Making Money Experiment Part 1

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Yesterday I promised you I was going to start a case study about how you can make money online without making a content site based around adsense or another site used to make money with text link ads. I have been moving slowly and steadily into the realm of other ways to make money online. I am tired of reading stories about how people are getting banned from adsense, and now have to wonder what they want to do with their sites.

This has happened to people, and it could happen to you. It has happened to people making over 20k a month in adsense so it could happen to you. If you want to just increase the way you make money online or just want to have a backup plan its time to start paying attention to this blog.

Our first part of this series will be how to make money with a directory. I have already shown my readers how they can make money with a youtube downloader site, and with proxy sites. But I think now it is time to move onto something bigger and better.

The first thing I did was decide on what domain I wanted.

I could have used any of my own sites that had a PR4+ instead of starting fresh with a new one, but this would have been a irresponsible thing to do. Considering that only the main page would have Page Rank, and none of the inner pages would have any PR.

I decided it would be best to buy a new domain and start fresh rather than to try to piggyback on some other sites PR.

The next step was to decide what kind of directory I wanted.

There are two types of directories that are hugely popular at the moment, one is a bidding directory and the other is a regular type of directory. For some reason, and I don’t why I decided to take the step in the direction of opening a bidding directory.

A bidding directory works in a way that people actually bid to try to keep their site on the front page. Some of the more successful bidding directories have bids upwards 1.2k for the first position. If you consider the fact that there are up to 10 sites on the front page you understand that the bidding directory has already pulled in over 10K! (Maybe thats why I decided to go with the bidding directory)

Now that we have decided which type of directory you want to open and that we are going to be needing a new domain name it was time to actually decide which domain name we wanted. I came up with the name iBidDir.com, it’s very simple, easy to remember and it gets the message of what the site is across. iBidDir it let’s you know straight out that it is a bidding directory, the best thing about this is that because its so simple it is very easy to communicate with people, they will remember it, and it will be easy to bring up in conversation.

What was the total cost of all this?

• $9.00 Domain
• $6.00 Script Installation

With a grand total of a $15.00 I was able to setup a brand new directory. Now that was probably the cheapest part of this process, they’re will be a lot more money spent on promoting the directory and making sure that it gets PR. But that will be for another post.

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And if you want to buy a link on the directory read about why you should here.