In this article, I’m going to share with you 3 proven ways to make money on the internet and 1 proven way to lose money online.

Sounds interesting? It will be more interesting as you read.

I am going to approach this topic from a totally different angle, as I always do. If you find this article confusing, just keep reading. You will get a clearer picture when I put everything together.

Ok, let’s start with the first proven way……

Proven Way #1 - The easiest way to make money on the internet

Do you want to know what is the easiest way to make money online?

It’s to exchange your time for money.  In other words, you make money by trading your time.

For example, you can sign up as a freelancer at elance.com and provide freelancing job to people who need your service. You can also sign up with surveying firms to get paid doing market surveys, or become a mystery shopper to help companies to do market research. If you are good in graphic design, you can also start your own online design company to provide graphic design services.

Trading your time for money is the most basic way to make money. It is also the easiest way to start making money. That’s why most people start with a ‘job’ when they are newly out from school. I hope you can see that a job is just another way to trade time for money.

There is nothing wrong to trade your time for money. In fact, if you are pressed for cash, providing online services, such as freelance services, is probably the best option to start.

Proven Way #2 - The toughest way to make money on the internet

Contrary to popular belief….Knowledge IS NOT Power !
APPLIED KNOWLEDGE IS POWER…

Have you come across a website called Legit Online Jobs? It is a scam or it’s for real?

Before I continue, I need to tell you that this is not a review site trying to lure you into reading this page and then convince you to buy Legit Online Jobs. Let me be frank. I won’t buy this product if I were you. I’m just using this product for discussion purpose.

How to identify online scams?

In the past, it was pretty easy to identify scams. Scammers usually use beautiful stock photos for their testimonials. Their graphic editing skills are so poor that it is obvious that the earning proofs are doctored.

However, today’s scammers are smarter and they can produce fake testimonials and fake earnings like real!

The only way to decide whether a product is a scam is by studying its business model.

Below are some online business models typically used by scammers (or I should say opportunists).

1) Ponzi scheme

A Ponzi scheme usually takes money from you and promises that you will earn more later. The extra money paid to you usually comes from the subsequent members who join the scheme. This means new members are supporting old members.

For example, if a company promises that you will earn $500 every month and you only have to invest $10,000 one time, it’s obviously a scam.

Such a business model is not sustainable and the company will soon run out of cash. Yet, many people choose to believe in such a model.

Nowadays, there are many different forms of Ponzi scheme, from HYIP to paid autosurf programs.

Basically, when joining such programs, you have to ask yourself whether the business model is sustainable. If you can’t think of a logical reason why the business is sustainable, chances are it’s a scam.

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