April 27, 2011

How to Make a Million Dollars

Hello readers. It is currently 9pm and like most of my good ideas, they are either generated in the morning shower, at night while lying in bed, or while watching Netflix! While watching the Twilight Zone I began to think about my blog and things I could do to help out my readers even more.

The purpose of this Post:

A lot of folks want to know how to make money online, from home, or simply more quick and easily. Maybe you just want to quit your 9 to 5? I will be following this post with a lot of separate segments that I will eventually include into one big article on Frugal Son. This is the first post in a segment of posts I will be making on how to make money by starting with nothing more than a computer, your brain, and virtually no capital.

The List:
This is a list of ideas to make money and ways to net you a million bucks.
-Start a Website
-Invest in a Mutual Fund 
-Gamble (not recommended)
-Become a day trader
-Open an eBay store
-host a web show
-spend and save wisely (already touched on)
The Catch:
None of the above is going to snag you a million dollars over night. To get there, you need to be a hard worker, have patience and perseverance, time, and money. Of course, I will be showing you the ways to use all the above in a combined form to increase earnings and get you the money faster.

Now, there are some spectacular ways to make money instantly, like winning the lottery. Which is highly unlikely (but if you do, I suggest you go see a financial advisor immediately!) You could score a Hollywood contract, or become a famous musician. For the sake of this article, however, we are going to assume you are like me as well as every other average person in the globalized world today.
Let’s start with a few things you can do for free. If you aren’t already doing the following, I suggest you start! The sooner the better.

Start a Blog

Blogs are cheap, easy, and manageable ways to increase your income. Simply write a blog about things you are passionate about! The internet is global and links to trillions of users every day, chances are, someone else is passionate about the same things you are. To start making money set up an Adsense account linked with your blogger account. Setting up your blog is simple and easy (even easier if you have a gmail account). You are viewing a blog provided free my blogger.com other blogging tools include wordpress and hubpages. A man named John Chow is earning $30,000 a month on his blog!
It might seem daunting at first but don’t worry, you’ll get the hang of it and start making money in no time!
The biggest tips I can provide for blogging are the following:
-Focus on content, not the cash
-Get connected through facebook and the blogosphere
-keep at it, make a new post AT LEAST once a week
-read other blogs and learn from others
-develop content around a subject or niche that you find interesting

Starting a blog is probably the fastest and easiest way to start making money online with little effort. I started Frugal Son to have something to do in my spare time. I pay $10 a year to have it hosted under a domain name to make it more of an official website. This was the single greatest change I made. Shortly after the Google Adsense checks started flowing in. I believe there is something behind the psychology of a .com website over one that has blogspot in the title.

Keep at it and you will surely be the next John Chow! 

An easy way to easily make an extra $100 each month is by taking surveys online for payment. A lot of companies are willing to pay you BIG MONEY to hear your opinion so they can give you better products.
There are a lot of “paid survey sites” on the web today, and I’ve tried several. Most of them are a scam or not very trustworthy. Until recently, I had given up on paid surveys until I found CashCrate (Click here for my FULL review). In essence, CashCrate has 24/7 support and the best surveys. Not to mention a great referral program. You can easily make $20-$30 within the first few days of signing up.
Click the link below to sign up:

Slow and Steady:

I won’t sugarcoat this, the following ways to make money online are not the fastest way to earn cash, BUT effective over the long term. These will take extra work, and maybe even daily input; Luckily not too much.

People have been making money on youtube for years, the catch is, it is necessary to have a lot of traffic to your channel and your videos. If you think you are performing well, submit an application to become a youtube partner. You will have ads placed on your videos and will receive a percentage of the revenue generated. This takes time and patience, maybe even s small monetary investment for better recording equipment. Set up a youtube account (you probably already have one), start making and uploading videos, and make an effort to keep them nice. Youtube has several resources on how to become a partner and ways to get there.
My tips:
-be diligent
-upload short videos
Users don’t want to watch a 10 minute video unless it’s a tutorial.
-be funny and creative
-be nice to other users, NEVER post negative comments.

Web Show

Starting a web show is fun. I broadcast myself as well as a popular game called Starcraft II. I cast games of top starcraft players. You can do the same by using sites like ustream, justin.tv, and livestream. The only site I know of that has a partner program like youtube is justin.tv. Have enough viewers and subscribers, and justin.tv will ask you to be a partner.
The following is a link to my live stream on justin.tv, in fact, you may be watching me live right now!

Starting a stream is simple and mostly easy. There are ways that are harder, but I use a program called Xsplit broadcaster that makes streaming simple and fun.
The good thing about justin.tv and youtube is they virtually work in sync. You can use your youtube videos to promote your broadcasts and you can upload your broadcasts to youtube. You might also want to think about uploading your content to blip.tv a website much like youtube, except you are already a partner when you sign up. They pay you each time someone watches your videos.


I hope you enjoyed the tips to start your way on a fun and exciting adventure to making money online. Set up your mediums and get to work! Once you’ve got some extra income, check out part two, what to do after you've made your first check.