Top 5 Methods of Making Money Online

In my previous article I discussed methods that anyone can use to work at home and make profit. In this article I will discuss the top 5 ways to make money online. This will overlap slightly with the article on working at home, but it will discuss some other ways that you can profit online.

First of all, I will briefly mention the methods of making money online that were discussed in my working at home article. There is internet and affiliate marketing, which involve either selling a product you created, or promoting someone else’s products for commissions. Then we have MLMs, which involve building up a downline in that makes money for you, and generally promoting a specific product. It is like affiliate marketing with affiliates working under you. Another method discussed was online freelancing work. You can write articles for other people, create software, design graphics and banners, design website or blog templates, or basically anything. You can also become a virtual assistant for another business owner, sell products on Ebay or other similar auction sites, monetize your blog for profits, promote offers for CPA networks, or take paid online surveys. These methods are all discussed in my previous article, which you can view here:

http://top5-workathome.com/blog/top-10-work-at-home-jobs/

Now let’s discuss the top 5 methods of making money online not included in my previous article.

1. Site Flipping: Site flipping is the process of purchasing websites in need of a little TLC, giving them the needed TLC and selling them for profits. If you can locate the proper websites, you only have to put a small amount of work into repairing the website and you can sell it for massive profits. The trick is knowing where to find these websites and what to look for. I am not an expert on site flipping, therefore I cannot inform you of the exact steps needed to be taken in order to succeed at site flipping.

If you would like to know which resource I personally believe is the #1 resource for learning how to flip websites and make thousands of dollars, I recommend The Site Rush. The creator, Saj P, made $274,000 using these methods just last month. He is definitely an expert in this field, and if I were to learn about site flipping from anyone, it would be Saj. So if you would like to learn in-depth strategies that you can use to succeed at site flipping, then I suggest you at least take a look at The Site Rush, which you can view here: http://tinyurl.com/the-site-rush

2. Buying And Selling Domains: Buying and selling domains is a similar process to site flipping. You simply purchase a domain either directly from the owner, from an auction site, or you can register the domain after it expires (recommended) and sell it for profit. This does not even require any work whatsoever after you have purchased the domain except to sell it at a more profitable location. I mentioned register expired domains.

Thousands of domains expire weekly because owners either don’t have the money to re-register the domain for another term, or they forget that they registered the domain and do not remember to re-register it. This means you can register their domains right after they expire so you only have to pay $10 for the domain that could be worth hundreds of dollars! The domains you pick up will already have search engine rankings, backlinks, and a reputation, meaning they can be worth a lot of money. You can either keep these domains and use them as your own sites that already have rankings, or you can sell these domains on auction sites and make some amazing profits.

The only difficulty with this method of making money online is that it is difficult to find these expired domains to register. You will need software that can search for expired domains so that you can easily locate and register the domains that have expired that you are interested in. If this strategy interests you, I suggest you check out Expired Domain Sleuth. This software enables you to locate expired domains, harvest links from the entire website, check the link validity, and 4 more things! This software will do almost everything for you, so that you can buy and sell domains quickly and easily. To find out the full details on what this software can do for you, visit Expired Domain Sleuth, and visit quickly! Domains are expiring as you read! You can see Expired Domain Sleuth here: http://tinyurl.com/expireddomainsleuth

3. Creating Blogs to Sell: Another great way to make money online is to create blogs with the intention of selling them. This is similar to blogging for profits, which I discussed in my working at home article, but with a slight twist. When you create a blog with the intention of eventually selling it, you want to make sure that you do not personalize the blog very much. Do not talk about yourself or your personal life, or make your blog revolve around you. You want the blog to revolve around the niche or subniche you are targeting. This way when you sell your site the transition between owners will be smooth and efficient. Basically all you have to do is create a blog revolving around any particular topic you choose and post useful content related to that topic. Then begin to generate traffic to your blog and monetize it using Adsense or Adbrite, or other similar advertising programs. You can also promote affiliate products. Once you are generating a reasonable income on autopilot, you can sell off your blog for a minimum of 6 months profit and up to 2 years profit. This is a simple and effective way to generate an online income. A great resource that teaches how to create blogs that can make you some massive profits is: http://tinyurl.com/benwellbttb3

4. Creating Websites to Sell: Creating websites to sell follows the same basic principles of creating a blog with the intention of selling it. Simply start up a website in your chosen niche. It can be an Ecommerce store, a website promoting an affiliate offer, or a website just offering great content with ads for people to click on. Again, once you are generating a steady stream of income, simply sell your website for a minimum of 6 months profit and start your next website. You can even combine this with method 3, and create a website with a blog and sell them both at the same time, creating an even more massive income!

5. Transcription Services: This method is quite different from the methods described above, but it is a simple way for you to make money online. You see, many people when attempting to create an eBook or even a physical book never actually write anything down. They simply talk and record the audio as the speak. Then they have someone transcribe and edit the audio for them into an eBook. You can make money by offering transcription services for these people.

These are very effective ways of that you can use to make yourself a ton of money using the wonderful power of the internet. Use them, and you should be able to quit that 9-5 that you obviously hate because you just read this article.

To Your Success,

Shawn Horwood
http://top5-workathome.com/blog/
Shawn Horwood has been making money online for quite some time now, mainly through internet and affiliate marketing. As he has been more successful than 90% of other marketers, he now shares with others how to make money online using similar methods to the ones he has used. The methods described in this article are only a few of the many methods that you can use to become prosperous using the internet.