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How to Make Money Online with Minimum Cost Possible

Date Added: May 14, 2007 06:56:39 PM



Many people are aware that they can turn their computer into a money generating machine. There are numerous methods of making money online using your personal computer at home. In this article you will discover some low cost ways to earn money on the Internet.

Selling Merchandise on the Net
You can launch your own online shopping mall to sell a wide range of products. However, setting up an online store can cost you few thousands dollars before you produce any sales. One way to begin selling online with minimum initial cost is deal with drop ship distributors. How drop shipping works?

  1. A drop ship company is a wholesale distributor that will ship your product directly to your customer for you.
  2. You don't pay for an item to the drop ship wholesaler unless it has sold to your customer.
  3. You don't need to stock any products.
  4. The drop ship company will handle packaging and shipping work when a product sold to a customer.
Drop shipping system enables anyone to set up an online business with little initial capital due to the benefits it offers. Thinking about where to start selling your products using drop ship distributors, EBay probably is the best place to get started. One technique you can try is sell the products similar to the one that have attracted several bids in eBay. For example, if you have decided to sell digital cameras on ebay and have set up an account with a digital camera drop ship company. You found that a Canon SD700 digital camera has received 10 bids, so what you can try to do is check with your distributor to see whether they have the same item. If your distributor confirms that they have the similar item in stock, list the same item instantly with lower price. Of course, there is no guarantee that you can generate sale using this strategy. You need to learn more about eBay selling strategies and ideas to make a steady income.

Freelance Work
There are tons of online job opportunities and freelance projects listed in freelance jobs marketplaces like elance.com, guru.com and freelancexchange.com. These freelance marketplaces generally have the following type of job offers:

  1. IT jobs (Database management, web development and hosting, script-installation, programming, website optimization and promotion, graphic design and so on)
  2. Copywriting, article writing and editing Jobs
  3. Administrative and accounting support.
You can start bidding for the jobs and assignment that attract you by signing up as a service provider of the above freelance job sites.

Become an Affiliate
Affiliate makes money on the net by marketing other people's products. When a visitor sent by an affiliate to his/her merchant's website purchased an item, the affiliate will be credited an amount of affiliate commission. Clickbank is a large info-product marketplace with ten thousands of free affiliate programs. You can start promoting affiliate product by joining one affiliate program there. Other Affiliate networks that contain plenty of affiliate programs are:

Affiliate programs can be promoted throught a website or without a website.

Sell Images and Photos at Microstock Agencies
If you have kept a lot of photos or created plenty of images, you may think about selling them to microstock agencies such as Shutterstock.com, Dreamstime.com and Fotolia.com. The demands for new photos and images by web designers are fairy high thus selling photos to microstock agencies can be a great way to earn extra cash monthly.

Alan Liew, the creator of this article, is the owner of Online4income.com. The website is created for people to learn everything about making money online. He also set up a blog to record down the latest ways to make money online.