Earn Money New Ways to Make Money Online

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Become a sneakerhead​

Selling sneakers online is becoming big business, and not just for Nike and Adidias. Platforms like StockX, GOAT, Stadium Goods, Flight Club and Bump are fueling a boom in the shoe resale market. Sneakerheads are flocking to these platforms to flip rare kicks, which they usually snap up directly from big brands before marking up the price online.


A big player here is StockX. Befitting its name, its website looks more like a stock trading platform than an online shoe store. For example, if you click on a pair of Yeezys, you'll discover how its sale price has fluctuated over recent months, a "ticker” and a gauge for price volatility. Buyers place bids and sellers place asks, and a transaction happens automatically when the two sides align. StockX collects a 3 percent payment processing fee on all sales, plus a 9.5 percent fee for all shoe sales (the site also sells other collectible items, like handbags and watches).

Not convinced? A pair of Nike Dunks that once retailed for $200 sold on StockX for $13,500 in July 2019, according to The Wall Street Journal.
The takeaway: The secondary market for collectible shoes is having a moment. It takes some overhead and legwork, but if you’re game, you can still make money on the fly.

Weigh the implications of selling access to you​

Personal data is in demand, and although it’s controversial, you can capitalize on that if you’re unconcerned about privacy.

Look no further than Facebook, which now offers payment in exchange for permission to track your phone usage. In 2019, the social media company launched Study from Facebook, a market research app which collects user data about phone activity in return for a monthly payout. The company says it won't use the data to target advertisements or to sell to third parties; it simply aims to learn about the habits of smartphone users. You have to register and receive an invite from Facebook to participate, with the app only available in the U.S. and India for those ages 18 and older. Facebook doesn’t disclose how much it pays participants, but the company says everyone who takes part is compensated.

Selling personal data online isn’t entirely new. The company Datacoup has been around since 2012 and offers to help people sell their data anonymously. Then there are options like Panel App, which doles out rewards to users who take location-based surveys. Overall, this trend should continue to provide regular opportunities for people hoping to make money. Case in point, on Prime Day in 2019 Amazon offered U.S. customers a $10 credit if they let the e-commerce giant track the websites they visited.
The takeaway: If you’re not attached to your privacy, opportunities to sell your personal data shouldn’t be hard to find.

Follow the example of thrifty teenagers​

People have long gone online to clear out their closets, but Gen Z is now getting in on the action. Look no further than Depop. It’s a shopping app similar to platforms like Poshmark and ThredUP, but it’s become particularly popular among younger audiences.

Often described as a mix of eBay and Instagram, Depop is an international marketplace for fashionable secondhand items, from vintage Prada to newly trendy Old Navy sweatshirts from the early 2000s. Sellers have profile pages where they post pictures, descriptions and hashtags, while buyers can follow their favorite sellers and scroll through their posts in a feed. Like other online marketplaces, there are potentially some overhead costs for sellers and Depop takes a 10 percent cut of each sale.

The platform was originally launched in Milan in 2011, but in recent years it has grown to command a cult following, with 15 million users in 147 countries around the world. Among active users, 90 percent are under the age of 26, while an estimated one-third of all 16-to-24-year-olds in the U.K. are registered on Depop, according to one of the company’s investors.

The craze appears to be taking hold in North America as well. Depop says the number of items sold in the U.S. doubled last year, and there are now 5 million users stateside. It’s also attracted a wave of glowing coverage from publications like The Atlantic, The New York Times and The Cut.
The takeaway: Depop is far from alone in the online thrifting space, but the platform has tapped into a market of teenage tastemakers, creating a vibrant new way to buy and sell online.

Sell away on social media​

People are accustomed to buying and selling on eBay, Craigslist or Etsy, but social media platforms are now encroaching on their market.

Take Facebook, for example. The social media company announced in 2019 that it’s adding new shopping features across its family of apps. That includes new shipping and payment options for Marketplace, Facebook’s sprawling e-commerce platform where you can swap everything from furniture to cars. The move will allow Marketplace users to ship items anywhere in the continental U.S. and pay for their purchases directly through Facebook (something it previously did not facilitate). This comes after Facebook began letting users hire contractors, cleaners, plumbers and other home services through Marketplace starting in 2018.
Not surprisingly, Instagram is also beefing up its e-commerce features. Influencers, creators and online businesses can now tag products directly in posts, making it easier for their followers to buy from them. Facebook is also adding new business tools to its messaging platform WhatsApp, which will allow people to view a product catalog directly within the app when chatting with a business.

The takeaway: In its drive to facilitate our every online action, Facebook is making it easier to buy and sell a diverse array of products and services.

Consider investing in fine art and classic cars​

An ordinary person probably can’t afford to buy a vintage Ferrari, but what about investing $50 in a single share of a classic car? There’s an app for that, called Rally Rd.

Rally Rd. operates a platform where members buy and sell equity shares in classic cars for as little as $50 through a series of SEC-registered initial public offerings. The company reported in 2018 that it had 50,000 members who have combined to invest millions, with an average age of 26 among its user base. It has now expanded to offer other collectibles, from a first edition copy of Harry Potter and the Philosopher's Stone to a Honus Wagner baseball card.

The goal is to eventually sell these items to private collectors at a profit. Of course, this type of alternative investment comes with risks, and there’s no guarantee the value of these assets will appreciate. Still, investors with the right appetite should find plenty of opportunities to get in on this trend.
Another player here is Masterworks, an online platform focused on fine art. Founded in 2017, it extends shares in works from Picasso, Monet and Warhol. Then there’s Otis, an app that sells shares in contemporary art, sneakers and collectibles for as little as $25. Otis recently offered up its first piece for investment, a painting by Kehinde Wiley (who painted President Barack Obama’s presidential portrait). The company reported that more than 600 investors took part in the sale.

The takeaway: Buying shares in fine art or cars might not be for everyone, but if you’re an investor interested in alternative asset classes, online platforms like Rally Rd. could be right up your alley.

Keep up with gig economy opportunities​

The gig economy is nothing new at this point, thanks to companies like Grubhub, Fiverr and Rover. But the gig landscape continues to change, and you can still find new ways to make money from this flexible style of work.

Take Uber. The ride-sharing giant recently rolled out a new app that matches gig workers with a variety of different temporary jobs. The project, called Uber Works, launched initially in Chicago in October 2019. The company has partnered with different businesses in Chicago to offer gigs doing everything from assembly-line work to bartending.

But Uber Works is far from the only new gig economy opportunity. For example, the recently launched app Drum promises businesses access to a network of salespeople on demand. And for restaurant workers, there’s Pared, which connects roving chefs, servers, dishwashers and line cooks to shifts. Then there’s Steady, an app launched in 2017 that’s intended to make finding gig work easier, while providing tools to track your income.

The takeaway: New opportunities continue to arise in the gig economy, allowing more people with different skills to earn money online.
 

btaliat

VIP Contributor
This is just an affiliate marketing to me. And the website you talked about may be the next to best thing according to you when it comes to affiliating with them. All these are what you didn't capture in your article, you only told us what they can do, you didn't talk about what we can benefit as commission.
 

Sotherefore

VIP Contributor
Nice business idea ,over here the best way you can engage into this type of business is to import this product from China and sell it in your country online or offline for a profit, a lot of people are also selling these products in some shopping website here like jumia and make profit but I don't know how profitable it is.
 

btaliat

VIP Contributor
People are using social media to generate money these days. There are different ways by which these can be done. Among is trying to be influencers online. A person that wants to be this must learn how to drive people to his social media handles and know how to use them.
 

Chibson

VIP Contributor
Making money online has become very popular at the lot of people have ventured into it. The main problem is that not everyone is making money online but if you that thinks outside the box. selling sneakerhead can be very lucrative provided you have the right audience and the right traffic at the right time.
 
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