
Social networking websites are becoming increasingly popular nowadays. Everybody knows about the huge success of websites like facebook, twitter and linkedin.
Web 2.0 includes not only social networks but also social bookmarking websites and all kind of sites where users can submit content, tag, vote and bookmark things. Websites like youtube, squidoo, digg and stumbleupon are also web 2.0 websites.
Owning a web 2.0 site has many advantages but the most important is that you don’t need to submit any content, the users of your site will be on charge of creating and adding all the content. The big search engines also love websites with dynamic content, so by creating a web 2.0 website you will have a great advantage to achieve higher rankings.
How to create and earn money with a web 2.0 website?
In order to start a web 2.0 website first you need to decide what kind of site you are going to create: will it be a social network (like facebook or twitter)?, a social bookmarking website (like digg or delicious)?, a blogging network (like squidoo or hubpages)?, an article directory (like eHow or ezinearticles)?.
In order to avoid having to compete with big and well established websites you can start a niche website. For instance, instead of opening a general social network like twitter you can create a social network only for evangelists or other religious groups, or it can be for people that are passionate about golf or extreme sports. It can be about whatever you want.
Once you have decided what kind of site you want to start you need to choose the right scripts to run the website. There are many options in the market; if you use google you are going to find many different scripts for social networks, social bookmarking websites, article directories, video galleries, etcetera. Another option is to hire a programmer and ask him to create a custom script just for you.
Once you have your website up and running it’s time to start looking for users. There are many free ways to advertise websites on the internet including search engine optimization, ppc advertising, banners, link and banner exchange with websites relevant to your niche, etcetera.
The final step to earn money with a web 2.0 website is choosing a monetization method. In order to find the best income opportunity for your website you will need to test different methods and see which one gives you the best results. Some of the most popular ways to make money with web 2.0 websites are Google Adsense, affiliate programs like amazon and commission junction, selling advertising spots, offering paid or premium features among many others.
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