Introduction To Online Income
Traditionally, people earn money by taking a job that requires them to work for eight hours a day with a set schedule. This type of reliable income is nice, but, for many it is barely enough to pay their bills every month, let alone have fun and enjoy some of life’s best offerings.
With the numerous income opportunities available on the Internet today, more and more people are ditching their day jobs to pursue the many income opportunities readily available on the World Wide Web.
From taking surveys to blogging to creating your own product and everything in between, there are several ways one can earn money on the Internet these days.
When it comes to making money online there is no shortage of ideas. The key is to find the one that suits your own personal talents, interests and capabilities. Now before the twelve ways to make money online are discussed, there are important things to consider.
Some of the methods discussed take hard work, dedication and commitment. There are no shortcuts and no magic systems. You will not get rich overnight, and the highly overhyped phrase, “make money while you sleep” is not as simple as it sounds, because you have to put in the work to get to that passive income the phrase refers to.
While it takes time, many do start around their day jobs and then quit those when they have reached a desired income level. Many times the level of success one reaches correlates with the amount of dedication, commitment and effort they put in.
Please note that each of the twelve methods discussed in this report are legitimate, honest and real methods that can yield anything from some extra pocket change to an unlimited earning potential. While there are over hyped claims and scams online about online business, these methods are actually very legitimate and viable, and definitely ones to consider for anyone who wants freedom from the 9 to 5.
Now let’s get started with the list of the 12 best ways to make money online.
#1 Affiliate Marketing
Affiliate marketing is an online business that is based on a performance model where affiliates earn commissions by promoting various products and services from online merchants and product developers.
Affiliate marketing offers the opportunity to earn money without needing to develop your own service or product. In affiliate marketing, you get to earn money from promoting products from a merchant or business.
Affiliates get paid a set amount, as prescribed by the affiliate program, whenever traffic they send to a merchant site makes a purchase.
This can be a very lucrative business that offers the potential for unlimited revenue and growth.
Methods Of Affiliate Marketing
- Building an affiliate website
- Email marketing
- Article marketing
- Forum marketing
For example, if you are promoting beauty products, you can build a website based on makeup tips that will offer content to site visitors around that niche. Various related products can be promoted on the site and whenever someone buys with your affiliate link you earn a commission.
The majority of online merchants and businesses have an affiliate program because affiliates bring in quite a bit of sales through their promotion efforts. With the proper knowledge and experience the earning potential is unlimited and there are affiliates who are making thousands of dollars per month.
The great thing about affiliate marketing is you can get started with very little upfront investment. All you need is a domain name, which, will cost you about $15 or less and website hosting that costs about $9.95 per month or less.
It is important to learn how to implement this business model correctly and not fall for false claims and hype that is sometimes propagated online. Basically, if it’s sounds too good to be true, then it probably is.
Seeking out reputable information and also joining popular online marketing forums, such as, the Warrior Forum, Webmaster World and 5 Star Affiliate Marketing forums, and asking questions is a good way to start.
There are many affiliate networks on the web that house multiple merchants and some merchants offer in house programs as well.
Popular Affiliate Programs/Networks:
Ever heard of John Chow? Well he is one of the most successful bloggers in the world making well over $30,000 a month from his blog. More and more people are starting to jump on the blogging bandwagon as it too has a very low start up investment.
Just like with affiliate marketing, all you need is a domain name and hosting. Once you have your hosting you can have your blog set up in a matter of minutes with just a few clicks by using the popular and free WordPress platform.
The key to being successful with a blog is updating it on a regular basis and connecting with your audience. That’s why it is so important you start a blog on a topic you are actually interested in, otherwise you won’t have the desire or interest to keep it up. John Chow started his blog about his journey to make money online and it blossomed into one of the most popular blogs on the entire Internet.
In the blogging model a connection is made with the reading audience and subscriber base and when useful and highly valuable information is provided subscribers keep coming back for more. This also instills a deep trust into the expertise of the blogger, which, can increase the blog’s earning potential quite a bit.
Blog Monetization Options:
- CPC Ads: This is one of the most popular methods where relevant ads are placed on a site and publishers get paid for every click their site visitors make. Google Adsense and Chitika are two of the most well-known examples of such ad networks. High traffic sites can make substantial earnings with CPC, for example, The Huffington Post earns about $2,330,000 every month through this type of advertising.
- Affiliate Sales: Bloggers can promote various products and services related to their niche and earn affiliate income.
- Selling Ad Space: Another method to earn money with a popular blog is by selling ad space to advertisers. Mashable generates $560,000 per month from banner advertising.
Fiverr is a very interesting little site that took the Internet by storm.
Fiverr is a marketplace that connects sellers and buyers with gigs that cost just $5. If you want to make money from the site you can post a gig where people will pay you $5 for some type of task.
The possibilities are endless as there are more than 2 million gigs on Fiverr and it has grown into a huge marketplace with thousands upon thousands of members.
The gigs range from the very weird, like people who will dress up like a monkey to record your marketing message, to article writing and everything in between.
If you have any type of skill, you can likely create a gig that will make you money.
Popular gigs include: Article writing, creating YouTube channels, various marketing tasks, designing logos and other graphic design, making eBook covers, providing weight loss information, video creation, voice overs, commercial messages, consulting guides, selling products and much much more.
As you become a trusted seller in the community and get positive ratings you rank higher in the marketplace search results, which, in turn opens up more opportunities to get more sales.
The other perk of Fiverr is that it can go way beyond $5 per job with what are known as gig extras. Gig extras are add on tasks that sellers create to go with their $5 main gig.
This can be increasing word size in article work, for example, the main gig will be: “I Will Write A 400 Word Article for $5”, and then the gig extra might be: ”I Will Write A 1000 Word Article +$10.”
These gig extras allow the opportunity to increase income levels quite a bit. Some people are making $300-$500 or more per week on Fiverr.
Head over to Fiverr.com and take a look around, look through all the gigs and see what’s selling. This is the best way to ascertain the market, and to come up with appropriate gig ideas for yourself.
#4 Information Product Creation
If you really want to make a fortune online this is can be one of the most lucrative methods. Creating your own information products can open so many doors.
Well-made information products are very popular online, and sites like Udemy, which, is a marketplace for such products is just one example, where many are making a killing by selling high quality information products.
Clickbank is another well-known digital marketplace where popular information products sell and sell really well.
Does it take time? Yes!
Will it be easy? No!
But, the end result will be well worth it. Just imagine creating your own information product you can sell for $27 or more. If you sold just 50 copies a week you would be bringing in $1,350 a week. That’s over $5,000 a month.
That type of money can completely change your life and it’s the type of money you can continue to make on complete autopilot.
And, of course when you recruit affiliates to start selling for you the earning potential can really skyrocket. The money you can make with your own information products is truly unlimited.
Tips To Create Information Products
Research – Do extensive research in various marketplaces to ascertain what products are selling and what the top niches are. This type of information is essential to understand the trends and demands in the various markets that are available. Typically, fitness, weight loss, relationships and business are evergreen niches and if you can come up with something unique, and valuable you can out do your competitors.
Understand Your Target Audience – A big part of research is understanding the audience you will target, consider:
- Who they are
- What problems do they have and are looking to solve
- What they want
- What do they need
Great Content – Successful products are loaded with great content, if it is not useful, or badly written the bad reviews will quickly destroy any earning potential. It is critical to compile a product that will impress your target audience, and brand you as an expert in the respective niche.
Outsource – If you are not a good writer then you can outsource to a ghostwriter on the many online freelance sites.
Figure Out Costs And ROI – It is important to stick to a budget and also investigate the potential earnings of the product you wish to create. Predicting ROI (return on investment) is important as you can quickly spend way more than you will earn.
Engage Affiliates and Joint Venture Partners – Affiliates and joint venture partners are your best asset for sales, they have lists of subscribers in various target markets that they can email your offer to and this can result in hundreds, even, thousands of sales.
Learn All You Can – There are many great detailed online guides to creating successful information products. Do the research, learn all you can.
Learn From Mistakes – When you launch your first product you are bound to make mistakes, that is part of the process, but, learn from them. Take notes and make sure to tweak and fix those mistakes for the next one.
Top Information Product Marketplaces
- Amazon Kindle Store – https://kdp.amazon.com/signin
- Niche related web forums
#5 Freelance Work
As a freelancer, you earn money by providing a service to a website, business or person on a project by project basis. In other words, you are not directly employed by anyone or any business, you work for yourself.
Freelance work means you are an independent contractor who will look for clients that will pay on a per project basis. In some ways, it is like running a regular business, except that you are working right from the comfort of your home.
There is an abundance of freelance work out their just ripe for the pickings. There are many online freelance sites that have literally hundreds of thousands of job opportunities listed right now in all types of professions.
Some of the freelance work available includes:
- Website manager
- Graphic design
- Virtual Assistant
- SEO work (link building)
If you some type of skill or talents you are sure to find freelance work on these sites.
Freelancing offers flexible income opportunities empowering professionals to choose their own schedules and volume of work based on their needs and availability. The income from freelancing projects varies and is based primarily on the nature of the work chosen, duration, source from where the work is obtained and of course, the expertise level of the freelancer.
Top Freelance Sites
- iWriter.com (writing jobs)
- Textbroker.com (writing jobs)
#6 Article Writing
Marketers and online business is always in need of content on a regular basis. If you can write a decent article you can make some extra money pretty fast.
There are plenty of writing opportunities online, and lots of websites that bring buyers and sellers together.
It is important to establish a good reputation by providing excellent quality that is fully proofread and properly edited.
Top Writing Sites
- iWriter – http://www.iwriter.com
- Textbroker – http://textbroker.com
- Hire Writers – https://www.hirewriters.com
#7 Create An App
Apps for Android, iPhone, Blackberry and Windows devices are big business. App download sites are multi-million-person marketplaces, and even $1 or 2 apps can yield a nice revenue stream. Of course, if you are not a programmer you can outsource your idea to a qualified professional by hiring a coder on one of the freelance sites.
It’s important to do extensive research into what is selling, what is highly rated and what holes might exist in the market for apps you can create. Get creative and make something better than the competitors.
App Developer Sites
- Android: http://developer.android.com/index.html
- iPhone: https://developer.apple.com
- Blackberry: http://developer.blackberry.com
- CDW – https://appmarketplace.cdw.com
Best App Marketplaces
- Google Play – https://play.google.com/store
- Android Pit – http://www.androidpit.com/en/android/market/apps
- App Brain – http://www.appbrain.com/app/appbrain-app-market/com.appspot.swisscodemonkeys.apps
- Amazon Android Apps – http://www.amazon.com/mobile-apps/b?node=2350149011
- Slide Me – http://slideme.org
- Opera Apps – http://apps.opera.com/en_us
- Make Use Of Android Marketplace – http://www.makeuseof.com/tag/android-market-marketplace-for-android-apps
Blackberry – http://appworld.blackberry.com
#8 Sell eBooks
eBooks are a multi-million per year market and there is plenty of demand for eBooks on all types of subjects. With the advent and recent explosion in the book reader market, like the Barnes and Noble Nook and Amazon Kindle that are selling like hotcakes, eBooks have seen an influx of sales like never before.
In fact, Amazon sells more digital books than printed ones and Kindle book sales averaged 1 million per week in 2013.
Self-publishing has grown tremendously in the last couple of years, and ¼ of the top 100 bestselling Kindle books on Amazon in 2012 came not from publishing houses, but, from self-publishers.
The publishing house Random House reports that 20% of their revenues come from digital books.
Steps To Creating An eBook
Research is of utmost importance when it comes to creating an eBook that will make real money. And, while it may not fall in line with your interests, niche selection, at least, when it comes to informational non-fiction books should always be in line with market demands. This will facilitate the highest earning potential.
Spend a few hours at the Amazon Kindle marketplace.
Check out the top sellers and pay attention to:
- User reviews, number of reviews and average ratings.
- Is there a correlation between rating and current ranking?
- What niches are at the top?
- Read book descriptions.
- Read Editorial reviews from Amazon.
- See what books are it the top 10 for both fiction and nonfiction.
- What genres stand out?
- Note the average price of Kindle bestsellers.
- What cover designs are used?
Writing The eBook
Title: It is important to consider the title carefully. The cover and title provide the first impression and are essential in engaging buyers. Go back to the best seller list on Amazon again and check out the titles carefully.
Content: It is important to consider the content carefully. Is it unique? Does it bring something fresh and new to the table to distinguish it against the competition? What value does it bring? Is it interesting? Useful? Captivating?
Outline: Make sure to create a very detailed outline, from the introduction to the last paragraph. Look to other books for inspiration, and the best organizational methods.
Hire a ghostwriter if you are not comfortable with writing, but, make sure to do all the required research to facilitate the highest ROI (return on investment).
Top eBook Marketplaces
- Smashwords – http://www.smashwords.com
- Amazon – https://kdp.amazon.com/signin
- Nook Press – https://www.nookpress.com
- Kobo – http://www.kobo.com/writinglife
- Book Tango – http://www.booktango.com
- Lulu – http://www.lulu.com
- Scribd – http://www.scribd.com
- Payhip – https://payhip.com
- Tradebit – http://www.tradebit.com
- eBook Kit – http://www.ebookit.com/index.php
- eJunkie – http://www.e-junkie.com/ej/selling-ebooks.htm
- Blurb – http://www.blurb.com/ebook
- My eBook – http://www.myebook.com/index.php
- Instabuck – http://instabuck.com
- Payloadz – https://www.payloadz.com/ebooks.aspx
- Clickbank – http://www.clickbank.com/product-creator
#9 YouTube Marketing
Have you been watching the news lately? If so, you have heard the numerous success stories of people making a full time income on YouTube.
- YouTube has 1 billion plus unique visits every month.
- There is more than 6 billion hours of video watched each month, which in math terms means 1 hour of video for every person on Earth.
- There are millions of new subscribers to the thousands of channels on YouTube.
- YouTube’s reach is larger than cable television with US adults ages 18-34.
- Subscriptions on YouTube have tripled since 2013.
As you can see, video marketing is a very viable way to make an online living, especially, when those videos go viral or are truly useful and interesting, as this increases the chances of them getting shared. There are thousands of channels that are making six figures per year.
YouTube Partner Program
The YouTube partner program is how money is earned through various monetization methods for video creators.
- Paid subscriptions
There are also various resources and programs run by YouTube that help newbies build an audience and develop their channels.
How To Start
It’s all about creating videos that provide value on a regular basis. If you like fitness start a fitness channel. If you like to cook start a cooking channel. It’s also important to look at existing videos to see what is being viewed most and what is in demand.
Make it a point to post as many videos as you can. The more videos you have up the more views you will get. And the more views you get the more money you will make.
Many have affiliate marketing websites or blogs and they use YouTube to drive traffic to those. The possibilities with video are really unlimited.
Go look at some of the top YouTube channels for inspiration. Look at what they are doing to see what’s working. Putting up your first video might be the hardest step but, before long you will become a master.
Learn More About YouTube Marketing Right From The Source:
#10 Online Surveys
Yes you really can make money online taking surveys. However, you do have to be careful. There are a lot of scams out there when it comes to making money with surveys.
About Survey Sites
You do not have to pay to have access to legitimate survey companies. The honest research companies are always free to join and they pay you, not the other way around.
You will not become rich from online surveys, but, you can make some nice money to supplement your day job, or to save up for something special and have fun at the same time.
The best part of this type of online earning schema is that you can work from home, in your sweats, on your own time and without it disrupting your day job. Take surveys in between household chores, while watching television or even on your lunch break and still get paid!
The main perk is that you have flexibility and you can choose. The only requirements for this online work is a computer, an Internet connection, an email account and the desire to answer various questions about your life, products, and other research topics.
How Survey Sites Work
- Once you register, you will get regular invitations to submit various types of surveys intended for specific research.
- Qualification is typically determined with the first few questions, and sometimes you may not qualify as they are based on certain demographics.
- Once you complete the survey you will be credited with the respective award.
- The majority of surveys take about 10 to 30 minutes to complete.
- Some survey companies also conduct surveys via telephone, cell phone texting and in-person focus groups, and these usually pay more.
How Survey Sites Pay
The majority pay in cash, which, is credited to your account and then sent out via check or Paypal as requested. Some, however pay in points that accrue over time and can then be spent on various products or gift cards.
Make sure to read their rewards information page to find out how they pay and if it suits your needs.
13 Legitimate Free Survey Sites
- Global Test Market – http://www.globaltestmarket.com
- Toluna – https://us.toluna.com
- American Consumer Opinion – http://www.acop.com/Default.aspx
- Clear Voice – http://www.clearvoicesurveys.com
- Valued Opinions – http://www.valuedopinions.com
- My Survey – https://www.mysurvey.com
- Opinion Square – https://www.opinionsquare.com/home.aspx
- Socratic Forum – http://www.socraticforum.com
- Survey Savvy – https://www.surveysavvy.com
- Zoom Panel – https://zoompanel.com/how
- Esearch – http://www.esearch.com
- Vindale – https://www.vindale.com/v/index.jsp
- i-Say – http://i-say.com
- Swagbucks – https://swagbucks.com
#11 Sell Stock Photos
If you love photography there is a big demand for images online that marketers and websites use for their publishing needs.
You can earn royalty fees each time your image is downloaded and more from royalty free image sites under certain circumstances. The more images you have uploaded the more money you can make.
And, once uploaded this is totally passive income.
9 Top Stock Photo Marketplaces
- iStock Photo – http://www.istockphoto.com
- SmugMug – http://www.smugmug.com/pro
- Fotolia – http://www.fotolia.com
- Dreamstime – http://www.dreamstime.com
- Shutterstock – http://www.shutterstock.com
- Alamy – http://www.alamy.com
- PhotoShelter – http://www.photoshelter.com
- 123RF – http://www.123rf.com
- Can Stock Photo – http://www.canstockphoto.com
#12 Sell On eBay
Become an official eBay seller, and sell products to a huge number of consumers from all over the world. There are many options to sell on eBay, which, is an auction site that has millions of members worldwide who shop there on a daily basis.
As an auction site, eBay can also be used to sell used items that you do not need anymore, but, can be useful to others.
eBay also has a digital section where you can sell information products, how to guides and even eBooks.
It is fairly easy to set up an account and sales pages on eBay, they take you through a step by step wizard that allows you to set your price, ad images, add sales copy and more.