Ways to Make Money Online: What Is the Best?

Penny Stocking

This is basically investing in low-cost, high-volume stocks that pay huge dividends.

The theory here is that you can buy low and sell high. So, if you want to make some quick money, this is the way to do it. The key is to find a product that is in demand and is underpriced. Amazon (AMZN) is the biggest and most popular shopping site in the world, and many people are putting their faith in this retail giant. Shares of AMZN are up over 20% since the beginning of the year, so obviously this is a great opportunity to buy.

The problem is that Amazon is not a particularly secure investment, and many people fear that a pandora’s box of financial trouble could be lurking just around the corner. All you need to do to find out the truth is to look at the company’s earnings report—it will tell you everything you need to know about whether or not to buy shares in Amazon.

Saving Money

Many people are finding ways to make money online by cutting out the middleman and taking the profits for themselves. It’s a fairly simple concept: they find a product that they believe won’t be around for long, buy it for a cheap price, and then sell it at a higher price once the demand rises. This is referred to as arbitrage trading.

CNET is a popular site that facilitates this type of activity. When a product is added to their database, they check the prices of various online retailers, and if there is significant difference, they will publish an article with the best deal they could find. Essentially, they are finding a product that isn’t worth what the seller thinks it is, and then promoting the hell out of it to make a quick buck.

One issue that you need to be aware of when trying to do this is shipping. Often, the cheapest option to ship a product is via FedEx (FDX) because they have a minimum threshold of items to ship, so it costs them more money to deliver a couple of books than it does to ship and charge you for one.

Monetizing Blogging

If you have a blog that follows the general trend of the web content that dominates it, then you can take advantage of the fact that more and more people are reading the news on their mobile devices. That’s because more and more people are getting their news online, and the biggest news websites make a decent chunk of change off mobile ads.

You can integrate a third-party tool called Adaptive Analytics into your blog, which will track the traffic that comes from mobile devices and give you specific insights on how to approach marketing on the road to mobile monetization.

Creating Software

In the same vein as the previous point, another way to make money online is to create software—especially since the world is moving toward more and more web-based applications. The difference is that you will be responsible for creating the software and getting it into the hands of as many people as possible, which can be a significant challenge. Especially when you are trying to do this on a limited budget.

The best way to create software is to look for a product that is already built and can be immediately monetized. For example, if you found a WordPress plugin that automatically generates online forms from online store websites, then you can use this to your advantage by getting paid every time someone completes one of these forms (even if it’s just for testing purposes).

This is one area that’s definitely worth serious consideration, because creating software can be highly lucrative, but it requires a lot of effort and research to find the right product.

Get Paid To Take Surveys

A few years back, Swagbucks made shopping easy for everyone by creating a virtual currency that allows users to shop at over 500,000 stores and brands worldwide. One of the things that makes Swagbucks so special is the fact that they have compensated users for taking surveys all day long. Now, if you qualify for offers, you can make money online taking surveys from brands and companies that you qualify for (like Netflix or Hello Fresh).

You will usually get paid per survey, and you will need to accumulate a certain amount of points before you can redeem your reward. For example, you might get paid $1 to take a Netflix survey, and then you have to get to 2000 points before you can redeem your $1. You can do this by taking surveys about products that you’re probably already going to buy, like furniture or electronic items. It’s a great option for people who want to make extra cash, but have nothing else to do.

Test Websites And Apps

More and more people are getting the itch to try their hand at online entrepreneurship, so it makes sense that they’d want to find ways to make money online. The problem is that very few people have any real experience in building and operating a website, and even fewer have any idea how to get it up and running successfully. This is where you come in. You will be assigned a product to test out, and you will need to find and report on any bugs or glitches—as well as gather feedback from users about whether or not they found the product to be worth their time and money.

It’s a very tedious process, and it can be incredibly time-consuming, but if you want to make money online, this is one of the best ways to do it.

Offer Your Consulting Services

If you’re an expert in your field, you can use your knowledge to create a niche for yourself in the booming self-help industry. Since more and more people are getting the itch to be their own boss and get things done, they are turning to experts to help them find the answers they’re looking for. You can create a listing on a business networking site like LinkedIn (LNKD) with your name, contact information, and the categories and sub-categories of expertise you have. You can then connect with potential clients, get paid for your time, and improve your chances of closing a deal.

As you can see, there are many ways to make money online. Some people are very well-suited for this type of work, while others have found that just writing about the latest news story is sufficient for making a few extra bucks. No matter what your skillset is, you can find a way to make money online—just remember to look for the best deal possible, keep your expenses low, and do whatever makes you feel most effective.