Paid Surveys Online

Taking online paid surveys is an easy way to make money in that you don’t need special skills or knowledge to complete one. The only way to really make a good amount of money is by joining as many market research and survey companies as possible. This method isn’t really something I would recommend in that you won’t get a steady income from it and you may not always qualify to take certain online surveys.

Selling Products or Services Online

Another way of making money online is by setting up an online store. It may cost a lot to start an e-store, however, one way to start an online business with minimum capital is to deal with drop ship wholesalers. A drop ship distributor is a wholesale company that will ship products directly to your customers. There are many pros with this setup: you don’t have to store any inventory because the wholeale company will ship products directly; you don’t package and ship the products; you don’t need to pay for products unless they are sold; your customer will pay the retail price of the product and you pay the cost of the product that was charged by the distributor in which the difference becomes your profit. The cons of drop shipping services are: you are open to scams and may encounter unreliable drop shippers; you won’t get as good a deal on products due to the fact that you’re ordering products one at a time as opposed to buying in bulk; shipping costs may be high and may turn customers away. eBay is usually the best place for anyone to start selling their products with drop shipping systems.

Making Money with Affiliate Marketing

Affiliates make money on the Internet by selling other business’s products or services. They earn commission whenever they send traffic to their merchant’s website and someone purchases something. This was mentioned before and can be used in blog sites or normal websites. The main task of affiliates is to advertise and promote their merchants’ websites through affiliate links or banners.

Making Money with an Online Blog

A blog or weblog is basically a website with regular updates on a specific subject or a variety of subjects. There are several ways you can make money with a blog: placing revenue generating ads on your site such as Google Adsense, joining affiliate programs and placing affiliate links and banners on your blog (earn through clicks or commission when someone has purchased a product using your affiliate links or banners) and by promoting and selling your own products.

Getting Started - Making Money Online

First and foremost, you will need to have an idea on how you plan to make money online and the best way to achieve this. It is a good idea to brainstorm a few ideas and then do a bit of research. There are many ways people receive revenue from the Internet, these are just a few ways: Google Adsense, affiliate marketing, domaining (buying and selling domains), reselling on eBay, blogging etc.

After you have thought about the direction you wish to take in earning your first buck online, you will need to establish a website (register a domain name and get hosting for your website). For those who don’t have money to pay for hosting and registering a domain name, you can always start a blog on Blogger.com (it’s free and easy to use!).

You have to keep in mind that making money online isn’t easy and won’t happen over night. A lot of time, hard work and patience is required in order to start seeing results. As I mentioned earlier, there are many ways people make money online. I want briefly explain how this is done for a few of them: