1. Build a website on a niche subject that you know about and are interested in and write original content for it. You can make money by placing Google advertising on the web pages that you produce. When someone clicks on one of the Google adverts on your web page you make a small amount which is usually a few pence, although it can be up to a pound a click depending on what your subject matter is. Of course if you get a good stream of visitors to your site, then this may add up to a worthwhile income stream. The Google advertising program is called Google Adsense and you can find out more about how it works and join the program for free by visiting http://www.google.com/services

Make sure that you place the Google Adsense adverts in prominent areas of your web pages as this will greatly increase the number of visitors clicking on your Google adverts.

2. You can also make money off your website from affiliate programs. An affiliate program is where a company will pay you a commission for a sale or a lead generated from your website. For best results it is best to put links to affiliates that sell products and services that are related to your sites subject matter.

There are some third party companies which look after hundreds of companies affiliate programs making it easier for you to find, join and administer your affiliate programs. Three of the main ones are Commission Junction, Trade doubler and UK Affiliates. It is free to join these and they will give you access to hundreds of affiliate programs so you will be able to pick out the right affiliate programs for your website audience.

3. Set up a blog on a niche subject that interests you and write posts to it regularly and make money by placing Google Adsense ads on it and affiliate programs. This is a similar business model to building a website on a niche topic except that it easier to set up, maintain as you do not need to know how to build a website and can be done completely for free if you use a service like blogger.com. This is because they will host your blog for free, you just have to post regularly to your blog to produce the content that will attract your target audience.