Introduction :-
In a world full of opinions and materialism a lot of people are hustling to find online earning opportunities. Online earning is a phrase that is lucrative and grabs the interest of reader from any part of the world which is why most writers play with the emotion of all newbies sitting on the other side not knowing that almost 90% of content is just for attention and attracts traffic but bears no real value. It shall be understood that not everything suits everyone and before you get attracted to self proclaimed entrepreneurs showing off on social media telling about how they made millions, one shall examine his own abilities and his personality before copying others. Anyone looking for shortcuts has fell victim to online earning scam and lose money in the process. One should know that any Line he or she choses to follow in making money online requires hard work, dedication and thought process like any other physical business so one shall not listen to any Guru talking about shortcuts but should address the work with a proper strategy because the perfect way of making money online nowadays is actually to teach people about how to make money online. I will discuss few ways how people undoubtedly made fortunes but no one discuss the other side of how to lose money online.
E-Commerce:-
Highest percentage of `people losing money online is through launching their ambitious stores online after seeing the stories of kids making millions through drop shipping or the selling on amazon trends. With platforms like shopify popularity and stocks sky-rocketed. Every other person wanted an amazon store and other platforms like eBay and etsy gaining popularity. YouTube and social platforms are loaded with gurus and tutorials, Articles and news encouraging everyone to take their chances as this is the future. No doubt E- Commerce is a potential business but one shall understand it is a business even if you are following a dropship model their are certain parameters and tick boxes that needs to be checked. Like every business E-commerce on any platforms requires resources and planning not just the platform fee. Flipping an online store is just the beginning. The real hustle starts afterwards and when you learn to build a store after a paid course you suddenly realize about supply chain, marketing, supplier, logistics. Yes that’s when people realize its not for them piling dollar by dollar millions have lost small money in terns of platform fees and courses only to get disappointed at the end so if we analyze this sum it would definitely be in billions. So before you emotionally jumpstart an online store do craft a business strategy and examine the business model you want to follow so you don’t end up wasting money.
Crypto:-
Yes I have heard all the stories of people becoming millionaire overnight and I do not question the potential of crypto currency either. But frankly I knew some in my circle that have made fortune but I everyone I know has lost a sum in crypto and I am sure that is not the case only with me. What about your circle? It s not always you lose money trading people have lost fortune transferring sums wrongly on block chain and we shall know that these are irreversible and untraceable transactions one wrong click and boom everything down the drain. So again with knowledge you need to play smart, have patience and research on tokens and coins you follow and most importantly entry and exit strategies as you cannot always be lucky and if you have made a fortune being lucky enjoy and do not stake your lucky money to test your luck again. Do not believe anyone who provides 99.99% correct signals because when you lose you will be in 0.01% he kept aside as probability.
Games and Trading Apps:-
Anything promising free money to play games is a lie, anything promising money by just clicking is a lie. No one has bots that make money, popular theory of scammers. you are eventually lured into gambling and schemes to win some and lose a lot. Many people fell victim to such apps which are still popular in the market when one closes other makes its way in. One such app was Ida that become popular in Pakistan that also gave withdraws in huge amount. Eventually ran away with billions. Any such scheme or game is a trap and anyone who sets up this kind of trap is way smarter than you keep that in mind before preaching a hidden earning link to your friends and family and act over smart. you will lose your money and credibility.
Free Lancing:-
Now freelancing is not a scam but teaching freelancing, graphic designing and freelancing platform demanding skills is a scam. Firstly they are not short cuts at all and requires a lot of effort and hard work whether you are a writer, a designer or a web developer. You need to be a really good one nowadays to get work because of the competition. Secondly if you want to learn any skill everything is available on YouTube, google, khan academy and many other platforms you do not need any paid courses or gurus plus only those with keen interest in specific skill should take up free lancing and hustle in their own domain to be successful. Free lancing skills are being taught at very large scale in cities and academies are set up like any other educational courses. promising illiterates millions. So you shall beware of all those and person with no education especially should do proper research of what he needs to do as everyone says no qualification is required to join the course but basic education is required to carry on the selected path.
Scam Remote jobs:-
Ever came across the post promising lucrative amounts against copy paste work. scroll down, report and move on. As I said earlier anyone who demands money to begin your job or offering high for a simple task is trying to scam you and you should know it. Do not give up your information to such people and companies that misuse your data later. Greed is curse and until the greedy lives, scammer won’t get poor. Everyone has its own destiny online or offline both ways of earning shall be explored. Don’t fell so called influencers showing off their wealth to lure you into their own trap always examine pros and cons to step in with complete knowledge and roadmap of what you want to do!