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Saturday, October 10, 2009

10 Ways to Make Money Online (part time or full time, and working at home)


1. Spend all day browsing Site For Sale forums (like the list we have here) for the myriad ways people earn money online. People looking to sell their sites actually tell you how they make money! Pick one that suits you. Research it a bit, and away and start your own business. Or use a search engine to find ways to make money online. It seems to be so easy that it's almost impossible to find someone who doesn't know how to do it. (But why stop at one search engine (SE)? Most people get to less than 1% of the top qualify info they're seeking because they use just one SE like Google, don't have the vaguest of ideas of the advanced search features available, and don't know the benefits to be had using specialised SEs, local SEs etc. )

2. Bundle the two above to tell other people how to make money online. They always want to know. It doesn't matter if you don't know yourself, you can still charge them for it. I obviously don't have a clue as I'm giving it all away. You can now ignore everything else I say. But don't go spending money on internet cons promising to make you a millionaire and here's how to spot them. 

3. Be more inventive with your search. Look for small business franchise newsletters. Or for home jobs in your particular niche or hobby. (And check point #2 above for those specialised SEs). You can also go through the appropriate DMOZ categories (examples: 1 2 3 4 5 6 7 8 9 10 11 12)

But using "search" is just the start of the game. There are simply so, so many ways. We hope you hang around to find out. 

4. Like the guy you can pay to stick a message in a bottle for you and throw it into the sea. He's made tens of thousands of dollars already. And there are several others like him in all parts of the world. Do you live near a sea or river? Or join the cleanup of those bottles and get your council to contribute.  


Domains

5. The dot com gold rush made many millionaires but there's still plenty of money in domain real estate and still some good catches available. A good dot com may be difficult to find now. But there are a lot of gTLDs and ccTLDs from the .info to .eu to .tv to .co.in and they all present opportunities being discussed in several good forums. Put your thinking hat on, buy a famous word domain for a few dollars and put it up on the domain selling sites.

6. Lost your thinking hat? Hang out at SEDO. DNForurms, Afternics and other places where domains are bought and sold. Provided you learn enough about the market to recognise bargains you could make a living from just buying existing domains and reselling them.

7. If you're smart you'll run dictionary checks against available domain names and auto-check them against search volumes (using OST, Wordtracker etc.) for that term and Pay Per Click (PPC) rates in the major ad networks (example) to work out which ones are likely to be more profitable (how to make money with PPC). If you can pick up the domain for a profitable term that's searched for often you can use a domain parking program. Or post a little bit of relevant content and get a link or two ... and the search engines will start sending you traffic. If the phrase people are typing in coincides exactly with your domain name it gives you a great head start with SEs.

8. If you're smart AND a linguist you'd be doing that in multiple languages. And not paying for any domain till you've tried it free for five days to see if it does indeed get any type-in traffic (and how well that traffic converts). After you've tried it for five days and dropped it there's nothing to stop you immediately picking it up again for another five day trial. Strange, but true. It's not kiting, it's legal.

9. Misspellings. Massive opportunities still exist in the misspelling/typo market. People trying to get elsewhere land on your site instead ... and you sell them stuff (or use the domain parking idea). Some even tempt fate by making PPC opportunties out of typosquatting on trademarks. Finding typos has never been easier. There are many tools that will find misspellings for you. How easy can it get?  

10. Domain parking and type-in traffic: People sometimesguess at URLs. If they want a plumber they may try plumber.com though they've never used that site themselves. Find terms that people may be typing in (I will provide a detailed guide to this when I get a chance), buy the domain and populate it with ads. There are several ad programs to monetise your parked domains. Or combine this with the previous idea to buy plummer.com or similar typo domains to make money online.

11. Drop catches. People sometimes forget to renew their domains and these expire. Picking them up will give you some remnant traffic from sites that link to this domain/people who've bookmarked it etc. In some cases the traffic can be pretty high. Provided you're fast enough to replace the copyrighted content that was there with something else you can make quite a profitable business from doing nothing else but this.

12. A variation on the above. Sell the domain back to the previous owners. Note that you may want to tread carefully and get familiar with the rules for that TLD before you start sending off ransom notes. For example, with ICANN (domains that end in .com, for example) the moment you send the previous owners an email saying you've got their domain and you'll give it back for $10K... you've lost. It can't look like a ransom demand. Be reasonable and read the small print of the UDRP. No UDRP required if you're sitting hostage on myspace.com/theircompanyname or the equivalent at blogger, twitter or other big destination. LOL, watch them kick themselves and sack their web advisors who told them about taking the "dot info" but omitted to mention the importance of protecting the brand by owning the associated myspace directory (and others)! And it costs you nothing!


13. Run a domain management service. Hundreds of thousands of webmasters (or more) have a large portfolio of domains. A lot of them would like the boring bit taken out of their domain management. You can run their DNSes or just a service reminding them when each domain comes up for renewal. Or an automated monitoring service to tell them when one of their domains/sites is inaccessible.

14. Start a directory to list domains for sale. That's what people like SEDO do. You can get money just for allowing domains to be listed in your directory. 

15. If you're running a service putting buyers and sellers of domains/sites in touch with one another you could get money for add on services (like providing escrow facilities). For ideas have a look at what existing domain intermediaries offer.

16. Run a domain research service. Wonder what happens when a manufacturer is looking to name a new model car? Or starting a new range of clothing? They need trademark and patent research but now they also need some domain research. Which of the literally thousands of combinations and misspellings (+ sucks.com) are taken and which do they need to buy? With a few of the free domain tools discussed on this page, here, and one or two more - like free DNS tools - and a little time you could provide them a service they'd pay a lot of money for.

17. Start your own country: Whoa! yes, you're reading it right. If you've heard of Sealand (what is Sealand) you'll know that starting your own country is not that far fetched. Once you have your own WhackyCountry you can apply for a .wc (yuk) TLD. Sell millions of domains. Keep some for yourself. Ever wanted a Google.___?  

 

18. Perform domain services for businesses and then send them a proforma (even if they've never heard of you). Explain that it's free this time but you'll gladly keep acting for them for a small fee. For example, there are thousands of big businesses whose half-wit webmasters/ developers didn't put in a redirect from the non-www to the www versions of their sites (or vice-versa). One entrepreneur made a few thousands just from pointing out to businesses how they were losing hundreds of customers every year who were landing on http://xxx-companyname.com and finding nothing there.

I'll talk about domain opportunities some more on this page when I get a chance.
 

Buying and selling internet businesses

19. Many sites runs on "auto-pilot". A common price these sell for in site-for-sale forums is 12-24 months' worth of net earnings (silly price, but it's true). Provided you don't mess the site up you can recover your capital in as little as 12 months and then ... sell the site to recover your capital again. Double your capital every year. 100% return. Sack your stockbrokers. It really is a crazy world! How to buy a business.

20. Site flipping doesn't require as much capital and expertise as many people believe. Like property flipping, you buy one that needs a bit of TLC. Do it up, then sell it on for a whacking great profit. And, the beauty is you never have to deal with tenants!

21. How about cornering a little market? There are DMOZ categories with grandfathered sites (sites that have been listed for many years) which aren't being updated. If you can pick up a few sites in the same category and merge their content suddenly you "own" that niche. That opens a lot of possibilities.

101 Ways to Make Money Online (part time or full time, and working at home)

Top Ten Ways To Generate Brilliant Ideas

An entrepreneur needs to be creative, constantly generating new ideas to move the business to the next level. An Australia-based motivational speaker and writer shares the ten best methods he uses to produce effective ideas.  

1. Define the Problem. To generate ideas to solve business problems we all need a starting point. You will not be able to fly from New York to Frankfurt, Germany until you first arrive at JFK. If you don't exactly know where you are you will need a map to pinpoint your current location and then gradually work your way to JFK airport.

It is imperative that you establish where you are before looking to progress. In other words study the map that will take you to New York thoroughly.

2. Brainstorming. You have quite probably heard of this brilliant method. Simply, when a group of people get together and simply write down as much as you can in relation to the objectives outlined. Don't worry about about strategic planning or anything like that. Concentrate solely on idea generation. Place a time limit on the group and choose the location and the time well so that they are conducive to performance.

Make sure that everybody is at their peak and has been instructed to "Think Big". I have been able to move mountains after a very healthy brainstorming
session.

3. Focus Entirely On What You Want. To give your ideas the best chance to sprout for your business solutions you are going to need to switch off to outside influences. Tolerate nothing!
Eradicate the distractions, the daily frustrations and predictable dramas of your life once and for all!

Don't just fix the problem, re-design your routine so the predictable irritations can't ever bother you again! 

4. Have a Genuine Interest in What You Are Trying to Solve. Do you remember your schooling days when you participated in sports (or particular class subjects) that you absolutely detested; as back then, they were compulsory? Do you remember how good you were at these activities? Probably not as it doesn't present itself as a good memory. But it's probably safe to say that you didn't perform well.

It's very very difficult to perform magnificently at something you're not overly fond of. If you have a vested interest in what it is you're trying to do, the likelihood of success is multiplied substantially. If you are trying to solve something that bores you to tears for heavens sake give it to someone who really likes it. This concept encompasses teamwork which is another
subject altogether. 

If you are self-employed you will have an automatic interest (taking into account that you have a vision of what you want your business to become). 

5. Look at Parallel Problems and Solutions. Relate your current problem to one that you had in the past and check for parallels between the two. The way(s) earlier problems were solved can assist you greatly in generating ideas to solve subsequent situations that present themselves.

Think laterally, think vertically, think logically. The best ideas will always come from groups working for the common goal. Give your group as much opportunity to be creative by listening twice as much as speaking. Do this as informally as possible and get past situations into the open.

You can then draw on the past successes and take them a step further with the challenge of today.

6. Look at Each Task as a Challenge. It's true that if you look at a problem simply as a "problem" then that is exactly how many will look at it. Sure it is a problem and therefore, needs a solution. However, this thought should not be in the forefront of the mind when looking to turn this "problem" into an "asset".

The word, "problem" tends to sum up negative thoughts within us. It is these negative thoughts that can almost act as a barrier to its resolution. Now if we turn the coin over and look at it from the other side (using our example in step 1) we can look at the trip from wherever we are to New York as an adventurous challenge. It is simply by this method that we have more positive thoughts within our mind and are more likely to enjoy ourselves along the way presented with an interesting challenge as opposed to a
potentially difficult problem.

Just look at the goal. How happy will you be when you arrive at Frankfurt?

7. Turn the Challenge/Problem into a Catchy Expression. Okay we have looked at using past example and creating parallels to "answer our challenge". One step further is to present the challenge as a
catchphrase.

Using our same example: 

'Aunty Jackies For Christmas'
'Frankfurt Or Bust' (Hmmm!! This one's a bit old)
'Europe For The Summer'
'Dream Trip Of A Lifetime' 
'The European Cultural Experience' 
'Tomorrow travel at 250kmh legally' 

Doing this will give everyone an idea of the benefits associated with the attainment of the problem at hand. It puts them in the situation that they are already there.

It's so much easier to get there with a popular vision on the mind. What expression would you suggest?

8. Daydream!!! Let Your Creative Subconscious Work For You. It's no strange coincidence that during the time you drive along staring out the window, sleep in your bed, undertake your daily duties at work or anything for that matter your sub-conscious continues to work for you (even though you may not always be fully aware of this).

How often have you been doing something totally unrelated and then suddenly an idea snaps into your mind? Often? Sometimes? Never? In any case after you have put considerable time into solving your problem you will find your inner mind will work for you. Sometimes if you try too hard to solve something you end up with nothing short of major frustration.

So, as the expression goes "chill out", have a break and sleep on it. You may be surprised at how successful switching off can be.

9. Alter Your Routine Regularly. Have you ever noticed how easily we accumulate habits. Many habits can actually stifle your creativity. If you are someone who: 

'travels the same route each day'
'work at the same desk and task day in day out'
'mix with the same people regularly' 
'take your annual holidays to the same destination each year' 

To continue generating healthy ideas to better our work, our surroundings, our family etc we must continually be looking for "newness". Familiarity is very good in that it makes us feel very very secure. It is this very security that closes our mind to change and restricts our creative abilities.

Take the bus or the train across town or maybe even just a different route from time to time, broaden your job responsibilities, take on another sport or leisure activity and meet some different people with a different outlook.

You will be quietly surprised at how much positive energy you will get from doing things as small as that outlined above.


10. Carry a Notepad. I always have a notepad with me. I am now at the point where I can't live without one of the most simple devices known to man, which has probably been around almost since the days of the "Cave Man".

A pen with a pocket size pad is brilliant as you can capture every idea that comes to you. It's absolutely useless to say "I'll write it down later" as the chances are very slim that you will in fact do that at all.

They will be your ideas. Capture them, preserve them, apply them.
by Darren Roberts