3 Ways to Make Money Online (as cheaply and quickly as possible)
To encourage you all to ask more questions during this week’s Open Mic Monday topic, I thought I should answer one of the questions that was posted. And, in the process, add a new Q & A section here at JMMO.
So, here you go.
Here, Scott Allen started off with a real tough challenge/question:
“OK, I got one for you, Shai… I know there’s no way to get rich quick, but let’s say that you had, oh, less than $50 to start with, no established reputation, no web site — what is the fastest way to start earning money online — doesn’t have to be big money, but let’s say significantly more than minimum wage.
For example, if you wanted to make an extra $1,000 in the next two weeks, starting from scratch, what would you do?”
Ooookkkaayyy. First of all, two weeks to make an extra $1,000 certainly sounds like a lot of moolah to make from scratch. And yes, after looking at every possible “make money opportunity” on the web over the last decade, I can attest that there’s no such thing as a get-rich-quick scheme that really works. At least, not in my experience. And yes, there are things that I’m just not in the market to try (even though I have been invited).
Having said that, let me try to answer Scott’s question with my Best Case Scenario Hat on.
So, if I had just $50 to spend and with absolutely zero web presence to work with, here are 3 ideas on how to make money online as quickly as possible:
1) Look and/or Post at Job Boards. Even if I’m not looking for a full time gig, other work (consultancy, work-for-hire, etc) can definitely lead to a good part-time income. In fact, I made my first few dollars online doing a variety of freelance work.
Some possible ideas: Writing content for various publications, editing/copywriting, and offering various services for a fee. Whether you’re good at organising, designing, or speaking - there’s a job out there for you.
2) Source for a Great Product to Sell. Then, do an all-out campaign to sell it in at least 3 ways: eBay, my own site/blog, and through active participation in a relevant community (forums, Facebook, etc). If I haven’t got something that I can produce, I will do some flea market treasure hunting and/or I’d hit the garage sales. And maybe, check storage rooms of friends and family.
During the days when I was actively selling on eBay, I’ve heard of a few good stories of sellers making big bucks in unexpected ways. For example, there was a seller who found a popular old book in a garage sale for about $5. Then, she thought of having it appraised and was surprised at the valuation. I believe the book ended up sold for a few hundred dollars.
Oh, and sometimes, it’s not The One Big Great Product. Often, it’s just a collection of small good products that people would love to have.
Of course, there’s a catch here: To know what products to sell and to know how to sell them - you’ll need to have done some market research and such.
3) Do Something Crazy or Wild. This is one of those things that I just can’t - and won’t - try first hand. But, I know some people doing all sorts of online experiments - from trying silly stunts that attract plenty of attention (and cash) - to doing something “in secret” (like getting in to the adult industry). But, other than these, something crazy or wild might simply mean trying lotto/sweepstakes, getting involved in sports betting or some kind of ‘online busking’.
Yes, I know that #3 won’t be for everyone. And, I’m not at all endorsing illegal and indecent activities. I’m just trying to point out the different ways people make money cheaply and quickly.
Hmmm… any other ideas, anyone?
Image source (digitally altered): Pierre Amerlynck
Technorati Tags: advice, money chat
Related Stories
POSTED IN: Basics of Making Money Online, General: Making Money Stuff, Open Mic for Online Money
8 opinions for 3 Ways to Make Money Online (as cheaply and quickly as possible)
Alfa
Aug 22, 2007 at 3:50 am
Another quick way to make money online is to find a home-based transcription job. If you can type quite fast and you have no problem with accents, there are a lot of podcast producers or teleconference hosts who are mostly Internet entrepreneurs who are looking for transcriptionists. Within 3 to 4 hours, which is the average time that you’ll spend typing a 1-hour audio file, $10-15 can be had. This of course depends on your arrangement with the client.
Ryan Tate
Aug 22, 2007 at 9:30 am
I’m probably the biggest internet dummy ever,
but yesterday I made $240. The day before I
made $160; The day before that I made $80,
and the day before that I made $280.
http://www.residualcash.info
I don’t even sell anything. I give something
away for free, and every time I give it away,
I make money.
I virtually guarantee you can be making money
in the next hour, if not sooner. All you need to
do is read this amazing new FREE e-book that
reveals the whole incredible system. Yes, that’s
right, the e-book is completely free….
No strings attached.
All you have to do is go to the website download the ebook, and read it. once you
read it take action.
Kyle M. Stephens
Aug 23, 2007 at 11:10 pm
Ryan, I think your site is what Shai was referring to above… the part about get rich quick schemes not working.
Ryan Tate
Aug 24, 2007 at 1:26 am
Kyle I read your blog, If your not making at least
1,000 online a month then something is wrong no offense. There are so may ways to make money.
Its almost hard not to make more than 1,000 online a month. If you want to learn how just email me.
And how is my website a get rich quick scheme.
I really feel offended that you would refer to it as such.
But its all good. I gues… maybe you have ever been exposed to the fact there are people who make millions of dollars online on a yearly basis….
Yessir the internet is Real
Kyle M. Stephens
Aug 24, 2007 at 5:56 am
Ryan,
I just took a quick glance at your site. I think the thing that makes people wary is the puffery. Maybe you do make that much money and help others do it too, but your comment would make the average reader a bit skeptical.
Adam Smith
Jan 9, 2008 at 1:49 pm
I agree with Kyle. I’m skeptical.
Put it this way, there are more people boasting about the money they are making who have none, than people who have money that don’t boast.
Rich Micheals
Feb 8, 2008 at 4:52 am
So many people over look my job, even when they see me do it, it’s amazing. I make anywhere from $600-$1000 per week (actually I only work 3 days per week because now I dont need to work more than that) and do next to nothing except have fun for the entire 7 hour shift!
Its a job that requires no diplomas, degrees, drug testing or background checks and theres places of employment in almost every city.
It may not be a job everyone would do, but all would agree it’s probably one of the easiest high paying jobs in the world.
check out my site if your interested in getting more information.
Maria
Feb 15, 2008 at 3:33 pm
Making money online is easier than it seems to be…..Yes that is right. It just require some time and constancy. I make over $100 per day(which is not bad, I guess) Do you want to know how: please visit: http://www.Moneyearningblogs.com
Have an opinion? Leave a comment: