This document discusses various ways to make money online. It defines making money online as earning wealth through online activities. Some top ways discussed include selling products you design through sites like CafePress and E-Shirt without owning inventory; working as an online tutor through sites like TutorVista; and developing smartphone apps which have low costs and high profit margins. The document also outlines advantages like flexible working hours and fast income growth potential, and disadvantages such as lack of control over income and needing to keep up with changing technology. It concludes by encouraging readers that online opportunities exist for people with various skills and creativity.
2. WHAT IS MONEY MAKING
ONLINE?
The act or process of making money.
The acquisition and accumulation of
wealth.
Earning money through online.
3. CONTENTS
DEFINITION
TOP
10 ONLINE MONEY MAKERS
SOME OF ITS
ADVANTAGES
DISADVANTAGES
APPLICATIONS
CONCLUSION
21/02/2013
INTRODUCTION
4. Selling Products You
Designed, But Don’t
Own!
In some cases, you may want to design your own products
(we’re talking simple things, like t-shirts, magnets, mugs,
etc.), but you don’t want to take on the cost of having
inventory that you can’t sell. The below option generally
great if you already have an established brand and want to
sell your branded gear.
• CAFEPRESS: Easily design products like t-shirts, mugs,
etc.
and sell them from a virtual storefront through
Cafe Press.
•E- SHIRT: Cheaper alternative to Cafe Press
that focuses primarily on t-shirts.
•SPREAD SHIRT: Similar to E-Shirt.
5. HOUSE WIVES
House wives may have a lot of interest
to
earn money on their own,but it may
not
be possible for them to go outside and
work . Through the online jobs
they can fetch some money
by managing the household
works ,on the other hand
fulfilling their wishes.
6. e-tuitions/Webinars
The demand for tutors
is high and growing.
All you need to become an
online tutor is expertise in
your subject and a few spare hours per week.
TutorVista, e-tutor,
SmartThinking and
Tutor.com are some of
the sites you can
enroll with.
Webinars-lectures
or seminars
transmitted over the Net. College and university
students are willing to pay to gain entry to a wellrespected Webinar.
7. ADVANTAGES
Online jobs are well paying which helps you to make
money fast.
It is perfect for those who don’t want to leave home.
To make money online you wont have to commute to an
office five days a week.you can sit at home and work with
all comfort.
This type of business will make your children and
teenagers to handle work in future.
It doesn’t require great investments and no debts are
allowed.
Once you find a good niche you can scale up the ladder
very fast. The growth in Internet business is faster than
any other business. You can make money online faster
than any business.
8. DISADVANTAGES
There are times when you might be made to work for
free with no remuneration coming your way.
Although you can make money fast online there is little
control you will have over your income. There are times
you might have to reject work due to overflow and sit idle
on other occasions.
Technology related to making money online upgrades
very fast and the rules of business too.
Online jobs do pay you well but in most cases you do
not get direct credit of the work you do.
Affiliate earnings might look very impressive in paper but
it is difficult to find a good niche where products or
services sell well and you earn good commission.
9. BUILDING APPLICATIONS
oWith smartphones gaining popularity, the demand
for their applications, or apps as they are popularly
known, has also shot up.
oThere are over 3 million apps for the iphone and
over a million apps in google's android market. most
of these are selling like hot cakes.
oDeveloping and selling your own smartphone app
is becoming a lucrative way to make money on the
internet.
oApps cost virtully nothing to develop and entail no
storage or shipping costs. so they enjoy the best
profit margins.
10. CONCLUSION:
As you can see, to make money online you don’t have to
be particularly skilled with computers. You don’t need to be
know how to build your own website and you don’t have to use
millions of dollars to succeed. If you have any kind of artistic
skills, creativity or business skills you can turn it into profit.
In short, you should understand that the
online world is just like real life. The same opportunities are
there for the taking, but instead of drawing your customers from
just your home town you can reach out with your great ideas to
the far reaches of the earth.
So why not start today?