Tuesday, 12 May 2009

What’s the best way to make money online?

If someone were to ask you how to make fast money online for beginners, how would you advise this person? Given the vast amount of information and hundreds of online money making options available, does determining the best way to make money online depend on what you are good at or is it simply a matter of selecting the most effective method to follow for positive results.

Dosh Dosh is conducting a survey to find out what’s the best way to make money online, meaning the method that is practical, cost-effective and do-able, with the greatest amount of potential income - the method that I “personally think, feel or know” is the best method to make money online.

What Is The Best Way To Make Money Online For Me

I use both skills and non-skills based methods to explore online money making opportunities. Skills would include blogging, internet marketing and anything that requires a personal know-how. Non-skills would be everything else including making money using AdSense and other “get paid to” programmes.

However, I would have to say the best way for me is to make money online selling images - photos and illustrations - in microstock agencies. Since my background is graphic design, this method works for me as it uses my existing skillset to allow me to make my own “products” for sale with a recurring income which is an added plus point.

Why Making Money Online Selling Images Is Best

1. Need to create image just once for repeat sales.
2. Ready buying market at microstock agencies.
3. Many sales points without incurring extra cost by selling at multiple microstock agencies.
3. Indefinite recurring income.

Downside To Selling Images

1. Creating an image takes time.
2. Not all images submitted sell.
3. Initial cost of acquiring equipment and software comparatively high.

How To Make Money Online Selling Images

You do need some artistic inclination to be able to either create illustrations or shoot photos that have commercial potential. However it is not the most important aspect. This method is not for aspiring artists to try and sell their art pieces. Having work experience in the design industry definitely helps me have a good idea of what sells commercially. A simple example is the upcoming Christmas season. This period probably sees one of the highest sales seasons of the year, so it makes sense to create images that are Christmas themed.

You can either sell photos exclusively if you can’t see yourself creating images or vice versa. It’s a bonus if you can do both but if you are an outstanding and hardworking photographer, you can make even more money than someone who sells both photos and illustrations. There are prolific photographers who make several thousand dollars every month selling only photos. I guess that most will prefer to sell photos since creating illustrations has a steeper learning curve which involves learning to use a drawing software.

What You Need To Start Selling Images

There are some basics you need to get started.
1. Photo editing software eg. Photoshop.
2. Minimum 4MP digital camera.
3. To create illustrations, you need a drawing software eg. Illustrator, Freehand.

These are just the very basics needed to get started selling images at microstock agencies. There are lots more to know about creating images that sell. Perhaps I will do a more detailed post covering various aspects of image creation and microstock agencies. Ultimately, each individual will have their preferred method to make money online. This method is most likely related on their own skills and interest although it is not inconceivable to learn the required skills if a particular method has the potential to become a main source of online income.

Sign up with the main microstock agencies and browse through popular images to get an idea of what sells and create images with similar themes. You will also find lots of information regarding the technical and aesthetic requirements of submissions. Main microstock agencies include Shutterstock, Fotolia, Dreamstime, BigStockPhoto and StockXpert.

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