4 Ways to Make Money Online

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The internet enables communication across a number of platforms. Here are five simple ways in which you can make money online.

Here are four simple ways you can capitalise online. 

 

 

1. Affiliate Marketing 

Affiliate marketing is where one individual recommends another individual’s product and earns a commission. This is excluding all the tedious work such as sourcing the product and delivery.  As soon as you recommend a product and people click on the link that the company gives you, you make a commission on that item

Commission ranges from 3 to 75%, depending on the product. 

An example of websites that offer affiliate marketing include mantality an online store for men. Their commission ranges from 12 to 15%. 

Another website, OfferForge, enables individuals to make money with their content. 

2. Loot

Loot, an online store offers over 12 million products. These range from games, electronics to books and toys. 

They also offer an affiliate program whereby organisations can earn money by promoting Loot.co.za to visitors. 

Individuals can become an affiliate by registering on Loot as a customer. Then, an online affiliate application can be filled out. 

Affiliates can earn 5% of the value of their first order for each customer that they refer. 

 

3. Teaching


The internet has changed how we learn. Teaching is now possible through distance learning. This includes teaching online, whereby a virtual teacher based in South Africa for example can teach a classroom of learners in China. 

About Education First, an online platform, enables individuals to teach online in foreign countries. Education First offers online teaching posts in countries such as Bryanston and even China. Their online teaching programmes run over a 5 day week of 20 hours in total. 

 

4. YouTube

The internet enables individuals to become bonafide stars. Though one thing is for sure you need great content and an ever growing viewership that can help to monetise your content.

Here a a few steps to help you get started: 

1- Create a YouTube channel

2- Enable your channel for monetisation

3- Connect your channel to Adsense in order to earn money and get paid for your videos

4- Research the kind of videos that can be monetised on various platforms

South Africans who are making money on YouTube include Julia Anastasopoulos, a SA designer, artist and illustrator. She has 119 993 subscribers. Another major YouTube sensation that has parlayed her work into advertising and even her own show is Suzelle DIY. Suzelle became an internet star after launching her YouTube channel in May 2014. 

She collaborates with top brands such as Takealot, Gumtree and Checkers. Her DIY videos range from how to make a braai pie to how to fix a plug. The artistic maven now runs her own production company, Sketchbook Studios alongside her husband, Ari Kruger. 

Source: IOL

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27 000 South Africans Lost about R600 Million in Bitcoin Investment Scam

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Since cryptocurrencies appeared and their price increased, scammers tried to take profit from it. Hacks, scams, and mysterious Initial Coin Offerings were the tactics used by crooks that wanted to steal others’ funds. Now, the country that is suffering from an important scam in South Africa, where more than 27,500 people, have been affected.

 

The Bitcoin investment group BTC Global has reported that R600 million in crypto assets have been stolen from the group’s investors.

South African Investment Group Scam

Investors from South Africa, Australia, and the United States have been affected by one of the most important Bitcoin hacks. According to local news sources, Steve Twain, the sole manager of the investments at the company, disappeared in February 2018 without mentioning anything about the funds. BTC Global’s administrative team wrote a post on Facebook two weeks ago explaining that they were not able to locate Twain.

At the moment, the South African Directorate for Priority Crime Investigation (Hawks) is working investigating claims against BTC Global. Mr Captain Lloyd Ramovha, part of the institution, confirmed that the Serious Commercial Crimes Unit is working side by side with the “Hawks.”

 

Some investors have reported very important sums of over $100,000. Individuals that wanted to invest in BTC Global, had to send their funds to a single wallet address.

Mr Ramovha commented:

“I have spoken to one of the investigators in our team and he has confirmed that this matter came to them about two weeks ago. There are in excess o 27,500 complaints with many outside South Africa. The amount is over $50 million and could rise as more victims come forward.”

When speaking with The Sunday Times, Antoon Botha of BMV Attorneys confirmed that they are working with several clients involved with BTC Global. According to Botha, they are planning to take legal actions against the company and its representatives.

“The investigation is in its infancy,” said Mr Ramovha. “I also cannot say whether it is a Ponzi scheme. BTC Global is being investigated for contravening the Financial Advisory and Intermediary Services Act,” he said.

Cryptocurrency Risky Investments

But even when the funds have been lost, the company keeps explaining that cryptocurrency investments are risky and that investors should know what they were doing. As BTC Global works as any other fund, the risk of losing the investment are inherent, says an administrator at the company.

You may also read:

What is Bitcoin and How Does it Work

Cheri Ward, an administrator at BTC Global, says:

“Every single person who invested in BTC Global did so of their own volition and subsequent to having conducted their own research into the fund. As is the case with any fund into which money is invested there is no guarantee that an investor will be receiving any return on their investment.”

Crypto Scams

Clearly, investing in cryptocurrencies is a risky investment. The market is very volatile and it is not regulated yet. This situation is perfect for scammers to spread and steal investors’ funds.

All over the world cryptocurrency scams have been registered. Hackers have been stealing investors’ funds from cryptocurrency exchanges. Initial Coin Offerings (ICOs) have never started the promised project. Finally, fake cryptocurrencies and platforms promising unrealistic returns, as BitConnect, have also been in the news.

Some time ago, Coincheck, a Japanese exchange, has been hacked and $500 million dollars in NEM coins were stolen. At the moment, NEM is working with the local authorities in order to track the funds.

You may also read:

Places to Buy and Sell Bitcoins in South Africa: Open A Free Account

As investors, it is important to be aware of these scams and to avoid not recognized sites and not professional businesses. Now, 27,500 individuals are trying to locate their funds, but tomorrow it can happen to any of us if we are not careful about the investments we do.

 

Source: Bitcoinhub

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5 Things to Do to Help You Save Money Each Month

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Saving money can be tricky and may seem undowable because we are faced with daily demands and needs. But if it dowable, here are 5 things to do that can help you same each month.

Debt Rescue provides a list of 5 mind tricks to help make saving easier:

1. Start a coin jar

Get into the habit of adding all your change to a coin jar. Ridding your wallet, purse and car of unused coins on a weekly basis is the easiest way you have ever saved. Once your jar is filled, take it to the bank and deposit the money directly into your savings account.

2. Automate your savings

This is a great, out of sight, out of mind saving method. With automated savings you take away the temptation every month and soon it will become second nature.

3. Hide credit cards

If you are trying to cultivate a savings culture your credit card has no business being in your wallet. Easy access to your credit card is just as good as walking around with money in your pocket. Don’t tempt yourself. Keep your credit card in the safe. And if you really don’t trust yourself let your partner keep it for you.

4. Challenge yourself to a 52-week savings plan

The main reason people take up challenges is because they have a start and end date with measurable milestones in between. That is why exercise and weight-loss challenges are so popular. Why not try the same with saving, and do a 52-week challenge?

With a 52-week saving challenge you save R1 in week one, and up the amount with R1 every week. In other words in week two you will save R2, R3 in week three and so on and so forth until you get to week 52 and save R52 in that week. It will be the easiest R1378 you have ever put away. Want to make it really interesting? Swap the R1 for a R2 challenge and boost your savings even more.

5. Focus on the rewards

It is difficult to save for the future with nothing tangible for all your saving efforts in between. Therefore:

  • Make it easier to save by focussing on the bigger picture of what you are saving for. If you are saving to buy a home, cut out pictures of your dream home and stare at it often. Create pin boards on Pinterest and collect ideas for decorating your dream home.
  • Reward your saving by treating yourself and your family to an affordable weekend away (for example) after reaching a prominent milestone. This way you create tangible smaller “rewards” to incentivise yourself for saving.

“Saving is a positive action you are doing for your future. But don’t put so much pressure on your cash flow that you are forced to take on debt. That is not the point of saving at all. Instead try and cut costs on luxuries and other expenses so you are able to afford saving,” it said.

Source:BusinessTech

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