How To Make Millions By Playing Games On Twitch

Twitch is the go-to platform for gamers, with more than 4 million broadcasters each month and 17.5 million average daily users, all playing or watching other people play video games. It’s also the destination for gamers hoping to turn their hobby into a little extra cash and make money without a traditional job.

Some broadcasters earn seven figures per year, thanks to subscriptions, sponsorships and a share of ad revenue, among other things. Granted, they typically have tens of thousands of followers and spend hours each day broadcasting, gaming and hosting other games on their channel.

But you don’t need to be an elite user to cash in on the site. Here’s how to build your audience and start making money on Twitch.

Building a Twitch audience

You can’t attract an audience on any online platform overnight. It’s the same with Twitch.

“Successful channels — like companies — are built up over years, not over days or weeks,” says Jordan Slavik, an avid gamer who has advised Twitch broadcasters on building a following. “The most important thing is to keep producing materials.”

You might make a little money here and there at first, but don’t expect a steady income until you’ve put in a lot of work. Find your niche, whether it’s a game, genre or shtick — if you’re not the most skilled player, for example, be the funniest. Set a regular streaming schedule so fans know when to tune in. Use your existing social media accounts — Twitter, YouTube, Facebook, Instagram, etc. — to promote your Twitch broadcasts. And support other Twitch users by watching and engaging with their streams.

Your marketing and networking skills are almost as important as your gaming skills, Slavik says.

Once you attract viewers, interact with them. Ask questions. Crack jokes. Respond to chats. An entertaining broadcaster gets fans to tune in stream after stream.

Track all the money you make

See the ins and outs of your cash, cards and bank accounts at a glance.

How to make money as a novice

When your audience grows, so does your potential to earn money. But there are a few ways you can cash in as you’re still growing your following:

Donations

Twitch users like to support their own. One of the main ways they do this is by donating money to their favorite streamers. Add a “donate” button to your channel — via PayPal or a third-party app, such as Streamlabs — and let viewers show you the money.

Brand partnerships

Companies use Twitch streamers to get their products in front of people, and the streamers get a kickback in return. This is typically referred to as a partner or affiliate relationship (not to be confused with Twitch’s partner and affiliate programs, more on that later).

Affiliate opportunities for Twitch streamers can come from companies that sell hardware and software, energy drinks and accessories, such as headsets and chairs. Commissions vary, but for example, Razer — the hardware and software company — offers affiliates up to 20% commission on the sale of its products.

Brands don’t typically come to you unless you’re a big-time gamer. Talk with other streamers to suss out affiliate opportunities.

Merchandise

If you have a dedicated audience, consider selling your own merchandise — think t-shirts, stickers, coffee mugs and laptop cases — via a third-party site such as TeePublic or Spreadshop. Just create a storefront, stock it with items — bearing your own design or curated from other sources — and promote it on your Twitch channel.

How to make money as a Twitch Affiliate

Streamers who meet a specific set of criteria can become a Twitch Affiliate. The program is invitation-only, and you must have met the following milestones within the past 30 days to be eligible, according to Twitch:

A minimum of 500 total minutes broadcasted.

A minimum of seven different broadcast days.

An average of three concurrent viewers or more.

At least 50 followers.

Joining the program comes with additional ways to earn money on Twitch:

Subscriptions

Viewers can subscribe to your channel to unlock perks, such as exclusive chat rooms, emoticons and merchandise discounts. Monthly subscriptions start at $4.99, with $9.99 and $24.99 options available. Affiliates receive a cut of each subscription.

Virtual cheers

Another way viewers lend monetary support is via virtual cheers, called “bits.” Viewers buy bits — which come in different colors and sizes — from the chat window, according to Chase, Twitch’s former director of public relations, who goes by only his first name. The price starts at $1.40 for 100 bits. Viewers then dole them out to their favorite broadcasters, who receive a cut — 1 cent for every bit used in their chat.

Game sales

Say you’re streaming yourself playing Warframe. Viewers can purchase the game and in-game add-ons directly from your channel using a “buy now” button. This button automatically appears whenever you play games sold in the Twitch store. Affiliates receive a 5% share of purchases that originate from their channel.

How to make money as a Twitch Partner

Partner status is the top tier for Twitch earners. Unlike Twitch Affiliates, who are automatically invited to join the program, users must apply to become partners.

Twitch Partners earn money the same way as affiliates and general users, but they also receive a share of ad revenue generated from their page. Partners are also likely to get endorsement deals and brand sponsorships.

How To Make Millions From Tik Tok in 2022

TikTok can get you wondering: Where did the last hour go as you scrolled through micro-videos of choreographed dance challenges, baffling illusions, makeup tutorials, giggling babies,  practical jokes and who knows what else?

Also, how do TikTokers make money? And is this a venture you’d want to pursue — going from viewer to creator? Here’s what you need to know:

3 ways people make money on TikTok

1. They market their business and attract new clients

2. They score sponsorships

3. They tap TikTok’s ‘Creator Fund’ 

1. They market their business and attract new clients

Say you already have hobbies that make money. Perhaps you sell stuff online, or consult with clients for a fee, or make money on YouTube. Your TikTok content may attract more buyers, clients or viewers.

“It’s an incredible way to drive traffic to other channels — to your website, to your email list or to your YouTube channel,” says Keira Jones (@thekeirajones), a Phoenix-based TikToker who also manages and advises brands on the platform.

This is exactly how Orlando-based TikToker Connie Rietdyk (@connie.rietdyk) makes most of her cash.

She worked as a consultant on website design and search engine optimization as a side hustle for several years, but the income was “nothing to write home about,” she says, “just enough to cover an extra bill.”

She earned most of her money working at a call center until that contract ended in May 2021. With no other job lined up and unemployment benefits delayed, Rietdyk started leveraging TikTok, which she'd previously used only to view and post personal content.

In Rietdyk’s TikTok posts, she started giving small-business tips on website design and SEO. Starting with about 200 followers last May, she now has more than 11,000 — and several followers have become paying clients.

In September 2021, Rietdyk estimated that 80% of her income was coming from TikTok referrals; she'd earned nearly $11,000 since May and more than $4,600 in July alone. She found it to be enough to cover all her bills and stash away some savings on top.

“My goal is full-time, independent entrepreneurship,” she says. “I feel like I’m on the cusp of it.”

2. They score sponsorships

Let’s say most of your TikTok posts are about one particular subject, like caring for dogs. There may be dog food brands and leash manufacturers who want to tap into your pup-loving audience. Those companies may request your help.

The process could work in a few ways. Maybe the company sends you a free product, like a dog toy, and asks you to mention it in one of your TikTok videos. Or maybe you agree to plug the toy, but only if the company also throws in some cash.

Or maybe you really get down to business. You formalize a contract with the company for a certain number of posts about the toy in exchange for an agreed-upon amount of money. You could also reach out to companies yourself and pitch an agreement like this, particularly if you’re already using and mentioning their products.

Sponsorships like this are how Jones makes most of her money on her personal TikTok account, where she shares marketing tips. “Brands that are marketing tools are reaching out to me,” she says, “because I’m either already organically talking about their product, or they know that my audience would be interested.”

Brands started reaching out to Jones when she hit around 15,000 followers. When it comes to sponsorship opportunities, the number of followers you have may be as important as having a specific angle, such as dog care or online marketing. (More on finding your niche later.)

As Jones puts it: “The more niched down you are, the more likely it is you’ll be reached out to.” By contrast, she says, a general lifestyle influencer is probably less likely to score sponsorships. Those influencers’ audiences may have broad, hard-to-define interests, making them less appealing to sponsors.

Note that branded content must be disclosed in some way, typically through a hashtag in the description, such as #ad or #sponsored.

3. They tap TikTok’s ‘Creator Fund’

This resource is “basically a pool of money that TikTok distributes between everyone in the Creator Fund,” Jones says.

You can apply for this fund if you have at least 10,000 followers, received at least 100,000 video views in the last 30 days, and have met a few other qualifications such as being 18 or older.

How much money can you expect to make? The answer is a little hazy. TikTok’s Creator Fund page states the following: “A number of factors influence how funds are calculated for videos under the program. These elements include video views, video engagement, as well as ensuring the videos adhere to the Community Guidelines and Terms of Service.”

Unless you’re really hustling and pumping out successful content, this fund probably won’t be your main source of income, Jones says. She earns just a few dollars or cents per day through the Creator Fund — coffee money, she says. But even though the earnings aren’t much, she says, it’s “fun to see that your effort is being rewarded in a way.”

Tips for making money on TikTok

If you think you could capitalize on TikTok’s growing popularity, now is the time to try. “TikTok is the future,” Jones says. “A lot of people, in two to three years, are going to be looking back like ‘man, I wish I would have gotten started sooner.’”

However, if you plan to make money on TikTok, consider the following advice.

Find your niche

Making money on TikTok will likely be easier if you stick to a niche, rather than posting a broad array of content. So start by “determining the niche you want to grow in,” Jones says.

If you plan to use TikTok to support another gig, let that industry guide you. Or if you’re aiming for sponsorships, consider the audience you want to attract.

Research that niche and engage with its community. Search on TikTok for videos and accounts about the subject, Rietdyk says, then “like” and comment on that content.

By engaging, “you’re training TikTok to show you the kind of content that interests you,” she says. The platform will start serving you similar content. Then, when you start posting, TikTok will likely show your content to a relevant audience.

For example, say you create jewelry, and you want to use TikTok to send viewers to your Etsy page. Maybe in the future, you’d also be open to posting sponsored content.

Search for and follow TikTokers who are interested in jewelry and engage with their posts. TikTok will likely feed you more of the same content from similar TikTokers. Then, when you start posting, your content likely will be seen by the exact audience you want: people who like jewelry.

Rietdyk stresses the importance of engaging with others, building a community and posting relevant content before trying to sell your stuff. (So maybe you post how-to videos or advice first.)

“You don’t want to promote to a cold audience,” she says. “Give a lot of value for free before you even start asking for anybody’s money.”

Be authentic

To that same point, try to be yourself. “Don’t be fake,” Rietdyk says, adding that “TikTokers can tell if you’re doing something just for a ‘like.’”

As for sponsored content, only promote products “you genuinely use and love,” Jones says. She says she turns down partnerships for products that don’t check those boxes.

Jones adds that if you promote too many products, “your audience will get annoyed and feel like they’re being used.”

Have fun

“If your only intent for starting TikTok is to make money, then you’re probably not going to succeed,” Jones says.

Like with any social media presence, she says, serving your audience should be your No. 1 priority. “That’s when people will be attracted and want to follow you,” she says.

Rietdyk adds that it’s important to “keep it positive.” She recommends setting small, achievable goals — a certain number of sales or amount of income, for example. Then, she adds, “celebrate the wins.”

Other ways to earn money

If making money on TikTok isn’t for you, consider these alternative routes:

Want to try another video platform? Try to make money on YouTube.

If you’re a gamer, look into how to get paid on Twitch.

Looking to clean house? Try to sell stuff online or make money on eBay.

If you’re writing anyway, consider how to make money blogging.

8 Great Ways to Make Millions From Home

As the normalization of remote work continues, you can take advantage of a range of ways to make money from home. From selling items online to starting a podcast to offering your services as a virtual assistant, there are lots of opportunities to earn an income without leaving the house.

If you’re seeking a more traditional job format but still want to work from home, you’re in luck. Remote job postings—which doubled for some online recruitment sites during the pandemic—continue to rise. Regarding the remote positions available, tech jobs are among the most prevalent, but work-from-home opportunities have also risen in therapy, finance, and law.1


Where to begin when searching for remote work? “I’d encourage the job seeker to start by reflecting on their interests and career goals,” Indeed Senior Career Coach Jamie Birt told The Balance in an email.


Next, Birt recommended taking into account the jobs that are commonly performed remotely, such as copywriting, graphic design, and software development. Adding the term “remote” in job search engines can give you an idea of what’s available.


Last, bridge your career goals with the remote jobs that are available, Birt advised. When you find remote positions you like, take note of your current skill set to identify translatable skills, as well as any gaps where you’d need additional training or upskilling.


We’ll discuss eight remote moneymaking opportunities that can help make working from home a reality.

Sell Your Used and Unwanted Items

Clearing out and tidying up your home will likely leave you with piles of things you no longer need or use. You can bring in some extra cash by selling items online that are in good condition.

There are lots of virtual marketplaces where shoppers can go to find a variety of things. eBay is a popular place to sell just about any used item online. Other sites may be more specialized, such as thredUP, which is clothes-specific, or Decluttr, which focuses on cellphones, tech, CDs, DVDs, games, and books.

If you prefer to keep your sales local, you could check out sites like Craigslist, or keep things offline by having a garage sale or taking your items to a consignment store.

When listing items for sale online, you’ll want to include good photos and an accurate, detailed description.

Start a Podcast

“Podcasting is replacing blogging as the moneymaker for a lot of people working from home,” Joseph Hogue, who runs the site My Work From Home Money, told The Balance in an email. He added that advertising dollars are shifting from text-based to podcast sponsorships.


While it can take some time to grow an audience for your podcast, there are several ways to make money podcasting, including selling advertising time, adding affiliate marketing links, offering subscriptions, throwing live events, crowdfunding, selling merchandise, doing speaking gigs, or coaching others on how to host a podcast.


Make Money on YouTube

Momentum has been picking up in video monetization, said Hogue from My Work From Home Money. He suspects that vlogging will take over from podcasting once high-speed internet is universal.


Popular ways to make money on YouTube are monetizing ad views, running paid promotions, and being part of the YouTube Partner Program, among other opportunities.

 

Affiliate Marketing

If you have an audience through a website, social media, or other platforms, you can generate some extra income by including affiliate links. Affiliate marketing is when you earn a commission on the sale of someone else’s products. A common way is to have a link to another company’s website or product in your own content—if a reader clicks on your link and buys the product, you get a cut of the sale.

The Amazon Associates Program is a well-known affiliate network; you can find other affiliate marketing opportunities on platforms like CJ Affiliate, Rakuten LinkShare, ShareASale, and many more.

Familiarize yourself with the Federal Trade Commission’s (FTC) Endorsement Guides before starting with affiliate marketing. You’re required to disclose when you have a financial interest in a product or service mentioned on your site, along with other obligations.
Become a Virtual Assistant

As the workforce transitions to remote work, the demand for virtual assistants is expected to continue to increase. Virtual assistants, or VAs, work remotely to help with administrative tasks—they can work for individuals, teams, or companies. The workload of an administrative assistant usually involves tasks such as answering phone calls and taking messages, running social media accounts, scheduling appointments, and doing research, among other duties.

When starting a VA business, it can be challenging to land your first customer. VAs can find clients through social media channels like LinkedIn or Facebook groups, at virtual or in-person networking events, by word of mouth, or on freelancing platforms like Upwork.


Sell Your Photos Online

Make money online from home by selling your photography, video clips, vectors, and illustrations. Upload your content for individuals and companies to buy for use on their websites, platforms, or other needs. Try listing your work on sites like iStock, Dreamstime, and Adobe Stock.


Offer Your Expertise

If you’re an expert in something, consider creating resources to teach other people. Once you’ve made the initial effort of putting together the content, it can act as a passive income stream.


Online courses, webinars, and ebooks are all common ways to share information. You can build and promote the resources on your own or use educational platforms that already have established communities, such as Udemy or Skillshare.


Pick Up Freelance Work

Platforms such as Fiverr, Freelancer, and Upwork are popular online marketplaces that connect freelancers and clients. You can list your services on these sites and check out the opportunities available. You can do freelance work in several different fields—for example, writing and editing, marketing, graphics and design, programming, and translation.

Many remote moneymaking ventures can be started with little or no money, said Hogue from My Work From Home Money. You don’t have to spend hundreds for an online course or mentorship; you can find the information you need for free online or at a low cost through an ebook.

The Bottom Line

Growing your venture takes time, and you’ll likely need to put several different income streams together. Find ways to incorporate different moneymaking aspects into one business model. For example, you may be focused primarily on making money through blogging, but you also bring in funds with affiliate marketing and an online course you created that teaches others how to build their own YouTube channel.

There are lots of opportunities to make money from home; don’t be afraid to try out different options to determine the best fit for you.

7 Ways to Up Your Income Online

More and more people are looking for ways to earn money online. Some are turning to side hustles to make a little extra money, while others are creating internet businesses that become their full-time job.

Let's take a look at seven ways to make money online that can take up a little or a lot of your time. Think of these options as supplemental sources of income, most of which have the potential to be a whole lot more.

Affiliate Marketing


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Affiliate marketing can be a low-cost and relatively easy way to make money online. You don't need to have any of your own products or services to sell; affiliate marketing gives you a chance to earn commissions from large companies.

You promote the products or services of a company on your website/blog or social media account, providing links to the company's offerings. These affiliate tracking links ensure you get the credit for having delivered a paying customer to the company's website, and you get a percentage of the sale as your reward.

The main work involved in affiliate marketing is giving people a reason to visit your website/blog—or Instagram, Facebook, Twitter, or other social media account—and building up a large group of visitors and followers. To do that, you should provide content that is likely to attract people who are interested in purchasing the thing you're trying to get people to buy. For example, you might write and make videos about consumer electronics products—how to use them and/or which ones are the best—in a way that's optimized for search engines.


Start Your Own E-Commerce Website


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A related way to make money online—but that perhaps requires a bit more work on your part—is with an e-commerce website. You would sell products from your website, either your own that you create or commercially available ones.

If you choose the latter route, the most common and hassle-free way to fulfill orders is via dropshipping. You get the customers and take their orders, but a third-party company warehouses and ships the products for you.

It's better to focus on one product category that you can create your own niche in and devote your website to.

If you make your own products, you might want to start out selling them on both an established platform, like Etsy, and your own site. After you build up a base of customers, you could ultimately cut out that middleman.

You can further monetize your e-commerce website by hosting ads, such as with Google AdSense.


Online Publishing


John Lamb / Getty Images

Regardless of your current occupation, publishing nonfiction e-books is a good way to help establish yourself as an authority in your field while making passive income. Once you've written and published the book, you don't have to actively do anything to take in revenue from it.

Alternatively, if you've written a novel that needs to be read—especially in a popular genre like romance, science fiction, fantasy, or mystery—publishing it as an e-book has the potential to get thousands of eyes on it.


The two biggest companies that enable you to self-publish e-books are IngramSpark and Kindle Direct Publishing.

You can sell e-books on platforms like Amazon.com. If you can make a name for yourself as an author, you can begin selling e-books directly from your own website and increase your profits.


If you've been blogging for a long time about a certain topic, you should be able to edit and package your existing posts into a book without too much additional work.

Consumers of self-published e-books expect a quality experience that's on par with the offerings of a traditional publisher. If you don't have all the skills to ensure a polished final product, you might consider hiring a copy editor to fine-tune your writing and a designer to create an enticing cover. And if you're having trouble transforming your ideas into paragraphs and chapters of prose, you could hire a developmental editor to help you with that beginning part of the process.


Take Online Surveys


Getty Images / Peter Dazeley

Taking online surveys is an easy way to earn a little extra cash or prizes such as gift cards. Market research firms (MRFs) are behind many online survey sites, including American Consumer Opinion, which is owned by Decision Analyst. You can also sign up to take surveys using aggregators like IdeaShifters or Swagbucks, which partner with many different corporations and MRFs.

You shouldn't expect to make more than a dollar or so per survey. And you will most likely have to provide a good deal of information about yourself before you can take the first one.

When looking for survey-taking opportunities, stick with companies that have a proven track record of paying for survey responses and that are not scams designed to get your personal info. You should also keep in mind that you may not be eligible to take certain surveys because you don't match the demographics the company is looking for. You may be too old or too young, for example.


Online Freelancing


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If you have a specific skill-based service you can carry out remotely, such as IT services, copyediting, or graphic design, you can offer it as an online freelancer. If you can find and accept enough gigs, you could become a full-time freelancer in your field. Or you could take on occasional assignments to supplement the income from your main job.

You can find gigs using freelance-specific websites such as Freelancer and Upwork, as well as big job sites like Indeed. You should also consider joining an organization specifically for freelancers in your area of specialty. Such groups often let you post online information about yourself and the specific skills you can provide, and they may send out email alerts or have a jobs board with contact information for those seeking freelance help.

A freelancer's organization can also provide a social outlet, connecting you with people who do the same work you do and are interested in the same things as you.

A site like Meetup may be a good place to begin finding others who share your interests and skillsets.

Coach Online


Julius / Getty Images

Life coaching is another promising online career option, particularly if you have solid communication skills and a desire to help others succeed in their personal or professional life. Many people need a nudge to get them past a mental roadblock that's standing in the way of personal happiness or career confidence. As an online coach, you can offer advice to help them change their mindset and improve their lives.

Life coaches should not attempt to take the place of trained mental health professionals. Coaches deal with matters like personal growth and achieving goals, not overcoming mental illness.

One of the hardest things about becoming a life coach is finding a client base. When you're just starting out, you might try advertising online and offering to speak to community groups.

Having a professional certification can make you a more credible choice when someone is seeking a coach. And offering the testimonials of previous clients on your website also makes you a more attractive candidate.


Offer Online Courses


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Like e-books, online courses generate passive income after you've created them and made them available online. If you have a knack for teaching and a set of skills you would like to share with others, consider creating online courses as a way of making additional money.

The primary website where you could post your courses—and get paid for them—is Udemy. But as with the other online businesses, if you can establish a reputation, you might have success offering your courses through your own site.

In addition to knowledge in a particular subject area, you will need to have an engaging presence in your videos. If you can't retain potential students' attention, they won't come back for more classes.

The Bottom Line

There's a lot of competition online for many of these money-making opportunities—especially with more and more people unable or unwilling to work in a traditional setting. According to Stanford University economist Nicholas Bloom, 42% of U.S. employees were working from home full-time as of June 2020.1

To make a go of most of these possibilities, you will have to stand out from the crowd and convince prospective clients and customers that you're the right person to buy from or hire. Becoming successful at any online occupation requires exceptional online marketing skills. If you can learn how to successfully sell yourself and gain followers and search engine hits, your business's success should follow.

How You Can Make Millions By Podcasting

New podcasters always ask the same question before they take the plunge: “How much money can podcasters make?” They want to know what the reward will be before they invest their time and energy growing a podcast audience.

So how much money can podcasters make? To be frank, most make $0. In fact, many podcasts have negative cash flow because they spend money buying equipment and paying hosting fees before they earn a single dollar.

Creative work like podcasting doesn’t make any money until people choose to watch you. It takes time for listeners to decide you have value. So if you’re looking to start a podcast because you need a paycheck this week, you should find another way to earn income.

But if you put in the work to make amazing content, publish new episodes consistently, and engage your audience, you’ll eventually build a show that rakes in money each episode. There are lots of people who make very comfortable livings working just working on their podcasts a few hours each day.

In this article, we’ll explain how podcasts make money, we’ll review how the highest earning podcasters earn their incomes, and then we’ll talk about what the average podcaster makes.

Just want the highlights? Check out this quick video for the best takeaways.

How Do Podcasts Make Money? 

There are actually a lot of ways to monetize a podcast. The most successful podcasts use several monetization strategies so there’s money coming in from a lot of different places.

Why should you diversify your revenue? 

For safety. Imagine if all your revenue comes from publishing your podcast on YouTube, but then one day YouTube bans your channel. You would lose everything! So it’s best to create multiple revenue streams.

We dive into all the ways your podcast can make money in our article on podcast monetization, but here we’ll go over the top four methods: Sponsorships, direct support including premium content, affiliate sales, and complementary products.

How To Earn Millions From Amazon Every Month?

Whether it’s about adding an income source or the only income source post the Covid-19 pandemic, one of the best ways to earn money online these days is to make money with Amazon. Given that Amazon is the top e-commerce retailer in the USA recording a net sales figure of around 386 billion dollars in 2020, it’s a golden opportunity for those who want to become an eCommerce seller and earn money from Amazon. This post highlights how to earn money from Amazon by selling and even without selling:

Register for Amazon FBA

Once you enroll with FBA or Fulfilment by Amazon, it’s Amazon’s responsibility for the warehousing (storage, picking, packing), shipping, returns, or refunds of your products. However, to start selling with FBA you must find a product (e.g., from Alibaba), make improvements, and label it with your private brand. Sign up for Amazon seller central and submit your product information. Ship your products to Amazon and their fulfillment center shall take care of the distribution. As customers buy your product from Amazon, the delivery will be fulfilled by Amazon.

Leverage Retail Arbitrage

If you are a complete novice in this category, the best way to start earning money from Amazon would be to make use of retail arbitrage and save on the outraging shipping costs. As heavy as the name may sound, it’s a simple process where you simply buy stocks (look for discounted products) from a local retailer and sell them on Amazon with your mark-up for a profit.

Use Online Arbitrage

Same as in the case of retail arbitrage, you purchase inventory straight from the online stores or from a site like eBay for cheap, and list them on Amazon and make profits.

Publish Books Using Kindle

Those with writing skills can kick off their book publishing dreams using the Amazon Kindle Direct Publishing service. KDP is a great way to publish digital books within 24 to 48 hours and that’s available on Kindle worldwide. In return, you get the freedom to set your prices, earn royalties up to 70 percent on sales, modify content, and more.

Sell Bulk Products

Amazon Business is a B2B marketplace that allows you to sell products wholesale. It’s a blessing in disguise for business customers as they benefit from special prices while they shop from Amazon. With over 55 fortune 100 companies listed with Amazon and exclusive business features like requests for quotes or the option to showcase your certifications is what makes it is a great way to start as a wholesaler.

Sell Handcrafted Goods

Those with a penchant for craft can join the seller list from over 80 countries with Amazon Handmade. Given there’s a high demand for these goods, it makes a great platform for selling your handmade products at a good margin.

Sell Through Affiliate Marketing

Selling through affiliate marketing is hands down one of the most popular and proven methods to date. Simply sign up with Amazon Associates and start promoting other people's products on Amazon using the affiliate links they provide. However, you must have a website or a blog where you must create a sales copy for that product, for example, if you have signed up for promoting a mobile phone, you may create a product review content with a link (affiliate link) to that product. You can then earn anywhere between 3 to 5 percent of the conversion rates.

Work from Home as Amazon Customer Service Rep

With around 650,000 employees across the world, Amazon is soon to become the next big employer. This is the right time to join the ever-growing Amazon customer service team and work from the comfort of your home. The customer service team is spread across 130 locations across the world and supports 16 languages.

Sell Using Merch by Amazon

If you are adept in designing coffee mugs and t-shirts, have a bunch of ideas but are short of resources, capitalize on merch by Amazon. Upload your design, pick a color and the product type, and your product page is created. It’s as simple as that. Thereon, sit back and relax as the production, shipping, and customer service is Amazon’s responsibility.

Sign up for Mechanical Turk (MTurk) Program

Mechanical Turk (MTurk) by Amazon serves a dual purpose. While the main purpose is to help individuals and businesses to outsource tasks and processes (data entry, data validation, research, etc.) to a virtual workforce, it also benefits those looking to earn through microtasks by joining the program and earn anywhere between 0.10 and 1 dollar for each task. The more tasks you complete, the more you earn.

Amazon Influencer

If you already have a substantial social following, being an Amazon Influencer can help you rake in some good money through commissions earned by promoting products on your Facebook, Twitter, or Instagram page and even through your YouTube channel.

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NFT: Everything You Need To Know About NFT

Non Fungible Tokens (NFT) 

There has been a growing interest in NFTs in the digital space, a lot of buzzes have been generated and many people are going into minting of tokens. Millions of dollars exchanged hands in the sales of NFTs.

You may get confused and wonder if the NFT trend is a fad or if people are just wasting their money and time. This article breaks down the concept of NFTs.

What is NFT?

NFT simply means Non Fungible tokens. The non-fungible part means unique and non-replaceable. No swapping like for like. They are tokens because they are digital and are protected by blockchain technology, just like cryptocurrencies.

You can sell a digital image as an NFT, the same way you would sell a physical painting. When you sell NFTS, you are the owner of the ‘original’ version, and the NFT artist continues to benefit every time the NFT is resold.

Many digital artists have sold their digital arts with this technology.

 

Because they are “non-fungible”, they are different from other blockchain tokens, such as Ethereum, which are fungible. This characteristic is why NFTS are the perfect model for dealing with digital art and other valuables in the online space.

This uniqueness is why NFTS cannot be exchanged for similar tokens that are equivalent. So, while 1 bitcoin can be swapped for 1 bitcoin, NFTs cannot be swapped because of their unique nature and also because they don’t have similar values. 

This also implies that NFTS can’t be used in business transactions as an exchange standard because none of any two NFTs is alike. The worth of each NFT depends largely on the perception of it by the world and the level of demand for it. 

What is the origin of NFT?

The earliest example of NFTs on the internet is the platform, milliondollarhomepage.com by Alex Tew from 2005. However, it was not based on a blockchain but had attributes of NFTs. The website offered different pixels totaling 1 million in number for sale. 

Then came the advent of coloured coins in the year 2012. This utilized the blockchain of bitcoin. However, it didn’t make much of an impact because the system it was based on was not built to handle substantial NFT features. In 2014, Counterparty came up to fill the gap. 

Counterparty gave the framework for Initial Coin Offerings (ICOs), memes, and trading cards to operate. At this time, Ethereum rose in popularity and things gradually shifted to its ecosystem. CryptoKitties emerged in 2017 in the Ethereum ecosystem. Using a blockchain to adopt and raise a digital cat became appealing to the world.

What is a token?

A token can be referred to as a digitalized asset that people can own and transfer to other people. The blockchain secures tokens in a cryptographic system, issuing private keys that are the property of the token owner. 

Every token has a public address that is used to identify it. The owner possesses the private keys and uses them to perform some predetermined functions. For example, money can be received at the public address of a bitcoin wallet that everyone can see but you can only use the money in the wallet using the private keys. 

All kinds of information are contained in a token including, images, music files, rights to real estate, motor vehicles, clothing, and other physical properties. 

Tokens are designed for many purposes. There are payment tokens, utility tokens, security tokens, etc. 

A token can be created on the blockchain by following established protocols. Examples include the simple Ledger protocol or Ethereum’s ERC-20, -721, or -1155 standards.

Fungible Tokens compared to Non-fungible Tokens

Tokens are classified into two major classes: 

(i). Fungible 

(ii). Non-fungible.

We refer to Fungibility as the ability of an asset or tangible item to be interchanged with an identical item. Paper money for instance is fungible because one can borrow N1000 from a friend and repay with two N500 notes. Once can also repay with another N1000 note that is not the same one that you borrowed.

The value represented by each note is what is important and not the note itself. 

Non-fungibility is a uniqueness that cannot be copied or duplicated. There can only be one Lionel Messi, for example. Your ATM card is just yours. You can’t find another card with the same name, same number, and same expiry date.

Whereas you can change a N1000 note into N200 notes in five places, your Atm card is not exchangeable because of its non-fungible quality.

What makes NFTs scarce?

The scarcity of NFT is criticized by some people as being artificially induced, however, it is understandable that a non-fungible item is very likely to be scarce. For example, it is possible for a digital painting that is tokenized to be duplicated many times over. So, while the token might be unique and single, the idea behind it can still be duplicated.

The question arises: What is the use for this? Is it not an unwise decision to own an item that is not truly yours?

A simple answer is that it depends. When you buy a token, it becomes yours but the representation of the token is what matters. 

The prices of Non-fungible tokens are going up because more people these days are spending most of their time online and in digital environments. The perception of this increased exposure should lead to an increased demand which drives prices higher.

A second reason is that digital assets can be easily transferred. So, just like one would buy gold, artworks, or real estate to store their wealth, an investor in the same vein can also buy NFTs to store his wealth, and in the future sell them to get his money back.

The demand for NFTs is increasing with their popularity owing to the fact that there is only one version of each token. However this hype is only a thing of the mind, and therefore, anyone who is investing big money on NFTs is simply speculating.

NFTs and copyright

Intellectual property is very important. By law, the original owner of any work is the creator of that work until they transfer that right to another person.

However, you must note that the copyright for a digital work might be included or might not be included in the token. So, if an artist sells an image token to you without the copyright, he or she can still duplicate the same picture several times over and still make them into tokens as well.

If the copyrights to digital art or music are sold to you as an NFT, you can earn royalties from your investment over the years and get tangible returns.

NFTs enabling real estate in the digital space

Real estates in the digital space are now lucrative. Digitally created worlds like Decentraland are putting up plots for sale. But what would anyone gain from buying digital land?

 

This again is because of thinking that there are going to be more human interactions on the internet. As the demand for land in Decentraland surges, the prices of its plots will also increase. MANA is the official currency of Decentraland, thus the need for it will increase.

This implies that just as people buy physical real estate because of speculation, hoping for a price increase, they do the same thing when buying digital real estate.

What are the benefits of NFTs?

Authenticity:  Being based on blockchain technology gives it credibility.

Ownership rights – Transactions are visible to the public and everyone can know the owner

Secure transfer of ownership: This is a result of the framework of blockchain technology.

Ownership of copyright:  You can include the copyright of the work into the blockchain.

What are the uses of NFTs?

NFTs are being deployed in various industries and sectors. The ever-expanding uses cases are felt in the following:

Digital Art: The successful reality of the creation of tokens from digital fine art, animations, etc.

Gaming:  You can find in-game fashion accessories, real estate, and other products being sold

IRO music use – Musicians can now sell their music rights using NFTS. IRO means Initial Rights Offering. 

Assets:  NFTs are sold as assets.

Sports memorabilia: NFTs are now being used by sports fans to demonstrate their support and loyalty to their various teams. 

Notable NFT projects

Cryptokitties: These are real-life cats growing on the blockchain.

MoonCatRescue: Another cat game on the blockchain.

CryptoKicks – This is patent sportswear owned by Nike.

Decentraland:  A digital world with lands owned by users.

NBA Top Shot: This gives you ownership of the best moments in basketball.

FEWOCiOUS x RTFKT sneakers: This product netted $3.1 million in 7 minutes

Beeple’s every day – At Christie’s, this raked in $69 million.

Conclusion

Non-Fungible Tokens thrive on desire, speculation, and value. NFTs are valuable as they offer many benefits. As the trend progresses, more speculators will hop in and prices will only keep going up. You can ape in today and acquire NFts that will bring immense value to your portfolio in the short and long term.