Owning a portfolio of websites (flippa/empireflippers/etc)

[InstantNoodles]

Hey everyone.

I was thinking about acquiring several websites for exchanges like flippa/empireflippers.

I tried this when I graduated from college many years ago. Basically I dropped 30k+, unfortunately most got hit pretty bad with the big google updates many moons ago. Nothing is left standing.

Why do I want to try again? Well, the multiple is now much higher (used to be 12x) and there are more quality sites available. Also brokers and advisors have emerged, it just used to be flippa (which used to be called sitepoint). The market basically is less wild wild west and more sophisticated.

One thing I want to do is not just be a passive investor. The first time I did this I just bought AdSense sites that were SEOed well. Unless the site has quality backlinks and content I'd say these sites are on shaky ground. So I'm looking to pick up a "skillset".

I"ve tried coding in the past and hated it. I'm thinking maybe drop shipping? Pick up FB/Adwords experience.

What do you think?

 

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[Pesh]

Hey everyone.

I was thinking about acquiring several websites for exchanges like flippa/empireflippers.

I tried this when I graduated from college many years ago. Basically I dropped 30k+, unfortunately most got hit pretty bad with the big google updates many moons ago. Nothing is left standing.

Why do I want to try again? Well, the multiple is now much higher (used to be 12x) and there are more quality sites available. Also brokers and advisors have emerged, it just used to be flippa (which used to be called sitepoint). The market basically is less wild wild west and more sophisticated.

One thing I want to do is not just be a passive investor. The first time I did this I just bought AdSense sites that were SEOed well. Unless the site has quality backlinks and content I'd say these sites are on shaky ground. So I'm looking to pick up a "skillset".

I"ve tried coding in the past and hated it. I'm thinking maybe drop shipping? Pick up FB/Adwords experience.

What do you think?

You said it yourself, owning a website and buying/holding/trading websites is not the wild wild west anymore. It is not only the brokers that improved, the competition improved big time as well.

The mantra about passive income from owning websites does not exist. Yes, it might work for a couple of months or a year, but I can guarantee you that if you are not improving/developing/expanding your online business you will get crushed into pieces by the competition. No matter if you are talking about digital products/affiliate/e-commerce - devoted people with skills/teams/money are the ones that currently rule and succeed in the long term when we talk about digital businesses.

Not to mention that the good buys on any marketplace are holding very big multipliers (25-35x). This means these sites were well maintained and if you just buy and hold they will loose all the advantages that they currently have over the competition and in 95% of the cases you will not be able to recoup your investments by just holding. If you just hold and hope for the best, waiting for 2 years means you will end up with obsolete products/information compared to your competitors.

If you plan to actually keep investing time AND money into the sites though - the ROI can be exponential if you know what you are doing or willing to invest into people that know what to do.

Good luck

P.S. First post after couple months of lurking - YAY!

 

[ay47]

Hey everyone.

I was thinking about acquiring several websites for exchanges like flippa/empireflippers.

I tried this when I graduated from college many years ago. Basically I dropped 30k+, unfortunately most got hit pretty bad with the big google updates many moons ago. Nothing is left standing.

Why do I want to try again? Well, the multiple is now much higher (used to be 12x) and there are more quality sites available. Also brokers and advisors have emerged, it just used to be flippa (which used to be called sitepoint). The market basically is less wild wild west and more sophisticated.

One thing I want to do is not just be a passive investor. The first time I did this I just bought AdSense sites that were SEOed well. Unless the site has quality backlinks and content I'd say these sites are on shaky ground. So I'm looking to pick up a "skillset".

I"ve tried coding in the past and hated it. I'm thinking maybe drop shipping? Pick up FB/Adwords experience.

What do you think?

I've been subscribed to Empire Flippers for a while. They certainly seem to know what they are doing.

I would pick up skills as you need them. Just in time knowledge instead of just in case knowledhe.

End of the day, online business is like any business. There's top line and bottom line.

Growing Revenue
- Increasing Channels
- More targeted customer traffic
- Better / more products

Cutting costs
- Lower costs per new customer
- Better product sourcing

I wouldn't buy unless I can work out a game plan to improve the top line or bottom line of the business in the next 6-12 months. The only thing u can do is buy and try!

Start a progress thread: would love to see how it goes