14 Successful Ways to Make Money Online

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Imagine being your own boss, never being lectured to or having to listen to stupid ideas when you know better. Imagine following your own schedule and working from anywhere in the world, anytime, whether it be a coffee shop across town or a completely different country. No more hectic work hours, only a few each week. Imagine going on vacation and coming back to find that you’ve made money from a residual income online, not only that... but it’s a lot of money. Well it’s not impossible, it’s what many ordinary people have been doing through the internet.

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So exactly how have people been taking advantage of the internet and making money online? Most of these ways have little to no start-up costs, just an investment in time and education. Here are actual ways regular people have been changing their income and lifestyle using the internet.

1.  Facebook

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It’s common for someone to have hundreds of friends on Facebook. If not, it’s easy to gain a large targeted audience quickly and for free. This makes it only natural that Facebook has helped many people make money.

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Among the top 3 websites in the world with 25% of the world’s population using it, people are making money from Facebook. It’s common for someone to have hundreds or even thousands of friends on Facebook where one post can reach a massive audience for free. Facebook has an ability to not just advertise, but to connect with a related audience. With an ability to capitalize on repeated advertising, trust building, and establishing a customer relationship once someone friends you, these are huge advantages to an advertiser other methods don’t provide. Along with a built in advertising platform, it’s no wonder people are making money from this huge consumer market.

How exactly are people making money from Facebook? The most popular way is by getting email leads, advertising a product, or affiliate product (selling another businesses product for a commission)on Facebook. Many people have found success by turning a Facebook page into their own Amazon store using FB Shop Builder, Click here to learn more.Finding a highly targeted audience is easily done just by joining a Group, all the work is already done for you.

There are affiliate products that are highly targeted to a Facebook audience like; a pickup guide to changing a Facebook conversation into an actual date, lessons on how to get lots of traffic to any Facebook page (Fast-Track Facebook Traffic), or autobots that will build your Facebook page for you on autopilot (fb autobots)..  

Other people are making money by promoting other people’s businesses on Facebook, or managing celebrities social media profiles.

Whether a product is being advertised and sold directly to a Facebook audience, or a service is being provided on Facebook itself, this huge niche market can drive volumes of followers at little to no cost helping advertisers make money online through sales and other means. Could you be rich without knowing? Make money through Facebook just like 1000's of other people, check out Fan Page Money Method.

2.  YouTube

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The entertainment industry is huge, producing more multi-millionaires than any other industry. So it’s no wonder that Youtube can generate multitudes of millionaires just from doing ordinary things.

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Youtube is the 2nd most popular website in the world with over 4 billion videos being viewed every day. What’s unique about YouTube is that people are making 6-7 figure incomes from doing; pranks, comedy skits, video game commenting, video game walk-throughs, toy reviews, playing with toys, filming people’s reactions to things, how to videos, along with everyday common things. Amazingly, some of these people are still children. Years ago no one would think that someone could make $2.5 million from doing pranks on people and filming it on your phone, Youtube has changed everything.

So how does a YouTube video convert to money? These videos will either promote; a product that was created, affiliate product, CPA offer (cost per action offer, where businesses pay you based off a visitor's action on your site), membership to a website, instructional videos, website access, ad space on videos, product sponsorships, and pretty much any form of internet marketing talked about later on this page.

Once a large enough fan-base is acquired, other YouTubers go into contracts with big name companies. Either for doing reviews for a product, mentioning a product, or just using it in their videos. The YouTuber usually contacts the company, shows them their video/channel, works out a contract, and makes a video containing the product or just puts an ad for the product in a popular video.

YouTube has amazingly changed the way people make a living. It has overthrown the traditional idea that common hobbies and acts once thought of as just shenanigans, are now serious and lucrative sources of income meant to be taken seriously. No longer do you have to be a singer who can hit 5 octaves to be a superstar, Youtube has leveled the playing field for the ordinary Joe and made many people very rich just by doing everyday things. Learn how easy it is to make money from YouTube, check out UTubeCash. 

3.  Crafts and T-Shirts

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The apparel market is larger than the gaming market online, and crafts have been very successful as well. The crafts and t-shirts niche is a potential money maker for the artistic type that shouldn’t be underestimated.

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Gifted with a crafty side? Got a creative mind? What the typical artist and crafter lack in the business side of things, websites like Etsy and Artfire take care of that for them. These websites provide artists and crafters with the selling ability through their site, tools, advice, and targeted consumers. Crafters can now focus more on their creations from; making cards, decorations, jewelry, accessories, bags, purses, clothing, art, collectables, and all kinds of knick-knacks they create while making money online. Discover how to be successful with Etsy, Click Here. 

T-shirts are a huge niche as there has been a boom of successful million dollar online t-shirt businesses. With just a creative mind someone can make real money from this, and without the business background, company infrastructure, or employees. Sites like Cafepress and Spreadshirt allow a creative person to login, create a storefront (for free), customize their personal shirt design, and start selling their shirts. Cafepress takes care of; producing the item, charging the customer, shipping the product, handling the customer service, and the artist gets a cheque based off of the sales every month. Learn how to start your very own successful t-shirt business, Click Here.

Websites like these have provided the means and exposure for artists to unleash their creations to a hungry audience, allowing many ambitious people to earn money from their innovations.

4.  Buying and Selling Stuff

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Trading and retail stores have been around since the beginning of civilization. The online world has only made them better and more expandable in an exponential manner. A well setup online store can bring in lots of success very quickly.

On a smaller scale you can start selling personal stuff on eBay or on craigslist. From model kits, comic books, furniture, antiques, records, shoes, the list is endless to what people collect these days. It’s important to take good pictures and give a full description, but this is just the beginning for buying and selling stuff online to earn money. (Learn how to make money and setup your own Amazon store today using AzonAuthority).

Good at getting at deal? You can get into amazon flipping. This is where you buy things online, in retails store, thrift store, or even manufactures, then sell them on amazon. It’s necessary to have the right apps on your phone that can scan an items bar code and compare the price to what other people are selling them at, this will give you an idea of what’s a good deal. You also need to learn what’s in demand by the market. Without a demand, you could be holding onto purchased items for years. The proper Amazon keyword tools and online research tools like ASINSpector standard are necessary and will give you the right insight and huge advantage as to what’s in demand, saving you money from potential mistakes.

If you find a good deal in the clearance bin or in a thrift store, you can try getting more of the same product by calling the manufacturer.

Bundling items together as a package deal is also a great way to flip inventory, but it needs to be done properly, bundling the right combination of items.

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Once a little success is found buying and selling things online, it doesn’t stop there, others have gone ahead and scaled things up to a greater level and greater profits…

Virtual Drop-Shipping
Some people don’t even deal with an inventory. They make money online by finding a good deal on eBay, then post an ad on Amazon (or vice versa) for the same item but a few dollars more or claim a charge for shipping. When another customer purchases the item from their posted ad, they’ll collect the difference and input the customers shipping address in the original ad they found so that the original item get shipped straight to their customer. 

Perhaps you contacted the manufacturer of a physical product that’s willing to give you a good deal on a hot item you sold. To make more money you can setup an eBay sales page and get involved with a drop-ship business like Doba who will take care of all the shipping and inventory for you. This is ideal for small businesses or home businesses where the garage used to be the warehouse.You'll also save on warehouse overhead costs, the perfect medium before committing and renting a warehouse. Take note that some drop-ship businesses like Doba have a catalog of their own products that you can sell on your sales page, so sourcing a product to sell is no longer an issue. Your entire inventory is kept in their warehouse, where they take care of the shipping, you just have to make the sales on your sites and collect the paycheques.

Another way to avoid keeping any inventory is to buy large quantities of product and ship them to Amazon. FBA (Fulfillment by Amazon) will take care of shipping your product for you after a sale is made. They take a commission, but shipping and storage is taken care of. Great customer service is important whenever dealing with amazon or eBay, as people will write reviews that affect your potential sales. Check out AzonAuthority to learn how to start making money from Amazon Today..

5.  Creating a Digital Product

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Books and software are among the largest online sellers. With a convenient download, digital product owners have very little work to do as websites generate residual income for them online.

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Others have made money by creating something of their own. The options are limitless; a software product, an e-book on workout exercises, math lessons for kids, or even cooking lessons on video. The beauty about selling your own digital product is that there is no shipping involved. Once a sales page is set up on PayPal; customers can come to your site, purchase your product, download it, and you can earn money literally in your sleep.

If needed, customer service and other non-automated tasks can be out-sourced to companies like Virtualemployee or Eqod. Marketing can be handed over to affiliate networks, who have an army of people willing to help you sell for a commission. So if someone creates a popular enough product, they can let it sell from their website on autopilot and basically retire.

If you don’t know how to program or write an e-book on piano lessons it isn’t a big deal, hire someone who does. Many product creators just hire other professionals from Elance or Freelancer where experts who know their trade are looking for smaller gigs or to earn money on the side. On these sites you can usually get professional work done for much cheaper since they get many of their workers from other English speaking countries where the wages are much lower but the education is just as good.

Other product creators have taken the route of buying PLR (private label rights) products from other authors, editing it for their purposes, then selling it as their own, all done completely legally. (Click here to learn exactly how to setup a digital product business, making money while you sleep)..

Before a product is created the first and most important step is to do market research to ensure there is a steady market demand for the product, then centering your efforts around that. When it comes to making money online you don’t want to waste your time creating something that only trickles in a few bucks, you want to hit this one out of the park.

After a product is created, set up a website, set up a sales page, add a marketing funnel, a little bit of advertising and you’re set. Paid advertising through; media buys, affiliate networks, pay per click, pay per text, pay per view, social media, banner ads, and solo ads all make your marketing campaign powerfully expandable, the sky is your limit. With the right marketing knowledge and the powerful reach of the internet you can literally get millions of hits and thousands of customers in very little time.

6.  Affiliate Marketing

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Product owners are looking for people to help them sell their products and are willing to give a handsome commission for it. With the work being done by websites or quick posts, affiliates generate a residual income at the convenience of anywhere in the world.

Affiliate marketing is where you help a business sell their products. It can be a physical product or a digital one such as an e-Book. This is done by first getting an affiliate link from a business directly or through an affiliate network. After, placing the affiliate link on your website, blog, social media site, email newsletter, classified ad, or anywhere you can put up a link on the internet. An affiliate link is a link that is trackable and will usually lead to the business websites sales page. Whenever a visitor goes through your affiliate link and purchases a product from the business website, the visitor’s origin is tracked back to your account through your affiliate link and you get a commission of the sale or paid a set price for helping bring in the sale. Without your efforts or link, the sale would have never been made.

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There are 3 great things about affiliate marketing. One is that it’s free, there is no start-up or overhead cost. The second is that it’s automatic, your blog or website does all the work for you while you sleep once setup (this also means residual income). Third is that you don’t need to have your own product to sell or any ability in creating a product such as an eBook on cooking or know how to program software. The time consuming and knowledgeable part of making a product has been taken care of for you. All an affiliate does is help sell the product and gets a good commission from doing it.

Affiliates (people who help advertise a product) are connected to merchants (businesses with a product to sell) through an affiliate network such as; Clickbank, Jvzoo, Adworkmedia, and many others. Sign-up is always free.

Products range from; games, French lessons, self-help books, music lessons, to anti-virus software, the list is endless. Businesses range from fortune 500 companies to small independent owners.

The commission you get can range anywhere from 1% to 100% (the business benefits from the up-sale and customers email, so many are willing to give you 100% commission) of the product sold.

One form of affiliate marketing is CPA (cost per action). This is where big name companies give you a set rate (usually $1.50-$10 for a simple email sign-up) if you can get a visitor to take a specific action being; a click, an impression, email signup, form submit, registration, newsletter sign-up, etc. The advantage of CPA marketing is that a visitor on your site is more likely to give you their email because it cost them nothing, rather than to take out their wallet and purchase something from a website. So it is easier to get money from a CPA offer because they happen at a higher rate than making a sale.

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Another popular form of affiliate marketing is done by setting up a simple sales page to an Amazon store front, where you get the commissions (Click Here to learn how easy it is).. All that’s required for an affiliate is to set up their own sales page, plug in their affiliate links (this gives them the credit when a customer purchases from Amazon), and Amazon takes care of the sales process when a customer makes a purchase. Affiliates get a commission of any sales that are made, all they need to do is drive traffic from any source to their sales page. (See CashBlurbs and Bullet Viral Traffic to learn how to get massive amounts of traffic easily).

There’s a little more to just plugging in affiliate links on a webpage for affiliate marketers. There’s market research and keyword research that needs to be done before spending time building any webpage. Otherwise you can learn the hard way that there is; no demand for the product being advertised, you’re targeting the wrong people, ranking for the wrong keywords, advertising the wrong product, you don’t have the right tools to use, or the niche you’ve chosen is just too competitive. Ultimately, your efforts aren’t making money online. So the right guide and education is needed before starting. Start your own money making websites on autopilot using Affilorama, the complete affiliate marketing guide for newbies.

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Affiliate marketing can be done through Search engine optimization (ranking on google), Facebook, twitter, YouTube, pay per click, pay per text, pay per view, banner ads, media ads, mobile traffic, viral traffic, email, traffic exchanges, the avenues are endless. This makes the potential to make money online just as huge and endless. Combined with the flexibility of not having to create a product, the vast list of niche products to sell, the residual income and automation of sales, affiliate marketing can be both lucrative and exciting as the options available.

7.  Blogging

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A blog can be setup about anything, but the ones that stand out are the ones where passion and commitment are seen in the work. However once set, followers and like-minded fans will flock to a good blog. Selling a related product to that audience is easy, because the passion is already in them.

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If you are good at a hobby such as knitting or playing the saxophone and want to share that passion with the world, why not start a blog? After all there are many bloggers out there making a living from it.

Traffic to a blog comes in from search engines such as google and Bing, but also the blogging networks themselves such as; Tumblr, Quora, Medium, and Blogger. These platforms allow people without any programming skills or even a website to easily create web pages with articles, videos, and pictures of what they are passionate about. Along with right programs, these blogs can be updated automatically.

So how does a blog earn money? Through monetization (converting web traffic to money). You’ve seen banner ads or pop-ups on a webpage you’ve visited, that’s how. A product can be sold directly through your blog or the blog could advertise an affiliate product (selling another businesses product for a commission) on the page. It could also lead to a CPA offer (cost per action offer, where businesses pay you based off a visitor's action on your site) that pays based on an email sign-up or even impression. Getting a sponsor or selling ad space on a blog is also common. You could even have a combination of the many forms of monetization. So if visitors don’t purchase from your banner ad, you can still earn money from their impression.

The important part of monetizing your blog is to have offers that are related to your blog. Someone willing to buy a basketball isn’t that likely to be on a fashion blog, but someone willing to buy lipstick is, so a lipstick ad would be much more successful. The other factor is traffic, the more traffic the more money. This is why blogs are often linked to from social media platforms like Facebook and Twitter, because they are a huge source of traffic.

Search engines will read the articles on your blog and over time each page will be valued more to the search engine based on various keywords. This means that when a person types “red dresses” into the search engine and your blog is about red dresses, it may appear on the 10th page of google. But over time as the search engines value your blog, it can appear on the 1st page in the 5th position. There are other factors, but the entire process of getting your blog ranked higher by the search engines is called Search Engine Optimization (SEO for short). This is another huge source of free traffic.

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The advantage about blogging is that if you are passionate about something, it is easy to gain followers to a blog if the passion and knowledge show in your content. Hobbyist and fans are looking for an authority site and community of people who share the same love interests. As a result, they will naturally be attracted to a good blog. Getting them to open their wallets to a related product is easy because the interest and passion is already in them, all of the while you could be sleeping while your blog makes money online. (Click Here to Learn more about making money from your own blogs from the Guru of Blogs).

8.  Website Creation

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A website can be created from a compilation of articles, videos, programs, pictures, and music. Much like a tree, website traffic will naturally grow due to search engines feeding them. Websites can be very profitable, generate residual income, with global reach, all the while their owners travel, managing them from anywhere in the world.

Creating a website on a particular topic is another great way of making money online. It involves getting hosting, a URL address, and some website development software or using an online website builder such as Wix or Weebly. Hosting is about $10 a month or even less, and buying a domain name is about $10 a year. A website builder ranges from free to under $150 one-time payment. Most website builders are very intuitive to start using and will have well defined instructional videos on everything. If there is ever  a question on how to do something, you can always email customer service and they’ll get right back to you. Remember there’s also google and YouTube for instant answers.

Once your website is built (easier than you would imagine) you would have to get traffic to your site through Search Engine Optimization (SEO, getting ranked high by search engines like google), paid traffic, social media, or other ways. SEO is free but time consuming, however it can be hired out to professionals on freelancer or Virtualemployee. Paid traffic is instant and very scalable, but is a skill on its own as you need to keep an eye on tracking and conversion statistics. Social media like Facebook is both free and paid and can generate lots of traffic very quickly. There are also lessons from experts and programs that will generate traffic automatically such as Social Video Formula and Bullet Viral Traffic to get easy targeted traffic.

Once you have traffic, there are many ways a website can make money for you. Selling a product, affiliate marketing (selling someone else's product for a commission), and CPA offers (cost per action offer, where businesses pay you based off a visitor's action on your site) are common. The product being advertised needs to be related to the website as this will lead to greater conversions and sales. Other forms of monetization (converting web traffic to money) are; membership fees, continuity programs, membership sections, exclusive videos and content in your site, selling ad space, sponsorships, as well as many others.

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The beauty of creating a successful website is the residual income and complete automation of it. Little work is done to maintain it, but that can always be outsourced. Running a successful website can also be done from anywhere in the world that has an internet connection, allowing you to travel and work at your own schedule.

Almost every website will try to get your email address at some point, this is because email marketing is a big form of making money online. You’ll see on websites how deliberate they are in getting your email through a sign-up box or a pop-up window when you try to leave. This is because the email list they are building can be marketed to after a visitor leaves, repeatedly, and for free. Many sites will offer you incentives such as free content, or even physical products shipped to your house (then they also get your mailing address so they can mail you more offers) just for your email.

Once they have an email list, all forms of internet marketing we’ve talked about can be done through just sending an email. From their perspective they get an autoresponder (a host that sends out emails for them automatically in a specific sequence, at specific intervals, over the course of a month/several years), then they write the emails.

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After which they lay back and all the work is done, as the website makes money online for them for the rest of eternity. The website generates sales and email sign-ups for them, the email newsletter people sign up for generates more back-end sales and up-sales. Meanwhile, they can be laid back on a beach in an exotic country sipping margaritas. From your perspective once you’ve given them your email it looks like they write custom and personalized emails to you every 2-3 days for the rest of the year, but it’s really not as much work as it appears to be on their end. (Learn more about building a residual income generating website with Affilorama, Click Here)..

Website creation is similar to blogging, the difference is that you don’t get the traffic from blogging networks (a small disadvantage) but you do get total control over your site without the restrictions that a blogging network has. With a website you can make it as big as you want, have any kind of content you want, and monetize it as much and in any form you want. Developed websites can later on be sold to a buyer for a lot of money.

9.  Winning Money/Online Coupons

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The easiest and quickest way to get money and stuff online. You may wonder what the catch is, just an email.

This one isn’t about making money, but it is about getting money. After all that’s the goal of making money right, having it at your disposal to spend.

Ever seen a news report or newspaper article featuring someone who quit their job and enters contests and sweepstakes full time? Where it might be risky and unadvisable to do this, it is very possible to win money and prizes by entering contests online.

Why are companies willing to give away money and prizes? A %1 increase in net sales for a big name company can be worth millions of dollars, that’s just a %1 increase. Any growth in net sales is based off of a refinement in their marketing strategy. A better marketing strategy is based off of weighable data. This is where customer reviews, surveys, and sign-ups come in. In order for a company to get this time consuming data from the average consumer they need to bribe them with something… giving away stuff and money prizes. Companies gain in optimized products, better marketing funnels, and further marketing intelligence in both long-term sales and intellectual leverage over their competitors. Also remember that the prizes they give away usually cost them a fraction to make than what you’d pay for it and can be a tax write-off. Just as the saying goes, “wisdom comes before money”, wisdom for any company’s marketing strategy comes in the form of customer input. Getting consumers to take their time to fill out an email need to be done by bribing them. (See the most popular money giveaway contests here).

Online Coupons
There are multiple reality TV shows on Extreme Couponing, so we know it’s legit. Where people walk out of stores with 1000’s of dollars of merchandise and paid nothing. What many people don’t take advantage of is that coupons have moved onto the internet nowadays, and many are coupons that can’t be found anywhere else. This is because companies want to test their online campaigns and websites, and you can’t test an online campaign from a walk-in customer.

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Before giving away the online coupons, companies will usually ask visitors to fill out a survey or submit an email. This is the trade-off for the products or prizes they give away and is how the company benefits. Without this necessary information, the prizes companies give-away can’t be supported.

In the past, it would take a team of people to review 1000’s of forms customers submitted. Today the online form review process is so much easier for companies, as it is done by program and completely automated. With the savings on paper printing, distribution, and tallying the results, more and more companies are moving towards online coupons and product give-aways (See the best online coupon deals here).

10.  Craigslist and Classified Sites

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Without the rules that search engines and other social media sites follow, Craigslist and other classified sites allow for a savvy businessperson to fully capitalize on a highly targeted market, and for free.

This method involves a website where monetization (transforming traffic to money) has been established. Where advertising through search engine optimization is free but takes time to get traffic, and paid traffic is instant but cost money, Craigslist and other classified sites have the best of both worlds. Craigslist has the ability to get a lot of qualified traffic and at no cost to your site, blog, Amazon store, or ad if you are selling something. The catch is that you need to know how to create these ads in such a way that won’t be taken down. There are rules that Craigslist follows where they don’t allow links in your ads or allow flyer style ads, rules that make it harder for advertisers to post ads. However if you are savvy and know how to get around these rules, the free advertising potential of Craigslist and other classified sites can be fully unleashed, getting you lots of free traffic, making you lots of money. Discover a step by step guide for newbies to make money from Craigslist, Click Here to learn more.

11.  Work from Home/Offering a Service

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Working from home is more convenient, relaxing, and allows more time spent with family. Let’s also not forget the gas, stress, and time saved everyday on the commute.

Maybe you’re looking for something you’re more used to or something within your background. Either to pick up money on the side or for the luxury of working from home, there are specific sites looking for services like; teaching, coaching, writing, making films, transcribing information, financial planning, baby sitting, programming, accounting, tax prep, book keeping, answering phones, customer service, tutoring, and many others. Websites like CrowdSource, Demand Studios, Leap Force, and Liveops are sites that connect people who want to work from their computers at home, at their own schedule, with many different types of jobs. This is a perfect way of making money online for a stay at home parent who has children.

The key in making the most money by offering your service online is to spread a wide net. Get your services listed to the specific sites like Tutor.com, Care.com, Elance and as many others as possible. 

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Even classified websites like craigslist should be included. Once you have a wide net, picking from a larger list of job options allows you to choose higher paid or easier job offers.

Many people have landed a more relaxing career, healthier work environment, while being their own boss, from the comfort of their own home, all done online. Want to work from home? Join the worlds largest home job market here and start your home job today!

12.  Reviewer/Taking Surveys

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Money can be made from doing reviews. Reviews over a local restaurant on yelp, software, e-books, or even physical product reviews. You’re probably questioning if reviewing is a serious form of income? I’d like to mention that there’s a 9 year old boy on YouTube (EvanTubeHD) who does toy reviews raking in 1.3 million dollars annually.

Companies and websites are willing to pay for a testimonial review because in many countries posting a fake testimonial online is illegal. Sometimes companies will ship you the product if it is physical or allow you to download it for free if it’s digital, and after the review you may even get to keep it.

It helps to have a lot of followers on social media, get a lot of hits on your website, or have a website, blog, or video that has a niche specific to the product you are reviewing. Then it comes down to contacting a company that you want to do a review for. In this case calling them by phone is better than email, as businesses will take an offer more seriously. They’ll ask to see your website, profile, or other reviews if you have any and if they like what they see you’re in, potentially making a living online. Learn how to setup your own review site and make money from it, Click Here.

Websites are willing to pay people for their honest opinions in a survey. Companies benefit from consumer data in the long-term sales of a refined marketing strategy, so they are willing to spend money to pay people to take surveys. Sites like Swagbucks, InboxDollars, GlobalTestMarket, E-Poll Surveys, and Survey Club will pay you to take surveys. These sites are good for some extra cash. It’s best to sign-up to multiple sites if you want to make more money from taking surveys online. See exactly how to take surveys for cash here.

Requiring very little skill and just your honest opinion, reviews and surveys can now generate money. It’s also empowering that our opinions matter so much now.

13.  Forex Trading

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The largest and most liquid of financial markets, the forex market often exceeds $4 trillion in daily activity. With the operational flexibility of anywhere in the world with internet, many individual investors have learnt to take advantage of its potential.

When it comes to making money online, Forex trading is one of the most obvious ways. The foreign exchange market (Forex/fx) is trading in the currency of other countries. Forex trading in simple terms is the value in one countries currency in relation to another. Daily changes in currency are generally small, making the foreign exchange one of the more steady financial markets around. In the past, forex trading used to be only for hedge funds, big banks, large financial institutions, corporations, or the mega-rich. Today the internet has made forex trading available to everyone through online brokerage accounts.

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Where there is a lot of leverage that can be used to your advantage if you know what you are doing, the key is that you need to educate yourself on forex trading in order to make money. For those looking to peek into forex trading, there are lessons taught by experienced investors to help the average person get started (FX-Agency). Along with, there are automated programs developed by knowledgeable programmers for forex trading so minimal effort and attention is needed from an investor (check out Forex AutoScaler).

Start small, and then if successful invest more. Forex trading should not be seen as “get rich quick”. In spite of which many people have made lots of money from forex trading, which is why the mega-rich have been doing it before the internet made it accessible to everyone.

14.  Domain Name Flipping

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Hard work can sometimes be replaced with the right knowledge. Just like profits earned in flipping a house, or a good trade in the stock market, domain names can be flipped for a profit. In domain name flipping there is no need to build up a website, profit is mostly in the name and the pick.

Other people have made money online through buying and selling domains, also known as “domain name flipping”.

The Domain name is the address a website is located on the internet. It is the equivalent a house address has in relation to a city. It’s how people find you or a business on the internet.

Domain names are valued by website owners for many reasons. If it has keywords contained in the domain name that match what that website is about (redshoes.com for a website that sell red colored shoes) not only does it; convey authority to a customer, give the website credibility, make it easier for customers to remember and come back to in the future, create branding, it also helps in SEO ranking. When a keyword being targeted is in the domain name it is called, “Exact Match Domains” or EMD’s for short. Non-EMDs like smithandsons.com for a lawyers firm are hard to read, hard to remember, and come off as spammy, losing credibility in a viewer’s perspective. Also Google penalizes new websites so most people want an aged website, this means buying an existing domain. This is why the right domain name has value to a business.

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Where some domains are bought for $4000 and then sold for $26000, this is not always the case. Domain name flipping needs to be backed up with the right education as it isn’t as simple as it sounds. Many people looking to make a quick buck buy a handful of domains and end up sitting on them for years before ever being sold, losing out on the time invested, and not selling other domains ever. Successful domain name flippers do proper research, and know when to buy and sell domains at the right time. The proper training is important just like all ways of making money in life, but domain name flipping has proven for some to be very profitable. Discover exactly how to flip domains, Click Here.