4 Risky Ways To Make Money Online ( Not Recommended)

4 Risky Ways To Make Money Online ( Not Recommended) 1

4 Risky Ways To Make Money Online ( Not Recommended) 2The internet is full of promises about systems that will make you rich in an instant, or ways of working from home that, without effort or investment, will fetch you thousands of dollars in a matter of days.

Learning the ins and outs of these supposed “miracles” is logically not free. Most will ask you for money in exchange for revealing to you their magic formula.

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And that is the only truth of all: the one who really makes money is the one who sells you the method, which in the end never works. Or at least not in the way they promised you.

Do not fool yourself. Although making money online is perfectly possible, it is not easy.

You will have to dedicate time and effort, and ideally have an economic cushion to avoid falling into despair if things do not go as you want.

Other people will show you that they have made a lot of money online with their system. The error is that they present it to you as if you could replicate that same thing in any other sector.

What they do not tell you is that their GREAT advantage is that they were the first, and that, however much they have done well in that market niche, that does not mean that it will work in another.

To avoid losing money, risking too much or dedicating a lot of effort to something that is going to give you crumbs, I will recommend you avoid the following systems:

1. Online bets
It is estimated that only 3% of people who bet online (as in sports betting, for example) end up making money.

Of course you could be one of them, but the risk is very high: besides there have been cases where the bookmaker closes a winning account , it can end up generating a gambling addiction.

You will also find who has earned money and wants to sell you his infallible method. Besides that they take a commission when you open your account at the betting house, they are usually systems already known and prohibited by these companies.

Do not trust any method that seems too good. That’s why so many betting houses give you money when you sign up: because they know that, sooner or later, they will win.

Take it as a hobby if you want, but trusting your hopes in betting is usually a bad business. It is much better to dedicate yourself to something that depends less on luck and more on your effort.

2. Answer surveys
This is another one of the great myths. It is true that you can earn money by filling out surveys, but for the amount it is not usually worth it.

They are usually paid from 20 cents to 50 cents for each completed survey , which usually requires about 20 minutes of your time. Sure it’s an extra way to make money online but would you not rather spend that time on something that would be more profitable?

As if that were not enough, many of these survey websites are a fraud. And some that are not, usually do not pay in money, but in the form of products, raffles or discount vouchers .

Most of the people that recommend this system usually include affiliate links. That means they earn money if you sign up on the survey website, and that is the main reason why they recommend it.

In summary: make sure it is reliable and use it as an extra income if you want, but while you are exploring other options of greater potential.

3. Online poker
Online poker is a the type of poker game that can be played over the internet.

Yes, there is a small minority that makes money playing online, but it is not an easy life at all. Besides that you must have good memory and ability to calculate probabilities, you will have to spend many hours in front of the computer.

As if that were not enough, the prizes tend to be much more juicy in live poker than online, which means traveling and paying huge registration fees if you want to opt for larger bags.

I personally know a couple of people who have made a lot of money playing poker. Both started online and ended up moving to face-to-face mode, although their careers did not last long and they decided to invest in other projects.

However, there are many more who have tried and ended up losing part of their savings.

My recommendation, again, is that you decide on projects where your savings are safe and luck does not play such an important role .

4. Forex
In Forex there are people earning a lot of money, but they are usually experts who have had to work for several years before seeing benefits.

The vast majority, for many “magical” systems that they use, end up losing money.

Forex means Foreign Exchange , which basically comes to be forex trading. Theoretically, you earn money by exchanging some coins for others (like when you travel) until their value increases.

However, it is not easy at all. It requires time and enough knowledge of economics, finance and technical analysis, and still you will need a lot of coldness to not make decisions that lead to disaster.

Again, whoever really earns money is usually the one who sells “formulas” to get rich with Forex. So do not trust who makes you this kind of promise

At the end of the day, you are the one who decides what you want to venture into with your time and money, but in any case I would never play with money from my savings on these very risky projects.

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Are you already using a system to make money online? Which one did you find most interesting? Share your opinion with us by leaving a comment.

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About the Author: Richard Nwanekezie

Richard Nwanekezie is an Entrepreneur, freelance writer and a blogger. He has a knack for sharing information that he thinks will be beneficial to the masses, both young and old.

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