40 Ways to Make Money Online

I touched on this earlier but anything which you can claim to be ‘custom’ is worth a hell of a lot more than something with is ‘default’ or ‘standard’ or ‘free’.

So assuming you have money to spend, you can buy quality designers, programmers and even marketing and sales experts to do the work for you.

“It takes money to make money” as they say and that applies to the online money world also.  I’ve shown you 20 ways to make money online with $0 investment, being honest, the REAL money you’ll make will be from investments.

The bigger the risk, the bigger the rewards. In other words, the more you invest, the more you can make.

Large scale projects can run into thousands and thousands of $$$$ very quickly and when you add in marketing costs and server/bandwidth costs etc, it can all be very expensive work.

But if you have the cash, do it right from the start and build a site to your own satisfaction while you can. My biggest regret online, was not spending money when I had it.

If you have some spare cash, invest it, don’t leave it sitting about – it’s not going to make you any more cash that way!

There are loads of bedroom college dreamers and wannabe teen entrepreneurs who need cash to put their ideas in to action. It’s always a risk giving strangers money. You may never see it again. But just think, what if you had invested in facebook or youtube or google or any of these multi billion dollar sites?

Today’s losers are tomorrow’s winners and it’s crucial to realise that some 14 year old entrepreneur you’re talking to today, could end up being a billionaire in a few years time.

So always respect and guide those people who ask for help or even cash. Never dismiss anyone unless you know they are just after a fast buck. Having a relationship with future superstars could well pay off not today, but down the line when the tables may be turned and you need a dig out.

Don’t get me wrong, I wouldn’t throw my cash at a stranger who promises me the world, but if I got talking to them, did a little research and maybe joined up on a partnership paying for a host and domains, programming etc… (rather than giving them the money directly), it would be a pretty low risk investment that could well mature in to a profitable business and relationship.

One word of advice though, never invest what you can’t afford to lose. Investing is calculated gambling and an art in itself. A few hundred bucks is all I’d invest as quite simply, I don’t have the cash to throw around. But if you’ve a few hundred grand lying around, it’s a different story.

To catch all the latest and greatest e-startups, head to KillerStartUps or mashable.

Domain names are the new real estate. All of the 3 letter .com’s are taken and nearly all of the 4 letter .com’s are taken.

So that leaves 5 letter .com’s. Although world economies might be hitting the rocks, don’t worry about things online – things are still booming and even if/when we do have another dot com bubble burst, get ready to pounce on expiring domain names and sites that are selling for peanuts.

You only have to look at sedo.com‘s recent sales to see how much domain names are selling for nowadays… Here’s a few of the big guns over the pasty few years

• Sex.com sold for $14m
• Porn.com sold for $9.5m
• Business.com sold for $8m

A good tool I use to ‘snipe’ expiring domains is http://freshdrop.net/

Creating a facebook or bebo application for users to add to their profiles is the ultimate marketing tool for your site.

These sites have millions and millions of active users who range from all sorts of different backgrounds and age groups… it’s a mouthwatering prospect for any site to have a successful facebook or bebo application as it means traffic and lots of it.

Most people can’t create a facebook app themselves, but thankfully, sites like rentacoder, elance etc… have loads of programmers who will do the job for you, for a price.

You might have a simple site which gets images and creates a little slideshow for example… you could create a facebook app and watch your traffic spiral out of control as people start to use it and check it out. Add a simple link to your site somewhere on the app and you’re laughing.

Of course traffic on it’s own doesn’t = cash. But if you follow the advice on this site, you’ll have no problem turning traffic into cash. A few affiliate links or CPC ads on your site and bob’s your uncle.