Matched Gambling

This is something I had to think hard about before including in this section. It’s not free from risks so its vital you do extra research first.

This money making method is all about taking advantage of the offers betting sites run to encourage new players, usually involving free bets, and the fact different bookmakers offer different odds.

In some circumstances, by betting on all outcomes you guarantee a profit, whatever the outcome. However, this is complex and dangerous, and this method may not be for every one.

Don’t ever contemplate trying this method until you’ve done more detailed research.

Here are the key points:

With time and care, it’s possible to make $1,000s throughout the year. Please don’t go for it if you’re desperate for cash. This is only for those with patience and who aren’t under money pressure. Otherwise, you’ll end up drawn into real gambling – and losing

Developing and Marketing your own products

One of the most rewarding methods of internet marketing is developing and marketing your own products.   By doing this, you will be able to produce a product which others can purchase and use.

Creating a product is not always the easiest thing to do but it is always a way to market something within a niche that you may be very good at. Creating a product really depends on the audience and whether or not it will sell.

To do this a little bit of market research is required before you begin working on creating your product.   First check the market to see whether or not it exists already.

If so, then you have two options, make your own product and compete or understand the existing product and expand on it as an additional product which could be marketed.

If the product does not yet exist, it may be a sign that you are able to make money off of the idea.   Make sure before you start that there is indeed a demand for the product you wish to develop and market.

Once your research has been concluded and you can safely proceed with creation of a product which may fair well in the market, you need to then research your product and find out everything that you need to offer with your product in order to make it sell.

Look for similar products on the market and understand how much people will be willing to pay for it.   Make sure it is worth your effort to create the product and attempt selling it before you actually take the time to do so.   If you are simply interested in selling a new product, one of the best things that you could do is purchase a project from someone else and market it for yourself.   This option requires that you have money to invest in such an option though.

You can always think about joint ventures as well.   This is a partnership in which you could create a product in conjunction with another creator, designer or other entity and then market it getting your fair shares of the profits.

Swagbucks

There is a website called Swagbucks which is a fun survey site that pays you for completing short online tasks in virtual cash – you can then exchange this for real money, Paypal credits or gift cards to spend at Amazon, M&S and more.

The various tasks include filling in polls, watching videos and searching using its page instead of Google – you can even play free online games.

Advertisers pay Swagbucks to publicise their wares or do market research, and the site passes a cut to you. The more dedicated you are, the more you earn, though every task pays a different amount.

How it works:

•After registering, you have 60 days to earn 849 Swagbucks. Each person then gets a further 1,698 points within 10 days – enough to redeem gift cards for M&S, Amazon and more (just go to the Rewards section to redeem).
•You could opt for PayPal credit instead, but you’ll get less bang for your (Swag)buck – a tenner’ll cost you 1,998 points.

How much can I make out of forum posting?

Typical earnings for this method is about $50 per month but its subject to how much time you put in to it.

Sell Old items

eBay usually pays best, yet if you want speed and ease, there’s a whole industry set up to help.

If you’ve unwanted gadgets, such as mobiles, cameras or MP3 players lying around the house, several firms will happily take the relegated beast off your hands.

Not only could this bag you $100s but, by not throwing it out with the rubbish, you’ll also be doing your bit for the environment.

How do gadget-buying companies work? The idea is simple. You go to the website, find your gadget and it’ll tell you what you can get for it. If you agree, it’ll send you a freepost bag. You then send the gadget to it (make sure you send it registered) and the cash will be transferred or you’ll receive a cheque. Some sites even arrange free collection for heavy items.

How much can I make out of forum posting?

This all depends on the device and the demand for it, but some of the higher-end handsets for example will easily net up to $300 may be even more. It only takes five minutes to check out what yours is worth.

Enter Online Contests

From cars to cash, 5-star holidays to hughstreet shop gift cards. It’s all about ‘comping’, a potentially profitable hobby for the lucky.

Comping’s about systematically sourcing and entering hundreds of the right contests, using web gadgets to fill out forms at speed, answer questions and help with tie-breakers. There are also sneaky ways to enter TV premium cellphone comps free via the web.

As an added bonus, most competitions are tax-free, so unlike other ways to boost your income, the taxman won’t get any.

How much can I make out of forum posting?

While big success isn’t certain, it does happen. You have got to be in it to win it.

Fiverr

Fiverr is a website where people sell lots of services at $5 a pop. People sell all sorts of things there – from advice giving to article writing and many things in between.

Browse through the site to get an idea of what people are offering. You can either offer the same things, create new “gigs”, or both.

For every “gig” you sell, you make $4 and Fiverr keeps $1. Some of the more popular gigs can easily earn you $100 or more a day.

In order for you to make money with Fiverr, here’s what to do:

1.Sign up for an account with Fiverr.

2.Click on “Start Selling”

3. Click on “Create First Gig”

4.Follow the instructions to create whatever gig you’d like

5.Wait for customers to accept your gig and do a great, timely job once they come.

Tip: For additional information, feel free to visit Foolproof Fiverr.

When you provide a service on fiverr.com the buyer actually pays $5 but you will receive only $4. They take a cut of 20% for their services. If you can provide 5 services a day on average, that’s $20 in earnings. If you work for 25 days a month, that’s $500 a month in earnings. As a single person working from home, this is very much possible. You can expand your business by hiring more employees and delivering more services.

$500 a month is Rs.25,000 a month and Rs.3 Lakhs a year. This is equal to the average starting salary in any IT company in India. (In 2008 my job offer in an IT firm was Rs.2.75 Lakhs/Annum – of course I never went for it). These figures are just a rough idea and making $1000 per month or more is very much possible if you have some creativity and consistency.

I have been using fiverr.com more as a buyer than seller and my primary earnings do not come from fiverr. So don’t ask me if I earn that much from them, I don’t. But I have enough experience to advice you on this topic.

Now let’s look into the whole process in more detail.

Step 1: Decide What You are Going to Sell

Usually freelance job networks only work on a model where the buyer posts a project with the estimate and requirements and service providers bid on the project. After the buyer is satisfied with one provider, he chooses (hires) him and work gets done, payment gets done.

Fiverr.com became popular because they turned the tables around. The first move is by the seller (or service provider, you!). You first post that you are ready to do this for $5 and then the buyer buys the service. This allowed for more creativity in the marketplace. People were offering strange and weird services and sometimes they were good value for more. Buyers found services that they would have never imagined were available and the whole eco system boomed.

The following image is a screenshot from the home page of fiverr.com where you can see services are being offered for $5.