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How to Make Money Online

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The many ways to make money online generally fall into one of four basic approaches. They are outlined below. With our own internet business, my wife and I have had the best luck with the last two. Each of us is different,however, in abilities and interests, and each of the basic ways to make money listed here has its advantages and disadvantages, so here they are:

Online Employee

You can probably learn to write well enough to get paid for online use. Companies need constant new content for their websites and blogs and email newsletters. The pay ranges quite a bit depending on the quality of your writing (and your ability to properly optimize articles for search engine exposure).

You could also be hired as a programmer or web-designer if you have the necessary skills. Customer service employees can operate online from home too. Every year there are more potential jobs that allow you to work online from the comfort of your home.

The primary advantage when you make money online as an employee is getting a regular paycheck. But what about the disadvantages? They are all the same ones as those of being an employee anywhere. Pay is ultimately limited by the number of hours you can work, you probably won't get to set your own schedule, and you never know when you might be replaced or laid off.

Online Independent Contractor

With the skills to work online, you can be your own boss - or at least choose the jobs that fit your talents and schedule. There are sites like Elance.com and others where businesses post projects they need done. Anyone can offer to do them for a price they think is fair. I recently hired a American living in Malaysia to write a hundred one-paragraph blog posts, which I used to promote my websites. I can't say for sure, but I would guess that the $200 project took him two days.

One of the advantages of making money online in this way is that you can do it from almost anywhere in the world. Another is that you choose when you work. When you want a week off, you just don't offer to do any work for a while. You have a lot more freedom than an employee. And the disadvantages? Because you compete globally, so you may not make any more income than an employee. Your income will be unpredictable as well, based on what's available during any week or month.

A Business With Customers

It's possible to make money online in many of the same ways it is made outside the internet. I have friends who sell camera equipment and laminating machines through websites, for example, and almost anything can be sold on the internet. Many people sell services as such as web design or copywriting (sales pages and letters). It is also possible to combine offline and online businesses in various ways. An office cleaning service can be promoted online, delivered offline, and can also sell associated products online.

There are certain advantages to selling goods or services online. You can start small and at home in many cases, thus allowing you some more freedom and less risk (low overhead). A disadvantage to selling and shipping things is that you have to be at work to do that, unless you grow large enough and have profit margins that allow you to hire an order fulfillment company or employees that you can leave in charge. You also have to check email daily and deal with customers (or hopefully hire that out).

In Business Without Customers

All businesses have customers, but it isn't necessarily the same when you make money online with informational websites. You can create a website writing about exercise or dog training, for example, and post ads for which you are paid for each click - or paid a commission on sales of some product you refer visitors to. Of course, the pay-per-click advertiser, or the company you send affiliate sales to is your customer, but it really isn't like having a customer across the counter or on the phone. We placed ads on our sites five years ago, and we only communicate with the advertisers by email every year or two. All we have to do is copy and paste the ads, and the phone never rings.

An advantage of this method is that you can make money from anywhere, and without having to even check email daily (it is rarely urgent). When you make money in this way you have the most freedom, and you can grow your business to almost any size over time. Disadvantages? You will probably have to work harder than ever to build profitable websites in today's competitive internet market.



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