August 1st, 2006
How many people earn their living online? It is hard to say. Millions. And millions work online part time in addition to their main full time job. How do they earn on the Internet?
1. Sell tangible products. Start with eBay – test what is in demand, find product suppliers. Next move – set up your own online store to cut costs.
2. Sell digital products. For example, ClickBank is the top player on the market of e-books. Explore the bestsellers, develop a better product than your competitors offer. Software, stock photos and other digital goods go to this category.
3. Design websites, program websites, promote websites (SEO) (best places to learn and improve your skills – forums similar to www.sitepoint.com, www.webmasterworld.com, www.digitalpoint.com, blogs – see my blogroll list on blog home page).
4. Publish your own websites and collect advertising revenue. Income resources:
- CPC (cost per click) networks (YPN, AdSense, etc);
- CPM (cost per impression) networks (Casale, TribalFusion, ValueClick, BurstMedia, etc);
- CPA (cost per action) networks (CJ, LinkShare, AzoogleAds, Shareasale, etc);
- Link sales (via eBay, text-link-ads, etc);
- In-text advertising (VibrantMedia)
- Direct adv sales
5. Online services: auctions (eBay), online payment services (PayPal), hosting companies.
What other ways to make money online would you recommend? Probably, some important additions to the ones I mentioned.
Summary: it is not the ultimate list of ways to make money online. I have tried to make the list of the best ways that can generate you enough funds to make it the only income source.
There are other ways but I think they fit some of the five ways. For example, forum posting goes to the 1st type.
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