How the heck do you make money online?

Greetings All!

Today's post is a re-post from my first blog which has long since been regulated to the vast reaches of the internet void. For those not familiar with the story I changed my web hosting and the short version is I lost my old blog and all it’s posts….alas.

Anyway I have been trying to devise a way to easily replace the posts and have resigned myself to the fact that I will just have to re-post them manually, oh the joy of it all. Anyway this post is from an article I wrote which deals with the question that seems to be on everybody's brain pan… how the heck can I make money online. So without further ado read on….

 

How 2 Make $ image

This article delves into the various ways to make money online. When I first started surfing around on the net 15 or so odd years ago I had no idea that I could actually make money online. But a few years ago as I read more and more stories about the dot com explosion, and eventual collapse, and heard stories about overnight millionaires and slow but steady millionaires I figured “hey if they can do it, why can’t I”? And so began my quest into making money on the internet. Surprisingly enough I found that there were basically 3 ways to make money online.

1 ) Sell your own stuff
2 )Sell other peoples stuff
3 )Sell ads on your site

Now obviously there are many variations on the above 3 items…but those are basically the main ways to make money online. So if you break those 3 things down you come up with the following options.

1 ) Sell your own stuff.

This can be accomplished in quite a few ways. Ebay is one way, cleaning out your attic or garage and putting your stuff up for sale. Purchasing discount or closeout items and selling them on Ebay. Creating your own product, crafts, artwork, info products, the latest greatest mousetrap, etc., and then selling it on Ebay. You can sell almost anything on Ebay, ( I believe body parts are out of the question in case anyone’s thinking about selling their extra kidney or anything like that). : ) But Ebay is only one avenue to sell your stuff.

You can put up a website of your own, or utilize something like Ebay stores or Paypal Shops, or any of a number of other storefront options available on the web for setting up shop and selling your stuff.

The main benefit to this option is you pretty much get to keep all the profits for yourself, (unless you are offering affiliate partners a share of the profits), so all the money make you get to keep yourself. And you have complete control of the product you are selling, no worries about whether or not the product is worthwhile or a some junk someone is trying to pawn off on unsuspecting customers.

The main drawback to this is more work. You have to create, buy, or find whatever it is you are going to sell. You have to ship it or make it available for download, or however it is you are going to get your stuff to the buyer. You have to set up a website or pay someone to create your site if you are selling from your own website. You have to deal with customer support, refunds, etc. So in a nutshell more work…but more $$$.

2) Sell other peoples stuff.

This is probably one of the easiest ways to make money online. You can become an affiliate marketer, you advertise somebody’s product for them, direct customers to their site, the customer purchases said product, and you get paid a commission from the seller. You don’t have to deal with product development, customer complaints, payment processing, etc. All you do is drive traffic to the vendors site and collect your share of the money when they buy.

This is probably the easiest way for newcomers to start out making money online. When you are first starting out you usually don’t have a website, or a list to promote and sell to, or a product, or anything actually except a desire to figure out how the heck to make money online! So affiliate marketing is usually a good choice to “get your feet wet” so to speak and start generating an income online.

3) Sell other peoples ads on your site.

This is probably one of the hardest ways to make money online in my opinion. At least initially. To be able to sell ad space on your own site you are going to need a pretty large traffic count coming to your site to be able to charge any kind of money for ad space. You are going to be hard pressed to convince anyone to pay any kind of real money to advertise on your website if you don’t have a few thousand people dropping by your site on a regular basis.

The most common way that you can get paid for having ads on your site, without having a boat load of traffic coming in, is if you participate in the Google Adsense Program. It won't make you a fortune, but it can help you to begin to get some money coming in from your site. After signing up for Adsens, it's just a matter of putting a few lines of code into your site and Google Ads will begin running on your site, and every time a visitor clicks on one of those ads, you are paid a small commission from Google.

Ads and affiliate marketing are 2 ways to generate money on your blog, and if you can generate enough interest on a topic on your blog you could start getting a good base of traffic coming to your blog. But even with a good topic it’s going take a while to generate enough traffic to start really selling ad space on your blog.

So there you have it. Now you just have to decide which way you want to go. Get out there and do some research into the different venues and see which one appeals to you. Ideally you would eventually branch out into all 3 ways. Remember multiple streams of income is the way to go. You don’t want to rely on just one thing if you are looking to replace your daily 9-5 grind with an income from the internet.

So that's it for today.  In the meantime feel free to drop by my site and sign up for my Home Business Tips Newsletter. It’s free and I offer free one on one email support for all my subscribers. Any and all questions or problems are welcome. Remember there are no dumb questions, only unanswered ones.

C ya!

Mike

I Love Working On The Web.com

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