I visited Shoemoney’s blog today and found out that he’s been hosting an excellent broadcast show. You can check it out here.

The second week show was quite helpful regarding monetizing forums. I haven’t tried setting up a forum yet, but it definitely can be profitable for some.

The biggest tip given during the interview on forums was that your forum must offer some tangible value (especially if you want people to subscribe). Value can be things like T-shirts, prizes, money, etc. I also liked the idea of awarding people prizes when they reach a certain post count (that could be abused, but it still sounds great).

They also recommended vbulletin as the best forum software. Be sure and listen to the show.