Making Money Online

Making money online is getting more and more popular every day.  With gas prices still sky high and the unemployment rate shockingly high, more people are looking for ways to earn a living without the expensive commute and frightening job market.  No one wants to worry about being laid off in an uncertain economy.

But people who work online have better income security.  Although anyone can face money issues, those who work on the internet are able to increase their income by working more.  In these hard economic times, overtime for those with traditional jobs can be scarce.  

There are a lot of ways to make money online.  One way is to provide a service for other people on a freelance basis.  There are plenty of places online to find this kind of work, such as Get a Freelancer and eLance.  

Some of these services can include:

  • Freelance writing, such as writing articles.
  • Freelance graphics design.
  • Freelance website design.
  • Submitting articles.
  • Social bookmarking.
Another very good way to make money online is through affiliate marketing.  Affiliate marketing is the promotion of products you don’t own in exchange for a commission.  It’s a bit like putting a sign on your front lawn for McDonald’s with a code on it for $0.10 off a Big Mac, and getting $0.25 every time someone buys a Big Mac with that code.  Except in this case, the sign (a banner or other ad) is on your website, blog, or on another internet property in your control.
Affiliate marketing is great, because you don’t need to own a product or provide any customer support.  You just promote a link to the site and the merchant handles all of the customer support, shipping, and other issues.  Then the merchant sends you a commission check for the money you earn.
You can also make money by selling your own items with e-Commerce websites.  In this case, you would set up an online store where you’d sell items you make yourself or items you buy wholesale and sell for a profit.  This can be more profitable, because you get 100% of the profit rather than just a small commission, but it’s also more difficult.  You have to pay for a large website with online order processing.  You have to carry stock.  You have to deal with shipping and returns.  You have to provide customer support.  It’s tough.  
But there’s a major benefit to selling your own product.  Remember affiliate marketing?  You can be on the other side of it!  You can get affiliates promoting your site for you, which generally means you can make a lot more money than you could if you were the only one promoting.  Imaging having dozens or even hundreds of people sending buyers to your site!  That’s powerful!
There are plenty of other ways to make money online, but these are a few of the most common.  In fact, most of the ways to make money on the internet actually involve one of these methods in some way.  You just need to choose the right method for you and get started!

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