How I Make Money Online
December 16, 2006 by david
Filed under Leadership
I make money online. Some folks ask me how I do it. A lot of it comes from selling websites. I like to build sites and flip them. I also like to help people build their own websites and help flip them.
In 2006 a large portion of my income was generated through the sale of websites. So lets talk about how to make money online and what I’ve learned about buying, selling, and marketing websites online. The key thing to understand about buying sites is buy a site and be patient. You will probably only recoup your investment quickly if you are patient or highly skilled in bringing ad dollars to the table.
My #1 Most Effective Way to Make Money Online Is By Flipping Sites
- I’m not a web designer
- I’m not a professional coder
- I’m a mad content generator
Here’s the Readers Digest Condense Method On How I make money online:
- Buy solid domains for my content.
- Avoid saturated marketplaces.
- Develop around 75-100 Articles.
- Build Links.
- Monetize.
- Build Income.
- Sell for 12x Income.
Over Time That’s What Workboxers will be about. How I build content sites online and how to make money doing it and have a lot of fun. Building sites doesnt have to be a pain, or a challenge. It can be as easy as engaging in conversation with friends.
If you haven’t already grab the RSS Feed because there is lots more to learn and lots more to explore.
By “build links” do you mean “convince other sites to link to you”?
What I would like to see is a list of sites that engaged in link baiting. Is there a good example out there?
J,
Yeah thats the idea I guess.
where do you usually sell your sites?
Will I sell my sites on sitepoint.
can you tell me which sites have you sold?
Sites I’ve sold:
http://Gadzooki.com
http://pokermoments.com
http://problogging.com
http://college-startup.com
http://jackofallblogs.com
http://tenfootsquare.com
To name a few…
How do you generate 75-100 pages of article content efficiently and cost effectively?
Great tip David. Its good to see someone out there that is making real money online.
I am learning. So what is the best way to get traffic to my site? currently I am experiment with commenting on blogs to get the traffic.
Work At Homes,
At the beginning, the key to getting your foot in the door is acquiring leverage, and I can’t emphasize enough that to do this, you either need to 1) know the right people 2) buy established websites or 3) buy links on established websites.
IMO, before buying a site it would be good to check for its SEO, what’s it’s ranking, number of backlinks their quality, relevancy also take care whether that site is not involved in any linkfarms or other spamming tactics due to which your site may get in near future.
Just curious, why do you sell the sites? Do they require too much ongoing time/effort to sustain the income?
It would seem to me that building ongoing income would be better than selling out for a once-off cash hit, especially when you’re only selling for 12x earnings (very cheap compared to offline businesses).
I’d be interested to hear your thoughts on this.