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MenuI am new here. Hello all. What is the best way for an 18 year old to make money.
I am really struggling.
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There are tons of ways and you have to start without worrying how it would end. Also i am giving a very general answer since I do not know anything from your background.
Few things you can choose from:
1. Real Estate: Learn how accounting works for real estate and how you can buy properties without any cash. Learn how you can partner with someone for equity deals. Learn how comparable work and how big multifamily deals are funded. Learn about how whole sailing works. You can also do apartment referrals to start making some money.
2. Stock market: First figure out the scam and open a small account and learn how to trade stocks. Do not lose big. Start small and lose small. Understand the psychology of traders who are taking other side of the trade.
3. Get education in a high paying sector. Currently it is either in coding or in some kind of handyman job (plumber)...do a bootcamp to start earning income and start saving some money for real estate deals or stocks. Note there are coding bootcamps which do not charge any money and you pay them based on your future guaranteed salary.
Of course I have not listed 1000's of other was you can make money!
Look for mentor(s) and devote all your time to learning from them.
Best way for an 18-year-old to make money are as follows:
Get Paid to Search the Web and Play Games: Swagbucks has been around for ages and they'll pay you for doing things you're probably already doing every day. Swagbucks has already paid out over 300 million dollars to its users in the form of PayPal cash, gift cards, and other rewards options.
Start a YouTube Channel: There are a ton of teenage YouTubers making thousands of dollars per month from YouTube ad revenue.
Here are some more ideas of what you could sell: You could also post these things on places like eBay if you wanted to sell them online.
Tutor: If you excel at a certain skill, you can capitalize on it. If you really enjoy tutoring, once you get into college you can look into higher-paying online tutoring jobs.
Learn a Profitable Skill: Once you're pretty good at the skill of your choosing, you can start making money from it.
Walk Dogs: Dog walking is an excellent way to earn some extra cash and get exercise at the same time. Once you get some more experience, you could put up posters around your neighbourhood advertising your dog walking services.
Babysit: Babysitting is one of the most popular ways for teens to make money because it pays well and it's a pretty easy job. Those people can then give you a good testimonial and recommend you to other parents. These services make it a lot easier to find new parents to babysit for. Once you're ready to take things to the next level, check out this babysitting business kit. It includes everything you'd need to run and grow a babysitting business smoothly and successfully.
Get a part-time job: Getting a part-time job is guaranteed money once you get hired.
Wash Cars: You could offer full exterior and interior cleans and get a nice little business going. If things start rolling and you enjoy what you're doing, check out this car wash business kit for more resources and guidance.
Ask Your Parents for Odd Jobs: It was a terrifying experience but the money was worth it.
Make an Etsy Store: Etsy is an awesome online marketplace where people primarily sell homemade goods.
Start a Fiverr Account: If you've been online before, you've probably heard of Fiverr. Simply put, Fiverr is an online marketplace where you can buy and sell freelance services starting at $5. Fiverr is one of the best ways for teens to make money online because it's such a flexible platform.
Rent Out Your Stuff: This little business earned them about $9.50/week without much effort on their part. I'm not saying you have to do the exact same thing, but renting out things you already have can be a great way to make money.
Collect Bottles and Cans: Every year a bunch of my family members get together and have a family picnic. If you wanted to do this, you could do what I did and wait for big family gatherings, or you could go around to your neighbours and see if they have any extra bottles and cans you could take.
Help People with Technology: Some simple things to do would be installing new software, fixing small problems, helping set up a new computer/phone, etc. If you ever come across a problem you're not sure how to solve, Google is a big help.
Create and Sell Art: If you love to draw, paint, do graphic design, or some other form of art, you have a skill that can make you a lot of money.
Enter a Skill-Based Competition: Some competitions even happen online so you won't even have to leave the house. This obviously is not a consistent form of income, but it is a way that you could make a lot of money fast if you are good at your craft. Plenty of businesses and blogs need photos to go along with their online content.
Enter Sweepstakes: Some of these people have won hundreds of thousands of dollars in prizes. Twitch.tv is a place where people live stream themselves playing video games. As a streamer, you can earn money from ads, subscribers, donations, and more.
Wash Windows: Once you have the supplies, gather a friend or two that wants to make some money as well, and go out looking for businesses with dirty windows.
Run Errands: If you have your license you can make a good bit of money running other people’s errands.
Clean Houses: If you like messes and you're good at making things more clean and organized, you could do well cleaning other people’s houses.
Start a Blog: You can then make money by teaching people what you know. Some bloggers even make millions of dollars a year because there are so many good ways to monetize a blog. Also, since blogs exist on the internet, they can be making money 24/7, even while you're asleep.
Sell in Game Items: I recently saw the movie Ralph Breaks the Internet and in it, there's a character called JP Spamley who teaches Ralph how to make money playing video games. Also, this probably will not make you a ton of money. If you're already playing a game though and you're really good at it, you may be able to make some extra cash from it.
Get Scholarships: With a good strategy, you can rack up thousands of dollars of essentially free money.
Gather Golf Balls: You could also ask your parents to help you get set up selling them online . Since you're a teenager, there's a good chance that your primary mode of transportation is your legs.
Deliver for Door Dash: As a Door Dash delivery person, you can set your own work hours and earn extra cash for each delivery you make.
Get Perksy: It's definitely the most enjoyable money making app I've ever used.
Save Your Lunch Money: If your parents give you lunch money for school, skip lunch and pocket the money.
Host a Poker Night: If you're a good poker player and you don't feel bad taking your friends money, host a poker night at your house. I recommend practicing a bit before you get into a real game with money though.
Reinvest in Your Business: If you've started one of the side hustles above like reselling things at school or starting a blog, your business needs money to keep running.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
Look for problems that you can solve. Look for things that you are passionate about and go for it. Take a career interest assessment and see what career clusters best fit your personality traits. Skies the limit but you must start somewhere. Best wishes.
Check out my bio
Hi there,
Take up a hobby, master it, and charge people for it! If you’d like to talk more about this topic feel free to call me. The way I grew up forced me to have a steady income at the age of 14. I’d love to help!
Good luck
Related Questions
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Is there any sustainable way I can earn $100 everyday continuously for one year by using internet as medium?
There are an infinite number of ways to do this. Remember that you get paid for adding value to people's lives. Paid webinars, monthly newsletters, selling or reselling via ebay/etsy, ebooks (especially via Amazon/Kindle), digital products (check out Clickbank) as a creator or affiliate. Look for something you're interested in so that your interest won't wane. If you're only in it for the money, it won't last long and you won't have the drive to make it high quality. Check out Pat Flynn's site Smart Passive Income for ideas and resources. A key for any business is to leverage your time and create recurring revenue. Freelancing tends to be another job (dollars for hours). Creating something once that can be sold an infinite number of times (all digital products) is the key to growing your income. Developing a network of supportive people who can help you build your idea and can later help you promote your products/services is also critical. Don't think you can do it all yourself. Leverage (and support!) your connections. It usually takes time to develop the infrastructure and following/tribe/audience/customers. Don't give up too soon. Eighteen months is a good benchmark. After that, if you've put in the work, the business will start to take off. Don't expect "fast cash" before that though. Be willing to put in the hard work, delivering value all along the way (usually for little or no money in the beginning to develop a following who will buy from you later).PO
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What’s a realllyyyy passive way to make passive income?
Ebooks selling is also one passive income and there plenty of places to sell them like Amazon.MT
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How can I validate that the information a money-making book is providing is actually helpful money-making knowledge?
Does it pass the "smell test"? Does the information make sense? Does it seem logical? Did you try it? Call me skeptical, but when I see folks selling the "proven blueprint to making millions in your sleep", I keep walking. If I had the secret money-making formula to make everyone in the world rich, why would I share it for $79.99? Why would I have to "sell" people on the idea. I would just show my friends and family and retire knowing I helped them. To make money, one must follow some well-established, foundational traits. Buy low, sell high. Repeat. A lot of great education can be found online, in books, and by speaking with some of these experts. But it should be applied to your unique situation, you are not like them and they are not like you. If you are looking for a risk-free, guaranteed way of making money and believe it can be found in a single book ... you are exactly who the author hopes will buy it.SN
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Close friend from outside the U.S asked me if I can use my account to receive money for his online payments. How much % should I charge him?
Depending on average transaction size, number of transactions and the potential risks you are taking on (i.e what are you responsible for if your friends product or service isn't delivered on?). Anywhere from 2-20% could work depending on the above. As for accounting, I would recommend keeping the transactions in a separately coded lines of revenue and expenses so you can clearly show the in and out flow of money for his app. It will be taxed as income so you can include that in your fee if you wish. Also know that banks these days are very sophisticated with detecting fraud and money laundering so ensure you document the arrangement with your friend so you can easily show everything is on the up and up. I hope that helps!AV
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How can I monetize a new blog?
Having a blog is a platform. It's an unknown platform at the moment, so it's not very valuable yet. Traffic is the name of the game: you want eyeballs on that blog that are connected to brains that are already interested in your topic. Find influencers who are respected in the field you're blogging about, and get them to say something about you and your blog. That will do more for you than anything right now, while you're unable to pay for traffic. On your site, you want to have relevant offers. Leverage the traffic by getting interested prospects to sign up to your autoresponder list. That way, you can continue to market to them...qualify them further...and sell them. Multiple times. Do not allow visitors to escape without the opportunity to opt-in to your list. You fought hard to get them there: make sure you can continue to market to them. After you get the basics of a funnel set up (Traffic >> Opt-In >> Sequence), consider the concept of Laddering. This is where you have increasingly valuable offers for people to buy. A huge mistake I've seen many beginner marketers make over the years is to have only one product or service to sell. Once the buyer gets that...what else is there to buy? Remember that there will always be some people who will buy literally everything you put out there. Make sure the solutions you provide work. And once you are confident in their quality, be happy to sell them to people. (Sounds weird, but a lot of people get bent out of shape at the idea of selling something.) Finally, keep in mind that if you create and own the product, your margins are much higher than if you're an affiliate. That means more revenue to you, and more cash to make choices with.JK
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