If you think it’s the easiest way to make money, then that’s probably why you’ve still not been able to make it rich while trying to find mother lode on the Internet. But don’t worry, you’re not alone in this regard – most people have no clue as to what goes on in the online world when it comes to making the big bucks; all they see is the sound of money falling into their bank accounts even as they sit at home and work just their thumbs.

Unfortunately (or fortunately), that’s not how money is made online; in fact, it’s more of a struggle to see a few bucks through your online venture than work at a daily job that while requiring you to adhere to timings and a schedule, at least pays you a fixed amount every month. The problem with trying to earn online is that you may taste great success one month and utter failure the next – your income takes the shape of a sine wave that goes up and comes down, only this wave is more choppy than regular.

So to answer the question in the title of this blog post, yes, it is possible to make money online, even today when the Internet has become saturated with entrepreneurs and marketers, and it seems like there’s no room for anyone else on board. The only hitch is that you must be extremely talented, highly skilled, and willing to use both brains and hard work to make it work.

• Opportunities do exist in the creative sector – if you’re a writer or a graphic artist who can work from home through the Internet, it’s easy to get yourself a few clients and regular assignments once you’ve established your reputation as a trustworthy and reliable worker.
• If you’re selling stuff online, the best place to do so is through eBay or any other established selling site – you may be tempted to set up your own site, but it’s a long shot at success and too much hard work and initial disappointment to be worth it.
• Writing a blog has paid off for many an aspiring author, but it’s not because they earn thousands every month through their blog; mostly it’s because they’ve managed to secure book deals or because they have their fingers in more than one pie – they attract revenue from advertisements on more than one site and invest in multilevel marketing schemes that depend on other people’s dedication to make them rich.

It’s not prudent to quit your regular job and take to making money online unless you’re assured of a minimum sum every month; while it’s possible to make a decent amount if you have the time to dedicate to your various ventures on the net, remember that the web is a fickle mistress – she can change in an instant and leave you out in the cold. So don’t forsake the stability of a wife and home (your regular job) for the glamor of a seductive temptress – once the sheen wears away, you find that you’re unable to deal with the muck underneath.

By-line:

This guest post is contributed by Kathy Wilson, who writes on the topic of x-ray technician school programs. She welcomes your comments at her email id: kathywilson1983 (at) gmail (dot) com.

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Apart from this, this is going to be another trial effort of building an online asset.  My initial online investment was $9.95 for the domain MT Herald and hosting charges of $6.99 a month!  Now my online portfolio brings in a revenue averaging $600 a month for the past three months out of which I’m investing three-fourths of a month’s income, $404, on this forum.  The split-up would be like this:

Domain name:                         9.95

vBulletin forum software:    195.00

vBSEO:                                149.00

Template customization:       50.00

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Total                                  $403.95

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The expenses per month would be only hosting charges of $8.49.  If you evaluate Business Forumz with website evaluation tools, all of them would currently evaluate Business Forumz to be a big zero.

The site is currently blank with no contents inside with tinkering work still going on from behind.  I will be dedicating only my free time to post contents on the site.  Everything else will be left to the crowd reaching through search engines. Only basic search engine optimization will be made and no paid promotions will be made.  Ads will be displayed to earn revenue and I will be reporting the revenue made exactly one year from now onwards.

Let’s see how this $404 performs by the same time next year, hence stay tuned.  Let your business dreams too come true! Benefit from the discussions that may be happening, come on, join the business forum.

1 Comments

• At January 17, 2010, gspal wrote:

  The business forum idea here seems a good idea. I have been always skeptical of these internet based business ideas that sent a well designed HTML email of earning like $14,000 a day for zero investment. The only investment would be to buy the book to how to go about it which, I think, was just crap. Most of these were noreply emails. The others I replied by redirecting them to MTStars where members were crying hoarse for fall in earnings due to outsourcing. In India we had our own Rupeemail to read advertisements via email. It has been over a year since I became a member and have yet to reach $2 (Rs.100) being the minimum amount to get payment. As I like to write on just about anything, I also started a blog at Google under a pseudonym not so much for Adsense revenue (which has been nil so far) but to post my own. Before that I was working as an agent for a healthcare product. Made nothing out of it other than consuming the same myself!

So with that, again started my quest for a solid internet business model, an idea to earn money online for a decent living, and made a hard decision along with that: “If I could make a well reliable, passive online income of 5000 USD a month for three consecutive months, well above the average earnings of a medical transcriptionist in the US, I will be retiring from my full-time medical transcription job to pursue as an online entrepreneur.”  Unless you fix a target, start planning, and work on to reach the target, you remain an average Joe receiving the same paycheck lifelong or reduced paychecks month on month in tune with the fate of medical transcription.  You reach an earnings cap as an individual in medical transcription unless you expand the business by employing some medical transcriptionists underneath you, but somehow it hasn’t fascinated me for a long time.

I have fixed the target now but I don’t know when and how I will be reaching that target.  As of now, I do not have any concrete plans to reach that goal but I will be updating you the news of my journey to success on this blog, hence if you too are interested in joining my bandwagon, stay tuned.

So here are those goals that I’m chalking it out again.

• Make money online to the tune of $5000 a month for three consecutive months by working part time on the internet whenever free time is available and then quit the full-time job as a medical transcriptionist.  Instead of that $5000 coming from a single source, if it could be from multiple streams, the better.
• I’m not interested in any of the scams like online data entry, email reading, writing any sort of medical transcription ebook, filling in surveys, or work at home jobs but I want to live a 2-hour workday if I quit medical transcription.  My core focus would be online passive income or minimal amount of work a day.

The target is clear to get drilled into the depths of the inner mind when I read it over and over again, that the thoughts will now always be focused on the target.  Whenever you want to achieve a dream, write it down, stick it in a place well visible to you to read again and again, mumble it over and over, and your mind will definitely work on to achieve that target by any means.  And now for the action plan.

If you make a closed quote search of make money online or earn money online on Google, whatever that surfaces up seems to be a scam that separating the wheat from chaff seems to be rather a very tough job.  (These are the heavily sought after information on the search engines, and there exists a rigorous competition among websites to get on to the top of the results page for these keywords.)  However, while performing rigorous search neck deep on various search engines, I got two-three useful leads for you folks from those searches.  Bank on it if you’re in need.  They are companies hiring medical transcribers to work from home and information about companies recruiting MTs to work from home along with another interesting lead of online tutoring jobs, all of which I’m not interested as of now.  The other results that fancied me while performing the search are 100+ tools and resources to make money online without spending a dime.

With those searches leading nowhere, some ideas gradually churned out while performing the research.  Though constant blogging and continuous chucking of contents needs dedication, passion on the subject, passion on what you are doing, and constant effort, many bloggers are still making good figures blogging but those who couldn’t sustain blogging are lacking any of these characteristics.   Hence towards the march to reach $5000 of passive online income a month, I may have to use the following strategies:

• Blogging, slapping ads on the blog, affiliate marketing and/or other options (legally permitted by search engines).
• Buy an existing (website) business on the internet that has a potential to grow which is now available at a bargain.
• Looking out opportunities in social media.

Blogging:

Yes, becoming a six figure blogger is quite possible.  I have heard many making six figures of online income a month but they prefer to remain under the hood without bragging or sharing the experiences with everyone.  Unbelievable? Just see this single check for $132,994.97, issued by Google just for one month.  These people think in terms of companies and business models rather than websites.  To reach that goal you need complete dedication, hard work, time, and tons of patience.  Blogging at MT Herald fetches me the hosting and domain charges and a couple of coffees a month that cannot be substituted with the full-time medical transcription income for now.  To multiply that income to reach the $5000 level, I may have to quit the medical transcription job to become a full-time blogger but that won’t be wise at this juncture.

Buying An Existing Web-Based Business:

This seems to be a good idea while doing some research on it but as of now, I’m just a learner or to say better, a total zero on the basic elements of how to buy or sell a website.  Back in April 2009, I was thinking of John Reese and his domain income.com, the idea that fetched him $1,080,496.37 in a day, and I had an instantaneous flash of the word “incomeless” and went on and bought the domain incomeless.com (update: I haven’t renewed this domain after one year due to lack of interest).  I don’t know why that dictionary word didn’t attract the attention of anybody until then, as it is tough these days to find a dictionary word for your domain.  You might already be knowing the story of googleMT.  So that’s my online portfolio as of now.

To this date the ground rules that I’m able to understand is that to acquire a web-based business generating $5000 a month, one need to invest 1 to 2 years of that income as upfront investment to procure that business which works out to be $60,000 to $120,000.  Hmmm, a huge sum indeed!  However, I’m still at the surface and have to dig deep into this topic and will let you know the outcome.

Opportunities In Social Media:

Initially, I was a bit reluctant to socialize online thinking it as waste of time and being afraid of spam (even you might have noticed me following only a handful of people on Twitter earlier) but later my views changed realizing the immense benefits that social networking can bring into your life.  Even if social media cannot directly be used for money gains, it can become a source to drive massive traffic in your effort to making money with social media.  Though there are a few paid social media programs, the instant idea while thinking about making money on social media was sponsored tweets though I was reluctant at the beginning with the feeling of betraying my followers but John Chow’s convincing post of making $1000 in August alone made me to give it a second thought and finally went on to sign up with Sponsored Tweets.  You might already be knowing John Chow for his herculean efforts in sustaining traffic to his blog even after being dropped from Google for almost three years, and his blog income reports, his last reported blog income in October 2008 was $34,350.

Over To My Readers: So these are my initial thoughts.  My search to make money online to earn a decent living continues, and I will take you all along that roller-coaster journey.  Meanwhile, do you have any ideas, tips and techniques to make money online that could fulfill the aforesaid conditions?  Apart from winning your bread from medical transcription online, are any of you making a decent living online from home? I welcome your suggestions.

4 Comments

• At December 7, 2009, swapnaunni wrote:

  how to earn a money from home . is it true ? if it is true i also want to do it . but i dont know how to starts it .so u plz tell me the detail .i hope for it ok bye

• At December 8, 2009, CHAUBE wrote:

  By-and-large it has all been a fraud, so far as my experience goes.

  I suggest that a genuine 'Work at Home' job provider should not demand for any 'one time registration amount'. Instead they should first make the assessment of the skills required online and only after being satisfied with respect to the job seekers capabilities, should the job be given/entrusted. Yes, a certain amount could be retained by the Job Provider to as to be assured that the job would be completed timely and upto the standard/level required.

  Chaube

• At December 8, 2009, Raj wrote:

  I know people earning decent income from home in USD and I'm also in hunt of one such source. Will definitely update on this blog if I land up on one such reliable source.

• At April 8, 2010, Jeff wrote:

  On the subject of fraud and a company requesting a signup fee, this depends on what kind of company or industry you are looking to get involved in. If you are looking for a company that you clock in and clock out just like a regular 9 to 5 job that is no different than working for a corporate company then you should not have to pay to work for them. You should be considered based on submitting a resume.

  On the other hand, if you are looking to free yourself from having to report to a boss and you want to start your own business then you normally will have to pay out a lot of money for startup costs and so on.

  There are some very good opportunities out there that minimize the initial startup cost by offering you a simple signup fee and the hard work is already done for you. All you need to do after that is just market your new business. but choose wisely, make sure it is a product that people want.

  I think that being able to start your own business for a one time fee of $20 - $200 (whatever the cost may be depending on the business) sounds like a pretty good deal. I have done a few of these and made a really good living off of it.

  Good luck to all of you!

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