Making money with a website

May 13th, 2007

One of the most important advantages of web business is that you are free or nearly free to do anything. When it comes to making money with a website, creativity is the key. I will start this article with some of Karl Taylor Compton, former president of MIT words. Back in 1938 he said: “In recent times, modern science has developed to give mankind, for the first time in the history of the human race, a way of securing a more abundant life which does not simply consist in taking away from someone else.”

He spoke the truth, since nowadays more and more people make money using a website. In fact, you can’t even see a company nowadays that does not use computers. But let’s say more about how you can really get profit using a website. When you build a site you must choose the type of site you will have. You can choose a “magazine-like Web Publishing” or a “Web-based Application”. I have divided the site categories that can lead to profit into four. The first type would be the sites which provide collaboratively created information. Using forums and e-mails you can collect information from the public and then publish them each year. This can be done in other ways, but with the internet it is less expensive, it is not so time-consuming, and with a just a little bit of work, you can have everything done. To understand better such categories of websites think at eBay.

Another category would be sites that provide traditional information. What is most intriguing at this type of site is that, even it requires less imagination and creativity, the investment capital would be more important. You can search for pieces of information that were unavailable to the consumers on-line (such as old magazines, newspapers, weather reports, movies, television, videos, stock market information, and so on) and sell them now. Ad banners, links to your sites and all types of revenues can get you a lot of visitors.

The third category is represented by sites that provide on-line services. What kind of services? Well imagine a website that provides wedding planning online. The users will tell you what kind of wedding they want, how much they want to spend, and when the wedding will take place. Your program will figure a detailed budget, make the invitation list, and all other activities you can do online. After that you can find a famous hotel, restaurant and ask them to give visit cards to their guests. And imagine all other ways to make your business famous.

Now that you know all these important types of site, you can continue your work and expand your business or even imagine new ways of making money with a website.

Entry Filed under: Internet business