Similar to Slim Picky, I too am fairly new to the game. Over the past couple years, I've casually tried a couple things (blog, content site), more for my own experience than anything. I'd like to start getting more serious and I'm formulating some ideas to re-enter the market.
I've done some homework on researching various methods while trying to filter out the crap from all the so-called "experts". Using affiliate-based content sites seems like the most stable business model generating repeating revenues month after month. Am I wrong?
My budget is rather small (< $200)for starting out so, as a starting point, I thought it best to try site flipping in order to raise some capital quickly. I'm a .Net programmer by trade so I don't have any problem getting my hands dirty with site design. I'm OK at creating content as long as I have decent material to work with. And I'm learning SEO bit by bit.
One stumbling block is Niche selection. More to it, finding one that hasn't been done to death. The other stumbling block is finding a site that has the potential for growth. I'm sure finding something on Flippa within my price range with this criteria is next to impossible. I've been lurking in the forum for some time, and I know I either need to look in the SEs or DMOZ for older sites. Perhaps others can weigh in here on some suggestions.
Given my budget, what's a realistic timeframe to turn this around and start generating +$1000/month? Obviously this is a part time gig right now, so hours/week committment needs to be considered.
BTW, whatever happened to Slim? I was disappointed that he never updated his status on the post.