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My Top 10 Methods To Make Money Online
By Yaro Starak 152 Comments March 25, 2011

The following article details my personal top 10 methods to make money from the Internet.

What makes this list unique is it’s based entirely on the methods I have personally used, so I can
reveal to you what I did and what my results were. Bear in mind these methods represent ten
years of working online, so I do not do all of them presently. At one point in my career however
they were an income stream, and are still viable options for you.

This is not an all inclusive list, which means there are plenty of other ways you can make money,
no doubt many of which are potentially much more profitable or better choices for your own
situation. As a result you shouldn’t base your decisions on what methods you use solely on this
list. Do your research and include this article as one resource.

This list isn’t strictly ordered based on my preferences from top to bottom. What I’ve done is
listed the different things I did in a chronology of time of when I did them. It’s no coincidence
however that as we get closer to the present (the end of the list), the more I personally like the
method, and hence still use it. Over the years I made changes to how I made money in order to
get closer to what I really wanted from my business.

What Is My Ideal Way To Make Money Online?
To help you understand what I was striving for, here are my main criteria when deciding what
methods I use to make money online with. Bear in mind certain options only became available as
a result of previous experience. Some things you can only do once you’ve done other things
because you build on what you have done before.

In a nutshell, this is the criteria I concluded are important to me -

Can you make a solid profit margin?

As you will see in a moment when I reveal my top ten methods, some income streams have very
slim margins, which means you must push through a lot of volume in order to make significant
income. While not always the case, in most situations to sell more requires more work, more
resources and generally more of everything, which results in violation of my next rule…

Can you maintain the income with minimal labour and/or is it easy to outsource?

I look for income streams that do not require significant amounts of work to maintain. If I need
to drastically increase the amount of product I sell or customers I attract to make good money,
and that requires more of my own time to achieve, or cannot be easily outsourced to others (it
often increases your labor just to organize outsourcers, so don’t assume outsourcing is a magic
solution), that’s not the method for me.

Is there potential to scale?

As per the previous point, often the logistics of growth makes a method unappealing to me,
however I do want the income streams I go after to have the potential to scale, and scale big.
This means if you do discover something that makes you money, the possibility to grow it to a
life changing amount of money is a reality, and you understand how this can happen.

Is there passive income potential?

In most cases I prefer something that is more potentially passive than potentially scalable.
Obviously it’s great to have everything, but given the choice I prefer income streams that just
work and can be automated so you can do other things. You have to be careful to manage your
desire to scale something with your desire to make it passive. Sometimes less is more because
less gives you freedom.

Can you create a sellable asset?
The final point is really important to me because I know that my interest tends to fluctuate. Every
five years or so I feel like moving on to something new and leaving my main project. In the case
of business, I want to ensure that there is a profitable exit strategy. The better you meet the
previous criteria (profit margin, automated, scaleable and passive), the more money you can
make when it is time to sell.

I Look For The “Holy Trinity” Income Method
I’ve written before about my quest for the holy trinity of a business model, one that delivers what
I consider the three most important outcomes from a business –

   1. You make significant PROFIT
   2. The income can be made as close to PASSIVE as possible
   3. You have PASSION about some aspect of the business

Or phrased another way, my business should enable the following -

   1. Consistent Income
   2. Free Time (thanks to income automation, business model simplicity or large capital
   3. Meaning and Purpose (development of your passion and reason for being on this planet)

So now you know my main criteria that has driven me to test different income streams over the
past decade. Now let me introduce you to exactly what those income streams are…

My Top 10 Ways To Make Money Online
1. Sell On Ebay
During my pre-teen and early teenage years I went from playing with Transformers, GI-Joe and
LEGO, to playing Nintendo, Sega and Gameboy. Eventually I added the card game Magic: The
Gathering to the mix at about 16 years of age. All of these things were passions for me at various
stages of growing up, but one thing remained consistent throughout each stage; I traded and sold
toys and games I no longer wanted to make extra cash.

In Brisbane where I live, before the Internet there was a newspaper called the Trading Post that
was published every two weeks. It was an aftermarket for pretty much everything. Whenever I
grew tired of a game or a toy I’d sell it via the Trading Post, usually in an effort to make enough
money to buy the new toy or game I had in my sights.

Eventually the Internet came along and the Trading Post no longer commanded the secondhand
market like it once did (though it did successfully transition online). It quickly became clear that
eBay was the winner when it came to secondhand commerce online. As a result my first
experience making any money from the Internet was selling old games, toys and electronics on
EBay is still I believe the best way to gain experience making money from the Internet for two
reasons -

   1. You are pretty much guaranteed to make some kind of sale and thus experience a
   2. EBay has the traffic, so you don’t have to worry about marketing your product beyond
      creating a good listing, the eye-balls are already there

These two reasons make eBay a great first stop because you will learn how to list something for
sale online, how to take money (possibly your first experience with PayPal) and about the
importance of things like titles and copywriting, if you spend the time to study how to make your
eBay listings convert better.

The best thing about eBay – the abundant traffic – is also the worst thing. Barriers to entry are
low on eBay, meaning competition is fierce. When competition is fierce, profit margin is slim.
Unless you can find some form of competitive advantage through your supply chain, how you
create listings, or you have a means to increase volume, you’re not going retire rich thanks to

I spent quite a bit of time studying eBay, both as a business model and as a means to capture new
customers because of how much buying traffic is there. There is no doubt that eBay is a fantastic
website that represents a huge potential to make money, but in my case I wasn’t keen to build my
business there, it didn’t match enough of my criteria.

However eBay is a fantastic way to make quick money, even just as a way to turn your old items
into cash to start a new online venture. If you’re brand new to Internet marketing and you don’t
know your PayPal’s from your Clickbanks, or your PPC from your SEO, eBay is definitely a
great place to learn some basics.

2. Sell products in forums, bulletin boards, classifieds and
other community type sites
The card game Magic: The Gathering was a big part of my life from the end of highschool to the
beginning of university. Although initially I was just a casual player and then tournament player,
I quickly became a card trader and really enjoyed the wheeling and dealing. Although my
interest in playing the game wained, most of my early projects online were connected with the

Before having my own website, I spent time reading websites, newsgroups, bulletin boards and
forums about the game, and eventually started trading online. Back before search engines were
any good most of my time was spent in particular Magic newsgroups, some that talked strategy,
and some that were focused specifically on trading and/or buying and selling cards.

I managed to make spare change selling my cards through these sites. The main reason I could
make any money was because I would win cards in tournaments, hence I had a supply source
that would result in a good profit margin. Of course this wasn’t sustainable unless I kept placing
well in tournaments, nor was it really scalable unless I started buying in cards from other

I stopped using this method once I started my own card game site (more on this below), however
I still believe niche collectables, particularly in a market that you really love, is a fantastic
starting point to gain experience making money online. Like eBay you can make money selling
secondhand items in community sites if you can find a way to source product at cost or below.
It’s not a model that has much margin so again the challenge is to scale if you want to make
significant profit.

3. Sell products from your own website
My first successful website was about the card game Magic: The Gathering. At first the site was
just a hobby with articles written by me and a few friends. Eventually as traffic grew I began
making some money with the site.

Since I was already a card trader it made sense that my Magic site have a Magic card store. At
first I stocked the website with my own cards, and eventually added retail “sealed” (unopened
packs of cards) by buying product at wholesale from a company in Sydney.

It was a very simple card shop made up of text listings of the cards I had for sale, the quantity
available and the cost per card or per pack. I maintained the inventory myself from my room,
sorting and listing cards online by hand using plain text. I didn’t use any software and most of
the payments I received back then was via check or money order in the mail. Some kids would
even send money and even coins (!) in the mail to pay for their purchase.

My business did well enough, although the manual labor was intense. Maintaining inventory
lists, packing cards into envelopes and daily trips to the post office was not always the most fun
way to spend my time, though I did enjoy having my own little business while in university.

Unfortunately my store was hit by credit card fraud when I foolishly sold a significant amount of
product to an unknown person in Thailand. This experience was enough for me to decide that I
had had enough of running a Magic shop and it was time to move on. You can read about the
credit card fraud experience here – Yaro Starak Timeline – Part 2

Selling Products Online Is A Big Opportunity
My first three experiences of making money from the Internet all involve some kind of physical
product. Online commerce obviously represents a huge opportunity to make money online, and
having your own product or a passion for a product that you can source can lead to big profits.

You can sell product from your own website store, via community sites and classifieds (like
Craigslist) and of course eBay and collectively make good money. The challenge, like with any
business, is defining what is your competitive advantage and can you come up with a model that
meets your needs. For me selling physical product was a great proving ground, but I eventually
learned that profiting from information was a preferable model if I wanted to meet my
aforementioned business goals.

I’ll leave it in your hands to decide whether physical commerce is the way to go for your

4. Sponsorship advertising on a content site
Once my card game site was successful I began researching how to make money from it. I sold
cards initially because I already knew there was a market for that and I had the cards, but I was
also aware that if I had an audience I could charge sponsors money to advertise to them.

Thus began my love affair with banner advertising.

Although challenging at times to find sponsors, I was quickly able to bring in several hundred
dollars per month in advertising revenue by directly approaching online companies who I
considered good targets for my readership. I emailed them and asked if they would like to pay a
monthly fee to place a banner on my site. Most said no, but some said yes and eventually I had a
couple of loyal sponsors.

Banner income would prove very reliable over time as long as I continued to do whatever I did to
maintain and build a readership. This has continued today, where several sponsors pay a fee to
advertise their products and services to you, the reader of this website.

Banner advertising, when set up using a system like I presently use, can be very hands off – in
fact for me it’s entirely passive – assuming there is an audience that the sponsors benefit from
advertising to. It’s difficult to make loads and loads of money just from banners unless you have
significant traffic, but it is easy enough to make some money from it and once you do, it
generally proves very reliable unless you stop updating your website.

I’d recommend this method to you if you have some kind of content based site or a community
site that attracts enough traffic to make it worthwhile for sponsors. The best thing about banners
is that they don’t have to replace any other income method you use, you can use this income
stream in tandem with others.

5. Sell services you provide personally
At one stage early in my career when my online income wasn’t consistent, I was part of a
business grant program run by the Australian government designed to assist entrepreneurs with
money to pay for life’s necessities so you can focus on growing your business. The idea is that
when your business is successful you will eventually hire people and pay taxes, thus the
government reaps a return on the investment.
The grant ran for 12 months and I was under the assumption (incorrectly) that I had to show
consistent income growth in order to maintain my qualification for the program. My income at
the time always suffered a downturn around Christmas/Summer in Australia. To combat this
problem I decided to teach English face-to-face with people in Brisbane to hopefully boost my
reportable income.

To advertise my tutoring service I marketed using posters offline and eventually set up a website
and marketed on classified sites as well. I charged $15 an hour and eventually had a few Korean
clients. This idea eventually ballooned into a full on English school with a real world premises
that I managed for eight months before closing down. It turned out to be an experiment that
taught me I much preferred online business to bricks and mortar.

My English tutoring days were short lived, but that doesn’t mean selling some kind of service
that you personally deliver isn’t still a viable option. The Internet is a fantastic place to market
your services for free. Similar to what I talked about in the first three points, you can use online
community sites, classified, forums and your own website to market your service.

The downside with this model is that you are still trading hours for dollars, which is a violation
of my holy trinity concept. It’s not necessarily the worst option – and many people enjoy the life
of a high-paid consultant very much – but it does have the inherent limitation that a service is not
replicable unless you personally do it yourself or hire people to do it for you, both activities that
take time and/or resources.

If you are good at something and enjoy helping/teaching/working on other people’s projects,
selling what you do online is worth considering.

6. Sell services provided by other people
My next big success after my card game site was an online proofreading business. For this
business I wanted to focus on selling something that did not require either my own labor or
sourcing some kind of physical product.

The business began in very simple fashion. I created the website personally myself and
advertised two services – English proofreading and language translation services. I knew how
to find contract proofreaders and also had access to an online database of language translators.
When a job came through I’d organize a quote, slap on a margin for myself and then return the
quote to the client.

Over the years I heavily refined this business. I brought on an assistant, simplified the services,
cemented a pricing model and learned what methods of marketing brought in the best type of
client. The end result was a full time income for me and barely a few hours of work to maintain

This was the first time I found a business that met all my major criteria – except one – I really
wasn’t that passionate about the industry. Initially I enjoyed being the entrepreneur, the thrill of
making money and automating the business as much as I could, but after a few years my passion
wained. I eventually sold the business, earning a nice payday in the process, making this one of
my most personally gratifying projects.

Selling a service is a real option for making money online. The challenge is sourcing good
people to do the work, learning what specific offer to make to the market, how to differentiate
yourself so you earn good margins, how to market what you offer and how to automate the entire
process so it becomes a passive income stream.

7. Paid reviews
For a brief period on my blog I invited people to submit their product, service or website for a
paid review. This means they pay a fee (for my site it was $250) and I would write an article
about whatever they submitted. I would not accept just anything for review, I had to see an angle
that made for relevant content for my audience. Nor was a paid review a promise that I would
write positively about the subject – I would highlight both good and bad points.

Initially I didn’t mind writing paid reviews as the income was pretty good in terms of how long it
would take and how much I earned. I could make as much as $250 an hour, which was great at
first, but as my motivation focused more on freedom and less on money, even this became a poor
incentive. Plus I never did like that I was told what to write about rather than choosing subjects I

The challenge for you, if this method is relevant to your growth stage, is to create a website
where you can command a price for paid reviews that makes it worth your time. Until your
traffic is significant, charging more than $50 for a review is not realistic, so you need to build
your website asset first.

8. Affiliate marketing
As my blog audience grew I began to test a method of making money I was very interested in –
affiliate marketing. My first test proved positive, though initially I was disappointed that of my
readership of 500 or so people (at the time), I could only sell one or two products, making $20
commission each. It wasn’t retirement money, but it was a start.

Affiliate income has gone on to become my second highest source of income in recent years,
thanks in part to the increase in my audience reach. By combining my blog and email newsletter
I can reach thousands of people with just one piece of content. By testing different products and
recommending things I personally use myself, I’ve been able to earn as much as $50,000 in
commissions selling just one product.

Affiliate marketing is possibly the single best way to make a living online because it is so hands
off, can be automated easily enough and can deliver some incredible profit margins. It’s
especially good when you can use affiliate marketing to recommend things in areas you are
personally interested in – for example you can make money simply writing a review of a book
you really wanted to read anyway and you get paid for doing what you love.
The challenge for you is figuring out what market(s) to enter, building an audience and
maintaining relationships with your readers so they trust what you tell them. If you know
something that other people want to know and you are prepared to share that information, you
could be looking at a fairly lucrative affiliate opportunity.

9. Sell your own information products
The single most profitable income stream I have ever developed is selling my own information
products. If you are a long time follower of my work you know I have created courses on how
to make money with blogs and membership sites. I also have several reports, an ebook and new
products on the way.

The profit margins on information products is significant, especially as you can earn money for
content you created years ago. Technology makes selling information online relatively easy to
automate, once you get through the learning curve. If you focus on areas you are passionate
about you can build expertise and leverage that trust and credibility to make sales of your
products. Best of all, all of this can happen while you sleep, once you have built the machine to
do it for you.

I personally enjoy teaching, so creating my products like Blog Mastermind though hard work,
was an enjoyable process. Once the course was created I continued to sell it year after year to
people new to the industry who want to learn how to make money with blogs.

Like with affiliate marketing, your potential to succeed selling information products rests on
your ability to identify market needs, tap into audiences looking for this information and then
give them what they want. There are plenty of subtleties and things to learn about, but thankfully
there is plenty of guidance out there too. Digging into the archives of this blog you are reading
now and downloading my free reports – The Blog Profits Blueprint and Membership Site
Masterplan are fantastic starting points if you want more help.

10. High end private coaching
I’ll end this article with something I only recently did – offer high end coaching to a select group
of clients who had to apply to work with me. My program cost between $5,000 and $10,000 and
I turned away more people than I accepted. This was deliberate as I knew working one-on-one
with people is not something I can do with many people or I will use up all my time. However I
was keen to help certain people who were in the right position so I could learn more about the
challenges they face.

Private coaching, like consulting, is another situation where you trade time for dollars, but in
terms of your hourly pay rate it is hard to find a higher paying “job”. Of course you don’t have to
start off charging thousands of dollars. Depending on your expertise and what kind of outcome
you help people achieve, will determine how much you can charge. Offering coaching for $100
per session is not out of reach for most people, and that’s not a bad starting rate if you are
looking to build up your experience through helping others closely.
Again the Internet is by far the easiest and most affordable tool to attract coaching clients. In
many cases you can add private coaching to many of the other methods I listed above, including
selling info products you create, affiliate products, sponsorship banners and physical products.

Combine What Works For You
In my case progressing through these various methods, figuring out what I actually want from a
business and then combining different methods to maximize my income and personal satisfaction
has worked the best.

I recommend you follow a similar path to build your own business. Figure out what you like
using the options above and other resources online, begin testing to see what works and learn
more about what you enjoy, and keep at it until you find what “floats your boat” and is
incredibly profitable too.

Good luck!

Yaro Starak
Internet Entrepreneur

           About Yaro Starak

Yaro Starak is the author of the Blog Profits Blueprint, a free report you can download instantly
to learn how to make $10,000 a month, from only blogging 2 hours per day. You can access
the report from here - www.blogprofitsblueprint.com

                                                                   Read more from Yaro Starak »


Business Ideas and Opportunities, Make Money Online, Monetization Strategies
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   1. 1

                  April 8, 2011 at 12:46 pm -Anindito said:

       I think marketing is an abstract art. Marketing activities like painting on canvas done by
       an artst, and not a lot of marketers are classy maestro.
       An artist would produce the paintings that have high economic value to the ability and
       skill he has.
       and you Yaro Starak, is one of the artist …
       thank you, for your articles …..


   2. 2

                  April 10, 2011 at 1:12 am -Gandu said:

       All are proven and old and cliche methods, there’s nothing new….

       o   3

                      April 11, 2011 at 9:15 am -p90x said:

           Some of these were new to me. I think they can work great if your willing to put
           the work in.

           - Robert


       o   4

                      April 4, 2012 at 4:36 am -Rogan said:

           @Gandu, true but if one is looking for this information for the first time then
           these are great pillars you can utilise to kickstart your path into the online income
           business instead of scammy unreliable information that floods the web.


3. 5

               April 11, 2011 at 8:34 am -p90x said:

  Great list here Yaro, thank you so much for sharing. I think combining some of these you
  can get a real steady income going. I agree with the fact that $250 is a great amount for
  reviewing other products, but like you said that can become something rather tedious and
  will not allow you to be truly free. As well you will not be writing what your passionate

  - Robert


4. 6
              April 11, 2011 at 1:57 pm -John Lennon said:

  I use method 4 Sponsorship advertising on a content site , and still try make money from


5. 7

              April 14, 2011 at 2:27 am -Hagit said:

  WOW, I love your amazing blog Yaro.
  So much good information.

  I’m combining some of the methods, it’s going good!

  Thank you


6. 8

              April 15, 2011 at 11:18 pm -SEO Guide Guy said:

  Tough I’ve read a lot about making money on eBay, I really dislike the idea. In most
  cases you will ship physical products and that really defies one of the benefits of an
  online business: mobility.


7. 9

              April 24, 2011 at 9:11 pm -Soraya said:
   Hey Yaro
   How rich is your post about the ways to make $$ blogging.
   I am a Tour Guide in Dubai and my blog inform visitors about Tourism in Dubai and
   United Arab Emirates, but in Portuguese language in order to target Brazilian travelers to
   the region. While my site is still in not receiving huge amount of visitors ( up to now) but
   the little traffic I am getting is being very helpful to sell my offline service of guiding the
   tourists when they come to visit the city. I was able to leave my day job and work for
   myself as a freelancer.
   I am in a learning stage on SEO, working hard to improve my online exposure.
   I always try to keep updated with you for more information.
   Thanks a lot


8. 10

              May 4, 2011 at 7:52 am -Rapid Cash Tornado said:

   I agree with the affiliate marketing! It is hands down my favorite. I have been able to
   provide a living for myself to take care of my family. I find it fun and rewarding to be
   able to make this type of income from online marketing. I haven’t reached the numbers
   you have but would love to keep learning to do so! Thanks!


9. 11

              June 3, 2011 at 4:19 am -Tilen Hrovatic said:

   Advertising on your blog and affiliate marketing are two best ways to make money online
   in my opinion. Building niche blogs and sites and then promote affiliate products.


10. 12

              June 27, 2011 at 12:22 am -Mike said:
   Yes, some people don’t want to go through much complication thats why they use
   affiliate programs or Adsense but there are really lots of ways to make money online
   apart from Affiliate Programs.


         o   13

                           July 3, 2011 at 8:59 am -Enjoy Life said:

             I think the biggest problem with Adsense is that it take a lot of traffic away from
             your site.

             I think Number 6 (Sell services provided by other people) is a clever on which is
             often overlooked.

             - Rory


                     14

                                  July 3, 2011 at 9:02 am -Enjoy Life said:

                      Please excuse the spelling mistakes above (I just saw them) – it’s 1am my


11. 15

                  August 2, 2011 at 4:44 pm -Online Opportunities said:

   All of these methods can be very profitable but in my experience the most profitable way
   is to develop your own product and sell it

12. 16

              September 13, 2011 at 3:17 am -Hani sabir said:

   Thanks much Yaro for all of your efforts and I would like also to thank you much about
   this post. I had enjoyed it very much and I hop to find out more. I like your stile very
   much and I’m trying to apply your tips and techniques as possible as I could. Thanks
   once again.


13. 17

              October 14, 2011 at 8:16 pm -saurabh said:

   Really informative article…thanks for sharing your wisdom with us.


14. 18

              October 15, 2011 at 11:50 pm -Gary Riding said:

   Hi Yaro!
   For me if you are just starting with online marketing the best way to start earning online
   is by offering services. By offering services you are hitting 2 birds with 1 stone. You will
   easily start to earn and more importantly you will have an idea on techniques that are
   effective online..


15. 19

              October 16, 2011 at 3:44 pm -James said:
   Really well put information, I enjoyed reading it, and I am certainly going to try out some
   of the ways you have shared with us. Thanks!


16. 20

                  October 29, 2011 at 4:29 pm -sudha said:

   Great list here Yaro, thank you so much for sharing. I think combining some of these you
   can get a real steady income going. I agree with the fact that $250 is a great amount for
   reviewing other products, but like you said that can become something rather tedious and
   will not allow you to be truly free. As well you will not be writing what your passionate


17. 21

                  October 29, 2011 at 11:35 pm -Suganthan said:

   Hi Yaro, see i’ve been desperately trying many methods for 2 years to make money
   online and nothing worked better, i’m sick and tired. All i ever wanted was to earn big
   and make my parents proud. But i guess i’ll never succeed. Can you please create a
   system for me that earns money (on auto pilot) so that i can pay you an amount for your
   service. I don’t mind how much you want. Please Help me. Thankx.


         o   22

                         November 27, 2011 at 1:06 am -Karthic said:

             Try until you succeed. And all that Yaro suggests is true. I myself have tried lots
             of these methods. But even I was not able to earn big. Its all because you need to
             put sometime in anything. Few things that showed a good sign was eBay,
             Affiliate Program, Personal Coaching, Selling my own informative products, etc.,
             Just give yourself sometime to learn something exactly as it should be learnt, keep
             doing it and wait. Time respects you and it’ll pay you well!!

             All the best!


18. 23

                  November 14, 2011 at 3:47 am -Ranjan Jha said:

   It is almost 1.5 years since I have been learning and trying to do something online to
   make money. Your Blog Profits Blueprint has helped me a lot. You are not only giving
   thesis but pulling hand of readers on this journey. Now, I am confident enough to be
   successful with the help you are providing.


         o   24

                         December 11, 2011 at 4:45 pm -Karthic said:

             Always nice to read such a positive comment. Keep trying! Never forget that
             there are people earning easily. But be cautious of keeping a right path.


19. 25

                  March 23, 2012 at 11:41 pm -LJB said:

   This is great and good information.However, they make not work for everyone since it
   takes time and patient to build serious income.I have used most of them in the past until I
   found some other great ways to make passive, daily income online from home without
   any need to sponsor or sell any product.I can show proof if you have skype and my
   monthly income could be for many of the readers your yearly income. visit one of my
   favorite ways to eanr online that only takes me less than 5 minutes a day .

   20. 26

                  March 30, 2012 at 3:13 pm -jeremy said:

       Excellent article, I thing that to earn some money online is not so hard, but requires to
       learn to do it and takes time.


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