The Cash Diaries

My experiments in passive income, trading and life

The best ways to make money online in 2016

2016 is upon is!  I don’t know why, but with the new year, I always feel a burst of extra motivation and I just want to Making money in 2016 onlineget out there and start making some more cash.  I’m also amazed at how much things change from one year to the next.  Google ranking algorithms change.  Affiliate programs close down and tried and tested money making methods no longer work.  So I’m putting together this guide to give you what I believe are the best ways to make money in 2016.  I’ve really thought long and hard about this list, and I will obviously be using all of these methods in the comings months.

eToro Copytrading

I have to put this first, because it is still my most consistent money maker.  Each month I make hundreds and sometimes thousands, by automatically copying the trades of guru forex and stock traders.  The worlds largest social trading network is eToro – i’ve been trying out a couple more and will report soon on my results, but right now, it’s definitely the place to be.

Amazon Associates

They’ve been around for an age.  But ever since Google started being a dick and randomly closing people’s adsense accounts, people have turned to Amazon and have had amazing success.  I’m about to right a post where I explain how I haven’t paid for books, electronics, games etc for years, because each month I get gift cards from the Amazon affiliate program.   But you can also earn real hard cash.   I personally know a dozen or so internet marketers who are now making a lot from amazon and have switched all of there efforts from Adsense to Amazon.  In 2016 this is where it’s at.  Build a site promoting products on amazon and you’ll make bank!

Authority Sites

Yes, Authority sites will still be the way to go in 2016.  What I mean by these is websites with hundreds if not thousands of pages of really high quality content, all in a general niche.  I’ve explained how I make thousands from one of my authority sites.  It’s still such a great way to make money online.

What I’m Avoiding in 2016…

Bitcoin

I’ve invested in bitcoin in 2015.  It hasn’t been a disaster.  I’m pretty sure I’m currently break even.  But I just don’t feel there is a massive upside for the near future.  I’m not going to waste my time on it.  I’m not going to cash out either, and I’ve got a stake in a few bitcoin projects as an investor.  But don’t think I’ll spend any time on it at all.

Facebook

There may be a resurgence for marketers when Facebook realises they can’t keep fucking people over.  But for the time being I don’t believe people should spend too much time investing in facebook marketing.  If this changes during the year, I’ll be sure to change my tune, but right now, I’m not bothering with FB at all.

Website Sales

I’m not going to sell any of my established sites in 2016.  I believe it is now harder than ever to build a site that brings in recurring, passive income month after month.  So I’m always super suspicious of sales on places like Flippa – why are you selling this?!!  I certainly won’t be flipping any of my sites.  I’m holding onto them.  Even if they only make a little bit because I believe that will only gain more and more value as it gets harder and harder to make money from websites.

1 Comment

  1. I wish I could be an Amazon affiliate but I live in one of the States (Colorado) where Amazon doesn’t allow it. I assume it is due to my State’s internet retail sales/business tax laws. Great list. I will have to check some of the others out.

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