Viral Trends and their Effects on Quick Earning Economy

It’s crazy how interconnected we are today. I am not even talking about the usual suspects – the social media. But being born in ex-Soviet Union, I still remember when a Hollywood movie would reach us only in two or three years.

Now, however, a viral YouTube video or a toy that helps with stress, a fidget spinner not only has the power to take over the world overnight, but have an impact on worldwide economy.

Here’s the proof.

Way to make quick money

 

A fidget spinner can cost anywhere from $5 to $15, however we learned not to put caps on prices since after Kanye West’s $120 plain white T-shirt sold out.

But going back to viral trends, smart marketers catching these waves may earn fortunes via drop shipping methods that don’t require you to ever have the product. Say, hypothetically, you live in a third-world country where $100-$200 gets you by a whole month.

If you catch a viral wave, such as with fidget spinners, 20 units sold could earn you a whole month of expenses in a day. These toys were introduced in February, so in 7 months you could have sold over 4,000 units worth around $35,000-$42,000. With that money you could create a business and employ half of the town.

Of course, these are just rough numbers. Current estimate of fidget spinner units sold is 300,000, so 4,000 doesn’t seem that unlikely. On the contrary, the potential is much higher.

Hopefully you understand how much potential power to singlehandedly turn around economies is in everyone’s hands right now. Drop shipping and affiliate marketing are just two remote ways how without a business address or a product of your own, or even talking with the supplier, you could be earning hundreds of thousands of dollars every month.

And these models won’t replace how traditional economy works. The product still has to be created. But nowadays a lot of emphasis is put on the way the product finds its way to the consumer rather putting it on the shelf and waiting for it to get noticed.

Should you?

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It may seem like a crazy question. If there is a way, why shouldn’t you? The problem with these quick trends is that they finish fast. While you don’t risk much, you may spend lots of time for practically nothing. To earn your share, you have to build a website and promote it. People need to find you while the trend is on the rise, while hundreds of your competitors are also trying to get the audience’s attention. That’s what I don’t recommend chasing every trend you see on Twitter. But being smart and observant, slowly focusing on a couple of niches – that’s a much more viable option that could actually be worth your time.

5 Medium-Risk, High-Reward Ways To Make Money

If you want your money to work for you and continuously earn dividends, you need to put it to good use. Stocks, long-term bonds, 401k, etc. That’s all good. If anyone is willing to find out more, Google will tell them everything they want to know.

However, what if you don’t want to wait 40 years to reap profits? What if you are willing to take a risk? In that case, we have 3 slightly-higher risk ways to earn some extra cash fast.

Cryptocurrency

 

You have probably heard by now about the bitcoin success. Just imagine, if you have bought $100 worth of Bitcoin when it was launched, you could now have millions. Fortunately, Bitcoin has plenty of competition.

Here is what you should know. If you do have some extra money, but don’t really want to get into cryptocurrency, pick one that is cheap, buy and forget. The technology is still being developed and as a result, one thing you need the most is patience. Bitcoin has tanked a few times and still came out as a hugely successful currency.

Chances are anything like Litecoin that follows will not be as successful but buying cheap, selling for profit still could be an option.

Buy websites

 

Nowadays, everyone wants to have their own online business or a personal website. Understandable in a world where YouTubers are millionaires and strategies like drop-shipping allow making money without a product, even on Day 1.

You could be doing that, or could buy and sell domains and ready-for-you websites. All you need is some basic coding skills. If you don’t know how to start selling, try making an account at Fiverr.com and offer websites.

However, there is a slight risk that no one will want to buy your website. Worst case scenario, you you’re stuck with that website for a couple of months. Think of it like car flipping. Websites just are cheaper and easier to get. Work on it. Improve backlinks, get some traffic in. Sonner or later, someone will want to buy it.

Online gaming

 

If you like online games, you have a lot to choose from. You can play, collect rare items and sell them to other players, you can play in competitive tournaments, or, if you are over 18, you can make money playing poker, casino and betting on sports.

As I mentioned, there is a some risk here as well. But there is a way to minimize it. For example, you can diversify your gaming – practice poker, play jackpot slots and follow established tipsters for better sports betting results. Making a first deposit of $500 would cover you for a long time (in terms of $5 buy-in poker tournaments, $5-$10 sports bets and up to $0.50 per spin slots. That’s an example if one operator offers all three games. Visit: pay-by-phone-casino.com, it has several examples of these kinds of sites, like 888.com.

Luck is always a factor but diversifying your bets will help you keep your deposit even in times of a downswing.

Conclusion

In the end of the day, we all just want little less stressful life. Making sure you are stable financially is the train that will take you to the happy town the quickest. Try out methods and let us know what you think.