i bought a random website for $4000 on flippa
TLDRThe speaker shares their experience of purchasing a niche astrology and spirituality blog site for $4,000 on Flippa, a marketplace for buying and selling websites. Despite being new to the field, they had been cautious and selective, investing in courses to educate themselves on the process. The site was already generating around $120 a month, and they thoroughly investigated it before buying. They also discuss the importance of checking for AI-generated content and the potential of building a passive income through hiring affordable writers and tech support from platforms like Upwork. The summary highlights the excitement and potential of this new venture, as well as the strategy of starting with smaller, low-risk investments to learn the ropes before scaling up.
Takeaways
- 💰 Bought a website for $4,000 on Flippa, a platform for buying and selling websites.
- 🔍 The site is a blog in the astrology and spirituality niche, an area the buyer is unfamiliar with.
- 📈 The website was already generating an average of $120 per month for the past 8 months.
- 💼 The average market price for such sites is typically three times the yearly profit.
- 📚 The buyer invested in courses costing $2,300 and $400 to learn about buying and managing websites.
- 🚀 Courses recommend starting with a site under $11,000, but the buyer chose to buy a more expensive one as their first venture.
- 🧐 The buyer thoroughly investigated the website before making the purchase.
- 🤖 It's important to check if the website's content is AI-generated or not, as this affects the site's value.
- 📝 The main asset of a blog site is its articles, so quality content is crucial.
- 🌐 The buyer plans to outsource tasks such as writing and editing to freelancers from countries like Pakistan and the Philippines.
- 📈 The goal is to build a portfolio of websites that generate passive income.
- 🛒 Flippa also sells e-commerce sites, but the buyer chose blog sites due to lower risk and simpler management.
Q & A
What is the name of the platform where the narrator bought the website?
-The narrator bought the website on a platform called Flippa.
What type of website did the narrator purchase?
-The narrator purchased a blog type of site focused on astrology, spirituality, and zodiac signs.
How much was the website making on average per month before the purchase?
-The website was making an average of $120 a month for the past 8 months before the purchase.
What is the average selling price for a website making $100 a month?
-The average selling price for a website making $100 a month is around $3,600.
What was the reason behind the narrator's decision to buy the website?
-The narrator bought the website because it was already generating income and was being sold at a price that was reasonable compared to its monthly earnings.
How much did the narrator spend on courses to learn about buying and managing websites?
-The narrator spent $2,300 on one course and $400 on another course, totaling $2,700.
What advice does the narrator give for someone buying their first website?
-The narrator advises buying a site under $1,000 to minimize risk while learning, and to thoroughly investigate the website before purchasing.
What is the recommended maximum price for a first-time website buyer according to the course the narrator took?
-The course recommended buying a first site under $11,000.
What is the main content of blog-type sites that the narrator mentions?
-The main content of blog-type sites is articles.
Why is it important to check for AI-generated content on blog-type sites?
-It's important to check for AI-generated content because the quality of articles is what you're primarily paying for when buying a blog-type site, and AI content may not be as valuable.
What are some of the services one can hire people for when managing a blog-type site?
-One can hire writers for content creation, tech people, and editors, often at a low cost, especially from countries like Pakistan or the Philippines.
What is the potential passive income one can achieve by buying a website?
-The potential passive income depends on the website's profitability; for example, a site bought for $100,000 could generate around $3,000 per month.
Why does the narrator consider blog-type sites safer and lower risk compared to e-commerce sites?
-Blog-type sites are considered safer and lower risk because they have less overhead, fewer expenses, and do not require dealing with inventory or other complexities associated with e-commerce sites.
Outlines
💻 Investing in a Niche Blog Site
The speaker discusses their recent purchase of a blog-type website in the astrology and spirituality niche for $4,000 through a brokerage platform called Flipper. The site was already generating an average monthly income of $1,120 for the past eight months before the purchase. The average market price for such sites is typically three times the yearly profit, which would value a $100 monthly earning site at around $3,600. The speaker emphasizes the importance of due diligence when buying a site, especially for beginners, and mentions taking courses to learn the intricacies of website buying and management. They also highlight the potential for passive income through hiring affordable writers and tech personnel from platforms like Upwork or from countries with lower labor costs. The speaker expresses excitement about this new venture and suggests that beginners start with smaller, cheaper sites to learn the ropes before investing in more expensive ones.
🏢 Exploring Passive Income Through Website Investments
In this paragraph, the speaker explores the concept of generating passive income by investing in websites, particularly those listed on Flipper for sale. They mention that sites can be purchased for as low as $500 or as high as multiple millions, with the selling price often being around three times the yearly profit. The speaker advises learning the ropes before investing large sums and suggests that one can buy into a business with already established passive income streams. They also compare the simplicity and lower risk of blog sites to the more complex and risky nature of e-commerce sites, which involve inventory management and higher upfront costs. The speaker is intrigued by the potential of building a portfolio of such sites to create a significant passive income stream.
Mindmap
Keywords
💡Flippa
💡Blog site
💡Astrology and spirituality niche
💡AI content
💡Yearly profit
💡Upwork
💡Passive income
💡Portfolio
💡E-commerce site
💡Content planning
💡Risk management
Highlights
Purchased a website for $4,000 on Flippa, a platform for buying and selling websites.
The website is a blog in the astrology and spirituality niche.
Website was already generating an average of $120 a month for the past 8 months.
Paid $4,000 for a site making $100 a month, which is above the average market price.
Invested in courses to learn about buying and renovating websites.
Spent $2,300 on a thorough course and $400 on another teaching similar content.
Courses recommend buying a first site under $1,000 to minimize risk.
Investigated the website thoroughly before purchasing.
Warns against buying without knowledge and suggests starting with a low-risk site.
Importance of checking for AI-generated content on blog sites.
Use paid tools to check for AI content and read articles for quality.
Courses teach how to build a portfolio of websites for passive income.
Hiring writers and tech people from platforms like Upwork and in countries like Pakistan or the Philippines.
Can hire writers for as low as $2 for a thousand-word article.
Recommends writing own articles first to understand quality before hiring.
Excitement about the potential of buying websites for passive income.
Sites on Flippa range from $500 to multiple millions of dollars.
Sites sell for about three times their yearly profit.
Advises learning before investing in larger sites for significant passive income.
Blogs are safer and lower risk compared to e-commerce sites.
E-commerce sites require dealing with inventory and are more complicated.