What I mean is that I take a long term view on business. I have no
problem buying assets and holding them for a long time. I love to
spend money when the ROI is apparent even if it takes years to
recover the initial investment. I will spend $10 to make $11 even
when it takes 1 full year. I'm sure you get the point.
So, I've just started to take a look at domain and site flipping. That
is not my sweet spot. We make money many other ways, but not
flipping. (We do flip PLR. So, flipping is completely understandable.)
In my investigation I've started to realize something...
People are selling their assets for DIRT. Well, that's my perception
at least. I can absolutely see the appeal of quick cash. It goes like
1. Get domain
2. Load up site with content
3. Drive traffic
4. Try to get some PR
5. Try to generate some cash
6. Put site up for sale at 6-24x income
I know that there are many variations to this, but that's the gist.
No need to argue those nuances.
My point is that I've seen *many* sites for sale that would easily
generate 5-10x my investment over 1 year.
What am I missing here? Why are so many people selling their web
sites when the medium and long term cash potential -- nearly 100%
certain "autopilot cash" -- is right in front of them?
Let me put it yet another way. Am I a sucker to think this way?
most Warriors talk about SELLING. It's almost always about quick
cash; quick kills. Are any Warriors BUYING sites and holding them
for long term profits?