It seems like it has been a millennium since I wrote my last Making Money post. See what I did there?
All jokes aside here are a few new things I have tried recently to create some cash flow.
Heleum by Uphold: I jumped into Heleum back in its early days (i.e. last December) when crypto was riding high. I took about $100 of my Steemit money and put it into Heleum. It quickly tanked.
Heleum is a great concept, basically it does all the work of a broker for you. You put your money in and Heleum “launches” it out as “balloons”. These “balloons” are small amounts divided into different currencies, and not just cryptos. Heleum trades in several fiat currencies as well. Heleum’s algorithm watches the market and moves your balloon from one currency to another. If it works correctly in 30 to 90 days the balloon will “pop” at a profit.
In the six months I have had money in it, I have had one balloon pop. The profit of $1.79 was reinvested into a new balloon. The rest of my balloons have sunk and what was a $100 investment is now $30. I put a little more in when they announced some major upgrades to the algorithm, so far it is also in the red.
But. I have hopes for them. Uphold itself is a great wallet and exchange (albeit a little limited in its currency range). They have invested and continue to invest into their Heleum product and I think in the long run they will get the kinks out and the platform will be successful. Besides, hodling for the long term is the name of the game in cryptos. I bought in during a “high”, so of course I am going to suffer a bit in the low.
If you are interested in joining Heleum use my referral code here.
Robinhood: Robinhood is an app which allows laypeople like me to buy and sell stocks with no (or low) fees. Stocks are less risky than cryptos for the most part, although Robinhood does allow you to purchase a few cryptos as well.
I joined it thinking it would be a bit like Heleum but with stocks. I was wrong. Unlike Heleum, the user has to initiate the purchases and trades. So while it’s easy to use and you don’t pay fees, you still need to do your research and make sure your purchases are wise. I can see someone losing a ton of money if they don’t know what they’re doing.
So far it’s been fun. I don’t have a lot to invest, but I picked up a few penny stocks and my investment has stayed pretty level for the short term.
Note: sign up using a referral (hint hint mine) and you and the referrer get free stock. I didn’t know about this until it was too late and missed out. Perhaps some of you can help… 🙂 I have made a couple of referrals and it’s been fun getting a few stocks I would not have thought to buy for free. Click this link to get the app with my referral!
SoloLearn: this is an indirect way of making money. SoloLearn is an app where you can learn basic skills in several computer languages for free. It won’t give you a degree or anything but it is a stepping stone to further learning.
Right now I am learning SQL, a database management language. From what I have been told by an acquaintance in the field there is a high demand for Database Managers and if one can become proficient in SQL they can easily land a job paying $30/hr part time.
It’s boring, honestly, but the payoff potential seems worth it. I’ll keep you posted on my success or failure (probably this winter, when I have reliable internet).
The last few are Steemit centered:
Steepshot: for lack of a better way of saying it, Steepshot is the Instagram of the Steemit universe. It’s still in Beta so it has some problems occasionally, but for the most part it is just as easy as it’s non-paying counterpart. If you aren’t into blogging but you still want to jump on the Steemit bandwagon, this is a great way to do it. Post pics, get paid. Pretty simple.
DTube: again, for lack of better comparison, dtube is the YouTube of Steemit. I know many people make money on YouTube, with this the money is a direct result of how popular your videos are. No affiliate linking, no marketing, just upvotes. I haven’t done much with this since I’m not much of a video maker, but I have seen tons of people succeed on it.
Busy: Busy is Steemit, just under a different team. But it offers a few features that Steemit doesn’t. Busy allows plankton and minnows to determine their voting percentage, which is a big deal if you are limited on voting power. It also allows you to upvote your post when you post it, something which disappeared from Steemit mysteriously. Probably my favorite thing about Busy is that it allows you to create a footer to go at the bottom of each post, this is super helpful when you have a site or service you want to promote.
Anyone out there have any more suggestions for ways to grow income with little to no monetary investment? I am definitely interested in trying new ways to make money and telling everyone about them. Let me know in the comments what you think I should try next!
If you’d like to read the rest of the series start here.