Table Of Contents
- 1)How to Make Money from Forex
- 2) Investing In Gold
- 3) Playing The Lotto As A Business
- 4) Starting A Day Trading Business
- 5) Make Money In Real Estate Investing
- 6) Make Money Currency Trading
- 7) Online Dating Business
- 8) Video Game Business
- 9) Make Money Playing Video Games
- 10) Starting A Online Poker Playing Business
1)How to Make Money from Forex
When someone talks about the financial markets, it’s something that most of us feel like we can’t get involved in.
It might seem like it’s only for dedicated traders and rich investors, but this isn’t true.
With online brokers, the financial markets are open to anyone, and you don’t need a huge investment.
This is great, because trading the markets is an excellent way of making money, and you can do it to any scale you wish, at any time, for as long as you want.
The foreign exchange market (forex) is the most popular market to trade in, and there are many ways of predicting market movement, from basics like the news to tracking complex charts.
There are several different financial products that are ideal for first-time traders and those who don’t want to invest very large sums of money.
You can trade forex currencies and CFDs or take part in spread betting.
Many traders will use all three methods to make money, but you are free to use whichever you wish, as no product is better than another; they are just different.
Spread betting and CFD trading are the most popular vehicles for trading, and they are very similar.
Neither of them requires actually owning any currency, but they still mirror the movement of prices, so they are still entirely attached to the markets.
They work on the basis of speculating how the price will move, and more money will be won depending on the degree to which the market moves in your favor.
CFD software is available through most good brokers. Trading currency means actually buying or selling the currency itself and then directly making a profit depending on the increase or decrease in the value of it.
All three products have their positive and negative points, so it’s very important to understand them all thoroughly before entering the market.
Fortunately, there is a wealth of information available on the internet, so you can find out exactly how they all work.
In addition to this, when you open an online account with a broker, you’ll often have the chance to try a demo account, which allows you to simulate trading the markets using real live data, but virtual money.
One of the main benefits of forex trading is that it can be traded on a margin, which means that the money you deposit is geared up, or rather you don’t need to commit the full amount of money to hold a position.
This can be as much as 100:1, which would mean that you could buy or sell 10000 units of a currency, but only have to deposit 100. This means that profits are amplified. The same does go for losses, however, and you can lose more than your initial deposit.
If you’re looking to make some extra money, the financial markets could be just what you’re looking for. You don’t need much to get started, and there is the potential to make serious profits.
2) Investing In Gold
Learn to Invest In Gold
Gold has been a commodity that has always been sought after.
Gold has been used for decoration, jewelry and even plays a great role in economies with its value.
Even technology has moved into using gold in many fields because of its special properties and many uses.
Gold has a rising demand today, and more and more people are realizing how profitable this kind of investment is, as long as you can position yourself in a safe and advantageous way, profits would surely be rolling into your accounts.
What You Need To Know To Start Investing In Gold
Getting started in this investment, you would need to have money to get started.
Buying gold is the most important part of getting started. Gathering funds to make these purchases is what you need.
Money cannot be easily acquired and the best way to get started is to save money from a day or regular job.
Having enough resources going into this investment is important, it would support you while you are still starting to earn from the investments you make.
Start out by buying gold in quantities that you can afford. Selling them doesn’t stop you from getting a profit.
You can hold on to your gold and sell them in the future, it has been proven that gold has never depreciated, its value always increases every year.
Opposed to currency, gold is not affected by inflation, the truth is gold actually is gaining a higher value with inflation.
Start making money by investing your money in gold. Investing in gold would yield its profits slowly but steadily, you can start out by buying and selling, and then hold on to some amount of gold to increase its value over time.
Just repeat this process until you can grow this business. Gold never losses its value compared to currencies and other commodities that are affected by inflation and other economic forces.
Investing In Gold Over Time
Start Investing In Gold Today When you have gotten the ball rolling with buying and selling gold, you can now establish a bigger capital in investing larger amounts of money to larger amounts of gold which would simply multiply the power to profit faster and increasing the value of your gold.
Other economists may say that gold would be outperformed by other equities in the long run, but you should also consider that gold works slowly but steadily, and with little or no risk of losing.
Bigger amounts of gold would simply bring higher profits when you sell them, you just have to be patient in this investment and you can be assured of profit in the long run, focus on increasing you gold values and amounts and returns and profits would surely be rewarding.
Patience and determination to profit is needed in this investment.
Recommend Resources For Starting to Invest In Gold
A Guide to Investing in Gold – Click Here To Learn More
This book reveals the reasons why and the methods of how to invest in Gold regardless of if you trade or invest in stocks, futures or forex. It is written in laymen’s terms, allowing investors of any experience level to comprehend.
I highly recommend you consider this book as your next step to preparing yourself to start Making Money Investing In Gold.
3) Playing The Lotto As A Business
Making quick money is simply hard to resist, it’s really easy to give in to the prospect of earning huge amounts of money in an instant.
This is the reason why the lottery is still a booming business today. A small price for a lottery ticket that could possibly win you millions is simply irresistible for some people.
It is all about getting the jackpot which would altogether change the way you live. But winning the lottery is not just the sheer chance of luck.
Sure it does need the luck to get you a win but making sure that the things you can control go into your favor would simply make the chances of winning and winning a bigger amount more probable.
What You Need To Get Started In The Lottery
To get started you only need to buy yourself a lottery ticket. Pick the numbers you like and bet for it.
Get some information about the draw dates and times so you could watch the draw and see if you have a winning ticket in hand.
It might be frustrating to start and go on and lose again and again. But patience always pays off, so never give up and give your self the chance to win it big.
In the lottery, it doesn’t need to match all your numbers to win a prize.
Getting the nearest match to the winning numbers could still win you prizes if not ultimately the jackpot which means the draw numbers match your lottery ticket numbers precisely.
Increasing Your Chances Of Winning The Lotto
If you still haven’t won some money up to this point in time here are some tips to get you better chances of winning it big.
Just to make it clear that your chances of winning are only increased if you buy more tickets thus getting more chances that the numbers you have chosen would come up in the draw.
The following tips get your chances better of winning bigger amounts when your numbers do come up.
The following are tips of picking the numbers that other people won’t usually pick making your winnings big because you don’t have other winners with the same numbers and thus sharing the prize.
Do not pick numbers that have already won (at least recently), chances of having the same winning numbers again are slim.
Do not pick numbers that have arithmetic sequences, many people like these sequences and there is a big chance that not only you do this.
Do not pick numbers according to birthdays, many people do this and because birthdays only range up to 31 more people choose numbers at that range.
Do not make patterns in your payslip, zigzags, diagonals, boxes or star-shaped.
Don’t even think that you have a new idea and would certainly bring your luck, remember that other people are also into these kinds of patterns and it would be better to stay out of them.
So now you’re asking how are you supposed to pick your numbers. The easy answer is picked randomly without being biased to the numbers.
Every random and pick without any consideration of anything and not associating it with anything or anyone, it won’t guarantee a winning number but it sure has a big chance of soloing out on a prize.
Buying more lottery tickets in more games will also help you increase your chances of winning.
Recommend Resources For Winning The Lottery
Learn more about how to win more playing the lottery with the Silver Lotto System – Click Here
This book will teach you a system that actually boosts your odds many, many 1000′s of times – and helps you get numerous multiple wins big and small. Works for lotto games Worldwide.
Click here to learn more…
This site lets you increase your chances of winning by letting you play in the leading official lotteries from around the World.
This is the only online service that enables you to actively and immediately buy tickets, check results and track your winnings.
4) Starting A Day Trading Business
Day Trading is the process of rapidly buying and selling stocks over a single day; which usually involves trading in stocks, stock options, currencies and futures contracts.
The traders who practice this form of trading are called Day Traders.
Day Traders hope that over the short period of time the value of the stocks they are holding will climb or fall which will secure for them a quick profit. They may hold the stocks for a few seconds or up to a couple of hours.
Day Trading is growing as a very popular form of trading due to the internet and increased accessibility to information.
Because of the amount of time involved most day traders work at this full time. At one time Day Trading was mostly used by financial firms, professional traders and some private investors by it is now widely used by casual traders as well.
What You Need To Be A Day Trader
One of the most important requirements is for you to understand the specific language used in Day Trading.
You need to instantly recognizable terms used in your day to day trading so that you comprehend the experts in this field.
You should follow the latest news and stock market reports. This will benefit you in your day trading ventures.
Maintain records of all your trades, and then you can learn to evaluate these previous trades and see the stock market patterns.
You will need a computer, good software with a high-quality chart program.
It is also an excellent idea to look for a mentor who has past trading experience and is willing to help you.
By joining a local trading club, you will meet other traders who can help expand your knowledge of the day trading business. This is a good way to pick up tips from other traders and ideas as well.
Growing Your Day Trading Business Over Time
Start Day Trading Today Learn how to book your losses and gains. Decide on what loss you will stop at even before you make an investment.
Start off by realizing that a number of small gains are a better strategy than going after one or two large deals. It is no good to be overly zealous about big profits.
Just remember that as a day trader you do not have to trade every day. The opportunities to trade are not available each day. You may miss some of them but don’t worry, your day will come.
Once you are well established as a Day Trader (short-term), you may want to branch out to different types of trading; for example, Swing Trading (intermediate-term) and Position Trading ((long-term).
The money market and the time you have available lets you choose the type of trader that works best for you. There are traders who use several methods at once but this would take additional time.
Just remember that restraint and clear headiness is vital to your success. Don’t let your profits make you arrogant or the losses scare you.
Day Trading has many benefits to offer. With time and hard work, you will succeed and make a very decent living as a Day Trader.
Recommend Resources For Starting A Day Trading Business
The Trade Secrets Manual & Video Tutorial – Click Here To Learn More
This comprehensive manual and videos contain all the necessary tools and strategies you need to successfully make money day trading. It works with all markets, from stocks to EFT’s. Learn from the author’s years of trading experience.
I highly recommend you consider this book as your next step to preparing yourself to start Making Money As A Day Trader.
5) Make Money In Real Estate Investing
Starting A Real Estate Investing Business
Getting started in the real estate business, as viewed by many people seems to be difficult. But as these misconceptions have been arising, you only need the patience and hard work in knowing this business to get the ball rolling.
Research and learning would be vital as a beginner in this field. Making good money in this field is certainly guaranteed and the amount of money is based on what you want to put into it.
Before you could get started try to evaluate your goals and set them properly. Are you looking for fast cash? Or trying to build up your child’s college fund?
Or just trying to stock up some wealth for your retirement? This way you’ll have clear goals and strategies would surface due to the focus you have to certain points that you are trying to achieve.
What You Need To Be A Real Estate Investor
Starting in this business surely needs an ample amount of capital, buying off or investing in properties would require cash to get it rolling and would later on grow and earn its value over time.
Obtaining your capital might be in the form of your savings, a loan from a bank or firm and either borrowing money from friends and relatives.
Another way is by looking for an equity partner. In whatever way you might obtain your capital, keep in mind that you’re going to this kind of business venture to earn so manage your resources well.
If you want fast cash and instant income, you may have a buy and sell strategy. Buying off bargain properties and then selling the contract right away to another investor.
This kind of strategy gets you a low profit but you could gain quickly, this could be one of the best strategies if you’re just starting out on the business.
Get going on this quick buy and sells and build up your profit for a better capital on larger investments.
If your goal is to get a stable income from your investment properties, take a strategy that gains you money from your properties, buying off property and letting it be rented for a stable flow of income monthly.
Buy a house or duplex and get it renovated to increase its value and then eventually increasing rental income.
Many investors enjoy thousand of dollars worth of income every month in this kind of investment.
Growing Your Real Estate Investing Business Over Time
After trying the first two strategies you should have a good amount of money that you could invest in larger properties. You still use the previous strategies on the larger properties and still yield a steady profit.
Achieving financial freedom would be attainable in this business; you would be in command and be your own boss.
But achieving these goals needs some understanding of the fundamentals of the investing industry. Don’t be daunted all can b learned with patience.
The strategy that would make you better profits but would take some time would be investing in a certain property and increasing its value over time.
Instead of rental income from properties, you transform them and increasing their face value over time. Some investors change it, for example, some investors buy apartments and change them into condominiums and sell for a better price.
Get some people to support your business; these people would ease your work so you could focus more on what is important for being active in looking for prospect investments and understanding the buying process.
You would want to get an attorney that specializes in real estate deals to give you some expert advice on legal matters, a Certified Public Accountant, an insurance agent and a mentor who has some experience in the real investing industry to give you some helpful pointers.
To be successful, you need to learn the market, how to locate property, inspect the property, negotiate your deal, contract to buy, finance the purchase, and close the transaction.
You can’t possibly learn all this at once; the only way you’ll ever be ready to understand is by actually going through all of it and experiencing it yourself, be prepared to take the plunge by doing your own research but as always: experience is the best teacher.
Recommend Resources For Starting A Real Estate Investing Business
This book will teach you step by step what it takes to be a great real estate investor, it will save you both time and money.
I highly recommend you consider this book as your next step to preparing yourself to start your very own Money Making Real Estate Investing Business.
6) Make Money Currency Trading
How To Start Trading Currency
The currency (foreign exchange or FOREX or FX) market exists wherever one currency is traded for another.
It is by far the largest market in the world, in terms of cash value traded, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions.
Learning how to make money currency trading is easy, Forex is one of the most promising and rewarding investments around.
Of course, there is risk involved and because you can trade marginally it is how to make money with Currency trading with the potential of making huge profits.
One benefit is the inability of investors to influence the market for their own gain. As a short term investor, you will need some patience and diligence.
Technical analysis and strategies should be part of your investment plan.
What You Need To Be A Currency Trader
If you are new to this kind of business and trading, the numerous terminologies, what it means and how you can go about making some profits with this kind of investment.
To get you started quickly you need to choose a reliable broker that allows and deals in ‘micro-lots.’
A ‘micro lot’ is a lot of $1,000 and not only is this advisable start to reduce the chances of very large initial losses, but there are also successful trading systems that take advantage of the ‘micro lot.’
After you have found a few Currency brokers that deal in the ‘micro-lot,’ take your list to the various currency trading forums on the Internet and either does research on each and every one of them or ask about them to see what other’s experiences were.
Eventually, you’ll narrow down to one currency trading broker that you will be able to get started with.
Now that you have chosen a broker you should familiarize yourself with the program they use to make trades, analyzing the market and other features it offers.
Most of them have tutorials and guides to help you get started and allows you to get trades for free. Use everything to your advantage before making any decisions in tossing your money in.
There are still some things to consider before making a cash investment. First, asses yourself and are extremely honest about how much you can afford to lose.
Second, do some research for some simple but effective strategies in being successful; it’s a great idea to check where you originally chose your broker.
Be sure you’re comfortable with that strategy and it’s an honest source. And lastly, if you have begun trading it’s very important to maintain focus in implementing the chosen strategy and disciplined enough to stick with it.
Implementing the currency trading system you have chosen would go a long way to make sure you make successful trades and make a profit.
Growing Your Currency Trading Profits Over Time
Start Currency TradingHere are some tips to help you make your business trading grow: first, Develop a better currency trading system – each system can help make more profits.
This is even more so when it is not connected to another system. Sometimes a trading system will just stop working for whatever reason.
Research is very important so improvement and development are continuous. You have to be innovative and should be able to adapt to new and better systems.
Second, Add more trader – each of the trades can only make so much. The trade will reach a point where their effectiveness is no longer of value.
You can also optimize the trades that you have been making by doing them more effectively. Getting coaching is a great way to improve and can be very beneficial.
Lastly, Optimize your position by meeting all of the objectives that you have set out. You must start by clearly drawing out what those objectives are for the business.
Too often this step is missed and it is quickly reflected on the profit margin.
Don’t expect to be able to pull off all three ways to make money with the currency trading at the same time.
It would really be great if you can do all three, but do not worry too much just knowing your weaknesses and points of improvement would mean you’re still in control and willing to make the necessary changes and steps to make it better and eventually get the desired profit.
Recommend Resources For Getting Starting With Currency Trading
Learn more about the course Forex Power Strategy and how to make money trading in the forex market – Click HereForex Power Strategy Course
Created By Jason Steele
This is one of the best currency trading courses to use and understand and great for people interested in learning to trade in the forex market but do not have a lot of time.
It starts with the basics of trading the forex market then, builds up to more and more advanced trading strategies.
I highly recommend you consider this forex trading course as your next step to preparing yourself to start Making Money as a Currency Trading.
Click here to learn more…
7) Online Dating Business
Starting An Online Dating Business
An Online Dating Business is a very profitable home-based business with plenty of clientele. There are over 35% of web surfers who are single in one way or the other; therefore, it is very likely that they are looking at some point to meet a soul mate.
It seems that it is getting harder and harder for people to meet and connect with each other. There is still that pressure to get married and have the perfect family life. This is felt by both men and women.
If you are considering starting your own business, an Online Dating service may be just the business for you to undertake. You would have all the advantages of being your own boss and running your own business as the results of a small investment.
What You Need To Be To Start An Online Dating Business
No formal training is required to start your own Online Dating Business. If you have enthusiasm, ambition, and good judgment, you could make your business success even without a capital fund.
In order to have a successful online dating business, you need to do in-depth research on online dating services, the market and what clients would like to have available on online dating websites or what they would like to see changed with these services.
After doing this, you should create a business plan. You could also attend success seminars for website businesses and online dating expos.
These are great places to obtain new ideas and to meet contacts. Read everything you can obtain on Online Dating Business.
Pick a unique name for you your Online Dating Business.
Next, create a website, keep it simple in the beginning. You can join an Online Dating affiliate program and place links throughout the pages.
An excellent source for obtaining free customers is through search engines.
Growing Your Online Dating Business Over Time
If you are willing to work long hours and be passionate about having a successful Online Dating Business, you will have a very profitable business venture.
But most important of all, remember that the consumer comes first.
A happy customer is a secret to your success.
Try to think of new ideas to make your Online Dating Website have its own exclusive appearance and ambiance. You will need to acquire skills to attract customers to your website.
As you develop these skills, you will create more interest thus producing more revenue for your business. To attract more interest you should continue adding new articles to the website.
You can do this by updating your current articles or adding new ones about the online dating scene, romance, love, relationships, and other associated topics.
This will have customers eager to return to your site; and in turn, they will encourage their friends to have a look as well.
What is important here is to see your venture all the way through and you will achieve wonderful success.
Recommend Resources For Starting An Online Dating Business
Learn More About Dollar Grants – Click Here
This is a membership web site that can help you get money to start your Online Dating Business from the US government. They offer help in finding out about thousands of dollars in grants and low-interest loans to help new businesses get started.
I highly recommend you consider this service as your next step to preparing yourself to start your very own Money Making Online Dating Business.
8) Video Game Business
Starting A Video Game Business
Starting a business in this new and rising industry is easy and you can make money.
The video games business is growing every year and will continue to grow as demand for video games rise but also as new consoles and platforms come out.
This is where video game rentals come in. Online video game rentals sites are sprouting up, but is still to be considered an infant in the business industry. Video game rentals offer a cheaper price for the game compared to buying it.
These video game rental companies are attracting more and more subscribers to their plans and are gaining profitability very quickly. Having a vast array of games old and new would is the key to attracting and retaining customers in the video game rental service.
What You Need For A Video Game Business
The best way to get started is by being a gamer yourself. If you have experience with games and consoles you would surely have an edge in the market for your knowledge.
Having a good amount of games to start with would also be an advantage. Start by acquiring as many games as possible, even old ones.
Getting games across every platform would also widen the scope of your renting service.
Acquiring games would require you to buy them, and add them to your library of games, but the best way to get you rolling is to have at least a thousand games in your library and start by putting up your website and letting customers rent your games with their payment you can now acquire more games.
Have a good team to support your business. More people that are also gamers like you would be of good help to support your new business.
Formulate plans for your service, subscriptions, rates and deliveries should all be on a competitive edge so you would not be outrun by other video game rental services.
Don’t forget to set up customer services for tracking, shipping or game problems that may arise.
Supply instructions, reviews, cheats, and community reviews to the public, online, so that gamers to make an informed decision on what to rent.
Provide different rebates and special offers for being or signing up as a member.
Growing Your Video Game Business Over Time
Advertise your service and site. Having this new kind of business is really rewarding with little competition but as the industry grows you need to keep up by providing better deals and a whole lot of advertising for your service to be noticed.
Gamers would also consider the time they spend playing your games and it sometimes does not fit their time schedules and they would feel that they have wasted their money on your service.
So providing flexible services to your customers could only spell more subscribers and gamers in favor of your site and service. Give consideration to the ‘occasional gamers’ and the play up to 6 hours a day’ gamer.
The gaming market is very big and diverse as more and more people are finding game consoles in their homes. Age and sex are not a boundary anymore so this business is one that has great potential to grow.
You can also get into selling both new and used games from your site and on the various auction sites to increase your video game business revenue.
Recommend Resources For Starting A Video Game Business
Learn More About The Video Game Suppliers Book – Click Here
This book provides both a complete video game wholesaler list and also includes all the knowledge the author has acquired over the past 5 years of running his own online video game business. I highly recommend you consider this book as your next step to preparing yourself to start your very own Money Making Video Game Business.
9) Make Money Playing Video Games
Becoming A Video Game Player For Money
Playing video games can actually earn you money. But even before you see some bucks pouring in effort still has to be involved, not to mention the hours spend playing the games depending on what market you need to cater to.
There are three ways that you can make money through playing video games: first is through MMOG (massively multiplayer on line games) being in a MMOG and setting up a business would mean you either go into marketing in-game items or you give a power-leveling service.
Secondly you can make money by playing and winning video games competition. And finally you can become a video games tester.
What You Need To Make Money Playing Video Games
The very first thing you’ll need to do is choose a game. Ideally, this will be a game that you’re already familiar with, but if you’re not familiar with any, then you’ll find that some lend themselves better to your purposes than others.
There are literally millions of people playing massively multiplayer online games, and their numbers are still increasing.
Some people in the game would actually pay real money for in-game things such as weapons, spells, etc. and even in-game currencies.
Being a video game tester is usually more steady way of making money playing video games.
Usually you would look for a video game company and test certain video games before they are released.
The good side of a video game tester is that the in come would be far more stable than the other methods here.
Also the income could be a bit larger then other methods. Being a video games tester may generate relatively high income, and ca be very consistent work.
The third method of making money in playing video games would be the trickiest one. Playing against other gamers in competitions is the hardest market to break open.
However mastery of certain games could give you a chance to surpass other player sin skill and a chance to win incredible prizes and have your name known across the gaming globe.
Video games competitions are incredibly competitive. Any serious competitor must train day after day, honing their skills with tireless practice.
The third method is a very hard way to make money, being continually tested by best players in the world in the world in major games that you choose.
Growing Your Video Game Playing Business Over Time
If spending loads of time on MMOG is what interests you and is comfortable with you then I suggest you could grow by working with a company that do exactly what you do which is play MMOG’s and earn from a virtual market.
One company, Internet Gaming Entertainment or IGE, has more than 100 full-time employees in Hong Kong and the United States who do nothing but process its customers’ hundreds of thousands of annual orders for virtual goods, the lion’s share of which average nearly a hundred dollars each.
In game testing industry, if you have established yourself as a tester you would now be in better shape to apply to bigger company, big-names that are now in need of more testers for their multi-million dollar games before it is released.
Showing off credentials of your previous bookings for game testing would be a favour at your side.
If you think your skills and mastery of a game is already beyond mediocre and ordinary, its time to find bigger competitions and start going on an international level.
The internet has an abundance of websites ready to cater players who believe their skills are already above amateur level.
Recommend Resources For Video Game Playing Business
To Learn more about becoming a Video Game Tester with Gamer Testing Ground – Click Here
Learn how to become a Video Game Tester and find out what companies pay players to beta test games. I highly recommend you consider this guide as your next step to preparing yourself to become a video game tester. Over six months of research was used to complete this guide.
10) Starting A Online Poker Playing Business
Can you really make a decent living playing online poker? People would usually say that gambling isn’t a job; you can never get a full-time living with online poker.
But more and more people are discovering that if they are good at playing poker they can actually get a hefty amount form playing and in turn make it a full time business.
Online poker has already been a good business for its accessibility; you can play anywhere as long as you have a computer and internet connection.
Playing poker for a living requires more than just your love of playing and winning. You need talent, patience, discipline, dedication and disposition to succeed in this kind of money making endeavour.
What You Need To Be A Online Poker Player
First thing to get you on track is to get a computer and internet connection.
Sign up for online casino poker sites and get started playing poker. If you’re a new player start out in small stakes games so you could have a low risk start.
Pick the rooms for newbie, and get used to the environment. Always remember that walking away is always an option. Don’t risk too much and get the feel of how playing in an online poker table.
There are any advantages in making online poker as a full time business for a living. You don’t have to report to a boss, you are your own boss.
You have command of how much time you spend playing/working. You could play anywhere around the world, even at the comfort of your own home.
In online poker you don’t get intimidated by another player because you can’t see them and their reactions.
You also don’t go waiting around for a table, online poker provides hundreds or even thousands of tables for you to quickly play.
Growing Your Online Poker Playing Business Over Time
When you start getting a hang of earning money from playing online poker, its time to raise the stakes much higher and get yourself some big bucks.
Don’t stop playing low stakes tables, keep on playing and winning at these tables to cover any losses in high-risk games. This way even if you play and lose on high-stakes games you wont lose that much.
Also remember that when playing online poker as a business even if its part-time is taxable, so you have to pay your taxes just as if it were regular income.
But moving out of the states would deduct a hefty amount from the taxes you pay. This is a way that almost eliminates most income tax but you must still pay your FICA and Medicare taxes.
One last thing to remember is to always have options other than playing online poker, in this kind of game its easy to win big but also lose it big fast.
So having alternative sources of income ready would not put you in hot water when bad luck strikes. Seasoned players also say that its also tiring to just play poker, it also gets very repetitive. So always take a break when you lose a number of games in a row.