Internet technology is rapidly changing the way business is conducted and how money can be made these days. No longer hindered by geographical limitations, anyone can legally earn money without leaving the comfort and privacy of his home just by going online.
What you need
To get started, you will need a personal computer or laptop, an internet connection at home and an online payment system. Your computer’s technical specifications may be basic or sophisticated, depending on the kind of activity you intend to undertake online. Choose one to suit your needs.
Aside from having a computer and a reliable internet connection, you will also need an online merchant account to be able to receive payment from your customers and clients. At present, most buyers trust PayPal. Signing up is easy and you will need a valid credit or debit card to register as a user.
Here are some of the easiest ways to make money online:
1. Auction websites: eBay, Halfbid.com and uBid.com are examples. The key is to buy low and sell high in order to make online auctions profitable for you. While you can sell almost anything on auction, a good knowledge of what items are in demand and how much people are willing to pay for them will certainly take the guesswork out of online auctions. Do your research before buying or putting anything for sale online. Take the time to read and understand the rules of the auction site to avoid being blacklisted.
2. Blog: Originally intended as a Web 2.0 platform for hosting personal electronic journals or diaries, blogs have evolved into moneymaking venues as well. Anyone can create a blog and write about anything under the sun. Because of the personalized content of blogs, these online journals are known to create their respective audiences. Online traffic, just like foot traffic, is a good indicator of a blog’s revenue potential.
Capitalize on the number of viewers who visit your site everyday by becoming an affiliate or by posting ads of other sellers on your site. Amazon.com, for instance, has an affiliate program that lets you post an ad of an item closely related to the subject matter of your blog. If any of your readers click on the ad box of the affiliate program, your viewer will be re-directed to the affiliate program’s own website.
Depending on the affiliate arrangement that you choose, your blog may earn every time your site’s viewer clicks on their ad, leaves vital information about themselves or buys something online at the seller’s website.
While you’re at it, you may also sign up with Google Adsense or Yahoo Marketing for additional income. The more visitors you have on your website, the greater are your chances of earning from the affiliate program and from the relevant ads that appear on your site.
Get started by using free blog platforms such as blogger.com and wordpress.com. These sites have a number of design templates for you to choose from and are free of charge.
3. E-books: If you possess excellent writing skills, consider writing an electronic book or e-book on a topic that you are passionate about. Do you have a special skill or knowledge that could be beneficial to others? Put that knowledge or skill into writing for others to read. People like learning new things online and paying for the right kind of information.
If you do not feel confident about writing your own e-book, then consider hiring a ghost writer while still maintaining editorial control and marketing of your e-book. If you don’t want to start from scratch, you may also consider selling the e-book of another author on your website. All you will need is a good product and some marketing efforts on the Internet.
4. Free lance work: We all have special skill sets that make us valuable at work. Web development, programming, graphic design and writing are some of the few services that other businesses need. Free lance work lets you take on additional jobs while maintaining your current office job. The best way to start your free lance work is to sign up with a website that can match your skills with potential clients. Elance.com is a reputable site. Check it out.
Making money from home can be a part-time or a full-time activity. If you are currently employed, it is advisable to earn your online income initially on a part-time basis and to consider going full-time online only when your home-based business is generating a steady and good level of income.