There are several ways to make money online that are both simple and cheap to implement. The important this is to have two or more different methods working at the same time that way if you encounter problems with one method then your income is completely wiped out.

In 2005 I gave up a well paid corporate job with IBM to start my own business. After a few months it was obvious that my research was flawed and I wasn't going to be able to earn enough money to survive so I needed some way else of earning money. At this point I had no knowledge of Internet marketing and didn't know the difference between AdSense and affiliates.

Desperation is a really good teacher. Within a few months I was earning enough money online to pay all my bills and start to build up my savings. It wasn't easy and I made lots of mistakes along the way. I always believe in sharing what I know so I set up The Income Academy to share my knowledge with people who wanted to make money online or to supplement their income.

The thing about creating an online income is that there is much more to it than just creating a website and sitting back. Do that and you be lucky to make a few dollars. Lets have a look at some of the methods you could use to create your first income stream.

Performing a service for people will always be one of the best ways to create an online income. People like to outsource repetitive or difficult tasks. If you have graphic abilities you could create websites templates. If you can write you could write articles like this one. If you do a good job you'll soon have regular customers.

Affiliate marketing in it's most basic form can be quite profitable. Find a product that will be an impulse buy and create a series of articles about it. Add you affiliate link to the resource box. You can find suitable products on clickbank.

Making and promoting websites that contains informative content and AdSense ads can be a quick way to good way to make an income. But It takes much more work than any of the so called guru's will tell you.

Create informational products and sell them via clickbank.

By buying established websites and blogs you can earn money from placing text links on the site or having people pay you for posts to your blog.

The methods above are just some of the methods our members are using to make money online. The Income Academy strives to give you all the information that you need to start to make yourself an income online. Many Internet marketers will constantly try to sell you the next must have product. You don't need them! You can make an online income with a few spare dollars and a desire to learn.

About the Author, Mark Thompson:

The Income Academy Has been created to help people like you create an Online Income. Why not head over to the site and our Blog. You'll be happy you did! SEO Web directory.