Eight Ways To Make Money Online

Who say that money cannot be made online.USD240 million that amount software giant Microsoft were willing to offer Mark Zuckerberg for a 1.6% stake in his social networking site Facebook.Basically,we can either seethe with envy or follow Zuckerberg footsteps and build our own fortune online.

For those who are game,here are eight basic business model to get you goin recommended by IT experts.And you dont have to have a brain s of a google software developer .Be warned ,though,some are riskier and demand more IT skill,than others.

Here are the eight ways you could do online....

Virtual Store-This is one of the oldest online models,and one that left many dot coms in ruins when the internet bubble burts in 2000.High end goods (customs suits,fancy cars) are tough to peddle online but some comodity items,from book and t-shirt to hotel rooms and mortgages,work nicely,if you execute well.

Beyond an easy to navigate Web site ,youll need a warehouse to store the inventory,as well as fullfillment software so customers can complete the transactions.If you dont want to deal with the IT side,set up a shop on e-bay.com and let them handle the technical issue.Some of the best eBay retailers - effectionately call ''Power Seller'' pull in more than USD100,0000 a year.

Tip and warning :Retails is a cut throat business online and offline .Target a niche and offer the the top customer service.

Virtual Landlord - You can move merchandise online without paying rent on a warehouse.Just play virtual landlord and charge other retailers monthly fees or per transactions fees for the oppurtunity to market their product on your site.For Example Amazon.com nabbed 28% of its revenues this way in 2006.

Craiglist another take on this model.The 25 person company charges business to post help wanted ads in San Francisco,New York and L.A. and also collect fees for apartment listing in New York City Total pageview a month about 5 billion.

Virtual matchmaker-Matching buyers online sounded like great idea back in the late 90s -until a lot of these internet brokers went bust.Still,online marketplaces persist.E-bay runs online auctions and takes a cut of the final selling price.Other marketplaces simply charge buyers monthly fees access to each other.Most are niches plays Examples:-Mfg.com match equipment manufactures with smaller component suppliers,while www.H2bid.com link municipalities with waste water-equipment vendors.

Tip/Warning :Transparency adds value,so offer users the ability to rate the people they do the business with.Also,auctions require more sophisticated software than basic online retailing.

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