The web is still a fantastic medium for earning money. Whether you want to boost your exisiting income or generate a full time income the opportunities are still very much there for the taking. The biggest challenge is setting up the first successful and fruitful project which sadly often takes many newbies months or even years to achieve. If this applies to you then here's an incredible method that really does work for free. Interested? Great! Read on.

It doesn't matter whether you are a newbie or an experienced online marketer. This method is suitable for all. You don't need to be an expert web designer or technical expert. A domain name and some basic webdesign skills are all that you need.

One of the rate limiting steps to many projects is coming up with new ideas and doing something novel that hasn't been done before. Well, the great news is that this is not necessary for this method. In fact, this method is based on using proven and successful ideas that have already been established by other successful online marketers.

The first thing to do is to go to an online marketplace called sitepoint.com which is a website that other webmasters use to auction off and sell their existing sites. There's loads of websites for sale on here ranging from hundreds of dollars to thousands of dollars. Have a look through the sites that are listed for sale and find one that produces a reasonable income that's not overly complex. A blog or content site would be great.

Open up the information about your chosen site and review it. The first thing to establish is whether this is a site that you could create yourself. I don't mean create a word for word copy. I mean create similar content and copy the strategies. If you can then carry on. If not then look at other available sites and repeat. Once you have found a site of interest then review the detailed information about the site. You are particularly interested in how much traffic the site generates, what methods the existing owner has used to drive traffic to their site and how much content the site contains.

Once you have found a site suitable site go onto Yahoo Site Explorer. Enter the URL and establish how many backlinks there are to the site. Also review the backlinks to establish what promotional methods the owner has used (article marketing, blog comments, free ads etc.). Next go onto a free site called compete.com and establish what the top 5 organic keywords are for the site.

This is all you need to do. Think about what information you now have. It''s pure gold dust. You have found a topic to focus on that can be monetised. You know from reviewing the existing site what methods have been used to generate the majority of the site's income. You also know the exact strategies to use to generate good seach engine rankings to achieve the necessary volumes of traffic. Create a similar site, copy these methods and you will soon be achieving similar levels of income. If you want to earn $2000 a month then find a site on sitepoint that's already bringing in $2000 a month. Want to earn $10 000 a month? OK. Find a site on sitepoint that's already earning this and follow the methods highlighted above.

And that's it - easy! Who said that making money online was difficult? Try it - this method really does work.