Pretty much! In one way or another, you will have been exposed to the ongoing increased interest in the property market. You know, where they buy a house that needs renovations, they do the work, and they may or may not sell it once done.
This basically mirrors what can be done with web sites. But, it has way more upside.
You can buy a web site a whole lot cheaper than a house.
You can perform “renovation” exercises without getting your hands dirty.
You can sell it again, once fixed.
You can keep it and keep the benefit.
And if for any reason it’s not as successful as hoped, you’ve not laid out a ton of money. Perfect for those who are somewhat risk averse!
It’s possible to make an investment of a few hundred dollars to start with some time, increase that investment at a rate
of return that’s unheard of.
Like any deal, is about the steps involved in:
- assessing a web site as an investment
- valuing a site
- the negotiation process
Over the ensuing weeks, I’ll spend time investigating each of these points in more detail.
Whether you treat this as a business in its own right or whether you’re looking for a bolt-on, as part the Online Strategy for your existing business, the same principles still apply…
Compared to the stock market, or the physical property market, the “virtual real estate” market is but a pup!
Yes, we hear about the Facebook’s of the world but what about the average, mainstream websites that most Business Owners have these days. What happens to them?
However, for some savvy investors, “virtual real estate” has already been far more profitable in a much shorter time than have the traditional investment avenues.
I intend being one of those savvy investors!
As with property real estate, I’m not all that interested in doing the Flipping thing. I’m far more keen to find quality sites that I can do a lot with… and keep ’em.
Over the coming months, I will share my firsthand experience in this fast-paced, growing industry, which may in fact help you to avoid the pitfalls that will no doubt in laying in wait.
The market’s evolving all the time, of course, but the posts I share here will be about what has worked and not worked, tested on a regular basis, as I pursue a future in
this exciting arena.
Who knows, it might inspire you to try your hand at Buying or Selling Websites….
ps: if you’ve got a site you think I might be interested in, please let me know.
So I’ve been shopping haven’t I.
Keen to make my next purchase.
But… the ones I’ve looked at in the past week just haven’t met the mark.
That said, I’m assuming that more websites will definitely come on the market progressively over the next weeks, once everyone is back in the swing of things, post the festive season.
I must say though… how addictive is Flippa!
I can get lost for hours trawling through all the sites on sale, most of which don’t meet my criteria but then it’s a bit like any shopping really. You can spend a whole lot of time doing it even though you have something quite specific in mind. I’m confident I’ll have found just the thing to purchase by this time next week.
If you have a website you’d like to sell and want me to have a look at, please drop me a line to email@example.com
Happy to explore that as an option with you…