How to Earn Online Income w/o Risks?

Nowadays more and more people work remotely due to COVID. In general, the possibilities of online services and solutions help moving many tasks to the Internet and work from any corner of the globe. Besides, you can find a profitable niche and establish an additional source of income or even make online business your main basis of income. How to do it and avoid possible risks? We will cover the topics in a series of articles.

They will help you to:

1. Choose a niche for making money online.
2. Learn the basics of online security, make and accept safe payments online, and protect your personal data.
3. Know all main online scan schemes and learn how to avoid them.
4. Find lists of the most profitable referral programs.
5. Get knowledge of promoting your business online.
6. Share your knowledge and find real cases from Megabonus users, and much more.

What do I have to consider before I start earning money online?

• Make a list of the niches you are good at. Think which ones can bring you money online.

I.e. you are a teacher. So possible variants of earning money online can be:

1. Online lessons (on Skype, Zoom, etc.)
2. A series of daily/weekly lessons. To monetize them, make a paid subscription.
3. Paid essays.
4. Consulting students and scholars.
5. Channels/pages on social media networks (Facebook, Vimeo, YouTube, etc.). In this case, you have to promote the channel/page and earn money from advertising.
6. A website with paid services/subscriptions.

• Think what type of online business suits you best and what additional expenses you might bear (hosting for a website, paid advertising, tutorial platforms fees, etc.)
• Decide how you will protect your personal data. It’s no worth spending time creating a lesson in case it can be stolen and published on other websites for free. We will cover the topic in our next articles.
• Study all laws that might apply and find out how not to break them. For example, you have to be an individual entrepreneur to promote your lessons in your area, etc. Consult a lawyer if necessary.
• Have a separate bank card you will pay from and accept payments to. This will help you avoid security issues. Study the best payment methods that suit your users and check money transfer fees in case you have to withdraw money from a tutorial platform or YouTube to your card.
• Make a 1-3-5-year plan and calculate the expenses and expected revenue.
• Do not do everything on your own. Sometimes teamwork can bring more fruit.
• Pay attention to the visual part of your product/service. Find a feature that will help you stand out of the competitors’ offers.
• Use all possible opportunities to promote your products/services online. Also, take into account offline adverting. Who knows? Maybe later your pet project will turn into a big international company.
• Do not rush into the offers to make $10,000 within a month. Most of the schemes are illegal or fraud.
• Сaution is the parent of safety. Always check offers, collaboration schemes, and papers.
• Be persistent and make sure you have enough time for the initiative. It’s not worth wasting your time (which is money) on the things you will not be able to support and promote in a month.
• Do not be ashamed to ask for help and advice. Most users are happy to share their experience. Talk to your friends and relatives and tell them about your idea. Create a pilot project and ask your friends to review it, and share their thoughts.
• Join businessmen/startup forums, subscribe to business ideas blogs and always monitor the trends and interesting threads.
• Choose the niche and the product that motivates and inspires you. In this case only you succeed.
•  Set big goals. When you set a 100% goal, you mainly get a 30% result. So aim for more.

Already earning online? Then share your experience in the comments below to help those who are at the beginning of the path now.