I woke up early today (around 11AM) so thought I might as well get today’s post out of the way… considering I have an idea that should interest some of you. :)

I’ve spoken about websites, and website flipping a lot over the last few weeks… I’ve recommended it to you guys because I like it much more than affiliate marketing or Adsense (directly into your Paypal account, as opposed to waiting for cheques – which are pretty darn difficult to receive here) and it’s something requiring zilch investment which anyone can do.

I have posted up a lot of information, but people always want personal advice… some of the biggest requests I’ve gotten from readers here are to ‘take someone and walk them through a large flip’ … with each person wanting to be the one. Considering that I’ve had at least a dozen of these requests, and can’t do them all, this is by no means feasible… I don’t have the time or energy to teach so many newbies how to do this monthly, especially considering I’d make zilch in that time.

Here’s where this idea comes in. This is still just an idea, very much basic, and will only go ahead if you guys like it. Feel free to suggest things you’d change etc.

Of late, I’ve started reading blogs again – I flick through quite a few daily, and although I don’t comment on a lot I have checked out the blogs of those that visit this one at least once a week, just to see how people are doing. I’ll (hopefully) be doing a post on some of the blogs I’d recommend that would help you guys make money later this week.

Anyways, as with everything online, I saw two ideas, put them together.

A blog I’ve started reading recently is Site Flip U written by Bryan Clark – it has some top quality stuff related to site flipping, and the dude knows what he’s talking about.

Anyways, Bryan recently ran a lil contest where he got each reader to flip a blog after one month and see where it went. I was going to enter for the heck of it, but didn’t have the time… anyways, I think it was a cool thing and people made money which is always good.

The second idea is Blogging Idol. A month long competition dedicated to see who could game raise their Feedburner subscriber count most (just kidding :razz: ) and one that whipped up quite a fervour around the blogosphere.

Combine the two, you have a large site flipping competition that makes people money.

Here’s my idea.

- One month blog flips. A blog is started on X date, and will be flipped 30 days later. Blogs can be on any niche you want them to be, and they will be publicly known.

- Maximum allowed spend of $150 per blog. You can spend it all, or you can spend zilch, this is entirely up to you. The limit is to keep things fair and make sure that those with a huge budget don’t have a huge advantage.

- Groups of seven. This will be a (hopefully!) huge competition, so although everyone can participate, you’ll only compete against six other people. There will be a reason for this, see below.

- Each group will be put in charge of one external blog, and each member will have to make an update once a week. I’m not sure whether this will be a site flip journal of sorts, or a niche blog. This will mean that each group will have eight blogs to it (seven members updating their own + a group contributed one). At the end of the month, assuming each member sticks to updating once a week, you’ll have a blog with 28 unique posts and more than 14,000 words of unique content.

- Bloggers do not have to sell their blog at the end of the month, as this will be entirely up to them – however, to ‘win’ the competition we will take the highest sale price. Out of each group, whichever blog sells for most will be awarded the prize, which is the external blog.

The idea behind this is that most competitions do not do well without an incentive… which is why Blogging Idol thrived.

Now, we could have a competition with seven people just looking to sell websites, but when there is no prize to strive towards, my personal reaction is ZZZZZzzzzzzzzzz… there needs to be an incentive.

Rather than bet money, which is something that none of you need to lose, the external blog will go up for grabs to the winner of each group. It will be valued at around $300 – $500 if it was sold, but the amount you’d contribute would be nothing (as I’d pay for hosting and the domain for each external blog) apart from four articles.

Even if you don’t win the external blog, you get to celebrate the sale of your own blog. Netting you a few hundred at worst, a thousand or more at best. If you do win, you get a shit load of money (as your blog would sell for the highest amount) as well as the external blog… meaning you’d make at least a thousand, probably a lot more than that.

Of course, nothing is decided yet, but I’m going to be buying a new reseller account at Hostgator anyways, and thought that this was something people would be interested in. To enter this, all you’d need is less than $10 (for the domain + hosting) and the ability to write… are you guys interested, and do you have any suggestions?

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