A Look at The Different Ways to Make Money Online

The Internet by nature is a very open platform and there are endless ways to make money with your imagination being the only limiting factor but lets look at the most common methods used that have been proven to be successful.

Internet incomes generally require far less investment when compared to traditional brick and mortar business and as a result the barrier to entry is virtually non existent. This has resulted in a huge amount of competition and vast pools of knowledge and information to deal with however the market is HUGE so there is always room for a little more competition. Lets look at some of the common ways to make money online;

Website Flipping

The idea is simple, build a website and sell it. Most web site flipping is done around micro sites focusing on a niche. The site is built and populated with content before being sold. Often sites will be sold almost instantly although many website flippers prefer to get the initial traffic and income going so that the site can fetch a better price. Head over to Flippa to get some examples.

Google AdSense Websites

Monetized content sites are one of the most common ways to make money online and probably the easiest starting points for newcomers. AdSense is an easy to integrate contextual advertising network which handles most of the complex technical details for the publisher. All you need to do is build a website with useful content and place the adverts on the site, each click through earns you money. The amount of money you can earn is very much proportional to the sites traffic but once you have good traffic numbers it can be a real money maker.

Affiliate Marketing and CPA

Not entirely the same thing but for simplicity sake I will bundle them together, here you are choosing to market a specific product or service in return for a commission on either the sales or actions taken. The process is very similar to real world marketing and you will get the best return if you build lists and leverage direct marketing tactics although you will still end up building a website and generating sales there in most cases.

Product Creation

Selling other peoples products and making a commission is great but the real money goes to the people making the products, creating your own e-book or a website that offers a unique billable service is a sure way to rake in the money. It requires a bit more knowledge and will benefit from minimal investment but eventually most experienced Internet Marketers go down this road.

Service offerings

Many services do not require a physical presence and offering these services on the web is a great way to make money, in fact many full time workers will often supplement their primary income by offering services online after hours. There are great markets for content creation, article writing, video creation or editing, graphics editing, link building, forum posting, blog commenting and more. You will be surprised by how much money you could make simply by designing logos or letterheads for businesses.

You might have noticed that these are all methods I discussed over the last weeks but I decided a summary page would be helpful for the ADHD types like myself that prefer cliff notes.

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A Thought on Monetizing PLR Articles

Having read hundreds of debates around PLR articles and the duplicate content google hammer I decided to test the issue for myself and proceeded to set up a website to test the theory, the results will probably surprise you.

The question I wanted to answer was quite simple, can PLR articles rank without being rewritten, I will admit that I already had an answer in mind before starting out and merely wanted to confirm it for myself. In my experience duplicate content can rank but this needed to be confirmed so I went ahead and settled on a niche, registered the domain, wrote 5 unique articles, added 20 PLR articles which I did not rewrite or alter in any way and took care of all my on site SEO. I followed my standard formula for new websites;

Day 1:

Submitted my sitemaps to Google, Bing, Yahoo and Yandex.Verified myself as the owner on WOTTook care of the directory submissions I deem worthwhileSubmitted to ~2000 website evaluation sitesPinged all and sundry

Day 2:

Created 50 profile backlinksCreated Squidoo LensCreated HubpageSubmitted ArticlesDid not ping (NB)

Day 3

Blog CommentingForum CommentingDid not ping (NB)

By the second day pages were already appearing in the index but it was only by the 4th day that the PLR pages started showing up in the index, I waited another 10 days before checking up on the site again and found that only 2 of the pages had not been indexed so I built some back links to those specific pages and they were indexed shortly afterwards.

So with all the pages indexed it was time to look at the ranking situation, I had picked a fairly competitive niche but I would be happy with a top 20 ranking. I spent another 4 days building links and doing some article promotion and decided to leave it at that for another month before looking at the site again at which point it ranked 19th for the primary keyword.

Now this may not entirely prove or disprove any arguments about duplicate content but it certainly does raise some interesting questions, and no I will not disclose the site since it will just attract jealous sabotaging punks and yes the site is already generating income in fact it made its first dollar on the 4th day it was live.

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Building Back Links by Looking at the Competition

Building back links can be time consuming and finding suitable places to get your links in can take up the better portion of your day but there are some ways to find good back link ideas quickly however I do feel obliged to a attach a no spam disclaimer to this post by simply saying that I do not advocate spam in any way but I believe that unless you have 12 months or longer to sit around waiting for some search engine love you will need to build your own back links and looking at the competition can save you a lot of time.

A tool to make things easier

Firstly grab any SEO tool that allows you see the back links to a specific site, I am sure you already have your favorite but if not you can use something like Chrome SEO which is one of the best tools available if you are looking for quick information. This tool allows you to see the back link counts and page rank of a page you are currently visiting at the click of a button.

Snooping on the competition

Well it might be unfair to call it snooping since the information is public knowledge but it is very powerful information that you can use to eventually beat out your competition. The idea is really simple, search for your targeted keyword and start looking at the pages that rank in the top 10 results. You can extend this to 20 or more if you have a competitive niche but lets focus on 10 for the time being.

Using your SEO tool you will be able to see where the back links to the site come from and by visiting the pages in question you will even be able to get ideas about the keyword targeting of your competitor by examining the anchor text used for the links. From here on you simply need to build links in the locations where it makes sense based on what your competitor has learnt for you.

The Value of the method

Your competitor has basically done all the research for you, they have found relevant content in some cases and most importantly they have found dofollow links. You have just saved yourself a considerable amount of time by learning from your enemy. Another key piece of knowledge you have gained from this particularly with blog posts is knowing which webmasters are letting subtle spam through the comment filters. Not all bloggers will approve comments that do not contain a proper name so knowing which webmasters and bloggers allow keyword anchors in the name field is incredibly valuable information.

Pro Tip

Keep a list of the decent link building opportunities you discover so that you are able to save even more time in the future by being able to refer to your list instead of looking at the competitors in as much detail. I normally have a standard list to work off and then look at the competitors for relevant linking opportunities.

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