Making money on the internet isn’t fundamentally different from making money offline. The only major difference I would say is that you have a vast distribution channel of your wares or services on the internet. Businesses become easier to scale, customers become easier to reach in this environment, at least, in theory.
There are three different ways you can use to make money online.
Selling Products Or Services
In this case, you have created some, hopefully, unique and useful products that you can sell. It could be physical products like an iPod killer or virtual products eBooks. Amazon.com is a great success. Or you developed some expertise in your professional area and you can offer your service to other people that are in need of your service. When your service is delivered through the internet, it could become very powerful. Youtube.com is essentially a video sharing service.
Another example of service providers is the web hosting companies, web designers / developers, and search engine marketers etc. These are all good money-making professions.
Affliate Marketing
In this case, you are selling other people’s Products Or Services. This is most appropriate when you realize that you are the type of people who likes to create stuff but you have a great skills for marketing and sales. Affiliate marketing could be very lucrative if you do your research and find great niche products to sell.
Internet Advertising
Internet advertising are essential to the success of the first two groups, which is why it is the fastest growing segment of the multi-billion dollar advertising industry. Google is the clear leader in this space with its Adwords advertising program.
Internet publishing (blogs, photo-sharing, video-sharing etc.) benefited from the huge growth in advertisers’ internet spending. One of the most significant product is the Google Adsense program, which single-handedly changed the business of media publishing, allowed numerous small, independent publishers (anyone who writes on a website:-) to make a nice profit from internet publishing.
So which one of the above money making methods is for you? It really depends on who you are and what you want to be. I would say most of the people that are making money online have two or more revenue streams so that they are not dependent on any one source.
This blog will not limit itself to any particular money making technique either. In the months and years ahead, I will post greater details on all sorts of techniques. Hopefully you will enjoy the journey as much as I do.




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