I keep seeing this question or variations of this question on forums. So I decided I would answer this question with a blog post.

Well $50 isn’t really enough to open an Ameritrade account and Wall Street probably isn’t where you want your money anyway. I want to give you an idea that is scalable that you can do over and over and it make sense and you are able to get your money back. Plus I want it to be an idea you can do from anywhere.

The first thing I would do is buy a Godaddy, hosting account. Now I say godaddy, because most of the re-sale domains out there are registered with godaddy. You can buy an account to host an unlimited number of domains for about $7 a month. They also have a lot of software like wordpress that can be installed by just clicking a few links.

I wouldn’t register a name with godaddy just yet. The reason I say this is because there are a ton of decent domains out there people are wanting to dump for just a couple dollars. I would search forums and ebay looking for these. If I were doing this I would want to start out with financial domains, local city domains or real estate domains. I would try to pick up a couple of these. Its very possible, I have bought awesome re-sell real estate domains off of eBay for less than $3 and they still have 9+ months left on the registration.

For each site I bought I would build a small nich 5 to 10 page website targeting a small geographic area, with unique content. The reason I say a small area is because you will probably never rank for the term “foreclosures” but you have a great shot at ranking for “Orlando Foreclosures”. Then I would do a few days of intense link building.

I would put up some adsense ads on them and then just sit and wait. If you picked a small niche in a real estate or financial field adsense should pay a decent amount per click. In a few months with just a couple click here and there you will have made enough money to get back you initial investment, now you can go out and buy more domains and create more websites.

Of course you have to know when to quit with some sites also, a rule of thumb most people us is if they are not paying for themselves then don’t renew them.

The biggest upside in this plan is, you have sites sitting out there in Google supporting themselves. As they age in the search engines they also gain value.