to make a career (and an income) as a writer, I recommend that you sign up for platforms that specialise in putting writers in touch with clients who need content, for example:

• iWriter: one of the most popular. It doesn’t pay very well, but it makes up for it with the amount of clients who need content.
• LowPost: pays a little better and has a decent volume of customers.
• Textbroker: allows you to negotiate the price directly with the customers, but you will not find much demand.

TL;DR, The key takeaways from working as a writer

• You just need to know how to write well (and like it)
• You can start earning money today with the writing platforms
• If you are good and you work hard, the long-term income potential is high
• Competition is increasing and it is difficult to highlight
• As the supply of writers increases, rates are falling
• It is not a passive income at all

7. Translate content

If you consider that you lack creativity or prefer something more mechanical than working as a writer, and you have a good level with some language, you can make the most of your knowledge by carrying out online translation services.

There are many companies that need to translate texts from their blogs, websites or posts on social networks and that are looking for native speakers to do this work. Besides, it is usually quite well paid.

In fact, at the time Netflix opened some applications to find people to translate their series online through its Hermes programme.

In the case of the translation from English to Spanish, they even paid $12 per minute translated, not bad!

Now they no longer require this service, but there are also online platforms that put translators in touch with companies that need translation services, such as Gengo.

Gengo is an online platform that has provided translation services to Youtube or Sony, among others. All you have to do is register on their website and pass their level test. From there, you will be promoted and given access to better paid jobs as you translate.

The great advantage of Gengo is that you can choose which jobs you do and organise your schedule as you wish, which gives you enormous flexibility to earn money from anywhere.

Other interesting options are One Hour Translation (they also ask for a level test) or Textmaster.

And now the key question: how much money per month can you make translating?

According to Gengo’s own calculation page, if you regularly translate from other languages into Spanish, you will achieve an average monthly income of $435.

It’s a nice extra, but it’s not going to give you a full salary either. The great advantage is that you can do it from anywhere in the world, it doesn’t force you to do anything and you can go at the pace you need.

TL;DR, The key takeaways from working as a translator

• You only need to know some other language
• You can start earning money almost immediately
• Great flexibility to organize your work
• It is not a passive income: the more you translate, the more you earn
• It can become monotonous
• Its economic potential is not too great

8. Create a Youtube channel

With the purchase of Youtube by Google and the exponential growth of video content consumption, there were people who, overnight, began to earn a lot of money with their video channel.

Yes, there are more and more competitors, but Youtube is the second largest search engine on the internet, just behind Google, and it is expected to become the first in a very short time. This means that its economic potential is booming.

It’s difficult to replace a whole salary, but if you can bring knowledge or fun to users and if you’re engaging in front of the camera, in the medium term it’s possible to generate some extra money with a Youtube channel.

How much money are we talking about?

You have probably heard that some Youtubers turnover millions of euros a year. But you can count them on your fingers. For you to make your calculations, you should know that, on average, Youtube advertising pays anywhere between 0.20 and 20 euros for every 1,000 views of a video.

This figure depends on the theme of the channel, since content on Forex or health usually pays better than channels on video games or curiosities.

Let’s suppose that after 18 months you manage to build a channel with 100,000 subscribers, which is not bad at all.

If you were to upload a video a week that got 75,000 views and Youtube paid you 1 euro for every 1,000 views, your income would be approximately 300 euros a month.

As you can see, you’ll have to publish videos consistently if you want to make money with Youtube, so it’s not really a very passive system unless they go viral or have thousands of searches a day.

Fortunately, there are also alternative ways to increase income:

• Contacting companies and offering to put their advertising on your videos
• Sell customised merchandising, such as T-shirts and caps with your channel logo (when popular)
• Accepting donations with Patreon

If you already have a stable income in some other way, betting on a Youtube channel is not going to be too much of an investment and over time it can give you more than one pleasant surprise.

TL;DR, The key takeaways from creating a youtube channel

• Youtube and the video format are growing
• There is still relatively little competition
• You hardly need to invest (you only need a camera and a microphone)
• Youtube does not pay very well and it is difficult to generate a decent income
• You will need time to build an audience
• You are subject to their policies and they may close the channel to you

9. Sell online via dropshipping

Another good way to earn money on the internet is by selling products online.

I know people who are making more than 80,000 euros a month profit with very simple but specialized products, so if you do it well it is possible to generate a good income.

You should know that there are mainly two ways to sell on the internet:

• Create your own website (again, it’s easier than you think) and sell your products there
• Sell your products on third party platforms (such as Amazon)

If you don’t make products, don’t worry. It is as easy as finding a manufacturer with little popularity, buying the product from them and selling it to the final public through your website or platform, adding your margin to the price.

That’s why most people look for Chinese suppliers. Although you will have to make the import arrangements, you will have a higher margin.

The main disadvantage is that you will have to carry out the tasks of invoicing and shipping the product, which can be quite a lot of work. To avoid this, it’s better to look for suppliers that work through dropshipping.

The dropshipping system will allow you to turn your online shop into a passive business. With it, you don’t keep stock or take care of shipping, you just send the order data to the manufacturer (there are very simple automated systems) and he takes care of delivering the product to the customer.

Note: there are already websites like Oberlo that put you in direct contact with manufacturers who work with dropshipping.

The profit margin is usually between 20 and 50%. The disadvantage? If the shipment does not arrive or a return has to be attended to, the customers will complain to you and you will have to resolve the incident with the manufacturer.

The keys to the success of this system are:

• Finding a product with more demand than supply
• Achieving a serious and reliable supplier
• Have a good profit margin
• Drive traffic to the web with organic positioning, Google Ads or Facebook Ads

It is also possible to earn money by selling your own handmade products. If this is your case, I recommend that you take a look at Etsy.

Etsy is an online shop where only manufactured products are sold. You can register and create your own shop where users can buy your products.

TL;DR, The key takeaways from dropshipping

• No initial investment in stock required
• With dropshipping, you can generate income on autopilot
• Good profit margin
• If you sell crafts, you have a lot of freedom to set the price
• For third party products, you are entirely dependent on the manufacturer/distributor
• Not a fast system (unless you invest in advertising)
• If you are successful, in the short term you will have competitors
• There can be price wars in very competitive markets

10. Sell courses on online platforms

If you are not attracted by the idea of selling products online, having to look for distributors and creating a website, an excellent alternative is to sell your knowledge on online platforms.

The concept is simple: you create a video or text course on a specific topic, upload it to platforms like Udemy, and put a price on it.

To create the course you can record yourself on video, record a presentation on your screen, or do it in text format (in pdf files), just as you would do for your blog.

This type of platform receives thousands of visits a day from users looking for courses on a particular subject, so if yours covers any demand and meets the expectations of users, you can get to earn quite a lot of money.

Okay, but how much money can you earn?

In general, these types of courses are not very expensive (according to Udemy 90% of the courses sold are less than 50 euros).

Udemy also has a calculator, the Udemy Marketplace Insights, which allows you to calculate the potential of your online course according to your topic.

For example, if you were to create a photography course for beginners, this would be the potential:

As you can see, most photography courses generate just over 30 euros per month, while the most successful courses exceed 400 euros per month.

Of course, there are also instructors who generate thousands of euros per month, such as this web design course that currently sells for 10 euros and has almost 20,000 enrolments. These cases are a very small minority, but do the calculation of what their author has earned!

If you want to build a successful course at Udemy, I recommend this strategy:

1. First list those subjects in which you consider that you know more than the average of the population
2. Create an instructor account at Udemy and enter your topics in the Udemy Marketplace Insights to calculate the potential of your course
3. Keep the theme where the monthly income from popular courses is highest
4. If the demand is HIGH and the number of courses is MEDIUM or LOW, you have a good opportunity

Creating a course is laborious and not many instructors achieve great figures, but if it is of quality and the evaluations are positive, little by little you will increase your turnover.

TL;DR, The key takeaways from selling courses on online platforms

• You don’t need to attract visitors or create an audience
• There is still little competition in Spanish
• Most courses do not reach 100 euros per month of turnover
• The price of the courses is low (Udemy sets a limit)
• The platform is not yours, and you can change the conditions at any time

Ways to Make Money Online [That do NOT work]

The Internet is full of promises about systems that will make you rich in an instant, or ways of working from home that, without effort or investment, will rent you thousands of euros in a matter of days.

Learning the ins and outs of these so-called “miracles” is obviously not free. Most will ask you for money in exchange for revealing their magic formula.

And that is the only truth of all: the one who really makes money is the one who sells you the method, which in the end never works. Or at least not in the way you were promised.

Don’t be fooled. Although making money on the internet is perfectly possible, it’s not easy.

You’re going to have to dedicate time and effort, and ideally have a financial cushion to avoid falling into despair if things don’t go your way.

Other people will show you that they have made a lot of money online with their system. The mistake is that they present it to you as if you could replicate that in any other sector.

What they don’t tell you is that their BIG advantage is that they were the first, and that, as much as they have done well in that market niche, that doesn’t even mean that it will work in another one.

To avoid losing money, risking too much or putting too much effort into something that will give you crumbs, I recommend that you avoid the following systems:

1. Online betting

It is estimated that only 3% of people who bet on the internet (as in sports betting, for example) end up making money.

Of course, you could be one of them, but the risk is very high: besides the fact that there have been cases where the bookmaker closes a winning account, it can end up generating a gambling disease.

You will also find out who has made money and wants to sell you their infallible method. Besides the fact that they take a commission when you open your account at the bookmaker, they are usually systems already known and forbidden by these companies.

Be wary of any method that seems to be too good. That’s why so many bookmakers give you money when you sign up: because they know that, sooner or later, they will win.

Take it as a hobby if you want, but trusting your betting hopes is usually a bad business. It is much better to dedicate yourself to something that depends less on luck and more on your effort.

2. Answering surveys

This is another of the great myths. It is true that you can earn money by filling out surveys, but the amount is usually not worth it.

You usually pay from 20 cents to 3 euros for each completed survey, which usually takes about 20 minutes of your time.

Let’s assume an average income of one euro per survey. If you do the calculation you will see that in one hour you could earn 3 euros. There is no unlimited number of surveys on offer, but assuming you could do it for 8 hours a day and 20 days a month, you would get 480 euros.

480 euros for working absolutely every non-holiday day filling out surveys? I’m sure you can think of more productive and fun ways to earn money.

If you do it as a hobby, say for 2 hours a day, the maximum potential would be 120 euros per month. Yes, it’s an extra, but it’s much more profitable to spend your time creating passive income sources.

3. Online Poker

The more money you can get, the more risk you take, and that’s exactly the premise of online poker.

Yes, there is a small minority who make money playing online, but it is by no means an easy life. Besides the fact that you must have a good memory and ability to calculate probabilities, you will have to spend many hours in front of the computer.

As if that weren’t enough, the prizes are usually much more substantial in live poker than in online poker, which means you have to travel and pay huge registration fees if you want to qualify for bigger stakes.

I personally know a couple of people who have won a lot of money playing poker. They both started online and ended up switching to the live mode, although their careers did not last long and they decided to invest in other projects.

However, there are many more who have tried and ended up losing part of their savings.

My recommendation, again, is that you decide on projects where your savings are safe and luck does not play such an important role.

4. Forex

In Forex there are people making a lot of money, but they are usually experts who have had to work on it for several years before they see benefits.

The vast majority, however many “magic” systems they employ, end up losing money.

Forex means Foreign Exchange, which basically means trading currencies. Theoretically, you make money by exchanging some currencies for others (like when you travel) until their value increases.

However, this is not easy at all. It takes time and a lot of knowledge of economics, finance and technical analysis, and you’re still going to need a lot of coolness not to make decisions that will lead you to disaster.

Again, the person who really makes money is usually the one who sells “formulas” to get rich on Forex. So be wary of anyone who makes these kinds of promises to you.

You decide, but in any case I would never gamble money from my savings.

Are you already using a system to earn money online? Which one did you find most interesting? Share your experience with us in the comments!