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You are here: Home / Personal Finance / Make Money Online

Make Money Online

December 20, 2009 by Sze Hau Leave a Comment

Nowadays, people are looking ways to make money online to increase their household income or pocket money in order to get a better living or to get whatever they dreamed for. But, the question is, is it really possible to make money online?

Yes indeed. It is very possible. Many people out there are making thousands or even millions of dollars every month. And some of them can make a living online. They can also choose either to make money online by full time or part time.

Why It Is Possible to Make Money Online?

Every day, there are billions or even trillions of people surfing the Internet to look for something. People are looking for products, information, news, solutions, opinions and etc on the Internet. Internet is just like another virtual world on earth.

People are connected to each other by search engines, social sites and also websites. Therefore, you can think the Internet as a big market place. When you make your products or services online, your business is exposed to a big market which may meets a huge amount of potential customers.

Internet works 24 hours a day, 365 days a year and it never sleeps. When your business is up to the Internet, your business can operate 24 hours a days, 365 days a year and be reached by customers from different geographical locations.

It is also so convenience to get the information you want on the Internet nowadays. With the advanced search engines, you can easily find the most relevant information in just a few clicks in a web browser.

Getting connected to the Internet is also very easy too. Almost every home has at least one computer that is connected to Internet via high speed broadband or cable; free Wi-Fi services are also available everywhere; most computer or mobile devices come with user-friendly software that allow you surf the Internet with ease.

Why People Want to Make Money Online?

The main reason for one to make his or her business online available is so that the business can have better exposure with the big market place on the Internet. When the business is online, you can easily get more potential customer from all over the world.

For individual, the main reason to make money online is, of course to get more side income so that he or she has more money to spend and to buy the things he or she wants to. The money made from online can be a stream of passive income too. Once you have started to make money online, the income can be recurring and only little effort is required to maintain it.

For individual who has a full time job, he or she can also make money online and work on it part timely. He can have multiple streams of incomes without scarifying his or her full time jobs.

The cost of start making money online is small too. To start selling your products, you do not need a physical store ready to keep or display your products; what you need is a website that promotes your products. All you need to start is to rent a web hosting and pay for the domain name.

Online marketing and advertising is much cheaper if you compare them to the ordinary way of making a banner next to a highway; to advertise on different media like television and radio; or to hire people to promote your products. Other than that, online advertising also helps in reaching your products to more customers world-widely.

How People Make Money Online?

There are many ways people can make money online. I divide them into three broad categories:

  • Offer information on your expertise – You can offer on what you passionate about: write a blog or website about camera reviews; write blog or website about fishing tips; and you can also share useful information about something you enjoy doing. From that, you can earn money by showing advertisements.
  • Affiliate programs – You can also earn money online by referring buyers to e-commerce websites. From the sales you lead, you earn the commission. Depend on the policies of the e-merchant, most e-merchant allows you to join their affiliate programs for free.
  • Sell products or offer services – If you have products or provide service to your clients offline, you can make them available online. You can setup an online shop (a virtual shop on the Internet) to sell your products or offer your services. Sales are just a few clicks away from that.
  • Investment – With the high speed available on most of the place in this world, you can actually make your investment online too. You no longer need to call your brokers to place an order to a stock. Everything can be done online. Transferring money from credit cards or banks to your investment become so easy when it can be done online. Some of the investments can be done online are like stock markets, Forex, unit trusts, HYIP (High-yield investment program) and etc.

That’s it. Make money online is very possible as long as you work hard on it and know the way it works.

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Filed Under: Personal Finance Tagged With: Make Money Online, multiple streams of income, passive income, residual income

About Sze Hau

Geek. Love programming. Coffee addicted. Married with a child. Working towards financial freedom.

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