I like the idea of this because of these reasons:
1.The idea/topic/niche has already been chosen, and works if it is making money
2. The site is already built and somewhat established, and is residually making money
3. I don't have to start from scratch on where to begin, and how to begin.
4. I am willing to continue adding to the website consistantly, and build backlinks/ pay for SEO servies etc to keep the site GROWING.
5. I feel like it's a good platform that can allow you to multiply/grow the existing monthly revenue.
I look at this as somewhat of an investment. For instance, say I bought a 1 year old website for 1-2k dollars, and it generated 100-200 dollars a month, within a year (roughly) I could have made my initial investment back, and by then, I could have made that monthly revenue GROW 2-3x what it was when I bought the site.
What do you guys think?
Who has bought already established sites that make money, and continued to build them into something much bigger than they were when you bought them?
I also feel like buying a website that is already making money each month, is motivation in itself to keep it going and increase the revenue.
I'm only looking to spend 1-2k dollars.