In this world of the internet, if you are also thinking about how to become rich with the help of technology, then you have come to the right place. How can I get rich with technology The answer to this question is as easy as it is difficult because there are countless companies now and different companies are doing the same thing, you have to do better than them.
Please keep reading this post in its entirety.
All right let’s get this out of the way first since it’s the most straightforward way to use technology to earn money this has evolved so much in the past few years that even your grandma could sell mittens from her phone with little to no assistance.
E-commerce platforms have automated pretty much every part of the selling process and they made it stupid simple to sell anything a quick example of one market that skyrocketed during the pandemic was puzzles.
Those people who said they would take the time to learn how to bake bread and play the piano eventually quit and started buying puzzles left and right now that you think about it you could have made a website selling drop-shipped puzzles in one morning while drinking your coffee.
So the next time a situation like this presents itself which by the way is pretty much every day here’s a little help from us use Shopify since it’s by far the easiest.
2. Live Streaming
If you don’t realize live streaming is the next color tv you’ve been living under a rock with no wi-fi just look at the jump in twitch searches last year big manufacturers are also selling streaming kits to make the process even easier not that you would need that kind of tech.
But speaking of that have you ever heard of tubers now that’s a super cool way to use technology and content creation should we do a dedicated Post on that let us know in the comments.
Now it must be said that the competition is huge and you’re going after the valuable time of your viewer especially at peak hours what you do get however is a clear monetization system people subscribe you get paid.
To give you an idea of how profitable streaming is there’s this saying between professional esport players you reach the peak of your career when you go into full live streaming.
Are you in the cool kids club yet if you haven’t heard about clubhouse it’s the place where Elon musk schooled the robin hood CEO for stopping retailers from buying game stocks?
You might have heard the story if not look it up it’s a damn good listen since its initial launch clubhouse kinda dropped in popularity among users.
So why do we mention it well two reasons it’s still in the early stages so every time you get a chance to be an early adopter you should take it.
And two they just implemented a payment system where users can tip their favorite host with 100% of the tips going to the creator this means if you have something to say,
And you find a reason for people to listen to you clubhouse could be the perfect environment for you we actually made a dedicated video about clubhouse which you can watch by clicking in the top right corner.
READ ALSO: How to Change Country on Amazon Prime Video
4. Paid Subscriptions
Patreon only fans and substack are just some examples of paid subscriptions through these sites members can earn a monthly salary by receiving money from their members.
And speaking of only fans have you heard about the story of the mother who got her kid expelled from catholic school because the fathers found out about her only fans to account we wonder what the fathers were doing on only fans,
To begin with, by the way, the mother said she was earning around $150,000 a month on the platform another example is Jordan Peterson the Canadian psychologist
He’s a Patreon member too when he joined in august 2016 he was earning roughly one thousand dollars a month pretty soon after he was earning fourteen thousand dollars a month
And these days he’s earning roughly a million dollars per year through Patreon basically what these platforms are doing is giving a clear monetization plan for content creators
Yes we hear you we read the comments we’ve talked a lot about crypto the past few months but for a good reason, new world-changing technology is super exciting to us, and just ask the members of our bitcoin essentials course.
You’ll thank us later if you listen but this isn’t a point about buying crypto however it’s about making it there are two ways you can make crypto well besides literally creating your own coin.
But we won’t go into that one you can mine it and two you can stake it we’re pretty sure every one of you have heard of mining bitcoin and you kind of understand what it means.
But have you heard of staking your crypto to simplify the process staking is an alternative way of validating transactions in the blockchain network to simplify it even further you put your coins into one place,
And get interested over time think of it like putting money in a savings account and getting interested in return?
The most expensive NFTS sold is every day the first 5,000 days by beet bull for $69.4 million dollars but even paris hilton has managed to sell digital artwork for $17,000.
So how can this technology make you rich it’s the perfect answer to the copyright issue and a great way for digital creators to monetize their work plus,
It’s here to stay like gray Vaynerchuk said everyone will have their own NFTS project just like everyone has a social media account understanding supply,
And demand has never been more important but please be educated as you spend your time and money.
Also Read: Top 15+ Easiest Ways to Make Money
7. VR and AR
Virtual reality is still in its early days because the cost of entry is still quite high headsets are expensive plus you need a pretty decent pc to power it for digital artists however this can be the perfect place to set a foothold.
Like we said earlier anytime you have a chance to become an early adopter you should take it there aren’t that many VR developers running around.
But the industry is predicted to hit revenues in excess of 50 billion dollars by 2022 plus VR gear will eventually drop in price as the technology advances.
8. Internet of Things
If you’re a young developer the internet of things should be the only thing on your mind the term might be new to some of you but here’s a little bit of a story.
Last year or in 2020 if you’re watching this in the future google invested almost half a billion dollars in a home security company now why would google invest in such a seemingly random company.
They play the long game so what’s the internet of things and what makes this story so interesting the term refers to the network in which devices talk to each other it’s how you can pay with your watch or turn off the lights by yelling at a box.
Or how you can make sure you locked your front door from your phone now the google investment is starting to make sense isn’t it this network for devices or the internet of things will eventually be the norm.
So for developers knowing how this works and being able to bring value into this field will pay off big time and for investors, this should give you an idea of what companies to add to your portfolio.
Although not a quick high-income earner podcasting is a great way to make money online Leo Laporte earning $50,000 per episode on his podcast twit to Joe Rogan’s net worth of 100 million dollars podcasters make money through affiliate marketing sponsorship ad revenue courses services donations.
Or premier memberships as podcaster Jordan harbinger said most people that I know are interested in on-demand stuff podcasts are essentially audio Netflix.
10. Social Media
We decided to include this as the last point because there is something worth mentioning here social media gets a bad rap because people are straight-up using it wrong.
They either collectively hate something in a Facebook group or complaining about unrealistic body standards on Instagram what people don’t use social media for is to create an audience.
I mean at the end of the day that’s the whole purpose right connect people around a shared interest here’s the proper way to use social media in the description you’ll find a link to a medium article give it a read.
It’s about how a startup got to work with Snoop Dogg in under 48 hours with no prior connections which bring us to.
How can I get rich with technology The answer to this question is given to you by ten points. There is also an extra bonus for you.
Also Read: How the Rich People Avoid Paying Taxes
You probably heard about the whole GameStop saga by now if not look it up but this brings up something really interesting technology made it possible for individuals to get into the investment market in a super-easy way think about it you can go from not investing in anything your whole life to owning apple stocks in like 10 minutes the world is moving fast.