Second, you need to conduct a personal inventory of your skills. The key to making money online is to align your objectives with your skills. You will probably find that you need to learn some specific skills before you will be able to make meaningful money on the internet. Choose your short term money making strategies to allow you to build knowledge and skills that will pay off in the longer term. In other words, the best approach for one person may not be the same approach that would be best for you.
Third, take a look at your current finances and at how you expect your economic situation to change over time. Education and investments require money, but you need to be realistic about what you expect to achieve from both investment and education before you launch into your new career--whether that career is to be full or part time.
Best Way to Make Money Online: Combining The Variables
Let's say, just as an example, that you want to make $100 p er month online in the short term, but you want to be able to build that amount so that you are eventually earning a full-time income.
Buy An Existing Online Business:
If you have money to invest, you can purchase a ready-made online business. However, you should never invest more than you are willing to lose. If that is your choice, make sure that the seller can demonstrate income that slightly exceeds your target amount. Buy only from a seller who is willing to answer questions and give advice for at least a month after the sale. Due to your lack of experience, you will probably not be able to do quite as well as the seller for the first month or two. During that time, learn as much as you can from the original owner, but go beyond that person's input because you want to eventually grow the business well beyond its current size. Use this time to learn as much as you can about internet marketing. A great resource for free learning is the Warrior Forum, which is a gathering place for internet marketers to ask for help and share information. Basic registration is free. The website has search functionality, so you can find answers to many of your questions.
Make Money Performing Tasks For Online Businesses:
Most people do not want to invest money into an existing business--or may not have the financial resources to do so. If that is your situation, then you will need to provide a service that is needed by other online businesses. To see what kinds of services are in demand, you can browse one or two websites that connect freelancers with people who want to hire others to perform specific tasks. One of the many such websites is Guru.com. Choose one of those tasks (or a few) for which you already have the skills or for which you can learn those skills very quickly. Select service work that will allow you to learn more about internet marketing while you are being paid. As a newcomer, you may need to work for a small amount of money. As you develop a portfolio of your work and get good references, you will be able to raise your prices gradually but significantly over time.
Continually learn other skills s o that you can expand the menu of services that you can provide. In that way, you are moving ever closer to having the skill set necessary for your own lucrative business at some point in the future. Also use part of your internet income to prepare for the future. If your original goal was $100 per month, as you begin to earn more than that amount, set aside most of the excess to buy training aids as well as to build a nest egg for beginning that dreamed of business.
A Sample Scenario of This Approach to Earning Money in Action:
Let's say that you discover on Guru.com or elsewhere that there is great demand for the simple task of commenting on blogs and forums, including a link to your employer's relevant website with each short comment. You read about what makes good comments and how to add a "keyword" optimized link in a forum thread on Warrior Forum (or elsewhere). As you do a good job with your commenting jobs, your online reputation will increase a s people rate you highly on the various freelancer websites.
In the meantime, you should have read about how to write keyword optimized articles for an internet website. You can now expand your menu of services and begin writing blog articles, which will pay better than commenting does. As you continue to write articles for a website and you insert links to other pages within that website you will be learning the importance of keyword research, as discussed here -->
By this time, you will have learned two of the most important elements that go into your own online business--writing for the web and the use of keyword optimization. You can use that knowledge to promote your own online writing business or even branch off into a new direction altogether.
Remember, the writing path used in this example is just one of dozens of paths for you to follow. Begin your quest with tasks with which you feel comfortable and use those to improve your skills and build the necessary knowledge to undertake a business that will provide for you an answer to the question, "What is the best way to make money online?" Everyone will have a somewhat different answer.
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