Top 5 Ways to Make Money on
the Internet

Top 5 Ways to Make Money on
the Internet: 1: Domain Name
Flipping
1: Domain Name Flipping
Based on luck, strategy and
business savvy, domain name
flipping can be one of the more
lucrative ways to earn a living
online. The term comes from the
real estate trick that involves
buying old, undervalued houses,
fixing them up to make them
more attractive and modern-
looking and selling them for a
much higher price.
In this case, the old and
outdated place is not a house,
but rather a domain name -- the
main address for a Web page.
With a little bit of searching,
dedicated domain flippers locate
unused, poorly maintained Web
sites that have generic and
recognizable identifiers and buy
them. They usually pay a few
hundred or even a few thousand
dollars, but after extensive
updates that make the site more
business- and user-friendly, the
domain name can fetch several
times more than it was originally
worth. The domain bird-
cage.com, for instance, was
bought for a mere $1,800 in
2005 -- after a redesign two
years later, the site was sold for
$173,000 to a bird cage vendor
[source: Bhattarai].


2: Freelancing
Freelancing is similar in some
ways to blogging. For one thing,
you get to work from your own
home or office most of the time.
But there are a few important
distinctions. First, if you're
thinking about freelance writing,
chances are you need to have
more experience than the
average blogger. Many freelance
writing positions cover specialized
topics for online publications and
may require expert knowledge
on a subject. However, if you're
passionate about things like
travel or food and know how to
write, a freelancing job can
provide you with good income.
Writing's not the only way to
make money freelancing, of
course -- anyone with graphic
design or programming
experience can find contract jobs
that pay well and provide
challenging work, too.