Here is what I have decided about making money online. You either need to make it today, or you are looking for a long term way to do it. Which are you?

You may even be able to develop that into a residual income if you are smart about it. Let's take a look at creating a walkaway income and then at making money right away.

Residual income is something that is going to pay you over and over for doing the work one time. A money making website could do this. You develop it and get visitors from the thousands of links pointing back to your website. There are many people online right now earning money on websites they built 5 or even 10 years ago.

Two tier affiliate marketing programs and multi level marketing are also excellent ways to create a residual income. You get paid on the work of the people you recruit.This is a beautiful concept and one I highly endorse.

What if you need to make some extra cash right now. Can you really do that on the Internet? Yes, but you have to get it set up correctly. Here is one way you could do that.

1. You need a PayPal account which you can get at PayPal.com

2. Once you have one get a PayPal debit card as well.

3. Sell products of your own on your website with a PayPal order button. This way whenever someone makes a purchase you have immediate cash that you can access with your PayPal debit card.

4. Sell private label right products that give you a PayPal url. This is really cool. Let's say you buy a report that comes set up to give you a PayPal url. This is your website address that you can promote.

Everytime someone buys the report the money immediately goes in your PayPal account giving you cash you can access in seconds. A smart way to do that is to buy your own domain name and redirect it to your new PayPal url. This way it looks like the product is yours to begin with.

5. Join affiliate programs that offer instant commissions. This is not the normal, as you are usually going to get paid in the month following your sales. But I have started to see it happening and predict you will see more of this in the future.

You get the idea. The key is to be able to access your cash right way after you make a sale. This is why a PayPal debit card is so good to have. You can use it just like a Visa or Mastetrcard and you can access cash at ATM's all over the world.

If your goal is to build a residual income then by all means work on that. If you need to make some extra cash right now you now know the basics of one way to do it.