Making money online isn't the easiest thing to do on the internet. Don't we all wish to make $240 million by selling 1% of our business? For those of you who don't know, that's the amount Microsoft 'invested' for 1.6% of Facebook.
Starting an online business is easier when compared to the challenges of starting up a traditional business, it is no cakewalk though. I am going to show you a few ways to make money online. Depending on the amount of time you can devout, your budget and sometimes technological skills, your online business could make you rich or might not even be enough to cover for gas.
1. Setting up an eBay Shop. This is more cost efficient than setting up your own Virtual Shop. eBay already have a large customer base and you do not have to deal with inventory. eBay handles all that including your transactions. Power Sellers from eBay regularly make +$100k a year.
2. Providing relevant content. If you can offer unique and valuable content and consistently have a hungry group of people needing it, you could make a subscription based-website, charging monthly or annually fees. This could be a very profitable way to make money online.
3. This method can be applied with any website that generates high traffic. Selling advertising, you are paid by the number of impressions and the number of people who clicks on the Ad that your site displays. This is not going to make a living for yourself unless you have a few major companies sponsoring your website. Major companies usually require you to have a large number of visitors every day before sponsorship.
4. Selling Domain Names, you could buy URL addresses, flip them and make a few dollars. This might not sound like much, but it will add up if you purchase domains in masses. Sites like GoDaddy sells unused .COMs for $10 apiece. The key here is to find domains that will sell. You should run tests to determine which keywords are searched more often to find the most profitable domains.
The internet marketplace is getting bigger and bigger as more and more people are getting on the Internet. Starting an online business has never been easier. I hope this article have given you a few ideas and shown you a few ways to make money online. I wish you luck!
Jim Wa is tired of seeing get rich quick-schemes polluting the Internet. He is trying to make people see the truth behind these programs, and set them onto the right track to make money online.
He is a proud member of Wealthy Affiliate and is the founder of LearnIMnow.com, where he has helped hundreds of people succeed online, sign up for his free internet marketing e-course now.
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