1. Become familiar with the game. Learn what items are valuable, how to trade/buy/sell items and how to navigate the site.
2. Play games. This is where most of the sites neopoints are created. The flash games are fun and are the most foolproof way of earning quick neopoints.
3. Restock. "Restocking" is the art of buying rare from the neopet shops before other users do. Some of these items are worth millions of neopoints by themselves. Rarity 99 items are usually of the highest value. Virtually every rich Neopian restocks. It takes 50,000 to 100,000 neopoints to start restocking, and getting good at it take hours and hours of practice. A fast internet connection doesn't hurt either but is not necessary.
4. Play the stock market. This is located in the games room. Stocks must be at 15 np per share or higher to buy them, with a limit of 1000 shares per day. As soon as you can afford to do so, buy 1000 shares of any stock that's at 15 np every single day. It may take a while to see significant returns, but this is a very effective and consistent way of making tons of neopoints.
5. Snipe. Sniping is finding expensive items in user-generated shops (via the ShopWizard) for much less than their actual value. They are cheap because the user did not know the value of the item, or they may have simply mistyped while pricing it. Either way, sniping is very competitive so make sure you click fast to get the item you want.
6. Invest. There are many plots and events that release items for only a limited time. Also, some items will 'retire' and be taken out of circulation. Retired items are great to stock up on because their value will inevitably increase with time. Items that disappear (books, food, paint brushes) after they are used are by far the best investments because the supply of them diminishes much faster than other retired items, thus driving the price higher.
7. Network. This is the most overlooked resource to making millions of neopoints by new users. Go to the Boards and talk to people. Be polite and intelligent; even if you are not rich yet you will make a name for yourself and accumulate neofriends. The richest players in the game are regulars in the Battledome Chat. This is definitely the place to be if you want to amass millions of neopoints. These players know more about the game than anyone and can be invaluable assets to your neopoint quest.
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