Personal experience

The best to make money online from personal experience:
Creating your own product and selling it to those who are also trying to make money online.

Step 1. Creating the product

I recommend you buy a PLR product from a trusted individual on forums and use what was taught inside. After testing it and using it, rewrite the ebook and add more to it from your personal experience, knowing that it really works.

Step 2. Create your sale page or squeeze page

All you need to do now is to decide whether you want to sell the eBook or give away a sample copy FREE, then in your email, lure them into buying the full version for whatever amount off the original price. I recommend that you do not sell your product at $7 or lower because it will seem less valuable if it is cheap.
If you are going to create a sale page, then use PayPal as an ordering system. You also need to create a simple website and get an auto-responder, but thats easy.

Step 3. Getting traffic to your product

There are several very effective ways that I am using right now to get FREE traffic but there is also Adword. Let me show you the free method:
a. Youtube. Create several videos promoting your product. Customize your videos so that it get them to click to your squeeze page or sale page. Include a URL in the beginning and end of the video. Also include it in your description box - this is very easy, yet powerful.
b. Articles Directory. Write dozens of articles everyday promoting your product and you will see results quickly if you work really hard on this. You need to learn a little bum marketing if using this method.
I personally try to write about 5 each days but sometime I can go crazy and crank out 12 or more in a day.
c. Craigslist. One of my favorite and it is free also. It work great IF you know how to use it. Many Internet Marketers have giving up on Craigslist because they simply don’t know how to use it to their advantage.
Post correctly on this site and you will see how powerful it is since the site gets over 8 BILLION Page Views per month!
d. Myspace. This is the simplest way to get traffic but not very targeted. You can get somewhat targeted traffic using this and it does work if you find the right people and know a little about copywriting.

Conclusion

Create your product and promote it using many of the web 2.0 strategies I described.
I could probably go on into writing several pages of what I said above more meticulously, but that is basically what I do to make money online from $300-500 per month.
I can guaranteed you that making money online isn’t going to work for you if you aren’t willing to take the extra step and work harder and smarter.