When it comes to making money online, you’re certainly going to want to employ the fastest and most efficient methods. After all, you certainly aren’t trying to go back to your day job! So, let’s have a look at the Top 10 ways to make money safely, easily, and quickly online in 2014.

Ebay

Ebay is perhaps the oldest “tried and true” method of selling stuff for a profit over the Internet. It may be your old junk which you’ve held on to until it’s become antique, or it may be a new line of products which you’ve developed yourself.

Regardless, it’s easy enough to get listed on the site as a seller. Just log on to the site, get an account, and follow the easy instructions. Once you have an account, you’ll have to decide whether to sell your items at auction to the highest bidder, or at a fixed price for immediate sale. There are other fees that apply to Ebay sellers (listing fees, value fees deducted from the final sale of the item, Paypal fees), so be sure that the value of the items you sell is high enough to justify the cost of using Ebay as your primary venue.

Etsy

If you have a talent for creating hand crafted items, Etsy is the place for you. It’s basically the Ebay for knitters, crafters, and knick knack makers! It’s easy to set up a seller’s account on the site. Once you do, you’ll set up your own store on the site, and will be asked to put up at least 5 items for sale. Like Ebay, it really doesn’t take that long to build up a reputation as a quality seller with good customer service skills (prompt delivery, courteous interaction with your buyers, etc.).

Alibaba

Alibaba is currently the largest online venue for trade on a truly global scale. It bills itself as a world authority for online imports and exports. Think of the former World Trade Center (Twin Towers) transferred to the Internet, and you’ll get the general idea. Once you get a user name and password, you’ll want to surf around the site and get familiar with the rules of listing and selling your products. Alibaba hosts an excellent in-house promotional network, where you can “meet and greet” with potential buyers and sellers and promote your own business.

Once you have a product listed on Alibaba, the best way to promote is to display them free on the site (you can list up to 50 at a time). You can also use the site to check the Buying Leads, which is the best way to search the site for potential buyers of your products. These Buying Leads are basically “want ads” that let potential sellers know what products the buyer is searching for. It’s an excellent way for buyers and sellers to connect.

Craigslist

If you really want to keep things “old school”, you can sell your items or services directly to the public using direct marketing sites such as Craigslist.com. There’s absolutely no middle man, which can be a double edged sword. Craigslist doesn’t charge a fee to use their site, but they also don’t supervise or protect your interaction with your customer. So, if you’re selling a product or service which involves you delivering directly to the customer in person, it’s best to use caution and common sense.

On the other hand, as noted above, Craiglist is an excellent method by which to advertise your goods, especially if you prefer to keep your activity purely local.

Write An E-book

This is the item on the list that may be the hardest to pull off if you don’t fancy yourself a natural salesperson. Regardless, writing a fully detailed, descriptive, and attractive e-book isn’t really as hard as it’s cracked up to be. There are plenty of tutorials on the Internet that will help you sort out the technical aspects of creating an e-book and finding the appropriate platform to host it on.

However, the hard part is actually writing the darned thing! Take a deep breath, concentrate, and visualize in your mind exactly what your product or service is, and then describe it to yourself in exactly the terms that would convince YOU to buy it. Make it look as attractive and essential as possible, and take care to describe it in full detail.

This is your chance to promote your product exactly the way you feel it deserves to be, with no middle man. A successful e-book is like a brochure that describes to the customer exactly what they are getting. And, remember, they will call you on any detail that doesn’t match up with your description, so keep it accurate and truthful!

Fiverr.com

Fiverr is the website where goods and services are sold at $5 a pop. The simplicity of this proposition is staggering: At one blow, all of the tricky negotiating, haggling, and worrying over whether you’re charging too much or paying too much is history! Everything on the site is $5, and that’s that.

Fiverr accommodates all manner of goods and services, but its chief value is for users who work from home. For example, if you are a freelance writer, you can advertise your services for $5 an article. Likewise, an editor can review articles for $5 a pop. The average length of time it takes to decide to purchase goods or services on the site is 30 seconds!

Blogging

Blogging is another old fashioned, but tried and true, method of making money (not necessarily fast money!) online. For example, if you are selling a health loss supplement such as Garcinia Cambogia, you should certainly have an online blog where you trumpet the various benefits of using this product. At the same time, you should be allying with other vendors who offer similar products. For example, if you know someone who sells a great weight loss drink, you should be sharing links with that individual to encourage crossover between your blogs.

Google AdSense

There are other ways to maximize your blog for monetary gain. Getting Google AdSense on your blog is an excellent idea. This basically puts a few small ads on your blog, and affords you a small royalty every time someone “clicks through” to their site of origin. It’s a small, but steady, income, depending on the size of your audience and their willingness to randomly click on ads.

Affiliate Programs

Another, somewhat sneakier way, to bang a few bucks out of your blog is to partner up with a site like Amazon.com and get onto their Affiliate Program. For example, let’s say that you have a record reviews blog where you review all of your favorite music and invite readers to leave their own feedback and opinions. With every daily post of a new review that you make, you post a picture of the cover of the album you are featuring that day.

Underneath the cover photo, you can install a link that goes to that album’s listing on Amazon.com. Every time someone clicks on that photo, goes to Amazon, and buys that album, you’ll get a small cut of the sale. Pretty sweet, huh? It may not bring in a shower of money, but if you post enough of these “stealth” sites, you may just begin to see a pretty significant aggregate from all of them put together.

Join A Content Writing Site

If you possess good creative writing skills, there are literally hundreds of sites, such as Textbroker, that will pay you to write articles that serve as content on websites. The subjects can range from writing product descriptions for auto parts to detailed synopses of dental procedures, and all points in between. Many political and historical sites will pay good money to get “opinion pieces” from writers who can quickly adopt a position and stick with it through the course of a 500 or 1000 word article. If you’re in need of fast cash, this is an excellent avenue to pursue. Google “Content Writing Online” and browse around the various opportunities on offer.

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As young people we tend to not consider how much we are spending before it is too late.  We have all gone on to our bank’s online banking and shocked by the account balance; as it is often much lower than we anticipated.  This is an awful feeling that can be avoided if we have a budget set up.  Budgeting is not only important for avoiding overdraft fees but also to have money set aside to pay for bills and mandatory spending.  Budgeting can be difficult especially if you are out with friends.  Your money count can easily get away from you and soon you could be overspending and not following your budget.  Here are some ways to stick with your budget.

Use software such as Quicken.  There are quite a few online options that you can use such as Quicken that are designed to keep track of your spending and give you reminders on your current budget situation and helping you stay on track.  There are quite a few different ones such as Mint.com that can also be done on your mobile phone.  Doing some research can tell you what your best option is for your situation.

Make a list of things you like to do that do not cost money.  Another great way to save yourself from overspending is by making a list of things you like to do that are free.  That way when you are feeling the urge to spend money you have a visual that can help you try something a little more economical.  Your list can consist of anything from exercising to watching tv to reading a book.  The possibilities are endless but they can save you a pretty penny.

Negotiating with yourself.  Sometimes it can be hard to stick to your budget.  For instance maybe you allow yourself $200 for food and $100 for fun and you really want to go on a trip that is going to cost you $150.  Despite going over budget on fun you can still stay on track overall if you deduct $50 from food costs.  What you must do is weigh your options and make a pros and cons list that will help you make good decisions when it comes to negotiating with yourself.

Salvaging your budget when it goes south.  Sometimes you may be over budget in an overall sense and it can be hard to getting back to even and saving a month from overspending.  One thing that you can do is to round up old items that you no longer want and selling them on eBay or another similar site.  That way you will be able to gain a little money back if in the event that you go over your allowed amount.  If you have a job, see if you can pick up some overtime that week.

Keeping a budget and sticking to it can be a difficult task but an important one.  You must have a backup plan to have in the event that you overspend and even a plan to avoid overspending would be ideal as well.  Being able to negotiate with yourself is important part of keeping a budget. Knowing your limits is important so make a plan and stick with it.

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Before you get a credit card you should consider the risks that can be involved, especially if you do not have a lot of income.  There are quite a few things you need to consider before you go and sign up for a credit card, otherwise you could be setting yourself up for failure and hurting your credit score.  Not to mention reversing credit score damage can take years and years making you pay higher interest along the way simply because you did not consider the risks of credit before enrolling.

Credit is not free money. Often when someone gets a credit card for the first time they feel as though they have “free money” because there is no immediate payment for your purchases.  Next thing you know they are racking up quite a balance that they can not afford to pay off.  Now those purchases that you paid for are costing you more because of the interest they are adding up due to not paying off your balance.

Monitor your credit score. Many people have credit cards opened in their name and don’t even know it. It is very hard to know if someone has stolen your identity and racking up credit on your behalf, unless you monitor your credit. I am signed up for a credit monitoring service that will alert me when anything changes on my report. If my score or a new card is opened, it will let me know so that I can take action and make sure my credit isn’t ruined for life. I highly recommend checking your report every once in a while just to make sure you aren’t being taken advantage of. If you want to use the same agency I do, then check out IdentityForce.

High interest rate.  Before you sign up for a credit card, take a look at the interest rate that will be charged if you do not pay off your balance.  This is often overlooked for new credit card holders because they either do not understand when interest will be paid or they believe they will be able to pay off their balance every cycle.  Regardless of your situation you need to still look at the interest rate.  Do not get pulled into a card for its “rewards” if it charges a hefty interest rate.  Most of the time, the rewards are not worth the risk.

Annual fee and misc fees.  Today’s world of credit it is very common to see many no annual fee credit cards.  These are the cards that you should apply for.  If the card you are interested in charges an annual fee it may be worth exploring other cards.  Aside from an annual fee it is good to look at the other fees they charge because you do not want to be blindsided by a fee that could have been avoided if you did some basic research.  Miscellaneous fees could be denied payment fee, returned check fee, foreign transaction, and even worse, reward redemption fee.  If you are being charges for redeeming your rewards, look for another card.

Before getting your first credit card or a new credit card it is best to do some basic research and fully understanding what you are getting yourself into.  Credit companies are infamous for hidden fees that can add up to make a big difference. Don’t be another casualty, read the fee structure of the card and make sure you are not ripping yourself off.  Remember, credit cards are not free money and they can come back to bite you if you are not careful and considerate of the risks that are involved.  Your financial future can be strongly decided by actions that you do today, be cautious.

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What You Need to Know Before Becoming a Day Trader

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You see it everywhere, “read how I made $100,000 day trading”.  Naturally, this peak your interest into researching more into day trading.  For those of you who do not know what day trading is, its trading stocks or currency within a day to catch a large upward or downward movement.  Seems simple enough right? Wrong.  [...]

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Top 5 Personal Finance Apps

April 25, 2012

These days there is an app for almost every aspect of our lives, some are helpful and some are just for entertainment.  Chances are you already know the entertainment apps but not many of the personal finance apps that could help you in different aspects of your finances.  Here is a list of five of [...]

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