I wanted to create a page about website investing as an intro to our “websites for sale” page. Early in my journey as a website investor, I was learning the ins and outs of due diligence. Or to put it more bluntly, I was doing my best to avoid getting scammed. I bought websites for $500 so that I can only test the waters. Now that it’s time to move on, I am ready to sell those small websites and allow someone else to learn this process.
Are young entrepreneurs ideal website investors?
I’ve met a lot of startup founders, and I think they are the perfect crowd to try investing in websites. Starting a new company with an unproven product in an untested industry is super hard. Starting any business is very challenging, but a startup is way harder. Because of that, I think it’s the perfect springboard to buy a website that’s already making money! Even if your website is making a ridiculously small amount of money like $10 per month, you are still making more money than every “pre-sales” startup out there. And trust me, there’s a lot of them.
Website investing, should you try it?
Early in your career, it is vital to gain experience. Setting up analytics, starting your first email list, sending your first newsletter, opening social media accounts, installing plugins on WordPress, all the way up to testing different tools. There’s so much to learn! Learning these basics while at the same time testing your idea is a challenge that many are unable to solve.
A revenue-making website already has a laid foundation
A website that is already making money is useful for several reasons. You don’t have to waste time on mundane basics like setting up WordPress, finding a domain name that’s available for registration, writing initial content, designing a logo, creating social media accounts, and so on. You can start the ground running from day one! Call potential clients with a proven track record behind you. Send your first newsletter to hundreds if not thousands of users. And, best of all, collect your check at the end of the first month! I wish I could have done that when I was first starting.
The positives don’t stop there! When you buy a website, you also get a few tips from the past owner. He or she may give you a great SEO tip or an important connection. Like the one with a client or a manufacturer. Depending on the seller’s skillset or situation, there’s a chance they may even become your mentor! Let’s summarize all the good stuff when buying a website.
11 reasons why you will love, your website with a cash flow
- The site has revenue from day 1 when you become the owner
- The website probably has good traffic, registered users, email subscribers, social media followers, or all of the above
- You don’t have to work on the mundane basics like finding the best web hosting service and setting it up
- Initial content, graphics, and code are already created
- Utilizing existing partnerships (sometimes, the website owner will provide potential writers, designers, developers, who worked on the website in the past)
- Start with a clear path (the seller will probably tell you what worked in the past for the website, and what hasn’t)
- Aged domain name and website (starting a new website, on a new domain name will put you in a Google sandbox for a few months)
- ROI is better than stocks, bonds, real estate, gold, and other assets. During 2019 purchased websites are giving fantastic returns.
- Work where you want, without a need for office
- Work when you want. Your website runs 24/7/365, so you might as well pick your working hours
- You are the boss, and you choose who you want to work with
Do you have experience in this matter? Are you living the proverbial laptop lifestyle of “making money while you sleep”? Tell us in the comment section, why do you love your cash flowing websites.
Managing or flipping websites
After you buy your first website, there’s probably going to be a lot of work and learning before you settle in. But as the dust clears, you will have to decide if you want to keep managing that website, and potentially buy more websites. Or, do you want to grow this website and then sell it for a handsome profit. Flipping a website for a substantial profit is not easy, and I would not recommend it to a new website investor. You need to know how to spot an opportunity, negotiate a reasonable price, and then execute quickly with a clear growth plan. If everything goes according to plan, you then have to sell your website.
So, you see, there are several avenues when it comes to website investing. With flipping you have to be great at three stages (buying, growing, selling). With managing a website, if you are an unskilled buyer, you can still correct course and make up for the loss during the “growing” phase.
Where can you buy websites?
A while back, I created a long list of marketplaces and brokers where you can buy websites. But recently I decided to sell a few of my websites as well. These are old, vetted websites that have been generating revenue for years! When you buy one of my websites you will get an invoice and a personal guarantee. I want to remove the fear of being scammed when you buy your first website! I got scammed the first time I purchased a website, and because of that, I lost years of opportunity! It took me a long time to gather the courage to try again.
I don’t want the same to happen to you, because website investing is the best thing I’ve seen in years.