Sick of the 9-5 rat race and eager to trade your current job for a multi-million pound business in 2023? Then you’re not alone – and in recent years, a growing number of millennials have been doing just that. Quitting a reliable source of income like a steady job can feel like a daunting prospect, but it’s becoming increasingly possible to make more money online whilst living life on your own terms – choosing when and where you want to log on and finding more time to enjoy the finer things in life.
If you’re craving a life of luxurious holidays and working from the beach, or your current salary isn’t supporting your appetite for lavish cars and designer goods, then the bad news is that there’s no overnight fix, and anything that purports to be a ‘get rich quick’ scheme usually falls far short of expectations. However, there are still plenty of legitimate ways to make a large amount of money if you’re prepared to invest time into learning the skill set required and to have patience as you learn and grow along the way.
So, if you have designs on achieving seven-figure wealth in 2023 and beyond then here are five amazing strategies that might just help you to do it.
Become a stock market investor
Investing in the stock market might feel like an overwhelming prospect, and granted, you’ll need plenty of knowledge and experience to succeed – but these days, you don’t need to be an expert to get started as there are some great platforms and some handy signalling software available that can help you to make the right moves.
Trading stocks and shares is always a risky business, but if you’re prepared to take the time to learn the ropes and only invest money you can afford to lose in the early days then you can easily pick up some more of the know-how you need as you go along. The overall returns on your stock investments might not be high enough for you to instantly make a fortune, but if you choose wisely, it is possible over time. The most successful stock investors, though, are prepared to play the long game, and know that holding your nerve is often essential to ensure you get the best returns later on.
As the performance of the stock market continues to underperform after a financial crisis, you can benefit by using big declines to buy your first stocks. The more the prices drop, the greater the opportunity – but be sure to do your research beforehand and look into past performance of the stocks you’re interested in to get a sense of the patterns they tend to follow.
Become a high-roller at online casinos
Online gambling has enjoyed a dramatic spike in popularity over recent years, and players from all corners of the world have managed to score some amazing wins by playing online casinos for real money. If you’re keen to join them, then once again, it’s important to only wager money you can afford to lose, and to gamble responsibly – but if you’re still eager with that in mind then it couldn’t be easier to get started.
Picking a reliable platform that you can trust with your personal and financial information is key, so be sure to opt for only licensed casinos that operate legally and have transparent rules and regulations so there’s never any need to stress over the outcome of a game.
Next, you’ll need to choose a game you can master as quickly as possible, and to do so, you’ll need to determine whether you prefer luck-based games like slots, or skill-based pursuits like poker, which require a little more strategy and thinking. Bear in mind that both types come with their perks. Slots often involve huge jackpots should you happen to strike it lucky, while poker enthusiasts have a chance to compete in professional tournaments with huge prize pools they can win.
Launch a dropshipping business
The latest business news is filled with stories about online entrepreneurs who have used drop-shipping to make hundreds of thousands of pounds in short periods of time, and with consistency and dedication, you could be one of them.
In case the concept is still something of a mystery to you, drop-shipping is a business model that allows you to sell a product to customers by partnering with the supplier, who does all the storage, packaging, and shipping to the client on your behalf. In order to get started with drop-shipping, first you need to pick a product you believe in. Then, you’ll want to determine the partnership conditions with your chosen supplier and create an e-commerce store USING a platform like Shopify, BigCommerce, or Magento. Once all that is established, you can start working on your marketing strategy, and from there, the sky really is the limit.
Start a YouTube channel
Today, YouTube creators of all kinds make millions of pounds per year from producing and monetising engaging video content that keeps subscribers coming back for more, and there’s no reason why you can’t become one of them.
Picking a niche that you’re knowledgeable and passionate about – for example, travel, trading or video games – is a great place to start, and you can then build your channel around it. Once you’ve launched your channel, the goal is to start building a loyal audience. Ensuring that you’re coming up with attention-grabbing headlines and are SEO-optimising your descriptions will help your videos rank higher on the platform, and once your account reaches at least 1,000 subscribers, you can officially begin monetising it through YouTube ads.
Do affiliate marketing
Affiliate marketing is a business model that makes it possible to make money by promoting brands and companies on your blog and via your social media accounts. As an affiliate, you can promote various products and services, including apps, software, and retail products, and earn a commission each time someone purchases through your personalised affiliate link.
Working for a small commission may seem insignificant in the grand scheme of what you’re hoping to achieve, but bear in mind that you can include many different brands and links in your strategy and thus, the potential to make big money is limitless. The best way to get started is to pick a niche you’re interested in and launch a blog with high-quality content that will allow you to strategically place affiliate links throughout the pages.
Creating your own abundant source of income is the perfect way to escape your day job in 2023 and is entirely possible with the right approach and the dedication to see it through. So, if you’re keen to make a million in 2023 and finally start living a luxury lifestyle on your own terms, then these are five of the best ways to do it.
Please gamble responsibly (18+ UK) – check age restrictions before participating
