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During any economic cycle whether boom or bust, everyone can stand to make extra money on the side.

While get rich quick schemes come and go, people seeking to earn an honest income while unemployed can make good use of their time and begin to generate enough money to pay off their monthly bills. And if the person is patient and hard-working, enough money could potentially be generated to pay for a lot more.

Making Money on Professional Freelancing Sites vs. Paid Content Membership Sites

People looking for work can try their hand at freelancing on such websites as Guru, Sologig, and oDesk. These websites offer professional consultants in a variety of occupations the chance to make money via project-based assignments.

But in light of making money through membership sites on the web, paid content revenue-sharing websites are easily accessible, and members can start making money immediately. But how does a person get started?

Making Money on the Web: Benefits to Residual Income

It would be a dream come true for money to simply materialize in a person's bank account and continue in perpetuity. Amazingly, this lucrative dream can indeed become a reality, but not without some hard work and a significant investment in time and energy.

The key to making money on membership sites is residual income that pays members to submit various forms of content. These are called paid content revenue-sharing membership websites.

Revenue sharing is simplistic in its approach, yet highly effective: revenue generated from advertising on the site is shared amongst its members. Depending on the membership website, content can take a variety of forms including text, pictures, video, and audio. However, text-based articles are most common.

Members of paid content websites begin to see a steady stream of revenue that passively continues to make money as people around the world read their interesting and well-written articles. The money for each article is typically only pennies per day; but when the member writes 150+ articles over a period of several months, the collective revenue generated by each article can accrue significantly.

Money-Making Membership Websites

Dozens of membership websites now offer members the ability to collect revenue for their content submissions.

Helium offers writers numerous opportunities for members to make money. This includes up-front payments, bonuses, contests, professional freelancing, and residual income.

Squidoo is a fun and quirky (some say addicting) website that allows members to make money by creating "lenses," or individual web pages devoted to a predetermined topic. eHow is an equally fun paid content website where members make money by writing informative how-to articles.

Bukisa allows people to make money by submitting slides, text articles, video, or audio. Associated Content is similar, but allows posting of slideshows and is more professional in nature. And Flixya and Revver site members can even make money by posting and sharing videos.

Achieving success in making money on membership sites requires members to submit content on a daily basis to three or more paid content websites. The ultimate goal is to eventually see a steady income stream flowing into the person's PayPal online bank account, which over time increases monthly.

Learn more about this author, Daniel J. Gansle.
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