Every day people are trying to think up new ways to make money online. Yesterday I wrote a post on how Markus Friend is making over $10 million a year by offering a free dating service. With the concept of FREE in mind, here are just a few examples of why FREE works and how you can make the most of it.

TwitterCounter

I just read a post over at ShoeMoney’s blog about how TwitterCounter is finally monetizing their site as a revenue source. Now that the site is well established and generating over 11,000 pageviews a day, they can offer a promotional spot on the age for $499 a week to a feature Twitter account.

Business Model: Offer the best service and product around and worry about monetization later.

MySpace Resource Sites

Social networks are huge, but it really all got started with the massive teen craze on MySpace. Soon enough everyone and their mother was on MySpace. Unfortunately for the users, not everyone knew how to create their own images, upload them to servers then host them on their myspace pages. Fortunately, early webmasters, affiliates and designers