10 Ways To Become An Internet Entrepreneur

This Guest Post was contributed by Anna Bailey from – www.CreditDonkey.com

Becoming and Internet Entrepreneur isn’t for everyone. While being your own boss sounds great to almost everyone at some time in their lives, the truth is that being an entrepreneur is hard work. You have to motivate yourself to work, and you have to deal with tricky financial issues like paying self-employment taxes. However, don’t let this discourage you if you really have a dream of being an Internet Entrepreneur.Become an internet entrepreneur

There are tons of opportunities out there for making money online. Some are just part-time for extra income, but plenty of people make their entire living off of the internet. It’s certainly not impossible if you have the right opportunities. If you’re ready to become an internet entrepreneur but aren’t yet sure how to go about it, here are 10 ideas to get you started.

 

1. Become a Freelancer

These days, opportunities for freelance workers are greater than ever before. As businesses try to cut back on their expenses, one of the best ways for them to do that is to hire freelancers. They don’t take up office space, and they don’t require benefits or paid time off. So even if a freelancer’s hourly or per-project rate is higher than what a business would pay an employee, the business is still saving money.

When people say freelancer, they often automatically assume that the freelancer is a writer. This is often the case, but not always. On websites like Elance.com, you can actually find freelance jobs for everything from web writing to editing to web design to translation to consulting. If you already have the skills to do these jobs, you can certainly make a good living by freelancing if you just start small and build up a great reputation and client base.

 

2. Create an Information-Based Website

Many people who make the most money online are what are known as Infopreneurs. They aren’t out there selling products or services. They’re just providing information. Many of the websites you use every day, in fact, are probably put together by people who are just out on the web providing information.

So how do they make money if they aren’t really selling anything? Mainly through ads. This is why websites are often plastered with Google ads and a few larger color ads. Every time someone clicks on these ads, the website’s owner gets money from the advertiser. Even though payments are generally in cents instead of dollars, you can still make quite a bit of money with a website that draws lots of visitors.

 

3. Make and Sell e-Products

e-Products are things like podcasts and e-books that people buy to learn about different things. If you already have expertise in a certain area and think other people would want to know about that, you can create e-products to sell. Think about businesses you’ve been a part of or hobbies you’ve worked on for a while, and you can probably think of a topic around which to center an e-product.

To sell these products, you can get other people to sell them for an affiliate fee, or you can use networks like Clickbank to sell them for you. Another option is to use an information-based website to actually sell your product, which allows you to get revenue from both ads on the site and your own products.

 

4. Sell Items on eBay

This type of internet entrepreneurship involves more out-of-the-home work than other types, since you aren’t strictly working with online based products. However, if you like finding great bargains at garage sales and on Craigslist, this might be a great option for you. Many people will go to garage sales and estate sales all the time. There, they pick up items that they know they can sell for more on eBay.

This can work well if you know about specific niches like antiques or name brand clothing. Research what items are going for on eBay, and make sure you’re making money on at least most of the items you buy. You may be surprised how fun and interesting this type of internet entrepreneurship can be.

 

5. Sell Your Own Arts and Crafts

If you already have a crafty hobby that you’re great at, you can sell your arts and crafts online. Sites like Etsy.com promote handmade items from sellers around the world. Because handmade, unique items are becoming popular in every category from home artwork to wedding paraphernalia to children’s clothes, most crafts can be successfully sold online.

This is a pretty competitive niche, so you’ve got to have a great product and be willing to keep dumping profits back into your business for a while. Successful Etsy sellers, though, do nothing but sell their products and make a full-time living doing what they love!

 

6. Check Out Online Surveys

If you just want to make a bit of extra cash online in your spare time, start answering surveys. There are lots of companies out there that will pay you to help them research products and services by taking surveys. You can make anywhere from a buck to five or ten dollars per survey.

One thing to think about with this is that you should never pay to join a survey site. There are lots of free places you can sign up to get into surveys, including Cash Crate. Once you sign up, they’ll just send you certain surveys, and you’ll normally get paid through a service like PayPal.

 

7. Become a Consultant

Consulting businesses are similar to freelancing businesses. Instead of providing services or products, though, these businesses are actually providing expertise. If you’ve got plenty of knowledge and experience in industries like engineering or technology, you could make a great deal of money as a consultant. Companies who need engineering knowledge, for instance, but who can’t afford to hire a full-time engineer may call you once in a while to ask for your advice or input.

Becoming a consultant requires that you have lots of industry experience and knowledge. You’ll also probably want to spend time networking to pick up jobs, and you’ll want to design or have someone else design a website for you so that people can easily find you online.

 

8. Be a Virtual Assistant

Again, virtual assistants are similar to freelancers, but their services are a bit different. If you have experience or training as an executive or administrative assistant, you can use your services to create your own freelancing business. You’ll need to be organized, and you’ll likely work with more than one client. However, if you’ve already got the training, this can be a great way to get started.

Check out places like Elance.com and VirtualAssistantStartup to figure out how to get started as a virtual assistant. This can be a great work from home job for part-time or full-time income.

 

9. Become an Affiliate Marketer

Affiliate marketing is another way for a blog or website to make money. As an affiliate marketer, you basically promote the products or services of another company or individual. Each time someone buys or fills out a form to seriously consider those products or services, you’ll get paid.

Affiliate marketing with sites like Amazon is pretty easy, since you can just advertise their products on your website. For instance, if you had a website about planning birthday parties, you could suggest certain products that your readers might like for a themed birthday party. If they ordered those products, you’d get a cut of the profits or a set price, depending on the arrangement. To be a successful affiliate marketer, though, you first have to have a blog or website that’s drawing-in at least some traffic!

 

10. Start an e-commerce Site

If you already have some commercial business experience, you could put it to work with an e-commerce site. Basically, you’ll buy popular items wholesale and drive traffic to your site so you can sell those products at retail. If you don’t have a ton of space to store items, you can pay for a drop shipping service, which can store and ship items for you.

An e-commerce site is only successful if you get traffic to your website, so having an informational, good-looking website is very important here. Once you get it going, though, an e-commerce website can be a great way to make a full-time income on a part-time work schedule.

 

Mastermind: Which Internet Entrepreneur category do you fall under or which appeals more to you? If you’re category is not listed, can you share more about your Industry and what makes it special?

20 Responses to “10 Ways To Become An Internet Entrepreneur”

  1. Hector – another great article. As you probably know by now I do a little bit of infopreneurship and but the idea of creating and selling my own digital products seems appealing to me. Do you have have an suggestions on how and where I should start to do something like that?

    • Hector says:

      Hey Jeremy!

      Thanks for your comment. Anna definitely did a great job on breaking these down.

      I definitely plan to create and sell my own product(s) online as well. As far as the HOW, that all depends on what you plan to create. Are you thinking about developing a book, video, audio series?

      If you are thinking about creating any of these you can always have your product(s) sold through sites like eJunkie or clickbank.

      Personally, I havent tried either because i have yet to create my own products to sell but those seem to be the favorites for some of the guys that I know do sell their products online.

  2. CreditDonkey says:

    Depending on what digital product you had in mind, Amazon Marketplace might be a great avenue to check out.
    CreditDonkey recently posted..Top 7 Business Credit Card Myths

  3. Jayne Kopp says:

    Hi Hector… I made it! WOW you certainly provided enough suggestions for just about anybody! The only suggestion that really turns me off is the online surveys….I tried that about 4 years ago and was left with nothing but an email full of spam! ha ha

    I do believe almost everybody has something they can do and with the internet being so full of opportunity… there is really no excuse… that is of course if they really want to make changes!

    Great site you have here… I will enjoy snooping! Great to be in touch!

    Jayne
    Jayne Kopp recently posted..The Best Way to Make Money Online and a Wee Apology

    • Hector says:

      Hi Jayne!

      Thanks for taking the time to comment and welcome to Internet Entrepreneur Connection. Glad you like the site.

      There is definitely a lot of opportunities for people to offer their products or services to their market base via the Internet. The only thing that is takes is a desire to want to create a change in people and a self-made resolve.

      Hope your mailbox is SPAM free now :) Hope to see you around here more often Jayne!

  4. Stephanie says:

    This was a great article – it’s nice to see all of the options out there! I’m a big fan of Tim Ferriss (4 Hour Work Week) and Pat Flynn (Smart Passive Income), who have both inspired me to become an entrepreneur.

    In the past year, I’ve done 6, 9, and 10. For #6, I answer surveys at e-rewards and I am basically “paid” in Virgin Atlantic miles because I fly to London a lot. I get about 4,000 miles a year- not gonna help me quit my day job but it’s a nice bonus and I have fun answering the surveys.

    I’ve tried #9, but haven’t had much success with it. Not sure if I’m not doing it right or not, but this just hasn’t been the path for me.

    My biggest success has been doing #10 – I started my own e-commerce site Replacement Lens Express about a year ago and it has made me about $12,000 in (fairly) passive income and is growing stronger and stronger every month. The biggest challenge is driving traffic to my site and replying to customers. I know I will eventually hire a virtual assistant to deal with all of this once it gets bigger, but for now I’m doing everything on my own.

    One of my proudest moments in the past year has been receiving an Entrepreneurship Award for my business. It was such an exciting night of mingling with other entrepreneurs, sharing ideas, listening, learning, etc. You can see photos of me at the award ceremony on my homepage – check it out at http://www.replacementlensexpress.com!

    • Hector says:

      Wow – Stephanie!

      That’s awesome! It sounds like you definitely have the determination and will to become a successful Internet Entrepreneur.

      You didn’t let your misfortune in your past business endeavors stiffen your entrepreneurial drive and look at you now – a proud owner of a growing e-commerce site. You would definitely make Pat proud!

      I cant wait to hear about your future success as an Internet Entrepreneur because I know that you’re definitely going to grow your internet presence. Of course, it may take some time and a lot of more hard work but you definitely have something that is worth working hard for.

      You have a great site over at Replacement Lens Express! Let’s keep in touch. Thanks for stopping by Stephanie!

  5. Hey Hector, I guess I’m doing #2, #3 and #7, with #7 bringing in most of the income at the moment.

    I think an important thing for people to do before starting as an entrepreneur is identify a customer, and value that can be offered. Starting with a business model first can be a very challenging road!
    Danny @ Firepole Marketing recently posted..Honesty and Asking for Help

  6. Hector says:

    Couldn’t agree more with you Danny.

    I think many aspiring Internet Entrepreneurs make the mistake of thinking of a product or service first.

    They mastermind and they think about what they want to offer to people without first identifying who their customer is going to be and whether or not there is even a market for their product or service.

    I write an article about this titeled
    The Best Internet Entrepreneurs Identify Their Customers
    .

    What kind of consulting do you do Danny?

  7. Peter Hutyr says:

    Hector this is cool. Anna Bailey must brought us the right info here. I’m an internet entrepreneur too and I really liked the tips you gave here. I read through the post and I have discovered that am currently actively participating in number 1,3,7,9 and 10. Am also in need to try the others especially #2 when my I have stabilized my other now projects.

    I am building my online empire slowly and I believe I will become a great internet entrepreneur in the near future.

    -Peter Hutyr
    Peter Hutyr recently posted..5 Steps To Affiliate Marketing Fortunes

  8. Hector says:

    Hi Peter

    Thanks for taking the time to share your feedback and welcome to Internet Entrepreneur Connection!

    Anna definitely did a good job in breaking all of these down and in sharing her unique perspective on what makes each of these a good option.

    Congratulation on becoming an Internet Entrepreneur. It’s pretty impressive that you are involved in so many of the categories above.

    If you’re not already keep making progress and making strives forward and you’ll definitely become a successful Internet Entrepreneur.

    I hope to see you around more often Peter!

  9. Stuart says:

    Hector, this was a great read! Thanks for bringing Anna to us, she had a lot of brilliant information here, which we can all find some use out of.

    I’m doing the eBay thing already, or rather, I used to. I’ve found that Amazon Marketplace has become a much more productive place for me to sell my wares, which is unwanted books/CDs/DVDs/video games. I’ve made at least £200 out of Amazon over the months, and cleared out clutter from my room in the process.

    I do plan on making more money online, ideally at a faster rate, so these will prove to be very useful. Making money online will become the ‘modus operandi’ of the future, so it’s worth knowing how to do it :-)
    Stuart recently posted..Unlock The Elevation- Interview With Bryan Thompson

  10. Hector says:

    Stu thanks for the comment man! Always great to have you here!

    Anna definitely did a great job in breaking these down and from some of the comments above it looks like many people have already gotten to work on some of Anna’s suggestions.

    Glad to hear of the future plans!

  11. Rory Mullen says:

    Very good information for perspective online money earners.

    With the options you have provided above, what is your opinion on tracking progress with each different option for making money. I am interested at diversifying my blogging presence with more freelance, but I want to see solid earnings first before I get side tracked.

    Currently I am using options, 1,2,3,8,9,and 10
    Rory Mullen recently posted..Keyword And Niche Research Start Working Online

  12. Hector says:

    Hi Rory

    Thanks for your comment and welcome to Internet Entrepreneur Connection!

    It’s great to see that you have your hands in a lot of the money making options for Internet Entrepreneurs. How long have you been an Internet Entrepreneur?

    The reason I ask is because one of the mistakes that I see a lot of newer Interne Entrepreneurs make is that they want to establish as many income streams as possible without first mastering 1.

    These entrepreneurs usually are so busy trying to make money in every single way possible that they usually tire themselves out, decided making money on the interne id not possible and quit before they unlock their fullest potential as Internet Entrepreneurs.

    Now, I am by no mean implying that this is what you are doing? In, that’s whY I asked how long you had been an Internet Entrepreneur but if you do have less than 1-2 years and are not making any significant income in one of the income streams mentioned above, try concentrating on one and mastering it before you move on to the next.

    For example, if you feel that you can become a great freelancer designing web media or writing article for others, establish yourself as a freelancer in your niche and build up a good size client base first. Provide exceptional service and value and then move on to build a second income stream leveraging the clients you established in your first income stream.
    And then the next and the next and the next!

    That’s the way to build a great long term business strategy! Remember, the hunter who chases all the rabbits at the same time, catches none.

    I hope this helped Rory! I look forward to seeing you around more!

  13. great post Anna, we can do different things to be on the right path to become an internet entrepreneur.
    fazal mayar | make money online recently posted..World’s Top 10 Most Expensive Domain Names Ever Sold

  14. Hey Hector, cool post … all those entrepreneurial streams can definitively land you some quality cash.
    I feel like ad revenue and affiliate marketing are great choices, although in any of those income streams lies a tough journey that should not be overlooked.
    Vitaly Tennant recently posted..2 Billion Dollar Home

  15. Hector says:

    Hey Vitaly

    Thanks for taking the time to share your thoughts and welcome to Internet Entrepreneur Connection.

    You definitely have a point there. I am willing to take a step further and say that in any entrepreneurial venture lies a tough and unpredictable journey full of obstacles and sacrifices.

    I think the words obstacles and sacrifices have gotten a bad rap. Personally, I think it’s a privilege to be able to go through the entrepreneurial journey.

    Yes, it’s tough but I prefer to see challenges and sacrifices as opportunities to learn and to grow as an entrepreneur.

    Obviously, the more you learn and the more you grow the faster you arrive at your destination!

    But I definitely get were you are coming from, Vitaly! Thanks again for the comment and I hope to see you around more often.

    Are you an Internet Entrepreneur? If so, what niche/industry are you in?

  16. Frank says:

    Hector,

    Thanks for this list as this was something I have been aggressively looking into over the last few days. I always wondered what all opportunites existed. Now all I have to do is spend my time diversifing my portfolio of e-money and hopefully create an abundance of opportunities for myself. Thanks for the great list.
    Frank recently posted..When it’s over! When it’s done! When the Beat Cease to Play…

  17. Gbemisola says:

    Hi Hector , since I joined you on this connection it has been wonderful. I market households appliances in Africa how do I begin to move my products through the internets.Thanks

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