How To Make Money Online In Turkey

Top 10 ideas how to make money online in Turkey for beginners

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.

Crypto staking

Staking is a popular strategy to generate passive income from your cryptocurrency investment. Staking allows cryptocurrency owners to put their digital assets to work and make money passively without selling them out. Staking is the crypto equivalent of placing money in a high-yield savings account. Then the bank lends the money out or uses it for business. You will then receive a percentage of the interest gained by lending in exchange for leaving the money in the bank. The profit is usually a very small portion.

Similarly, you lock your coins to blockchain security when you stake digital assets. In exchange, you will receive a reward calculated in percentage. These rewards are usually higher than the bank's interest rate. You need to compare the different crypto-staking platforms out there. Not all crypto supports staking, only those that validate the transaction with POS (Proof of Stake). Examples include Ethereum (ETH), Cardano (ADA), Solana (SOL), Polkadot (DOT), etc.

The benefits include no need for equipment for crypto staking like in crypto mining. It is an easy way to earn interest on your cryptocurrency holdings. The risk involved is that crypto prices are volatile and can drop quickly, which can outweigh any interest you gain from them. You can make up to 10% - 20% from it yearly.

Writing white papers

Writing white papers is also a means of earning money online. A white paper is a thorough research study on a specific issue that will provide a solution to an industry problem that a person or company usually writes about. Its purpose is to persuade readers through in-depth analysis that a particular solution to a problem is best. It is usually written to an audience outside the industry. So a company can hire you to write a white paper for them, and you get paid up to $1,000 monthly. It can be challenging to get a job from these companies.

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.

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.

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.

Monetize Youtube channel

Another medium of making money online is to upload videos to YouTube and monetize them, earning money from YouTube. This is best suited for a social media influencer since you can make content to upload on Youtube. YouTubers make a lot of money. The average rate per ad view is around $0.01 to $0.03, so a Youtuber can earn, on average, $18 per 1000 views.

Test financial websites and apps

Testing websites and applications is another method to generate money online. You get compensated for your opinions on how effectively a website or app functions. Before working, you will have to complete a short test to get accepted then you'll be paid depending on the test type. There are different platforms where you can test websites and apps. They include UserTesting, Userfeel, uTest, Ubertesters, Userlytics etc. you get paid depending on the time you put in. For example, UserTester pays around $10 for 10-20 minutes of work.

Is it possible to earn an extra $1,000 per month online in Turkey?

Certainly, earning an extra $1,000 per month online in Turkey is feasible with the right skills and market awareness. Your potential earnings hinge on your expertise; specialized skills like web development or graphic design often fetch higher rates due to their niche demand.

Understanding market needs, such as creating industry-specific content, can also boost income. By aligning your skills with market demands and utilizing appropriate platforms, whether freelancing sites or direct client outreach, achieving that extra $1,000 becomes more attainable.

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

Online employment opportunities are abundant in Turkey's digital world. The demand for graphic designers has increased with the development of the digital age, particularly in branding. Material writers that can create interesting material are in high demand as organizations strive for internet visibility. The competitive digital landscape emphasizes the need for SEO expertise and social media marketers, given the prominence of platforms like Instagram and Twitter.

Web development remains essential, with a consistent demand for skilled developers. Due to the extensive usage of smartphones and the popularity of video material, particularly on YouTube, profitable industries for video editing and mobile app development have emerged.

In the financial sector, the Turkish stock market presents opportunities for both short-term trading and long-term investments, though it requires informed decision-making. Forex trading is also gaining popularity, with options like copy trading allowing newcomers to follow experienced traders. In summary, the key to online income in Turkey lies in tapping into these trending sectors and skills.

How to spot and avoid online scams in Turkey

To avoid internet fraud in Turkey, use caution while clicking on links in emails from dubious senders. Protect your personal and financial information by using strong, unique passwords, staying informed about online hazards, and updating your software and antivirus programs frequently.

Online security in Turkey necessitates awareness and prudence. Common fraud techniques include sending misleading emails that frequently imitate official institutions. Phishing and malware threats can be reduced by avoiding unknown emails. Be cautious of suspicious links as well because they could take you to malicious websites that want to steal your info.

Staying updated on evolving cyber threats is crucial. Knowledge of the latest scams offers protection. Strengthen your online defense by using complex, unique passwords for each account and regularly updating software and antivirus tools. This ensures your devices remain secure against cyber threats.

Best brokers to invest money in Turkey 2024

1 RoboForex

RoboForex Review

Open an account

Your capital is at risk.

In 2009, RoboForex Ltd. was established. RoboForex has been offering trading services on a global basis ever since it entered the market for Forex brokers. The broker specializes in trading automation solutions such as the CopyFx auto trading platform, as well as the bot builder. RoboForex supports both 12,000+ CFDs, as well as direct trading in US shares with extra low fees from 0.09 cent per share.

RoboForex offers five different live trading accounts, one of which is designated as the Islamic Swap-Free account. This type of account is intended for Muslim traders who want to engage in Forex trading while adhering to Islamic financial principles. RoboForex also offers negative balance protection and market-leading insurance. Additionally, Turkish traders have access to advanced trading on the cTrader and RTrader trading platforms, choosing from a variety of trading instruments for the best results.

2 Bybit

Bybit Review

Open an account

Your capital is at risk.

With its corporate headquarters in Singapore, Bybit is a well-known cryptocurrency exchange that works on a global scale. Due to its many features and user-friendly layout, Bybit has established a reputation as one of the finest cryptocurrency exchanges in Belgium. Ben Zhou, a well-known figure in the cryptocurrency community, is the founder of Bybit. Over 400 digital assets, such as Bitcoin, Ethereum, and altcoins, can be traded on Bybit's reliable trading platform.

Other important elements that contribute to the exchange's top ranking are its robust security measures, vast selection of assets, round-the-clock customer service provided in Belgium, and several MYR payment options. In addition to trading, Bybit provides a wide range of other features, such as crypto staking services, crypto loans, lending options and NFT marketplace. The platform places a high priority on security, transparency, and privacy, which makes it a solid option for investors from Belgium. Due to its minimal trading fees, it is also considered to be among the cheapest cryptocurrency exchanges.

3 Revolut

Revolut Review

Revolut offers commission-free trading with no minimum deposit requirements. Stocks, cryptocurrencies, and precious metals are available for trading. Client funds are kept on segregated accounts, which is a guarantee of their safety. Since fractional share trading is available at Revolut and there is no brokerage commission per transaction per month, you can start with a minimal investment. Deposits can be made in 28 currencies, but the broker translates them into USD since trading is only on the US stock market.