Difference Between Earning Money vs Making Money
The one thing that’s for sure is that making money offline or online isn’t easy. We all have been there trying it hard.
We all have been chasing money all day and night long. We want to earn money; we want to make money for ourselves and our families. We want it now and we want it for later in the future.
Only recently, I was going through various methods on “how to make money online” and I came to learn this.
There’s this significant distinction between “earning money” and “making money” online.
Has anyone noticed the terms “earning money” and “making money” seriously?
I mean, aren’t they identical/the same?
Although these terms are used in a similar way, they don’t mean the same thing. We will discuss these here.
Knowing the difference between these two can help you understand how to make financial progress.
Difference Between Earning Money and Making Money
Earning Money
Generally, earning money refers to earning money by exchanging your time & skills for money.
You earn money by utilizing and spending your time for cash payments, or a paycheck, like doing a 9 to 5 job, mowing the lawn, dog walking, building a website for someone, or consultancy work, etc.
Earning money has to do with working for someone else – typically for a business owner, employer, or client for a steady paycheck.
It is more of an Active Income activity, where you have to be actively involved in the task of making cash.
Most of the time, you don’t even need any prior investment to do this.
Here are 10 ways one can earn money online without any initial investment:
1. Become a Freelancer
2. Become a social media manager
3. Become a logo or graphics designer
4. Become a website designer
5. Become an SEO consultant
6. Become a Virtual Assistant
7. Become a Writer
8. Become a Captcha Solver
9. Become a Micro-worker
10. Completing online surveys
If you are qualified or know any of these jobs, you can just head over to Fiverr or Upwork and create a profile. Look for potential clients and send a proposal for a possible job.
There are thousands of jobs available online that you can do to earn money. Just search for the term “online jobs” in Google and you’ll be overwhelmed by the sheer number of online job opportunities available.
Read More: Simple Websites That Make Money Online
Making Money
Making money has to do with you using your time to create a product or service that continues to make money for you.
Instead of you running for the money, the money will run/work for you so that you don’t have to do it yourself.
Just use your leverage & make your money work for you.
It’s different than exchanging your time for money. You’re not limited to how many tasks you can create or how many products you can make or how much money you can make.
Also, it doesn’t require you to do a lot of “active” work to continue making it. In essence, you can hire other people to do it for you to earn an income.
You make money by fulfilling the demand for people’s needs. For example, you can write a book or create an online course that can be sold to people many times over and over.
And you just need to update its content to keep the money flowing. You’ll have to spend more time and money on marketing and selling the products but, again, you don’t have to do it yourself. Once this product or service picks up, it can/will make you money indefinitely.
It is a Passive Income activity, where you don’t have to be actively involved in the task of making cash.
Generally, you might need a few prior investments to do this.
Here are 10 ways one can Make Money Online:
1. Start a Drop-shipping Store
2. Create a Blog
3. Write an eBook
4. Create an Online Course
5. Create a Print on Demand Online Store
6. Create an App
7. Invest in Stocks
8. Buy Property.
9. Create YouTube Videos
Also Read: How to Reduce your Debt Quickly?
Wrapping it Up!
Now that you get the idea and differences between Earning Money vs Making Money, which one do you prefer?
I’ll tell you which one I prefer.
I prefer to “Make Money” online.
After learning all these basics, let’s explore ways to make money online.
