If you know how to use it you’ll find that the internet is a wealth creating resource. It has made countless individuals millionaires who have found ways of selling products and services through the internet but in this article I’ll share some of the best ways to earn extra money from home.
In this article you’ll find ways to make money on the internet as well as work-at-home resources to help get you started. First, let’s start with the most common ways of making money online. Below are 6 of the best ways to earn extra money from home today on the internet:
- Affiliate Marketing
- MLM (Multilevel Marketing) and Direct Selling
- Buying and Reselling On Ebay
- “Out of the box” Strategies
- Affiliate Marketing
Affiliate programs are perfect for people who don’t want to create their own product, don’t want to talk to people over the phone or in person, don’t want to create a website and don’t want to spend a ton of money. In short, an affiliate is someone who advertises a company’s products or services on the internet by placing ads or banners as well as using lead capture systems to promote different company’s products and services.
When the company makes a sale from your affiliate link, the affiliate (that’s you), you get paid. Affiliate marketing is inexpensive to start because 99% of the companies don’t charge you to become an affiliate, and rightly so! I mean after all you’re bringing them visitors, which turns into more sales revenue!
You don’t have to have your own site to be an affiliate, but it is necessary if you’re looking to attract more visitors and make a full time income from home. The key is joining a good handful of affiliate programs so that you can create multiple streams of income, this is exactly how top affiliates earn thousands of dollars per week. Affiliate marketing is probably one of the best ways to earn extra money from home online if you are just starting out.
Inconvenience of Affiliate Marketing:
It can be difficult finding quality affiliate programs to join sometimes. Many companies claim to “have the best” program but if you don’t have traffic (potential customers), what’s the point? It’s better if you actually know how to bring traffic to websites! Many affiliates don’t make money because they don’t know how to market their programs properly.
Learn how to do affiliate marketing the right way. Access high quality, ready-to-sell products and earn up to $1,000 each sale even with no experience. Learn more here.
2. E-bay Selling
Buying and selling products is one the best ways to earn extra money from home online. It can be very lucrative if you find a product that is in high demand, for example: information e-books, electronics, furniture, office supplies, apparel, and so on….
The key is to out-smart the competition. At present, Ebay has had thousands of sellers monetize this opportunity. It’s important to find a product that you’re familiar with in order to be an effective seller; don’t sell computers if you don’t know what “processor speed” is, you’ll just set yourself up for failure.
If your having trouble finding a product try going to WWB, not only are they Ebay certified but they offer products as well as great information and tools on how to find niche products and sell them on Ebay. Also keep in mind that you can use the Ebay store to set up an inexpensive storefront if you don’t want to build your own.
Inconvenience of Ebay Selling Are:
Finding a profitable product can be time consuming (Prepare to work around 20–30 hrs per week). Also, Ebay selling is a very competitive market.
Learn more about selling on Ebay successfully and how to always pick the right products in the right niches.
Drop-shipping is very similar, however, there is an advantage to drop-shipping and that is you don’t have to worry about delivering the products yourself. With drop-shipping you’re really working as a third party in the sense that you find vendor’s who’ll drop-ship, and when you make a sale, they deliver the products directly to the customer for you, meaning there’s no inventory or fixed costs.
It can also save you the money and hassle of running to UPS, DHL, FedEx every month to send and receive shipments. The other perk is that you don’t have to buy the product before you sell it! All you do is take the order and give the details to the manufacturer for shipping, and you receive a payment, without having bought anything.
I know I make this sound fairly easy but it usually takes a good amount of research before finding hot products.
The first thing you will need to get is a drop-ship directory so that you can find vendors who drop-ship, it will cost you anywhere from $55 to $85, but the money you spend will more than pay you back in safety and save you a lot of time.
The only source I would recommend for directories is WorldWideBrand — again, because they are the only vendor directory that’s Ebay certified.
Unfortunately, there are many fakes out their who position themselves as drop-ship product providers claiming to be legit when they’re really middlemen. That’s why using a certified vendor directory is the best way to find authentic drop-shipping vendors.
Inconvenience of Drop-shipping:
It can be extremely time-consuming finding trustworthy product owners with profitable products that will work with this method. Back-orders and returns can become a headache if you’re with a bad vendor.
If you want to learn how to drop-ship the right way working only a few hours a day and learn how others are earning 6 figures a month with this exact method then click here for more information.
This trend is growing more in popularity each day and more people are choosing this to make a full time income from home. Right now the biggest e-trading market is Forex (Foreign Exchange Market) which has a higher turnover rate than the U.S. equity market! Foreign currency trading is a VERY lucrative market and involves simultaneously buying and selling currency online.
Transactions take place OTC (Over the Counter) or on the internet and over the phone, as there is no centralized location for trade such as with the stock or futures markets. Not only does Forex offer trading tutorials and conferences for you to learn to trade, but they also allow novice traders to get a taste of the market by allowing you to begin trading with as little as a $25 investment.
Forex trading time is short in nature as it does not require long periods of holding before trading as with stocks or bonds for example. In actual fact, 85% of all currency transactions last around a week or less. A great benefit of trading with Forex is that you don’t get charged commissions or exchange fees. They also offer ‘real time’ price quotes. Go over to Forex.com to get more information about the currency trading market and how to get started.
Inconvenience of E-trading:
Prepare to have an investment of at least $250 to see the big money coming in. The market can be very sporadic and due to its short term nature, you will need to stay informed (daily, even hourly) of trends and economic changes that will cause value fluctuation.
5. MLM and Direct Selling Business Opportunities
This must be the most misrepresented and underestimated opportunities to make a full time income from home on the web. Most of this is due to false and misleading claims about products and income potential made by dodgy distributors and sales associates.
Multi-Level Marketing or (MLM) companies are organizations that provide a product or service and market it by ‘word of mouth’ advertising or paying independent distributors to sell the products as oppose to paid advertising i.e., radio, TV, newspaper. These distributors sell the products and receive commissions; however the majority of the money is made by ‘referring’ or bringing in more distributors, who then bring in more distributors, and so on.
The key to these businesses is to find established and legit companies with good commission structures and not spend time and money on small, ‘fly by night’ companies.
Direct Selling is really in nature MLM (even though they try hard to distinguish themselves) except the products that are usually sold are ‘higher ticket’ or more expensive products. Direct selling allows you to make more money with fewer recruits because you have higher remuneration. Both of these opportunities are for people who desire and have the motivation to ‘run their own business’, because once you recruit people in under you, you have to teach them how to do the same, it’s called the process of ‘duplication’ which involves duplicating the work habits of successful individuals and teaching others to do the same.
Your earning potential is unlimited and residual, so even when you retire from the business (realistically anywhere from 2–4 years), you’ll still be receiving income!
An initial investment is necessary for both opportunities (MLM or Direct Selling) in order to purchase the products or start-up kit. I would say, if your not looking to invest anywhere between $50–250 for an MLM or at least $500–2k for Direct Selling, then maybe these businesses aren’t for you.
Inconvenience of MLM and Direct Selling:
With so many un-worthy companies on the internet it’s difficult to recognize what companies are paying real people real money, so please, do your research before pulling out your credit card.
There is a high drop out rate in MLM industry due to the lack of good training from the recruiter and motivation on the recruits part, so choose your recruiter carefully because some members will recruit you then leave you on the corner.
With Direct selling it’s a bit more challenging due to the nature of products and services being offered. It’s more difficult to sell due to the fact that a lot of people who are looking for a business are doing so because cash is tight, so most of them don’t have a $1000 to invest in order to start (believe me I know).
6. Out of The Box Strategies
The above not enough??? Okay, then here’s another way to make money using your computer; try thinking ‘out of the box’. Most successful online marketers, have created income by simply finding a need or a solution for a product or service.
For instance, while on vacation a few years ago I came across a someone who made millions just by creating a simple website that surveyed people who were interested in real estate. He told me that the page was basically a questionnaire that collected information about their requirements: such as price range, number of rooms, location, and so on.
After receiving the information from the site, he then sold their information as leads to mortgage companies and real estate agents in those local areas! This can be a very profitable business venture because real estate agents are always on the hunt for warm leads. You can even apply this to any other industry or business where leads are sought after.
Lastly, don’t let inconveniences I mentioned in this article discourage you!! All of these strategies are highly viable and are some of the best ways to earn extra money from home. You just have to believe that you can be successful.
Looking forward to your success!!