When it comes to different technologies, this is undoubtedly one of the best times to be alive, and DEFINITELY, the best time to make money through it.
But, until everyone really understands the rules of the game and how you need to play, this article might be really helpful at explaining what you need to know exactly when it comes to making money off technology.
Given the fact that we’re starting to know more and more people who are becoming Tik Tok or Instagram influencers, the spotlight will slowly shift to technology.
But is there something more than just posting clips of yourself on social media platforms? Well, let’s find out here:
E-Commerce
I thought this was the first worth mentioning example, given the fact that it is the most straightforward way you can use technology to earn more money and become rich.
And just to take the pressure off of your shoulders, doing E-Commerce is SO easy, that even a grandma could easily sell her mittens from her phone with no assistance whatsoever.
eCommerce platforms have tried in the past few years to simplify most of the selling processes, and they really succeeded, as it’s relatively simple to sell something.
For example, there’s one market that skyrocketed during the pandemic, which is puzzles. Why? If you remember well, a couple of us promised we’d become the best bakers in town, but we quickly gave up and turned to puzzles. Just imagine how much money those people who were selling puzzles have made.
Live-Streaming
If you open your computer or laptop on a daily basis, you should have realized by now that streaming is the next color TV. Otherwise, you’re really living under a rock.
If you don’t believe me, google “twitch” and prepare to be amazed at what you’re about to find. In fact, live-streaming has become such a thing, that big manufacturers are starting to sell streaming kits in order to make the process easier.
But don’t worry, you don’t really need any kind of complicated technology. Even though there’s a bit of competition right now and you will have to go for something original and valuable for your viewers, trust me, it’s worth it. It is one of the clearest monetization systems among technologies these days.
Clubhouse
If you don’t know what Clubhouse is, don’t worry. We didn’t know either until some time ago. Clubhouse is the place where Elon Musk schooled the Robin Hood CEO on how to stop retailers from buying GME stocks.
If you haven’t heard the story up until now, you should look it up because it will really be worth your time. Ever since it launched, Clubhouse dropped in popularity among many users, but it’s still worth mentioning, because:
- It’s still new, so if you get a chance to be an early adopter, you should try it.
- They implemented a new payment system where users tip their favorite host, and 100% of the tips are going directly to the creator.
- If you have something to say, Clubhouse is the perfect place for you.
Paid Subscriptions
Nowadays, Patreon and Substack are some of the paid subscriptions sites where members can earn a monthly salary by receiving money from their members.
They’re basically platforms where your work, whether as an artist, as a journalist, or as a financial analyst, can be rewarded by the people who follow you.
For example, Jordan Peterson is a Canadian psychologist who was earning $1,000 a month by the time he joined Patreon, in August 2016. But only in a couple of months, he had managed to earn $14,000 a month, and now he’s earning a million dollars a year through the website.
Crypto
I think it’s fair to say that in the last year, EVERYONE has been talking A LOT about crypto, and for good reasons. Nowadays, world-changing technologies have become super interesting for all of us.
Let’s just start by saying that there are 2 ways through which you can make crypto. First, you can mine it. And secondly, you can stake it. While some of you might have already heard of mining bitcoin, did you ever hear about staking your crypto?
To resume as much as possible, staking is basically an alternative way of validating some transactions in the blockchain network. You put your coins somewhere, and you receive interest over time.
NFTs
The most expensive NFT ever sold was for $69.4 million and is “Everydays: The First 5,000 Days” made by Beeple. If this number scares you, don’t worry: even Paris Hilton succeeded in selling digital artwork for $17,000.
But have you ever wondered how this new technology can make you so rich? Well, it’s the perfect way of answering the copyright issue, but also a great way for digital creators to monetize their work.
And just like Gary Vaynerchuck said: “everyone will soon have their own NFT project…just like everyone has a social media account.” If what he says is true, you better start learning more about NFTs soon!
VR and AR
There is another place where you can come early, and that’s Virtual Reality. Virtual Reality is still in its early phase because the cost of entering this field is pretty high.
For example, headsets are very expensive. In addition to that, you need to have a decent PC to power it and make it work properly. However, for digital artists, this is definitely the best place to set a foothold.
But as we mentioned before, if you have a chance at becoming an early adopter, there’s no reason not to take it. You should know that there aren’t currently many VR developers around, so there’s plenty of room.
Internet of Things
If you’re a young developer, then the internet of things should be the only thing that’s on your mind right now. If you’ve never heard about this term before, here’s its story.
In 2020, Google invested almost half a billion dollars in a home security company. But why would Google do such a thing? Apparently, they preferred playing a long game, and that’s why the internet of things is so interesting.
The term is referring to the network in which devices talk with each other. This is how you can pay with your watch, or close the lights by speaking to a box.
Podcasting
Even though Podcasting isn’t a quick high-income earner, you have to admit that it is a fantastic way of making money online. And you’ve most definitely heard at least one podcast during the pandemic, and most probably you’ve become a fan of them ever since.
I mean, even my dad is a fan of podcasts! Some of the several high earners are Leo Laporte, who’s currently earning $50,000 per episode, TWiT, and Joe Rogan, whose net worth is $100 million.
What’s worth mentioning is that podcasters make their money through affiliate marketing, sponsorship, ad revenue, courses, services, donations, or even premier membership.
Social Media
And, the current superstar of easy technologies, Social Media! While Social Media started getting a bad reputation in the last few years, there are still some good things worthy of mention about it.
People either hate something in a Facebook group or complain about unrealistic body standards on Instagram. But what people forget to use social media for is an audience.
In fact, that’s the whole purpose of it. To connect with people around the world who share the same interests as you. So, if you have the chance, read more about how you SHOULD use social media and educate yourself to be better than others!
If you enjoyed reading about all of these new technologies, we also recommend reading: 10 Celebrities Who Aren’t Fans of Social Media
