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5 Ways to Actually Make Money Online

There are plenty of ways to make money online—but you have to be patient, smart, and creative.

By
Eric Escobar,
October 8, 2015
Episode #192

Page 1 of 2

You're scrolling through Facebook when you see an ad about how you can make thousands of dollars online from home. You probably wince and think there's no way it's anything but a scam. While the claims you can make thousands of dollars in an hour likely are a sales gimmick, there are plenty of ways to make money online doing things that you love. Just keep in mind you will not get rich quick, and that it will take hard work and patience.

How Should You Get Paid?

One of the first things to consider when working online is how you are willing to get paid. There are some websites that will pay you in credits to their site—say in the form of a gift card or a subscription. Other websites will pay to a PayPal account or to your bank account, just like a typical employer would.

Now payment method can vary pretty substantially depending on the type of work you are doing, and I would strongly recommend using a service such as PayPal to receive payments at first. The reason for this is that PayPal offers protections on withdrawing and depositing money, and they’ve been in the online payment space longer than most everyone else.

The idea here is to avoid giving out any kind of banking information to a company that you do not have a track record with. There have been many scams that try to snag as much information as possible from you in order to withdraw money for an account, or to try to steal you information and identity. In either case, being paid with PayPal for a while doesn’t hurt and keeps you safe.

Work for Yourself or Someone Else?

Now that we have squared away where the money goes, let’s talk about what you can do online to make money. There are two distinctions to be made: you can work for yourself or you can work for someone else. As you start out, you will most likely find that doing work for an existing company will be more lucrative. This is because an existing company will already have customers, a product or service, and a method of work. This means that you should expect a regular paycheck for work, and that you only have to worry about your specific task.

The other option is to work for yourself, which can be more difficult. It requires you to find customers, deal with billing, make a website, produce audio or video content, and figure out how to monetize all of that. While this is challenging, it’s can also be much more lucrative in the long run if you’re successful.

Ultimately, what you decide has to work best for you. If you have a full time job already and you’re just looking to make some side income, then working for an existing company will probably take less of your time and you can stop whenever you want. It’s great if you need some extra money around the holidays or if you just want to save some money. If you’re looking to get out of the corporate rat race, you’ll probably want to start working for yourself, that way you can make your own decisions, and take full share in all of your successes. Just keep in mind that it’s going to be more difficult ...

How to Make Money Online

Now let’s get right down to it: what can you actually do to make money online? Well, there are a million different ways but I’m going to group them based upon the type of work that’s available.

 

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