How Has Technology Changed the Way We Make Money?
We live in a world of constant technological growth and evolution; a world which has seen complete infrastructural upheaval as a result of the invention and proliferation of the internet. We are more connected than ever before, and the mechanisms by which we work and play have been changed fundamentally.
The advent of the internet, and the smartphones we use to access it on a daily basis, has made it easier than ever for people to create their own revenue streams past the 9-5. The ability to do this has become especially important in recent months, as rampant inflation and recession fears compound to squeeze domestic budgets all across the country.
With this in mind, and for those new to the idea of creating their own side hustle of sorts, what are the various ways in which you could use technology to make money online?
Online Marketplaces
One of the foremost ways in which extra cash can be generated online is through the sale of unwanted items on digital marketplaces. Global online auction-house-cum-marketplace eBay paved the way for selling second-hand goods online, and now there are numerous options available to consumers and budding sellers – from the hyperlocal Facebook marketplaces to craft selling sites like Etsy.
Vintage E-Commerce
The above marketplaces can be particularly useful for those simply looking to de-clutter their home, but if you are someone with a bit more of a vested interest in buying and re-selling quality items, there are specific apps and sites where you can build a profile as an online seller.
One robust market for this is preloved and vintage clothing, with vintage fairs and kilo sales being increasingly popular methods of getting quality clothes across the country. Apps like Depop and Vinted enable sellers to create profiles and sell their clothes at a reasonable price – an endeavour which can turn a tidy profit if done correctly.
Gaming
For the more casual user, hoping to simply generate some spending money while having fun in the process, there is a plethora of gaming apps available that can offer small cash prizes and rewards. Online bingo sites are a particularly popular way for people to kick back and relax, with the chance of receiving returns while they play. Casinos are also available in site and app format, giving people the opportunity to play their favourite games on the go and potentially earn as they go.
Fintech
For a more involved approach to growing your money, there is a new field emerging in the app-based market, in the form of fintech. Retail investment apps enable unprecedented access to the stock market for individuals, giving more people more direct control over managing their wealth. With the right trades and investments, you could day-trade your way to a comfortable additional income.
