In my opinion, the best way to make money online is to run your own website selling either goods or monetizing a service.
This is a very wide spectrum, there are so many things you could sell or services you could offer, so it really comes down to the following:
- What resources you have available to you
- What skills you possess
- What is there demand for in the market?
- Where is their the least competition in the market?
When eBay first launched in 1995, there was very little competition and it was able to claim a powerful position in the online retailer and auction market.
Since then, it has managed to negotiate the challenges of the past few decades, and it is currently one of the most profitable digital enterprises on the internet.
While it is unlikely that you'll create the next eBay overnight, you can take the same concept and look out for areas that people are demanding goods or a service, but where that demand isn't being fulfilled yet.
It sounds difficult, but companies are doing it all the time through the internet, so if you want to make lots and lots of money, then this is truly the best approach!
