There are several ways to turn a profit on domains purchased as an investment. Here are several ways ranked in order from lowest investment in time/money to highest investment in time/money. Contact potential buyers directly about a specific domain to see if they are interested in buying it from you, for domains that have natural direct traffic you could put ads on the site to earn advertising income off of the traffic the site is getting, put ads on the site and drive traffic to it (same as previous but with this method you are actively driving traffic to the site), fully develop the site (there are a lot of people who will buy a fully developed website if it is getting a good volume of traffic, especially if it has an established income stream).
This has become a popular business model for online entrepreneurs over the past several years, and will probably just continue to grow in popularity. The best thing about selling online courses is that once you do the up-front work in creating the course and setting up your marketing strategy, you can get paid over and over again for work you do once.
I one of your post https://www.nichepursuits.com/how-to-get-a-google-penalty-using-affiliate-links-and-how-to-recover/# you told about affiliate link penalty. I noticed that Google penalized all my sites one by one for affiliate links. But I have only one link – not 100 as you said. The penalty is -30 position for my “domainname” query. How do you think what can I do in such case?
Of course you can find people that will sell you a fully “custom” WordPress website, or even SquareSpace & Wix website for under $2,000 but that is usually where you have to beware. With WordPress there is no way they are doing anything “custom” for under $2,000, most likely they are installing plugins and a theme, and then customizing those settings pages to make it work for you. This is where you typically see 15+ WordPress plugins installed, some of which do next to nothing.
Hi Robert, your article is just spot on! Can’t think of any other ways of monetization (unless spamming can be included, lol). I think for a start before building your own website, one should already have a goal in mind of the general purpose of the site. For an instance, our website is made to promote our web design company; but in exchange, we should also offer valuable content to our audience not only pressuring them to acquire our services or click on profitable ads. Client service before anything else 🙂
How much will you make? I think my best month with Google AdSense was almost $5,000 over the last ten years. That amazing month blew my mind since it was actually near the beginning of my blogging journey. When you go from making zero to $5,000 in a month, that will rock your world. For me, it also got me even more excited because I knew there were other ways to monetize.