Looking to make some extra money? There are all kinds of ways of earning money online. Here's some hints and tips about how to go about online earning and getting some extra spending money.
There are two major ways of earning money online:
- Online earning through paid jobs
- Online earning through passive income
If you need money in a hurry, then it's best to concentrate on getting a few online paid jobs. These will give you money pretty much straight away, although you often have to wait until your account reaches a certain level of income before you can withdraw the cash.
If you don't need extra money straight away then the alternative is passive income. This is also known as getting rich slowly. The problem with passive income is that few people have the patience required to stick with it. It can be hard to keep going on a plan when it's new. For example, I started my business website in 2002. It didn't have it's best year until 2008. Most people would have given up way before then. In fact it's estimated that 95% of people who try to make money online give up. If you want to make a good income online you need to be one of the 5% who keep going at it, even when the going gets tough.
Online Paid Jobs
If you need cash straight away then consider doing some part time jobs online. If you don't have any particular skills or expertise then the easiest way to get started is by getting money from filling out surveys and questionaires. You're usually paid per survey. The surveys are conducted through a surveys website. You usually earn between $1 and $10 per survey. Once you've filled out a few surveys then you can be sent a check or get paid via PayPal or into your checking account.
There are loads of sites where you can sign up to in order to carry out surveys online. Make sure you choose a legitimate site that isn't a scam, and that you'll get paid for the effort you put in. For additional safety, it's best to choose a website that is run by a legitimate company. It's better to find a survey site that is based in your own country, then you have more comeback with the authorities should something go wrong.
If you live in the USA then take a look at Project Payday. This is one of the most well regarded online earning schemes.
Remember that if you're earning extra money online then you need to declare the extra income with your tax authorities (e.g. IRS or HMRC).
Online Passive Income
Passive income is a way of generating money by not doing any work. Actually, that's not quite true as you have to do some work to get started. But once you've done the initial work then you should see money dripping into online accounts after a few days, weeks or even years.
There are various ways of online earning through passive income, including:
- Writing an eBook.
- Creating a shareware software application or App for an iPhone or Google Android phone.
- Setting up a website.
- Writing articles for sites such as InfoBarrel or HubPages.
The good thing about passive income is that the amount of money you earn is not always related to the amount of effort you put in. It's a lot easier to get seriously rich from passive income strategies compared to filling out surveys. Take the example of writing an eBook. It might take you 2-3 weeks to write an eBook. But if your eBook is popular, then you might sell 2-3 copies a week for the next 4-5 years. So while you might only make $20-30 a week from your eBook, over a period of several years that can add up to a good amount of extra income. Some things you can sell via a website can sell for year after year. My own software business started in 2002, and the software products are still selling years later.
One popular way of online earning is to write articles for a revenue sharing website such as HubPages or InfoBarrel. The great thing about this is that you don't have to spend any money up front - you can start earning even if you have no money to invest in an online business venture. Here's more information about earning a passive income from HubPages.
Once you have a bit of experience with article marketing on a site such as InfoBarrel or HubPages then you can take things to the next level. Starting your own website is a good long term way to make extra money online. Websites take time to establish themselves, but with a successful website then your online earnings are potentially unlimited. You can start a website about pretty much any topic. It's a good idea to choose one that you're interested. Then when you write pages for your website it won't feel like work.
So this article has show a few ways of how to get some online earning filling your bank account with extra cash. Surveys are a good way to get started. Once you've made a bit of cash online using paid surveys, then you might feel confident enough to try other methods of online earning. Article marketing, affiliate marketing, writing eBooks or software are all good ways of making a passive income from the web.