What you need:
• A website or self-hosted blog site
• Website hosting
Have a few extra dollars to invest? Then head over to eBay.com, SitePoint.com, DNForum.com or DigitalPoint.com and take a peek at their “under monetized” website offerings. These are sites with good content, decent traffic, but little–if any–profit.
Your mission (should you choose to accept it) is to snap up these under-performing sites, tweak them to make them more profitable, and then resell them for cash. You can even resell them on the same sites mentioned above!
If you don’t have enough money to buy an existing website, no problem. You can buy a domain for less than $10, purchase hosting (also less than $10), install a WordPress blog script, load it with niche content and resell it.
If you’re not a techie, just purchase the hosting at MomWebs.com and they’ll install the WordPress blog for you. It only takes a few hours to create the site, and you can be in profit just a few days later.
Finding content is a cinch as well. Visit EasyPLR.com for private label rights articles you can edit and customize. Either way, select articles that fit the topic of the site to create a valuable niche resource site that will earn a good profit with very little effort or money.
When you’ve finished, sell your full-fledged site for a good profit, and start all over again! You can earn a hefty income every month doing nothing but flipping profit-making virtual real estate in this way.