14 Mar 08
25 Apr 11 1:14 am
I think this highlights the importance of what I always tell people, that your first site should be about a niche topic that you enjoy or like.
It does not matter so much about the money..what is important is that you will learn alot about the whole process involved in building your own first site.
Even later down the track if you are not making a lot of money you can decide to sell your first site or hang on to it and just write articles about a topic you like to talk about.
And as for site flipping, people sell websites because the money they can make can be compounded faster.
It all depends on how fast and how committed they are.
If I had 3 sites all making me $50 a month per site and I wanted to sell each of them for about $600.
That would give me $1800 to put into building another site with more content etc... or to do my own product.
It is not so much about the money you make every month that is ongoing, it is how fast can you take that money and turn into into more as fast as you can and then take that money and turn into into more as fast as you can and then... well you get the point..
Flipping sites in my opinion is about compounding your money as fast as you can which gives you the capital to do more things faster. You also get the benefit of buying an aged site that may have some pages already indexed.
But these sites still need to be worked on and built up like Cecille pointed out.
Sitepoint.com and flippa.com are two sites to look at.
Enjoy the little things, for one day you may look back and realize
they were the big things.
-- Robert Brault