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.
Nathaniell
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?
More Reading: 40x Your Website Earnings For A Million Dollar Payday
Recent Comments
113
Whether I'd sell a website would depend on two things, but one isn't the monthly income.
What could I do with the money offered? and Am I still interested in that project?
Bottom line, if that site has lost my interest, considering my age, and I could sell it for $200k, I could use that money to pay off my home and most of my other debt.
So, in return for giving up 5k a month, I'd gain ownership in my other retirement plan and keep about $2500 a month of my own money that I'm currently paying to other people.
A shortcut to retirement is how I'd see it.
Mind you, I'm talking about 200k sale vs 5k monthly income.
Good time to add that 5k monthly income is my step-off from work, so, if selling was going to forfeit my only income, I'd keep the income so I could stay home.
Why not have several sites?
Excellent ideas John. The other thing to consider is if you are going to invest it. $200k in the stock market could be earning great dividends, ALSO paying out some income.
I would hang onto the website. If somebody would be willing to pay that much money for it, it probably has the potential to make a lot more.
Twelve years ago Google bought YouTube for $1.65 billion and the video giant may be worth now $160 billion (almost ten more times!). Was a good deal for the Youtube founders?
Thanks Nathaniell for sharing your thoughts!
Tom
That's the big question. Can YOU grow the site, or do you want to hand it off to someone with a bigger plan?
Zuckerberg obviously believes in himself, and is still running Facebook. YouTube founders wanted that big payday!
Hmmm...I'd sell it and then start to build another site. If I did it once, I could do it again. Of course, it depends on the niche and how connected and passionate I was about the message and the influence I could have.
Debbie
Nathaniel, something I thought of while reading this is that most people would not know how to keep promoting it the same as those who built the website. Nothing is guaranteed in success just because we buy a website. The same goes for Franchises also. I feel it is far better to work hard on your own project with good mentorship and guidance as we have here, then protect that site. Another take on shiny object distractions.
Good post!
Interesting take William. If you sell a site, you do have to remove yourself from your "baby" and take emotions out of it. That can be hard!
Wow. I wish i had a successful site like this. I think I would keep my website earning 5k a month and watch it grow year after year.
Russell
See more comments
I'll sell and build another one. I'll be a millionaire here in my country if I'll get $200K. Good security for the family. Afterward, invest more to build a better site (probably).
On the other side, I'll keep it as long as its earnings are way better than before. If it's declining, then sell.
Yup. $200k lasts a long time in some places!