Can You Really Make a Living Online?

It’s not particularly difficult to make money online, but it does take time and savvy to make it your full-time job.

2 min read

Imagine making a living while working remotely from a beach in Florida or a ski cabin in Colorado — no one to answer to other than yourself. This may sound too good to be true, and it usually is. With some discipline and persistence, you can certainly earn some cash by working online, but it’s not as easy as some people would make it seem.

At N26, we strive to give you information to help you make better financial decisions, and that includes giving you a realistic look at opportunities that might seem too-good-to-be-true. We’ll walk you through three common myths and their truths to give you the confidence to make your own decisions around making money online. 

Myth 1: It’s difficult to get started

Truth: It’s not particularly difficult to start, but it does take time and savvy to be able to replace your full income. There are many different job platforms, like Fiverr and Upwork, that help you find ways to make money online. If you want to try your hand at freelancing, you can read about our 5 tips for freelancers here.

Myth 2: Your options are limited when it comes to finding work online

Truth: There are many ways to start freelancing online; whether it’s creating content, editing, running business Instagram accounts, taking photos, or producing videos. While you do need some basic skills and expertise for many of these areas, seasoned professionals should be able to find enough options online.

Myth 3: It’s impossible to make a living freelancing online

Truth: It takes time and effort to make a living online, but it’s certainly not impossible. Many freelancers start slowly, and don’t quit their day jobs until they have a clear path to replacing their full-time income. If this path is interesting to you, take your time to look for the right opportunities, and research to understand how much you could expect to make from down the road. 

Myth 4: It’s easy to make money on social media as an influencer

Truth: Influencers make money by working with brands to advertise products and services to their social media followers. It takes time, hard work, knowhow, and often significant resources to gain the followers and engagement necessary for such an arrangement. With time and effort, you might be able to get there, but it’s not an easy undertaking, and rarely translates to financial success.

Open an account that works for you

While the financial aspect of making money online can seem intimidating, an easy-to-use, flexible, and secure bank account can help simplify and organize the money you make online.

Open an N26 account today in just 5 minutes to experience banking that is fast, transparent, and made to fit your lifestyle. With easy-to-use money management features like spending statistics, Spaces, and the ability to tag transactions, you can stay organized to achieve your financial goals.

The N26 account is offered by Axos Bank®, Member FDIC. N26 Inc. is a service provider of Axos Bank. All deposit accounts of the same ownership and/or vesting held at Axos Bank are combined and insured under the same FDIC Certificate 35546. All deposit accounts through Axos Bank brands are not separately insured by the FDIC from other deposit accounts held with the same ownership and/or vesting at Axos Bank. The N26 Visa® Debit Card is issued by Axos Bank pursuant to a license by Visa U.S.A. Inc. The N26 Visa Debit Card may be used everywhere Visa debit cards are accepted.

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