One of the best way to make extra money online is affiliate marketing.
what is Affiliate Marketing:-Affiliate Marketing is a revenue sharing venture between a website owner and an online merchant. Website owner place advertisements on his websites to either help sell the merchant's products or to send potential customers to the merchant's website, all in exchange for a share of the profits.

There are three ways of affiliate marketing.

Pay Per Click:-When visitors leaves the website by clicking ads on merchant links,a certain amount of money deposited in affiliate account,amount can be in cents or dollars depends upon the keyword.

Top Pay Per Click Programs are:-

Google Adsense
Kontera(in line ads)

Pay Per Sale:- Every time a sale is made as a result of advertising on the affiliate's website, a percentage, or commission, is deposited into the affiliate's account.

Top Pay Per Sale Programs are:-

Commision Junction

Pay Per Lead:-Every time a potential client registers at the merchant's website as a result of the advertisement on the affiliate's account, a previously determined amount is deposited into the affiliate's account.

Top Pay Per Lead Programs are:-

Commission Junction

Personally speaking my best way to make extra money online through affiliate marketing is Pay Per Lead with commission junction.I use to subscribed merchant under my niche and write quality blog post for their product and blog them with my affiliate links.

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