One of the very most best methods for getting started blogging today, especially if you have aspirations of creating some funds for your efforts, is just developing a news blog that covers, celebrates and aggregates information related to a topic of your choosing. Of course it's always advisable to be sure you aren't the only person enthusiastic about "news" about your niche...but, with the understanding that you've already got this part figured out, let's take a closer look at how you'll do it!
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First, I will suggest you install and use Wordpress as your blogging platform. It's free, open source and is a just phenomenal tool for news types of sites because of all the plug ins and enhancements which can be utilized. You next need to set up a great news oriented template, again, these are simple to find online, there are many of free ones to select from, I take advantage of premium (professionally designed) templates for my own news sites, but there isn't to if on a budget.
You then simply can make use of a whole host of free tools to gather, aggregate and parse the information that is of interest to your readers. If yours is a New York City news site, for instance, you'd plug in some RSS feeds from around the internet on NYC, add some other popular similar sites to your free bloglines (or any RSS reader) and watch for news that you can excerpt and "scoop" in your site. You can use other free Wordpress plug ins to republish information from other people's NYC sites on your own, simply speaking excerpts, with links back to the original source so they are credited with the information and get an invaluable back link as well. You can use tools like clipmarks, flock and syndicated video to do the same...and of course, you'll want to add lots of your very OWN unique, original content so you build a continuing and refreshing audience base hungry on your own unique perspective.
News sites are VERY easy to do these days...and very valuable as well. Remember, when you establish a niche site such as this, you can always sell it a year or two later on and pocket some quick and easy cash - which is why I will suggest you do MORE than one:-)