8 Ways to Earn Online Money

By admin | May 18, 2010

Probably you arrived to this website because you want to learn how to earn money online.
The internet offers hundreds of different ways to earn online money, I have built a list containing the most popular among them.

1. Start your own blog or website
Among all the available ways to earn money online this is the most popular and most used by everyone.
By just displaying ads or selling products and services you can earn thousands of dollars every month.

Starting a website or blog is very easy and the costs are really low or unexistant.
You can set up your blog for free right now by just joining a free blogging network like wordpress.com or blogger.com
After you set up your blog and create the content you are ready to start earning money.

These are some ways to earn money with a blog
* Google Adsense: This is the biggest advertising network on the internet.
After you join the program you will be required to place a few
banners on your website. Each time a visitor clicks the ads you will earn a commission.
* Selling advertising space: In order to use this monetization method your site needs to have certain amount of traffic.
You just need to place the banners on your site and charge an amount of money per month.
* Affiliate programs: Some of the most popular affiliate programs are Clickbank, commission junction and amazon. Most of these programs sell digital products like ebooks and software. The only thing you need to do is place the banners on your site. Each time your visitors purchase a product you will earn a commission.
* CPA Networks: These include pay per lead and pay per action programs. Some of the most popular cpa networks are Azoogle, Copeac, Rocket profit and MaxBounty. You will be paid per action or per leads.
* Sell you own products and services: In order to use this method you need to develop your own product or be a service provider.

2. Affiliate Programs
An affiliate program has 3 parties: the customer, the affiliate (you), and the merchant.
Everytime the affiliate sends a customer to the merchant website he receives a commission from the merchant.
The affiliate needs to promote the merchant website and he is paid everytime he gets a customer.
There are 3 types of affiliate programs: pay per sale, pay per lead and pay per click.
Pay per sale: The merchant pays you everytime you send a person to the merchant website and he buys the product. The biggest pay per sale affiliate programs are Clickbank and Amazon.
Pay per lead: The affiliate gets a commission for each visitor he sends to the merchant website who signs up as a lead (meaning that he fills out a certain form at the merchant website)
Pay per click: In these kind of programs the affiliate gets paid for each visitor that clicks on the links to the website of the merchant company.

3. Freelance
If you have certain skills (writting, design, programming) you can generate a very good income as a freelancer.
Some of the most popular freelance jobs online are: content creation, design, programming, business consulting, web research, customer service and virual assistance, legal consulting and finance consulting among many others.
In order to start working as a freelancer you need to promote your services on the internet.
The most used freelance marketplaces are elance.com, guru.com and mediabistro.com
You can also go to the big webmaster forums like digitalpoint.com and sitepoint.com, these are used by webmasters who are looking for programmers, writters, designers and other web based service providers.

4. Site Flipping and Domain Reselling
A site flipper makes money by purchasing a domain name, developing the website and reselling it to interested buyers.
In order to take advantage of this kind of business you need to know how to build a website including the content creation and the design.
Some marketplaces you can use to resell your domains and websites are: digitalpoint.com, sitepoint.com, and sedo.com

5. Create and sell your own products
Some of the products you can create include ebooks, software, templates, wordpress themes and many others.
After you create and develop the product you need to decide how to sell it. There are many options, including creating and promoting your own website, using clickbank, eBay, among other methods.

6. Auctions (eBay)
The concept is very easy to understand: buy a product for a cheap price and resell it for a higher price. You can also auction your own products.
To find cheap products you can use sites like bidfuel.com, halfpricebooks.com and cheapism.com; you can also visit your local library when they have books sales, flea markets. In order to find extremely cheap digital products you can visit webmaster forums like digitalpoint.com and warriorforum.com

7. Network Marketing (MLM)
MLM programs are very similar to affiliate programs. The difference is that you will not only get paid for your own sales but also you will receive commissions for the sales made by your referals.
One of the most popular mlm programs is SFI Marketing Group.

8. Sell access to premium content
If your site has very valuable content (information, tutorials, software, articles, ebooks) you can charge users a monthly fee to have access to the download area or a special section of the website.

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