MAKING MONEY WITH FOREX: making money online

Wednesday, June 19, 2013

THE COST OF MAKING MONEY ONLINE

MAKING MONEY ONLINE

If you've read by other blog installment called THE SECRET OF MAKING MONEY ONLINE then you will be thrilled by yet another secret of making money online, viz. Blogging. Blogging is fun pastime and a fantastic idea, however, blogging for money is an even greater idea. Blogging essentially revolves around the possibility that 1000's of surfers will spend a few minutes reading your blog. By doing so, you earn a few cents per 1000 visitors (CPM) but you will only earn this if you are signed-up to Google's Adsense Programe or Yahoo's Bing Network Contextual Ads. An added benefit is the possibility that your site visitors find your blog content interesting enough to click on one or more of the ads associated with your website. This may boost you earnings marginally, but very likely at the rate of about 10 clicks for a single US Dollar. Below are two more secrets of making money online viz e-Baying and Forexing.

BLOGGING

Blogging is cool, sexy, hip and the in-thing and a sure way of making money online. Attracting network traffic to your site is an enormous SEO task which can become a bit of a nightmare because there are tens of thousands of new websites starting-out on the internet daily, all of which are vying for pole position in search engines. An alternative to designing and maintaining one website to attract a 1000 visitors, is to have 250 advert displaying websites and expect just four visitors per day and hope to get 1000 hits daily. Maintaining 250 websites is even a greater nightmare, in fact it's a full time job that will earn less than a dollar per day, averaging at $3 US for about 3000 visits. Meanwhile the cost of making those few measly dollars will cost you fist full of dollars, considering the cost of your Internet connection, the cost of your time, the cost of electricity, the cost of wear and tear on your computer. I could amount to more than a 100 times more than what you are earning online. However, if you persevere could can make good money, but not as much as you would make with trading in Forex.

E-BAYING

Buying and selling on e-Bay is another fantastic idea. Been there, tried that and it didn't work that great for me. Not that it won't work for you. I bought sought after goods, intending to sell them locally at a marginal profit. However, the marginal profit is directly affected by the auction price of your final bid. But it doesn't end there. Your supplier adds packaging and unrealistically inflates the postage. This is to make up his losses on all the other goods that didn't fetch the price he expected. Normally, it just so happens that the exchange rate for the day is not in your favour when paying with Paypal or with your credit card. Anyway, then it takes a month before your goods arrive or rather a notification from the postal service arrives notifying you that a package needs to be collected at Customs. Customs is a satellite branch of the Internal Revenue Services (IRS) that inspects all imported goods. They then add-on import duty, normally a percentage of the value of the item and then they add value added tax (VAT) to it. Not forgetting the bank charges for the transaction on the credit card. Suddenly the marginal profit becomes minuscule and in most cases non-existent. Yep, it just takes the wind out of your sales. The cost of making $50 could actually cost you $75.00. E-baying is still a good idea but Forexing is a great idea.

FOREXING

Trading in Forex is probably the best way of making online money. and making money with Forex is Easy. It beats blogging and e-baying hands down. You can quite easily and very quickly turn a small investment into a massive profit. In fact thousands of people have turned small investments into remarkable profit with Forex, because it is the quickest and the most secure way to earn additional income online. Trading Forex allows you become a part of the world's largest financial deals which moves in excess of $5 Trillion daily. Signup for and account, and Forex expert traders will teach you all you need to know, absolutely free of charge. Before you venture your money make absolutely sure you understand how Forex works. Do not trade, unless you understand the risks involved and always take into account your level of experience. Remember leveraged Forex products incur a high level of risk and may not be suitable for all investors. Beware that uninformed trading may result in a substantial or complete loss of funds and you should therefore only speculate with money you can afford to lose. Never risk more than you are prepared to lose. However, this warning should not stop you from getting involved. Get a Forex education. Get a practice account. Trade with real money that's not yours until you get the hang of things. In a very short while you could be smiling all the way to the bank.

Tuesday, April 2, 2013