A tried and true tactic to making money has been to build something from scratch and then sell it to the highest bidder once the going gets good. Just look at all of the mergers and acquisitions that go on in the business world; this should give you an idea of just how much money is potentially at stake for you. You could sell a small business to Google, for example, and net yourself $1.6 billion.
Taking the ‘real-world’ example and modifying them to something you can do in your spare time is pretty easy, conceptually. With all things, however, you are going to need to dedicate time and effort to making things work, grown, and prosper. It won’t be easy, but you can do it.
If you’ve never heard of it before, there’s a huge marketplace for websites on the internet. More than one, actually, but this post was inspired by an auction currently going on at the sitepoint marketplace.
This auction is for a premium, well established, monetized, popular website. Minimum bid: $500,000.00. Small fries need not apply. This auction caught my attention because I’ve used that site in the past. It also caught my attention because it’s being sold for at least half a million dollars.
So how can you build, market, and sell a website for a profit? The principle is easy: Build a site, build a following, then sell the site. Now, as webtrepreneurs, we all know that quite a bit of effort is required to make things work out. Starting this week, we will explore these 3 topics: how to build a website, a community, and finally, how to sell the website for a profit. Be warned: you will need to spend a few bucks to try this, but it takes money to make money.
The methods that I will teach you are tried and true; I’ve built a few sites using this plugin and the sites have already paid me back nicely. Bring a good attitude and a business spirit and get ready to jump on the online money train!
Are you interested in making money online? Then stay tuned and sign up for my RSS feed. We’ll do this step by step so that by the end of the series, you will have a website that you can build on and get it ready for sale.