40x Your Website Earnings For A Million Dollar Payday
I'm a big fan of drip-fed income. I'm talking about income that comes in every month from various sources. Build a website. Rank. Earn affiliate commissions. You know the deal.
I like the reliability, and I like that I can take a day off and not worry about whether or not I'll make money that day. I can take a week or a month off and I know my rankings, therefore earnings, won't drop.
This is the best part of affiliate marketing for me, and it was one of the main motivators while I was building my first couple of websites. I wanted to grow them from $1 per week, to $10 per day, to $1,000 per month, and beyond.
However, there's another way to make money with your affiliate webistes, and it's actually not talked about a lot here in Wealthy Affiliate.
You sell your website for a lot of money.
Usually, a website will sell for 20x-40x monthly earnings, with most falling somewhere between 24x and 36x.
That means a website earning just $1,000 per month could sell for $40,000!
Many of you are working on your first dollar, so a website earning $1000 seems out of reach. Keep in mind, IT GETS EASIER. As you perfect your skills as an affiliate marketer, you get to fast-forward all the beginner steps.
The first time around, it might take you about a month to get your website how you liked it (theme, menus, basic content). After building a couple sites, that process goes much faster. Nowadays, it takes me maybe a half day. That's incredible progress compared to ANY other type of business out there.
After that, instead of spinning your wheels with low-value blog posts while you practice writing, or using keywords that aren't very good, you'll be able to identify incredible keywords and map out a six month content strategy with the rest of your day.
You can set up a brand new business in a single day now.
It's very possible to be able to create a $1,000/month business every year. It's not just a pipedream. It's something anyone can do. Then, you could potentially sell each business and make $40k off of a single sale every single year.
In fact, if you start outsourcing, you could make multiple websites per year, and get a couple website sales going to scale your business further. How much money do you want to make? YOU get to decide!
What's Your Exit Plan?
Last year I sold a couple of my websites for $30,000 (link below). They were earning about $1000 per month. I was bored of the topic, and wanted to focus more on my newer websites, so I just wanted those webistes off my hands.
At the height of earnings however, they were earning about $12,000 per month. If I had sold those websites when they were at their peak, they would have sold for about $430,000. Wow. That's almost half a million dollars.
(Why did the earnings drop? Mistakes were made on my part. Not worth going into in this blog post)
One great strategy to think about is to grow your main website to earn a large amount of money, then cash out and sell it. Actually, "industry people" are expecting multiples to grow in the coming years as more and more people become aware of online business models.
It's pretty tough to buy a brick and mortar restaurant then figure out how to run it. It's pretty easy to buy a blog and figure out how to publish articles! That's why I think more and more people will gravitate towards online business in the future.
What does a $1,000,000 Exit Look Like?
Kyle recently wrote a blog post about the economics of making a million dollars per year. You'd need to make $83,000 per month to do it. That seems like a lot, but it's in the realm of possibility with affiliate websites.
What seems evern MORE possible is a million dollar exit from your website. Let's take a moderate 36x multiple for your website.
1,000,000/36 = $27,777
That means you can make a million dollars by creating a website that earns $28,000 per month.
That's just a thousand dollars a day. It's a lot of money for sure, but there are many WA members who have posted in the past about having $100, $500, or $1000+ days.
You might think that a thousand dollars a day seems unreasonably optimistic. But what if look out ten years down the road. $1,000 per day is VERY possible with a decade of experience in this business.
WA Members Selling Their Websites
I found as many examples as I could of Wealthy Affiliate members selling their websites. Sites to use to sell webistes include Empire Flippers, FEInternational, and Flippa.
Here's a fun question! What's your "retirement" exit price?
I mean, if you could sell your website for a price, then retire, what would that be? $500,000? A million? 10 million?
Relevant Webinar: Strategies for Selling Websites & Domains
More Reading: Your Website For Sale!