There are many ways of making money on the internet. Some are free and with no risks. Others have much more potential, but they cost and can cost you big time.

While you can change course at any time in your internet career, it gets harder and harder as time goes by so it is best to chart the best course for yourself when you start.

Here, you will learn some of the ways to run your business and the most commonly made mistakes.

The 4 most common types of online business:

• Affiliate marketing which is where you sell something for someone else on a commission basis.
  
• Build and sell your own products whether it is bulldozers or ebooks on silk sewing.
  
• Becoming an adviser on something you are expert in.
  
• Pay per click advertising businesses which is closely related to number 1.
  

Things to watch for:

• Get rich quick schemes. It takes some work folks, and a little time.
  
• Pay Per Click campaigns that run wild on you. They have to be watched closely.
  
• Getting paid. You have to make sure you go through reliable companies like Paypal and Clickbank.
  

Now, the fun part.

What do you want to do? For the first time in your life you are facing a situation that offers you the income you want. You are limited only by your ambition. Choose something you love or love to do. You don't have to, but in the final analysis, you will look back years from now glad that you spent your time doing something you are passionate about.

In your golden years, you will cherish the good times, not what the checking account held at month's end.