Pros and Cos of Making Money Online

Discussion in 'Search Engine Optimization' started by stupidcamel, Oct 12, 2009.

  1. #1
    There are Four basic methods to making money online.
    1. Sell on a website

    Pros
    1. Little time needed to get started
    2. Set your own pricing.
    3. You can work around your own schedule

    Cons
    1. Costly to buy products in wholesale bulk
    2. Thousands of other sites selling the same thing as you
    3. Marketing can take hours a day
    4. Need to program a website, buy a domain and get webhostingConfusing technical issues to deal with

    2. Sell on Auction sites

    Pros
    1. No need to setup a website or deal with complicated technical issues.
    2. Marketing is pretty much done for you.

    Cons
    1. Auction fees
    2. Everyone seems to have the same products at a lower price than you can buy them
    3. Scammers stealing your money
    4. Can be costly buying products in bulk
    5. Cut throat pricing with low margins

    3. Selling services

    Pros
    1. No need to buy in bulk
    2. Services are usually very unique

    Cons
    1. Time consuming
    2. Depending on the service, support may be needed 24/7
    3. Need to find a niche

    4. Marketing
    Pros
    1. Almost $0 startup costs
    2. No need for support.
    3. Set your own hours
    4. Lots of products/services to market
    5. Many different ways to advertise

    Cons
    1. Everyone is marketing the same thing as you
    2. Can be very time consuming analyzing and keeping track of data.
    3. Constantly changing

    Wow, that seems very disappointing for people that want to make money online. Don't let the pros/cons get you down.
     
    stupidcamel, Oct 12, 2009 IP
  2. VishalNair

    VishalNair Peon

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    #2
    actually its all on how good you are and how much willing are you to learn from your mistakes, because in make money online business it is The best one who survives
     
    VishalNair, Oct 12, 2009 IP
  3. edesignerz

    edesignerz Greenhorn

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    #3
    if you outsource and actually have a plan... a business can practically run itself
     
    edesignerz, Oct 12, 2009 IP
  4. 5starAffiliates

    5starAffiliates Well-Known Member

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    #4
    Is # 4 supposed to be Affiliate Marketing? It sounds like it.

    If not, I'd say Affiliate Marketing needs to be added.
     
    5starAffiliates, Oct 12, 2009 IP