September 26, 2008 | By Kenneth Koh |
In this article, I’m going to share with you 3 proven ways to make money on the internet and 1 proven way to lose money online.
Sounds interesting? It will be more interesting as you read.
I am going to approach this topic from a totally different angle, as I always do. If you find this article confusing, just keep reading. You will get a clearer picture when I put everything together.
Ok, let’s start with the first proven way……
Proven Way #1 - The easiest way to make money on the internet
Do you want to know what is the easiest way to make money online?
It’s to exchange your time for money.
In other words, you make money by trading your time.
For example, you can sign up as a freelancer at elance.com and provide freelancing job to people who need your service. You can also sign up with surveying firms to get paid doing market surveys, or become a mystery shopper to help companies to do market research. If you are good in graphic design, you can also start your own online design company to provide graphic design services.
Trading your time for money is the most basic way to make money. It is also the easiest way to start making money. That’s why most people start with a ‘job’ when they are newly out from school. I hope you can see that a job is just another way to trade time for money.
There is nothing wrong to trade your time for money. In fact, if you are pressed for cash, providing online services, such as freelance services, is probably the best option to start.
Proven Way #2 - The toughest way to make money on the internet
The second proven way to make money online is to exchange your skills for money.
For example, Adsense and affiliate marketing are proven ways to make money on the internet, but you need the skills of search engine optimization, website building, PPC advertising etc before you can make money from these methods.
It is the toughest way to make money because if you do not have the necessary skills, you will have to learn. Learning new skills is ‘tough’ to most people. If you enjoy learning new skills, I’m happy for you. You will be successful soon.
Proven Way #3 - The smartest way to make money on the internet
The third way and also the smartest way is to exchange your idea for money.
The world may be changing everyday, but certain fundamentals will never change. The economy is always looking for means of doing or producing things better, faster, easier and cheaper.
If you can come out with an online idea that can do or produce something better, faster, easier and/or cheaper, you will have your fortune at your fingertips.
Now that you’ve learnt the 3 proven ways to make money on the internet, how about the one and only proven way to LOSE money online?
The Proven Way To Lose Money Online
The proven way to lose money online is to use money to make money.
If you believe that you can make $X and all you have to do is invest $Y, then you are destined to be the victim of the next online scam.
Without time, skill and/or idea, money is useless. Read again!
Don’t get me wrong. Having money will definitely help you to make more money online faster, but it is only true if you use it to buy time, skill and/or idea.
When you outsource your work to freelancers or professional services, you are buying other people’s time and skills.
When you buy into other business opportunities, you are buying the idea.
Do you see what I mean?
In a nutshell, you can either use time, skill and/or idea to make money online. These are the 3 proven ways to make money on the internet. I personally guarantee that. People who fail to make money online are those who refuse to invest time, refuse to learn the skills and refuse to think.