I need 5 sources of revenue to generate $200 each per month - Ideas?

[BayAreaCoins]

without risk.

Altcoins and such are always risky.

[mr.relax]

Dai is a stable coin, so the rate is almost without risk.
Investing in a DeFi has a risk, but its relative low.

Actually any investment has a risk. If hold money at the bank, there is also a risk...

[itsv]

Taking about crypto related investment i think staking , lending and masternodes are good options. For staking if you see https://www.binance.com/en/staking page alogrand is about 16-20% at the moment similarly kava 14-16%.   

For masternodes its one time work to buy vps or setup on your own and let the rewards come ..pretty much auto-pilot.  Apart from affiliate marketing you can use your bitcointalk profile to get project/bounties and outsource maybe if that is allowed i am not sure though. Or maybe create a udemy course 

Apart from online work you can buy apartment and list it on airbnb.. similarly you can put your car for rent etc.

 

[carlfebz2]

~snip~

I dont recommend masternodes on this matter though.It might be all in auto pilot but the risk on getting having no value coin would be there.
Also it does require big amounts for you to felt up the staking part.

Dai is a stable coin, so the rate is almost without risk.
Investing in a DeFi has a risk, but its relative low.

Cant trust up any stable coin or putting up purely into this one.I would rather choose up putting on bank than having this option.

[Stedsm]

Translation - Though this needs experience, but if done correctly and through known sources that can give you continuous work (obviously on the basis of your previous works) this one can definitely fetch you $200 a month easily.

Voice-over jobs - It's full of luck to find such jobs where your voice is needed to work for you, but if you get a job done successfully, then a streak of jobs await for you in this field and has a lot more to give you above your expectations.

YouTube - If you are creative enough to make great videos with high quality content, then YouTube is the best place you should go for. $200 is easy if you can get around 2-5 million views for your video and people wait as well as also click on the ads shown during your video stream.

Blogging - It's a hectic task and takes longer before you become a successful blogger as the competition is already on and heating up in this field, but once you gain a lot of subs on your blogs, you can start advertising affiliated ads or even Google ads (AdSense) to earn through this field.

[Taskford]

Translation - Though this needs experience, but if done correctly and through known sources that can give you continuous work (obviously on the basis of your previous works) this one can definitely fetch you $200 a month easily.

Voice-over jobs - It's full of luck to find such jobs where your voice is needed to work for you, but if you get a job done successfully, then a streak of jobs await for you in this field and has a lot more to give you above your expectations.

YouTube - If you are creative enough to make great videos with high quality content, then YouTube is the best place you should go for. $200 is easy if you can get around 2-5 million views for your video and people wait as well as also click on the ads shown during your video stream.

Blogging - It's a hectic task and takes longer before you become a successful blogger as the competition is already on and heating up in this field, but once you gain a lot of subs on your blogs, you can start advertising affiliated ads or even Google ads (AdSense) to earn through this field.

In those fields you listed the one I think it's hard to find is the voice over jobs since I don't find any similar option in this space and you need a great voice before you recognize for this category.

And right now I'm thinking to create my YouTube channel since I've seen so many YouTubers earning some wealth on that platform but for now I'm thinking on what content should I do since I'm kinda shy to face on the camera maybe I will do a DIY crafts or other things.

[ChronoGN]

You can try writing blogs on Publish0x.
https://www.publish0x.com?a=MYer4lEbOB
I'm currently getting about $2 in crypto for every article I write. So if you write 100 articles, thats $200!

[Caketea]

You'd be spreading yourself way too thin by trying to build 5 income streams off the bat. You're also making an unsubstantiated assumption that 1 or 2 streams can't get you to your goal of $1000/month if you put in the work, which is more than doable. Most people fail because they have no idea what they're getting into, they do inadequate research, and try to go in with no money to spend on the project expecting to make it. In your position, you'd honestly be better off getting a second part time job (I assume you already have a full time job), and experimenting with the extra money you get on the side. As with all business you need to define an audience and find a problem to solve. The best things to get into are probably SEO/Affiliate Marketing/Selling your own services. None of them are easy, some take time, others are faster but take more money. Pick your poison, but unless you have at least $1000 to work with, don't bother until you do.

[uplymedia12]

You can buy and rent or sell .Crypto domains

[foka135]

Guys.

So I was wondering if you guys could give me ideas to set up some revenue streams that would not require much time investment per week.

Ideally each source of revenue should bring in about $200 per month and should be scalable.

I have some of my own ideas but I can get too biased about what I think is the right thing, so I want to open up this discussion to all of you that might have better ideas than what I could conjour.



Self-mod thread, but I won't delete your posts unless you start trolling.

Start you own eCommerce.

Dropshipping - You do not even need your own product. Buy products from amazon and sell them in ebay
Affiliate marketing - again you do not need your own product however you need to have very good knowledge about how online advertising works.

These are the two side income you can try. The first one will not need any money at all but the second one may require a lot of money just to educate yourself and to use the proper tools.

Good luck.

I tried both and can tell you that dropshipping is nearly impossible. It was possible 6-8years ago but now you can not do it anymore. Nobody wants to wait 6 weeks to get his overpriced, low-quality product... You have to sell something special and know how to invest in ads.
Affiliate Marketing is much better imo but hard to learn.

Learning SEO and Wordpress is a great step since you can do so many things with that.

Cheers

[coupable]

I tried both and can tell you that dropshipping is nearly impossible. It was possible 6-8years ago but now you can not do it anymore. Nobody wants to wait 6 weeks to get his overpriced, low-quality product... You have to sell something special and know how to invest in ads.
Affiliate Marketing is much better imo but hard to learn.
Learning SEO and Wordpress is a great step since you can do so many things with that.

Dropshipping wasn't that profitable even in old days and depends on many factors.
I thought about a service that can help people buy from alibaba and amazom, if you can limit the service to specific countries where the use of debit/visa cards or PayPal is not allowed by law. Users from those countries need this kind of services if you can prove credible, and they can pay you using btc or any other crypto.
Affiliate Marketing can be also a great source of income, but you have to compete whales in the field .

[envatoleaks]

99.9999% advices would be to resell whatever stuff. Well, you could cooperate with me, I'd say. We have a channel in Telegram, we post a free file from Envato Elements stock. Whoever needs specific file, we charge some money. Monthly subscription is possible as well. We'd pay % for such work. 

[palle11]

I would like you to know that every business involves risk. That said, I think you can learn how trade either forex , commodities, stocks etc or cryptocurrency, that's two suggestions already (that's if you don't know how to already).
The third is to sell products, goods online depending on your location. You can have a telegram group; this is currently turning out to be a big business. But I'm sure I won't join 

[elmag398]

I think crypto trading won't be a bad idea, but it is market dependent.so profit might take time. But its a start. Especially now that the value of bitcoin keeps rising and dropping.

[FanatMonet]

I think crypto trading won't be a bad idea, but it is market dependent.so profit might take time. But its a start. Especially now that the value of bitcoin keeps rising and dropping.

But trading is quite dangerous, and as far as I understand the author’s messages, he wants to make a profit without risking anything at all. Which significantly complicates his search. Although quite a lot of good advice has already been written.

[seoincorporation]

One good source is buying and selling things online, you know, buy things that you consider they could be sold at a higher price. That's a fast making money way.

And another way is staking, some coins let you earn by holding them, but to make $200 each month you will need a big amount of them.

[mr.relax]

There is no way to earn but dont invest money or work.
The whole concept of passive income was planted in our brains by MLM-systems.
You once promote and afterwards earn passive.
But all this systems dont reward the customers. In the specific case of crypto it almost always lets the customers loose.
So in the end you have to promote a scam and get your share for that. Somehow its not an income, its almost comitting a crime.
In germany you can get sued and pay for the losses of your refs, if you promote such a snowballsystem.
Exceptions is g.e. promote a huge exchange like binance with your reflink.

In my Opinion, passive income is an unrealistic dream. You can only earn peanuts by that or you have a lot of work with promotion or you cheat others.

There is no sitting around without sweat or risk and earn. Ok, if your fathers is a millionaire, maybe.
You either work or invest or both. And in this easy ways there are myriards of possibilities. Its proofed since kapitalism rose.

[Bitcoin Marketing]

Some really nice ideas here, so im adding my own

Build an online asset, provide value, any kind of value for your community. It can be esports odds, ways to invest time and hobbies glossary - anything with value to targeted audience. Build your audience community, educate them, learn from them. Once all done - monetize !

Good luck
 

[cr4zyd3v]

Have read all replies.. I am in the same hunt and from what I could see during my journey it will depend on your situation..
You say that you already have a job so the first step is already done.. Mostly, if you search through internet, you will see lots of business..
You may want to create a business first.. does it require skills? what skills do you need?

A dicing game where people can bet over telegram - coding skills

A networking system where you convince group owners (telegram, facebook etc..) to advertise business ads - convincing skills

A drop shipping  business - marketing skills

I would suggest you to take a look into indie hackers..
If you have no skills, no money and little time, it will be really hard because competition is too high

I have a job (little starting money to invest), a skill (coding) and now I am creating small apps.. aws provide good free tiers so I can spam apps and test them paying almost nothing. I also have limited time and I am very tired by the way (and poor) lol, but here is my plan:

- Search a niche >
- Investigate current business in this niche >
- Create a MVP of a SAAS very quick (to test it fast and fail fast) >
- host it on AWS free tier >
- Spend a little $ in fiverr with marketing
- If it has some engagement I keep working on it.. otherwise I move on
REPEAT ^

I am just sharing my plan because it might help others besides op.. I am still struggling on my first app MVP because it is taking more than I thought lol

[partysaurus]

im doing a project, trying to earn as much as possible with help of diffrent sites, i have a job with alot of downtime so i was thinking about maximizing profit,


but for right now even getting above 10 dollars seems like a strech -_- , guess translator work is your best bet but thats more like normal work and pay less then normal work.....