How I Made $10,000 Online From The Internet By Working At Home
Firstly, I don't want the title of this article to be too misleading and so I will admit that although I have indeed made $10,000 online from the internet by working at home this most certainly did not happen overnight. It was not something that happened suddenly and it was something I worked very hard to achieve. I also do not have the $10,000 any more! In 2005 I lost my job and so any extra penny I could earn made a difference and in 2007 I turned to the internet for help.
Many of us dream of being able to work from home and end up turning to the internet in the hope that it can provide a solution. However, making money on the internet is no easy task and it takes time. In addition, despite what you may believe, I am not currently living in secure accommodation. I am renting a spare room in a private house which is currently up for sale and so, soon, I have to move on.
Ever since the age of eight I have been a musician and music has been my main passion in life. I always dreamt of working full-time in the music business but this would never bring in a full-time wage. I guess my timing was good because I was willing to do absolutely anything related to music in any way, I just love music, and just as I turned to the internet it just so happened that there was somewhat of a pardigm shift happening.
Slicethepie, a new music analytics service and financing engine had recently been started which gained widespread attention. Not only were they offering unsigned musicians a chance to raise £15,000 ($30,000) to record and release a new album by selling pre-orders but they were also offering fans the opportunity to invest financially in their favourite bands. They also boasted the world's only music stock exchange where fans could trade in and out of contracts at any time. It was perfect for me and I absolutely loved it... while it lasted.
Because Slicethepie were such a young site they were paying extremely high rates of pay to users to review, judge and rate music tracks from upcoming unsigned artists and this is how I earned the first chunk of money that I ever earned on the internet. Initially it was possible to earn over £150 ($300) per week, although the idea was that users would invest some of that money in the artists (thereby financing the production of their albums).
Furthermore, I managed to make a significant amount of profit by trading in and out of contracts on Slicethepie's trading exchange. One band who went on the become signed by a record label, Scars On 45, earned a 400%+ profit for their contract holders at Slicethepie and so my first $1,000 was made from Slicethepie.
Unfortunately, as Slicethepie expanded to a global audience the legal implications meant that the trading exchange had to be shut down. The currency was changed to dollars and as more and more people joined the site the payment rates started to decrease. Payment rates are now fairly low but Slicethepie have become a major player in the music industry and have developed many partnerships such as with Pledge Music, which is also becoming one of the major players in the digital music industry. However, I still use Slicethepie to earn a few extra pennies and find new artists.
Through a partnership with Slicethepie I was made aware of new music industry website Music X-Ray and managed to earn a few extra dollars by writing reviews of and judging songs by unsigned artists. Music X-Ray paid fairly decent rates which increased with the more experience you had. Although Music X-Ray are still paying they have recently made changes to their system and it's now more difficult to reach payout. However, this is how I earned my second chunk of money from the internet.
Reviews & Writing
As I started to realize that consumer research and people's opinions were of monetary value on the internet I started to think more about words. I have qualifications in both English Language and Keyboard Skills and I am computer literate and so I thought it would be a good idea to combine those skills. I continued to use both Slicethepie and Music X-Ray and still do to this day but decided to have a good at writing consumer reviews at Dooyoo where at the time, Dooyoo were paying £50p ($1) per review plus a small bonus for each user who read the review. I managed to earn several hundred pounds (dollars) there.
Eventually, I posted many of the reviews I had written (many of which were of music albums) at another similar consumer review website called Ciao. I am still writing at Ciao which is a potentially well-paying site. I recently published a review at Ciao of Google's new Nexus 7 tablet PC and in addition to receiving the normal rates of pay I won an extra £10 ($20) for the review.
I'd always thought about writing a book at some point in my life, I have a lot of experiences, opinions and a lot to say. I started looking for a way of doing so and initially I found Helium. Although I earned a reasonable amount of money for my articles at Helium they refused to ever pay me and so I searched for a different site. This is when I found Hubpages and although I got off to a slow start, Hubpages has turned out to be the best and highest paying website that I have stumbled upon so far. Integrating your Hubpages account with your Adsense account and using eBay capsules on your hubs is extremely effective in my experience.
Although I had found things which I loved that I was making money by doing, I continued to try to expand in the hope of maybe some day turning it into a full-time job. I have many skills and so I started searching for work and made myself available on many freelance and mini-freelance websites where I managed to attain some work. I managed to sell copies of some of the music tracks I had written and people started hiring me to write music for their projects. In addition, I was paid to do some audio mastering and to rewrite articles. The work tends to be irregular but it's a nice but of additional income when it happens.
Seeing as I was listening to so many new and often unheard of bands, I decided to start a rock music blog which soon developed a following. Although I am not so active at this blog any more it has made me quite a few extra pennies and something which I enjoyed doing. Eventually, it got to the point where artists were paying me to post their music on my blog and get me to review their material.
Sites like Pledge Music are helping to revolutionize the music industry and are helping artist and fan go into business with each other, whether signed or unsigned. Many artists are now using Pledge Music to finance the production of their albums by selling pre-orders to fans who are then entitled to exclusive rewards. Many of these exclusive rewards, and some of the albums, are never ever made available commercially and so they go on to become high in monetary value.
I have recently invested in six albums which, in total, cost just £44 and have all sold for near £100 each on eBay because they are no longer available commercially...
and that is how I made $10,000 online.