The Internet Goldmine: An Endless Chest of Money-Making Opportunities

The creation of the Internet has afforded the common man access to a never ending supply of money-making opportunities. A large percentage of these opportunities also have the benefit of not requiring any initial monetary investment. All that is required is a bit of knowledge of the inner-workings of the world wide web and an internet connection.

There is a new money making opportunity out there called WebAnswers. The underlying concept behind the site is that you can get paid for asking and answering questions. The site works with Google AdSense, so you know that it is legitimate and trustworthy. The great thing about WebAnswers is that it is so simple and easy to use. Do you get 15 minute breaks at work? Well then you have time to answer questions. I started making money within my first hour of posting answers on this site. In my first week I had already answered 80 questions. By then I had already earned almost $5.00. If you choose to use WebAnswers, be sure to focus on quality contributions. It will pay higher dividends in the long run. WebAnswers is a great way to supplement your Google AdSense Income.

There are many web sites (or web services) that allow you to create content in exchange for income. Since your reading this, HubPages, is probably one of the best sites around (trust me, I've researched 100's and tried several others). Even so, there are many other great sites out there as well. The internet's largest, and most well known, content site is eHow. Becoming a writer for them is a rather difficult process though. Remember, with content creation, its about quality not quantity. A thoroughly researched and well written article will earn you much more money in the long run than many poor quality ones. Check out this great hub for more information about content quality: How to Develop Your Writing - Developing Your Voice as a Writer.

Everyone has heard of eBay, right? Well, selling things on eBay or other websites such as Craigslist, OnlineAuction, or UBid is a great way to add to your monthly income. Web sites like these have brought the yard sale out of the yard and into your computer. While they do take some effort on your part (taking pictures, going to the post office, etc), there is plenty of money to be made. With the downed economy, people are always looking for a good deal. The Internet has made it very easy for anyone to become a salesman.

Domain names are like houses. You can buy them, sell them, or set your 'home' at the domains address. In 2002, Frank Schilling, invested over $200,000 into the purchase of over 250,000 domain names. In 2004, just two years later, Schilling's revenues were more than $10 million dollars. Frank saw an opportunity and took advantage of it. With some quick clicking and a few dollars you can buy the domain names of the latest startup tech companies and sell them later when they want to create an internet presence. Though most of the good domain names are already taken, there still are many opportunities to earn some cash with this method.

Wouldn't it be great to earn money just for promoting and marketing existing products? Well you can! There are many people who make a decent living from affiliate marketing. Here at HubPages, they have a great affiliate program that uses eBay and Amazon. Commission Junction and ClickBank are another great way to maximize your earnings with affiliate marketing strategies.

This is sort of like house flipping, but with a lot less paperwork.  This is similar to buying and selling domain names, except this involves much more work. First you buy already established websites, make them more profitable, and then selling them for more money later.  You can also purchase empty domains, create a brand new website, and then sell it as is. This money making method requires a significant input of time and money, but the rewards often outweigh the risks.

There are many legitimate web sites out there that will pay you for taking surveys. How does it work you ask? Companies are desperate to find the answer to the following question: What do consumers want? These companies will hire market research firms to survey the public and find out the answer to that question. The right survey companies will compensate you very well for your time answering simple questions. Some great survey sites are: SurveyMasterMind, SurveySavvy, and BrandInstitute.