Earn
Money as a Freelancer:
A freelancer, freelance
worker, or freelance is a self-employed
person who pursues a profession without
a long-term commitment to any particular
employer. The term was first used by
Sir Walter Scott (1771–1832) in Ivanhoe
to describe a "medieval mercenary
warrior" or "free-lance".
It changed to a figurative noun around
the 1860s and was recognized as a verb
in 1903 by authorities in etymology
such as the Oxford English Dictionary.
Only in modern times has the term morphed
from a noun (a freelance) into an adjective
(a freelance journalist), a verb (a
journalist who freelances) and an adverb
(Webmaster worked freelance), and then
the noun "freelancer."
How Freelancer
Should Work:
To make a living from home, you can
do more than just sell your personal
junk via eBay. Selling your professional
capabilities in the marketplace via
internet is made even easier. Forget
about the limitation of a 9 to 5 job
1:- Go
to some freelance sites to discover
what is out there and what types of
services people are in need of. My favorite
sites are as follows: Elance.com covers
everything from programming and writing
to consulting and design. RentACoder.com
focuses on software niche. Designoutpost.com
or LogoWorks.com are great for graphic
designers.
Step
2:- Decide
what skills you have that is most marketable.
You may choose a few related skills
to start with if you have the time.
The new breed of freelancing and project-oriented
sites let companies needing help describe
their projects. Then the freelancers
and small businesses offer bids or ideas
or proposals from which those buyers
can choose.
Step
3:- Make
a business plan and stick to your goals.
Start off small then advance when you
feel comfortable. Your income will start
off slow but will improve with hard
work and determination.
Step
4:- Remember
earning a income on the internet is
not easy and nothing will ever happen
if you do not take action. There is
no free money on the internet, it always
involves some work.

Reference:
http://www.ehow.com/how_2220836_money-freelancing-internet.html