I am still pretty new at creating websites, but I enjoy it and am thinking about buying another domain, but I want to start making money from it. I am not really sure how to get started. I don't want to sell a product because I don't want to have to keep stock or ship anything. Any suggestions would be greatly appreciated.
If you want to make money with your sites, you'll have to sell something. If your sites are very informative (like a blog) and they draw a crowd, you could sell advertising spots or do some affiliate marketing. Or, you could draw in the crowds with such information and then sell "premium" products like ebooks or some sort of software downloads that would support those with similar interests.
Amazon's affiliate program is very simple and they pay fairly decent commissions for sales. That said, you won't make more than a few hundred bucks unless your traffic is ridiculously high. There may be some niche companies that you can establish an affiliate program with, for higher commissions based on your industry.
You can self-publish a book (mine is through Amazon at createspace.com) and then you only share the link to the sales page and cash the checks. (Actually they direct deposit.)
Electronic products probably represent your best opportunity, and based on your market it may make sense to use eBooks through Amazon of Apple's iBooks stores. I'm partial to Apple, and plan to use the new software (iBooks Author) to publish an electronic version of my self-published print on demand book with added features. For you, this could mean adding video content and you could take numerous possible routes: entertainment, training or history of the industry.
If you want to build an App, there's always the opportunity for repeat annual sales if you do something like a pinup calendar.
Thanks for the great in site!
Someone on this forum recently recommended Jim Cochran's Free Marketing 101 low and no-cost ways to grow your business online & off.
I'm almost halfway through it and absolutely loving it. And yes, it is significantly influencing my strategy for monetizing my website.