Method A: Domain Flipping
Step 1; Watch the auditions of the show and identify contestants that are killing it, the ones everbody cheers.
Step 2;Register their names domain name, ie. contestant.com, contestantofficial.com
Step 3; Before the end of the show people will contant you to buy these domain names.
I get offers between £500- £4000 per domain. over the 2 years i have made
over £12,000 from this method alone.
Method B: Sell Affiliate products eg. Amazon using Twitter and Facebook
Step 1; Watch the show from the start and create twitter and facebook accounts for these contestants. Engage with fans tweet & status updates.
Step 2; Watch the fans come in 1000s. With 5 twitter accounts I get upto 100,000 twitter followers by the end of the show.
NOTE ! Before the show goes live change usernames to fan club. eg. @contestant_fanclub. because now they are famous and twitter/ facebook can tell the real person but as a fan account thats ok.
Step 3; Selling your Affiliate products. This is the best part. During the final show, the winner's single is released on Amazon. Plus charity single, Simon Cowell biography, lots of x factor/ American idol products on Amazon.
Now, with over 100,000 twitter followers; this is highly targeted active traffic people , lots of affiliate checks!
It gets better, after the show is over I promote CPA OFFERS like mysupermarket, which pays £3 per lead. I earned over £20,000 in the past year from this second method.
There you go, get creative and internet marketing can be easy!
Hmmm, I should create a WSO about this, watch this space...