It’s something akin to picking stocks. You want to buy undervalued domains, and sell them later on at a higher price. For example, you can pick a domain that is out of favor, but could be related to some future event. So if you decide that the stock market is likely to crash in the future, you can buy a domain that includes the words stock market crash during a rising market, and then sell it in a falling market.
Find your niche partners, collaborators, and champions: As you’re creating your course, look for notable people who are also creating content in the space. Look att how their businesses operate and incorporate that into your own plan. You can also reach out to any influencers and make them affiliates for your own course. This way, they’ll be incentivized to share your content with their own audiences (which can be a major way to generate your first sales—it helps if you're using one of the best CRMs for small business—and start building your own community!)
I know quite a few people who review products on their blogs, it makes great content and if the product you are reviewing has an affiliate program, can make you a lot of money. You can review anything from software, to bikes, cars, hotels, holidays, food, anything you could think of and it’s all tax deductible (I believe) if you buy something to review.
If you want to learn how to apply to Google Adsense and get approved, I have a step by step guide here. Most good looking websites should have no problem getting an Adsense account. This is a personal favorite of mine for it's ease of implementation and relatively passive income for someone just getting started.  Here's an example of a Google Adsense ad:
A couple of things; 1.for monetization, I know you can make money legally with other people’s rss feed content on your site; my question is if you create an rss feed for a site that doesn’t have one using something like page2rss.com, can you legally monetize that on your site? Does the content owner have to be in charge of the feed like a normal rss? Most likely I’m guessing.

Creating a website is not a quick and easy task. It can be challenging for a nonprofit with small team and limited resources but my experience with Elevation made it much simpler! I appreciated the team's organization and direction. I always felt like I knew what was happening next and what I needed to get done. The team was responsive and able to translate what we were looking for. I love our new site, it truly represents the professionalism and uniqueness of our social enterprise Pedal Revolution. Many thanks to Elevation!
And while it will take time to build up a big-enough audience to attract advertisers and other ways to make extra income from your podcast, the opportunity is there. John Lee Dumas interviews entrepreneurs seven days a week for his podcast Entrepreneur on Fire and now makes more than $200,000 a month from it. In fact, John publishes all his income online and showed that he’s made almost $13 million since launching in 2012.
Mechanical Turk: Amazon's Mechanical Turk is a resource for doing human-intelligence tasks, or as the site commonly refers to them, HITs. You get paid a very small fee for any given HIT and you'll need a good deal of volume to make a substantial amount of money. But it is a resource you can use in your spare time to generate a small income online. 
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.

Whether you have a website or are still dreaming up ideas for a blog, you can also look into affiliate marketing. With affiliate marketing, you partner with brands and businesses within the content of your website. If you mention a product or service, you link to that produce or service using a unique affiliate code you received when you signed up for that particular affiliate program. From there, you’ll make money any time someone buys a product or service through your link.
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