Today, we will see more than 100 plus possible ways to earn or make money online from the internet in Sri Lanka including questions and answers to most of the common questions related to earning money online from home in Sri Lanka or anywhere in the globe.
Some tend to refer to online earning opportunities as passive income methods, but if you learn & do it properly, you can do it full-time, forgetting about other offline methods! So ultimately achieving the dream of online jobs ( from internet) in Sri Lanka.
First, we will go through some of the general questions that you may have, related to Sri Lanka earn online money methods.
Is it real? Is it a legitimate way? Is it rightful to say that you can make money online while at home? These are some possible questions that might come to your head if you are very new to the internet or new to the internet money in Sri Lanka. Earning money online is a real, legitimate and reliable way as long as you learn it and do it correctly. Almost all the internet-based revenue-making opportunities require more patience than doing a regular offline job or business.
You will need a computer or laptop in most of these methods. For some ways ( that does not need much work to do ), you can even use a smartphone or tab.
Then the essential element is to have a stable internet connection. ( Incase if you do not have an internet connection, but you have a smartphone, You can activate hotspot features in your smartphone and use your computer/laptop. Make sure you get a data package to minimise the cost! )
You have to be 18 years or more to do most of the things that we mention here, but you can still do most of these things with the help of your parents. ( One of your parents can register and then you can work under his /her account. Always use parents details to avoid any mishaps ).
Below two requirements are not required immediately to start most of the things but good to have them as soon as possible.
Some websites tend to ask for identity proof and address proof documents. ( Scan/camera copy of your NIC, Passport or Driving License as identity proof while electricity, water or any approved utility bills as address proof documents )
Make sure to have a local bank account ( Any bank account with a SWIFT Code. Most popular banks like Sampath, HNB, Commbank, BOC, HSBC, Standard Chartered Bank and NDB do have a swift code ! ).
Create e-wallets like Payoneer, Skrill, Neteller and Paypal to send and receive internet money in Sri Lanka. ( Note: Local PayPal accounts cannot accept payments so that you will need an overseas-based account.)
Patience is one of the essential qualities that you will require to be successful online. I know, most of you do not have this skill. Don’t worry, if you still do not have this quality or lacks patience, follow these essential tips and you will be fine; Make yourself wait, relax and take deep breaths and forget about what others think. Then try a short meditation, if possible.
You have to perform hard and work smart, as well. Also, you may come across challenging times and sometimes minor failures to massive failures as well but never give up.
Reason for saying that is some of these online methods do take some time to make money or to become successful. Failure does not mean you are incapable of doing it; it is just a part of the learning curve. No human being will be successful without failures; failures open up new opportunities and help you to do much better. How many times did Thomas Alva Edison fail before he invented the light bulb? 1000 times! But he was successful at his 1001 or the next attempt. So never give up!
So without any further delay, let’s jump into the list.
What is a blog website, and what is blogging? Blogging is a popular method where you write articles ( information) and share them online using a blogging platform (e.g. WordPress or Drupal.) or website where users can view that information documented by you regularly and share online.
Will making a blog earn money? Yes, it is one of the proven ways. You can buy a domain name, hosting and then set up a WordPress based blog within a few days and start blogging ( write unique content do not copy/paste ). Then once you have about 50 or more articles with about at least around 6,000 visitors per month, you can apply for ad networks that will help you to make money with your blog.
I strongly suggest you to read “ How to create a successful blog “ article which will provide all the necessary technicalities to set up your money-making WordPress blog website.
You might still have the below questions in your mind, and some quick answers for you provided as well.
Then using the step by step instruction in the above article you can start your blog on WordPress platform ( You can use any other platform but this is easier to use. So stick with WordPress. You will thank me later for sure ! ).
You can also buy a super cool low-cost WordPress design from Themeforest to stand out from the rest! WordPress themes available from $13 onwards but make sure to purchase one with a good rating ( Some good wp themes cost about $45-$75) otherwise you will have a hard time using it in future.
Once you have enough traffic and articles ( as mentioned above ). You can apply for one of the popular ad networks called Adsense.
How to earn money with Google Adsense? Adsense displays text and image advertisements. So when your visitors view/visit those advertisements, you will make money. ( For god sake, do not click ads on your own, it will ban your account and ad network will not accept you again ). Also, you can try other ad networks too ( refer the blog creating article )
Make a blog website using WordPress cms and monetise with Adsense.
It is a straightforward thing. Once you set up WordPress, you can create new articles using ‘posts’ sections. Then you can use ‘pages’ section to create various other pages of your website(e.g. about us, contact page, etc..)
Unique and attractive content will get you more traffic with time ( so patience is needed ! ). More traffic means more chances to make money from your blog.
Some of the worst blunders that I have seen are some people adding copied content, giving up a website after a few months when they don’t see much income. So make sure you don’t make the same blogging mistake as above once.
Forex trading is one of the highest rewarding investments online but equally carries an increased risk. Unlike other earn money online methods, this is something that anyone can start immediately. Get basic forex trading knowledge, learn money management techniques, practice in a risk-free demo account and then finally you can trade in a live trading account. You can use ICMarkets, Tickmill, Deriv or FBS to trade Forex. It is 100% free to try using a demo account!
Here are some useful answers to forex and trading related questions for you;
Forex or FX is the short term used for Foreign Exchange Market. Forex trading is the process of buying and selling currencies in Foreign Exchange Market via a Forex Broker.
Any market will have sellers and buyers. So we have one like that in fx trading but more advanced. It is a decentralised market that consists of buyers and sellers of currencies worldwide.
Forex broker is a service provider that connects traders to the Forex market. Decentralised Forex market is where buy and sell orders take place.
You can use any regulated and licensed broker with a good reputation. We can recommend ICMarkets, Tickmill and Pepperstone as some of the best fx brokers for you.
First, you have to make sure the broker allows your nation, then check if it is regulated and licensed. Also check, if it offers a virtual money account ( or popularly known as demo account ). This way, you can get a better idea about the broker. ICMarkets, Tickmill and Pepperstone are some excellent forex brokers supported for any trader in Sri Lanka. I have created a complete list for you, Check our top forex brokers list!
1 A computer, laptop or at least a smartphone
2 Stable Internet Connection
In forex trading, most forex brokers offer MT4 / MT5 trading platform while some offer cTrader platform as well. Also, some use their unique trading platforms. You can try all these platforms free and choose the most suitable forex trading platform for you.
Tip: MT4 and MT5 are lightweight applications, So easy to use in any popular operating system. You will have to do pip calculations, stop losses, take profits on your own. On the other hand, cTrader is a modern platform that offers automated computation for you. It is easy to use, as well.
If you are going to make trades in shorter time framework’s, then it is always good to use brokers with the lowest spreads. So Currently, the best brokers that offer the lowest forex spread are ICMarkets, Tickmill and FBS.
Babylonians are said to be the ones who invented forex trading as per history, but around the nineteen seventies only the modern foreign currency exchange market was created.
Let’s see some more exciting questions similar to our above question ;
Can forex trading make you a millionaire?
Yes, but It depends on many factors.
Can forex trading make you rich?
Yes but It depends
Does forex trading make you rich?
Yes but It depends
Can you get rich off Forex?
Yes but It depends
Can you become or get rich from trading forex?
Yes but It depends
Can you get rich from trading forex?
Yes but It depends
Can you get rich with forex trading?
Yes but It depends
Can trading Forex make you rich?
Yes but It depends
Can I be rich with Forex?
Yes but It depends
Can I get rich with forex trade or trading forex?
Yes but It depends
Forex can make you rich or not. It depends as I mentioned above!
So in general, everyone is asking about getting rich with Forex trading right? Good news is that you can earn any amount by trading with forex money management techniques. George Soros, Stanley Druckenmiller, Bill Lipschutz, Michael Marcus, Andrew Kreiger and Paul Tudor Jones are some famous and successful Forex traders. If they can do it, you too should be able to earn and make your dreams come true! The sad news is that a significant number of individuals loses in forex trading. Losses are mainly due to greediness and lack of patience in most cases. So trade wisely, and you can be part of the flourishing trading segment!
Forex brokers organise online trading events from time to time, or some offer them regularly under various categories. Money, entry tickets ( for premium tournaments) or gifts provided to winners.
You can learn Forex from A-Z using our Forex School for beginners prepared specially for those who are interested in Forex trading.
You can trade at any time from Monday to Friday ( Saturday and Sunday forex markets are closed ). When it comes to hours, from 1.30 pm to 2.30 am is suitable for trading ( while you are in Sri Lanka ).06.30 pm to 9.30 pm is the best for short trades as both US and UK markets are active. ( all these time factors are based on +5.30GMT time zone and assuming you are in Sri Lanka. So adjust it accordingly, based on your geo zone).
You can use any of the brokers in our list ( refer our website Forex > Forex English Articles > Forex Brokers for You ). All those forex brokers are mobile-friendly.
Some brokers offer free live account to trade(some terms and conditions apply). You must have already come across or will see the following promotions from time to time.
Forex with no deposit bonus
Forex welcome bonus 2020 or 2021
Forex no deposit bonus without verification
Forex no deposit bonus $100
Forex welcome bonus $30
Currently, FBS bonus 100 (fbs123 or 50 no longer available) and Tickmill no deposit welcome bonus 30 are some of the popular bonus schemes in the forex industry.
Note: Some may not ask for verification of your forex broker account to get the bonus but for your benefit, please kindly have necessary documents with you.
Both ICMarkets and Pepperstone do not offer any bonus with no deposit or welcome bonus.
You can start trading with an fx broker as low as $1, but to be honest, you need at least a few hundred dollars guys!
FBS - minimum is $1
Tickmill - Minimum is $100
ICMarkets - Minimum is $200
Deriv - Minimum is $5
Patience, trading practice and sound money management habits will help you to be a profitable forex trader.
Below are some of the popular trading ideas. Some will be using a single type, while others will use a combination of many ideas to enter a trade. Therefore adopt a strategy best suited to you.
Simple Price Action strategies
Candlestick based strategies
Fundamentally based strategies
Bottom Line? Forget about what others say and earnings. Start a demo account with a broker from the list here (it is free) and start practising while learning from our website. Then trade in a live forex account. If you come across anything unclear, contact us or place a comment below.
What exactly is meant by dropshipping business, and how does it work? It is a popular method where you can sell products to potential buyers online via your website or a popular marketplace but without actually keeping products with you ( without any stocks with you ). You will be getting the products from a third party ( in this case, from the whole seller ) and that third party will be keeping stocks and sending products to your buyers ( with your details on the item such as business name, name, address etc.. ).
Here is an example to get a better idea ;
Assume you have built a website, and then you have placed several types of watches for sale ( or it can be even a marketplace like eBay ). A visitor comes to your page and buys a wristwatch with a price tag of $20. Now you have got a sale and need to supply the product to the customer. You will go to Aliexpress ( or chosen wholesaler ) and place the order for $12 on behalf of your customer. The wholesaler will send the item to your customer with your details on the product. That’s it..! You get $8 as your profit. Hope now you understood it much better.
You can refer to our ‘ How to make money online with Dropshipping in Sri Lanka ’ to learn more about how you can do dropshipping by using your website easily.
Here are some more possible questions and answers that might help you to get a better idea.
Dropshipping store is a products website or marketplace page where you are selling your products to potential buyers. You will be sending the product from the wholesaler, once you receive a dropshipping order from a customer.
What should I dropship?
You can sell any product online via dropshipping. Start with low cost and low-risk products like watches, fancy items and phone accessories, etc..
It is better to identify trends and sell products based on that, but in general, the best products are the one with the right profit margin.
eBay dropshipping is when you sell dropshipping products on eBay marketplace. ( some assume dropshipping means only reselling in eBay. It is a wrong assumption. Dropshipping covers a vast segment )
Same like above, but you are selling on Amazon marketplace.
So generally, the best way to do dropping is to sell products via your website or eBay.
Can you earn money from a youtube channel? Yes is the shortest answer. Youtube is the most popular video-sharing platform globally as well as locally with massive traffic across various segments. You will come across sites like Vimeo and Metacafe as well, but the leader in the industry is youtube. Youtube is one of the best ways to make online earnings in Sri Lanka using that traffic. You can create a youtube channel and produce video content ( useful to the public like places, foods, music, etc.. ). Then make revenue using Adsense ( once you reach the minimum criteria ) or sponsor advertisements or merchandise ( sell things like caps, shirts, mugs and bands ).
Here are some answers to earning with youtube related questions;
Yes, It is free to create a youtube channel. The only thing you need is a Gmail account, and you can create your youtube channel within a few minutes using your computer or smartphone ( Use the Youtube app in android or iOS ).
It is free. So no cost to start a youtube channel wherever you are in the world but to make videos; you need a device ( Camera and Computer or at least a Smartphone ). Most of the newcomers to youtube tend to use their smartphone for a start and then later, invest in professional cameras & other required types of equipment ( noise-cancelling microphones etc.. ).
How much money or profits can you make on youtube?
Zero to unlimited is the shortest answer for you. If you work hard and smart, earning money online with a 'youtube dream' of yours can be a reality, and you can earn a very high income from it ( One person made $26 million in a year. He is the highest-paid YouTuber 2019. So you should be able to earn from youtube too). If you sit and wait, you might not even make a penny from youtube!
Create a Gmail account, if you still don't have one. Then sign in to youtube with that account and then create a youtube channel.
Ryan Kaji, Dude Perfect, Anastasia Radzinskaya, Rhett and Link, Jeffree Star, Preston, Markiplier, DanTDM and VanossGaming are some of the highest-paid YouTubers according to media reports by Forbes. Ryan Kaji earned $26 million as youtube income. It is the highest youtube earning based on that same report for that year.
It varies based on the type of advertisements shown and your geographical location as well. Typically $1.5 to $20 per every 1000 views is the youtube pay rate. So How much do YouTubers make per view? About $0.0015 to $0.04 per view.
Varies a lot depends on your content and audience. Generally, you can make between $500 to $20000 for 1million views. For example; according to Youtuber 'Shelby Church', she made only about $1200 from a video with 3.9million views, while $40,000 from a video with 2million views. Therefore the earning potential for each video can vary significantly.
Youtube pays for views, not subscribers. So as long as you possess an active subscriber base, it will immensely help you to get more visitors and ultimately more revenue.
About $15 to $200 but you can make more with sponsor advertisements.
You can choose a payment method in Adsense to receive youtube earnings once you reach $100 or more. You can get your payment via bank transfer in Sri Lanka or anywhere you are residing at the moment.
Bottom line? Forget about earnings, choose a niche and do quality videos. You will be able to make revenue gradually.
You can join a GPT or PTC website to earn money while at home.
GPT stands for 'get-paid-to'. Some websites pay you for doing various activities such as paid surveys, videos to watch, ads to watch and join trials.
PTC stands for 'paid-to-click'. Some websites pay you for watching advertisements.
Two different things but most of the gpt websites also include paid to click advertisements and vice-versa.
It is offering PTC services since 2008. It is one of the oldest, established and genuine PTC websites that pay. NeoDev Lda company in Portugal owns it. You can make revenue by watching and clicking ads on sites like neobux using a desktop or laptop computer ( Neobux still does not support mobile ad viewing ). Also paid surveys, mini-jobs and mini-games available on the platform to make revenue but it is not easy to get the latter stuff that much as long as you are in an Asian country like ours.
Minimum payout is two dollars, and you can use Skrill, Neteller and a few other methods to receive your earnings.
The Swagbucks owner is Prodege. A California based marketing company and a very famous company in the USA. Swagbucks offer gpt type earning methods since 2008. You can make points ( called SB ) by doing tasks, cashback offers, surveys and similar activities. Then you can convert the SB's to dollars and get via Paypal ( The minimum withdrawal amount is $10 ) or redeem as Amazon gift vouchers.
The good thing is Swagbucks offers an android and iOS app. So you can use it while even coming to your office!
Formerly known as ClixSense and providing services since 2007. Prodege acquired it in 2019 and rebranded as ySense. You can start earning money by doing online surveys with ySense. Also, you can make by registering with websites, downloading mobile apps, testing products/services, watching promotions and completing tasks. Availability of activities for all these depends on your geographical location. If you are residing in Asia or Africa, you may not have many offers.
Minimum withdrawal amount in ySense is ten dollars and payment made to your PayPal account. Still, ySense does not offer a mobile survey app for Android or iOS devices yet.
PrizeRebel is a combination of both PTC and GPT models and offering services since 2007. iAngelic company in the USA owns PrizeRebel.
Be careful of PTC sites that popup suddenly as most of those websites vanish after some time (both locally and internationally).
You can make some extra cash but not that much unless you can build a strong downline/group. Paid to click is just a minor income-generating mode.
Like I said on neobux platform, most of the survey sites do not have many offers for the Asian or African market. So mainly what you can do is click ads or use cashback offers and build a strong downline with most of these GPT/PTC platforms to make a revenue.
Bottom line? Paid to click method sounds more comfortable to do right? But the amount of revenue you can make is realistically low. So probably use this as a last resort, if you are unable to do any of the other methods mentioned in the list.
You can do simple tasks in certain apps and make an extra income. Rakuten, Swagbucks and Money App – Cash & Rewards App are some popular apps of that nature. Give it a try and see.
You can sell stock photos taken by you on sites like Shutterstock ( One of the best stock photography selling websites ) and make revenue. They pay you for each purchase made by Shutterstock buyers. You can refer to the Shutterstock photo and image tutorial for more information on our website and start a photography business today itself.
Shutterstock is the best. You can also try other sites like iStock Photo, Fotolia, Dreamstime, Getty Images, Stocksy,123RF, BigStock and Crestock.
You can do it but make sure to read the terms and conditions of each stock photography platform as some may have certain restrictions. For example, if you tick the 'exclusive' option in a site means you can not sell it elsewhere.
Are you good at creating scripts? Then you can create website scripts and sell them on websites like Codecanyon, ThemeForest and even on your website.
Be sure to adhere to all the guidelines in each script selling platform and prepare all the documentation before submitting and make sure you are not copying an existing script; otherwise, your project may get rejected on submission. Also, you can provide support as a subscription and make a regular income too.
You can use Colombo stock exchange to make online trading in Sri Lanka that will help you to acquire revenue while at home.
Buying and selling of listed local companies shares online using the share market in Sri Lanka.
You can start it by choosing any of the Colombo stock exchange ( share market ) brokers that will provide an online trading platform. Also, you have to open a CDS account ( your broker will guide you).
You can use the Colombo stock exchange official website to go through the listed public companies in Sri Lanka. Here you can learn more about every local company too before investing in them.
You can use CSE official broker list to choose a share market brokerage company in Sri Lanka or refer the Colombo stock exchange brokers list below;
Bartleet Religare Securities, Asia Securities, NDB Securities, Acuity Stockbrokers, John Keells Stock Brokers, Asha Securities Limited, Assetline Securities, Somerville Stockbrokers, J B Securities, Lanka Securities, Capital Trust Securities, S C Securities, CT CLSA Securities, First Capital Equities and Nation Lanka Equities. Choose a Sri Lankan stock market broker with a low minimum deposit and good customer care.
You can make revenue by capital gains or as dividends.
Capital gains; When a share that you bought rises in value, you can sell it and make a profit. Example: say you bought a Sampath bank share for Rs 128 and by next year it rises to Rs 160. The difference of Rs 32 will be the capital gain and your earnings.
Dividends; When a company makes profits, and if they can pay the shareholders too from that profits, they will make a payment quarterly or annually. For example, Dilmah Ceylon Tea Company PLC paid Rs20 per share in 2020. So if you own 1500 shares, you will be making Rs30,000 as income ( 1500 x Rs 20 ).
You will need to deposit at least Rs50,000 to Rs100,000 to use the online trading facility to buy and sell stocks. If you are looking for trading without that online facility, you can even start with Rs 1000. So which method is best? The online system. So always go for the online-based system, and you will thank me later!
( Note: Heard some brokerage firm seems to be asking at least 1million as the initial investment. You do not need that much as a newbie if you are with small capital. Probably those firms are not interested in small players. To trade using a broker that allows you to deal with about Rs50k - 100k.)
When it comes to trading, losing is also part of the learning cycle. So to profit, you have to minimise the losses and make more winning trades. Also, be sure that you are good at analysing companies and charts before jumping into the Sri Lanka stock market. Example of losing money in stock trading; Say you bought a share for Rs200, but you are selling it for Rs100 ( as the market is going down or you are in an urgent need of money). You lose Rs100 for each of that share.
It can be classified as a high-risk investment as high price movement can result in loss of your asset value ( in this case stock value ) and may take many years to recover in some instances ( or you will have to sell with a loss ). So basically, you have to understand this scenario and trade with an excellent understanding to make profits while minimising the losses.
With forex trading, you can make profits much easier than stocks ( using proper money management methods and careful analysis of asset charts ) as prices move in both directions in many assets regularly. Also, you can make good revenue with small as $200 - $1000 investment in forex trading. When it comes to the Sri Lanka stock market, making good profits from buying and selling stocks is not that easier with a small investment ( that you can risk ) and less knowledge of local companies most of the time.
If you can wait for a lengthy period ( hoping for the best ), stock market trading is also not bad. ( Note; Do not invest money that you cannot afford to lose in stocks, trading or any business. Because any investment or business carries a very high risk though they open the path for immense profits for you. )
You can make money by writing articles online from home. High-quality content writing in Sri Lanka is one of the popular methods and carries a high demand as well. You will have a good opportunity If you are good at unique and creative content writing in areas such as technology, healthcare, travel, tourism, modern agriculture and day to day things anywhere in the world.
Here are some useful questions and answers related to your writing industry which may be helpful for you.
As you are good at content writing, you can start your blog ( A website with useful information ) and monetise it with ad networks or sponsored content. Also, you can add an online store to maximise your income from the blog website.
You can find various freelance content writing jobs online in Sri Lanka or any country. Just contact some of the popular websites/companies that may give you a chance to earn money by writing articles for blogs, product reviews ( Amazon, eBay), stories, fiction, poems and, essays, assignments and thesis online. ( Verify your grammar and sentence structure are impeccable as most reputable businesses will be interested only in high-quality content writing services ).
You can introduce yourself via email and ask if they have any content writing opportunities. - Don’t add any links or attachments in your first email. If they are interested, they will ask. Then in your next email, send the links or documents for reference.
Another way is to have a website, social media pages and classified advertisements to reach potential customers. Joining freelance websites like Fiverr, freelancer, and Upwork ( formerly known as odesk ) marketplaces will help to find content writing offers as well. The only drawback in marketplaces, as mentioned earlier, will be the high competition, as you will have to bid to get any writing orders.
Some find it hard to create a resume and cover letter when applying for jobs. So you offer cv writing services online in Sri Lanka and make a good income.
If you are good at presentation, assignment or thesis preparation, you can help those who are struggling to make them and make an extra income while at home. Earning money doing contented based projects online is a trending thing among good unique content writers worldwide.
You can post an advertisement in popular classified websites ( in Sri Lanka or overseas ), and using them you can get potential customers. So then you can earn money by completing their assignments or presentations or thesis.
Most of the popular website’s offer various contests and tournaments from time to time. You can use these opportunities to make extra income. Example: forex tournaments, logo contests or photo contests.
You can do website design at home. You can get projects from freelance websites such as Upwork or Fiverr.
If you are good at SEO or search engine optimisation techniques, then you can offer your services online. Online business will love to get your SEO services if you have the necessary skills to help their business in search engine rankings.
You can offer search engine marketing services to make online income. Learn the skills in online sem advertising, and you can make it a profitable business.
Well, making videos is not an easy job like the things we mentioned earlier. You will need a pc with requirements to run video making professional applications such as Adobe premiere and after effects etc. You can start an online video production service if you have a video editor compatible computer and you are extremely good at making videos. Make sure to have an attractive video portfolio to show to the customers as well.
You can make Whiteboard & Animated Explainers to online businesses and get income just like the above method.
You can make video reviews for products, services or companies.
If you have a clear voice and good with your language, then you can offer voiceover service online.
If you are good at composing songs, then you can find potential customers using websites like Fiverr or music-related websites.
If you have the skills to read horoscopes and related things, you can do it online.
You can become a virtual assistant while at home if you are good at things like computer-related stuff or any help you can provide virtually. Let me give you some examples.
Someone may need help when using a smartphone for the first time, using an app for the first time or printer not working due to a spooler problem. In all these case, you can help virtually.
You can offer data entry services via freelance websites and also get data entry work from other websites that offer such work. For Example, a company that has a hard copy of a document may need a softcopy readable through Microsoft office.
If you are good with popular software applications ( desktop and online ), you can provide support online using various applications like Skype or Teamviewer.
Suppose you are good at creating simple to more complex creative logos. You can get projects from leading freelance websites or from companies. Be sure to have a portfolio of your logos (If you do not have anything to show, create a few samples to showcase!)
Any business will require loads of design work as promotional materials. You will be able to provide graphic design online using your website or by joining web portals that offer design work that you can bid and take. Examples of such sites are Fiverr, Upwork and Freelancer.
You can sell vector images on sites like graphicriver or Shutterstock. Make sure you follow the guidelines in each portal before submission.
If you are an experienced 3d modelling artist ( Don’t get confused with modelling! This is about making 3d designs using an application such as 3d Max and Maya), you can sell your 3d work online in sites like cgtrader. Just make sure what you submit is your work, not the work of others.
If you have the basic knowledge of Cpanel based hosting accounts and ability to troubleshoot minor web hosting matters ( for severe issues, you can get help from your upstream web hosting provider), then this is for you. You can start your online website hosting business by using a reseller hosting account. Get a reseller hosting account from a reliable web hosting company like A2Hosting, then sell it to your customers with a profit by creating multiple Cpanel accounts in that reseller.
Same like a basic cPanel hosting account but you get a few extra features such as WHM( web hosting monitor application with your hosting account ). WHM is an application used to create hosting packages, multiple Cpanel accounts, and then sell web hosting packages online to your customers.
You can use a premium billing application such as WHMCS ( this is the best as most people are well aware of it than any other web hosting billing software ) or Blesta to automate your reseller web hosting business.
As long as you get a good reseller account from the companies mentioned above, you will get good customer support from them. So if you come across any significant issue from your customers, you can get help from your upstream server provider ( Please do not misuse it).
Also, get familiar with basic things in web hosting and web hosting related issues ( Example; DNS related issues, error codes and SSL certificate installations ) to provide better customer care. Unlike other industries, if you provide unstable servers and poor customer service, they will migrate to a different host as this is a competitive industry.
Some companies are looking for social media accounts for their promotional activities. You can buy and sell your business accounts using social media groups or classified advertising websites in Sri Lanka or overseas.
Same as above, businesses are looking for social media pages with an excellent fan base. You can sell fan pages and make revenue too.
Do you have a social media group with a huge fan base or groups with a decent number of enthusiastic fans, but you do not have time to manage it? Then you can sell it for someone interested in it and lucrative income.
You can sell mobile gaming accounts too. You can sell it using various platforms. Optionally you can sell it using the connections ( friends) that you make in the game as well because some will be on the lookout for a second or third account or probably an account for his brother or sister! ( Tip: Most of the time this works with strategy type games like Clash of Clans, Vikings, Clash Royale, Rise of Kingdoms, etc.)
Are you familiar with all major social media networks and marketing channels in them? Then this is for you. You can check with companies directly and look for opportunities. Some times you can do this on a part-time basis or full-time basis at home as well.
You can discuss with other online stores and acquire unique coupon codes for your website where you will get a commission for referred potential customers. Coupon ideas are suitable for someone with good marketing skills. Example of a popular coupon website is RetailMeNot.
You can start an online news website ( same way like doing a blog but with a bit of layout adjustment ) and build traffic using social media. Then you can either use an ad network ( refer blog writing section for more details ) or get advertisements from local companies.
Same like a news website, you can start a gossip website and make revenue using various ad networks.
You can start an online radio and stream it using social media. You can earn by promoting businesses and products quickly. (Tip: Make sure to build the right audience before looking for potential advertisements.). Interact with your fans regularly to make a better fan base.
You can start an online tv channel using various streaming software. It is way less expensive than running a normal tv channel. You can stream your tv channel using social media or your website. Same like with radio, interaction with your visitors is essential to build a strong fan base. Then you can get earnings the same way as in an online radio channel.
( Note: Make sure, if your geo zone requires any license to operate an online channel for both tv and radio )
You can start an online shopping store using platforms like WordPress, Shopify or similar media and start selling online targeting Sri Lanka or any geo zone of your choice. It is better to get it created from an experienced web designer ( You can get it done for about Rs50,000 to Rs 200,000 from a good designer ) when building your shopping store.
You can use bank deposits, payhere ( Popular online payment gateway among small businesses in Sri Lanka ) or any bank gateway. Bank gateways may require you to have a registered limited liability company So you can use a payhere gateway as an alternative. You need only a sole proprietorship registration ).
You can use Paypal service as long as you can receive money to your Paypal account. Also, you can use ezcash, mcash as well as cash on delivery or cash on pickup ( latter if you have a physical location).
It is an easy thing. You can do any of the latest techniques below or a combination of all these methods.
a) Send the goods via EMS Post via your local post office ( this is cheaper, and some say delivery is also faster in most areas )
b) Send the goods via a local courier service company. Pronto, PromptXP, Domex, Certis Lanka and Citipak are some popular courier companies. All these courier companies have both positive and negative reviews. So choose the best one in your area ). If you are planning to send the goods overseas, you can use DHL, TNT or ups.
c) If you have a bike, trishaw or a vehicle with good fuel consumption, you can deliver around your area to reduce expenses as well ( long-distance once you can send via ems or courier )
d) You can use ‘pick up from the shop’ facility, so customers can come to your place and collect the item. So no additional cost for customers as well.
You can create a platform for buyers and sellers. Aliexpress and eBay are some popular multi-vendor platforms globally, while Daraz is an example that operates locally.
Best would be to use a coded script from scratch using modern coding languages and techniques or use a multi-vendor ready-made script like CS-Cart.
You can use any cms platform like WordPress or Joomla, but these platforms will not be the best for a multi-vendor store as they are not explicitly for such stores.
These eCommerce platforms are ideal to start your online store but not that suitable for a project like business to business platform.
Mind you; this needs a lot of effort and adequate capital to invest in things like servers, unlike shopping stores or websites. The reason is web-based systems of this nature require loads of resources when traffic grows. So shared hosting or basic reseller hosting won’t be enough. You will need a high-end VPS or dedicated server for the multi-vendor store.
You can act as the middleman between sellers and buyers of brand new or used vehicles. You can do it during your free/spare time too but make sure you know about the cars, or you will have a hard time with both parties!
You can become an online property broker in Sri Lanka ( If you are in a different country, check whether you need a license to become a property broker. Some of the countries do not allow you to do it unless you have a permit to operate as a real-estate broker ).
What you can do is find properties for sale and property owners willing to offer you commission for a successful sale. Next thing to do is to post an advertisement.
You can sell online using premium and free classified advertisements websites in Sri Lanka. Ikman.lk, hitad.lk, lankapropertyweb.com, weladama.com, Sambole.lk etc. in Sri Lanka while you can use sites like gumtree in the UK and Australia ).
Is there anything that you didn’t use for a more extended period? Say for the last 5-10 years? You can sell them using classified websites or social media online to make money. Then probably can buy something useful to you with that.
You can collect emails using legitimate ways and then sell them to companies looking for email databases. Why do companies need email databases? Any company that depends on customers from the general public will love to have contact details so that they can promote their product or service.
( If you are residing in a country with strict data protection rules and regulations, please kindly check them before doing anything of this nature. Example; Europe)
You can review apps and make revenue. First, contact some of the app developers, and you will be able to find such opportunities. Make sure you test the app properly; otherwise, it will harm your profile, if the app does not work as stated by you.
Some websites would like to have reviews on specific platforms. So you can grab this opportunity to make extra revenue.
If you are very much addicted to games, this might help you to make some extra bucks at home. How can I find game testing opportunities? You can inquire from desktop or mobile smartphone game making companies, check game developers websites or social media pages.
If you are good at finding errors/bugs in mobile apps and have skills in checking the usability of an app even by a non-specialist, then you can turn your talent into money. Contact famous app makers and look for any app testing tasks.
Same like games or apps testing. Check with website development companies for opportunities.
You can buy and sell domains using Flippa or even use domain registrars ( using a parked page and adding your offer to that domain that you are going to sell ).
Say you buy a domain name for 12 dollars. Then you sell it for 30 dollars. You make 18 dollars as your profit margin. Above is just a simple specimen for you.
Below are some of the most expensive domain names ever sold on this planet!
business.com – 345 Million Dollars ( 2007)
insurance.com – 35.6 Million Dollars ( 2010)
voice.com - 30 Million Dollars ( 2019)
insure.com – 16 Million Dollars ( 2009 )
360.com – 17 Million Dollars ( 2015 )
internet.com – 18 Million Dollars ( 2009 )
Various factors affect it. Shorter and common names are generally expensive even at registrars, For example, two-letter .lk domains cost Rs 25,000, and three-letter domains cost Rs 10,000. In contrast, four-letter and above domains are only Rs 3000 to 5000.
Also, the shorter names are straightforward to brand, market and remember, unlike longer website names. So more concise formats are the once ideal for earning money by selling domains online.
You can create a blog website, build quality traffic and then you can sell for a higher price. For example, TechCrunch blog founded in 2005 sold for $30 million in 2010. Another example, Livejournal founded in 1999, Sold for $25 million in 2007.
You can also create a customer-based business website ( A site that provides a service or sells products online ), get loads of customers and then sell for someone interested in acquiring your business. For example, Site5 web hosting service provider sold for $36 million.
Also, you can buy potential websites, blogs or eCommerce websites and then sell it later on with profit. For example, some local online stores acquired by popular companies sold them later for reasonable offers.
How to sell your website online? How to sell my website? You can sell your website on flippa same like domains. Also, you can sell it directly by yourself using advertising media.
Here are some of the famous and most prominent online website sales.
LinkedIn by Microsoft ( $26.2Billion - 2016 )
YouTube by Google ( $1.65Billion - 2006 )
Geocities by Yahoo ( $3.6 Billion - 1999 )
Tumblr by Yahoo ($1.1Billion - 2013)
Bluehost by EIG( Unknown - 2010)
Hostgator by EIG ( $225million - 2012)
So you can do it too! Build a good brand and sell it for a fair offer when the right time comes! Also, you can act as a broker between a website owner and an exciting party in acquiring the website, which will give you some good money online.
You can create apps and monetise with ad networks similar to a website. Also, you can add in-app-purchases to make further revenue. Example, To speed up a castle upgrade in a game app, you can offer speed boosts for a few extra dollars. Most of the strategy type games are making millions using in-app purchases. One of the significant expenses with these games is the high cost of high-speed game servers to minimise games getting slower. It will help if you purchase good servers to prevent lagging in games.
Same like a website, you can buy and sell smartphone apps & browser-based apps using flippa or other online methods. Some possible app-related questions.
How to sell a unique app idea to Apple, Google, Facebook or any Company? You can contact these popular companies or any other company. If these organisations are interested in your concept, they may purchase it from you or invest for your app as well.
Just don’t contact those parties with ideas that are already existing as it will be a wastage of valuable time for you as well as companies. Come up with something unique and useful for the society that can help the company to profit ( or gain the upper hand over its competitors) as well. For example, Instagram was not making revenue when Facebook bought it in 2012, but they acquired it to have the upper hand over its competitors.
If you have years of experience and knowledge in a particular field related to business and management, you can provide professional guidance and advice. For whom to offer my services? To individuals and companies that need it online as a consultant in Sri Lanka.
You can even set up your own business or management consulting firms in Sri Lanka and offer consultancy services in Sri Lanka. Consultancy is ideal for someone with years of experience at top management in any established private company or government organisation.
It depends on the firm and your degree of expertise. Say you have 15+ years of experience, and a successful individual in that particular field, any business consultancy firm in Sri Lanka or overseas will love to have you with their team at least on a part-time basis. So feel free to contact local and overseas consultancy firms via their websites for consultancy opportunities.
If you are good at writing a book related to any field, this is for you. Write it and then sell your hard copy online using your website, social media, Amazon,eBay and classified websites. You can deliver it using courier services or government postal service.
You can write a magazine similar to making a book. Then sell online.
Rather than printing books and delivering, you can make soft copies. Then sell the soft copies, same like selling a hard copy online.
(You can offer an instant download facility as well. So the client will be able to get access to the book instantly as well.)
Same like an ebook, you can make an eMagazine with a monthly subscription or per copy basis payment method. Promote same way like ebooks.
Same like a business consultant, you can become an IT consultant online. Generally, you can offer services in various categories under IT (example; Database)
Many people struggle when it comes to marketing, so if you are good at marketing. Online marketing is for you.
Teaching marketing to someone is not that hard ( as long as you know the subject very well) but getting him genuine leads and sales is fantastic, right? If you are good at lead generating and them converting most of them to sales. Then you can offer this service online on a part-time or full-time basis.
You can get jobs that allow you to work remotely.
Remote jobs are one of the hardest things to find because of the high competition but give it a try. Here are some job sites that you can use to find potential remote jobs; Flexjobs, We Work Remotely, Solidgigs, remoteok.io, Remote.co, Virtual Locations,PowerToFly,Staff.com, Working Nomads, Jobspresso, Europeremotely, Jobscribe,wfh.io, Outsourcely, Indeed, Idealist, The Muse, Authentic Jobs and Landing. Jobs are some websites to get a remote job. Also, you can use local portals like topjobs.lk,ikman.lk,cv.lk,hitad.lk,siyalla.lk, weladama.com, etc. to find job opportunities ( remote jobs will be scarce in local portals )
Are you good at teaching languages such as English, Sinhala, Tamil, French, Korean or Japanese? or subjects like Maths, Chemistry, Physics, Biology, Business Management, Accountancy, Economics, Religion, History or Geography? Then you can join popular teaching portals or start providing online teaching via your website. ( You can use free classified portals and social media to get leads as well )
If you are fond of teaching for kids, you can offer tuition for school kids online.
You can make and submit podcasts to popular podcasts website and earn revenue using ad system on those websites. Also, you can make revenue by creating podcasts for others.
If you have some unique idea or something useful to society, you can make a project plan and then raise funds using popular crowdfunding platforms online. You can try popular crowdfunding websites like Kickstarter or Indiegogo. Then once you have reached your crowdfunding goal, you can make money with your business.
If you are good at making a unique, tasty recipe, then you can sell the formula to food-related websites, YouTubers looking for new and unique food recipes.
Are you a guy that makes unique documentaries or you are good at making them? Then you can sell them to online media channels or YouTubers.
If you have done some unique and useful research, you will be able to sell it to various parties online.
Selling foods is something that someone loves to cook can do (Ideal for those who are at home, good at making tasty dishes!).
How can I do a home-based food business online?
a) Identify what you can prepare ( main dishes, short-eats, sweet or food for events), the area you can cover and then start it small.
b) Setup social media pages ( preferably Facebook and Twitter) and include the products you are going to sell. Build an audience step by step and promote it.
c) You can deliver the foods to potential customers in the following ways quickly; Using your vehicle or using a trishaw guy. If you are around areas covered by uber eats app, you can join the uber eats, and they will deliver it for your customers(customers that come through uber eats app)
d) Once you get some customers, get a business registration and also upgrade your business by building a professional website ( you can get it done for about Rs20,000 - Rs50,000 from a web designer in Sri Lanka)
( Please follow acceptable standards of food hygiene. Also, follow guidelines from PHI in your area. If you are in an overseas country, please follow the guidelines in your country as some nations have strict rules when it comes to food hygiene. )
You can become an influencer on popular social media and build an active fan base. Companies will happily give you paid content to post as many companies (both locally and internationally) looking for ways to get leads.
You can make revenue by renting your property using Airbnb booking portal
You can use shortening URL websites below to earn income.
Shorten the URL and start sharing ( Please read guidelines on each website. For Example, shrinkme and shortzon do not allow Facebook or WhatsApp traffic. ). The process may not generate a significant amount. Still, you can make some money with URL shortener sites.
Paypal and Payoneer are the primary payment methods. Also, some offer bank transfer, Skrill and WebMoney as well.
You can prepare and sell teaching materials on sites like teacherspayteachers.com
You can sell insurance packages online for both individuals and corporate businesses.
If you are good at providing investment advice, then you can offer financial advice online for a premium fee.
You can offer loans online using your web system or a combination of the manual-automated method. Already few companies in Sri Lanka offers quick loans in this way ( You may need a registration to in most geo zones )
You can teach Yoga online to those who are interested in Yoga.
You can offer spiritual teaching for those who are looking for one to one spiritual teaching.
If you are good at online promotional activities, you can promote affiliate products like Clickbank ( Make sure to get Click Bank University access so that you will learn the process from A to Z ). Make sure to follow all the instruction provided and strictly adhere to them.
Dating consultancy may sound a bit crazy, but to be honest, some individuals may need help when it comes to dating. So if you are good at it, this is for you.
You can offer wedding consultancy online for those who are planning to have a wedding soon. You can use your website or use any third-party platform as well.
Same like above, you can provide advice to newly married couples or couples that are having various kind of issues where they need advice from a professional.
You can write professional content in English for other websites to make a revenue as some sites are willing to pay for quality unique content. For Example, you can try Listverse. You can submit 10 item lists, and if approved, they will pay you $100 via Paypal. You can also try Write For IL, Fundsforwriters, Write for ALA, CopyBlogger and Medium. Make sure you do not abuse these websites; only submit your unique content.
You can provide language translation services which have a very high demand worldwide.
You can provide editing and proofreading documents.
You can make a dating platform and make earning using a subscription-based model.
You can sell valuable antiques online using your website or classified platforms.
Some ancient coins have high demand, So identify them, and you can sell on popular platforms like eBay.
You can make a file-sharing website ( as long as you can afford to invest for high-end servers). Then you can offer a premium package, subscription-based model or use third party advertisements to make an income.
Same like the above method, you can make a video sharing portal.
Same like the file sharing, you can make a file converting website.
Some small startups will require ways to showcase their products using models. For Example, a small clothing store will need individuals to wear their products, and after that, they will use them for promotional work.
Clickworker is an online platform that provides tasks for individuals based on their qualifications and skills. It is free to signup, but you have to complete short assessments and get good results to be eligible for tasks.
You can join Answering platforms like JustAnswer and provide solutions for those who are having various types of questions/issues.
If you have travelled around many places or familiar with many locations (locally or internationally), this is for you.
You can offer travel advice for those who are planning to go to a place (that you have already visited or familiar).
Also, you can teach them about local rules and regulations to follow, about accommodation facilities and activities to do around that place.
For whom can I provide travel advice? You can mainly offer travel advice to busy individuals such as doctors, engineers and anyone with a busy life schedule.
If you are good with analysing various data, you will have a good chance with most of the companies that are looking for data analysts to work on a freelance basis. Companies use data analysis to identify the current situation of their business, expand their business or to make crucial decisions.
When it comes to agriculture, many Agri-sector individuals or organisations come across various issues or needs numerous technologies to operate. So if you are in the Agriculture sector, you can offer specific advice online. For Example, you can provide organic farming techniques to vegetable farmers or a solution to a pest infection.
You can invest online using crowdfunding platforms and make a profit share.
You can make a bidding platform locally to buy and sell products. You can make a revenue as a middleman.
You can help individuals to fill university admission applications and make a revenue, especially when students want to apply for foreign universities.
You can offer validation of documents such as University degree certificates or any legal document online.
If you have an excellent 3D Printer, you can offer the services to companies that are looking for 3d printing service.
To reduce inhouse cost in companies, they tend to outsource project management. If you are a professional project manager, then this where you can come in and fill the gap remotely. You can find remote project management work on most of the freelance platforms and job platforms.
Below section includes some of the professional types of jobs that you can do online to make revenue at home on a part-time or full-time basis but requires a license or a registration.
If you are a registered and a licensed doctor in Sri Lanka, you can provide consultancy services by joining popular healthcare-related portals or offer it via your website. Also, you can do online doctor booking service in Sri Lanka using your website as well.
( If you are residing in a different geo zone, you may follow the procedures as per that countries healthcare system.)
You can provide one to one consultancy services that do not require physical attention. Example: If a person says he is suffering from stress, you will be able to provide him with a solution.
Suppose you are a registered lawyer and has a license to practice, Then you may offer legal services online to individuals. Example: Advice an individual regarding a motor traffic violation or personal dispute.
Suppose you are a registered lawyer and has a license to practice, Then you may offer legal services online. Example; you can provide consultation for a firm that has a brand dispute or problem with an employee.
Suppose you are a professional accountant, you can offer accountancy related services like preparing balance sheets, profit and loss accounts etc
Suppose you are a registered accountant and an auditor, you can offer auditing related services.
Suppose you are a professional and licensed architect, you can offer architectural engineering services online to individuals or companies.
Are you are a veterinary doctor? Then you can offer some veterinary services like meal advice that will be needed by pet owners.
You will have to work using the skills that you possess or invest to earn money online unless you win a lottery ticket, prize or get money from your parents. 😀 Earn money online is not a get rich quick scheme like some says. You need to put some reasonable effort, guys!
It is possible to do online money-making in Sri Lanka without a significant investment. You can do things like freelance work like content writing, translation work, graphic design. Also, you can participate in free forex trading tournaments without any investment to make money online at home in Sri Lanka or anywhere.
If you do not have a job, but you have money with you, then you can invest and do forex trading, start a blog, start a youtube channel or any similar online earn money in Sri Lanka.
If you do not have a job and if you do not have money as well, then you can try most of the free methods like free forex trading tournaments, become an online tutor or join freelance websites.
Also, you can apply for companies that offer part-time online money earning jobs in Sri Lanka. For example, a company that provides seasonal based products/services might hire a graphic designer during that season to make their promotional materials.
You can earn money with some online websites without investment online. Below example is a make money online opportunity without investment for students at home.
Example: Create an account in the Freelancer website or Upwork website, and you can offer services such as graphic design or software development. ( Ask your dad or mom to create the account under their details, if you are still not 18 and does not have any documents for identity/address verifications )
Just sitting and waiting won’t help you in getting any online full time or part-time jobs that you can do from home or office in Sri Lanka. You can find online job vacancies using some of the methods below.;
You can even do things like blog writing or even become a Youtuber, but those may take considerable time. Still, with above three things (especially Forex Trading ), you can make revenue faster, as long as you apply correct techniques (e.g. money management in Forex ) and gain the necessary skills (e.g. Logo design skills ).
You can make money from the internet using popular trading apps. You can try the following websites and use their mobile app to trade and earn revenue while at home. ( earn-money app download method: You can first register with any company in the above link and then download the app to your device, smartphone or tab ).
Also, you can register and use Shutterstock contributor app to upload images to make extra income while at home ( make sure the photos are high quality and of high resolution).
So I have highlighted most of the possible ways that you can use online to make revenue at home or while even working at office ( of course, during free time! otherwise you will be at risk of losing your employment!). To write the above earn money article took almost about a week. So I hope the information on the page is useful to you.
In case you have more ideas like above or have any questions related to earning money online, feel free to comment below or drop an email using the contact page.
Prathilaba September 30th, 2020
Posted In: blog
Tags: best forex broker in sri lanka, best forex brokers in sri lanka, best way to earn money online in sri lanka, buy and sell online, colombo stock market, deriv, deriv sri lanka, dropshipping, dropshipping in sri lanka, e money sites, earn, earn money, earn money app download, earn money apps in sri lanka, Earn money by clicking ads, Earn money by clicking ads sri lanka, earn money doing surveys, earn money from home, earn money from home sri lanka, earn money in sri lanka, earn money online in sri lanka, earn money online sri lanka, earn money online without investment for students, earn money survey, earn money with website, earn money without investment for students, earn online in sri lanka, earning money online in sri lanka, fbs, fbs bonus, fbs sri lanka, forex, forex bonus sri lanka, forex brokers in sri lanka, forex lanka, forex trading course in sri lanka, forex with no deposit bonus, free welcome bonus forex, gpt, how to, how to earn, how to earn money from internet, How to earn money online, how to earn money online sri lanka, how to make money on youtube, how to make money online, icmarkets, internet, internet jobs, internet jobs in sri lanka, internet money in Sri Lanka, is earn money online real, job, job vacancies in sri lanka, jobs, jobs sri lanka, make money online, make money online in sri lanka, make money writing articles, money, money online, online business in sri lanka, online earning in sri lanka, online internet jobs, online internet jobs in sri lanka, online job vacancies in Sri Lanka, online jobs, online jobs in sri lanka, online money making in sri lanka, online money making sri lanka, ptc, ptc websites sri lanka, sri lanka, sri lanka earn money online, sri lanka forex, sri lanka job vacancies, sri lanka jobs, What is forex trading, when do you earn money from stocks, which forex broker has the lowest spread, which forex broker is the best, youtube
How to earn money online ?, Is it possible for me to make money online ?, how to make money at home ?, what are the online jobs that I can do from home ?, are some of the popular topics these days. Most of the guys want to start it today and make profit by next day ! isn’t it ? 😀 but patience is one of the key factors for success in online jobs or online businesses. Unless you have enough patience, online money making things will be not an easy thing. So when you are not successful (within in few days), you will blame all the online money making opportunities.. saying all these are not possible and are lies 😀
So let’s see how we can go in the correct path to be successful with any kind of online money making opportunity.
Hope these tips will be useful to you..! Good Luck ! 🙂
Prathilaba June 13th, 2020
Posted In: blog
Tags: How to earn money online, how to make money at home, Is it possible for me to make money online, Is it possible to make money online, make money online, online jobs, online jobs from home, online jobs in sri lanka, what are the online jobs from home
මේ දිනවල ජනප්රිය මාතෘකාවක්නේ කොහොමද අන්තර්ජාලයෙන් සල්ලි හොයන්නේ කියලා. හැබැයි ගොඩක් වෙලාවට බොහෝ දෙනාට ඕන අද පටන් ගෙන හෙට වෙනකොට සල්ලි හොයන්න. නුමුත් එහෙම ශේනිකව සාර්ථක වෙන්න තියෙන ඉඩ ඉතාම අඩුයි. මොකද කලබල වැඩි නිසා ඔක්කොම හබක් වෙනවා. ඊට පස්සේ ඉතින් අන්තර්ජාලයෙන් සල්ලි හොයන්න බෑ ..ඕවා බොරු ගගා යනවා ! 😆
අපි ඉතින් බලමු කොහොමද මේ අන්තර්ජාලයෙන් සල්ලි හොයන වැඩ හරියටම කරන්නේ කියලා.. අද කාලෙට ගැලපෙන විදියට..
හිතනවා ඔබට මේ ටික ප්රොයෝජනවත් වෙන්න ඇති කියලා…! ජයවේවා ! 🙂
Prathilaba June 11th, 2020
The currency market is the largest and enjoys the highest level of average daily turnover amongst all the financial markets. Forex market serves many purposes, but its main purpose is to cater the currency requirements of importers, exporters, and travelers from around the world. However, forex trading in Sri Lanka is enclosed in a circle of mystery and confusion. However, here in this article, you will learn what is foreign trading and how the forex market provides a number of opportunities for investors around the world.
Forex stands for foreign exchange. Forex market is the market where all the interested parties can purchase and sell the currencies. The forex market includes banking institutions, non-banking commercial establishments, investment management companies, and retail forex brokers and individual investors. The forex market is regarded as one of the largest financial markets with more than $5 trillion value of transactions on an everyday basis. The foreign exchange market is not just one market exchange. Instead, it comprises of a worldwide system of computers and brokers from all over the world.
The forex market operates in two ways, the interbank market, and the OTC (over-the-counter) market. In the interbank market, large banking establishments buy and sell currencies with the aim of hedging, making adjustments in the balance sheet, and also for their clients. In the OTC market, individuals buy and sell currencies directly through online platforms and forex brokers.
When it comes to the forex market, all you have to do is switch on your computer, open a forex account with a brokerage firm, deposit an amount, and start trading with currencies straightaway. However, in the past, it wasn’t this easy. In the last few decades, the forex market has changed significantly.
At the end of World War II, major currencies around the world were measured against the economic value of gold. In the beginning, this helped in bringing stability in the exchange rates. However, as economies began to develop after the war, gold became more and more costly. In the year 1971, the gold system was eliminated, allowing the exchange rates to work independently.
In the 1990s, the internet era had begun and many companies were adopting it to create their online networks in order to generate quotes and allow instant trading. Advancement of technology allowed the individuals to buy and sell currencies in the foreign exchange market. Today, foreign exchange market is the largest financial market in the world and every day a large number of investors operate in this market exchange.
The traders and investors who trade in forex market come from a wide range of backgrounds, and fields. Some of the key players of the forex market are commercial banks, central banks or countries’ national banks, hedge funds, corporations, and individuals. Let’s have a look at how forex traders are categorized:
The biggest participants in the foreign exchange market are institutional investors and traders. A majority of forex trading money comes from institutional investors and traders, about 94.5% of the market volume.
Retail traders and investors buy and sell currencies from their own private Forex trading account, using their own money. They invest in two ways, short and intermediate term trading, and long-term trading or investing.
You must be already having loads of questions to ask as follows most probably ;
How to make money online ?
How to make money from home ?
How to make money on the internet ?
What are the online part time jobs for Sri Lanka ?
What are the online jobs in Sri Lanka ?
What are the Ways to make money online ?
Forex trading will be one of the best solutions for all above questions but forex market is a financial market and just like any other financial market, it comes with its own set risks and rewards. So let's learn about them before considering forex trading.
Forex market is huge and opportunities are endless. Let's have a look at some of the most successful Forex traders who changed the ways of forex markets with their approach:
George Soros is renowned as one of the superlative investors in history. He is known for his excellent trading move when he made a profit of over £1 billion from the short position in pound sterling. Moreover, he did this successful deed before Black Wednesday of 16 September 1992.
Soros had a strong grasp over risk and reward factors. It was one of the characteristics of his financial mind that assisted in shaping his reputation as one of the leading Forex traders in the world.
Warren Buffet is an American investor and business tycoon and also one of the richest men on this planet. In 2014, Mr. Buffett was estimated to have an overall wealth of $63.2 billion by Forbes. When it comes to working in the forex market, he works on one simple principle. He believes in having patience and gather a proper understanding of the market so as to earn high profits in the long run. Buffett’s investment plan has been the most successful to date.
Bill Lipschutz earned profits from listing the millions of dollars of Salomon Brothers at FX department in the 1980s, even though he had no past experience of the currency markets. Lipschutz believes that market perceptions along with the market fundamentals help in determining pricing patterns in the market.
You can read more about them and more forex success stories here " Most famous Successful Forex Traders " article by us.
Are you interested in finding the right forex brokers in Sri Lanka? Find out here, ‘ Where to trade Forex Online and type of Forex brokers ? ’
Prathilaba October 18th, 2018
Posted In: forex school
Tags: forex, forex lanka, forex market, forex trading in sri lanka, forex trading sri lanka, forexmarket, how to make money from home, how to make money on the internet, how to make money online, Introduction to Forex Trading, Introduction to Forex Trading in Sri Lanka, make money from home, online jobs, online jobs in sri lanka, online part time jobs, ways to make money