Selling Websites

With all of the scams and programs that are all over the Internet, it is hard to find a real way to make good money online. Even with well known business models like eCommerce and affiliate marketing, it takes a long time to even make one small sale. However, there is a business opportunity called website flipping that has an unlimited earning potential without having to sign up for anything, join scams, do hard work for small earnings, or having large amounts of start-up capital. 

Steps

1. Choose a topic you enjoy. It is important to pick one that you are familiar with, so you can create many interesting articles about it.
   
2. Purchase a domain name and web hosting from any hosting company. Make sure your domain name works well with the topic you have chosen.
   
3. Start building your website by using the simple builder tools inside of your control panel. Most hosting companies give you simple tutorials on how to build a website.
   
4. Begin writing content and articles about your topic. Add photos to your articles and set up a mailing list. Make your site look as nice as possible. If you dread writing a lot of articles, hire a freelancer to write the articles for you. It is very cheap, and a fast way to get great articles on your website.
   
5. Make sure you have some sort of money maker on your website before you start promoting it. You could promote an affiliate product related to your site's topic, or you could use Google Adsense. Your goal is to get your site to make the most money possible, so if you have lots of ways to make money on your site, then you will most likely make lots of money.
   
6. Start promoting and advertising your website now that it has great content and money-making tools. Create Facebook, MySpace, and Twitter pages for your site. Write articles on Article Base about your site. Post flyers and create business cards. In simple words, just get your site out there.
   
7. Watch the money start rolling in. After around a week or so of promoting, you should start to see lots of money coming into your Paypal account. Just try to make as much money as possible. Also, keep promoting your site and keep adding articles.
   
8. Keep track of how much money you make each month. You will need this info for the last few steps.
   
9. After six months, calculate your total six months revenue from your site and multiply this by 2. Assuming that you leave the site the same, the next six months will probably bring in the same amount of revenue if not more. Instead of keeping your website, sell it.
   
10. Try to find a buyer. Instead of posting your site for sale on a marketplace, think of types of companies that could use your site. For example, if you have a blog about dogs, a new dog toy company may be interested in it.
    
11. Set your price. Usually, websites sell for 3-5 times the yearly revenue. So if you had a blog for six months that made $30,000 in those six months, your yearly revenue would be about $60,000. You could then sell your site for $180,000 or more depending on your buyer. Bigger companies are most likely to spend larger amounts of money on a website than small companies are.
    
12. You just flipped your first website. Congratulations! You could take that money and spend it, or if you are smart, you could reinvest some of it back into another website. If you repeat for the next six months, you will have a very healthy income. Do this yearly, and you could eventually be flipping websites for millions of dollars.
    

Tips

• Instead of spending your money from the flip on a big mansion, a Lamborghini, a Bugatti Veyron, or a Rolex, invest some of that money back into your website flipping company.
  
• Think of websites as virtual real estate. The reason why website flipping has made many multi millionaires is because you are creating assets. Assets are things that make money for you without you having to do work. There are many different types of assets such as real estate, businesses, etc. But if you are website flipping, you are making money from the asset you created, but you are also making money from when you sell your asset.
  

Warnings

• Turning profits is not a guarantee. Like any business venture, how much you'll make will depend on your determination and willpower.
  
• Never scam people in website flipping. It is very easy to get caught, and the punishment will be harsh.
  

Things You'll Need

• A home office
  
• A computer
  
• Little to no start up capital ($20-200)
  
• Internet access
  
• The ability to learn from your mistakes
  
• A proper mindset.
  

Once you have all this, you should be set! It is a cheap experiment which can earn you a lot of money if you do it right. So why not give it a shot? Thats all I got for now, if you have any questions or suggestions, leave a comment!

Make easy money

How do you make money without any skills, and without significant planning or preparation? You do not have to resort to deception or stealing. All of the following steps are easy and accessible to about anyone. Just remember that you get what you give, so don't expect to get rich--for that, you'll have to work hard and work smart! Read and learn!

Steps

1. Sell something. Dig out that old guitar you never play, those CDs you don't listen to anymore, or your antique toy collections. Go to the pawnshop, put an ad on local internet classifieds, or hold a yard sale in front of your house or on a busy street corner (just display the item with a big sign announcing the ridiculously low price). Price items at half of what somebody would be able to buy them for anywhere else, and you may be able to sell them within an hour or two. You can also sell items online at web sites like eBay, Amazon and Craig's list. Sell your gold and silver to pawn shops that really do sell your gold or silver.
   
2. Fill out surveys online. Companies who want to know what is on the minds of their customers are willing to pay for your opinion. Online surveys won’t make you rich, and won’t allow you to quit your day job, but you can make a little extra cash. When choosing between surveys, read the fine print. There is usually an asterisk near the "you won" part. This means you have to do something like buying stuff before you even get to talk about your prize. Don't fall into these sorts of traps, they are ridiculously difficult and not worth the time. In general, the more companies you sign up with, the more survey requests you’ll receive in your email and more opportunities you’ll have to make money.
   
3. Panhandle. A panhandler is a person who depends on the spontaneous charity of strangers for their survival. If you really need the cash, you might swallow your pride and decide to ask for help. Make a sign, find a good location, ask politely for money, and say thank you. Cyberbegging is becoming increasingly popular, and there have been some amazing success stories, but these are the exception rather than the rule. While there are some sites on which you can beg just by putting up a brief ad, if you're looking to make any substantial money you'll probably have to build your own site and invest the time and money into it to make it successful.
   
4. "Donate" plasma. Plasma is a component of blood, and the process is similar to donating blood. You're not permitted to actually sell your plasma, but you can be compensated for your time spent donating (and essentially, it's like selling your plasma). Your blood is drawn, the plasma is separated, and the red blood cells are returned to your body. You can make US$20-30 per visit and give plasma twice a week, but you must weigh at least 110 pounds, be between the ages of 18 and 59, and be in good health. Many college students do this to make extra cash. If you haven't been to the doctor in a while, this may be a good way to get a free health checkup.
   
5. Enter sweepstakes. By choosing sweepstakes carefully, you can increase your likelihood of hitting the jackpot (or at least getting a few useful freebies that you can sell, as mentioned above). Search the internet-- there are even internet databases, some free and some by subscription only, that can clue you in to hundreds or thousands of sweepstakes. Sweepstakes with smaller prizes can be great because you generally have a more realistic chance of winning. Don't, however, waste your time entering a sweepstakes for a prize you don't want and can't easily sell for a good profit. Enter as many times as possible. The more times you enter, the better your odds. It's as simple as that. Before you send in a million entries, however, make sure you know how many entries the rules allow you.
   
6. Sometimes you can go around looking for money! You shouldn't be too dependent on that, though. Enter contests like dog shows that give out prize money,or make a banking account. Then you'll get a little interest. Sometimes if you make a checking account you can get money for making a checking account.
   

Tips

• Never pay to join survey panels. All legitimate panels are free.
  
• Do not share your credit card information with un-secure sites.
  
• Ideally join affiliate programs that offer two tier commissions. That way you can refer your friends or other people who want to make money online. Then when they make a sale you'll earn a small percentage for referring them.
  
• Open a separate bank account and separate your business money from your personal money.
  
• Always: Instead of thinking of how you must cut down on expenses, think of new ways you can make more money (Without of course spending more money on things that are not necessary for living).
  
• Don't obsess about making easy money. Keep a balanced lifestyle. Try not to think about making money, think first about how to help people and solving problems. Then you will figure out eventually that you can get paid for solving problems.
  

Warnings

• The Internet can be dangerous. Don't always trust surveys you see online; whether you see the site from an advertisement added to this article by spammers, or in advertising programs on pages. Malicious survey sites may steal personal info or just simply install viruses on your computer.

That's it for now, I'll make sure to find out some more ways to earn extra cash in the coming weeks. If you have any questions or suggestions, leave a comment!

How to Generate Passive Income

Have you heard the phrases passive income or residual income thrown around lately and wondered how you can get involved? Passive income is an excellent way to earn extra cash with very little effort. Some versions of passive income require you to have some money to spend up front, while other ideas for passive income don’t require any spending at all. Here is a rundown on how to generate passive income.

Steps

Identify Passive Income

1. Learn what passive income is.
   
   • For starters, passive income is income. It is not usually a lot of income, but coupled with other streams of income, it can make a nice difference in your bank account. Passive income is earned by putting forth an initial effort to generate money, but once it is set up, you don’t do any more work. You just sit back and let it make money for you.
     
   • Some people have even had success with several streams of passive income and have been able to generate quite a bit of money. It is worth your time to find several types of passive income and try to make all of them start working for you.
     

Study Up on Passive Income Sources

1. Look for passive income sources that fit into your lifestyle. Here are some ideas to get you started:
   
   • Write articles for Web sites that will earn you money through the number of pages views they generate.
     
   • Start a blog and earn passive income through advertisements on your blog.
     
   • Use your photography skills and post pictures to websites where you earn money from people downloading your pictures.
     
   • Ghostwrite or edit a book and earn royalties.
     
   • Write an eBook on something you have expertise in, and earn from every purchase.
     
   • Invest in a business as a silent partner.
     
   • Purchase real estate, fix it up and rent it out to generate passive income.
     
2. Research how other people have successfully earned passive income.
   
   • Many people try a large variety of passive income streams and share their results. So learn from them. Figure out what works and what doesn’t.
     
3. Narrow down your passive income streams to the 3 to 5 best options for you.
   
   • It may take several tries to figure out what works best for you to generate passive income, or you may get lucky and have all of your options work for you, to generate passive income.
     

Find Out What Passive Income Sources Work for You

1. Track your passive income earnings.
   
2. Keep a detailed list of what you have tried, what worked and what didn’t work.
   
3. Go back and evaluate your list and notes to determine why an idea is working and why another idea is not working.
   
   • Perhaps there are other options you can try before completely giving up on an idea.
     
4. Try new ideas.
   
• If your original ideas are not generating any passive income, go back and search for new ideas.
  
• If your ideas are only generating a little bit of passive income, that is a good start, but do some more research to see how to capitalize even more on your ideas.

I know this is a really basic article, but I wanted to share it with you because I will be expanding on this a lot more in later posts. If you have any suggestions on this, please leave some feedback in the comments

Welcome

This is the first post for my blog and I'm excited to start making some posts on how to earn extra money outside of work. I will try to be as open minded as possible and include multiple ways to make extra money, whether it's online, at home, or in your local community. From time to time I will also share some money saving tips because although it isn't adding to your income, it is subtracting from your expenses which will be just as beneficial for you in the long run. That's it for now, can't wait to get started!