I could write about here on entrepreneurial topics and the like, but most people have told me that they don’t give two shits about the life of an entrepreneur and would like to know more about stuff that’s making me money. :razz: Now, as I run this blog for you guys - thought I might as well follow their advice, and I’ll bring you stuff that has made me money - not rehashed crap that has been repeated on thousands of other blogs, but stuff I’ve used successfully (and maybe theories I’ve thought up - with a disclaimer, of course) and stuff that you guys can use too.

By no means is the content on here revolutionary - it’s usually just taking simple ideas and tweaking them or putting them together to make huge profits relative to time put in.

If you want to make money online, you have to learn not to complicate things. Now for me - if things are too complicated, I can’t even be bothered to try and understand them, and if things are too difficult or involve too much work, I can’t be bothered to do them. Which is why I keep things simple and for the moment, it’s working. :)

This idea could be packaged up and sold, and I don’t say this about many posts on this blog. A few, but not many. :razz:

Anyways… no more fluff, let’s get started. You can make a full time income with this idea alone.

A lot of the posts on here over the last month or so have been about website flipping… I started website flipping around 2-3 months into my IM ‘career’ and till date it’s been one of my biggest earners. In few other industries can you create something in the morning and sell it in the evening for hundreds (or thousands) of dollars, and with everything being capable of being outsourced, well… when it’s so easy, you just have to try it. I’m in the middle of flipping a medium - large blog live for you guys and will break down what exactly I did.

The problem with doing this is that if you want to make a lot of money, it is far easier to do things in bulk… it’s easier to make ten small websites as opposed to one dominator one. However, to make a decent amount of money (that is a few thousand monthly), I’d say a blog (in any niche) would have to be around the similar size of TUK (500-1000 RSS) or bigger.

Buying multiple - I currently own 11 blogs with more than 500 subscribers - blogs like this would set you back at least $20,000, probably treble or quadruple that (just for comparision, CashQuests sold for $15,000 with around 1,000 subscribers).

However, I paid less than $150 for each blog I run, didn’t set them up myself and get all content on them free. I don’t spend any time updating them, and less than an hour a week maintaining them. They all bring in money too, and have people approaching them to advertise on them and have contests sponsored. This is literally easy money - and today I’m going to talk about how I’ve done it.

This is similar to offline marketing, the concept at least.

A lot of you will have started out on free blogs - that is, blogs using Wordpress.com or Blogspot.com, blogs that didn’t cost a cent to run. Most will have moved on, however at the moment there are still a lot of people on them, most often because they don’t know about doing any more than what they currently are.

First off - a warning - most blogs that you can work this deal with will not be in the internet marketing niche (which includes blogging tips, making money online etc) as they tend to be more web-aware. In other niches though, you can profit.

You’ll have to find the blogs yourself - how you do this is up to you. You can Google them, use search tools like Technorati… entirely up to you. You’re looking for blogs with upwards of 200 subscribers, with a decent amount of traffic and interaction (comments on posts and the like). The best blogs you will find will be on Wordpress.com.

The two disadvantages of Wordpress.com are:

- Looks unprofessional (XYZ.Wordpress.com instead of XYZ.com)

- Can’t be monetized

This is where you come in.

What you’ll be doing is approaching bloggers you find on free hosting - bloggers that currently run a growing blog and with an active following, and push to them the benefits of moving to a ‘regular’ website - that is, their own domain, on your hosting and the ability to make money.

Remember, these are bloggers that have been blogging because they like to. Not for any other reason than that.

You’ll finance the move, of course. Depending on you, this will involve various things - a domain, hosting (you can host all your sites on a Hostgator server pretty easily). I like to throw in a custom Wordpress design as well, based on their specifications. If you want to, you can buy a developer license to something like the Revolution theme and use those for your blogs.

Each website costs me $10 (without the theme) up to $150 with the theme custom created for me. What the blogger then does is post on his current free blog that s/he is moving to a more professional platform, and their readership will follow.

You also offer them a 50% cut of all revenue the website makes. Considering (Wordpress.com bloggers) they were making $0 before, most will be ecstatic to hear about this. You take care of the monetization completely - I like to use Adsense because it works on niche blogs, but I also do banner sales, CPM etc. Most websites have paid for my initial investment by the end of the first month, even with me only taking 50% of the revenue. Everything after that is profit.

To the blogger him/herself, this is like a goldmine - getting paid to do something they were doing anyways, on a more professional look (a proper .COM domain - remember how thrilled you were when you got your first one?) with a design based on their specifications.

For you, you’re getting a blog worth a hell of a lot of money that comes with an active following and existing traffic at a fraction of the price. One where content is created at no charge whatsoever. One where you have to spend around an hour a week tweaking ads, organizing contests etc. When a blog is big enough, people will be climbing over themselves to sponsor contests.

Last week, I sold one of these blogs for $5,000. They go for more than a regular blog would because the blogger will stay on, as long as you continue the agreement. If you want to, you can give the blogger a cut of the sale - you don’t have to though.

Hope you guys use this idea, as it’s a great one and I haven’t seen it discussed anywhere else. Approach bloggers on free platforms and you can make a lot of money - just don’t be selfish, and try and let them benefit as much as you are - remember, its their content, their following. Good luck!

I love website flipping - this month is heading towards being my biggest ever income wise, and the best thing is that none of it had to do with things I don’t really like. Very little was from affiliate marketing, as I’ve cut down on that almost completely - why make others money when I can make myself money? I’m on course for over 20k, and there are still a few days left. Small money for some, but for others like me… :D

As always, if you have any questions let me know via the comments. Hope this post was worth waiting for, as I did take a break from here- I’m also going to talk about another variation of website flipping soon that I came across a few days ago and mentioned in an earlier post. How does 3k for an hour of work sound? ;)

If you enjoyed this post, make sure you subscribe to my RSS feed!