Ways to Make Extra Money Online
It is important to know the available major ways to earn money on internet and the concerned method of execution before you decide your money making model of choice. Here I will talk of some genuine & effective and result oriented online money-making-models giving you an overview of the ways so that you can take a better decision about which way to go. Now let us concentrate on the ways.
1.Creating Websites for extra Cash
Creating different type of websites and making it profitable is one of the major ways to make extra money using internet. Websites could be about anything in any market. Market Research, Keyword Research and Competitor Analysis and the ultimate profitability analysis are the not-to-avoid steps in order to decide what your site will be about. You have to decide as per the resources and investment capability you have. Opportunities are endless in the true sense. You find out a market and give them what they want.
2.Creating Blogs and Making money off of it
Creating business blogs would surely earn you significant amount of money online if you do it like an internet marketer. Blogging only for socializing may not be profitable but when you do it with a specific business orientation in mind it becomes highly profitable. You might be knowing that search engines love blogs for its updating nature and ranks well in SERP without much effort. You can even get started for free with Blogger.Com if you are short of money. Those who want to blog like a professional do, should blog on WordPress (Software by WordPress.Org) platform with custom domain and Hosting. Steps like Finding a Market, Researching Keywords, Analyzing Competitors, Profitable selection of keywords and ultimately making good use of the keywords by writing useful articles/Providing useful content are what you need to do to make your blogging rewarding.
3.Selling Your Products/Services
Selling your products/services online to make big times takes a bit of advanced strategies like , Quality Product/Service, building credibility, Portfolio Presentation, Good Sales Copy, Email Marketing, Recruiting Affiliates and continuous support in place. But digital information products like eBooks can easily be sold by different easier techniques. Good SEO practice comes into play here. You can use private label right (PLR) products and sell as your own.
We often call it Freelancing when we provide services as an individual without any long term commitment to employers. So Freelancing is a viable solution to earn money on internet. If you are interested to become a freelance service provider or are simply looking for online jobs, you can join the following sites and start working
Selling on Ebay
Concept of drop shipping applies on Company like EBay. Lot of people from around the world created their virtual shops in EBay and making good profit everyday. You can also have your cut by being an EBay seller of different kind of products you think fit. You will have to choose the kind of products you want to sell on Ebay. Here is a good guide to learn selling on Ebay.
4.Selling Pay Per Click Advertisements
In order to sell advertisements you need to have any of the following web properties or combination of them like, Website, Blog, Forum, Portal, Article directories, Web Directories, Blog Directories etc. Selling advertisements can be of different models. In the Pay Per Click (PPC) market AdSense has earned a good name and enjoys leadership. You will get lot of options when you intend to monetize your site by selling advertisements.
Make Money From Google AdSense With our AdSense Cash Formula
AdSense has earned the status of favorite money maker for countless internet marketers. Concept is very simple. You run AdSense ads in your web properties ( Website/Blog/Forum/Portal etc) and get paid when visitors click on the ads displayed. The beauty of the system is you get paid just for sending visitors to advertiser sites and you do not need to talk to individual advertisers whose adverts are being run in your site, you just talk to Google in this regard. Have a look on the first two day’s income of March, 2013
AdSense can make you huge money if you go by Google’s quality guidelines regarding creating AdSense sites.
5.Being an Affiliate Marketer
Affiliate Marketing is about earning commissions for selling other people’s products or services. Selling is not a must all the times. You can get paid just for giving leads to a business aka CPA. In a broader point of view AdSense itself is a style of affiliate marketing where you get paid per click.
The beauty of the system is you do not need a product/service of your own and no need to support any customers or clients. You just sell the product through your affiliate link, owner of the product/service will take care of the rest.
Your affiliate marketing strategy will widely vary depending upon the type of market you would like to be in. It will vary depending upon whether you want to sell digital products (ClickBank.Com) or physical products (Amazon.Com). There is no dearth of affiliate networks to work with. You are to choose affiliate networks according to your needs.
MLM stands for Multi Level Marketing. It follows a geometric progression chain style inclusion of people in your downline (Under You). Speak Asia, My Video Talk, Herbal Life, Amway are some popular mlm examples to take in this regard. I personally suggest people to not to go for any mlm. But if you can convince others to join in your downline, you have huge possibility of making big times.
The main problem with this type of business model is the instability of the model. You will find lot of online/offline mlm opportunities get shut down after a certain point of time. Number of losers are always way larger than than that of those who make some. Though the system is unethical, you will find people advocating for certain mlm opportunities because they are having vested interest.
Two types of Online Trading you can opt for. Intraday trading and Forex Trading. Intraday trading is all about taking due advantage of minute to minute fluctuations of share prices of most volatile shares within the specified day time (9.30am-3.55pm). Buy low Sell High or Sell High and buy low. Difference will be your profit excluding the brokerage. You can take deliveries also for short term trading which requires payment in full.You need demat account to get started. But a strong word of caution is you must equip yourself with cutting edge knowledge of when and what to buy and sell. This timing thing is very important. You can double, tripple or quadruple your money by taking part in intraday trading. You may loose a lot of money if you don’t minimise your losses using stop loss.
Forex trading (Trading of Currencies) is open 24X7 unlike intraday which lets you work in day time only. It may be difficult for day JOB (Just Over Broke) doers to get involved in intraday trading but in Forex Trading you have the time flexibility. Educating yourself about the market movements and establishing correlations between share indices of important countries are highly recommended regardless of online trading of any type.
8.Site Flipping & Domain Flipping
Site Flipping is about creating sites which makes money and selling them in a considerably high price. Website Flipping is better than domain Flipping because domain flipping market is a tougher one. If somebody doesn’t get a .com domain available he goes for .org, .net, .co or country level domain names of his choice. Domain flippers find this tough to digest. But if you can develop sites which make money online, you can easily sell it using sites like Flippa.Com.
9. YouTube As A Way To Extra Money Online
Youtube has become a great tool for video marketing for businesses of any kind. If you can create good videos which people would want to watch, you can earn from your youtube video channels. You have every option to run AdSense ads in your videos after YouTube approves it. Even an one minute video like “Charlie Bit my Finger Again” has earned more than million dollar. Keyword research, Good quality video, Optimizing the videos for Google and monetizing the videos can make you rich in a short span of time.
10. Making Money from FaceBook
Facebook is not only for social networking, it has become a great resource for individuals and businesses to make money off of it. Find out how to make money from Facebook