buyawebbiz.com

Everyone gets into business for different reasons. Some people want a little extra money, some like to just get out of the house, and some just have a passion that they need to fulfill. I would say I am a mixture of a couple of those (I don’t really need to get out of the house per se) but I think one of my main goals for my business is this: passive income. What exactly is passive income? It can be interpreted many ways. I saw a discussion forum topic once where a poster was blasting passive income because it was “non-existent”, to which I argue it really is how you view it. I work 40 hours a week for a living right now, trading my time for a dollar (or two). If I were to be able to cut that time down to, say, 5 hours a week and make the same amount of money, I would say that is passive for me. Some people consider rental real estate passive, which I would agree with except for all of the time maintaining the property (although you can hire that out and it could be more passive in that case).

What am I getting at here….. what I am working on is building a portfolio of website businesses that I don’t have to maintain *much* and that will bring in a consistent amount of income. You can break down the numbers multiple ways. 100 websites averaging $10/day in income (generated through Adsense, Clickbank, ebay, etc) would make you a tidy little $30,000/month. I think I could pay the taxes on that…. or maybe you pair it down and find 10 solid websites and you focus on each of them making $100/day, which would get you the same $30,000/month. I guarantee there are people out in the internet world that are doing just that, and MUCH more. Here is a perfect article that I like to re-read every once in a while to keep me focusing on what I need to be doing: http://www.all-in-one-business.com/imm/20040102/review.html (*note: this is from Kevin Bidwell’s Internet Marketer Monthly. Kevin is a great internet marketer and I actually went through a course with him and learned a TON about the internet marketing sales funnel. Good stuff…)

Coming up: Rating systems-what to look for and what to run away from.

I came across a similar blog to this one the other day. My first thoughts on it was that it was going to be competition for me. But after reading through it a little more, I think it will be a nice compliment to my site. In business, I know competition is good, but why not unite with competition (in some instances that is) and feed off each other. Teamwork usually pays larger dividends than individual work anyway. So, while the initial threat of my territory was exposed, I think I will be able to feed off this other site’s strengths. Please note, I am not suggesting plagiarism. There are plenty of copycats on the web, and I am sure some of them are doing quite well. With the broad scope of the internet, it is nearly impossible to have a truly unique idea or one that doesn’t crossover another in some portion of the idea.

So, here is the site: http://www.sitesalesblog.com/ Great domain name, good content, consistent posts (for the most part), and tremendous potential. Although, potential is nothing without action. I think this site doesn’t have to worry about that.

While the format for this blog will also post about interesting sites for sale, I hope to delve more in depth on why it is or isn’t a good buy and the potential pitfalls that would come with purchasing a site. There are plenty of spammy/scammy websites out there… we are going to sift through and find the good ones.

Happy site hunting!

Hello, and welcome the first post on my new site buyawebbiz.com. I have a lot of fun stuff coming for this website, so please come back and check in every once in a while. I hope you will find the content here informative, but most of all, PROFITABLE!

And speaking of profitable, that leads me into what my goals are for this site. I have been using on the internet for over 10 years now, and I have stumbled upon many different websites and money making opportunities. While I have to admit that I am not a internet guru by any stretch of the imagination, I know what to look for when evaluating sites that will do well online. Through an internet marketing club I have met several internet millionaires that are using this *new* medium (new is a relative term, I suppose). What I want to do is offer advice and tips about how to successfully purchase and improve or run a website that is already established but just needs a little polishing to make it a larger income. This process is what I will be using to increase my online income, and this is just a journal of things that I see along the way. In that process, I hope you will be able to achieve your goals also, whether that is to become an internet millionaire, or just to have a website that covers the mortgage payment each month so you are free to do other things with your income.

I hope you enjoy the journey, so come along with me and we can achieve our internet dreams together!