If you think it’s the easiest way to make money, then that’s probably why you’ve still not been able to make it rich while trying to find mother lode on the Internet. But don’t worry, you’re not alone in this regard – most people have no clue as to what goes on in the online world when it comes to making the big bucks; all they see is the sound of money falling into their bank accounts even as they sit at home and work just their thumbs.

Unfortunately (or fortunately), that’s not how money is made online; in fact, it’s more of a struggle to see a few bucks through your online venture than work at a daily job that while requiring you to adhere to timings and a schedule, at least pays you a fixed amount every month. The problem with trying to earn online is that you may taste great success one month and utter failure the next – your income takes the shape of a sine wave that goes up and comes down, only this wave is more choppy than regular.

So to answer the question in the title of this blog post, yes, it is possible to make money online, even today when the Internet has become saturated with entrepreneurs and marketers, and it seems like there’s no room for anyone else on board. The only hitch is that you must be extremely talented, highly skilled, and willing to use both brains and hard work to make it work.

• Opportunities do exist in the creative sector – if you’re a writer or a graphic artist who can work from home through the Internet, it’s easy to get yourself a few clients and regular assignments once you’ve established your reputation as a trustworthy and reliable worker.
• If you’re selling stuff online, the best place to do so is through eBay or any other established selling site – you may be tempted to set up your own site, but it’s a long shot at success and too much hard work and initial disappointment to be worth it.
• Writing a blog has paid off for many an aspiring author, but it’s not because they earn thousands every month through their blog; mostly it’s because they’ve managed to secure book deals or because they have their fingers in more than one pie – they attract revenue from advertisements on more than one site and invest in multilevel marketing schemes that depend on other people’s dedication to make them rich.

It’s not prudent to quit your regular job and take to making money online unless you’re assured of a minimum sum every month; while it’s possible to make a decent amount if you have the time to dedicate to your various ventures on the net, remember that the web is a fickle mistress – she can change in an instant and leave you out in the cold. So don’t forsake the stability of a wife and home (your regular job) for the glamor of a seductive temptress – once the sheen wears away, you find that you’re unable to deal with the muck underneath.

By-line:

This guest post is contributed by Kathy Wilson, who writes on the topic of x-ray technician school programs. She welcomes your comments at her email id: kathywilson1983 (at) gmail (dot) com.

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We are at the fag end of 2009.  Yet another year has passed so quickly and we are older (and wiser) by one more year!  It’s time to take stock of our accomplishments last year, assess the effectivity of the already made resolutions, plan activities for the next year, and make New Year resolutions.  Where do you want to be financially and career wise the same time next year?  Proper planning and execution takes you well ahead of others in your career.

It’s also time to look back and take count of last year’s accomplishments here at MT Herald.  How did the posts fare and which were the top hits? Here is a list of those top ten medical transcription articles at MT Herald in 2009 for those newbies who might have missed them.  The posts are stacked in the descending order with relation to the hits they got, with the highest one at the top.

Free Medical Spell Checker For Microsoft Word, Custom Dictionary
A super duper success.  With no other such reliable free medical spell checker available on the Internet, this article received warm welcome and is still receiving good hits consistently for the queries free medical transcription software, free medical spell checker etc.

The Future And Other Side Of Outsourcing And Offshoring To India
With HIPAA tightening its grip, there exists a doubt in the air about the future of outsourcing healthcare services abroad from the US.  In this article, we tried to get some clues about the future of outsourcing trend and had a look at the other side of the coin of outsourcing and offshoring.

How EMR Is Going To Affect Medical Transcription Industry?
With the new healthcare reforms under process in the US, a question naturally arises in every transcriptionist’s mind – Will EMR take over the job of transcription from transcriptionists? (Similar to the fear at the turn of this decade when SRT was predicted to replace transcriptionists!)  Though doctors still prefer transcriptionists, in this article, we were trying to get a definite answer from the industry stalwarts about the future of medical transcription post HITECH as more emphasis has been given to EMR in the healthcare reforms by President Obama.

How Twitter Can Help You Find A Medical Transcription Job?
Social media is not just there to pass time or for hobby or for networking.  How about using social media networking, especially Twitter, to find your dream job?  In this article we were trying to take advantage of social media networking to our advantage in finding a job with the precedence we saw in other fields.

Free Auto Text Word Expander Softwares For Medical Transcription
Speed, speed, speed!  The mantra of increasing productivity for medical transcriptionists.  So if you have free text expanders for that purpose, it is double joy.  In this post, we tried to find some of the free text expander softwares available on the Internet.

Tips & Techniques To Minimize Distractions In Home Transcription
Umpteen distractions creep in while we work at home.  How to tackle or minimize those distractions?  While trying to find answers for those troubles, we got some new ideas from readers too!

Which Medical Transcription Educational Course Should I Join?
Troubling question for anybody willing to get into medical transcription career, whether to join an online course or a course conducted at a school and so on.  In this article, we were trying to get answer for all such questions.

Free Voice File Player Downloads Compatible With All Foot Pedals
In our endeavor in trying to find a list of free voice file players that could be used for medical transcription, we were able to find a few.  Check out if any of those could be useful for you and worth adding to your kitty of medical transcription software.

Everything You Wanted To Know About Medical Transcription Career
A complete guide with answers for all the common questions a medical transcription career aspirant wants to know before foraying into medical transcription.

HIPAA Compliance Guidelines & Tips For Medical Transcriptionists
With HIPAA getting more powers with the enactment of HITECH, it is better to brush up our knowledge on HIPAA and our duties with relation to HIPAA.

Though posts like SiCKO got good response, they are not included here being off topic.

With that we come to the end of 2009.  I wish the readers of MT Herald a Merry Christmas and a Happy New Year.

3 Comments

• At July 7, 2010, Sabyasachi Sen wrote:

  I am a transcriptionist and i am in the related field for the last 5 yrs now with all rumors, I am worried about the fact that should I stick to this industry or not, as there is lot of doubt in my mind that would transcription job will be available or not in the coming 20-25 yrs. If u kindly clear my doubt

• At July 7, 2010, Raj wrote:

  Please refer the articles How EMR (EHR) Is Going To Affect Medical Transcription Industry? and The Future And Other Side Of Outsourcing And Offshoring To India to get a fair idea about this profession in India for the next two decades.

• At July 12, 2010, jason wrote:

  While doctors and outpatient programs are slow to purchase EMRs for financial reasons, government support is likely to speed adoption. Help is provided for affiliated physicians implement an EMR govt. is launching other initiatives to ensure physicians with or without an EMR system can easily access their patients’ records. Outpatient records are also available to hospital staff during a patient’s admission, as combined inpatient and outpatient EMRs make for a true electronic continuum of care.

• Medical Transcription Forum @ MT Herald. Online Community Of MTs
• Everything You Wanted To Know About Medical Transcription Career
• HIPAA Compliance In Medical Transcription. A Revisit Post HITECH

Millions of businesses are taking place daily online.  Fiddling the keyboard, we medical transcriptionists are ignorant about what’s happening around us on the Internet.  People are making money with ease, just like that, after some initial hard work with just home-based businesses.  Whatever we medical transcriptionists and medical transcription business owners struggle to make a month, online business magnates are making it in a matter of hours!  Moreover, Internet based businesses are recession proof businesses!  Hey, how would be the idea if we could attract a few of those people by opening up a business forum to join our conversations and share their business ideas, the ideas that turned out to be successes?  To enact this thought, I opened up a Business Forum for the conversations to take place under our nose so that we too get benefited from those business dialogues.  There are a few business forums online but why do you need a separate business forum for this?  Google keyword tool reports a global monthly search volume of 90,500 for the term “business forum.”  However, if you do a Google search for business forum, the first one is a regional business forum, which is UK based.  Whatever other sites that surface up are either not online business forums or not global/international business forums suiting our taste, hence this venture.

Apart from this, this is going to be another trial effort of building an online asset.  My initial online investment was $9.95 for the domain MT Herald and hosting charges of $6.99 a month!  Now my online portfolio brings in a revenue averaging $600 a month for the past three months out of which I’m investing three-fourths of a month’s income, $404, on this forum.  The split-up would be like this:

Domain name:                         9.95

vBulletin forum software:    195.00

vBSEO:                                149.00

Template customization:       50.00

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Total                                  $403.95

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The expenses per month would be only hosting charges of $8.49.  If you evaluate Business Forumz with website evaluation tools, all of them would currently evaluate Business Forumz to be a big zero.

The site is currently blank with no contents inside with tinkering work still going on from behind.  I will be dedicating only my free time to post contents on the site.  Everything else will be left to the crowd reaching through search engines. Only basic search engine optimization will be made and no paid promotions will be made.  Ads will be displayed to earn revenue and I will be reporting the revenue made exactly one year from now onwards.

Let’s see how this $404 performs by the same time next year, hence stay tuned.  Let your business dreams too come true! Benefit from the discussions that may be happening, come on, join the business forum.

1 Comments

• At January 17, 2010, gspal wrote:

  The business forum idea here seems a good idea. I have been always skeptical of these internet based business ideas that sent a well designed HTML email of earning like $14,000 a day for zero investment. The only investment would be to buy the book to how to go about it which, I think, was just crap. Most of these were noreply emails. The others I replied by redirecting them to MTStars where members were crying hoarse for fall in earnings due to outsourcing. In India we had our own Rupeemail to read advertisements via email. It has been over a year since I became a member and have yet to reach $2 (Rs.100) being the minimum amount to get payment. As I like to write on just about anything, I also started a blog at Google under a pseudonym not so much for Adsense revenue (which has been nil so far) but to post my own. Before that I was working as an agent for a healthcare product. Made nothing out of it other than consuming the same myself!