I spoke to one of my friends this morning. He said that he made about $50000 in stock trading this year. He is a passionate online stock trader. He purchased a lot of stocks before 2 years. He purchased stocks worth $2. He had a lot of 2500 (2500 X 2 = $5000 initial investment). The stock grew gradually in the 2 year period and was rated at $22 yesterday. He sold them and made $55000. So, he made an overall profit of $50,000. After taxes it comes around say closer to $45,000. He mentioned that he had great investment idea and that made him succeed. Here are some information about his profile:
1) He was a newbie in stock trading and he learnt stock basics for about a month
2) He kept track of stocks each and every day and he had to keep up with trend to make a good profit
3) In addition to stock price he had to keep track of company events to be on a safer side
4) He has finally sold out his property and made a grand deal
5) He took a gambol of $5000 and was unsure of success
I compared his case with a new blogger aspiring to make money online. Stock trading and blogging are ways of making money online. Each one is unique in its own way. Interest and Passion are very important before deciding on which one to choose
1) Blogging takes $0 initial investment and we can create a new blog in 2 minutes
2) Blogging is very easy and doesn't need any prior preparation or experience henceforth anyone in this world of any age can blog
3) We need to work so hard for initial 6 months without expecting a penny in return. Some bloggers like me start making money from day 1. TRUE...It's not even a month since I started this blog and included adsense code into it. I have some adsense balance now. It happens in some cases and in some other cases it might take 3 to 6 months for that ignition to happen
4) You can expect a constant inflow in form of advertisements say after 6 months time. If you blog good quality content rich articles you'll definitely have a great user base
5) You'll make money while sleeping just like stock trading and it is not a gambol. You have virtually 0% risk as you invested just your time (you can start with part-time blogging and eventually turn out to be a full-time blogger)
6) You don't sell your assets. If you want you can sell your blogs say after 3 or 4 years. Who knows...your blog might be values at 1 billion just as twitter had been valued at 1.5billion dollars now
So, choose the make money online strategy that suits your passion...Make money from blog , invest in stocks and multiply it manifold...YOU CAN WIN
1) He was a newbie in stock trading and he learnt stock basics for about a month
2) He kept track of stocks each and every day and he had to keep up with trend to make a good profit
3) In addition to stock price he had to keep track of company events to be on a safer side
4) He has finally sold out his property and made a grand deal
5) He took a gambol of $5000 and was unsure of success
I compared his case with a new blogger aspiring to make money online. Stock trading and blogging are ways of making money online. Each one is unique in its own way. Interest and Passion are very important before deciding on which one to choose
1) Blogging takes $0 initial investment and we can create a new blog in 2 minutes
2) Blogging is very easy and doesn't need any prior preparation or experience henceforth anyone in this world of any age can blog
3) We need to work so hard for initial 6 months without expecting a penny in return. Some bloggers like me start making money from day 1. TRUE...It's not even a month since I started this blog and included adsense code into it. I have some adsense balance now. It happens in some cases and in some other cases it might take 3 to 6 months for that ignition to happen
4) You can expect a constant inflow in form of advertisements say after 6 months time. If you blog good quality content rich articles you'll definitely have a great user base
5) You'll make money while sleeping just like stock trading and it is not a gambol. You have virtually 0% risk as you invested just your time (you can start with part-time blogging and eventually turn out to be a full-time blogger)
6) You don't sell your assets. If you want you can sell your blogs say after 3 or 4 years. Who knows...your blog might be values at 1 billion just as twitter had been valued at 1.5billion dollars now
So, choose the make money online strategy that suits your passion...Make money from blog , invest in stocks and multiply it manifold...YOU CAN WIN
