3 Major Misconceptions about Making Money Online

The internet is filled with websites giving out tips about how to make – and how to save – money. Among them, there are quite a few that give out advice about how to use the internet as your personal cash cow – they make using the ‘net to make an extra buck sound really simple and accessible for anyone. Yet there are a few things that they get wrong about some of the online money making methods they promote. Let us set a few things straight about these.

Gambling online is not about money making – and whoever says otherwise is wrong

Thousands, perhaps millions of players from around the world play the top progressive casino games at the Euro Palace Casino. These people may seem like being desperate about hitting jackpots and winning big in the most entertaining way possible – but only to outsiders. Those familiar with the games at the Euro Palace, and the very nature of casinos (online or otherwise) makes them unfit for moneymaking. And they are not meant to be a source of income either – they are entertainment venues that give their patrons the chance to win, nothing more.

Of course, there are winners – and big winners, too – at the Euro Palace, but they are the exception – and they were certainly not planning to win big. It all depends on luck, after all.

Freelancing is not as easy as some like to think

Being a freelance writer, designer, programmer or whatever else can be done in this system, might sound like a dream job for many. It does have its advantages compared to the average “9 to 5”, of course, but it’s far from being a dream job in the true sense of the word. If you are already doing a certain job eight hours a day, think of doing the same – with the addition of constantly seeking job opportunities, pitching, bidding, and building your personal brand.

Of course, freelancing pays far more than a traditional job, yet the volume of work you need to put into it is also far more. And the “flexible hours” that make freelancing sound so attractive are most of the times far longer than 9 to 5.

Blogging takes a lot of work and time

Outsiders think of blogging as a dream job: you take a topic, you write articles about it, mixed with your daily ramblings and rants, and the cash will flow toward your pocket. While being a blogger might sound like a fun way to make an extra buck, it is not – it needs hard work, dedication, and quite a lot of time and money invested to become a profitable venture.

Forget about the initial costs of setting up a blog – those are minuscule compared to the time and money it takes to build it up. After all, there are millions of blogs out there, and most likely thousands or even hundreds of thousands that have chosen the topic you want to write about. You need to either stand out of the crowd or spend countless hours on optimizing, promoting, fine tuning and chiseling your blog before you can make a living writing it.