7 Ways to Make Money Online
January 18, 2008
Do you want to find ways to make money online?
If so, then you’ve come to the right blog. Every week I publish 2 to 3 articles designed to help you turn the Internet into your own little cash machine. I’ve been earning my full-time living online for 12 years now, and I’ve helped thousands of others do the same.
Below are 7 ways you can begin making money online today…
Method #1: Information products
Hopefully you noticed by now that creating information products such as ebooks, CDs, DVDs, and home study courses are my favorite way for someone to get started online. You take your knowledge and experience…and you bottle it up to sell to others. You can even get started in an online information business using other people’s knowledge. Pick a market. Do a survey. Then take the questions from the survey to interview another expert on the subject. Your questions are provided by your visitors…and the answers are provided by the expert. All you had to do was take action.
Create a product once. Get paid on it forever.
If you’re interested in getting off the treadmill of trading hours for dollars in your own information business, check out this link…
Method #2: Affiliate Selling
You can get started online today without even having your own product or service. There are millions of affiliate programs where people are ready and willing to pay you a fee for every new customer you send over. You can even find programs which will pay you for every lead sign-up you send them.
Right this minute I am earning what many consider a full-time income directly from affiliate programs. And I do it without spending a penny in advertising, because affiliate programs are a secondary income for me compared to the sell of information products. Most of my affiliate sales come because of mentions throughout my products about other related products you can find online.
Method #3: eBay
The majority of Google visitors are looking for free information. eBay visitors are looking to buy something. They may be bargain shoppers, but they’re on eBay to spend money unlike many other sites. By finding the right products you can quickly develop your own Powerselling business on eBay…or you can expand your business by opening up an eBay division to increase your profits.
Method #4: Freelance Work
Offer your skills as a freelancer through sites such as eLance.com or Rentacoder.com. Or train in Internet marketing skills to become an online virtual assistant to assist others in their businesses. If you want to move towards a higher income, train to become a copywriter, business coach, or web site designer…skills business owners are desperate and willing to pay for. You can eventually expand any of these skills into a business by outsourcing your work to others or training a staff to handle the work.
Remember, offering a service doesn’t mean you have to be the one doing the service. Create a system. Then outsource the system while you sell the service.
Method #5: Buy and Sell Domain Names
Some people are in the online real estate business where they buy and resell domain names. Some are even in the “online real estate development” business which means they buy a domain name and put a basic site on it with a few incoming links. Then they resell it a “developed domain.” You can go to the Sitepoint Marketplace to see the types of prices these domains are going for.
Obviously developing a site and making it profitable greatly increases it’s value!
Method #6: Drop Shipping
You become an expert at selling online. There are thousands of companies who will supply you with products and fulfill your orders for you. Products are not the problem. They’re easy. You are always in a business of building an audience of customers who and ready and willing to buy from you. Then you make money selling them products you develop, products you’re an affiliate with, or products you have drop shipped for you (For example Worldwidebrands.com is one of the resources where you can find thousands of drop shipping companies).
Method #7: Sell Advertising
You don’t even have to sell a product. You can simply sell advertising. Build an audience. Generate traffic. Then sell advertising. You’ve probably heard for “Made for Adsense” type sites, and that’s one way to go. If you generate quality traffic though, you’ll almost always make significantly more money by selling the advertising directly to companies who want to reach that target market.
You’ll notice I don’t sell advertising in my newsletter or anywhere on this blog. My traffic is more valuable to me in selling my own products or affiliate offers. This is still a strong revenue producer for many sites. For example, see Darren Rowse talk about some of his advertising income here…
Why Didn’t I Include Blogging Above?
You probably noticed blogging wasn’t included above. Why? It’s because blogging a promotional tool to help you do one of the above. For example, I use this blog to primarily sell my own products and coaching services.
Another blog may be in existence to promote affiliate programs. While another may be published to sell advertising space.
Too many bloggers work their butts off on a blog without figuring out how in the world they plan to make money from it. Are you going to be selling your own products and services? Are you going to promote affiliate products? Are people willing to spend a significant amount of money to advertise in your market (check Adsense to see how much people are paying for clickthroughs)?
How will you turn your website or blog into profits? You should have that answer day one before you even get your site up.
Otherwise you’ll spend the next few years jumping from opportunity to opportunity without getting anywhere.
Make a decision now…and start making money online.
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I have to agree with you on blogging. Many people think blogging is a quick and easy Internet business. Some companies are marketing blogging as such for their own products.
If it were only that easy.
Terry – thanks for the reminder of the many possibilities to make money. All possible if you just jump in and start taking action.
One other point that is important is to try one of these ideas at a time and don’t try to run after them all at once. Become successful at one way and then try out another.
Danielle
[...] ==> http://www.terrydean.org/7-ways-to-make-money-online/ [...]
Thanks so much for sharing the various methods one can use to make money on the internet. Appreciate your advice.
Thanks for the blog post Terry. I also think you should find something you are comfortable with and stick to it until you master it and are making good money, then go on to try another money making vehicle.
As you posted, there are many ways to make money, it’s amazing.
Great post Terry.
I agree with you that blogging is a tool and not a business in itself.
I have used some of the ideas and they worked for me. Will be looking for one to add to my line of businesses.
Hope you had a great weekend man
God bless you so much!
okay so I’m getting pitched every day, to buy this wonder course etc. we have all been there. I live in England. I write this as a way of stating I have real motivation, and honestly to `just get it said’ so as to speak. Every thing is really scary at the moment. Been wanting to get going and have retreated into `fantasy comfortland’ too many times, dabbled a few times – made no serious money. Although I am an OK electrician, I really wouldn’t mind if I did not mend another electrical thing. I want to create a business that will provide an income so that I can buy my own permanent base, and concentrate on freeing my time to pursue my studies and growth as a healer and spiritual person. Oh, and due to recent collapsing personal (marriage) issues, money is really tight. So I want to know in steps that I can follow, and do part-time . What is my first step now please?
Hi Peter,
The absolute first step is to spend some time going through my blog here (we have a lot of archives on the right side of the page to go through). This is free and will get you some of the basics (there is a lot of bad information online).
The next step is I’d go with a low cost product such as http://www.lowcostcoaching.com/beginner to get your feet wet and really understand what it takes to build a successful business (that person is from the UK also).
Terry