Tuesday, October 16, 2012

What Are The Sources Of Income Online?

Anyone looking for income online, the statistics are staggering: currently, 2.3 billion people have access to the internet out of total world population of 6.9 billion. This is a penetration of only 33%! The potential for growth here is enormous. As devices get cheaper and the networks, cable, satellite and mobile increasingly accessible and affordable, this trend is most likely to increase.

This is not a bad thing; internet activity increases commercial activity and with it economic growth. For instance, one study suggests that internet activity accounted for 21% of GDP growth in the last 5 years in mature countries; 3.4% of GDP growth and 10% increase in productivity.

Internet usage not only permeates commercial activity but also increasingly, social activity. The explosion recently in the usage of Social Media such as Facebook and Twitter, is a testament to this fact. These platforms once again present a tremendous opportunity for commercial activity.

Furthermore, global e-commerce sales are expected to top $1.25 trillion by 2013. Internet with all the activity conducted on it is without a doubt on a one-way street which is upwards.

Simply put, this presents an enormous opportunity for everyone to thrive on the internet justselling their stuff; in the case of online trading such as forex, it would be buying and sellingcurrencies. This presents an enormous opportunity to earn an income online.

So, what type of activities can you undertake to earn an income online?

I have categorized areas you can partake in to earn an income online into four broad areas:

* Selling;

* Writing;

* Trading;

* Freelancing (not including writing).

These four areas hold many activities within them. Let's consider each one briefly.

Selling: On the internet, you can of-course sell your own stuff. It could simply be something you don't want anymore, such as old clothing. The most popular site people go to for this is eBay. Or it could be something new, for instance a new eBook you have written on a topic you know which you could sell on a site such as ClickBank.com or JVZoo.com. Alternatively, as opposed to being a Vendor selling your own stuff, you could sell someone else's stuff as an Affiliate.

Writing: You can approach this in two ways: You can either write for someone else or you could write for yourself. If you are not good at selling, then perhaps writing for someone else is the best for you; you will at least know where the money is coming from. If you write for yourself and monetize your work it can turn out to be lucrative for you. For instance, you could write for your own blog and use the traffic you generate to sell products from your website either as an affiliate or as a vendor.

Trading: You can trade currencies or stocks on the internet. These days there are many ways you can participate in the markets and you do not need to be confined to your desk. You could do it from any mobile device such as a smartphone or a tablet computer.

Freelancing: One very famous site called Fiverr matches people who have a need for something, let's say graphic design, with people who have the skills to deliver for a fiver or less. The exchange of money and products, the transactions, are all done online.

This is just a brief introduction on what you can do to generate income online. Any one of these or a combination can generate a handsome income for you if done properly.

For further details on this article and great resources, please visit
http://simplymakingmoneyonline.net/

View the original article here

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