6 Proven Ways To Earn Money Online

6 Proven Ways To Earn Money Online



The internet is​ wealth creating resource. it​ has made millionaires of​ countless individuals who have found ways of​ providing products/services via the​ internet. This site is​ for​ e-marketers and​ future or​ home-based business owners. Here you’ll find ways to​ make money on the​ internet as​ well as​ work-at-home resources to​ help get you started. First, let’s start with the​ most common ways of​ making money online. Below are the​ 6 most common ways used today to​ earn income on the​ net:


Buying and​ Reselling/Ebay
Drop-shipping
E-trading
MLM (Multilevel Marketing) and​ Direct Selling
Affiliate/Referral Programs
“Out of​ the​ box”

1. E-bay Selling - Buying and​ selling products is​ one the​ most common ways of​ making money online. it​ can be very profitable if​ you find, make or​ channel a​ product that is​ in​ demand for​ example: e-books/information, electronics, furniture, office supplies, apparel, etc. the​ key is​ to​ out-think the​ competition, since the​ creation of​ the​ Ebay phenomenon thousands of​ sellers have monetized on the​ opportunity. It’s important to​ find a​ product that you’re familiar with in​ order to​ be an​ effective seller; for​ example, don’t sell computers if​ you don’t know what “processor speed” is, you’ll just set yourself up for​ failure. if​ your having trouble finding a​ product try going to​ WWB, they offer products as​ well as​ information/ tools on how to​ find niche products and​ sell them on Ebay. You can also go to​ the​ Ebaystore to​ set up an​ inexpensive storefront if​ you don’t want to​ build your own.


Drawbacks to​ Ebay selling are:

Finding/making a​ profitable product
Can be time consuming (Plan to​ spend 20-30 hrs/week)
Very competitive market


2. Drop-ship- Drop-shipping is​ very similar- however the​ advantage to​ drop-shipping is​ that you don’t have to​ worry about moving the​ products yourself. With drop-shipping you’re really working as​ a​ third party in​ the​ sense that you find vendor’s who’ll drop-ship, and​ when you make a​ sale, they deliver the​ products directly to​ the​ customer for​ you-thus, no inventory or​ overhead costs? it​ can also save you the​ money and​ hassle of​ running to​ UPS every month to​ send/receive shipments. Another perk is​ that you don’t have to​ buy the​ product before you sell it! You simply take the​ order and​ give it​ to​ the​ manufacturer for​ shipping, and​ you receive a​ check, without having bought a​ thing. I know I make this sound pretty easy but in​ fact it​ takes an​ adequate amount of​ information gathering in​ order find hot products. the​ first thing you will need to​ obtain is​ a​ drop-ship directory in​ order to​ find vendors who drop-ship, it​ will cost you anywhere from $55-85, but the​ money you spend will more than pay you back in​ safety and​ time. the​ only source I recommend for​ directories is​ WorldWide again because their the​ only vendor directory provider that’s Ebay certified-there’s a​ lot of​ fakes out their posing as​ drop-ship providers who are really just “middlemen” trying to​ collect a​ commission.

Drawbacks to​ drop-shipping are:

It can be extremely time-consuming finding reputable vendors with profitable products that will work with drop-shippers.
Backorders and​ returns can be a​ headache if​ you’re with a​ bad vendor.


3. E-trading is​ a​ trend growing more in​ popularity everyday. Right now the​ biggest e-trading market is​ Forex (Foreign Exchange Market) which has a​ higher turnover rate than the​ U.S. equity market. Foreign currency trading is​ a​ VERY lucrative market and​ involves simultaneously buying and​ selling currency online. Transactions take place OTC (Over the​ Counter) or​ via internet/phone, as​ there is​ no centralized location for​ trade such as​ with the​ stock or​ futures markets. Not only does Forex offer trading tutorials and​ conferences for​ you to​ learn to​ trade, but they also allow novice traders to​ get a​ taste of​ the​ market by allowing you to​ begin trading with as​ little as​ a​ $25 investment. Forex trading time is​ short in​ nature as​ it​ does not require long periods of​ holding before trading as​ with stocks or​ bonds. Actually 85% of​ all currency transactions last around a​ week or​ less. a​ great benefit of​ trading with Forex is​ that you aren’t charged commissions or​ exchange fees. They also offer “real time” price quotes. Go over to​ Forex.com to​ get more information about the​ currency trading market and​ how to​ get started.

Drawbacks:

Plan to​ have an​ investment of​ at​ least $250 to​ see the​ big bucks.
The market can be very sporadic and​ due to​ the​ short term nature you will need to​ stay informed (daily, even hourly) of​ trends and​ economic changes that will cause value fluctuation.


4. MLM and​ Direct Selling business opportunities in​ my opinion are the​ most misrepresented and​ underestimated income opportunities on the​ web. Most of​ this is​ due to​ false and​ misleading claims about products/services and​ income potential made by shady distributors and​ sales associates. Multi-Level Marketing or​ (MLM) companies are organizations that provide a​ product or​ service and​ market it​ by “word of​ mouth” advertising or​ paying independent distributors to​ sell the​ products as​ oppose to​ paid advertising i.e., radio, TV, newspaper. These distributors sell the​ products and​ receive commissions; however the​ majority of​ the​ money is​ made by “referring” or​ bringing in​ more distributors, who then bring in​ more distributors, and​ so on. the​ key to​ these businesses is​ to​ find established and​ legit companies with good commission structures and​ not spend time and​ money on small, “fly by night” corporations. Direct Selling is​ really in​ essence MLM (even though they try hard to​ distinguish themselves) except the​ products that are usually sold are “higher ticket” or​ more expensive products. Direct selling allows you to​ make more money with fewer recruits because you have higher commissions. Both of​ these opportunities are for​ people who desire and​ motivation to​ “run their own business”, because once you recruit people in​ under you, you have to​ teach them how to​ do the​ same, it’s called the​ process of​ “duplication” which involves duplicating the​ work habits of​ successful individuals and​ teaching others to​ do the​ same. Income is​ unlimited and​ residual, so even when you retire from the​ business (realistically anywhere from 2-4 years) you’ll still receive checks! an​ initial investment is​ required for​ both opportunities in​ order to​ purchase the​ products and/or start-up kit so if​ your not looking to​ invest anywhere between $50-250 for​ an​ MLM or​ at​ least $500-2k for​ Direct Selling maybe these businesses aren’t for​ you.

Drawbacks:

With so many un-established companies on the​ internet its hard to​ discern what companies are paying real people real money, so do your research before pulling out your credit card.
There is​ a​ high drop out rate in​ MLM’s due to​ lack of​ adequate training from the​ recruiter/upline and​ or​ motivation on the​ recruits part, so choose your upline carefully because some members will recruit you then leave you on the​ corner.
Direct selling is​ bit more challenging due to​ the​ type of​ products/services being offered. It’s more challenging to​ sell due to​ the​ fact that a​ lot of​ people who are looking for​ a​ business are doing so because cash is​ tight, so most of​ them don’t have a​ grand to​ invest in​ order to​ start (believe me I know).


5. Last but not least we have Affiliate programs. Affiliate programs are perfect for​ people who don’t want to​ sell their own product, don’t want to​ talk to​ people on the​ phone or​ in​ person, and/or don’t want to​ spend a​ lot of​ money. an​ affiliate is​ someone who advertises a​ company’s services/products on their site by placing banners/ads of​ the​ company’s site on their website. When the​ organization makes a​ sale from your website link, and​ in​ some cases even a​ referral from the​ affiliate’s site, the​ affiliate receives a​ commission. Affiliate marketing is​ inexpensive to​ start because 99% of​ the​ companies don’t charge you to​ become an​ affiliate, and​ why should they? I mean after all you’re bringing them visitors, which turns into more sales revenue. You don’t have to​ have your own site to​ be an​ affiliate, but it​ is​ necessary if​ you’re looking to​ attract more visitors and​ make more money. the​ key is​ joining a​ good handful of​ affiliate programs so that you can create multiple streams of​ income, that’s how top affiliates earn thousands/week.

Drawbacks:

It can be challenging finding quality affiliate programs to​ join. Many companies claim to​ “have the​ best” program.
If you don’t have traffic, what’s the​ point? It’s better if​ you actually KNOW HOW to​ bring traffic to​ websites. Many affiliates make money due to​ the​ fact that they don’t know how to​ market their programs.



Not enough??? Well try thinking out of​ the​ box. Most successful online marketers created income by simply finding a​ need or​ a​ solution for​ a​ product/service. for​ example, while vacationing in​ Colorado a​ few years ago I came across a​ guy who’d made millions simply by creating a​ website/lead capture page that surveyed people who were searching for​ real estate. the​ page, he stated, basically was a​ questionnaire collecting information about their requirements: price range, number of​ rooms, location, etc. After receiving the​ information from the​ site, he then sold their information as​ leads to​ mortgage companies and​ real estate agents in​ those local areas! This can be a​ very profitable business venture because real estate agents are always on the​ hunt for​ warm leads. You can even apply this to​ any other business where leads are sought after.

Don’t let drawbacks discourage you!! All of​ these strategies are viable and​ the​ most commonly used ways to​ make money online. You just have to​ have believe that you can be successful-besides what business doesn’t have its drawbacks? See you at​ the​ top!!!




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