Five Online Money Makers

With a global recession upon us and with the many uncertainties with regards to people's job security and finances, more and more aspiring entrepreneurs are looking for ways that can become an additional income stream for them and their families.

The internet is home to many such potential income streams. Regardless of the humongous size of the world online, ways to make money online abound and they are waiting for you to give them a test drive.

Here are 5 big moneymaking opportunities online, ways to make money online that even the internet marketing millionaires of today are still implementing.

1. Product selling. Of all the online ways to make money online, this is the most basic. If you can create your own product, or if you can cause the creation of your own product via the process called outsourcing, then you can sell the same directly and you will get to keep most - if not all - the profit. You can sell your product via established merchant sites like eBay, Yahoo Auctions and even Amazon. Or you can seek the help of other people - affiliates as they will be called - which you can recruit by registering your product in established affiliate networks like ClickBank, Commission Junction and Shareasale. Or you can sell your own product from your very own website.

2. Affiliate marketing. You can also opt to sell another merchant's products. Of all the online ways to make money online, affiliate marketing is, without a doubt, the fastest way to realize some earnings. Simply choose an affiliate product to promote. You can easily find one from affiliate networks like Clickbank and PayDotCom. Get the affiliate link corresponding to such a product. Promote the product using your affiliate link. Every time you manage to refer a successful sale to the affiliate program, you will earn a stated commission.

3. Pay Per Click (PPC) programs. If you have a website or a blog, you can enroll with one of the many PPC programs on the internet such as Google AdSense and Adbrite. They will send you a user-specific code that you have to paste on your web pages' source codes. These codes will display contextually relevant ads on your web pages. Every time a visitor clicks on an ad, you will earn a certain amount.

4. Cost Per Action (CPA) programs. This is the fastest rising business model among the online ways to make money online. CPAs work like PPCs, only, instead of mere clicks, your visitors will be asked to perform a particular action - usually signing up to the advertiser's mailing list. You will get paid every time a visitor fulfills an action. Payment ranges from a few cents to as high as $5 per action performed.

5. Website flipping. If you're looking for quick profit, website flipping is for you. Try to find a profitable niche and build a website around the same. Publish the site, gain a stable amount of visitors per day, and sell it. You can earn an average of $150 for relatively new websites. Aged ones that garner higher page ranks (PR) can sell for thousands of dollars.