How can I make money from the internet? 9 Ways
Working online has lots of benefits, the main benefits are that you can do it at any time and anywhere. This is why it appeals to so many people. Whether they want to earn a bit of cash on the side, or start their own business. I work solely online now, because it gives me the flexibility to do what I want. So, in this post I am going to answer the question of “How do I make money from the internet?”.
How do you want to make money from the internet?
There are a few scenarios that people are in when it comes to wanting to make money from the internet:
- Make some money on the side, nothing too serious
- Make money on the side and potentially make it in to a business if it seems worth it
- Want to make money from the internet full time to enjoy a particular lifestyle
- Some good luck
A blog site isn’t really a business. It acts as a vehicle for other ways of making money. If you can generate enough traffic, you can sell advertising space, sell your services (personal training, speaking, training courses, consulting etc.). You can also get commission for products through affiliate links (I’ll come to that shortly).
It takes a long time to make money from blogs, but if you get it right it is worth the wait.
There are probably other scenarios, but these are the main three. If you scenario is different, I’d love to know about it. Let me know in the comments section at the bottom of this post.
Pros and Cons of Making Money From The Internet
- Can be very lucrative
- Can choose your own hours
- Can work from anywhere with an internet connection
- You can be your own boss
- Flexibility in most cases
- Cheap way of setting up your own business
- Can take a long time to make money
- Lots of scams on the internet
When it comes to making money from the internet, you need a certain work ethic. You have to be very dedicated and patient in most cases before you make any money. One of the main things about making money from the internet, is to get educated. This will speed up the process of becoming successful, prevent mistakes and help you avoid scams.
Ways to Make Money From The Internet
To make a little bit of money from the internet along side your current job or studies, you have a few options. Don’t expect them to pay well, but every little helps right?
1. Data Entry
EARNINGS: Maximum £12/$15
A pretty boring task, but data entry is an easy way to make money from the internet. If you decide to take on some data entry work, you can expect to be doing a lot of typing, processing data and filling out spreadsheets. There are higher level data entry jobs, that may involve medical coding or something a bit more specialist. These require some experience and knowledge in particular fields.
Before you take on any data entry work, you need to know a few things. Data entry is one of the most popular ways people get caught up in “work from home” scams. Some illegitimate organisations will try to get you to pay for kits or software to allow you to do your data entry job. If someone wants you to pay them, to start working for them, alarm bells should be ringing. Here is a good resource to spot data entry scams. Also, if these organisations promise lots of money for data entry, you really need to steer clear of them. There is no big pay days with data entry.
There are legitimate organisations that allow you to make money from data entry, but you just need to do some homework before you sign up to anything.
EARNINGS: £1 to £15 per survey
You can make money from the internet by simply answering a few questions. These can take up to 30 minutes to fill in and is probably the easiest way to make money from the internet. You won’t be able to make a full time living this way, but it will give you some pocket money. You may even get free products as a perk.
It seems odd to be paid for filling in surveys, but it is a valuable way companies get feedback from consumers. The information that companies get means that they can modify products and services to make them better for their customers.
If you want to make money from filling in surveys, it is easy to get into. Search for online survey companies and sign up. You will receive an email with available surveys to take. Once you have filled them in, you get rewarded for it.
Don’t fall for any scams! Never go with organisations that demand money up front. Legitimate survey companies want to pay you for information.
3. Managing Social Media
Some companies find it very difficult to manage their own social media. This is either because they have no time or no knowledge on how to do it. Creating content for these companies is a nice way to earn a bit of cash. For example, I do a bit of social media for a holiday company and a bike shop. I agreed a fee for a certain amount of posts per week according to their needs. Its easy, and it falls in to my interests. I live in the mountains, so I just take loads of extra photos and videos that are related to skiing, snowboarding, mountain biking and everything else associate with visiting the area.
EARNINGS: Lots, but it depends on you
Copywriting is writing adverts or marketing material. It is basically writing content in order to sell a product or service or to persuade the reader to take action. It can even be used to change someones perception about a company, brand or person.
Organisations appreciate the need for well written promotional and marketing content. Therefore there is quite a lot of demand for copywriters. A copywriter will create adverts for magazines, email ads, banner ads amongst other things.
It is difficult to say how much money a copywriter can make. This is because it depends on the individual. If you learn as much as you can and work hard to search for different types of clients, you can make a good living out if it. However, if you just learn how to be a copywriter, but don’t put yourself out there and make yourself stand out from the competition, you won’t be as successful.
When it comes to earning money, a newly trained copywriter can earn £20/$25 to £27/$35 per hour. So that works out at about £41,500/$52,000 to £49,000/$62,000 per year. This is not a bad start, I think you will agree. But, it is possible to earn six figures as a copywriter. This depends on their experience, level within a company and location. This could be a mixture of freelance and full-time work or just from a full time job.
5. Blog Writing
If you have some writing skills and are passionate about a certain subject, you can make money from blogging. However, there are lots of bloggers that can’t make ends meet from blogging alone.
There are two approaches to blogging:
- Paid blogger employed or freelance writing for established companies
- Start from scratch, by building your own blog site
If you manage too get some freelance work, you will earn some nice money straight away. However, if you are planning to build your own blog site, things are a lot different.
Setting up your own blog site takes a lot of work and time. The process is similar to starting your own business from scratch (just a lot cheaper than opening a shop). There is no real way to determine how much a blogger will earn. This is because, some bloggers will make loads of money, then sell their website for thousands or even millions. You also get a lot of bloggers that don’t make a penny.
When blogging was new with very little competition, it was a lot easier to earn money from, than it is now. Most blog sites that have earned millions were started around 2005.
The factors that determine how much you can earn from your blog site are:
- How often you publish posts
- The quality of your content
- How competitive your topic is
- How good you are at generating traffic to your site
It takes a long time to earn money from blogs. But, as long as you know this, stay dedicated and do it correctly, it can be very lucrative.
6. Affiliate Marketing
EARNINGS: The Sky is the limit
With affiliate marketing, you create content that attracts traffic to your site using appropriate keywords. When someone searches for something in a search engine, that search engine brings up the most relevant websites for that search.
So writing the most relevant content for a particular search means you should get to the top of the search page. If you wrote about a particular product or service, you can earn money by sending traffic from your site to the manufacturer or service provider. This is done through an affiliate link. The affiliate link tracks any sales that come from your website and automatically gives you a commission for each sale.
The idea is to create a website within a niche you are interested in. On this site you provide lots of information that people involved in that niche are interested in (this brings them in from search engines). You also write about products or services in the form of reviews or product promotions.
There are a few things to know before you start an affiliate marketing business.
It Takes Time
The first thing, is that it won’t get you rich overnight. It takes months of hard work and patience before you make a penny. Therefore, you are likely to need to start this alongside another job to start with. This is what I did. I worked on my first website after work every night, then managed to go part time, then left full time employment all together.
Very experienced affiliate marketers can make a new website very profitable in six months. But, for everyone else it is a much longer process.
Success in affiliate marketing can be sped up with the right education. If you research affiliate marketing courses, you will find a lot of internet gurus that claim to have the secret of earning lots of money quickly. IGNORE THEM! If it sounds too good to be true, it is.
One way of learning about affiliate marketing is through Wealthy Affiliate. This is a platform that gives you all the tools for affiliate marketing and a comprehensive training course on how to use them all. Wealthy Affiliate is what I used (and still do) to learn about affiliate marketing.
What attracted me to Wealthy Affiliate, was that there was no hard sell. They actually have a free membership that allows you to start your affiliate marketing journey. This was ideal for me, as at the time I wasn’t sure if affiliate marketing was the right choice. But, I had nothing to lose by trying the free membership. This gives you two free websites to play with, a course on how to start your business, access to the community and technical support.
Even if you are toying with the idea of making money from the internet I recommend that you check out Wealthy Affiliate, even if it is to eliminate an option. This is because it is the best way of getting an insight in to affiliate marketing without having to spend any money. Click on the button below to see my review and more details on what Wealthy Affiliate offer.
Why I Chose Affiliate Marketing
The reason I chose affiliate marketing, was the fact that I could earn money from creating content I was interested in. For example I started with a mountain biking website. I can go out for a ride and come back with loads of content ideas. I especially like the fact that when I wake up in the morning or come back from a day out and I have made money without being in front of my computer.
Like I said, it does take many months of hard work, late nights and patience. But, it is one of those things that you need to keep plugging away at to make it successful. It is definitely worth the effort, but is quite stressful in the early days, as you don’t get immediate results.
If you have any thoughts or questions on this subject, please leave them in the comments section below.
7. Specialist Work
EARNINGS: Depends on the work
If you have a specialist skill, you may be able to do it remotely. Consulting, translating, stock trading, teaching, graphic design, programming and E-commerce are just a few examples. For these, you will need certain qualifications and experience. But is you really want to do it there is nothing stopping you.
EARNINGS: Depends on lots of factors
eBay is a good way of earning money from the internet on the side. Some people have created whole businesses from doing this, but most use it as a source of extra income. You can use eBay to sell off stuff you no longer want or need, or actually set up an online shop or use it to sell dropshippng goods.
When it comes to making money on eBay, the amount you get for the the hours you put in isn’t great when you are simply selling stuff you have at home. But, you can do this to get a feel about how it all works, before you decide if you want to start a business. Check out www.thebalancesmb.com for some top tips on making money from eBay.
EARNINGS: Depends on lots of factors
Dropshipping is one of the things I was tempted to go in to as an alternative to affiliate marketing.
Dropshipping is a where a store doesn’t physically hold the stock. When it sells a product, it buys it from a third party who sends directly to the customer. As a result, the merchant never sees or handles the product.
It is a viable alternative to affiliate marketing, but it wasn’t for me. That is not to say it isn’t for you. It has many advantages, such as:
- Virtually free to set up
- Easy to set up
- Low risk
- Can do it from anywhere
The disadvantages of drop shipping are:
- You won’t get the lowest price for the product you are selling. This is because the suppliers give “real” shops preferential prices
- You need to charge higher shipping costs.This is because it is common for drop shippers to need to use multiple suppliers. These will likely to have different shipping costs. You will have to charge extra to cover these costs
- You have to deal with customer service yourself. Which can be a pain, as it will be “your fault” if the products are not delivered. Even though you are just the middle man
- Bad suppliers can ruin your business. If they don’t deliver, you are the one that gets a bad reputation
- Amazon has made drop shipping less relevant. This is because it is so huge, most people can make a business out of being a third party seller or affiliate marketer
If you want to learn more about drop shipping, check out www.mywifequitherjob.com.
That's How To Make Money From The Internet
This isn’t an exhaustive list, but it will give you a good idea. Hopefully, it will help you start your journey to the lifestyle you want and deserve. I love working online as it gives me the flexibility to live the life I want. I can go snowboarding in the morning when the conditions are good and work later on. As long as I get my list of jobs done, everything is good. It takes a long time, but I can assure you it is worth it in the end.
If you have any questions or thoughts on this subject, please leave them in the comments section below. I will get back to you as soon as I can.