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How to Make Money Online - The Definitive Guide

How To Make Money on the Side

Welcome to this PromoGuy guide on how to make money online. While our primary focus is on sports betting, we have created this guide to show you how it compares with other ways to make money on the side.

So, if you are looking for ways to make money from home but don’t know which one is the best, then this guide is the perfect primer for you. It covers the different ways you can make money online, the pros and cons of each, and how they stack up against different sports betting methods.

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Which is the best way to make money online?

Learning how to make money easily using sports betting expert picks or by any other method is something many people aspire to, especially considering the events of the 2020 pandemic, when many people will have worked remotely for long periods of time and have got the taste for it. For that reason, there has been an increase in interest in learning how to make money fast online from home. You can learn more about how to make money remotely here in this handy guide.

In that time sports betting has emerged as one of the front runners, as you don’t need any special equipment, staff or stock to be able to get started. You also don’t have to be any good at sales, marketing or being able to send visitors to your own, or anyone else’s website.

How much money do you want to make online?

While the thought of making life-changing amounts of money obviously has its appeal, you might just be one of those who would simply be happy enough to make the equivalent of what you are earning now, only without that daily trip to the office, and preferably in less time.

Among these will be parents with younger children to work around, those with visible and invisible disabilities that make an online income the best option available. However, there seem to be plenty of ways to do this, and all of them proudly proclaim to be the best. This is why in this guide we’ll look at what is available when it comes to learning and how to make money from your phone and your laptop.

How to make money from home – what you need

Before we get into that we need to look at what you need to get started. As we mentioned above, to start sports betting, you essentially just need a device that can connect you to the internet – and that’s about it, although winning betting picks help! For the other methods we’ll look at in this guide, you might need a few other things including the addition of a website, or some storage space to keep goods and supplies.

We’ll cover all of that later, but for now we also need to look at the real governing factor around ow to make money online, and that is the amount of time you have to dedicate to it all, so we’ll being sizing up the timescales involved in all of the methods in relation to how long it might take you to place a bet.

How to make money on the side – make a little extra every month

You might currently be in the position where the amount of time and money you have will mean you want or need to start small. This is OK, as most side-gigs or side hustles start off as tiny acorns anyway, and if you are starting, for instance, with a sports betting strategy, you can spend some time building your bank.

You might want to learn how to make money quick so you can add to your current income and offset the rising cost of living, as well as those standard things from your wish list such as buying a new car or taking the family on a special holiday. So, in this comparison, we’ll be looking at the potential of each method to do this, even if it is on the way to something bigger.

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5 Different ideas for how to make money online – what are the alternatives?

Now we’ll look at a few different ways you can make money online. This is not a complete list by any means, but an overview of some of the most popular ways available so you can mentally try them on for size and see how they compare.

How to make money online by selling goods online

If you chose to start here, you might feel on familiar ground as almost everybody has sold something on eBay at one point or another. You could even get started by selling your unwanted items to get some start-up cash together. The next step is to identify the products you want to sell, and source them either from places like charity shops or yard sales, or by buying in bulk from a wholesaler either locally or somewhere like China.

The positive here is that you can get started today and even make your first sale in hours, but you will need some space to store your stock and pack your orders (unless you choose to sell on Amazon and use their FBA option). You are also going to have money tied up in stock, which can potentially hinder your progress, and if you are importing from abroad, you might quickly find yourself out of your depth.

How to make money online using affiliate marketing

If that idea doesn’t appeal, you can always opt for affiliate marketing. This involves sending potential customers to a partner's website, and you receive a commission on everything that person buys. There are minimal overheads with this project, so you could theoretically do this with just a laptop or tablet, although you could need a website to use as a platform for lead generation. While putting together a basic website can be done quite cheaply in an afternoon with minimal skills, getting it in front of people is a different matter entirely.

Doing all of this can take time which is far from ideal if you are looking for ways to make money fast online, and the other major drawback here is that you only get paid on results. Those results will depend solely on your marketing skills, and if you don't have any already, discovering all the ins and outs of online promotion can be a steep learning curve to say the least. This is especially true when it comes to sportsbook promotions, which are becoming increasingly popular as more US states legalize online betting.

How to make money online as a social media influencer

Many social media influencers use a similar model as affiliate marketing to make money online, whereby they demonstrate or mention a product or service to their followers. This can be an ideal way to make money quick, especially if you already have a large social media following. It also requires little in the way of start-up costs except the phone you no doubt already own.

It is worth remembering here that many social media influencers were already famous for reasons outside social media and brought their following over with them. If you are not one of these people, the downside here is that you’ll need to build a following from scratch, and this can take a lot of time and effort that you might not have spare.

How to make money online financial trading

Barely a day goes by without another headline about somebody making a fortune from cryptocurrency, NFTs or one of the other things that most people in the general public are only beginning to understand. Because it has that unknown quality, it is easy to imagine that fortunes are created from nothing, when in  reality that is not always the case. Forex trading is another way of making money online but is likely to involve spending long periods of time looking at charts or staring at the screen, and that is once you’ve learned the tricks of the trade.

Also, with both digital and forex trading, there can be quite a predatory approach from the people willing to train you, meaning that some people will end up not being entirely sure what they have gotten themselves into, and regretting what can be a very costly decision.

How to make money online answering surveys

This has many of the same start up requirements as sports betting, in that you don’t need any premises, staff or technical expertise, and you can, if you wanted, get started today by simply signing up.

However, all of that simplicity comes at a cost, and that is that these surveys tend to pay very badly for your time, and in reality you’ll be making considerably less than minimum wage for what can be an awful lot of time.

+EV sports betting

As you can see, these all have their benefits and some pretty big downsides, but how do they compare to a sports betting technique like +EV?

This involves uncovering situations where you can make a profit by consistently betting on the same outcome over time. For instance, if you could stake $10 and win $20 every time a coin came down heads, and $10 if it came down tails, then consistently betting on heads would be a good plan.

This is because while you wouldn’t win all of the time, over time you’d win more money than you’d lose. This is of course a very simplified version of the winning betting strategy, and you can find out more about how this works in detail using our guides, including how to make money betting on sports, which goes more into the specifics of winning gambling strategies and the like.

Conclusion – make your choice of the best ways to make money online

As you can see, there are many different ways that you can make money online, and which one works the best for you will depend on what your interests are and how much time you have to invest.

Making the right choice can be difficult, and if you are looking for information on what you have read about in this guide, simply look at the other guides here on PromoGuy, which can point you in the right direction.

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How to make money online FAQ

💭 Where can I find how to make money online?

It is often the case when trying to find how to make money online that there is simply too much information out there for you to make the right decision. However, by reading our brief but candid guide to the different ways you can make money online, you can see at a glance what the pros and cons of each one are and find the right path for you to go down.

🚫 Are ‘make money online’ programs all scams?

When you are finding out how to make money online, you will know doubt encounter companies that take a predatory approach. You can usually help yourself to avoid these pitfalls by reading our free online guide, and knowing many of the basics beforehand, so you have a better chance of spotting anything that is too good to be true.

🙋 What are the best ways to make money online from home?

There are many different ways to make money from home, but they are not going to work the same way for everyone. This is because everybody has a different skill set and level of experience and picking the right method for you is essential. To get an overview of some of the many choices available, check out our free online guide.

🤔 Which side gigs can I start to make money online today?

Knowing how to make money on the side can be useful in a time of rising prices and job uncertainty, and there are many options available. While some might seem to offer the best results, if they are not right for you, they simply won’t work. To get an overview of some of the options available for quick start side hustles, check out our free online guide.

❓ Where can I find out how to make money fast online?

If you are looking to make money easily, you will need to be very careful about how you do it. While there are many companies out there offering useful advice and training, you could end up spending time going down a dead-end street because the method isn’t right for you. To get a better idea of what might be right for you, before you dive in with both feet, read our free online guide. 

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