This is a more technical way to make money online then most of the other strategies given. But you can get an excellent course on how to make it happen with Steve Chou’s Create a Profitable Online Store program. Steve and his wife have built a highly successful online store – selling wedding napkins – and he’s anxious to provide insider secrets to people who sign up for his course..
If you have a fondness and talent for taking pictures you can make extra money online by becoming a stock photographer and selling your images to a stock photo company like ShutterStock or iStockPhoto. You’ll get royalties every time someone licenses an image you’ve submitted. To really be successful, build your own photography website to be able to showcase your portfolio and start getting higher-paid private corporate work.
Now, once you earn a reputation, you can start charging more and even earn a higher income. The goal here is to focus on a specific niche and become an expert in that niche. After that you can really thrive. When you first start and you have no experience, you’ll have to price yourself a bit lower. But once you become an expert in a specific niche, you can easily start charging more and increase your rates.
Coming in at #6 is Multi-Level Marketing, also called MLM. This is one of the better known ways to make money online because it is promoted to death. This is a great option for those who want to grow and develop a sales team. Basically, the way MLM works, is you promote one product, but then you also build a team of people under you. A lot of people don’t like MLM, myself included, because it sort of mimics a pyramid scheme. If you’re not at the top of that pyramid, you’re not going to make a lot of money. But if you do get to the top of the pyramid, you will earn an income based on sales that everyone below you is making. This can really give you a good passive income stream.

Need more ideas on how to make money online? Another strategy is using webinars to market your product, service, or course. I’ve done webinars to promote my financial planning practice and to drum up interest in my online course for financial advisors. With a webinar, you’re basically offering a lot of tips and advice for free — usually in a live format. At the end though, you pitch your paid product or service with the goal of securing a few deals.
You can promote your own business or skills on social media, on your own website, on forums, with YouTube videos, and even with super-targeted pay-per-action advertising. What I mean by pay-per-action advertising is, when you advertise on the internet, you can usually target it to a point where you only pay if somebody clicks into your website or even if they make a purchase. As an affiliate marketer, most of my clients only have to pay me if I drive a sale to them. You can leverage that.
With membership sites, there needs to be that hook, that thing that keeps them. I’ll give you some examples of people that do this well. Besides DSL, I’m part of a few other online communities, like the Dynamite Circle from a lifestyle entrepreneurship podcast called Tropical MBA. What members get when they pay the $70 monthly fee is access to the ‘Circle’. This is a valuable forum where we can all connect with other listeners.
Completing paid surveys is one of the most popular ways to earn extra cash online. There are entire websites devoted to nothing but surveys that you can register with and be paired with surveys that best fit your profile. You will get paid according to the terms listed at the beginning of the survey and will have the chance to add some extra money to your wallet. When taking surveys, it is important to be honest and take them seriously because you can be banned from the site the researchers determined you did not put any effort into your answers.
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