the shortcomings and bad experiences in brick and mortar world is also there in online may be even more. dont get lured into deals where someone ask you to pay for training etc... u will lose your money instead of gettig any. But all is not bad. I have done and really earned through online work. It depends on what u r, what r your capabilities, ..... U may look at sites such as freelancer.com, odesk, elance, studentoffortune.com. U can make money, but not easy money as it is made out to be. I have also had disputes with one person on payment, which ultimately was decreed in my favour by paypal and I got my money. There is competition here too, no free lunch anywhere. U also have to build up your competence, quality of output, reliability, communication, effectveness in dealing with them, to meet overseas client expectations
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