There are many different types of business on the Internet, many
very different from traditional business, so let's take a look
at some common ways to make an income on the Internet. Where
possible I will give you some examples.
1. Paid To Read Emails or Other
Paid To Read Programs - Let's get these out of the way. This is
where a company pays you a certain amount per email or ad read.
Every company has different pay rates. Some are pennies per
email read. Others are hundreds of dollars per email read. As I
said, I am not going to knock any program here but you need to
use a little common sense when it comes to these. Who is going
to pay you hundreds of dollars for reading an email? Read the
fine print of the contract. You will see in most cases there is
a catch. If you want the whole scoop in the Paid To Read thing,
there are plenty of threads on the Internet. You will find that
many of these programs either shut themselves down or were shut
down because they didn't pay. However, if you find a program
like this that is legit, your earning potential is about a
couple hundred dollars a month, if you include recruiting into
the mix, which you can do. You will never get rich off of Paid
To Read programs.
2. Survey Sites - These are sites
that send you surveys which you take. If you qualify for the
survey you can earn as much as $25 to $50 for one survey. Most
surveys though are for points and discounts. If you spent a
whole day doing these it is conceivable that you can make a few
hundred dollars a month doing these. You won't ever get rich
from them. Also, never pay for a list of sites that give
surveys. This info is available for free.
3. Randomizers - These are programs
where you join, pay your fee, whatever it is and then every time
somebody joins a random payment is made to one of its members.
One thing you need to be careful of these. PayPal is cracking
down on them because they violate their TOS. So if a randomizer
uses PayPal as a payment source you may want to think twice
about joining. You can lose your PayPal account. Unless you do
an awful amount of promoting for these things and get your own
members, you potential monthly income is about $20 a month.
Randomizers are pretty much dropping like flies so you won't run
into as many of these as you did a year or so ago.
4. Doublers - This is where you put
in say, $20 on January 1 and in 90 days, or whatever the term
is, you get $40 back. You've doubled your money. These are also
not as common as years ago but they are still around. The
problem with these sites is that they are also against TOS of
PayPal and other payment processors. However, if you get into
one of these early and put in a lot of money, you can make a
bundle real fast. But you are taking a gamble because all of
these eventually fold up because the structure can't support
itself. Think about it. If you keep doubling your money every 90
days and never take it out you have this progression.
Eventually after a few years they
end up having to pay you millions of dollars. Unfortunately,
none of these doublers have lasted that long. So be careful with
these.
5. Paid Typing Companies - These
actually fall into 2 types. The real paid typing companies where
you have to actually have typing skills to get a job and the
ones that are nothing more than typing ads on the Internet and
getting paid if people buy things. You can actually make a lot
of money doing this, if you use the standard Google Adwords as
your advertising medium. Your average person, with a limited
budget, only makes about 2 or 3 hundred dollars a month. You do
have to pay for Google Ads. They're not free. The legit typing
companies will pay a standard wage for the work you do, whatever
the market will bare at the time. Never pay to get one of these
jobs.
6. Selling Advertising - This is
actually a very big thing on the Internet. This is where you
work for a company that sells people advertising packages or
programs that they claim will effectively promote your business.
This is another one of those things where you have to use a
little common sense. If these advertising methods are so good,
why is everybody using them to promote the company itself and
try to get people to buy the advertising package or the tools
themselves? Why doesn't ANYBODY use these tools to promote their
OWN business? I'm going to let you answer that question for
yourself. Like I said, I'm not going to knock anything in this
review. The earning potential with these can be quite great
depending on how much the packages sell for. Some are very
cheap, a few hundred dollars, and some are very expensive, in
the thousands. If you're going to promote one of these, think
about how easy or hard you think it's going to be for you to get
somebody to spend $3,000 on an advertising program.
7. MLM - Stands for Multi Level
Marketing. These are programs where you get people to sign up
and hope that they do the same. Some of these programs can be 10
or more levels deep. You need to be careful with these. The ones
that have no product or service and are simply pyramids are
illegal and will eventually get shut down. What most of these
companies do is include things like ebooks, auto responders,
etc. so that they give the appearance of being legit. Some
actually are. Most of the stuff given away by these are
worthless. It's hard to know what has value and what doesn't
unless you're a seasoned marketer. Earning potential with these
programs can literally be millions of dollars a year. But 95% of
all people who join these fail. That is a statistical fact. You
can look it up. The 5% who have some success range in income
from a few hundred dollars a month to $10,000 or more. Only
about 1% make more than $10,000 per month. Plus, the expense of
some of these programs can be quite large. MLM programs have
been the cause of many a family ending up in bankruptcy. So
please be cautious with these.
8. Freelance Writing - This falls
kind of in the job category as you get paid for the work you do.
The problem with this is that it's hard to find these jobs and
they don't pay much. If you worked 8 hours a day doing this
you'll probably make about $2500 a month. Most people do this in
their spare time and maybe make a couple hundred dollars
monthly. The trick is finding companies that offer this service
or people who will pay you to write for them.
9. Internet Researcher - This is
very similar to freelance writing and also very hard to find
these jobs. The pay varies greatly depending on the job itself.
If you can do this full time, you'll make a little bit more than
a freelance writer since research requires a lot more work.
You're looking at about $3500 a month for 8 hours a day. But
this is a tough gig and not easy to find.
10. Mystery Shopping - Actually,
this isn't really an Internet based job. You need to have a car
and be able to travel to where they send you. Depending on where
you live you can either get a ton of jobs or very few. Geography
plays a big role in this. This is something that you can make
about $1000 a month doing if you did it full time and got that
much work, but most people make a couple hundred bucks a month
at most. With the rising gas prices this isn't as attractive as
it used to be.
11. HYIP - Stands for High Yield
Investment Program. 99% of these are illegal and the feds are
cracking down on them. The list of HYIPs that have fallen is a
mile long, including the big fiasco with 12 Daily Pro. Yes, if
you get in early, you can make an amazing amount of money with
these if you put in a lot. Even if they do pay 12%, 12% on $20
isn't going to pay you much money. To earn big you must invest
big. If you can afford the risk of losing all your money, which
many people have done, then you may want to go in for a quick
killing on one of these. The earning potential is unlimited.
12. Selling Other People's Products
- This is called affiliate marketing and can actually be very
lucrative if you put in the time to promote. Ad expenses can
chew you up and if you pick products that nobody is interested
in you can end up making very little. Clickbank is one of the
biggest companies offering this service. It is best to do a lot
of research on a product before you decide to try selling it.
Because there are so many existing products out there to choose
from, this process can take a long time. The earning potential
here is unlimited if you have the resources. But again, just
like with MLM, 95% of affiliate marketers don't make any money
because they don't advertise properly. The other 5% earn
anywhere from a few hundred dollars a month to $10,000 a month
or more.
13. Creating Your Own Business -
This is where you make your own ebook, or start your own
service, or maybe even create a product and sell it. The
potential with your own business is unlimited depending on what
you're selling. When I say your own business, I don't mean to
join one of these sites that say "We'll give you your own
business." These are just cookie cutter sites that thousands of
other people have. And there is nothing wrong with them. But you
will be limited to what you can do with them as most have pretty
fixed sales templates. Some are better than others. So do your
homework on them if you don't want to build a product and
website from scratch.
There you have it. Like I said,
it's not totally complete but it's most of what you are going to
find out there.
Why? Because the answer depends on
you, and what you answer.
Let's say I said to you that the
first thing you want to do is learn how to write really well
because that is going to be one of the keys to making an income
on the Internet, at least a good one, and you said, "But I hate
to write!" Well, then obviously you're going to drift from the
game plan right from the start. So instead, what I am going to
do is give you options. Lots of them. Because believe it or not,
there is more than one way to make money on the Internet. Some
will be more profitable than others at the start, and you need
to try several different ways, all at the same time.
My point is, there is more than one
way to skin a cat in this business. I will give you as many ways
as I know of. I certainly don't know them all, or am an expert
at them all. For example, I know nothing about selling on Ebay,
though I hear that can be very lucrative. I just can't help you
with it because I have never done it before.
So in the series of articles to
follow, I will give you a number of ways to capitalize on your,
what I call, "generic" starting point. So this is what I want
you to do after reading this article, because this WILL be YOUR
"Where To Start."
Sit down with a pen and paper (yes,
get away from the darn computer) and write down ALL your
interests. That's right, ALL of them. I don't care how silly
they are or how unlikely they are to make money. Just write them
down. The reason is simple. You have got to spend a fair amount
of time doing this internet thing, so you might as well be doing
it in an area that interests you.
So for me, I am interested in
health and cooking so doing something in this area makes sense
to me.
More to come!
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