How to Make Money Online

As long as you have the inclination, a little bit of expertise and some free time, you can earn some money on the Internet from the comfort of your own home:

1. Self publish books

If you love writing and want to get a book published, Amazon offers a free service called Kindle Direct Publishing. The service allows anyone to self publish books on the Kindle (electronic) bookstore and earn royalties from sales. There are two plans you can choose from the 35% royalty works across any book sold in any country) while the 70% royalty plans works if you sell in a few select countries.

2. Make & sell your apps

With so many smartphones and tablets, app development can be a very lucrative business. You can learn about developing apps online — there are various tutorials available for free. That's the easy part — the hard part is coming up with an idea that 'clicks'. Once you make an app, submit it to the respective app store, set a price and choose whether you want to earn from inapp advertising. Your earnings, after deducting the appropriate fees, will be paid monthly.

3. Sell your photos Online

Numerous stock websites like www.shutterstock.com

, www.shutterpoint.com and www.istockphoto.com host photographs submitted by members. Depending on the site's policy, you can earn between a 15 to 85% royalty on each sale. The better the quality of photos and the larger your online portfolio, the more you will sell. Usually, each photograph you want to upload will have to be 'selected' by them first — and they usually have strict requirements of what can or cannot go on sale.

4. Sell old stuff online

An easy way to earn some money on the Internet is by selling old stuff that you have around the house. Websites like www.olx.in, www.quickr.com & http://craigslist.co.in provide a free classifieds platform. You need to create an account, enter the product details, location, the expected price along with some photographs — listing usually go live within a couple of hours. Interested buyers can directly contact you and finalise the sale.

5. Start an online shop

With some creativity, you can learn to make handicrafts or if you know a wholesale dealer, purchase unique things at low prices. Once you have some stock ready, you can set up an online shop to sell these goods on sites like www.ebay.com or www.indiebazaar.com.

Both sites have a simple signup process. After you get verified as a seller, they provide you with a step-by-step wizard to set your online store (how to add photos & details of items you want to sell).

6. Work online for money

The internet is full of bogus companies that promise to pay you for work but never will. For instance, all places that offer money to fill surveys or those that require payment up front are scammers. Two popular & reliable places to find work are www.odesk.com, www.elance.com and www.freelancer.com/

All have a similar system: set up a profile and take tests to prove your proficiency in certain areas. Once done, you'll be listed as a contractor/freelancer and people can hire you for an hourly rate. You can get paid more by working hard, getting better at what you do and getting good feedback (ratings) from your clients.

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Social Networking is a Commodity Now

Marc Canter, founder and CEO of Broadband Mechanics, is in the business of building social networks. In 1984; he co-founded MacroMind which became Macromedia in 1991 and since then the company has continued to pioneer multimedia authoring and standards. Now at Broadband Mechanics Marc Carter is merging his multimedia heritage with social networks. He is now busy creating what he calls ‘digital lifestyle aggregators.’ Broadband Mechanics’ open platform People Aggregator is a white label solution that allows people to create their own social networks and integrate them with any other software via internal APIs (Application Programming Interface) and external Web services.

Excerpts: What exactly is the concept of white labeled social networking? Most social networking brands offer their products directly to users. I was a Part of this group of people who didn’t like the idea that every time you have to start a social web, you need to hire programmers, write the code and spend millions of dollars. And this has gone over million of times. This means that billions of dollars have gone in building social networks. We felt that there was a need for a platform that enabled companies to build their own social webs and tailor these networks to a range of purposes. This is what the concept of white labelling is. The idea is to provide the building blocks for a social network where the platform provider is as invisible as possible to the social network’s users. There are two models we follow — source code (the business model of Red Hat and other open source companies) or Software as a Service (SaaS). Our earliest clients were 1UP.com and tribe.net. How can this be beneficial for a company? There are various ways in which a social network can help a company. I will tell you how some of our customers benefited. Bell Canada had a movie download site from where users could download movies. What we did was to add social features to their plain page. Now, users can rate the movies, write/read reviews, etc. This gave the company a vibrant community as well as enhanced the user experience. Another customer of ours — Telecom Italia — which has some 72,000 employees — wants all the employees to talk and interact with each other. They want all of them to have fun together. So it’s an HR function here. But how would it help a company gain in terms of revenue? Usually, organizations see this as a marketing expense. Once the marketing team is convinced that social networks can bring money to the organization; it’s easier to convince the top management. At EMI, one of the biggest record companies in the US, we met the marketing team and created a social web for them where in all the sister brands came under one umbrella. We made them aware of the potential of social networking and how important it was to free the user’s data. The moral of the story is there is lot of money to be made in social networking. And also those who embrace the technology early will be the leaders while the rest will be followers. And remember there is always a difference between leaders and followers. The fact that companies like Oracle and Saleforce have embraced social networking proves its potential. I believe that all software is social. As a vendor, you need to be a parent. You need to know when to let go as well as not only talk but also listen. Why shouldn’t a company go for existing social platform (say from Google when it launches such a platform) rather than building their own? They shouldn’t. Absolutely not. Today, social networking has become a commodity. It is same everywhere. Most sites have standard features — personal page, login page, group page, etc. However, to have a compelling online experience you need to not only differ from competitors but also offer something more compelling. Social networking features need to be everywhere whether a productivity suite or an ecommerce tool. How is Google’s OpenSocial different from existing social networks? Today, OpenSocial mimics Facebook. I feel it should be called open widget. However, this is just the opening move of a chess game. This is not the end but the beginning. The beginning for Google was to identify a hole in Facebook’s strategy. Facebook was great when they opened their platform to developers in May. The site was immediately flooded with several interesting apps. However, in the end Facebook is another closed system. They lockin their customers. In the end, it only works when you go to them.

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You can sell your skills online

You could be a chef, unemployed or studying — if you’re skilled in web developing, programming, graphic designing, audio visuals or any IT/ITeS solutions, register yourself on the net and offer your services at your price. You might want to log on to http://www.camsee.com, an initiative by Irishman Kenny Darcy who’s just launched his free service in Bangalore. The site allows you to register yourself and market your USP. And you’re on the receiving end to avail services, contact your preferred client by making an hourly payment through PayPal. It could be done through credit card in the near future and that’s when the revenue model will come into place. It may remind you of Sabeer Bhatia’s http://www.arzoo.com which for several reasons, didn’t click. “The site is particularly useful for those who are skilled but don’t have the degree to be associated with any organisations,” says Kenny. The site also offers you to add 12 skills to your profile and rate them, show the hourly rate you charge per specific skill, link directly to your own website or YouTube or my-Space entries. A bartender-turned-photographer-turned-IT freak, Kenny developed this site keeping in mind the changing work scenario throughout the world. “The logical step after outsourcing is providing essential services to clients at their doorstep hassle-free,” he says. He’s waiting for camsee to catch up before he charges a penny for every transaction. He has already registered two domain names ‘adminsee.com’ and ‘legalsee.com’ which will give administrative and legal services on the same line as camsee.
Similar sites are http://www.Rentacoder.com

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GoToMyPC: http://www.gotomypc.com

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Business Process Outsourcing aka BPO

1. What is business process outsourcing? Business process outsourcing otherwise know as BPO is the process of leveraging technology vendors in various third world or developing nations for doing a job which was once the responsibility of the enterprise. Or simply put, it is the process of shifting an internal job process to an outside/external company which might have a completely different geographical location.Generally the processes being outsourcing as part of BPO are backend jobs like call/help centers, medical transcription, billing, payroll processing, data entry and the like. Most of these jobs are outsourcing by first world nations like USA and UK to third world nations like India, Philippines, China, Malaysia and some eastern European countries.These nations have a good pool of English speaking youth who receive accent and job related training before they are inducted at a salary which is much lesser than what their counterparts in first world nations would demand. This allows first world organizations to get higher profits and provide better services by lowering the prices and by recruiting more labor than they could possibly do otherwise. In addition to benefiting the first world nations, business process outsourcing has also benefited third world nations by generating much needed jobs. 2. Business Process Outsourcing (BPO) is the leveraging of technology or specialist process vendors to provide and manage an organization's critical and/or non-critical enterprise processes and applications. 3. The most common examples of BPO are call centers, human resources, accounting and payroll outsourcing. Business process outsourcing may involve the use of off-shore resources.4. Use of a BPO as opposed to an application service provider (ASP) usually also means that a certain amount of risk is transferred to the company that is running the process elements on behalf of the outsourcer5.PO includes the software, the process management, and the people to operate the service, while a typical ASP model includes only the provision of access to functionalities and features provided or 'served up' through the use of software, usually via web browser to the customer.6. Global Market by Industry Information Technology 43% Financial Services 17% Communication (Telecom) 16% Consumer Goods/ Services 15% Manufacturing 9% 7. Size of Global Outsourcing market200 USD$ 119 Billion 2005 USD$ 234 Billion 2008 (est.) USD$ 310 Billion 8. call centre employee costUSA US$ 19,000 annually Australia US$ 17,000 annually Philippines US$ 9,050 annually India US$ 7,500 annually


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Useful Money Making Websites

http://www.tradekey.com/

http://www.indianindustry.com

http://www.alibaba.com/

http://www.dozentips.com

http://flawlessbusiness.com

http://mikesmoneyclub.blogspot.com/

http://interwebcash.blogspot.com/

http://www.geocities.com/gopi2net

http://www.indiashomepage.com/

http://360.yahoo.com/sriramaifs

http://en.wikipedia.org/wiki/Business_process_outsourcing

http://www.bizbrim.com/outsourcing/

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