Ways to Make Money Online
Ways to make money online is a subject of interest to students, home makers, the unemployed, underemployed and folks whose budget does not meet the outgo obligations. If you are looking for ways to make money online you are either not making enough money, you hate what you are doing or you have obligations at home driving you to find a way to make money online.
It is my suspicion that folks looking for ways to make money online probably have a very large cross over with the folks looking for ways to make money from home.
50 Shades of Green
“How do I love thee? Let me count the ways.”
-Elizabeth Barrett Browning
Here is an article outlining “40 easy ways to make money quickly“. Some are pretty sad because they basically want you to hold a yard sale or sell your old CDs.
A short list would include:
- Affiliate marketing
- Auctioning off or selling through your own website products you buy at wholesale.
- Network marketing. The friends and family thing sucks, even when it works. You are looking for a larger audience.
- Reviewing web sites if you have that skill set.
- Offering your Microsoft Office skills to folks who want to outsource from time to time.
- Taking surveys.
- Online market trading
- Write and publish your own Kindle book.
- Being a mystery shopper.
Short Breakdown of These Methods.
Affiliate marketing rocks. Folks make solid 6 figure incomes and better from this field. Basically, you get a link from a company that links you to their product line. When someone clicks on your link and buys, you make a commission. Here is a more in-depth article on the subject.
Also, you see on the right a subject list of which affiliate marketing is one.
Things you no longer want, which is a short term solution, can be auctioned off online. Folks do that through their own website or through auction sites like eBay. Doing this can lead to significant incomes, too. You will need to source products so you have stuff to sell. Amazon also has a partner program you can link to.
No residual income streams are available through this method, buf if you enjoy selling ‘stuff’ this is certainly the way to go. You will want to source products from drop shippers at some point, of course.
The Internet is a heaven sent solution for the network marketing professional. It relieves you of the necessity to call on friends and family. It also eliminates your lying in wait in bookstores and public hoping to run into someone who is looking for a business opportunity.
When looking for ways to make money online do not give network marketing short shrift. Yes, it is true that 98% of the folks who enter into it fail, mostly within 90 days but that is because your plan to sell and make the next level as a distributor has little to nothing to do with the business plan of the company in question.
Pay attention here: The business plan of the company takes into account that 98%+ of new distributors will fail.
Their business plan cannot be your business plan.
The short version is any company offering their stuff through a network marketing concern knows that:
- 98% of distributors fail
- 16% will stay on as lifetime customers.
That 16% is the holy grail for the company.
The Internet gives you the opportunity to market like a professional, making your chances for success greater in my opinion. You can read more about network marketing here.
Folks will tell you this is easy to do, just sign up for our course and you will be on your way to…blah, blah, blah.
You can make money doing this, for sure. The skillset is more rarified than you think and if you have doubts about your ability to do this, you should save your money, seems to me.
Offering your Microsoft Office skills
If you have mad, or maybe not so mad, Office skills, you can make money online. Sites such as eLance prove it everyday.
Often times a company has certain short term projects they want done in a hurry but don’t have the in house skills to do it the way they want it done. This is where you, the Office professional, can make a good sized buck. You save them from the need to hire you and provide benefits and they pay you a higher wage than they could an employee.
This can and often does lead to repeat work from satisfied clients and even long term running contracts that provide some stability to your income.
Purely a spare cash kind of thing. There are courses out there claiming you can make a living income from just doing surveys. I very much doubt it but filling out surveys can definitely help reduce the strain of a bill or two. I know because I have done it in the past.
Don’t waste your time on a course on taking surveys. I have a link to one if you really want it, but my opinion is just start looking for companies that claim to want to pay you for taking their surveys and who will let you sign up for free. It can take some time but if you stick at it you will see significant monies coming in before long.
I am going to include mystery shopping here with surveys because:
- The potential income is limited
- While limited it can help reduce a bill or two
- I have done it and gotten a little money from time to time
- Sometimes you get rewarded with neat free stuff.
Mystery shopping can be fun as it gets you out of the house, maybe earns you a little money and can reward you with neat free stuff from time to time.
Online Market Trading
Day trading and Forex. Highly technical areas and I suspect most of the money is earned selling these courses to folks who really don’t have the pockets to stand the risks involved. That is an entirely personal opinion and worth what you paid for it.
Write and publish your own Kindle book.
Like with Office skills, if you have some special talent, insight into something lots of folks worry about or can tell a good yarn you might want to turn it into a Kindle book so folks can benefit from it while you benefit from their paying for it.
Amazon has a program just for electronic media authors as do some other companies. A word of warning, though. Make sure you understand who holds the copyright and publishing privileges. You might not want to worry so much about a collection of rice recipes but if you are trying to market your novel, your opus, better safe than sorry.
I have written two novels of a trilogy and am in the process of finding someone to do a line edit before I try to publish it. Electronic publishing was looked at but the fine print was so fine I could not be sure I was still the owner of the book if I were to sign on.
If you don’t see a breakdown of the method above it is because I don’t think it is worth breaking down
From here on, we will make the assumption that you are here looking for ways to make money online with methods that have the following characteristics.
- You want to make next month at least what you made this month.
- You would like to not have to re-invent the wheel every month, so residual income is a plus.
- A real income, at least equal to a good job’s pay, is your goal.
- You are not looking for beer money, but real income.
Finding ways to make monley online is easy. Do a search on the phrase and you will get inundated with ways.
Mention it on a discussion board and you will find your email slammed to the point of never being able to read it all.
For me, there are really only fours ways to make money online:
- Affiliate marketing
- Marketing your own products and services
- Finally saying yes to some of your friends who are in network marketing and then taking it to the Internet.
- Creating your own retail website for products you buy wholesale or have a drop shipper who does your fulfillment.
If you are going to invest in building an online business or are looking to maximize your chances for success, you will need training. This is the training I use and it works.