You can make good money off the internet running a website but the competition is very fierce which is why many choose to stay away from it as much as possible. Some people launch websites and build up traffic through some advertising campaigns and some Myspace promotion and they once they start making a little money they quickly sell the website. Since websites usually sell for 10 to 12 times profit, you can start a website spend $500 advertising to get it enough traffic to make $250 in it first month. At the end of that month you can sell the site for $2500 to $3000. Some people skip running websites period and set up what most call turnkey sites. Turnkey sites are websites that are brand new that have no traffic or revenue and just need to be promoted. Since you can get a domain for as little as $6, you can build a website in a few hours and have it up for sale as soon as you are done. I have seen many website owners post listings on various webmaster forums near the end of the day with 10 to 15 websites ranging from $25 dollars up to $500, that they had just built. That is not bad for a days work and you don't have to worry about marketing or carrying inventory like with most websites. So if you have solid design skills but don't like marketing, website flipping is a great way to make extra money. |
