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There’s a lot to like about the internet, but for entrepreneurial types, it’s money making ability is one of those things that really sticks out. While some are merely leaning on the internet, others are literally depending on it to drive the bulk of their revenue.
But how do you find the opportunities and avoid all the scams? You must know what’s genuine and worthy of your time. This post will guide the way with some helpful pointers entrepreneurs can use to make money online
1. Freelancing
The internet has been very kind to the freelance game. In turn, professionals in a broad range of fields have been able to benefit. The internet has served up golden opportunities to:
- Writers
- Editors
- Designers
- Developers
- Video editors
- Accountants
- Transcribers
- Customer service reps
Best of all, there are several websites sites like elance.com and Freelancer.com specifically designed around connecting freelancers with clients who need work done. If you have a unique skill that is in demand, you can create a freelance business, and use it to make money online.
2. Affiliate Marketing
Affiliate marketing has long been considered one of the best ways to make money online. You find an interesting product people want, drive traffic to the seller, and get paid what is often generous commissions for the visitors they convert. Several have made a living out of this practice, and with the ability to add elements like video and social in the mix, affiliate marketing is looking better than ever.
3. Email Marketing
As one of the oldest internet marketing tactics, email marketing is a tried and proven method of making money online. This method is so effective because it provides a reliable way to stay in touch with your audience. So you can let customers know when new products are available, or keep in touch regularly through a newsletter. Offering a low cost of ownership and high return on investment, the possibilities are endless with this one.
4. Advertising
The abundance of internet activity has made advertising one of the highest drivers of online revenue. Entrepreneurs can get in on the action. There are numerous ad networks that will pay you just to send traffic to their partners. Selling ad space on your website or blog is also an option that has been working for internet entrepreneurs. Whether it’s impressions, clicks or direct sales, advertising can be a steady way to fill your bank account.
5. Selling Domains
Are you good at picking out clever, catchy names? If so then you can have a future in domain name flipping. In 1999, Business.com sold for $7.5 million. 10 years later in 2009, Insure.com sold for a whopping $16 million. Of course this practice requires a ton of patience, strategy, and luck, but offers a handsome payday for those who do it right. Consider it the house flipping of internet real estate.
6. Write Reviews
Reviews are a powerful form of word of mouth marketing. They help increase awareness and sales, so companies are always encouraging users to leave them. Aspiring entrepreneurs will be happy to know that there are numerous websites that pay real money to write simple reviews. Share your honest opinion about a product or service you tried, get paid for your time and effort. Review writing is another straightforward practice that has become a business for some.
7. Stock Photography
Photos are a hot commodity online as they are needed by businesses, bloggers and everyone in between. While some are free, others require a fee to use, and this is what makes selling stock photos a decent way to generate extra cash. Some photos sell for a few bucks, but others go for hundreds and even thousands of dollars. Whether you have a passion for photography or just have a pile of photos laying around on your hard drive, stock photos is a nice option to consider.
Unless you live on the corner of Easy Street and Smooth Sailing Boulevard, you probably need a steady stream of income to survive. Times are hard, but when the tough gets going, the clever get creative and start thinking outside the box. Many aspiring and seasoned entreprenteurs are turning to the internet to find their way, and with all the money making opportunities online, it’s easy to see why. Get on the prowl, and you too can eat good off the wealth of the internet.
Francis Santos is a writer for Benchmark Events, a best practices event marketing company.
