There is no so call the right way to pursuit for money making opportunities online. Any way is applicable as long as it works. But in order to avoid too many losses in time, effort and money, the method to pursuit for money making opportunities online need to be practical. All those methods and strategies provided by successful bloggers and entrepreneurs can be considered practical because most of them experience lots of failure in order to come out with such conclusion. Check out the blog post title “Make Money Blogging: Start the New Year by Increasing Your Income Streams” from Problogger. His story and experience can be very useful especially if you are at the beginning stage of pursuing for money making opportunities online. You don’t have to follow his method completely. Just make use of the methods which you feel comfortable applying them. One of the important points is that he started out with Google AdSense and Amazon. Just couple of way to make money online is applied at the beginning. Once the income starts to stabilize, he started to check out other source of revenue and try to monetize his blog. There is no reason to rush as it takes time for the blog and income to grow. It is a 10 year project that goes through multiple phase and changes.
P/S: Remember that this is not a make money fast online way. It takes time to manage and tune. You need to be patient and have interest in doing so.