This forum has inspired me to invest into my side hustle of buying Internet sites. Been doing my DD for previous 3 months. Researching like crazy, talking to brokers, dabbling in Wordpress development, affiliate marketing, etc. I have a very busy professional job so I can spend nights / weekends on my sites. Maybe 10 hours per week max.
I will be investing $150k into web business over next 18 months.
My goals -
1. Passive Income - doing this to make money
2. Retire to do this full time in 5 years - As I wind down my day job and closing in on retirement savings completed - if I can hit $150k annual on my sites it will cover my expenses.
3. Learn the business - learn how to manage sites, make money online. I can do this into retirement for income.
I'm looking at multiple content or FBA sites around $30 to $50k, 2.5x purchase price vs. a single content site at $100k 2.5x purchase price.
Growth potential - the FBA sites have simple products that are kinda boring - 2 year consistent earnings. Selling widgets. The $100k content site is much more interesting to create content, affiliate marketing, etc - but with the unknown if I will be successful in creating new affiliate links to profit like the current seller has done.
So the question - do you buy multiple sites to diversify, reduce risk at the expense of more time? Or go "all eggs in single basket" with a bigger site.
TIA.
I will be investing $150k into web business over next 18 months.
My goals -
1. Passive Income - doing this to make money
2. Retire to do this full time in 5 years - As I wind down my day job and closing in on retirement savings completed - if I can hit $150k annual on my sites it will cover my expenses.
3. Learn the business - learn how to manage sites, make money online. I can do this into retirement for income.
I'm looking at multiple content or FBA sites around $30 to $50k, 2.5x purchase price vs. a single content site at $100k 2.5x purchase price.
Growth potential - the FBA sites have simple products that are kinda boring - 2 year consistent earnings. Selling widgets. The $100k content site is much more interesting to create content, affiliate marketing, etc - but with the unknown if I will be successful in creating new affiliate links to profit like the current seller has done.
So the question - do you buy multiple sites to diversify, reduce risk at the expense of more time? Or go "all eggs in single basket" with a bigger site.
TIA.
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