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How to Make Extra Income on Pinterest ($1600 Monthly)

Drive traffic with ads

You have to spend money to make money sometimes. Organic reach can only accomplish so much.

For added reach, throw some ad dollars behind your pins. Promoted pins can be optimized to meet different goals like increasing traffic or growing your Pinterest followers.

Promoted pins look just like regular pins, and they are placed in your target audience’s home feed, category feeds, and search results.

There are also different ad types available like shopping ads which are pulled directly from your product catalog.

(Don’t worry – we have a simple guide on all things related to Pinterest ads. if you need help picking the right type.)

But are ads worth the investment?

Let’s take a look at how Nena & Co. fared when it decided to turn its product catalog into Pinterest ads.

The sustainable handbag brand was able to reach a whole new audience interested in zero-waste and ethically sourced products.

It resulted in an 8x increase in return on ad spend and cost 34% compared to other platforms.

Let shoppers purchase directly on Pinterest

For brands with an e-commerce offering, Pinterest is a natural opportunity to drive traffic — and sales.

Use pins to showcase your goods and direct followers back to your website to shop or use Pinterest Shopping tool, to purchase directly on the app.

The in-app checkout is only available to a limited number of merchants. If you do qualify, you’re in for a real treat.

Pinners can discover your product and buy it without having to leave Pinterest. This streamlines the customer journey and makes it easier than ever to purchase products on Pinterest.

Who qualifies for in-app checkout? You’ll need to meet the following criteria:

  • You use the Shopify app
  • Shopify store has a U.S. billing address
  • Only has Shopify feeds (Meaning you don’t have active non-Shopify feeds uploaded to Pinterest)
  • Accepts returns
  • Has an email address for customer support inquiries
  • Exceeds monthly checkout conversions threshold
  • Meets Merchant guidelines

Once you’re approved for the in-app checkout feature, your product pins will have a “Buy” button appear below the pins.

When someone clicks on it, they’ll be able to pick product details like size or color. Then they’ll get redirected to a checkout page within the Pinterest app.

Even if you don’t have the in-app checkout feature available to you yet, you can still create eye-catching pins and direct viewers to visit your website to buy the product.

Become an affiliate marketer

Affiliate marketing isn’t just reserved for blogs. You can also use your direct affiliate links to connect to pins.

By sharing your affiliate links on Pinterest, you can earn a commission on sales if Pinners make a purchase.

Of course, you can also direct people to affiliate-related content, like your blog posts or videos, to warm up your audience before they purchase.

Making accurate decision on profit and loss on crypto currency (make $10,000 with accurate calculation)

What is profit and loss (PandL) and how to calculate it

Profit and Loss refers to the financial gain or loss from buying and selling cryptocurrencies. To calculate it, use various method like the FIFO, LIFO, YTD, and more!

Anyone who has dealt with trading in traditional finance is likely to be aware of profit and loss (PandL). But is PandL in the cryptocurrency world the same? The ability to comprehend terms like mark-to-market (MTM), realized PandL and unrealized PandL will help develop a better understanding of the cryptocurrency a person holds.

Without a well-defined process to get insight into profit or loss, cryptocurrency trading may be overwhelming, and traders may struggle with what they are doing. PandL reflects the change in the value of a trader’s positions over a specific period.

To gain a clearer understanding, let’s examine it in the context of cryptocurrency trading.

Understanding the basics of PandL

PandL in crypto refers to the calculation of the profit or loss made on a cryptocurrency investment or trading position. It is a metric used to evaluate the financial performance of a trader or investor in the crypto market.

To begin, here are some key terms in PandL terminology:


MTM refers to the process of valuing an asset or financial instrument based on its current market price or fair value. For example, in the context of crypto trading, if an investor holds a certain amount of Bitcoin


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, the value of that Bitcoin will fluctuate based on the current market price.

The general formula for calculating PandL is:

Suppose the MTM price for Ether


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today is $1,970, while the MTM price yesterday was $1,950. In this case, the PandL is $20. It indicates a profit of $20. On the contrary, if the MTM price of ETH was $1,980 yesterday, it indicates a loss of $10.

Future value

Future value indicates the value of a digital coin at a future point in time.

For example, if a trader stakes Tron


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worth $1,000 with a 4% yearly reward, how much will the person get back after a year? The answer is $1,040. At the time of staking, the present value will be $1,000, while the future value will be $1,040.

There will be a present value at the point when the trader stakes, but if the person considers the future as a whole, there could be countless future values.

There is a different way to use future value as well. Traders could ask how much to stake to get $1,040 in a year. If they know the present and future values, they could calculate the discount factor. examples:

Realized PandL

Realized PandL is calculated after traders have closed their position (sold the cryptocurrency they hold). Only the executed price of the orders is taken into account in realized PandL, and it has no direct relation to the mark price.

The mark price is the price at which a derivatives contract is valued based on the current market price of the underlying asset rather than the price at which the contract is being traded.

The formula for realized PandL is

An example will help understand how to calculate realized PandL. If the entry price for buying X number of Polkadot


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is $70 and the exit price is $105, the PandL for the period is $35, which refers to a profit of $35. However, if the closing price of the trade was $55, the PandL will be $15, but it will reflect a loss.

Unrealized PandL

Unrealized PandL refers to the profit or loss that is currently held in open positions but has not yet been realized through closing the position. The formula for determining unrealized PandL is:

Donald has purchased ETH contracts with an average entry price of $1,900. The mark price of ETH is currently $1,600. The unrealized PandL for Donald is the difference between the average entry price and the mark price.

Unrealized PandL = $1,900 – $1,600 = $300

How to do PandL calculation

To determine PandL in cryptocurrency, a trader needs to find the difference between the initial cost of acquiring a digital coin and the current market value of the same coin. Various methods to calculate PandL in cryptocurrency are as follows:

First In First Out

The FIFO method requires the seller to use the price of the asset from when it was first bought. Here is the process to calculate PandL using the FIFO method:

1) To settle on the initial cost of the cryptocurrency, multiply the purchase price per unit by the number of units sold.

2) To determine the current market value of the asset disposed of, multiply the current market price per unit by the number of units sold.

3) To find the PnL, deduct the initial cost from the current market value.

Suppose Bob first bought 1 ETH at $1,100 and a few days later bought 1 ETH at $800. A year later, he sold 1 ETH at $1,200. As he had first bought ETH at $1,100, this price will be considered the initial cost. Applying the FIFO method, Bob could calculate PnL as follows:

Bob’s initial cost = (1 ETH x $1,100) = $1,100

Current market value = (1 ETH x $1,200) = $1,200

PandL = $1,200 – $1,100 = $100 (profit)

Last-in, first-out (LIFO) method

The LIFO method requires the seller to use the most recent purchase price of an asset in the calculation. The other aspects are just like the FIFO method. Here is the PandL using the LIFO method using the same example as above:

Bob’s initial cost = (1 ETH x $800) = $800

Current market value = (1 ETH x $1,200) = $1,200

PandL = $1,200 – $800 = $400 (profit)

Weighted average cost method

The weighted average cost method requires traders to determine the average cost of all units of a digital currency in their portfolio to arrive at the initial cost. Here are the steps to calculate PandL using this method:

1) Determine the total cost of all units of the cryptocurrency. Multiply the purchase price per unit for each transaction by the number of units of the asset and add the numbers.

2) To arrive at the weighted average cost per unit of the digital coin, divide the total cost of all units by the number of units.

3) Find the current market value of the cryptocurrency sold. Multiply the current market price per unit by the number of units sold.

4) To determine PandL, subtract the average cost per unit from the current market value.

Suppose Alice bought 1 BTC at $1,500 and a few days later bought 1 BTC at $2,000. She later sold 1 BTC at $2,400. Here is the PandL using the weighted average cost method:

Total cost = (1 BTC x $1,500) + (1 BTC x $2,000) = $3,500

Weighted average cost = $3,500 / 2 BTC = $1,750

Current market value = (1 BTC x $2,400) = $2,400

PandL = $2,400 – $1,750 = $650 (profit)

Profits/losses from opening and closing positions

Analyzing open and closed positions at regular intervals is an efficient way to monitor performance. An initial purchase a person makes in the market is an open position, while selling the cryptocurrency is termed closing the position. If a trader buys 10 DOT, it is an open position. When the trader sells those DOT, the position gets closed.

For example, if a trader bought 10 DOT for $70 and sold them for $100, the person’s PandL would be $30 ($100 – $70). Regular analysis of trades in line with open and closed positions helps a person trade in an organized manner.

How to make $13,000 Yearly with Gold

Gold is a chemical element with the symbol Au (from Latin aurum ‘gold’) and atomic number 79. This makes it one of the higher–atomic-number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions.

Gold often occurs in free elemental (native state), as nuggets or grains, in rocksveins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as in electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate anion. Gold is insoluble in nitric acid alone, which dissolves silver and base metals, a property long used to refine gold and confirm the presence of gold in metallic substances, giving rise to the term ‘acid test‘. Gold dissolves in alkaline solutions of cyanide, which are used in mining and electroplating. Gold also dissolves in mercury, forming amalgam alloys, and as the gold acts simply as a solute, this is not a chemical reaction.

A relatively rare element,  gold is a precious metal that has been used for coinagejewelry, and other arts throughout recorded history. In the past, a gold standard was often implemented as a monetary policy. Gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after the Nixon shock measures of 1971.

In 2020, the world’s largest gold producer was China, followed by Russia and Australia. A total of around 201,296 tonnes of gold exists above ground, as of 2020. This is equal to a cube with each side measuring roughly 21.7 meters (71 ft). The world consumption of new gold produced is about 50% in jewelry, 40% in investments and 10% in industry. Gold’s high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in corrosion-resistant electrical connectors in all types of computerized devices (its chief industrial use). Gold is also used in infrared shielding, production of colored glassgold leafing, and tooth restoration. Certain gold salts are still used as anti-inflammatories in medicine.

4 ways to invest in gold

You have a few options here: You can either buy physical gold like bars or gold coins, invest in gold mining company stocks or a gold exchange-traded fund, or ETF, or buy into gold futures.

1. Purchase physical gold

  • Bars
  • Coins
  • Jewelry

The most straightforward way to put your money in gold is to buy physical gold like bars, coins or jewelry.

To actually make a profit off the precious metal, you need to have a reasonable expectation that your gold can be sold for more than you paid for it. Unfortunately, gold prices are notoriously difficult to predict.

In the 1990s, gold barely hit $300 on a good day. Then, as financial and political crises loomed in the mid-2000s, people did what they always do and started buying up gold, which drove up gold prices.

Its value more than doubled from $800 an ounce in 2009 to $1,900 in 2011. But by 2013, the bubble had burst and gold was down to $1,300.

Then in the summer of 2020, during the stress and uncertainty of the pandemic, gold briefly surged to an all-time high of $2,000 an ounce before sinking back down once again.

If gold forms part of your retirement plan, you can actually buy it through a gold individual retirement account, or IRA. That said, you’ll need to set it up with a special custodian or broker; be aware that you may be charged fees to cover the cost of storing the metal.

2. Invest in gold stocks

You can invest in gold without ever touching a flake of it by purchasing shares of gold mining companies on the stock market.

The advantage is that if the price of gold suddenly plummets, you may not lose your shirt because the mining company could decide to focus on another metal.

The disadvantage of owning mining stocks is that they can decline with the rest of the market, even when the value of gold is steady. In fact, business factors can always come into play — factors like the company’s financials, the quality of its management team and long-term production prospects.

You can easily invest in commodity stocks through any number of investing apps — although a few will give you a free stock just for signing up.

3. Invest in gold ETFs

Investors might buy into gold exchange-traded funds to avoid the uncertainty that comes with investing in a particular company.

Put simply, these funds are pools of money from investors that are poured into a variety of gold and mining companies. ETFs are traded like stocks; some of the most popular gold ETFs are GLD, GDX and GDXJ.

You will have to be prepared to lose a certain percentage of your investment’s value every year to the fund’s expense ratio. For example, with the largest gold ETF, SPDR Gold Shares, you’ll be charged 0.40% of your investment’s value each year.

Still, ETFs as a whole have very low management fees, and you save even more by buying them through an investment app.

It’s also important to note that there’s still a measure of uncertainty when investing in ETFs. Although these funds are heavily diversified to reduce risk, they are subject to the fluctuations of the stock market.

If the market crashes, the value of your investment could drop even if the value of gold doesn’t change.

4. Buy gold futures

Gold futures are very complicated. They’re contracts in which you agree to buy a set amount of gold at a specific price some time in the future.

Traders can strategically buy and sell futures contracts to profit from the changing price of gold.

Buyers of futures contracts profit when commodity prices rise. Sellers of futures contracts profit when commodity prices fall.

The contracts typically require a minimum purchase of 100 ounces of gold. Novice investors should exercise extreme caution with futures contracts due to the high degree of borrowing typically involved.

How To Make $2000 Yearly with Bronze


Bronze is an alloy consisting primarily of copper, commonly with about 12–12.5% tin and often with the addition of other metals (including aluminiummanganesenickel, or zinc) and sometimes non-metals, such as phosphorus, or metalloids such as arsenic or silicon. These additions produce a range of alloys that may be harder than copper alone, or have other useful properties, such as strengthductility, or machinability.

The archaeological period in which bronze was the hardest metal in widespread use is known as the Bronze Age. The beginning of the Bronze Age in western Eurasia and India is conventionally dated to the mid-4th millennium BCE (~3500 BCE), and to the early 2nd millennium BCE in China;[1] elsewhere it gradually spread across regions. The Bronze Age was followed by the Iron Age starting about 1300 BCE and reaching most of Eurasia by about 500 BCE, although bronze continued to be much more widely used than it is in modern times.

Because historical artworks were often made of brasses (copper and zinc) and bronzes with different compositions, modern museum and scholarly descriptions of older artworks increasingly use the generalized term “copper alloy” instead.

Though bronze is generally harder than wrought iron, with Vickers hardness of 60–258 vs. 30–80, the Bronze Age gave way to the Iron Age after a serious disruption of the tin trade: the population migrations of around 1200–1100 BCE reduced the shipping of tin around the Mediterranean and from Britain, limiting supplies and raising prices. As the art of working in iron improved, iron became cheaper and improved in quality. As cultures advanced from hand-wrought iron to machine-forged iron (typically made with trip hammers powered by water), blacksmiths learned how to make steel. Steel is stronger than bronze and holds a sharper edge longer. Bronze was still used during the Iron Age, and has continued in use for many purposes to the modern day.

What is the difference between brass and bronze?
Brass and bronze are both metal alloys, which means they are a combination of two or more different metals. Brass is composed of copper and zinc, whereas bronze is made up of copper and tin, sometimes with other elements such as phosphorus or aluminium added in.


  1. Small Parts and Panels

Due to its corrosion resistance and unique coloring, bronze is commonly used in the manufacture of coins, hardware mounts, furniture trim, ceiling or wall panels, ship hardware, and all sorts of automobile parts.

  1. Sculptures

Maybe more than any other metal, bronze is used for artful forms of sculpture.  Bronze, in particular, has been the preferred metal for sculptures because of its ability to expand just before it sets.  This property allows for the most intricate details to be brought to life.

Additionally, bronze constricts as it cools making it easier to remove the mold.

  1. Musical Instruments

The bronze alloy commonly known as bell metal has long been the preferred choice of metal for bells and cymbals.  This is largely because of its timbre and durability.

Bronze is also a great choice for the windings of nylon and steel strings in instruments like pianos and guitars.

In recent years, instrument manufacturers have also started making saxophones.

If you’re in the market for a high-end musical instrument with precise timbre and tuning, chances are bronze is incorporated somewhere in the production.

  1. Architecture

If you’re looking to build a structure that stands the test of time and preserves its original, natural look, bronze is a great choice.

Whereas other metals will undoubtedly patina over time, bronze’s raw, pinkish finish can be maintained with frequent oiling and polishing.  Treatment of architectural bronze can also be achieved through periodic applications of specialized lacquers.

  1. Safety Tools

Steel tools like hammers, mallets, axes, and wrenches can cause sparks.  If they’re used in close proximity to flammable materials, they can pose a serious safety hazard.

That’s exactly why bronze has become an increasingly popular material for these tools.  It’s non-magnetic and spark-free properties virtually ensure safety, even when working around flammable objects.

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