14 Nov 10 Ways To Make Money Online

We have to agree with Pearsonified.com, when they state that the number of people wanting to talk about making money online sends one to nauseous feelings. 

But many people still consistently ask us “Just HOW do you make money online?”   Although there are a ton of websites on “Making Money” online, we STILL think it is a great question, as the internet seemingly can be this very cloudy and nebulous “thing”.

And then to have to figure out how to get from a website, to people paying you, to that payment ending up in your bank account can further be a wild set of steps and imagination to those NOT doing it yet.

So here is our shot at explaining 10 ways to make money…

1. Advertising:  As you gain traffic to a website, you document that traffic and share it with potential advertisers.  Normally, they will want to know information such as:  Your demographic and who your site is aimed at  You Traffic:  How many visitors actually come  They will want you to PROVE that by showing traffic stats and maybe even past advertisers on your site. With this, an Advertiser pays for an Image or a Link or some presence in a defined place on your site.
2. Sponsorships:  If your site has a section about Tennis Shoes, then maybe, a Tennis Shoe company may want to SPONSOR that section of the site.  In reality, a sponsorship may be considered an advertisement.  But sometimes, a sponsor may deal with the fact that the channel or section or even the whole site may not have the traffic and FULLY established demographic yet.   This makes their spend with you, MORE of a sponsorship than forcing you to prove already existing stats.   This depends on the Sponsor though. 
3. Sales:  Whether you are selling items from your garage, or whether you buy and stock manufactured items , selling these items from your site is a way to make money.  For example, if you are a computer store owner, then selling power cables, cpu’s, and monitors may be a way to make your money online.  OR, you may be lucky enough to have come across a batch of 100 cookbooks for half price.  Your goal would be to create a sales cart to sell those cook books at a profit online.  This may require a picture, description, and a good ole button to that says BUY.  They click and buy and you make MOOLAH!
4. Affiliate Programs:  With this method, you are doing “word of mouth” advertising for a vendor who provides a service or product.  You send them a potential buyer, and the buyer chooses a product and buys.  If they buy, then you make money.  Think about it.  We do this everyday.  We tell others where we bought our shoes, where we bought our cars, etc.  At least this way, we can get paid for making the recommendation.
5. Consulting:  Do you know how to scuba dive in the waters of Antartica?  Why not create a website that establishes your authority as a Cold Water Scuba Diver and sell products and consultation surrounding that hobby?  This is a perfect way to turn a hobby into a stream of revenue by “Consulting”.
6. Web Site Creation:  Ok Ok, maybe this is a reach.  But this goes a step further than consulting, adds a small degree of technical and creative savvy and puts you in a position to make money by developing websites.  If you learn and get your own site up, why not make some dollars with friends and family?
7. Outsourcing:  So here is the model.  You create a website.  Advertise a service, and then have service providers waiting in the wings once you get a request for the service.  Easy enough?  I have done that and acted as the Project Manager for the job.  If done correctly, and with dependable help, the whole activity is totally seamless to the paying customer.  You are the “middle man” joining a person needing the service with a hungry service provider.
8. Domain sales:  I sure wish I had bought TV.com.  Can you imagine?  With names like Business.com selling for $7.5M in recent years, it is no wonder that being in the right ownership of Domain names can be a lucrative business.  There are full time domain investors, who buy and resell names like stock. Consider that as a potential cash generator.
9. Work at home Jobs:  Using the internet to work virtually is a way to make money.  Here is how.  You find an employer who supports the TELECommute.  You do your tasks via a home office and report results via the internet and phone.  As GREEN becomes the more IN thing to focus on, working virtually will become a feature of many employers. 
10. And 10… Drumroll please!  SELL YOUR OWN Electronic PRODUCT.  We piggy back off of number 3… Sales… But if you create your own product, namely an ebook on some subject that you are passionate about and then put systems into play to promote, fulfill its order and reward affiliates who will use Word-Of-Mouth marketing to push your products, then you can make cash off of the automated sales, literally while you sleep. 

We will talk more about all of these in detail on BlackInternetMarketing.com.  In the mean time, keep making that money online… or planning to!