Monday, September 25, 2017

Unconventional Ways to Make Your Fortune

money fortune
There are a million different ways in which people try and make their fortune, ranging from playing high-stakes poker to going up the corporate ladder with the dream of one day becoming CEO.

Each approach has some pros and cons, though none are guaranteed to get you to your ultimate goal destination.

Here are a few unlikely, fun, and unconventional ways that you might be able to use to make your fortune.

Move to a country with more favourable conditions

Call up an experienced immigration lawyer — it might be that the problem isn’t what you’re doing, but where you’re doing it.

While an international move is never something to be taken likely, it remains true that certain countries are simply more friendly to particular fields and career choices than others. This can manifest in a variety of ways — from better tax rates, to less regulated industry, or a substantially larger community of people interested in the sorts of services you offer.

Become an internet commentator

It’s hard to argue against the fact that, in the current day and age, traditional information outlets are in full retreat before the onslaught of citizen-journalists, commentators and pundits provided a platform by the internet and social media.

Entertainment vloggers like Pewdiepie have made millions from YouTube views and ad revenue, while an entire new class of current affairs commentators, from all sides of the political spectrum, have sprung up on the site. Many of this new breed of pundits have followings and viewership numbers larger than some traditional media companies.

If you’re the kind of person with something to say and the will to say it, why not monetize your soapbox by having a go at being a social media commentator?

If enough people like you, they may even finance you through websites like Patreon and buy any products that you later put out.

Invent something cutting edge and crowdfund it

Shows like “Dragon’s Den” present us with hopeful inventors who’ve finally decided to bring their creations to the world. As is common in reality TV, these bold men and women often leave in tears with their dreams stamped out by the would-be investors.

But what if the only mistake many of them were making was to go to big-business before the public?

In the digital age, a wide range of crowdfunding platforms have popped up, with perhaps the best known being Kickstarter. The idea here is simple — you pitch your idea to the public and pledge certain rewards to your backers. If people like it, they’ll invest in your dream — sometimes several times over.

If you’ve got an invention in you, waiting to get out, why not take it to the public square and see who’s interested in it?

Take your strangest, most niche passion and monetise it

Are you part of a fringe internet community of people who knit woolly hats for dolphins on Tuesdays? If so, you may be in a good position to make a profit off your unusual passion.

There’s a simple rule in business that the more niche a market is, the less likely it is to have been taken over by the big corporations. Although your particular hobby-community may not be big enough for a big business to feel it worth the investment, you, as an individual might find that there are just enough potential customers there for you to work with.

If you’ve got a niche interest, think of something that you, as a fan, would like to see in that community. Then, go out and provide it to your fellow oddballs.

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