Does It Take Money To Make Money Online?

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Does It Take Money To Make Money Online?

Updated December 13, 2011
2 minute read

The question is does it take money to make money online? The answer is probably yes, although you can start making small amounts of money for free, and save it up to try and get the things you need to make a fortune. 

Google was started by a bunch of guys with computers hooked up together in their garage. You may have seen the movie The Social Network, about how Facebook came together. 

If you are not a web designer, then you probably need to hire one to build you a site that will make you big money, but to start with, it's not all that hard to make a small living online doing one thing or another. 

Probably the best place to start is right here on Factoidz. I've been trying to make money online for three years, and while I have made more in a couple of other places, like my own site, selling products or services of your own or doing affiliate marketing isn't a guaranteed income, but here you work all day long making money if you can write well. 

I would suggest you sign up through my referral link, as it means that you are automatically accepted as a Factoidz writer. Once you publish twenty articles, you will probably be accepted as a staff writer, which means further benefits and higher payments, and I get ten dollars for referring you. 

This in itself can be a good way to make money. If you have a blog already that gets a lot of traffic, you can put a banner ad for Factoidz in the sidebar, or put it in your articles. The fastest way to make money here is by writing product reviews, or by making contextual back links. 

Does It Take Money To Make Money?

What I just told you can make you five to ten US dollars an hour or more, plus an ongoing residual income from views, and for people in some countries, that's a really good cash income. 

Apart from that, I do gigs on Fiverr, and you can get started by listing gigs to click the like button, Google Plus one, stumble or digg button on twenty pages on someone's site. 

If you have a service to offer, Fiverr is a great place to offer it, cause you can get paid five dollars to do literally anything, and from what I heard, they're sellling about twenty thousand gigs a day. 

It's so popular in fact that there are thousands of sites like Fiverr springing up, and some of these are becoming really successful as well. It takes a fair bit of promotion before you can compete with a big site like that, but if you have a few thousand dollars to put into it, you can get yourself a basic copy of the site from Fiverrscript

My friend got one, for about three hundred dollars, but unfortunately he didn't have the money needed to advertise it properly, and so he only got a few pages of gigs listed, and didn't make any sales. 

This is when it does take money to make money online. When you have a site that needs thousands of members to succeed properly. If you are lucky enough to make a site like that, you could be making a thousand dollars a day, but this is hard to do, requires a lot of trial and error, and some cold hard cash to play with. 

It took me a couple of years of working online before I made my own site, selling social media marketing services, but it's starting to do well, and I can put that down to learning a lot about search engine optimization and social promotion from my years of writing articles on sites like this. 

The Warrior Forum is a good place to learn about how to make money online, but bear in mind you need to know what you're doing before even attempting most of the things they're talking about. 

You need to know how to make your own self-hosted professional Wordpress website, which takes a bit of knowledge to do, and then there's all sorts of coding things, plug-ins, auto-responders, and things you should learn about. 

I have been taking a lot of time to learn all these things, so if you need some help with where to get started, you can send me a message, or leave a comment on this article. It does take money to make money online, if you're talking about a lot of money quickly, but you can build your way up from nothing if you work hard.