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Make Money Online Guide

Tuesday 10th, August 2010
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In these days of financial insecurity, making money where ever you can is vital. The Internet has opened up previously unknown avenues to anybody with a PC; however, many people still do not know how to make money online. In this article, we will evaluate some of the best ways of making money online, without outlying your life savings in the process. 

This list is in no particular order, and to decide which ‘method’ of making money is best for you, you should take into account your interests, against the amount you want to make. Some of the ways have higher money making potential, but require more ‘skill’; however, there is nothing to stop you from learning a few details about each of the methods to assist you before jumping in at the deep end. 

Below each idea I have a small rating system which shows how hard it the ‘idea’ is to start, if you require any money, and just how much potential there is in the market. There may also be a website or a couple of websites under each name, these are websites that you should visit to look into carrying out one of these jobs.

Site Flipping


The best way to describe site flipping is to compare it to property development. You can buy a ‘messy’ website, do it up, and sell it back to either the original owners or to new prospective owners. This requires some experience but not a vast amount. You can use a content management system, such as Wordpress or Joomla to develop your website for free. All content management systems offer an easy to use web development service, and if you use a bit of your common sense you can design a professional website with no outlay. All you need is to write professional and relevant content, then use one of a variety of websites that offer backgrounds and other features for free to enhance the feel of your website.
  • How hard is it? Potentially tough, but if you know what you are doing it can be much easier
  • Any Money Required? No, if you broker a deal with a website then you do not need to pay them
  • Potential Return? Yes, there is lots of money to be made in site flipping if you can do it well
  • Best place to go: Flippa.com

Copywriting/Proofreading/Article Writing

There are many article writing jobs available on the Internet. When deciding to write you need to make a couple of choices. Firstly, do you want to write directly for websites, or do you want to write for individuals. You can easily make a tidy sum on the Internet; however, you will earn more money writing articles directly for websites, but the work is harder to come by, finding work from individuals is easy, but the money is not as good.
  • How hard is it? You need to be a good writer; if you have these attributes then the work is easy. 
  • Any Money Required? No
  • Potential Return? People do make a living from writing online, so there is potential to make good money.
  • Best place to go: freelancer.com, digitalpoint, this site

Text Chat

Websites are always looking for support staff to assist them with enquiries; work is extremely mundane, but they pay a decent amount, and the work is remarkably easy. All you need to know is a few basics about the website, and their promotions (which you can learn inside an hour). Then sit back at your computer and wait for enquires. This work is advantageous because you do not need to be constantly working, you can carry out various other tasks.
  • How hard is it? You need to be hired by a company, so expect to go through the regular hiring process, but the job itself is easy
  • Any Money Required? No
  • Potential Return? Once again you can make a salary from this work, and it is very easy

Website Monitoring 

These jobs are not advertised but can pay well. You will be expected to search forums, blogs and other websites for inappropriate slander on an individual or a brand. You then contact an agent of the individual, or a representative with the information, and they will pay you for the information you have provided. This requires a lot of work, but if you inform a company or individual of a ‘big news’ story then you can stand to make some decent money.
  • How hard is it? Very, you have to have an element of luck, but if you find the right information at the right time then you can make a good amount of money
  • Any Money Required? No
  • Potential Return? A lot, if you get lucky
  • Best place to go: Check out popular entertainment websites, and places like wikipedia

Surveys

There are hundreds of websites that will pay for your opinion, the money is not significant, but if you fill out a decent amount of online surveys you can make enough money to buy your Christmas presents. Surveys are like market research, but you do not need to leave your computer, you can expect to make roughly £1 for every 10 or so minutes you put into surveys. A word of warning, do not pay to sign up to survey websites, if you have to pay then the chances are that you will never see that money again.
  • How hard is it? Survey work is the easiest work you will come across
  • Any Money Required? No, if you are being asked for money then do not continue
  • Potential Return? A decent amount can be made, but this is not anything like a get rich quick scheme
  • Best place to go: globaltestmarkettolunatestspin

Spam Filter


Prominent email companies pay for human spam filters. Regardless of the qualities of some spam filters they do not catch all of the people that have set up emails for the purpose of spam messaging. Once again it is slightly mundane work, but it pays a decent amount.
  • How hard is it? Easy, it’s as simple as looking, and deciding if a message would be considered ‘spam’
  • Any Money Required? No
  • Potential Return? A decent amount of money can be made, it may not be as good as a salary but it is a decent amount.
  • Place to go: Contact the major email companies

Personal Shopper

One idea that is becoming increasingly popular is personal shopping websites. Once again this requires you to build a website with a basic CMS setup. The idea is people come to your website and ask you to find them items, and you charge them a percentage based on the price of the item. This may require you to go through thousands of listings and make bids on items, and be there to make ‘sniping’ bids, to ensure your buyer gets the best price.
  • How hard is it? It is potentially difficult to get a website and expand it, but the market is not flooded with people, so you will not have much competition.
  • Any Money Required? Yes, you need to buy the domain, which will not cost you much.
  • Potential Return? Once again you can earn a decent amount for small amounts of work
  • Place to goebayamazon

Freebies

The Internet offers up multiple opportunities for free products that do not hold any value to large companies. You have to keep an eye out, and the money is not significant, but there are a few deals out there where you can make a tidy sum, with a minimal amount of effort.
  • How hard is it? Finding worthwhile products is hard, but selling them on is not to hard
  • Any Money Required? No
  • Potential Return? If the money was that good then the bigger companies would not be giving the product away
  • Best place to goeastex

Domain Retailing

As every day passes this job gets harder and harder, however, if you find the right domain name you can stand to make a lot of money for minimal outlay. You need to find a decent domain name which you think others may want to buy, buy it, and then do your best to sell them. This requires you to list your domain name on websites, and could require you to ring local businesses who may want to buy the domain. This requires no skill whatsoever, just an eye for a bargain and potential. The best way of ensuring that you get a suitable domain name is to sign up to newsletters, which tell you about expiring domain names. However, beware, do not buy a company name, you are potentially opening up cases for legal action, with the result being that you have to pay a hefty fine and give up the domain name. 

There are also websites such as SEDO and DNForums where you can broker domain names, if you get some experience behind you, and then you can potentially make living brokering domain names, just like you would in the real estate market.
  • How hard is it? To start off it is not hard, but to do well with domain name retailing you need to have a certain level of experience.
  • Any Money Required? Yes, you may need to outlay a decent sum if you see the right domain.
  • Potential Return? People have become millionaires from domain name retailing in a matter of days, but it is not easy.
  • Best place to gosedodnforum

Forum Poster

New websites require people to post on their forums to get discussions started. The money is not particularly good, but the work is among the easiest you will find, once again you can contact websites directly (the money is better), or work for individuals. To increase your interest, try writing about topics that you enjoy.
  • How hard is it? One of the easiest jobs you will come across
  • Any Money Required? No
  • Potential Return? Not great, but it can be an entertaining way of making £1 for 5 minutes work
  • Best place to go: New websites :)

Affiliate Advertisement

If you can build a quality website, and get a decent amount of visitors to your website on a daily basis then making money is not difficult. One of the most hassle free ways of making money with your website is to advertise other people’s products. For those of you that do not know Affiliate advertisement allows other people to sell through your website via a banner or a link, if the purchase of that product is made through your specific link then you receive a share of the profits. Affiliate advertisement is one of the prefer methods of making money on the Internet, because past your initial setup you do not need to do too much in the way of work, as the products are coded, therefore, as long as information on the website does not need changing then no work needs doing at all.

  • How hard is it? You need to be able to build a website, and generate traffic which is hard, but past that it is very basic
  • Any Money Required? You need to buy the domain name, and build a website
  • Potential Return? There is good money to be made in Affiliate marketing. There are literally thousands of people that make a salary by marketing other people’s products; however, to do this you need a highly ranked website on a relevant topic 

Offering Advice on Expert Subjects

If you have a qualification in subjects that people require advice on, for example, law or mechanics, then people will pay for your knowledge on the subject. There are a few websites around already that you can contact already where people pay for professional answers. With this work, there are a few things to take into account; firstly, your answers are not legally binding, so you are not liable for any potential problems, and secondly, the money is decent, but nowhere near the amount that you could expect if you generated business offline. 

Another option is to build your own website, and offer information that people require. Your goal would be to build up a decent amount of hits a day, and you can then start advertising relevant products or other websites. 

  • How hard is it? Very, you need to be qualified on a ‘tough’ subject
  • Any Money Required? No, but you may need 5 or so years of university experience behind you!
  • Potential Return? Very good, but if you have one of these qualifications then you can make much more money offline
  • Best place to go: justanswer 

Think Outside the Box

Most self built millionaires stem from genius ideas that nobody else has ever brought to the marketplace. Niche markets are the hardest way of making money on the Internet because you have to think of the successful idea yourself, and the chances are it is already around. Obviously I cannot give you any of these ideas, because if I knew one I would be doing it myself! However, for those of you that can think of new ideas then you stand to make a lot of money.
  • How hard is it? It’s the hardest way to make money on the Internet
  • Any Money Required? Maybe, it depends on your idea
  • Potential Return? Millions, if you find a niche market you can make a killing
  • Best place to gomilliondollarhomepage

As you can see from the above list the ways of making money online are rife, all you need is a computer, a bit of time and effort, and before long you can be making good money for doing what you enjoy.

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