Ways to Make Money on the Internet
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>> Ways to Make Money on the Internet
There are several ways to make money online. Hopefully this article will
help you decide which method to choose.
1. Become an Affiliate
This is the only way I've ever made money
on the Internet and one of the most convenient.
As an affiliate you refer your audience to
various company websites, and when a sale is made you earn a commission.
You are the middleman (or middlewoman) so
you don't have to deal with customer service, taking orders, etc.
The companies you become affiliated with
provide you with a tracking link to use to link to their site. That's how
they track how many sales you've generated.
Almost all affiliate programs are free to
join. It usually involves filling out a sign-up form and within moments
the company sends you the links you need to use on your site or blog.
The key is to choose a subject you love
(hobby, passion, topic, etc.) and build a content-rich site or blog about
Finally, you can go to sites like
AssociatePrograms.com to search for related affiliate programs to join
and promote from your site.
Here's an example. Say you love fishing.
You could create a "how to" site on fishing that provides all the tips and
techniques one needs to become a successful fisherman.
First you'd have to read up on SEO (search
engine optimization) to learn how to get your pages ranked high in Google,
Yahoo, Live, etc.
Then you'd make money by joining affiliate
programs that offer fishing related products. Link to these products from
your site and earn commissions when your visitors buy through your links.
You can also earn money from programs like
AdSense or having other Webmasters advertise on your site. The
possibilities are endless! Thousands of people (including myself) make a
living from affiliate marketing.
2. Sell Your Own Product (Hard Goods)
This is often the most common method
people think of when it comes to making money online. In fact, many people
think it's the best way to earn a solid, long-term income.
I do agree that it can be the most
lucrative approach, since having your own product means you directly
control how much profit you make.
However, there can be some headaches with
this method. For example, you are in charge of everything.
Selling your own product means you are responsible for customer service,
collecting orders/payments (credit cards), developing and shipping the
Thanks to companies like
PayPal, the "collecting payment" part has gotten a lot easier.
In addition, it's usually a good idea to
setup some kind of business name, although it is not necessary.
Selling a product can be a lot of work,
especially if you're new to marketing. However, once those sales start
rolling in, you can build a steady, long-term income.
3. Sell Your Own Product (E-Goods)
An e-good (short for electronic good) is a
digital product that can be easily transferred or downloaded via the
No need to worry about running out of
inventory because the digital format rewards you with an unlimited supply
of your product!
Lots of Netpreneurs sell e-goods because
they are much easier to manage. You don't have to ship the products.
Customers can either download the product immediately after ordering, or
they can be sent via e-mail.
E-books are the most common type of
digital good sold on the Internet. They are often created with software
like Adobe Professional (PDF) and then uploaded to the Net with ease.
Jim Edwards has a useful e-book that shows
you how to create your own e-book in 7 days.
Click here for details.
4. Start an eBay Auction
Who doesn't have excess stuff they need to
get rid of? A lot of people make money on the internet by opening up an
eBay auction site and selling things from their home.
With this method, no website is needed.
All you need to do is sign up for an eBay account and go from there.
I won't even pretend to be an expert on
this subject. I'm an affiliate marketer at heart so I'll let the eBay
experts have this one.
Speaking of experts,
John Thornhill wrote a book on how to profit off eBay and become a
successful PowerSeller like him.
You may find this book useful if this is
the approach you want to take. Nothing like learning from someone who has
actually been there, done that.
5. Sell a Service
Are you a writer? Web programmer?
Consultant? Do you perform any sort of service? If so, you can sell your
services right through
What's cool is that Elance facilitates the
entire work process from hiring to collaboration to payment. In other
words, they will connect you with people how need your services!
Drop shipping is where the retailer does
not keep goods in stock, but instead transfers customer orders and
shipment information directly to wholesalers, who then ship the goods
directly to the customer.
So let's say you want to sell handbags
from a certain company. You would buy the products at the wholesale price,
collect the money from your customs and the manufacturer then ships it to
WordWideBrands.com is a company that helps you
do the research to find what people are buying, tells you where to buy it
and then how to sell it.
Need More Ideas?
This is just a small listing of the
various ways you can make money online. You can do so much more, but these
are some of the most common options.
If you want to see even more examples of
successful websites earning money online,
see this site.
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