It’s been a while since I’ve wrote anything here, mainly because I was busy with other projects, mostly buying websites. In the past I’ve pondered the idea of buying vs creating, and I’ve settled with creating at that particular moment. Things have changed, however, and as I’ve come up with a budget to buy, I began doing just that and I’ve been doing it for the past year or so.
In the process of buying several websites, I’ve had my share of ups and downs. Some purchases were duds, some were ok, and some were little gems. It has led to the process of how I evaluate sites to minimize the risk of buying a dud or being cheated. This process is very conservative as far as risk goes so I think it’s very well suited for beginner buyers.
I like building websites and that’s what I’ve been doing for the past few years. However, lately I’ve been wondering whether building is the best strategy especially when the website buying/selling market is growing so fast and is more and more vibrant. It takes a lot of time and money to create a good website and most of the time it’s not the next big thing I’m pursuing, it’s the proven models that have been done and tried. Therefore, it is likely that the kind of a website I’m building is somewhere on sale. In fact, it’s more than likely since I use Flippa to find proven website ideas.
One of the first questions that pops into your mind when starting an online business venture is how much you can expect to make. That is a very right question that should be one of the main factors to decide whether you should start a particular project or not. As you gain experience that’s how you plan a project to begin with.
But I want to direct this post more to the beginners. When you have never done any business online, you don’t know what to expect. Will you make $1 per month or $1,000? It is very easy to get overly excited if you stumble upon a get rich quick product, or get discouraged by people who have failed. However, the matter of fact is that people do business online, that’s why we have all these great sites we visit for fun, to buy stuff and spend our time online.