How To Make Money Online In The Philippines

Top 10 ideas how to make money online in the Philippines for beginners

Below are the best passive income ideas for residents of the Philippines seeking ways to make money online.

Copy trading

Copy trading is a system for traders who lack expertise and those with limited time to commit to trading in the financial market. It automatically allows individuals to copy positions that are opened and managed by other selected individuals. Copy trading is the perfect start for a newbie trader because you are not the one trading. It allows you the opportunity to experience the success and failures of others and to learn from their mistakes. It's an excellent way to make money in the financial market, but it's not without risk. You need to create an account with a broker supporting copy trading. You need substantial capital to make a good profit. You need to research the broker copy trading service to use and be careful which trader to follow because you will entrust a part of your portfolio to a stranger. The earnings depend on your capital.

Sell handmade products

What can be more exciting than turning something you enjoy doing into an income stream? Well, as a small business owner, you can do that. And you do not need a business degree to do that.

Almost everything you can think of can be turned into a small business. For example, if you like painting, you can sell your artwork online; if you like knitting, you can also sell your handmade works online.

You can build a successful business out of your hobby and sell creations like candles, ceramics, and jewelry on websites like Etsy.

Become a сlickworker

A Bitcoin faucet is a website or app that distributes tiny amounts of Bitcoin to its users in exchange for them completing simple tasks. The name faucets comes from the fact that these crypto payments are quite small, like drops of water coming from a faucet — but then again, so are the tasks you need to complete for the reward. So, once you complete the tasks, your tiny share of earned crypto is sent to your wallet. The tasks can vary wildly, but it’s usually simple — stuff like completing a captcha, clicking on ad links, watching videos that showcase different products, and all kinds of other ads.

As an Internet user, you’ve probably heard of similar websites that used to pay dollars for microtasks. However, the catch here is that even the smallest amount of Bitcoin you receive will likely be worth something in the future.

Of course, the only downside is that you have to spend a lot of time on menial tasks in order to get any meaningful amount of Bitcoin.

Forex trading

Forex trading has to do with exchanging one currency for another for trading purposes. Currencies are traded in pairs. Thus by exchanging one for another, a trader speculates on whether the value of one currency will rise or fall. To engage in Forex trading, you need a broker to act as an intermediary between you and the Forex markets because trading the markets requires large sums of money, which you may not have. So with brokers like RoboForex, FXTM, IC Markets, Exness etc., one can trade from the comfort of their home. The risk involved can not be overemphasized. Like cryptocurrency investing, Forex markets are so volatile that you will be giving your money to the markets if you don't have the right skill and experience. So take your time to learn and acquire the skill to trade Forex before you begin trading. One can make a huge profit from Forex trading, but you always want to consider the risk involved.

P2P lending

If you think you have enough money for investing, engaging in P2P lending is an excellent way to make money in the financial market. P2P lending offers people the opportunity to lend money to individuals or businesses. As the lender, you can profit by receiving interest as you get your money back when the loan is repaid. There is risk involved, so you need to be aware of the risk. There are websites that you will use that will serve as an intermediary between you and the borrower. How to get started with P2P lending? To get started, compare P2P brokers and find the one you feel comfortable with. Then open an account with the P2P lender and pay in some money with your debit card or direct transfer. Set the interest rate you'd like to receive or agree with the rates they offer. Then proceed to lend an amount of money for a fixed period, for example, three or five years. Depending on the period you are willing to wait, you can make between 5.99% to 35.99% as of December 15, 2022.

Cashback when shopping

Similar to getting reward points for paying with your credit card, some reward apps give Bitcoin or other cryptocurrency reward cashback to their users when they purchase from certain online stores.

Lolli is a great desktop plugin available for Chrome, and it also has an Android and IOS app that offers its users to get up to 10% cashback in Bitcoin every time they purchase from an online store that partners with Lolli. Lolli partners with hundreds of different online stores which offer different levels of cashback on purchases. This includes well-known retailers such as Macy's, Nike, Rag & Bone, and others.

Pei is another great mobile app that allows you to get Bitcoin cashback when you shop. To use this app, you have to download it and link your debit/credit cards to it. Every time you purchase from one of the over 60,000 physical or online stores that partner with Pei, you will get up to 20% cashback in Bitcoin and also get credit card points. Once your Bitcoin cashback is higher than $15, you can transfer it to your Bitcoin wallet.

Offer translation services

Speaking more than one language is advantageous in India because you can easily make a living by translating documents for clients into another language. It is among the most discussed skills when you inquire about how to make money online in the Philippines.

If you are a native speaker of languages such as Chinese, French, or German, you can make a living by simply translating for clients on freelancing websites.

You can also look into joint ventures with translation agencies if you're searching for long-term relationships. You can do this part-time side job while you're free and make $15 to $25 per hour.

Pick up a task on Microsoft UHRS

UHRS is a Microsoft AI platform that supports labeling data for various AI applications. They pay users to do basic tasks. For you to be able to work for UHRS, you need to partner with their vendors. Their vendors include Teemwork.ai, Clickworker, Oneforma, Appen, and Data mine. You will create an account with the vendor that applies to your country then they will issue you a live ID that you can use to access the Microsoft UHRS platform and earn cash. The difficulty is that some of the jobs are technical and require reasoning. You must also wait at least one month for your work to be approved before payment. You can earn good money, from $10 to $1000 monthly.

Start a dropshipping business

Dropshipping is a retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when a customer makes a purchase, their order is sent to the supplier, who will then ship it directly to the customer. As an entrepreneur using dropshipping, your responsibilities include finding suppliers, marketing your products, and managing your inventory.

Share your social media skills

With billions of social media users and different social media marketing apps, you can earn enough money to cater to your needs while in school. Writing content for brands on social media is a lucrative endeavor if you have a knack for language and are analytical.

Digital marketing relies heavily on social media platforms like Facebook, Twitter, and Instagram. Thus, there is a rising need for creative, forward-thinking, and analytical professionals to carry it out.

You can also use the type of content you post on your social media account to attract users attention and establish yourself as a social media influencer.

Influencers on social media can make money by working with brands, collaborating, and starting their own businesses.

Can you make $100 a day online in the Philippines?

You can make $100 a day if you choose the best ways to make money online in the Philippines. However, your chances of success will differ based on your level of expertise, skills, and familiarity with the job. So, if you sign up for an online job opportunity that can pay you 100 dollars daily, there are some factors to consider. Below, TU experts have highlighted their top recommendations for traders who want to earn up to $100 per day.

When learning how to make money online in the Philippines, you will come across ways that require your time, an internet connection, and a smart device. This means that you will not need to make any investments before you start making money from these additional income ideas. However, with many passive income ideas available online, it might be hard to find top-paying opportunities. However, these possibilities are accessible if you understand how to choose the best extra income option in the Philippines.

Best brokers to invest money in Philippines 2024

eToro

eToro Review

Open an account

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.

Revolut

Revolut Review

Revolut is a British fintech company that has been providing investors with accounts for trading precious metals, cryptocurrencies, and stocks listed on U.S. exchanges since 2015. The broker offers its clients access to investing in stocks and ETFs on European stock exchanges. For organizations and private clients, the company offers a multi-currency account with the possibility of exchanging currencies at the current interbank exchange rate. Revolut is supervised by the Financial Services Authority (FSA).

Interactive Brokers

IBKR Review

Interactive Brokers is among the best-known US investment companies, operating since 1977. The broker offers to trade currency pairs, but its basic instruments are stocks, CFD, indices, metals, ETF, futures, and other exchange market assets. The company is regulated by the US Securities and Exchange Commission (SEC), the US Financial Industry Regulatory Authority (FINRA), the UK Financial Regulatory Authority (FCA, 208159), and other international financial regulation commissions. In 2020, the broker was awarded the "Best Online Broker” (Barron's) and "Best Broker for Economical Investments" (NerdWallet) titles and got five stars in the Online Stock Trading for Traders category (Canstar). Also, the broker is popular in other countries. Here you can read reviews of Interactive Brokers in Canada, Singapore, Australia, Hong Kong, Ireland.

How to choose the best way to make money online in the Philippines

The following expert tips will help you select the best way to make money online in the Philippines.

Note: Forex copy trading and stock investing are among the simple ways to make money. Owning stock in multiple businesses can help you increase your savings and protect your money from taxes and inflation while increasing your income potential through stock investments.

How to spot and avoid scams in the Philippines

Learning how to make money online in the Philippines is more lucrative if you know how to spot fake income opportunities. Learning how to recognize and steer clear of online scams is one of the most essential risk management strategies. And it is crucial for safeguarding your personal and financial information on the internet.

The top ways you can identify and avoid online scams are: