Before we delve any further with the details, let me give a brief background to what this is all about. If you're reading this, I have more or less an idea about why you came here in the first place - you jumped to the web, went to a search site and typed in how to make money online or some similar search criteria, and bamm... you're here! If, I am right, go and nod your head a couple of times, then grin because you did so knowing very well that everyone else might have seen you nodding in front of the computer but not me... :)
Seriously though, how do we make money online? Like I told you, I'm kindda new to this stuff but from my readings and research on the web, I have basically narrowed my choices to the following, based on thier Difficulty of setup, and rate of success.
Below is a list of possible sources of potential income that you and everyone else can do online:
1 Google Adsense Program, and other similar revenue based programs
What is it?
Google Adsense is basically Google's own way to generate revenue by putting in relevant advertisement to your website. Google pays you whenever a visitor on your site clicks on the listed ads, thus, the P.P.C. (pay per click) concept was termed.
Other programs include AdBrite, Bidvertiser, ExoClick offers p.p.c. programs as well, but so far, I'm planning to initially concentrate on Google's adsense program for both lack of knowledge and lack of experience with the others mentioned above.
Basically, anyone who lists and advertise in Google is gonna pay the tab. Personally, I've tried this for a while now, but failed to generate anysubstancial income of it because I haven't really concentrated on it.
Difficulty Level
Beginner - Anyone who have a gmail account can join. setup is a breeze and you get adequate support through the FAQ page and the intuitive wizard-like help system that it gives you when you setup the service for the first time.
Rate of Success
Like what I said, I've personally haven't gotten any substantial return on my first attemp - admittedly because I have been slacking on the job! But from everyone else out there, I've read success stories on varying results with payouts ranging from above $4K per day to $0.40 per month.
2 Affiliate Marketing
What is it?
Affiliate Marketing is basically selling another persons product or services by either promoting or advertising them on your website. These programmes offer commissions whenever they sold their product or services through you. Some of the more notable would be ShareaSale, and LinkShare. Personally, I haven't tried any of it and this will actually be my initial attempt.
Difficulty Level
Affiliate Marketing Programmes can have varying level of difficulty setting up because it requires you to generally apply for them. Some programmes only requires you to fill out a form, but others require you to guarantee traffic per month, content, and sometimes, even providing marketing for them. So choose carefully.
Rate of success
As before, the rate of success for this method is also varied, because it hinges on a lot of factors - the good news though is that, these factors can be controlled and can be determined by you - therefore, the saying you reap what you sow generally comes to mind.
3 Online Selling
What is it?
Online selling is riding the waves that the internet has brought - connectivity. With more and more people turning into the internet to satisfy their shopping requirements, you can basically become a sales taipan overnight! This all depends on you by the way. In essence, online selling is basically exchanging goods or services in the internet, which more or less offers the efficiency of the internet.
Difficulty Level
The level of difficulty for this type generally depends with you. You can go to the giant online portals like ebay, or bidshot sign up then start selling, or you can go and start your own website so you can earn more by incorporating the other method of generating income mentioned on this site.
Rate of success
Overall the rate of success for this method is high - generally, because it is a direct activity where you can generate profit immediately of your own choosing.
4 Outsource Service
What is it?
Basically, you offer your expertise (should you possess them...) with content writing, web development, search engine optimization, and programming for a fee. I think I will try my hand on this for this activity. If you think you want to try this out yourself you can hangout on these sites Rent-A-Coder, GetAFreelancer, eLance, and Scriptlance.
Difficulty Level
You basically need to be quick as competition is very fierce. A lot of freelancer of varying expertise exists in direct competition with you, you need to act fast, be on top of things and have some guarantee on your work. In time, referrals will come and finding clients will become easier as long as you can hold fast on your commitment and level of service.
Rate of success
Like the other methods, this one basically depends on a number of factors. But a lot of people I know who went fulltime to freelance never got back into their day jobs. Which means it could possibly be the "thing" for you, but like what I said - it is you who ultimately holds the answer.
So there, I've listed some of the methods that I see myself subscribing into for this little experiment. Of course there are still a lot out there - Paid Blogging, High Yield Invesment Programs, and Ad Space Selling which are all equally fantastic, but I've chosen to start with these four to simplify my campaign.
That's it... see you all later...
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