One doesn’t need to suffer through monotonous day jobs which offer poorreturns for the time invested.
Indeed, why make $7 an hour selling coffee behind a counter when you caneasily earn the same amount by spending 10 minutes to write an article on yourblog?
Even if you’re not looking to work full-time at home, the internet offers aviable source of money which can help to supplement your regular income.
Cataloging the Different Ways to Make Money Online
A basic search on Google will reveal many ways to make money online and most of the websites listed in the search resultspages all seem to focus on the same methods of making money.
I thought it’ll be a good idea to categorize and compile a list of the onlinemoney making methods available so that future visitors to Dosh Dosh will have areference point which provides them with all information they need.
This list uses a rather broad categorization, which I believe covers most ofthe ways to make money online. More methods and examples of how to make moneyonline will be added to this list, which can be considered a work inprogress.
- Set up a Blog or Website for Profit
One of the best ways to make money online is to create a website or blogwhich allows you to earn money from the display of advertisements or the sale ofproducts and services.
There are many different types of money making blogs which will help you to make money and you’ll need topick a model that suits your interests, schedule and skill levels. A simple nofrills blog will allow you to easily pull in at least several hundred dollars ina month through the use of paid blogging websites alone.
For more information, check out Dosh Dosh’s archive of articles on how to make money blogging. Apart from blogs, other websites can easily help you to generatepassive income as well. These can range from e-commerce websites, socialcommunities and information portals to basic landing pages for affiliateprograms.
- Learn about Affiliate Marketing and The Art of Selling
This involves promoting a specific product or service and earningcommissions whenever the referred user makes a purchase based on yourrecommendations.
Affiliatemarketing is a big and profitable industry that covers a wide spectrum oftopics and fields. If you’ve got an interest in fitness, you can make moneypromoting fitness videos or courses. In terms of fashion wear, you can earncommissions by recommending friends to clothing or t-shirtcompanies with affiliate programs.
The amount of money you make depends on what you are selling. Done correctly,affiliate marketing is one of the most powerful ways to make money from the web.Amazon, Commission Junction and ClickBank are three of the biggest affiliate marketplaces youcan use if you’re branching out into affiliate marketing.
- Start an Online Business
Starting your own online business or company allows you to make money offthe provision of specific services or products you may have. Some examples ofpopular online trades include web design, copywriting and internet marketing.
It isn’t difficult to start a business. It’s all about hiring the rightpeople or having enough knowledge and connections within a specific industry.You should do some in depth research before you decide to settle on a specificniche for your business. Entrepreneur.com has agood collection of tips on how to start an online business.
- Try Out Domaining and the Online Real EstateTrade
This is the business of buying, selling, developing and makingmoney from domain names. A domainer purchases many domain names and sellsthem to interested buyers. This is similar to real estate investing offline anddomainers also make money by developing websites and reselling it to a buyer.
This practice is known as site flipping and can make you a tidy sumof money if you know how to build an attractive and profitable website. For arough estimate of how much money you can earn from site flipping, check out theSite Point Marketplace to browsethrough the collection of websites for sale.
- Participate in Get-Paid-to Websites
There are hundreds of websites out there which you pay you to read emails,do surveys, sign up for trial subscriptions and surf the web. Websites thatpay you to complete offers are worth examining because theyusually include affiliate programs with recurring commissions to be earned.
The benefit of get paid to web sites is that you don’t need to have your own website or any personalskills at all. The downside is that there are a lot of get-paid-to scams aroundand finding websites that are legitimate can be fairly difficult. Scam.com is a forum you should visit to learn ifthe get-paid-to website you’re interested in actually pays its members.
There are also several Web 2.0 or socialmedia websites out there that will pay you to participate in their community.This collection of social media web sites usually operate via a revenue-sharing system, which allows you to earn a share of the overall ad revenue. How muchyou earn depends on how much your submitted article, video or image isviewed.
- Find a Virtual Job or Make Use of YourExpertise
Not only limited to data entry jobs, online jobs in the new economy include virtual assistants, gold farmers, online lifecoaching and support for open source software. Mini consultation networks like Bitwine and Ether allow you to easily set up shop and offer advice on specific topics through theweb.
Most of these virtual jobs involve direct communication through electronicmediums like internet telephony, instant messengers and emails. Which means thatall you need to get started is a home computer with an steady internetconnection.
If you are an expert in a specific topic, you can offer consultation viawebsites like Jyve or Just Answers. Other skill or knowledge based vocations also include participationin online competitions in areas such as photography, writing, designing and even gaming.
- Freelance and Work on a Contract BasisOnline
If you have a skill such as web design, programming or copywriting you canoffer your services online in exchange for money. Traditional freelancing jobsinclude transcription, proofreading, translation services on top of the onesalready mentioned above.
Online marketplaces that you can use to offer your services include Guru.com and Elance. One of the best ways tofind freelance jobs is to visit web master forums because webmasters usually require a variety of web-based services,which range from programming and content writing to design work.
If you’re focusing on writing if don’t own your own blog, you can still makesome money by registering for web sites which will pay for your content. Another alternative is get paid to writefor other blogs either as a staff or guest writer.
- Create Your Own Product and Sell it
Products you can create include website templates, sound clips or even yourown ebook. Websites like Luluallow you to easily develop and sell your own collection of electronic productslike calenders, brochures, artwork, images and ebooks.
If your specialty is images and photography, citizen journalism websites likeSpymedia and CitizenImage will pay for your images. Other stock photography websites to considerinclude Shutterstock and Fotolia.
This also ties in with the concept of creating your online business, whichwill allow you to sell the products you create or own without resorting to athird party website which will usually take a commission of the sale.
- Get Involved in the Online Retail Trade
Ebay and Craigslist are the two of the mostpopular websites you can use if you are planning to get into the online retailtrade. You can purchase products from either website to sell to the other.
Alternatively, you can specialize use site-specific methods of participatingin the online retail trade. For example, Ebay dropshipping andarbitrage is a method whereby you’ll with offlineretailers or exporters in other countries, or buy from one seller and sell toanother.
Future Updates
In the future, each of the points listed on this list will have it’s ownwebpage with more in-depth information for each specific topic.
Hopefully, this article will serve as an helpful introduction for anyonelooking for information concerning ways to make money on the internet.
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