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 and work-at-home resources to help get you started. First, let’s start with the most common forms of making money online. Below are the six 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 the most common way 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 essential to find a product you're familiar with 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 you're having trouble finding a product,ct, try going to WWB, they offer products and 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
It 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 of drop-shipping is that you don't have to worry about moving the products. With drop-shipping, you're working as a third party in the sense that you find the vendors who'll drop-ship, and when you make a sale, they deliver the products directly to the customer for you, without inventory or overhead costs. It can also save you the money and hassle of running to UPS monthly to send/receive shipments. Another perk is that you don’t have to buy the product before you sell it! You take the order and give it to the manufacturer for shipping, and you receive a check without purchasing a thing. I know I make this sound pretty straightforward, but it takes an adequate amount of information gathering to find hot products. The first thing you will need is a drop-ship directory 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 they're the only vendor directory provider that's eBay certified. There are a lot of fakes out there posing as drop-ship providers who are just “middlemen” trying to collect a commission.

Drawbacks to drop-shipping are:

Finding reputable vendors with profitable products that will work with drop-shippers can be highly time-consuming.
Backorders and returns can be a headache with the wrong vendor.

3. E-trading is a trend growing more in popularity every day. 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 very lucrative and involves simultaneously buying and selling currency online. Transactions take place OTC (Over the Counter) or via the internet/phone, as there is no centralized location for trade, such as with the stock or futures markets. Forex offers trading tutorials and conferences for you to learn to trade. 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 as it does not require long periods of holding before trading as with stocks or bonds. 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.

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

4. I think MLM and Direct Selling business opportunities 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 by paying independent distributors to sell the products as opposed to paid advertising, i.e., radio, TV, or 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 suitable commission structures and not spend time and money on small, "fly by night" corporations. Direct Selling is essentially MLM (even though they try hard to distinguish themselves), except the products usually sold are "higher ticket" or more expensive. Direct selling makes you 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 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! The initial investment is required for both opportunities to purchase the products and 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 unestablished companies on the internet, it's 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 dropout rate in MMLMsdue to la ack of adequate training from the recruiter/upline and motivation on the recruit's part, so choose your upline carefully because some members will recruit you then leave you on the corner.
Direct selling is a bit more challenging due to the products/services offered. It's more difficult to sell because many people looking for a business are doing so. After all, cash is tight, so most of them don't have a grand to invest in starting (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 product, don't want to talk to people on the phone or in person, and do not wish to spend much money. An affiliate advertises a company's services/products on their site by placing banners/ads of the company's site on their website. The affiliate receives a commission when the organization makes a sale from your website link and sometimes even a referral from the affiliate's site. Affiliate marketing is inexpensive to start because 99% of the companies don't charge you to become an affiliate, and why should they? After all, you're bringing them visitors, which turns into more sales revenue. You don't have to have your site be an affiliate, but it is necessary if you're looking to attract more visitors and make more money. The key is joining a handful of affiliate programs to create multiple income streams; that's how top affiliates earn thousands/week.

Drawbacks:

It can be challenging to find 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 KNOW HOW to bring traffic to websites. Many affiliates make money because they don't know how to market their programs.

Not enough??? Well, try thinking out of the box. Most successful online marketers create income by 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 searching for real estate. The carrier, he stated, was a questionnaire collecting information about their requirements: price range, number of rooms, location, etc. After receiving the data from the site, he sold their information as leads to mortgage companies and real estate agents in those local areas! This business venture can be profitable because real estate agents always hunt for warm leads. You can apply this to any other business where tips are sought after.

Don't let drawbacks discourage you!! These strategies are viable and the most commonly used ways to make money online. Do you have to believe that you can be successful besides? What business doesn't have its drawbacks? See you at the top!!!