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Not much time, whats best?

by mr@new
9 replies
Hey guys .. I am a pretty busy financial trader. I'd like to diversify my assets a bit and am looking to either purchase a web asset OR start one up. I prefer the former ... however, here are some of my questions and am hoping to tap into the collective intelligence of this forum...

1. If I were to buy an existing asset, what are some of the things I should keep in mind .. are there any resources that detail out or a "buying guide" for web investors .. there is an idea

2. If I were to start something of my own ... what would be a "short time to fruition" strategy. In other words, I don't want to spend and wait for years before I see a return. Any strategies that say could use investment, and churn out a return in a reasonable time? For a while I was thinking subscription sites would be good since they could be long-term and would require marketing work. Comparing this to say a content site that would take a *very* long time to establish and have to be extremely hands on with content strategy, whcih I can't since I don't have too much time on a weekly basis ...

any thoughts / suggestions around sorting my direction crisis would be appreciated. Thanks!
#content websites #investing in web assets #subscription websites #time
  • Profile picture of the author rusilja
    First thing to be successful is to fail a lot.
    I suggest you to go to flippa, or any other marketplace selling established websites.
    Buy websites which earn money + proof. Make sure you do not get scammed. Secondly buy a few dozen sites which earn x-xx$/day. Start there, because you will fail a lot and might even get scammed, but you need experience. So start small, dream big & work hard!
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  • Profile picture of the author lotsofsnow
    Buying a web site is as easy as buying stocks. LOL

    You can lose your shirt in a hurry unless you know what you are doing.

    Your best bet: Find somebody that has a lot of knowledge and experience in the field and let that person help you.

    Yes, it will cost you money but it will save you way more money and hassles in the future.
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    • Profile picture of the author onSubie
      Originally Posted by hpgoodboy View Post

      Buying a web site is as easy as buying stocks. LOL

      You can lose your shirt in a hurry unless you know what you are doing.

      Your best bet: Find somebody that has a lot of knowledge and experience in the field and let that person help you.

      Yes, it will cost you money but it will save you way more money and hassles in the future.
      This exactly.

      And look at outsourcing as it seems you have some money to invest in this business.

      Ideally you would like to (eventually) have a small team that can vet sites for you to buy, do all the work to transfer them and set them up on your servers and then maintain them.

      It sounds like you want set-and-forget sites. But even those take maintenance so if you don't want a part-time job maintaining your own assets you should outsource this to a VA or VA team.

      Go to Empire Flippers and check them out. They do exactly this. They also teach it and sell pre-vetted money making sites. Mostly niche sites, especially AdSense.

      Empire Flippers – Business Brokers With Websites For Sale
      The guys also post regularly here on WF. They are very happy to answer questions in the forums but they do sell some excellent products in the WSO forum.

      Edit: By the way their free ebook is very comprehensive and well worth opting in for. It really covers everything you need to know.

      Mahlon
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      • Profile picture of the author BillyPilgrim
        Time = Money. You have to spend one or the other.
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      • Profile picture of the author mr@new
        Thanks for the input. I will check em out ...

        Are there any resources (sites, books etc..) that give an in-depth analysis around web assets, acquisitions etc.

        you are right, eventually I would want a team .. but before that I need to know how to do this


        Originally Posted by onSubie View Post

        This exactly.

        And look at outsourcing as it seems you have some money to invest in this business.

        Ideally you would like to (eventually) have a small team that can vet sites for you to buy, do all the work to transfer them and set them up on your servers and then maintain them.

        It sounds like you want set-and-forget sites. But even those take maintenance so if you don't want a part-time job maintaining your own assets you should outsource this to a VA or VA team.

        Go to Empire Flippers and check them out. They do exactly this. They also teach it and sell pre-vetted money making sites. Mostly niche sites, especially AdSense.

        Empire Flippers - Business Brokers With Websites For Sale
        The guys also post regularly here on WF. They are very happy to answer questions in the forums but they do sell some excellent products in the WSO forum.

        Edit: By the way their free ebook is very comprehensive and well worth opting in for. It really covers everything you need to know.

        Mahlon
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        • Profile picture of the author onSubie
          Originally Posted by mr@new View Post

          Thanks for the input. I will check em out ...

          Are there any resources (sites, books etc..) that give an in-depth analysis around web assets, acquisitions etc.

          you are right, eventually I would want a team .. but before that I need to know how to do this
          After posting my reply, I re-read the Empire Flippers book and it really is a great introduction of what you want to do - or close to it, I think.

          It also goes over the story of how they started (very small) and grew very quickly.

          It talks in detail about how they take the process and outsource it as well.

          Their method starts with finding a niche, getting keywords, building a site and traffic.

          You could skip doing all that by buying a site but it's still important info to have when you look at sites you want to buy. The sites they sell on the Empire Flipper blog are pre-vetted and can be expensive if they are high earners.

          There are lots for sale on Flippa too.

          Although, I think you should do a bit more research about what you want to do and get some guidance before buying from Flippa. Lots of scammers and potential pitfalls there if you aren't careful.

          The Empire Flipper model is multiple niche sites (I think they have branched into authority sites now as well) each bringing in a steady stream of income that collectively adds up to a lot. Sell off underperformers and keep/build the ones that hit.

          I suggested them because they go into great detail on how to outsource most of the work to a VA team and gig workers which seems to be the route you want to go.
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          • Profile picture of the author mr@new
            Nice! I will def check them out. Yea I simply want to be set and forget type of a model .. I know even that would require time and commitment, but its not terribly structured, in that I can do it any time, do it all in one sitting, or any other combination.


            Originally Posted by onSubie View Post

            After posting my reply, I re-read the Empire Flippers book and it really is a great introduction of what you want to do - or close to it, I think.

            It also goes over the story of how they started (very small) and grew very quickly.

            It talks in detail about how they take the process and outsource it as well.

            Their method starts with finding a niche, getting keywords, building a site and traffic.

            You could skip doing all that by buying a site but it's still important info to have when you look at sites you want to buy. The sites they sell on the Empire Flipper blog are pre-vetted and can be expensive if they are high earners.

            There are lots for sale on Flippa too.

            Although, I think you should do a bit more research about what you want to do and get some guidance before buying from Flippa. Lots of scammers and potential pitfalls there if you aren't careful.

            The Empire Flipper model is multiple niche sites (I think they have branched into authority sites now as well) each bringing in a steady stream of income that collectively adds up to a lot. Sell off underperformers and keep/build the ones that hit.

            I suggested them because they go into great detail on how to outsource most of the work to a VA team and gig workers which seems to be the route you want to go.
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    • Profile picture of the author mr@new
      Originally Posted by hpgoodboy View Post

      Buying a web site is as easy as buying stocks. LOL

      You can lose your shirt in a hurry unless you know what you are doing.

      Your best bet: Find somebody that has a lot of knowledge and experience in the field and let that person help you.

      Yes, it will cost you money but it will save you way more money and hassles in the future.
      Great advice ... question:

      Where could I find / meet some of these "experts". I am willing to be trained up and ready to work with a mentor but need to meet
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  • Profile picture of the author TryBPO
    Thanks for the mention, onSubie!

    We started off with small niche AdSense sites but have since moved heavily into brokering $10K - $100K websites and businesses. We still end up with some sites sub-$10K to get someone started, though.

    Aside from us, here are some others in the space that are worth checking out:

    Justin @ FlipFilter.com & Centurica.com
    Drew Sanocki @ DrewSanocki.com
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    Website Brokers - We can help you sell businesses making $500 to $50K per month.

    Free Website Valuation - How much is your website really worth? Find out here, free.
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