How to make money online

Working online
Avoid get-rich-quick schemes as they do not work except for the person selling the scheme. PHOTO/FILE
The Internet has revolutionized the world of business and today you can easily make money online from the comfort of your home.

Below are a few ideas to help you make money online in Kenya.

1.) Internet micro businesses
Internet micro businesses are simply businesses that are based online. These type of businesses offer cheaper online investments. Internet micro businesses are easy to start as they don’t require a lot of capital and they can be run from anywhere in the world provided there is Internet connectivity.

2.)  eBay
eBay, the world’s largest online marketplace, is the best place for making money online. Finding cheap online investments on eBay is quite easy, but you need to research on the market value of items and whether you can re-sell cheap items for a profit.

3.) Real estate
Real estate is a great option for making money online. There are countless auctioning websites online as well as plenty property guides for your use. You can buy foreclosure houses that are going for much less than their market value. Do some renovations on the houses and then re-sell them for a profit.

4.) Stock Market
A stock refers to the smallest unit of a company. Many investors use brokers to buy and sell their stocks. However, brokers and fund managers charge a significant management fee that can be eliminated by DIY investment. As a DIY stock market investor you will be required to open an online brokerage account at a stock exchange of your choice.

5.) Forex Market
Forex trading enables you to profit from foreign currency movement. To succeed in forex trading you should observe the 10am Rule, which requires you to wait for mid morning before buying any forex.

After 10am the market usually stabilizes and you have lesser chances of buying on an up but rather on a low.

NOTE: Avoid get-rich-quick schemes as they do not work except for the person selling the scheme. Always remember that building wealth takes time, hard work, patience and prayer.