The Best Way to Make Money Online?

In these difficult times it can sometimes be hard to earn that much needed income. That is why we more and more receive one of the following questions “How do I make money online?” or “What’s the best method to make money online?”

These are reasonable questions to ask if you’re just getting started with your online business or if you want to make a living from the internet. Especially the second one is a good question if you just get started – after all you don’t want to waste your time on a method that is not working. Like everyone else, you want to make money online, quick, easy and of course if it’s possible in large amounts of cash.

Ok, let’s once and for all burst the bubble and give you some important advice…there is no one best method to make money online!

There are so many different ways to build an online business and to make money from that business. The ways are almost endless and they can be found in many disciplines, for instance you could; sell from eBay, affiliate marketing, write content, PPC marketing, build a money blog, use Adsense, write eBooks, do all kinds of programming jobs (web or offline software), different kinds of product creation, the list goes on and on! There are so many ways to make a buck online.

And to make it even worse it’s the wrong question to ask anyone, because nobody can answer this question. Let’s explain why!

Nobody knows what kind of skills you have, how much time you need to learn a new skill or much effort you want to put in starting an online business. Only you know the answers!

Instead of asking the question “What’s the best method to make money online?” to somebody, you should ask yourself the question “What is the best way for ME to make money online?”

An example:
Everybody knows that blogging is a great way to make money online, but to make money with a blog you need to write a lot. For instance you need to write blog content, write guest posts, write promotional articles, etc. Let’s assume that you hate writing and don’t have the initial capital to outsource your writing. So if you’ve asked the question “What’s the best method to make money online?” and almost everybody answers you should start a blog, you can’t do nothing with these answers, because you hate writing, so blogging is not an option.

So what should you do if you’ve asked yourself the question “What is the best way for ME to make money online?” and you can’t think of a good answer. First off you should do some research, maybe you will find something you’ve never thought about or maybe you find something that will appeal to you. If you still haven’t find anything after you’ve done the research, then you should just start out by doing some SMALL sampling of one of the many different methods available for making money online. Try to sell something on eBay, try some affiliate marketing or create an information product. Just do some small test, if you don’t like it, now you know. Do it with all the different methods described on until you’ll find something you like or find something you’re good at.

A most important thing after you’ve find something you’re good at (and you enjoy doing) is to STICK WITH IT!

One of the common mistakes that are made by beginning online entrepreneurs is that they don’t stick with it. They keep changing there minds and hop from one method to another. They change there minds so many times that they NEVER make any progress on any method!

So let’s recap:

  • Find out at what skills you have.
  • Find out what you like to do and what you enjoy doing.
  • Find out what skills you need to learn.
  • Find a method that’s in need of the answers you’ve just given.
  • Stick with the method you’ve chosen.
  • Keep on learning new techniques and skills.
  • Remember there is no one good method.

If you have the persistence and enough time to build on an online business then you will make money online!

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2 Responses to “The Best Way to Make Money Online?”

  1. timothy mathenge kabui on March 6th, 2009 17:29

    Hi, am happy to receive your tips on how to make money online.I have a writyers’ club of about 200 members in kenya and would wish to engage them in freelance online writing assignments. Please advise me.

  2. Harris on October 19th, 2009 06:39

    Thanks Admin great post.