If you’re looking to build a new career online or test your way into launching a small business, the first ten ways we just ran through are some of the best, long-term plays for making money online. However, for a lot of people (myself included), you probably want to find other, quick online business opportunities where you can start seeing a return faster.
Considering that you have a finite amount of time, passive income should make up a large part of your work. If you're serious about generating any semblance of income online, then passive income should be one of your sole goals and ambitions. Why? Wouldn't you prefer to do the work one time and get paid repeatedly as opposed to relying on your time to generate that income? Invest the time at the front-end so that you can reap the benefits on the back-end. This means putting in a bit of sweat equity and not getting paid today. Rather, you'll get paid somewhere down the road. And you'll continue getting paid whether you keep building that passive income stream or you stop.
My next self-funded business hit $160,000 in revenue in its first year alone. After that first taste of self-made success, I’ve gone on to sign consulting contracts worth tens of thousands of dollars with startups like LinkedIn and Google, launch profitable online courses, and grow my blog to over 400,000 monthly readers and $50,000/mo in side income.
Sites like Demand Studios () and Associated Content () hire experienced freelance writers, editors and filmmakers to work on projects for sites like eHow, LiveStrong.com and YouTube. At Demand Studios, assignments pay anywhere from $15 to $100; if you meet tenure and activity requirements, you can be eligible for health insurance plans. At Associated Content there are three ways to earn money: Upfront payments for content you write ($2 to $15 per article), assigned articles ($10 to $100 per article) and performance payments ($1.50 for every 1,000 page views of your article if it’s posted online).