Ways of Making Money Online [INFOGRAPHIC]

Posted on by Ryan Deiss in Home Based Business, Startup Business

Home Based Opportunities

With so many different ways of making money online it can be extremely difficult deciding exactly what you should do without a proven plan. Use these 7 time tested and proven methods for achieving your income goals online to start small and have the ability to scale your business to whatever size you want to grow it. All 7 methods take into account your time, expertise and future growth potential to give you the most bang for your time.

Top 7 Ways To Make Money Online

Method 1: Publishing Platform

Blogging was once a huge craze for people wanting to make money online. Although the income possibilities are there it has come to light in the past few years that the amount of work one must invest into blogging is rarely worth the payout. Lots of competition, the inability to nail down a proper USP (unique selling proposition) and no-income for the first 90 days all mix together to make blogging a slug. Fortunately, some of the largest information product businesses in America figured out how to turn this model on it’s head and make it profitable with far less work. One of the top people in the information product industry is Mary Ellen Tribby, who helped spearhead this new business model when she worked at Agora and then later as CEO of Weiss Financial. With this model there is no need for the owner (YOU) to create any content or even have a product of your own to sell. Other people wanting to sell their products give you the copy for your website. Leveraging other people’s expertise provides the website owner a distinct advantage over bloggers, because the quality of your website is MUCH MUCH better. Fortunately in the last few weeks Mary Ellen Tribby herself has teamed up with Ryan Deiss to provide a complete training on the publishing platform.

Included below is a brief (official) blurb about the training and a sign up form:

• The online publishing model that’s more than 500% higher profitability than blogging alone
• How to build your own newsletter, or ‘inbox magazine’ that automatically moves subscribers to money in your pocket
• The best ways to get an expert panel of renowned gurus to write all your copy, website content and everything else you need even if you’ve never had an online business before and no one knows who you are
• 3 proven strategies for monetizing your business today (NONE require you to have a product of your own)
• Five inexpensive strategies, and some of them are free, for getting your first 5,000 subscribers

Method 2: Make Money Through Online Data Entry

Data entry is a big up-and-coming online industry. There are many switching to these jobs because they pay well and are relatively simple to master. These jobs involve using computer applications to manipulate data processors that collect and record data in a functional way. Companies usually offer online training guides to help get you started. These jobs may be slow at first but with time can easily become a part-time job with a full-time job salary. There is no limit to the demand of online data entry and microtask performers. To keep your sanity, you need to remember that making money online is a business – not a job. Many people that have gotten stuck within data entry positions grow tired of the repetitive tasks. The individuals pulling in the most money with the least amount of work in this sphere are those that started doing the data entry themselves and then later on, leveraged low-cost overseas outsourcers to actually perform the work. This cuts into your profit margin so the trick here is to scale up big. Having 5-10 outsourcers performing data entry jobs can net you a pretty profit. The work you are required to do is hiring effectively (go to oDesk.com for the best outsourcer management platform), track their progress and answer questions. Once your system is set up it is easy to grow the profits by getting more data entry positions filled through your own outsourcers. You can get a competent data entry specialist on oDesk for 50 cents/hr.

Method 3: Social Media Management

There has been huge amounts of people that make money online by managing social media properties for businesses and individuals. The appeal of this career is (1) you don’t need your own website (2) you make your own hours and (3) social media has consistently grown in importance for marketers, companies and the internet landscape over the past 5 years and has ZERO sign of slowing down any time soon. The hardest part for many is signing up the local businesses and getting them to fork over $500-$2500/month. As with every new business… once the first sale is made all the other ones are much easier. With just a little social media training actionable and trackable results are guaranteed in this medium. This means that after one business has seen an increase in social media activity, you can present this to prospective clients as a case study. Fortunately (and unfortunately) there are a lot of online trainings that will walk you through every single step of building these online businesses and making money. For this post we went out and saw all of them and our favorite is the newly revamped original social media manager training ‘Lets Get Social.’ It was the first one on the market in 2010 and has just been reworked. As far as we can tell all the other trainings on the market right now are simply regurgitated versions of this training. It also comes with some of the best support possible… you get access to Kate Buck, who has successfully run her own social media business for years now, every week on the phone. Here is a link to the free introductory video for Lets Get Social.

Method 4: Make money taking online surveys

With all the research and studies nowadays, thousands of surveys are needed to collect accurate data. Survey sites will typically ask you a few questions to compile your profile. This is done to determine if you meet the criteria that a survey is looking for. Just type “get paid for taking online surveys” into any search engine and your computer will be flooded with hits. Cashback Research is one website that allows you to arrange over twenty survey sites together in one location. It also offers an additional $5 sign-up bonus. Most of these sites will not allow you to collect your money until you have reached a certain amount (usually $20).

Method 5: Make money through affiliate marketing

Affiliate marketing is one of the oldest ways to make money online. It basically is taking a product from company and selling it for them to the consumer. This is the general concept and is much simpler than most people think. To start, you will need to register with a marketing network such as ClickBank or Open Directory Project to find products to sell.

Method 6: Make money writing reviews

This method is something that everybody practices everyday anyway. We are all critics when we get out of the movie theater or finish a book, so why not be paid for your criticism? More and more entertainment selling websites have gone to the public for help with producing reviews. It is literally as easy as voicing your opinion in the form of a web article and selling it. Two sites that might be helpful in getting started are Helium, Review Me, and Constant Content. Helium and Review Me are sites that will pay you based on the number of views, comments, and ratings by readers, while Constant Content is a place for you to directly sell your reviews to interested parties. Try using Google to look up more sites because there are many more than the three listed here. Another thing worth trying would be to call any local magazine and newspaper companies to offer them your services.

Method 7: Make money through selling on Ebay

Ebay is a huge marketplace that has taken over online auctioning. There are many people who strictly use Ebay alone to make a living. What do these people do? They started their own business at home creating mass quantities of custom products and sell them at a much lower rate than any retailer. The trick to this business is making sure you have satisfied customers, because even just one bad review early on can destroy your entire idea.

Tags: blogging, digital marketing, ebay, internet marketing, making money online, online business