When people think of “making money online,” I think a lot of them have this vision in their head; That they are going to find sites that pay them a full-time wage. The reality is a bit different than what many people think. That’s why I’ve decide to quickly write this up. I’m going to talk about getting paid via websites vs starting an online business vs online jobs.
Starting An Online Business
Starting an online business is exactly what it sounds like; You start a business over the internet. There are a tons of examples I can provide. This includes running your own online store, doing affiliate marketing, freelancing your services, offering services via your website, selling your own products and so forth. You get the idea.
The Pros: First, you have more control over things. You decide how much you want to sell your products or services for, who you take on as clients, what changes you want to make to your website and how long you want to work for on any given day. The bottom line is the amount of control you’ll have is far greater than you’d have if you were working for someone else.
Secondly, the income potential is extremely good. Just like with any kind of business, an online business can generate a ton of money. Sure, you can launch and fail at dozens of online businesses, but that one idea could takeoff and make all those failed internet businesses worth it.
Third, starting an online business doesn’t have to require a ton of initial costs. In fact, you could easily start one for around $100 or even less. You really just need a domain name, hosting account and maybe some advertising dollars or money to have your site built out if you don’t want to do it yourself. Anyhow, starting an online business is very affordable.
In short, the main pros of starting an internet business are:
. Income potential
. Low startup Costs
The Cons: Running an online business isn’t all fun and games. For starters, it involves a ton of hard work. You have to be willing to put in a lot of work, which means long days and continuing to learn all the ropes.
Another con is you’re pretty much everything. You’re the owner, the marketer, the content creator and the list goes on and on. If you don’t want to obtain help with any aspect of your online business, then you are literally everything and everyone.
Also, there’s a certain degree of risk involved. This is the case with everything, but some of the risk includes the possibility of making no money at all. Many people don’t like that idea, so they don’t even get started in the first place.
In short, a few cons of starting an online business includes:
. Hard work is involved
. You’re in charged on everything
. Certain degree of risk
Costs: How much you’ll pay to launch an online business depends on so many different things. Whether or not you bring aboard help and the exact type of business you want to run will play a role. As previously mentioned, it can cost as little as $100 or even less than that; But, it can also run you in the upper 100s or a few thousand in some cases. One thing is for certain, and that is there’s a good chance you’ll need some sort of startup cash to start your business.
Sites That Pay You
When I say websites that pay you, I refer to sites like “take survey” sites, content mills, listen to music sites, revenue sharing sites and so forth. These are sites that pay you to complete a task of some sort.
The Pros: When you find legitimate sites that actually pay you to do things, the advantage (the obvious one) is you’ll have the chance to make money. There’s actually a ton of sites out there that pay, and if you check out my site regularly, then you might come across a few you’re interested in joining.
Another pro is that many of these sites have relatively easy tasks to complete. Whether it’s writing an article or doing a survey or transcribing, once you get the hang of how certain sites do things, then completing tasks shouldn’t be too difficult.
The Cons: There’s a few cons, such as the pay is generally low. Sure, there’s a lot of websites that do pay for you to do things, but a lot of the time the pay isn’t really that high.
And if the pay is decent, then there’s always the chance that the work you submit might be rejected. This isn’t the case with all sites, but if the site serves clients and you are the freelancer/person that provides the work, then there will likely be a chance that your work could be rejected.
Plus, the amount of work you have access to regularly depends on the website itself. If all of a sudden the sites you’ve joined have a dry-spell, then work won’t be steady. The same goes if they decided to bring aboard a bunch of other people to take on work coming through their site, if that makes sense.
Costs: One of the best things about using sites that pay you is they are free. This is one of the reasons people use them. When people want to make money online, but don’t want to spend a dime, then this is the route they are trying to take (in my opinion) when they start Googling “make money online.”
Online jobs are posted by companies looking to hire someone to work for them, but remotely. A good example of such companies that are always looking for people to work online/remotely include travel companies, SEO companies and companies that employ virtual assistants to name a few. These companies will typically give you a set wage.
The Pros: For starters, the amount of money you can make is great. There is huge potential to make decent cash regularly. Besides that, the work is remote. More and more companies are bringing aboard virtual workers (so to speak) and allowing workers to access work via their laptops.
Also, some companies are very flexible. They don’t care where you work, just as long as you are working within the set hours they give you and you are doing what you’re supposed to. You can be at a coffee shop or riding the train, as long as you’re doing your work, the company that hired you probably won’t care or even know where you are.
The Cons: You can be fired. An online job is a real job and the company can sack you for numerous reasons. Another con is the stress that comes along with it. A lot of people like the idea of working remotely, but they underestimate the amount of discipline required to do it. This can be very stressful.
Another con is that remote jobs are pretty tough to land. You can have all the skills and qualifications in the world, but you can bet you’ll be competing with many other job-seekers, especially if the job posting is seeking out remote workers to work online.
Costs: It’s free. Some companies might require a deposit if they hook you up with work equipment, but you should get that deposit back once you stop working for the company. Remember, real online jobs are regular jobs, therefore you shouldn’t pay a company to work for them.
Which One Should You Pursue
It all boils down to how much money you are hoping to make, the work you’re willing to put in and what your tolerance to risk is like. Personally, I think running your own online business is the way to go, followed by landing a position with a company that allows you to work online/remotely. Sure, there are a ton of sites that pay, but to make serious cash, your best bet is probably online business or work for a company.
It’s completely up to you which route you go down. Try all of them, as that’s how you’ll really find out for yourself which is the best choice. Whatever you pursue, do your best to make things work.