LESSON #4: 18 Ways to Make Money Online

By | June 16, 2008

Thus far, I’ve given my definition of what an online business is, and I’ve given you what I feel are a few prerequisites to becoming a successful online business owner.

So now let’s get more detailed as we drill down closer to what you’ll actually be doing. A lot of people say they want to make money on the internet, but they really have no idea what that looks like in real life.

One of the problems is that there are literally thousands of ways to make money on the internet…

(Watch this video…)

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Main points:

  • There are thousands of ways to make money online.

  • My way is NOT the only way.

  • Being able to follow a blueprint is great, but I also want you to be able to create your own blueprint when the lessons are over.

  • I want you to see the big picture so that you can look at my business model in the proper context.

  • Avoid the “bright shiny objects” and focus on one opportunity at a time.

    Some ways to make money online include (see video for details):

  • 1) Ebay

  • 2) Info products/Digital products

  • 3) Physical products

  • 4) Affiliate marketing

  • 5) Work from home job

  • 6) AdSense or other contextual ads (Ok here’s one affiliate link… If you really want to learn all about AdSense I do recommend my friend Joel who is the foremost expert: AdSense Secrets)

  • 7) MLM

  • 8] Coaching/consulting

  • 9) Service site

  • 10) Web hosting – Here’s a free 114 page ebook I wrote about how to be a web hosting reseller.

  • 11) Membership site

  • 12) Social network/web 2.0 site – maybe you will start the next facebook?

  • 13) Freelancer – My favorite freelancer site (where I hire the most people from) is vWorker (formerly known as RentACoder). Another good one is Odesk

  • 14) Paid Blogger – here are some blog posts listing a bunch of paid blogging sites: Part 1 Part 2 Part 3 Part 4 (UPDATE: The link I mentioned in the video is no longer valid, but the links here should work)

  • 15) Domainer – my personal domain registration site is LifeDomains

  • 16) “GPT” sites

  • 17) Sports betting arbitrage

  • 18) Trading (Stocks, commodities, forex, etc) – If you decide that this is an opportunity you want to pursue, I highly recommend my Trading Pro System

  • (This is by no means an exhaustive list)

    Action steps:

    Your action step today is optional. And it’s simple:

    1) look around and see how big the picture is, and how numerous the opportunities are.

    If you want to look around and see what else is out there, now is the time… NOT when we’re on lesson #55 and you’re in the middle of following my online business blueprint. Because once we get started, I want you to commit to following through and finishing it, because if you don’t finish it you won’t succeed with it.

    Now IF you do go out and research some of the opportunities I’ve just mentioned, remember what I said in Lesson #3… don’t buy stuff unless you know what you’re doing!

    I know this goes against the grain of what most marketers would do in my situation. I should be reeling you in and hooking you on my own idea. But I don’t want to do that. I want you to understand the scope of opportunity out there, and then choose to follow my lessons because you WANT to. Not just because you feel like its your only option. And if you’re confident in your decision to follow my blueprint, you’ll be much more focused, and you’ll be more likely to stay the course.

    As always, you are welcome to post your questions and comments below.

    Have a great day!

  • 499 thoughts on “LESSON #4: 18 Ways to Make Money Online

    1. peterli

      Many thanks for the bunch of suggestions and Trading sounds good to me but I don’t know how to start?

      Reply
    2. Max Miller

      Your program and presentation is excellent. Very well paced. I have been an instructor and writer in the aviation industry.
      My wife and I were in MLM for a few years. We enjoyed it but eventually hit burnout.
      You are very right regarding selling products on the internet. We have a gift business and it is limiting.
      It is time to expand and move into the realm of passive income.
      Enjoying your program.
      Max

      Reply
    3. Ron Jones

      Hi Eric and every one, before I joined your tips Eric I purchased three online products. Has any one heard of them and do you know much about them. Eric so far I have enjoyed your tips and lookforward to your next lesson.
      Thank you
      Ron

      Reply
    4. Ron Jones

      I guess it would help if I told you which ones I have. Money montage, my product center, power cash secrets.
      Ron

      Reply
    5. eBayer

      Hi Eric,

      No idea how did I discover this Blog.

      I am an eBay´s employee. So I would not recommend eBay right now to start a business. Things have changed and unfortunately most of the stuff out there in Internet is incomplete or very old. I personally worked in the anti-scam department and could tell you that 99% of those e-books that reveals “secrets to make millions on eBay” or “how to become a Powerseller in three months” are just rubish.

      eBay today is not the same than 10 years ago. (e.g.: info products delivered on line are forbidden and feedback system has been changed).

      So if you would allow me I would remove eBay form that list for newbies. Of course, if you have an strong company that could afford the high fees go ahead, but even there is a tendence from big companies to move slowly their businesses to their own online presence. The smartest guys there are just using eBay as advertising plattform to get buyers to their own territories).
      I will be here around listening the lessons, because I must confess I bought a lot of stuff in order to get free from my job, but nothing worked properly. I am planing to start my online business. but I need to put my ideas correctly.

      Thanks for the info

      Reply
    6. jude

      This is good stuff, however, if I am wanting to choose an online business and get it set up tonight (my goal) what would one suggest? I have done all of the classes and studies and spent all the money. what affiliate business do you recommend until i can create my own?

      Reply
    7. jude

      Gary, have you done well with this business yourself? How long have you been doing it yourself?

      Reply
    8. Peter

      Hi Eric, your lessons are very interesting, if not a little slow for me, is there anyway that I can jump forward on the lesson list?

      Thanks

      Reply
    9. Dan and Deanna

      Thank you for starting from the beginning. It helps everyone. Those that know it get a refresher and the rest get to learn step by step.

      Reply
    10. jimisan

      Hi Eric,

      Just finished listening your show. Very informative and entertaining. Thanks for outlining the various methods of making money on the internet. I’ve nothing to complain about except the TradingPro System link. Whenever it senses you closing its window the pop-up keep emerging insisting you to sign up for the opt-in list. It’s kind of irritating. I guess pop-under is better than pop-up. Just my opinion. 🙂

      Jimi

      Reply
    11. Jose

      Thank you for this great lesson as always, very refreshing, encouraging, honest… I’ll be eagerly waiting for the next lessons. God bless,

      JA

      Reply
    12. Wyteria Jacobo

      Eric, you’ve done it again. Your transparency is what keeps all of us coming back for more.

      Reply
    13. Alessandro Zamboni

      This post is useful for Beginners that are searching the first way that drives to their first online income.
      You have also added good points like Paid Blogger, Domainer and Trading.
      You start from the bases going up to the most captivating methods, also interesting for good marketers.
      Thank you very much for your contents, always interesting.

      Goodbye,
      Alessandro

      Reply
    14. Gary

      Eric – I tried to access the eBay guide for download, went through the sign-up page and process and then could not tell how to get access to the download. For now, I don’t want the other 79 books (Stop buying things!). How do I download the one guide?

      Reply
    15. Eric Post author

      You can click at the bottom of that offer to say No to the 79 ebooks. Then you will enter the meber area, and in the member area there is a link to the download page on the navigation links at the top.

      Reply
    16. Burdette

      Hi eric i am very impressed with your lessons i have spent quite a lot of money buying products that i cannot use i linked with several affiliate sites got my free website not sure how menny seems they are all friends passing my email around.I on the other hand am left without a clue what to do with it not sure if i found you or you found me but i am listening i have never owned a website never set up eletronic response email how to set up a website i am a perverbial newbie.You are the first person to tell me to stop buying thank you for your opinion i do belive you have integrity am looking forward to the next lessons keep up the good work us newbies are out there looking for you even we do not know it till we find you….BLESS

      Reply
    17. James

      Thanks Eric, I am starting to feel A little more at ease about the whole process and thanks for your honesty, James

      Reply
    18. Rema

      Hi Eric, After the 4th lesson, I realize how important your lessons are to me.I am really surprised by the fact that I am very familiar with all the opportunities you have mentioned barring one or two, tried my hand at every one of those,(played safe without burning my fingers), but I simply did not succeed in making a single penny, obviously because of the lack of knowledge to go in the right direction.. Now I feel confident that I will be able to do SOMETHING once this course is over. Thanks for the wonderful tips. Regards,Rema.

      Reply
    19. william

      hey eric…thanx for all the tips…keep them coming…I know that the real one I need is in there…can’t wait!!!

      Reply
    20. Jack

      Hi Eric,

      This is the first lesson I’ve had to listen to twice. There was just so much information that I couldn’t even begin to get it the first time.

      Please consider that a compliment, because I would not take 23 minutes and 53 seconds TWICE if the material wasn’t interesting.

      Thanks,

      Jack

      Reply
    21. Chris Harris

      Well once again you have a direct and level headed approach. My issue is that with no job, income or Internet skills, I need to make money now. I want to say that I have been able to glean from you and others teachings the very basics. Now what? I have established an “autopilot” type of website, but the company I chose to work through has blocked my access to the site until I do some freelance work for their other customers. While I do not mind doing the work, it is structured so that I could “starve to death” before actually having the site at my disposal. I know that to promote the niche is important. Could you talk about how to acquire some E-mail lists, or the “pay per click” option?

      Reply
    22. ayiee

      Thank you for this great lesson thanks for all the tips
      can’t wait!!!

      Reply
    23. D. Porter

      Thanks Eric for some great information. I guess I’m on my way with your helpful lessons. You are a blessing. thanks dp

      Reply
    24. vandana

      eric, i like what you say & the way you say it. I run a website http://www.concretebasics.org; which is a technical civil engineering website…could you suggest the adsense strategy & affiliates tie ups that i should go for…..its a free website having good technical contents…how do i make it a revenue generating site?

      Reply
    25. Eric Post author

      Right now the site looks like one big advertisement. The key to making money with adsense is having good content on your site, which will bring traffic, and then having good placement of the ads.

      So you need to put more emphasis on the content, and think about it more from the viewpoint of a potential visitor. If you were searching for info about concrete, what kind of site would you want to land on.

      Make it a more enjoyable user experience, and they will be more likely to stick around and click more ads.

      Reply
    26. Irving

      Hello Eric

      i just want to say thanks for all of this, i want to start an online business,but didn’t know where and how to start, right know I’m doing a little bit of MLM (not online) but I’ve always feel that i should do something online and yes I’ve search a lot and like everyone has said i have info overload and finding your site was the best because this is exactly what I needed, my only concern is this:
      I am in Mexico and i do not know if all this IM business will work with us Mexicans…because it looks like all we do here in Mexico is to get in youtube,face book and mercadolibre(this is like ebay) and i really like the info product idea and membership site idea.. what do you think?

      best regards

      Reply
    27. vandana

      thanks eric for your suggestion,
      are readymade adsense templates available having content relevant to my site (concrete, construction, construction machinery etc)?
      thanks

      Reply
    28. Eric Post author

      You could probably find a ready made template, but I wouldn’t necessarily recommend going that route. Adsense templates are great, if you’re building a bunch of sites, but I’m not sure that you want your “main” site to be primarily an adsense site. You need to find the focus of your business, figure out how to build a list, etc. My best advice would be to keep following these lessons one step at a time 🙂

      Reply
    29. Eric Post author

      I think info products and membership sites are both good ideas 🙂 You can actually combine the two, as you will see in lesson #32.

      Reply
    30. Roy

      Eric, I have a complimentary service that would go along with your trading pro product.
      I provide the service, you provide the marketing?

      Reply
    31. Eric Post author

      I am not taking on any new jv’s currently, but feel free to submit it to my helpdesk and I can take a look at it.

      Reply
    32. Alex

      I have to say I get distracted with everything out there way too easily! When the night started I was on one path and decided to do more research. I came across one of your reviews of the product in the process. Now, here I am indulged in your courses.

      I believe I really need structure with this venture – I hope your courses help!

      Reply
    33. Jon

      You are possibly the ONLY marketer I have ever come across who has NOT tried to sell me something under the guise of “helping” me. Good man, Eric. Very good man.

      Reply
    34. Jayantha

      There are many money making click bank products. According to them(some of the product owners) 98% are scam. How to find genuine 2%. Are you using any of them ? If so How much did you spend before earning the cost of the product?

      Reply
    35. Kris

      All I can say is WOW — what a great mentor you are. Who could ask for any more information than what you so willingly are giving to us? Your words and wisdom certainly are inspiring to me and for that I thank you very much 😀

      Reply
    36. Emmanuel

      Hey Eric,
      It keeps getting better each day!
      The info is so great that I feel bless.

      Keep up the good work!

      Reply
    37. RUDOLF HENRIQUEZ

      HI ERIC,
      YOU ARE RIGHT, I NEED TO CONCENTRATE ON LEARNING FIRST, I RECEIVED EVERYDAY MANY SHINING THINGS, A GOOD THING MY CREDIT CARD IS INACTIVE NOW!
      THANKS, RUDOLF

      Reply
    38. BRIAN

      eric i really think your a good dude im new and green as a bean but I know ill never stop til i get it you give me insperation TO CONTINUE WHEN MY TANK IS DRY IM ATTEMPING THE HOME CASH COURSE BUT UN KNOWING I NEEDED THE 99.99 FOR THE TRAFFIC I FEEL REALLY MESSED ME UP BUT IM HOLDING MY HEAD UP AND I KNOW I WILL SUCCEED IM GETTING IT THANKS TO PEOPLE LIKE YOU THANKS MAN

      Reply
    39. JoAnn

      Okay! I want to make money with info products/digital products and affiliate marketing. Can’t wait for the next lesson.

      Reply
    40. Kenneth Stryker

      Eric, I have about 40 hours each week to put into your “orientation” re the internet.I could use about 4 of these lessons each day? Can you send me 4 lessons each day?

      Reply
    41. Kenneth Stryker

      Eric,I hope you will send me 4 lessons each day instead of just one?
      Also I need help in down loading your book on ebay. Every time I try to download the book a page pops up that saysyou already have my email in your databaseand itstops me cold . what do I do? to get the boo?k downloaded?

      Reply
    42. Eric Post author

      If your email is in the database, then you can login to download the ebook. Please submit a helpdesk ticket if you have trouble logging in. Otherwise, feel free to simply signup again using a different email address. Thanks

      Reply
    43. Eric Post author

      At the moment, I am still ceating the lessons. When they are all completed, I will be selling them in a home study course so people like you can go through them at your own pace. But in the mean time, I’m just releasing them one at a time here on my site.

      Reply

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