Advantages and Disadvantages of Making Money Online

The consept to make money online has become a way for many people to make ends meet and earn extra money, extra fast. Consequently, more and more are becoming self-employed and spending all their time browsing through the Internet in the search of the next money making gig.

Everyone has different reasons to prefer making a living online but let’s not overlook the possible threats. If you’re still wondering whether to start, here’s our overview on the benefits and setbacks regarding making money online.

Advantages of online earning:

1. Endless possibilities

If you have ever Googled how to make money online, you probably came across at least a thousand different ways to do that. Besides the traditional concepts of online selling, copywriting and participating in paid online surveys, there are new websites emerging to offer you payment for the weirdest things.

Have you ever imagined that you could get paid up to ₤10 for clicking through a website or sharing something on your social media? As the Internet has turned into a battlefield for marketers, there come the advantages for users. You can earn outrageous amounts of money by reviewing, promoting or sharing businesses, taking pictures around town or answering simple questions.

And the best part is that all that is just an Internet connection away. It requires a minimum effort and absolutely no expense from your side. So if you have a lot of free time on your hands, go check out the possibilities and have fun earning!

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2. Flexibility

No more schedules! You can organise your task and working hours around your other planned activities instead the other way around! You can work any day, any hour and anywhere you want and have internet connection. You can forget all about begging for a free day or leaving work early, because when you work from home you’re your own boss now.

This is a huge advantage, especially for mothers who have the full-time job of caring for their child and can’t really obey any schedule. The perfect fit for them are paid online surveys, which take only 15 minutes at a time and are lest engaging. Writing content for blogs or freelancing are also good options for people with additional obligations.

3. No need for investment

Of course it depends on how you will be making money online, but most cases require only a computer and internet connection, which can be found in every home. You don’t need to have an office, you can designate a working space at your house and turn it into an adorable home office.

Legitimate online gigs will not require any payment in advance, so you can start now without hesitating. However, if you use Gigwalk for example, you may have some transport costs, since the app pays you to walk around cities and check signs, labels or take pictures of certain places.Shutterstock _262387655

4. Completely effortless

Maybe the best thing about making money online is that requires a minimum effort or level of skill. Remember when you were young and your parents were telling you to study hard because people with no education will never earn their own money? Well, nowadays they would be so wrong.

You don’t need any kind of education or experience to make money online in most of the cases. All that you need to invest in it, is your time. The fact that it’s very time consuming is undeniable, but after all, why not do anything efficient with your spare time instead of wasting it in front of the TV?

5. Safe and easy

Most of the online payment is executed via PayPal, which is the safest and easiest to use online transaction system. And the best part is, you don’t have to do anything! The money are automatically transferred, converted, you don’t have to go to banks, cash-in checks or anything, they’re yours to spend in one click!

Note that there may be alternatives to PayPal sometimes, so just make sure that the website is reliable and offers a secure connection.

Disadvantages of online earning:

1. Partial isolation

When you are self-employed and make money online, you most probably work from home or some secluded place where you can be alone and do your tasks. This may lead to lack of social contact and a feeling of loneliness and isolation.

Furthermore, since we are already spending so much time in front of computers, imagine if you make your living in front of it too. This undoubtedly harms your eyes, sleep and overall health.

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2. Beware of scammers

Needless to say, to all of the great online earning opportunities, there are twice as much fake or scam ones. You need to be really careful to screen them out, so you don’t end up losing more money than you actually earned.

Identifying of scammers is easy if you follow these simple principles:

  • Never agree to pay anything, after all it’s a job and they should be paying you
  • There’s no such thing as a free meal- don’t fall for ads that are just too good to be true
  • Always to a background check of the company you’re interested in

 

Most of the ways to make money online require you to spend a lot of time to actually start earning money. Even if you start out with a little, have the patience of being persistent and build up to a larger sum. After all, earning online is like every other job- you start out at the bottom and make your way up.