Whats the best approch to making money off a website?

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Whats the best approch to making money off a website? I am thinking of starting a website for the sole perpose of making a living. I am new to the game and have researched some of the steps but not sure whats best. Should I buy a website software program and run if myself? Putting ada on the site, promoting my other domain sites from it to make money on every angle I can. Or take a slower approch and develop an e-book and market that throw a very basic website. I know that it will take time to grow and develop a customer base and that these choses have made money for others. Finaly, what would be the cost from a to b