Three Legitimate Ways to Make Extra Money Online
The bad economy is driving more and more people to finding alternative ways to make extra money. Too often, people fall for slick “get rich quick” schemes as their desperation rises. The three ideas below won’t get you rich quick, but they can definitely make you some extra cash.
Affiliate marketing is a way for companies to farm out their advertising budget to a large pool of people so that the cost of the advertising is shared.
It works by assigning each participant, called an affiliate, a special link to the product sale page. The link contains an affiliate ID so that all sales that are made through that page will be tracked to the affiliate that made them. For every sale an affiliate makes, he is given a commission, typically anywhere from 25 to 75 percent of the sales price of the product or service.
While you don’t need your own website, having one does help, and having some knowledge of how to advertise online is necessary. Fortunately, there are many resources available online that can teach you everything you need to know, and learning the basics of it isn’t that hard.
eBay and Drop Shipping
You can sell items on eBay on a drop ship basis. When you sell drop shipped merchandise, you only pay for the merchandise once your buyer has paid you for it. Using a drop shipper, you don’t need to worry about inventory, storage, or shipping. Once your buyer has paid you, you simply transmit your customer’s shipping information to your drop shipper, pay for the merchandise, and your drop shipper does all the rest.
The downside to drop shipping is that your profit margin may be very low, and it might be difficult to make up the volume of sales needed to make a decent amount of money. You also have to have some knowledge of what is selling and the going rate to price your merchandise accordingly.
Incentive Marketing/Freebie Trading
This is the easiest way to extra money. Unlike the other two methods, you can really make money right out of the gate. It works like this: you sign up under someone through a special link they give you (sort of like an affiliate link) and you complete a few free or very low cost trial offers. You get paid by the person under whom you are signing up. You can get paid anywhere from $20 to $100 per site by doing this.
Whichever one of these ways to make extra money that you choose to try, remember to act on it. You can’t make money in your head.