So you looking for some idea on what you could do to make some extra cash at home or even grow a full time profitable business online? Here are 10 proven methods you can choose from and see what might work best for you.
ebay.com
eBay is an online auction site and can be a good way to get started selling online, it has some major advantages over starting your own website which are:
- Already has traffic
- The visitors are actively looking to spend money
- Its very cost effective to reach your target audience
- Requires less technical knowledge to get started
If your already selling products offline the transition can very easy for you, if you know good places to source cheap products it could also work very well.
But you may have the most success in developing your own information product to sell as this will give you something unique that you can demand your own price for.
You have to remember eBay is a world wide market place and commodity’s are very competitive.
Associatedcontent.com
Associated Content is a place you can get paid for submitting quality articles and content that meet there guide lines, if your any good at writing this can be a place to get some guaranteed income.
although this may not be for everyone if you want to sell anything online your going to have to get used to writing content, so it could be good practice for you.
Elance.com
Do you have skills that you could offer people to outsource, elance allows people looking to outsource work to find competent people that are up for the job, if you have any of the following skills you could find your self some work on this site:
- Web Design
- Programming
- Search Engine Optimization
- Copywriting
- Data Entry Job
- Telemarketing
- Chat Support
And many other things
Blogging
Passionate about a subject? Why not setup a Blog and update it regularly, there are many ways you can monetise a Blog you can join many of the Affiliate or CPA Networks to find relevant offers to promote on a commission only basis.
A few of these networks you could look into would be:
- Clickbank
- Commission Junction
- Max Bounty
- Neverblue
- Azoogleads
- Copeac
Online Newsletter
Sometimes referred to as an “ezine” is basically like a magazine but is “announced” via email. Now I say “announced” via email because they can come in a wide variety of formats such as:
- Multimedia (Video)
- Podcast (Audio)
- Blog
- Static Web Page
- Plain Text Email
- HTML eMail
The type of format that you like to publish in will depend largely what everyone else in your market is doing, if everyone is doing text and HTML email newsletter then why not try doing it in PDF or Multimedia. Being different will get your newsletter read and gain you more subscribers.
How Much Money Can You Make Form An Online Newsletter?
This really depends on how you decide to monetise it, if you have reasonable ad writing skills and your promoting affiliate products inside the newsletter which has good content that you subscribers want to read, you can see profits of $1 and above per subscriber per month.
Other methods of monetising a newsletter could include:
- Selling your own products
- Recruiting affiliates for your own products
- Selling advertising space
- Offer a paid subscription plan
Software Product
Developing a software product can be a fantastic way to start an online business providing that your software solves a “real” problem that people are having and that they care about.
Most software should cater towards automating a time consuming task that your prospect may be undertaking.
You also have to be targeting a market that has money and preferably automating something for someone that they can make more money by automating this task otherwise you may have a hard time getting anyone to justify buying it.
Do proper research first before undergoing and development costs.
Information Products
Developing an information product for a niche topic can very profitable if done right, but can also cost a lot of money and time if gone about in the wrong way.
Some tips that you should follow:
- You are not your market, just because you think its cool doesn’t mean it will sell
- Find a market where people are already looking for a solution
- Make sure the market has disposable income to buy your product
- Do market research, ask them what they want then give it to them
If your planning on going down this rout I would recommend reading up some more about it, as its really a topic for a book rather than an article.
Consultancy
People who run offline business need you! They need you to help them get online, and most would be willing to pay if you can provide a valuable service for them.
Never underestimate the power of picking up the phone and making some calls to local business and offering them something.
Local Web Directory
If your not phone shy or have telemarketing experience then you can make nice yearly residual income from this method.
Step 1. Register a domain
Step 2. Get hosting
Step 3. Install a copy of WordPress on your hosting
Step 4. Turn it into a local business directory
Step 5. Get some links to your site
Step 6. Sell listings to local business
By making a website listing local business, and getting some links to it, you will find it quite easy to rank in the search engines for keywords that include your town or city. Such as [[Yout City Name]] Plumber.
You can then get in contact with all local business and charge them a small yearly fee to list there business, say $50, should be hard for them to turn down if they can find your directory in the search engines.
Affiliate Marketing
Want something more automated and less hassle? Then affiliate marketing could be for you, there are many sites that allow you to find merchants that will pay you a commission for selling there product.
They already have a quality product and converting web page all you have to do is send traffic and they will pay you a commission on every person that buys something. Two of the best ones to get started with would be:
- Clickbank
- Commission Junction (cj.com)
Want To Learn More FREE Traffic Methods? Click for more information here.
{ 7 comments… read them below or add one }
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Cashback sites have been running in the UK for a number of years, but they’re relatively new to Australia. We pay our members cash back every time they do their shopping online, from over 500 stores. The cashback earnt is on top of any special incentives, offers, sale prices and coupon codes provided by the retailers – the same low prices & convenience, but money back for the things they would’ve bought anyway!
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hello i have a website that i use to promote paid to click sites, i also regularly update the page with other interesting methods, and yes they are all legit free of scam, please visit my site and give feedback thanks.
Hi, Thank You so much for this information on online money making tips, it has helped me a lot. Keep up the good work!
Cheers Sam
All of them. I make money from Affiliate Marketing is the most common.
I found a website called ReGiftThat
you can auction any unwanted or unused items under $20 for FREE. Look’s like a great way to clear the cupboards of unwanted gifts and presents without accidentally regifting them back to the person who gave them to you!
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Informative about all the top sites which can fetch you money. It was technical but also simple and understandable as well.