How To Make Money Online: Which Way is Best: Trading, YouTube & Blogging
YouTube is one of the most popular platforms for making money.
Although it involves a lot of research and time into creating valuable content for your audience, YouTube can quickly become lucrative.
It is free to start a YouTube channel and it doesn’t require as expensive equipments as you may think. You can monetize it with ads, sponsorships, affiliate links and more.
Plus, YouTube is a great way to create a community and build trust with your viewers. It increases the chances of them coming back for more content and buying more from you.
You might want to take into consideration though, since YouTube is free to use, it involves rules you have to abide by, which can become restricting.
For those who prefer text content over video content, blogging can be a great alternative to making money online. Blogging started way before YouTube became a money making platform, and will stay on for years to come.
Blogging and YouTube channels hold similarities. They both involve topic research, audience targeting and time spent into content creation.
The money making methods in blogging are also similar to YouTube: affiliate links, sponsorships, selling products/services and more.
They also both can become passive income making as the years go by. If you use the right SEO methods and stay consistent, your previous blog posts can still reach people.
Owning your own blog comes with benefits as opposed to having your YouTube channel on a free platform that could potentially close tomorrow.
Your blog is yours forever and only you can decide to take it down or not. You are in complete control of what happens on your blog and how to run it.
The downside to blogging is that it might take a bit more time to grow a profitable blog. Especially because you are in charge of driving traffic to it, rather than tapping into an existing platform community.
It also involves investing in the design of your blog and other tools you might need to start, making the whole experience more expensive in the beginning.
Trading is quite different to YouTube or blogging, but it is also another great way of making money online.
‘Forex’, or ‘trading’ is the act of buying and selling assets in the aim of making a profit. We could dig into this topic in more depth in another blogpost, but let’s focus on the pros and cons of trading here.
First of all, trading is not gambling. It involves a lot of knowledge. It means you have to document yourself a lot before starting out, just like you need for starting a blog or a YouTube channel.
The difference here is the risk trading comes with, since you are directly using your own money. Although it doesn’t need to be as daunting as it sounds. You just need to be careful and act based on knowledge.
Unlike YouTube and blogging, once you know how to trade, you don’t have to create content nor reach an audience. It can therefore become quickly profitable without putting in the same kind of energy as in YouTube or blogging.
YouTube, blogging and trading all have pros and cons. But with the right knowledge, they all have been proven worth it in the long run.
It is yours to decide which one suits your skills, passion and situation best, so you can start making money online today.
Let me know in the comments which way you prefer. Good luck !