How to Make Money Quick in Five Easy Ways

A lot of people want to make money online but they are worried about the scams that are getting reported. The good news is, there are legit ways on how to make money quick online without getting entangled with scams. These five easy ways to make money online is proven to work in fact, a lot of online entrepreneurs and freelancers are making a decent living out of it.

1. Trading in binary options

Binary option is the newest and has become the hottest means of making money online since it was introduced by the Chicago Board Options Exchange since 2008. This enables those without financial background to gain profit with little training. All you need to do engage in binary options is to predict the value of a financial asset; up or down. This means that you have a 50-50 chance of profitability but with careful research, you could easily increase your chance to 90 %.

2. Taking paid surveys

Did you think that your opinion doesn't matter? Think again because huge companies like Coca-cola and Colgate had been paying huge sums of money in surveys and now with the Internet, paid surveys has taken to new heights. Companies want to know what people think of their products and what better way to get that information than to pay those who are going to answer your questions?

3. Make money from your own website

There are so many ways that you can make money from your own website; monetized blogging, affiliate marketing and running ads. You can even combine all of these to make an even bigger impact. And you should also not forget about selling your own product right from your own website.

4. Make money selling other people's products

If you don't have your own product or service to sell online, you don't have to worry because there are other people who are willing to pay you to sell theirs. There are a lot of ebook writers, instructional video producers and people who are selling services to a specific niche who need advertisers to sell their products for them. These people are willing to pay a handsome commission if you are able to sell their products.

5. Make money on Facebook

If you have not yet decided on where to start making money, why not start with the most popular social media, Facebook. The idea is, when people gather, there is money to be made. Think of a way to brand yourself in Facebook; do you want to sell items that you have bought in the latest yard sale? do you want to be seen as an expert in a specific niche? it's up to you.

Although how to make money quick online is not as hard as it used to be, today's marketplace is more competitive. You can not just sit on your laurels and expect money to come. Whether you are considering Facebook, Ebay or to be a affiliate marketer, having your own website is one the first things that you should consider. This is will add to your authority and give confidence to your prospective clients.

Stock Brainiac will provide you more information about how to trade stocks.

How to Make Money with Penny Stocks

Considered to be the most explosive opportunity of making money online, penny stock trading has gained tremendous popularity since it's unveiling. When we talk about penny stocks, we are talking about those stocks that you can buy at $ 5 or below per share. Here are some tips on how to make money on penny stocks:

1. Follow a specific guideline

You should not enter the stock market blind folded. Having a specific guideline will give you an indicator and help you evaluate a specific stock. If it doesn't fit the criteria of your guideline, don't buy the stock. You should stick with your guidelines no matter what and avoid buying stocks just because a friend told you about it.

2. Know when to get out

The problem most traders face is that they don't know when to stop. A wise penny stock trader will not allow losses to file up by chasing after stocks and adding to their position. The best thing to do is to know when to exit the stocks and re-enter when your indicator gives the buy signal.

3. Trade only with good volume penny stocks

Avoid trading with low volume penny stocks because you will have difficulty exiting from it. Look for share averaging 1,000,000 shares per day. If you can find stocks with more shares per day so much the better.

4. You should diversify

Investing on one single stock is a recipe for disaster. Considering the size of your portfolio, you should avoid putting 10-20 % of your money on any single stock. The reason behind diversifying is that, if one of your stocks drops, you still have others to back you up.

5. Use automated stop orders

If you can not attend to your stock on a regular basis, you better use and automatic stop order. You should not allow market downturns to have a great impact on your account. But the better option would be to steadily monitor your stocks during trading hours.

Perhaps that most important aspect on how to make money with penny stocks is being disciplined. No matter how good your system is, if you don't follow it diligently, it will fail. Know also how to control your enthusiasm. We all experience that, when we get too excited about something, we lose our rationality and may proceed without considering the facts. If you do that with penny stock trading, you will end up getting broke.

Stock Brainiac will provide you more information about how to buy penny stocks.