Content/ Ad based website:

These are very profitable, but also take a very long time to start up. Marketershandbook.com is an example of a content based website. I have content for people to read, and I also have several advertisements on a few pages, this is what pays for cost of development and maintenance. of website.

Each of these articles has been search engine optimized for a specific keyword to bring in more traffic for that keyword, this in turn, generates highly targeted traffic which will be interested in ads which are displayed, hopefully generating revenue.

This way everyone wins, you reader get free valuable content, advertiser's generate income though sales, and I generate our income from advertisers. If you have time, this is one of best websites to choose in our opinion.

The best part is, even if you don't have knowledge of area you want to write about, you can still do this type of website, however it will cost you more money. You can hire people to write articles for you at quite a low price. If this is route you want to take, then you should go down to elance.com. Its a website with more people dedicated to specific tasks than you could ever need. And it's completely free. I definitely recommend you check it out.

Do you have specific knowledge about an area? Then write a digital book about it (Or ebook as it is commonly called) and sell it. Have a hobby? Write about it. Got a child? Write about how to cope with being a parent.

If you have a decent brain in your head, then you have potential to make an information product.

Create a service:

This is a lot more expensive, depending on what you are doing. Sometimes you will need a programmer to sort out all of coding for service. But if you can pull this off, then you should be raking in dough. However, I would definitely stick to writing an information product first, then once you have accumulated lots of money form this, start a service.

Create a content website:

Creating a content website is cheap to do (If you're doing it yourself), but is very time consuming. However, once you have plenty of content, which is search engine optimized, you can put ads on there and hopefully make a killing.

You can create many pages full of content, then display google's adsense ads on there. This means that you wont have to handle delivery of ads yourself, or worry about advertisers not paying.

Create an affiliate website:

This is similar to above, but without displaying ads.

Write plenty of optimized articles in a specific area, then go out and find someone with a product, become an affiliate, sell it on your website, and earn a commission.