7 Great Ways to Make Money Online
There are lots of ways to make money online, but here are seven great ways to grab a buck and work from home.
Set up a Blog
One of the best and lest expensive ways to make money online is to have your own blog. With your own blog you can make money by advertising products for sale (AdSense Ads, Widgets or TextAds) and you can also sell other peoples products using Affiliate Marketing.
Both WordPress and Blogger offer free blogs with basic templates and formats anyone can set up for free. And not only are these sites free, the search engines seem to love them. Translated that means you don’t have to wait months before you are indexed by the big guys.
Affiliate marketing is where you deliver shoppers to a seller’s website and you are paid a portion of the profit if your shopper makes a purchase. You place a special link on your website, blog, email, ad or article which takes your reader to the seller’s website and you get a commission if the shopper buys.
According to reports, in 2006 it is estimated affiliates worldwide earned $6.5 BILLION in commissions. That’s not chump change. This is a huge industry – with networks, forums and magazines devoted to providing information on how to make money online.
The amount of money you make depends on what sort of product you market, how you market it and how hard you work. The three most recognizable affiliate networks are Amazon, ClickBank and Commission Junction.
eCommerce or Electronic Commerce is the buying and selling of products or services over electronic systems such as the Internet. Any store selling products where the sales originate electronically, whether the product is electronic or an actual physical product which will be shipped to the customer, is considered eCommerce.
It is always difficult to start a business whether online or down the street. You would be advised to do a great deal of research before you settle on a specific niche for your business or decide what type products you intend to offer.
Creating and Selling Your Own Product
There are a number of different type products you can offer if you decide to create your own product. It can be service oriented, such as website designs or a form of copywriting; webmasters are always looking for original content. You can also create electronic products such as ebooks, programs or software which could be of benefit to others.
If you’re a photographer, you can make your pictures available for sale and download. There are a number of websites selling photos done by gifted photographers. The earnings per photograph are small but as your portfolio grows so does your income.
Sell Wholesale Drop Ship Products
There are a number places you can sell products – either your own or those of others. eBay springs to mind as do eCommerce stores. In case you’re not familiar with Drop Ship Wholesalers, there are several very reputable services.
With a drop shipper, you take the order and then simply order the product from the wholesaler and have it shipped to the customer. You never have to deal with the product at all.
Online Real Estate or Flipping Domains
This is a business where you purchase a competitive domain name, develop a website, preferably moving the rankings for the site toward the first page of the search engines. Then you sell the website, complete with backlinks and ranking for a profit.
Flipping a site as it’s called is named for the practice in the real estate market of buy a house which is run down or somewhat derelict and renovating the property and selling for a profit.
Freelance or Contract Work
If you are able to design websites, whether in HTML or better yet XHTML you have a skill others are willing to pay to hire. If you’re able to write articles and provide content for webmasters, you can put your skills out for hire on the internet. There are webmaster forums that regularly hire web designers and content writers.
Hopefully, these 7 great ways to make money online have given you a few ideas.