Yaro Starak is a blogger I follow closely. His posts are incredibly well written and he is one of those genuine down-to-earth people that has been there and done it. This is what his personal experiences have been...
"I remember my first website sale. I made $13,000 Australian dollars selling a website that I had built from scratch myself. That sale was a big windfall for me and a moment I won’t forget because it was the first time I saw the real potential of online property investment.
Since that sale I’ve gone on to sell more than $150,000 USD in websites. Some of the sites I built myself, investing my own time and sometimes money, while others I have purchased and then sold for a profit at a later date.
I’ve never lost money on a website investment, although I have bought some sites that were not big money spinners - I got out with pretty much the same as I went in with. When profits are made though, the worst I have done is double my money." rest of Yaro's post here...
1 comment:
A big takeaway for newbies is the shortcut... why would you spend years trying to build a website, when you can buy one already built with traffic and an income?
Say it takes you 2 years (working an hour a day) to get a site or blog to earn $2,000 a month. At $20 an hour that site has cost you $14,600.
Wouldn't it make more sense to invest $14,000 up front and have the income from day 1 and spend your time tweaking the site?
In Yaro's case he had recovered his cost in 6 months and it was profit from there.
I guess it comes down to how money you have to spend and how much value you put on your time.
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