How to Make Money

Let’s assume that someone gave you $5M to invest in technology start-ups. Pretend for a moment that you’re an Angel investor or a venture capitalist with checks to attract passionate entrepreneurs. How should you spend the money?

There are five technology clusters that should attract your cash. The 5 clusters clamoring for money in 2017 and beyond appear below. Note the $’s: the more the better.

  • Intelligent Systems Technology ($$$$$)
  • Interaction Technology ($$$$)
  • Small Software Technology ($$$)
  • Sensor Analytics Technology ($$$)
  • Cyber Security Technology ($$$)

Intelligent Systems Technology

Artificial intelligence (AI) is now embedded in a wide array of software applications, infrastructures, business rules, processes and even whole business models. IBM’s Watson is the face of popular “AI,” but intelligent systems technology encompasses so much more including deductive and inductive inference, deep learning, machine learning and the tools and techniques used to represent and process data, information and knowledge (such as neural network modeling) as well as the applications of the technology to a host of problems such as conversational speech, language translation, predictive analytics, diagnostics, autonomous vehicles, network management, weapons systems and augmented and virtual reality, among so many other applications that will affect us all.

The development, embedding and application of intelligent systems technology is accelerating and will continue to do so through 2017 and well beyond: place some bets here.

Interaction Technology

The way we interact with all things digital – and physical – is changing. We see and experience content virtually and through augmented reality. We use wearables to track ourselves, our heath, our friends, our transactions and just about everything else we do, see and hear. We allow location-based services to follow us around and we buy just about everything with applications on mobile devices. We converse with knowledge bases with relatively crude tools like Siri and Alexa, but within a few years we’ll be having “meaningful” conversations with increasingly intelligent assistants and – eventually – managers. In addition to voice interaction, we’re well on the way to gesture and other controls that mimic the way we interact with humans. Most of this is offered – not created – by users, but companies will avail themselves of the emerging and disruptive interaction technology that can improve productivity and cost-effectiveness. The interaction cluster is another excellent investment opportunity.

Small Software Technology

Small software delivered from the cloud is a major technology cluster. The age of monster software applications – like huge multi-module enterprise resource planning (ERP) applications – is over. Software is decoupling and shrinking. Even software that (stubbornly) hasn’t decoupled (yet) is offered in pieces from the cloud to clients who can select the modules they need – and ignore the ones they don’t. For those who want newer, smaller, cheaper packages, there are software vendors like Zoho and Zendesk who have reduced functionality to its most diagnostic properties. The small software technology cluster will grow until software becomes Lego-like that can be assembled and disassembled at will. As the open source API world expands, small software technology will grow. The key trend here is the under-reliance on large integrated software applications and the adoption of smaller, more focused applications accessible on every screen (and from every voice) we have. Investors can cash in on this trend (and make some additional money by shorting some of the software giants).

There was a time when the IT explosion made every Tom, Dick and Harry who knew anything about computers in demand. The dotcom bubble made things even more advantageous for the tech geeks who were now capable of making more money than they had ever dreamed of. But then the bubble burst and with it, many dreams came crashing down and immense amounts of money were lost. In spite of this setback, the IT field is still a relative goldmine if you want to earn a comfortable living, and besides finding a well paying job at a multinational software company, here’s how you can make money when you’ve graduated with a degree in information technology:

make money road sign

Freelance :If you’re really good at what you do and/or if you have a few years of experience under your belt, you could make money by freelancing and offering your services to people who need IT services. Most online job forums and sites hook you up to potential clients, and if you can prove your expertise and establish a reputation as an efficient and effective freelancer, you could even quit your regular job. Be careful though if you’re moonlighting while holding on to your job, because most employers may not take too well to the idea.

Teach :If you’re good at what you do and comfortable working with others, you could pass on your expertise and knowledge in this field to others who are interested in learning. You could choose to work in a regular school or college as a teacher or set up your own gig where you conduct classes and workshops to train professionals in a specialized IT field. This option too requires a lot of experience and confidence in what you do.

Design
 :With all the new gadgets and applications that are now gaining in popularity, you could make money if you’re a tech geek who knows how to design apps for the iPhone, Facebook or any of the hundreds of gizmos and social networks that we now use regularly. If your app becomes popular, there’s no limit to the amount you can make.

No matter how you choose to earn money in the IT field, it’s important to:

Keep updating your skills: When you don’t continue to learn and keep your IT skills updated, you’re going to lag behind your colleagues and the competition because this is one field that is constantly undergoing change. We’re being bombarded with newer applications and gadgets with each of them using new technology, so unless you stay ahead on the learning curve, you’re going to be left behind and find yourself redundant and obsolete.

Learn to work with a team: Most IT projects are team efforts, with each member’s role being defined and all members working together to achieve the end result. So unless you’re a freelancer who prefers to work on individual (but small) projects, you need to be able to cooperate and be able to get along with members of a team.

Get involved in the ecosystem

There are many ways you can make money

  1. Build your own blockchain
  2. Build something useful on top of someone else’s blockchain and sell it as a service
  3. Help someone who is building a blockchain or blockchain application to find customer or sell their blockchain technology
  4. Invest in a business doing the above
  5. Learn more about blockchain technology and teach / run courses or webinars about blockchain
  6. Look for problems or businesses that have an urgent or important problem that could use a blockchain type solution and build a business case
  7. Get involved in an event – like a hackathon, conferences or workshop – in related industries like fintech, cryptocurrency etc
  8. Volunteer or get experience working for various blockchain companies
  9. Download, install or register for a blockchain app and play around with it, see if there’s anything you could do with it
  10. Go online and explore blockchain forums, discussion groups or communities and see what opportunities may be available or advertised and speak with those groups / companies
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Here are a few startups that might inspire you:

One of the largest US online retailers, Overstock decided to focus on building the crypto-capitalism future. In summer 2016, the company unveiled their new blockchain-based private and public equities trading platform , which allows instant and secure share trading online.

Unlike Nasdaq stock exchange company, which has experimented with blockchain-powered trading as well in partnership with Chain founders initially confirmed that their company does not plan to use bitcoin blockchain for issuing stocks.

Openbazaar startup has embarked on a new mission to introduce a fee-free online marketplace similar to eBay, which is powered by blockchain.

They promote an active exchange of goods and services between two parties without relying on a risky centralized authority and hence, enabling more people to start their e-commerce business without paying for additional e-commerce tools.

A number of blockchain startups have emerged to cater P2P micro-payments. Sentbe offers a 60% less expensive service for sending money abroad and offers cash pickup locations as an alternative to card/bank transfers – a good selling point for attracting the unbanked population to their service.

Abra is a similar app aimed at US-consumers, which also allows conducting free P2P money transfers and receiving payouts either to your bank account or in cash by using only a person’s phone number.

If you are interested in this topic you might also like to read this article – Applications of Blockchain Technology in Fintech

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IF YOU READ FULLY THEN YOU’LL UNDERSTAND CLEAR CONCEPT OF THE BLOCK CHAIN TECHNOLOGY IN INDIA

Let’s think of it this way and keep it very simple:

There are 100 Zoozs out there.

Each one is worth $1.

There are 100 network participants. 50 drivers and 50 riders.

Each ride costs 1 Zooz.

As word gets around that La’Zooz is cheaper than Uber, more people want Zoozs. So they trade their dollars or Bitcoins for Zoozs, which increases the price of a Zooz to $2. So now everyone who has a Zooz has $2 worth of value instead of $1.

The purchasing power has doubled, so you can afford 2 rides for 1 Zooz instead of 1. So you sell half a Zooz to someone who needs one and keep the other one for buying rides.

The drivers who were charging 1 Zooz now see the value of the ride they gave in the past go from $1 to $2 (retroactively) and are more inclined to accept Zoozs because they expect more people to join the network. In effect, by taking these tokens, you are getting value today AND getting value in the future.

Instead of Uber capturing the value that accrues, the owners of the network (the token holders) capture the value. Whoa!

This is what will happen in all kinds of networks: identity networks, reputation networks, social networks (why should Facebook get all the value that you create by posting? You should), and many more.

This is precisely what has happened with Bitcoin over the past nine years.

Block chain technology

1)The blockchain is a digital technology for recording and verifying transactions. It is a key concept behind innovations related to cryptocurrencies in general, and OneCoin in particular.The blockchain was first introduced as an alternative mechanism for the trust between two parties that make transactions that differentiated it from the way traditional institutions like banks or escrow agents processed payments.

2)Most recently the blockchain is considered a powerful tool that can provide new products and services, and improve traditional ones. The number of financial institutions and firms across industries that are using the distributed ledger technology as a secure and transparent way to digitally track the ownership of assets is constantly increasing. This is a move that helps companies to speed up transactions and cut cross border remittances while lowering the risk of fraud.

3)The language may be technical but the concept is simple. Proof-of-work is what safeguards the blockchain. Nakamoto says that PROOF OF WORK is used to implement a peer-to-peer distributed timestamp network (mentioned above). The process scans for a value that when hashed, results in a certain numerical expression. The timestamp network must reconcile this value with a block’s hash. CPU power is needed to satisfy the proof-of-work, and the block cannot be changed without redoing the work. Later blocks are chained after it, and to change the block would require redoing all the blocks after it.

4) Today this technology is finding uses in many other industries apart from cryptocurrencies. Blockchain is called the trust protocol and has application in all the areas where markets are inefficient with very low trust. The data is difficult to hack as it is distributed across computers. The technology is expected to change the way education, government and corporates work.

MOST IMPORTANTLY THE VALUE OF BITCOINS IS INCREASING DAY BY DAY AND YEAR BY YEAR ENORMOUSLY ESPECIALLY IN OUR COUNTRY NOW COST OF 1 BITCOIN=MORE THAN 11 LACK’S BUT BEFORE IN 2013 IT’S COST NOT MORE THAN A LACK VERY LESS PEOPLE WHO PURCHASED THIS AT THAT TIME WILL BE GREATLY BENEFITED FROM IT AND NOT ONLY THAT APART FROM BITCOINS THERE ARE ALSO OTHERS CRYPTO COINS SIMILAR TO BIT COIN APPROXIMATELY MORE THAN 800 COINS ARE TRADING DAILY ?

The days when mining and trading bitcoin were easy are long gone. The best way of making money with blockchain is learning everything about the topic you can find. There’s a growing need for knowledge, programmers, education etc on the topic. The more you know about it and are able to use blockchain technology the more people will need you in the near future.Every time I think about making money online, I remember those attractive banners I’ve seen on numerous websites, often quoting international media houses like MSNBC, some times CNN and the like.

A lot of my friends usually fall for such, and attempt to sit at home and make thousands of dollars per month – by doing nothing. Because the Internet is such an open platform, to a very large extent, no one controls what gets posted there. As long as someone can afford a few tens of American dollars per year, then they’ll be able to buy a domain such as http://msnbc.single-mom-kampala.com. They go ahead and show logos of the reputable media houses like those mentioned above, and voila! They’ve multitudes fooled. But in this article, we’ll show you real ways to make money. Online.

  1. Start a website or a blog and earn revenue through advertising networks like Google AdSense and BuySellAds. You can even sell your own ads directly through Google DFP.
  2. Launch a curated email newsletter using MailChimp and find sponsors or use a subscription model where people pay a fee to receive your newsletter.  HackerNewletterNow I Know and Launch.co are good examples.
  3. Create your own YouTube channel and become a YouTube partner to monetize your videos. You may use Oneload to distribute the same video to multiple video sites.
  4. Make something creative – like handbags, jewelry, paintings, craft items – and sell them on EtsyArtFire or eBay.
  5. Build your own online store with Shopify or SquareSpace and sell both physical goods and digital downloads. Sell everything from furniture to clothes to food.
  6. Create t-shirt designs and put them on ThreadlessZazzle and CafePress.
  7. Write a book and publish it on the Kindle store, Google Play and iBooks. You can also sell your ebook to other retailers through services like Smashwoodsand BookBaby.
  8. Become an instructor at Udemy and SkillShare and get paid for teaching your favorite subjects – from guitar to literature to yoga to foreign languages – to a worldwide audience.
  9. Learn coding and hunt for freelance software development projects at Guru,eLance or Rent-a-Coder (now Freelancer.com).
  10. Become a virtual office assistant and offer administrative or technical assistance to clients remotely from your home office. Head over to eLanceTaskRabbit andoDesk for finding work.
  11. Offer one-on-one help to anyone worldwide over live video using Google Helpouts. You can do live cooking classes, teach maths or even offer fitness and nutrition tips.
  12. Write scripts, browser extensions, plugins or mobile apps for iOS and Android and sell the source code of your software on CodeCanyonChupa or BinPress.
  13. People are outsourcing petty computer jobs – like data entry work, transcribing text from business cards or performing web research – and you find these jobs atMechanical Turk, an Amazon service.
  14. Creative professionals can scan marketplaces like CrowdSpring99Designs andDesignCrowd for projects involving logo design, web design, brochures and other marketing material.
  15. Do you have a good voice? Sign-up as an audio narrator at Umano or become a voice over artist at VoiceBunny and Voice123.
  16. Record your own music and sell it on music stores like Amazon MP3, iTunes, Pandora or Spotify through DistroKidTunecoreloudr.fm and CDBaby. You can also sell your audio files directly on marketplaces like AudioJunglePond5 andBandcamp.
  17. Become an affiliate for Amazon and various online stores and earn a commission on sales. You can use programs like VigilinkShareASaleCJ or LinkShare to know about the various vendors that offer affiliate programs.
  18. Educators and teachers can help students with homework or offer on-demand teaching class over the Internet. Apply to become an online tutor at Tutor.com,InstaEdu and TutorVista.
  19. Got an empty room in your apartment? You can list the property on Airbnb, host people and make some money. The other alternative is Couchsurfing but the service forbids from charging guests.
  20. Sell photographs that you have taken on Creative MarketPhotoDuneiStockPhotoor ImgEmbed. The latter lets you easily license photos you have uploaded on Facebook, Flickr or Instagram for online use.
  21. Sell the stuff you no longer use – like old books, children’s toys, gadgets, DVDs, furniture, etc. – on sites like eBay, Craigslist or, if you are in India, OLX.
  22. Apply to become a website tester at UserTesting and get paid to review and test websites from the usability perspective.
  23. If friend’s look at you for tech support, there’s no reason why you can’t offer similar services on the Internet. Get Skype (for calling) and Chrome Remote Desktop (for screen sharing) and you are all set to offer remote tech help from anywhere.
  24. Create an account at Fiverr and PeoplePerHour and offer a wide range of services from translation to graphic design to writing to SEO.
  25. You can make money by flipping websites. FlippaGoDaddy Auctions and Sedo are popular marketplaces for buying and selling registered domains whileLeanDomainSearch is a good tool for finding available domain names.

source:http://pctechmag.com/2015/04/25-legitimate-ways-to-make-money-online/

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