Topic: I need 5 sources of revenue to generate $200 each per month - Ideas? - page 7. (Read 6448 times)

But don´t you think that the market is oversaturated with offers? Thanks to shopify everyone can create a dropshipping eshop in few minutes, so to succeed you need to spend a lot of money on marketing at the start, or?

Invest on casinos, no work needed.


Is it allowed to buy by the bulk of masks and hand sanitizers in your area?  Government today are now limiting what you could buy because anyone will hoard and to avoid it, they are now allowing bulk buying.

Online shops need capital so starting an eshop will cost unlike having just a facebook page and sell things on facebook, will cost just the time. Marketing locally will work as long as you can deliver by yourself.

With COVID, face masks and hand sanitizers remain as hot items

You have this not succeeding risk in every business. Online businesses are more cheaper than the offline business one has. Think about a clothing store which has a show room in your mall.

How much they spend a month for rent, electricity and others?
How much they spend to pay the staffs every month?
How much they spend in marketing?

In e-commerce you do reduce a lot of these costs nearly to zero.

Can you give me rough figures on how much revenue it could generate per month? I might open one in the future.

I have spent few hours to do a research and it's not as easy as many people think. The biggest problem, what I see is with choosing the right product and secondly with a marketing. The money that generates the eshop is fabulous, but there is a big chance that you spent a lot of money at the start and you will not succeed.

I do not recommend making money from bounty hunting as they pay an extremely small amount of money per month. I leave you this quote by Will Rogers:


i.e. Don't spend the money you just earned on commodities, save it.

If you have a good amount of money just invest in crypto
If you don't have money and you want to earn just work as a bounty hunter earn a good amount of money and then start a project on your own
Everyone has a skill (for example: photography) buy gear and start working or setup an ecommerce shop...

how much you'd invest though?

I doubt we will see an update, in his post he said:

I didn't notice he wish to invest money! And if you don't invest time and skills or money, you can't generate any income! Basically those two are first choices, you will work for it (with your time, energy, knowledge) or you can buy some shares (staking coins, dividends from some exchange, or casino). There's no third option, it's either this or that in my opinion! I have couple investments from which I have some passive income (daily, weekly or monthly, depends on investment), but it's nothing much, couple dollars here and there, I didn't wish to invest huge amounts in them, so I don't expect much, I am satisfied with couple dollars here and there.

You can't just approach any CEO or manager without establishing a reputable portfolio first. Assuming most don't have any prior background.

Do you have any to show to us?

Would love to get an update from OP.

the only thing i think about is working. or you can try to take advantage of various advertisements if you have a youtube channel, or the web to register to google Adsense. in the crypto world, you can try to advertise various projects. even though it's not certain that it's successful, it's worth a try. because for me the current income of $ 200 is quite large.

im doing a project, trying to earn as much as possible with help of diffrent sites, i have a job with alot of downtime so i was thinking about maximizing profit,


but for right now even getting above 10 dollars seems like a strech -_- , guess translator work is your best bet but thats more like normal work and pay less then normal work.....

Have read all replies.. I am in the same hunt and from what I could see during my journey it will depend on your situation..
You say that you already have a job so the first step is already done.. Mostly, if you search through internet, you will see lots of business..
You may want to create a business first.. does it require skills? what skills do you need?

A dicing game where people can bet over telegram - coding skills

A networking system where you convince group owners (telegram, facebook etc..) to advertise business ads - convincing skills

A drop shipping  business - marketing skills

I would suggest you to take a look into indie hackers..
If you have no skills, no money and little time, it will be really hard because competition is too high

I have a job (little starting money to invest), a skill (coding) and now I am creating small apps.. aws provide good free tiers so I can spam apps and test them paying almost nothing. I also have limited time and I am very tired by the way (and poor) lol, but here is my plan:

- Search a niche >
- Investigate current business in this niche >
- Create a MVP of a SAAS very quick (to test it fast and fail fast) >
- host it on AWS free tier >
- Spend a little $ in fiverr with marketing
- If it has some engagement I keep working on it.. otherwise I move on
REPEAT ^

I am just sharing my plan because it might help others besides op.. I am still struggling on my first app MVP because it is taking more than I thought lol

Some really nice ideas here, so im adding my own

Build an online asset, provide value, any kind of value for your community. It can be esports odds, ways to invest time and hobbies glossary - anything with value to targeted audience. Build your audience community, educate them, learn from them. Once all done - monetize !

Good luck
 

There is no way to earn but dont invest money or work.
The whole concept of passive income was planted in our brains by MLM-systems.
You once promote and afterwards earn passive.
But all this systems dont reward the customers. In the specific case of crypto it almost always lets the customers loose.
So in the end you have to promote a scam and get your share for that. Somehow its not an income, its almost comitting a crime.
In germany you can get sued and pay for the losses of your refs, if you promote such a snowballsystem.
Exceptions is g.e. promote a huge exchange like binance with your reflink.

In my Opinion, passive income is an unrealistic dream. You can only earn peanuts by that or you have a lot of work with promotion or you cheat others.

There is no sitting around without sweat or risk and earn. Ok, if your fathers is a millionaire, maybe.
You either work or invest or both. And in this easy ways there are myriards of possibilities. Its proofed since kapitalism rose.

One good source is buying and selling things online, you know, buy things that you consider they could be sold at a higher price. That's a fast making money way.

And another way is staking, some coins let you earn by holding them, but to make $200 each month you will need a big amount of them.

But trading is quite dangerous, and as far as I understand the author’s messages, he wants to make a profit without risking anything at all. Which significantly complicates his search. Although quite a lot of good advice has already been written.

I think crypto trading won't be a bad idea, but it is market dependent.so profit might take time. But its a start. Especially now that the value of bitcoin keeps rising and dropping.