Your Website For Sale!
Jay did a great webinar last week about selling websites and domain names. This morning, I got an email from Empire Flippers, one of the companies Jay mentioned about where to buy and sell websites.
Disclaimer: I'm not endorsing, promoting, or making any money by talking about Empire Flippers. I'm simply presenting it as a resource if you want to sell your business.
There were 11 new listings this week. Here are some examples of what's available for sale:
Look at the pricing. A site earning only $689 per month can fetch almost $20,000. Many Wealthy Affiliate members were earning over a thousand bucks per month by the end of their first year, so a twenty grand payday isn't out of the question at the end of the year.
Would you rather have $700/month income or $20,000?
Hm. I'd rather the income so I don't have to pay a huge chunk of taxes on the sale, but some people like the "build and flip" business model. Why not? If you can build one successful site per year, or maybe even two side by side, that's easily a six figure income.
Look at the last listing, making $2700/month and selling for almost $120,000! It was created in February 2016, so basically three years to build that.
It's pretty cool to imagine that you could have an income generating business like that, and at the end of it, you don't have to say 'Oh well, that was nice. Time to go back to the working world'.... You get to hand it off to someone else and collect over a hundred grand for your efforts.
Notice: These are all Amazon Associates based websites. This is what you're leanring inside Wealthy Affiliate. These websites for sale were built by people just like you. The internet is full of opportunity and the people making money online are the ones that seek out, test, and take action on these opportunities.
And you know what else? These websites go fast. I rarely see a site listed for more than a few weeks, let alone a few days. Buying profitable websites is in high demand as new people start thinking, "Hm. Maybe I need some extra income for retirement", or "I need the extra security of a side-hustle in case things at my job don't work out".
Online business is a growth insdustry, and you are learning the ropes here at Wealthy Affiliate.
Have a great week everyone.
P.S. If you had a website earning $5,000 per month would you rather keep that monthly income and grow it to $10... $20... $50,000... and beyond? Or would you lock in your profits, bank $200k, and start a new site?