IDEA 8: Flipping Website: Make 10,000 Dollars a Month
This is a very lucrative area to make money on the internet. Website flipping involves creating a website from scratch and then adding some content and monetising the site. Once you generate some money from the blog or wesbite you can put the site up for sale for anything between $500 and $1000.
The process starts through keyword research. You find keywords which have potential for traffic and have commercial value. There are hundreds of free keyword research sites which give away free keywords. Once you've chosen your keywords you need to register the domain and set the blog or website up. Once everything is set up you need to add 20 posts which are search engine optimized with traffic coming from the search engine. Once you have traffic coming in its time to monetize the site using advertising programs like Google Adsense.
You can create 20 websites per month with the target of selling them each for $500. If you can hit your target this means that you can generate $10,000 per month. If you're new to website flipping start slowly. Try creating a few websites at a time and use web developers from eLance to learn everything you need to to go it alone. Do your research and find out what sells the most and then try and replicate the format and adjust the ideas. If you're really active and can leverage the power of outsourcing you could create 50 sites per month and try and sell them for $500 each. You could make $25,000 every month if you really put your mind to it.
IDEA 8 is worth considering when you need more money. Whenever I need more money I try flipping sites just to see how much I can make. Some experienced flippers consistently sell their websites for $1000 to $5000 each time. If you've been contemplating how to earn more money and want to practice the art of quick money making this idea is definitely worth considering.