In this post I’d just like to mention the 5 ways HowStuffWorks claims are the “top 5” ways to make money online and then I’ll comment on each one with my own personal experience. Later you can go on and read why HowStuffWorks things those are the top five ways to make money online.
The list is in no particular order.
1. Domain Name Flipping
Domain name flipping is basically the same as buying old undervalued houses, fix them up and make them look more attractive and then sell them for a (much) higher price. The same thing can be applied to websites and/or domains.
Buy an undervalued website, optimize it for SEO, users, customers, businesses etc. and sell it months, or years, later, for a large profit.
This is not a way I personally have tried to make money online with, but I’ve heard of several people who have done it, like Yaro Starak.
This one is easy. If you know how to do something that people would want to pay you to do, then you can probably become a freelancer within your niche. Like me, I know a few things about web development, so I have done some minor freelancing back in the days, such as creating small websites for small companies and updating them later on. It pays a decent buck and even today with WordPress and a ton of “get your own website in 5 minutes”-schemes, people are still willing to pay freelancers who knows something about websites, to do it for them.
But freelancing doesn’t stop with just web development, you can freelance in hundreds, if not thousands, of niches. Just think about what you’re really good at, maybe there’s somebody out there who’s not so good ad it and wouldn’t mind paying you to do it for them?
3. Designing and Selling T-shirts
I must admit, I didn’t see this one entering top 5 ways to make money online.
The growth of the Internet has made it possible for vendors to sell T-shirts all over the world. In fact, sites like CafePress.com and SpreadShirt.com allow you to set up your own store, create your own designs and sell them yourself. If you create your own shirt design with a clever catchphrase or come up with your own unique statement and people like it, you can start making money.
I don’t know about you, but I can’t remember the last time I bought a t-shirt online, and if I ever did, it certainly wasn’t because of a catch phrase or a particular logo. Why pay to wear the logo of a company? Shouldn’t the company pay you, to advertise for them? 🙂
Well, leave a comment below and tell me how often you buy t-shirts online, so we can find out if this really is one of the top 5 ways to make online dough 🙂
But there are other ways too, to make money blogging. You could take money for reviewing sites or products, the companies would then pay you to write a blog post about their product or service. There are even websites designed to bring together bloggers and advertisers, such as Social Spark etc.
Steve Pavlina writes in an excellent blog post on how to make money from your blog, that only 1 out of 100 will be able to generate a serious income from their blog:
Can most people do it? [make a decent income online]
No, they can’t. I hope it doesn’t shock you to see a personal development web site use the dreaded C-word. But I happen to agree with those who say that 99% of people who try to generate serious income from their blogs will fail. The tagline for this site is “Personal Development for Smart People.” And unfortunately (or fortunately, depending on your outlook), smart people are a minority on this planet. So while most people can’t make a living this way, I would say that most smart people can. How do you know whether or not you qualify as smart? Here’s a good rule of thumb: If you have to ask the question, you aren’t.
Regardless of you being one of the 99% or the 1%, you will most likely still need some kind of teaching – at least to make sure you don’t waste too much time doing something that will never generate income, build traffic or add any value to your blog in general. For blog teaching, I can personally recommend the Become A Blogger program from Yaro Starak and Gideon Shalwick. I’m a member there and I’m certain that techpatio.com wouldn’t be where it is now, that fast, if I hadn’t decided to join their program almost 3 months ago. And I’m not even half-way through the program yet!!
Those two guys also run the successful Blog Mastermind program which is more expensive but goes more in-depth with the subjects that matters. I’m not a member there myself, yet, but I plan on joining once I complete the Become A Blogger course. You can also download their free Blog Profits Blueprint e-book right now, to learn some free tips & tricks!
5. Selling Stuff on eBay
I’ve never sold stuff on eBay but I’ve purchased a lot of stuff through eBay, anything from iPhones to flashlights and $2 iPhone silicone cases. You already know, that you can find pretty much anything on eBay, so I won’t go into further details on that matter.
But – there’s also money to be made from eBay. I haven’t tried it myself, but I did something very similar on a Danish auction site a some years back. I found some cheap products that I believed I could re-sell for a profit, and I could. I was still in school so the small amount of money I made on the side were great to support my need for tech gadgets 🙂
You don’t have to buy products to re-sell though. If you have stuff of your own that you don’t need any more, you could put it up for sale on eBay. Even if you wanted to throw it out, consider the possibility that it might be worth some sort of money for some people. Think twice about throwing stuff away, unless of course it is garbage.
eBay is such a popular marketplace that you can even buy products that will help you get started with eBay. I’m affiliating the “eBay Auction Success Kit” through my Social Spark membership, here on TechPatio.
The eBay Auction Success Kit will show you:
- How you can start selling in under 10 minutes.
- How to get the highest bids and maximize profits.
- How over 25 successful Powersellers have generated easy profits from eBay.
- Savvy buying, selling, and business advice from eBay Experts.
- Numerous verified and proven tips to faster eBay profits.
Feel free to check it out, it might be worth something to you?
This one is not part of the HowStuffWorks Top 5 Ways series, but I just thought I wanted to mention that it’s also possible to make money online by participating in online-based competitions. For instance, the TechZoomin blog is having a monthly $100 contest for commentators, so you can win your share of $100 just by leaving comments on their site.
For more information on how HowStuffWorks describes the top 5 ways of making money on the Internet, click here.
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