Thursday, May 22, 2008

Making Money on Internet

When we say making money on Internet then its not like finding people who are ready to share there wealth with you and providing them with your account details to transfer money. It's actually more like earning money on net.

How and why will it be possible to earn money on net? In fact how does anybody earn money in real life also. It's by doing some sort of jobs or service for someone, or by providing some information and charging for it, or hooking up two individuals with complementing needs and charging a commission for it. Or even selling something and earning your share of profit through it.

So what kind of jobs one can do on internet, to be legitimately eligible to earn money as a salary or hourly wages? Well all those tasks that someone finds laborious and would like to outsource to others.

1. Data Entry.

a. Transcription: You have information in images, audio, video or some other media and would like to get them converted to text.

b. Writing contents: Well writing contents is also like a Data Entry job but you are not provided the source to refer for it. So either perform a web search for the topic or input information based on your knowledge and experience.

2. Earn by Advertisements: If your site or blog had a good audience and a lot of visitors visit your site, then advertisers would be willing to place their ads on your site/blog to boost their presence and popularity. You do get some amount of money per impression of their ads or per click. So you can earn by blogging.

3. Advertising networks: Like Google Adsense and Yahoo publisher network and many more. In this type of advertising you don't have to find individual advertisers but these networks find them for you and places them in the ad space you provide to these networks. They charge advertisers for showing their ads in their network of sites including yours and you get a share of what your site earn for Affiliate advertising networks.

4. Sponsored content writing: If you have a large audience and have good influence over your audience, people do pay to write positively about their products, services, sites. There are ethical concerns about it but one is still independent to express their views.

5. Writing articles: If you are an expert in a field than you can write quality articles and get paid for you knowledge. There are companies that pay up to 300$ for a quality article.

6. Web Development: If you know a little bit of web programming you can offer services for custom designing websites based on requirements. There are free tools available these days which can ease a lot of tasks, but some customization still require skills and thus new users are ready to pay for a catchy website. It can be a good idea to develop some sample web designs to showcase on a blog or site for your customers.

7. Forum Moderation: With a lot of forums coming up and number of users, threads and posts going up, it becomes difficult for owners to moderate them. So they do look out for moderators to control the forum activities and making sure users are following forum guidelines.

8. Get Paid To: There are N number of GPT sites, that claim to paid users to read mails, complete surveys, click ads, refer others to them. My personal experience says most of them are scams.

9. Online Surveys: Although there has been a lot of bad reputation for survey sites being scams, there still are some genuine opportuinities for online surveys. Some online survyes do pay but you receive a lot of junk mails and there are chances of identity theft as well. Since the personal information provided by you about yourself might be used by someone else.

10. Online Stores: This is a best bet according to me. To earn from online stores one has to signup as a seller with any ecommerce online shopping site. As a rule of thumb buy low and sell for more. But in the competetive market where there are so many vendors already selling their stuff online, finding the right goods that sell might be tricky.

Internet is mainly traffic game. Most of the scams exist to gain traffic to their otherwise DULL or dead sites. Most of the schemes and opportunities that exist on internet are based out of utilizing traffic or finding ways to manipulate traffic.

Whenever you come across any online earning opportunity, try and evaluate how is it being created in the first place. What and how is the other person being benefited out of it. And you shall be able to figure out if its a scam or genuine opportunity.

Traffic or "Juice" in other words is the key in online world, and If you can come up with new or innovative way to use or monetize this Juice you can start the next GOOGLE.