Squidoo can be a good potential source of income provided you know what you are doing. If you know a lot about a certain topic then you can easily create a squidoo lens at http://www.squidoo.com/ and share your knowledge and insight while making money in the process. One of the great things about squidoo is that they have made the process of creating your own webpage very
simple without you having to know any kind of scripting languages.
The key to doing well with squidoo is to create high quality lenses that people will visit often. The first step is to decide on a topic. Make sure that the topic you select has a good market of buyers and online searchers. You can use the free google keyword tool to run a search on some of the main keywords to determine whether or not there is good market potential. Once you have decided on a topic the next step is to pick a lens name or url.
It may be best to select a keyword rich name as this will help your lens rank better in the search engines. Since you are an expert in the topic you have chosen there should not be too many problems coming up with good content to add to your pages. A key point to keep in mind is to regularly add new content to your lenses as this will help it rank better and thus receive more traffic.
Squidoo pays out a percentage of the profits generated from your lenses from advertising. You can opt to also donate a percentage of the profits if you desire. One potentially effective strategy is to use squidoo to write in depth product reviews and then send pay per click traffic to these pages that have your affiliate links in them. This way you do not even need to have your own website and can avoid paying hosting fees.
You can also create groups and collaborate and network with other like minded individuals in the squidoo network thus it can be a valuable resource to build contacts. One of the ways your lenses can receive large traffic levels is if it becomes a featured lens on the homepage. While this is tough to achieve a high ranking lens is a function of the quality of the content you provide.
Squidoo is a democratic environment and if people like your lenses they are much more likely to vote positively for them which will improve its ranking. Consider building squidoo lenses as part of an overall strategy to make money online. Click here for an in depth guide to making money with squidoo.