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Thursday, September 13, 2012

6 Quick Ways For Young Entrepreneurs To Make Money Online

How can I quickly make money online?
I get a lot of emails, comments and questions from my readers on this site on a wide variety of topics, but one question that I get constantly asked is “How can I quickly earn money online?
The majority of people who ask me this tend to be young entrepreneurs who want to generate some money to fund their new business idea, though the tips below can be used by anyone.
Now, I always reply with the same answer, which is there is no “quick” way to earn money online. As with any business, the more effort you put in, the more you can expect to get back. Certainly if you are thinking of a long term business!
But having said that, there are some techniques that you can use to raise some money relatively quickly and easily. I was able to raise enough money to start my own online business by using some of the methods below.

Sell Your Old Stuff On eBay

You probably have a ton of stuff that you don’t use any more. Instead of leaving it sitting on a shelf, or dumped at the bottom of a wardrobe not doing anything but gathering dust, why not put it up for auction.
Now I know what you are thinking, “But who would want any of my old stuff?” Just because you don’t want them, doesn’t mean someone else doesn’t!
“One man’s trash is another man’s treasure!”
That old series of comic books you collected as a kid, there may be a collector that would like them. Those old clothes that you have outgrown, they might fit someone else. Your old computer that doesn’t work any more, someone might want to fix it up, or get spare parts from it. Etc.
List your items on eBay and in time you will find buyers for them! If you find that you like selling stuff oneBay, you may want to start your own eBay business!

Selling Photos Online

As long as you haven’t just sold your camera on eBay, you can use it to take photos and sell them online!
Sites like Shutterstock pay people to submit them photos. You don’t need to be professional photographer, you just need to be a bit creative. Upload your photos and any time your picture is downloaded by someone, you will make some money!

Work As A Freelancer

A great way to make money online quickly is to do freelance work. If you have a skill that you are good at, e.g. software programming, graphic design, designing websites, writing/blogging, etc. then you can easily find a job to do part time to make some money. Many companies will outsource work to freelancers to save money and you will be able to work from home.
The great thing about freelancing is that your input determine your output, so that more work you put in, the more you will get out of it. So, the quicker you finish one job, the sooner you can move onto the next.
You don’t necessarily need to have a specific skill, there are plenty of data entry, form/survey filling, product review, etc. jobs out there, you just need to look for them!

Write An eBook

With the popularity of the Kindle and the iPad, as well as many apps for your smart phone, ebooks have never been so popular. There are even debates online as to which is the best eReader?
But what should I write about? Well everybody is knowledgeable about something! It doesn’t need to be a 1000 page manuscript, just write about what you know. That could be a subject you studied atschool/university, DIY tips, cooking recipes, even a video game guide! Write an ebook on your chosen subject and sell it to other people.
Depending on how quickly you can write your ebook, you can start generating money by selling it on the Amazon Kindle store or Apple iBookstore. The more demand there is for your ebook, the quicker (and better) it will sell.
Read our ‘How To Make Money By Writing An eBook!‘ for more info.

Write Tutorials

Certain sites pay people to supply them with high quality tutorials. So if you are good programming, graphic design, Photoshop, After Effects, etc. then you could earn some money.
Provided you know what you are doing, this shouldn’t take too long to produce. If your tutorial is approved, you could earn as much as $50.

Affiliate Marketing

You can also make money online quickly by promoting other people’s products, which is called affiliate marketing.
To do this you will need; a website (a basic one will work), a product to promote and some marketing know how.
The great thing about affiliate marketing is that it depends on you! Depending on the work you put into promoting it, it could take you several months to make a single penny, but it could take a matter of days! If you are willing to put the effort in, it can be a great way to earn some quick extra cash.

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