There are some excellent ways to make money online without selling your own product or paying a huge start-up cost. Here are 5 Online Money Makers and my honest feedback on which ones are worth trying.
#1 Affiliate Marketing
Affiliate Marketing is where you provide links to various products or services on your website. When someone clicks the link and buys the product, you get a commission. Virtually all online retailers offer affiliate programs so the possibilities to make this an online money maker are endless.
This is a among the most popular ways to make money online. The key to making money with affiliate marketing is engaging your audience and generating traffic. By far the best program for beginners to seasoned marketers is Wealthy Affiliate.
Joining Wealthy Affiliate has been a key to my success and I highly recommend joining for anyone who wants to make money online.
Many have turned their hobbies and writing skills into a way to make online home income. The two most primary ways to turn a blog into online income is through affiliate marketing or direct advertising.
If the thought of creating a website and a blog is intimidating for you then Wealthy Affiliate is a also a great place to start. They have set lessons that will help you get your first site up Allowance in just a few hours. If you are more tech savvy then it will take you less time than that. Making blogging an online money maker takes time and patience but it is a popular method that many have found successful.
#3 Drop Shipping
If you frequent websites like eBay or Amazon then there is a good chance that you have bought products from a Drop Shipper. The Drop Shipper markets products online through places like eBay or their own website for more than they can buy from a wholesaler. When the product is bought, the Drop Shipper purchases the item from a wholesaler and has it shipped directly to the customer. In this way the Drop Shipper acts as a “middle man” between the consumer and the wholesaler but never has any inventory. Drop Shipping is a legitimate online money maker, however there is a lot of competition so make sure you study your niche and do your research before getting into this.
Swagbucks is an online rewards program that allows users to earn rewards and virtual currency. The users earn rewards by conducting their everyday web activity, playing games, conducting surveys, special offers, watch videos, shopping, or giving referrals. Swagbucks is not a scam but it is more of a hobby than a serious online money maker.
If you equate what you earn from Swagbucks into an hourly rate then you will be making less than minimum wage. It is free to join so there is no risk in trying it out, however if you are serious about making money then your time is better spent on items #1 and #2 at the beginning of this article. I go into more detail in my post Is Swagbucks Legit?
#5 Online Surveys
Online Surveys are my least favorite way to make money online but I included it because it is mentioned in so many other posts throughout the internet. There are many companies that claim to pay you for conducting surveys. I’m not a big fan of online surveys and I devoted a post (Make Money for Online Surveys) to explaining why.
I tried a few sites but when you compare the time you spend with how much you make, you are making much less than minimum wage. Sometimes it seemed like the surveys were just another way to advertise than get any information from you. Most online survey sites let you sign-up for free so the only risk is the time you could have spent doing something else. You may earn a little money from this but online surveys are not a way to make any real money online.
I hope you found this article useful in determining the online money maker that is right for you. If you are looking for a no risk way to get started in making money online then I recommend trying the free Wealthy Affiliate membership.
Good luck in your money making endeavors and please include any of your favorite Online Money Makers in the comments below.