There are so many types of investments to choose from that one flies under the radar and is not mentioned often. That is buying and selling blogs and websites.
It may seem strange to think of it, but a website is an asset just like many other tangible things. Many of them make money and those that don’t can be monetized so that they do.
If it makes money, then it can be something to buy and sell.
You don’t need to have much experience with anything internet related to do well with flipping websites. You just need to know a few basics.
In this article, we will go over some of the things you need to know before you buy your first website.
Pick the right niche
The best place to start is to do some research into profitable topics. Before you head to a website auction site, you need to know which niches are going to be consistent winners.
Check out Monarch monarch as it highlights many money making topics that can start you on your research.
Look for a niche that you might already know something about if you want to maintain your interest and not just look at it as a cash cow. You can be totally hands off and still make money, but the more you know about the subject, the more likely it is to succeed.
Stay away from sites that are in the YMYL niches. This refers to Your Money or Your Life and include anything health and wellness, and finance. Google has been penalizing sites that are in those areas since there is a lot of bad information and fear mongering so it is best to avoid those.
Understand the metrics
There are going to be a lot of numbers you need to understand so you know what you are getting. Obviously, the revenue that it is making is your biggest concern, but you want to see numbers that will help you know if the revenue will continue after the sale.
Traffic and page views is a big metric but doesn’t always tell the story. How is that traffic coming to the site? Is it all from search engines or do they have a big social media presence bringing readers to the site? You’ll need to know this so you know how to keep that momentum going after you’ve bought it.
Do some analysis of the backlinks that come into the site. These are links from other sites directed towards your potential site. They are basically votes that Google uses to determine if your keyword should rank and get a high position in the search results.
Many people use some shady methods to get those backlinks so you need to understand where the links are coming from.
Conclusion
Once you have your research done and have identified a good site to buy, then you can either let it coast and collect the revenue until you decide to sell it, or you can put some work into it to grow the revenue so you can make a return on your investment sooner.
