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Noah Forum / Technology Market / You're locked in a room with a computer, and internet for 1 day, and 1 night. You have to make $500, or you die. You can't borrow money. What would you do? (1 Post | 116 Views)
You're locked in a room with a computer, and internet for 1 day, and 1 night. You have to make $500, or you die. You can't borrow money. What would you do? / Microsoft announces enlargement of urban center AI laboratory /
It really depends.
But one thing’s for sure, the first step that I would need to take is to reach people.
I’ll explain why in a bit.
However, there are 2 cases here :
I have access to some money ( my bank account maybe? )
I have access to no money at all
It would be pretty easy to make $500 with money.
Now why did I say that I had to reach others?
Because if I were to make money online, chances are that this money has to come from someone.
Selling something in an online store? Need customers
Affiliate Marketing? Need customers
Freelancing? Need customers
With some money on me I can easily buy customers with ads. The trick is to know how to use ads so that when you put $1 in, you get $2 out.
This way you can start small and slowly work your way up to $500.
What if I had absolutely no money?
You see, when I first started making money online I didn’t have much money on me. I was just a student.
This is why I started with blogging as a means to make money. It was practically free to start.
The problem here is that since blogging is a free method to make money, you’re going to need time.
Which means that you can’t do that here.
Any form of free traffic ( free ways to reach people ) will take time or require you to already have a huge following, like if you have tons of followers on Facebook.
Assuming you have none of these, free traffic will not be an option.
The only form of free traffic I can think of that works is Quora.
Because anyone’s answer can go viral on Quora.
It happened to me about a month back. It was just a simple answer. I posted a link to my site in that answer.
The answer boomed and it got over a 100k views.
This means that a portion of it will click on my link to my site.
This means that they will read my post with affiliate links on it.
This means that some of them will click on that link and buy something.
Ta-da ! You’ve made money.
This however may or may not work because:
You can’t guarantee a viral answer
It took me months of writing for 1 viral answer
It is worth a try though if you have absolutely nothing to work with.
This isn’t the best method though in my opinion.
What’s the best way then?
I’ve seen someone answer about the stock market here and I do think that that is the most f00l proof way to succeed.
Okay, we know that people buy and sell stocks right?
The cool thing here is that you can actually sell stocks that you don’t own, called short selling.
The basic idea is that you can borrow stocks ( the criteria in the question only said that you can’t borrow money ) and sell them first. You get paid right away and you can just buy the stocks again later to return them.
This is a legit way of making money in the stock market where traders sell first because the price is high and buy it back when the price goes down.
Since I can make $500 pretty much instantly I’ll be freed, but I’ll be in a “stock debt”.
Of course I don’t really care at this point since I can just ask for help if necessary.
Source; Quora - Join Us @ Quora.com
See You There Soonest!
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