8 worst ways to make money online

You’re already working a full-time job, but you’re trying to hustle on the side. Maybe you have debts to pay off, are saving for a dream vacation or need to bank cash for a home improvement. Whatever the reason, you see the appeal of making money online.

And who doesn’t? The internet has grown the economy and seems like a friendly place to do business. You can work from the comfort of your own home and set your own hours.

But before you jump in, do some research and make sure the “opportunities” at hand are legitimate. Some ways to earn money online should be avoided simply because they are risky, illegal, dangerous or unprofitable. Beware of the following.

1. Taking Surveys for Pennies

Online surveys are abundant. Some you are asked to take as an act of kindness or to provide feedback for a product or service. If you come across surveys guaranteeing you will make good money in hardly any time, be wary. Often these surveys do pay, but at what cost? Is it really worth 30 minutes of your time to make $1? You might be better off working at minimum wage. For a good-paying survey, look for a focus group or a qualitative research study.

2. Selling Any Pirated Materials
Pirated e-books, CDs and Hollywood blockbusters on Blu-ray can be found and downloaded online — often for a small fee. Sounds enticing? Think again. Selling — or just downloading — pirated materials can land you in big trouble with your internet provider and local, state, and national authorities. Just don’t go there.

3. Selling Click-Bait Links
Many bloggers make a good living from ad revenue, affiliate sales and more. But they don’t buy or sell click-bait links, the links that go nowhere, to the wrong site or just plain spam up your browser. There’s little money in these bottom-feeder games.

Want to make money off a blog? Partner with reputable affiliate programs such as Amazon Affiliates and set up ads with Google AdSense. If you don’t, your readers will catch on to those fake links and stop reading before long.

4. Online Gambling

While the idea of winning big via online gambling is appealing, the odds are not. From 2005 to 2007, only 11 percent of repeat online gamblers ended up in the black, with the average winnings totaling less than $150, according to an analysis in The Wall Street Journal.

Don’t buy into the hype of gambling. Instead, use your smarts to do work.

5. Multilevel Marketing Online
You’ve heard of pyramid schemes. You know, the ones where you try to reel in your closest family and friends and get them to sign up for a product or service. In return, you’ll bank some cash and make even more money when more people “underneath” them sign up.

These multilevel marketing opportunities are risky for your personal life and relationships. They are also risky for your pocketbook, as they often require an up-front investment.

6. Risky Online Investments
Buying penny stocks — typically for very small companies with highly illiquid and speculative shares — might sound appealing. You might think you’ll invest just a little bit and earn big.

Only this is unlikely to happen, especially if you know very little about investing. Put your dollars elsewhere, such as in a strong mutual fund where you are far more likely to have a more solid return.

7. Reckless Buying or Selling on Craigslist

You’ve probably heard about Craigslist scams. Most people read the stories and shake them off, thinking nothing bad will happen to them. Think again. Craigslist is a wonderful marketplace to buy, sell, or trade items; meet people; and find jobs. It can also be a dangerous place to make money.

When selling or buying items on Craigslist, use discretion. If you are meeting a prospect in person, do so in a safe neighborhood, in a public place and at a specific time. Be aware of your surroundings and bring a friend.

Do not show up with more cash than is needed for the transaction. Make sure you are informed about the product you are buying. You can make good money buying and selling on Craigslist when you know the product and its value. If a transaction seems questionable or unsafe, walk away.

8. Selling Your Online Reputation
Selling your reputation online can take many forms. You might be enticed to fill your Twitter feed with spam to earn a few cents. Or maybe you share some content on your Facebook feed for a buck or two. Remember, the internet never forgets.

These types of actions can ruin your online branding, cause you to lose social media friends and simply make you look like a sellout. Don’t risk your online reputation — which is vital to business these days — for a few clicks.

Don’t let this list scare you off using the internet to do business. There are plenty of legitimate ways to make money online, and many people are earning a decent income with their online side jobs or hobbies. Be smart and just make sure you understand an opportunity before you pursue it.

From GOBankingRates.com: 8 worst ways to make money online

ad-high_impact_4
Business
Apartment complexes selling fast in Las Vegas
Las Vegas’ apartment vacancy rate is among the smallest in the country, and rents are climbing faster than the national average. (LVRJ)
Aristocrat Opens $45M Campus In Summerlin
Aristocrat Technologies Chairman Ian Blackburne discusses the company's growth. (LVRJ)
Sunrise Hospital celebrates 60 years
Sunrise Hospital opened its doors to patients on Dec. 15, 1958. Employees of more than 35 years celebrated at a luncheon Wednesday, Dec. 12, 2018. Jessie Bekker/ Las Vegas Review-Journal.
Maya Cinemas to open soon in North Las Vegas
Moctesuma Esparza, CEO of Maya Cinemas, talks about the newest location in North Las Vegas, set to open Jan. 10. The aim of the theatre chain is to serve latino-centric, underserved communities.
Holiday shopping and returns make this the busiest time of year for UPS
The UPS Las Vegas South facility is the company's busiest pre-load operation in the country, and it's even busier this time of year. (K.M. Cannon/Las Vegas Review-Journal)
Primm’s outlet mall has fallen on hard times
The mall, attached to Primm Valley Resort, opened in 1998. Back then, it was a “textbook, perfect outlet-center location." But now, Primm’s outlet mall has fallen on hard times. Las Vegas Boulevard has endless shopping spots. And there are other outlet malls that don’t require a hefty drive to the state line. Its mortgage-holder foreclosed on the mall in late September.
Miltary auction at Ritchie Bros. Auctioneers
Humvees, ammo cans, construction equipment, field gear and more is on the auction block Friday and Saturday at Ritchie Bros. Auctioneers. About 10,000 items in all are for sale in what GovPlanet bills as the largest auction of its kind.
Las Vegas residents discuss avoiding holiday scams
Las Vegas residents discuss their donation habits and how they avoid giving money to scam charities during the holiday season. (Bailey Schulz/Las Vegas Review-Journal)
Tesla’s Nevada Gigafactory ahead of economic impact expectations
The Tesla Gigafactory’s economic impact on Nevada has exceeded projections, bringing in more than 7,000 jobs. In 2014, Nevada agreed to give the automotive and energy company $1.3 billion in tax abatements. In return, Tesla promised to meet certain requirements in areas like employment and capital investment. As of June, Tesla has brought in a total of $6.05 billion in capital investment, surpassing the $4.95 billion projection. The original contract gave the company until 2024 to make $3.5 billion in capital investments in Nevada. Derek Armstrong, deputy director of the Governor’s Office of Economic Development.
Land sales near the Las Vegas Raiders stadium
Land around the Las Vegas stadium site has been selling for high prices. A few months before the stadium’s groundbreaking, Global Trust Group acquired a 2.5-acre parcel just north of the stadium site. The property sold for $7.25 million, or $2.9 million an acre. Osprey Real Estate Capital and Huntington Hotel Group acquired a 2-acre industrial site just west of the stadium site in late November. The property sold for $6.5 million, or $3.15 million per acre. That's roughly 12 times the average price of land in the valley this year as tracked by Colliers International.
T-Mobile Tech Experience Truck parks in Toshiba Plaza at T-Mobile Arena
The Tech Experience Truck is a state-of-the-art showroom on wheels, with demonstrations that put connected drones, smart cities, augmented/virtual reality and smart tracking. The exhibit shows new wireless technology – including 5G and the Internet of Things (IoT). (K.M. Cannon/Las Vegas Review-Journal)
Steve Siegel, CEO of the Siegel Group, speaks about helping families and other needy residents
Steve Siegel, CEO of the Siegel Group, speaks about helping families and other needy residents to keep them from teetering off into homelessness. Bizuayehu Tesfaye/Las Vrgas Review-Journal @bizutesfaye
Crowds camp out for Chick-fil-A opening
Dozens of customers camped out 24 hours ahead of the 6 a.m. Thursday opening of the new Chick-fil-A on Rainbow Blvd.
Cheapest listings for sale in Las Vegas
Listed for $39,990, 585 S. Royal Crest Circle, Unit #9 is one of the cheapest homes currently listed for sale in Las Vegas. (Caroline Brehman/Las Vegas Review-Journal)
MGM's sports betting deals
MGM Resorts International signed a sports betting sponsorship agreement with the NBA in July It was the first professional sports league to have official ties with a legal sports betting house. The deal came just two months after the U.S. Supreme Court overturned a law prohibiting sports betting in most states. In October, MGM became the first gaming company to sign a sports betting partnership with the NHL. In November, MGM became the first gaming company to sign a sports betting partnership with the MLB. Financial terms of Tuesday’s deal and earlier partnerships have not been announced.
Terry Miller discusses Convention Center
Project Manager Terry Miller explains the phases of Convention Center construction.
Zappos treats their team members on Cyber Monday
Zappos rolls out a variety of food, drinks and special activities for all team members at their downtown Las Vegas headquarters for Cyber Monday. (K.M. Cannon/Las Vegas Review-Journal)
Team Hybrid at the 2019-Model Motor Trend International Auto Show
Among the companies showing off the 2019 model cars, Team Hybrid shows off its modified cars. Las Vegas resident David David talks about the team, which is in its ninth year exhibiting at the show, and his show car.
Black Friday Shoppers at downtown Summerlin and at the Arsenal
Black Friday shoppers at downtown Summerlin and at the Arsenal. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfYe
Black Friday shopping in Las Vegas
Black Friday sale shopers express their shopping experience. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Las Vegas Livestock recycling Strip food waste
Las Vegas Livestock collects and recycles food from many Las Vegas Strip companies. (Nicole Raz/Las Vegas Review-Journal)
Black Friday at Fry's
Shoppers line up for deals early on Black Friday at Fry's Electronics on Las Vegas Boulevard South. (Mat Luschek/Las Vegas Review-Journal)
Black Friday shoppers at Best Buy at 5 am
Black Friday shoppers at Best Buy at 5 am on Nov. 23. (Mat Luschek/Las Vegas Review-Journal
Black Friday - 1am Closing Time
Quiet night.
Black Friday - 12:30am - Best Buy Arroyo Crossing
Sam's Town Holiday Lighting Ceremony
On Wednesday, Nov. 21, 2018, Mystic Falls Park opened with its annual tree lighting ceremony, hosted by Boyd Gaming Executive Chairman Bill Boyd. The attraction features a Winter Wonderland theme and holiday-inspired laser light show, available daily Nov. 23 to Jan. 1. (Mat Luschek/Las Vegas Review-Journal)
What Is A Smart City?
George Karayannis, vice president of CityNow, Panasonic’s smart-city arm, explains. (Nicole Raz/Las Vegas Review-Journal)
Walmart uses virtual reality to train employees
Walmart Academy Facilitator demonstrates the VR training program being used by Walmart stores across the country.
With holidays around the corner, department stores hiring extra staff
J.C. Penny hired 72 seasonal workers this year at the Galleria at Sunset mall in Henderson in order to handle the heavy traffic of the holiday shopping season. (Rachel Aston/Las Vegas Review-Journal)
Startup Weekend fosters new businesses
With the help of entrepreneurial peers and an expert panel of mentors, Techstars Startup Weekend fosters the ideas of attendees into marketable business plans. (Rachel Aston/Las Vegas Review-Journal)
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like