How does one buy an established website? What about selling them? Where do you go for that? In this chpater, I cover the best types of websites to buy, what marketplaces you should use (and shouldn’t use) to sell a website, and even give you a preview of my…
I promise I’m still here. This has been an incredibly busy (but in a good way) time for both Blogging Experiment and our popular training program: Buying & Selling Websites. While the Blogging Experiment design should most likely be finished within the next week, I wanted to let you all know a little about the other “project” that has been taking up so much of my time recently.
Buying & Selling Websites has been a very popular, helpful resource for those wanting to learn about the art of buying and selling websites. There has always been a real lack of good training for those interested in purchasing a website, sell an existing one, and answer all the questions in between.
BASW was put together to address the who, what, when, where, and how to an industry literally begging for quality information on the topic. We’ve received rave reviews from our members, and I’m excited to announce that we’ve only just begun.
In the coming months, BASW is going to be revamped with even more material, videos, and training so we can continue to be on the cutting edge of all things related to Buying & Selling Websites. With these new additions, we wanted to give the site a brand new look, and I wanted to share it with you today.
Admitedly, this may not be the final design, but it’s the direction I’m leaning, and I wanted to share it with you. For those of you who haven’t joined, now is the time. Due to the nature of the content we provide, and the fact that we even had one student tell us he would have gladly paid $2000+ for the material (that was great to hear), we are going to be raising the price of the training back to around its original pricepoint (but not anywhere near $2,000 so don’t worry – even though it is worth that many times over we want it to be reasonable enough for the “average joe” to be able to participate).
So for the next 30-60 days, you’ll be able to get the entire training + ALL the new material (when it is released) for the insanely low price of $99. This wasn’t meant to be a sales ptich, but as I started writing about the new design, I got excited with thinking about how great the new material will be. If you want to be “grandfathered” in at the $99 level, I suggest you join soon. Obviously, this is not a “You have to join by midnight tonight.” We’re not going to officially launch this for a couple months – and the $99 will be in tact until then – but it would be a great time to get your feet wet with the content and videos we already have and browse through our mastermind forum.
So here is a preview of the new design (click here to enlarge). Let me know what you think. And for those considering joining our BASW Community, let me encourage you to take that step. We’re passionate about this material, and we look forward to proving it to you!
My “world class training product” (well I think so anyway) is now available to the public again!
I have been getting a bunch of emails from people who missed out on my training class from 3 months ago. I’ve also had people asking me for resale rights to the course since I was no longer selling it.
I got to thinking, since the videos are just sitting in the members area, why not let other people make money from them since the content is already made.
So, I’ve decided to open up the course again and let affiliates make money from it.
I won’t be advertising the website myself, so you will have no competition from me.
I’m basically just opening up the existing content so you and other affiliates can make money from my hard work and knowledge.
Since I’m not going to be as involved with the day to day training like I was before, I’ve dropped the price down to $99 and I’m paying a 60% commission to affiliates who want to promote the course.
If you have a website related to making money, have a blog or email list, you can make about $54 for every person who signs up for the class.
I’ve set it up through Clickbank, so it’s very easy for you to get started making money from the course. You can get your affiliate link from this page:
http://www.buyingandsellingwebsites.com/affiliates.php
You probably know by now that the value of the education I’ve provided to students and you know it’s worth WAY more than $99. But, since I dropped the price, it will make it a lot easier for you to sell.
I’m letting you know about this first so you have the first chance to begin promoting it before anyone else. Usually the first people to promote an affiliate program are the ones who make the most money.
I let the buyers of the course have first crack at this affiliate program last week, and one of my students has already made $378 in commissions from the product in the first 4 days!
Here is the sales letter so you can see where your visitors will go after they click your affiliate link:
http://www.buyingandsellingwebsites.com
Anyway, just wanted to let you know what is going on.
If you have any questions, let me know.
Talk soon…
Believe it or not, buying and selling websites and blogs for a profit was a fairly foreign concept to me before deciding to sell Blogging Experiment. Since then however, I couldn’t help but learn a few things about the subject. Today I’m going to cover a few of the basic premises of flipping a website. Don’t worry, this won’t be too in-depth (I’ll leave that to Max, if you haven’t yet watched his video you should) but hopefully this will get the old juices flowing and maybe even give you an idea or two.
This can be easy or hard depending on the market. The internet does go through little spells of ups and downs and in the process some good websites get sold quickly at a bargain price. This would obviously be an ideal choice for the flip. You buy it, hold it for a bit, get some revenue on record, and then sell it when the market gets stronger. Unfortunately you will not find this too often. You’ll have to fight some of your base instincts and look for a bad website.
This doesn’t mean you should buy complete trash. You’re going to have to look for a website that has some horrible mistake, one that just jumps off the screen and makes you want to close it. This can be a poor design choice, an awful color scheme, an incomplete menu, etc.
If you find this then take a minute and examine the content to see if it’s any good. In general you won’t find it worthwhile to fix bad content. Adding new information to a half-decent website makes sense, so don’t be turned off if the website doesn’t have enough. Rewriting the entire website is going to be incredibly time consuming though. Unless the domain name is golden then you would be in almost the same place as if you just started from scratch. In all honesty, there isn’t an ugly site or blog out there that can’t be repaired with some tender loving care. So, if the content is decent and the domain name is workable the next step is to start working the math for it.
Doing the math will help you to figure out how much the site will actually cost. I can’t really work out a scenario that will apply to everyone. Different problems require unique fixes with unique costs and no two websites are going to present the same problems. You’ll just have to work out the estimates as best as you can. The important step is to etimate the damage the last owner has done to it and decide whether you can fix it yourself, and if not, how much the proper coder will cost. You’ll probably want to have a better design and make the menu look more stylish. The header and logo almost always need a revamp on flipped sites too. Also include the cost of any marketing you plan on doing as well as any operating costs (paid authors, hosting fees, licenses etc) and you’ll have a pretty good flip estimate.
Use your estimate to decide what you’ll bid and set a firm cutoff in your mind. While you’re at it see if there is a similar finished site for sale somewhere else and get a realistic idea of the possible sale price once you’re done with it. Flipping depends on selling the website at a good profit. This is obviously much easier if you don’t pay an arm and a leg for it in the first place. All that’s left for you to do at this point is watch and wait for the auction to wrap up. If you lose, just move on to the next opportunity. If you win, throw your plan into action and let the flip begin.
As I said, this is a VERY basic overview of site flipping and I’m far from an expert. But if this sounds like the type of thing you’d like to try, consider signing up for the course Max is offering. A small investment early on will save you a lot of time and money in the long run.
Buy the Blogging Experiment Theme for Only $75!
Just a real quick post in case the email I just sent gets tossed in the spam folders…
For those of you interested in learning the real life, step by step process my partner and I use for buying and selling (or building and selling) websites, the training class registration is now open.
A quick recap:
The class starts on Monday, April 28th 2008.
Only the first 20 students who register will be part of this “test class” (explained here).
Since this is a test class, the tuition is reduced from $400 to only $200 (with full money back guarantee also).
Registration closes on April 27th or once 20 students register, whichever comes first.
You can register for the class at the link below
http://www.buyingandsellingwebsites.com/welcome2.php
(Sorry, there is no super slick sales letter for the class. If you’ve been reading my blog posts, you know the class will have killer content. If you need a professionally written sales letter to convince you, then you probably shouldn’t sign up!)
I’ve been getting some great questions about the class, so I’ve posted my these and my responses on this FAQ page.
This class in and of itself will be a great internet business lesson. What you are watching right now is how you can start from nothing, build credibility in a new market, launch a new product and make money all in less than a month (class students get to see the behind the scenes stuff I’m doing right now).
If you have any questions for me, please leave a comment below or email me using the contact us form on this site.
On A Different Note:
I’ve been testing a super easy money making strategy the last couple days and it looks promising. You may have heard of it before, maybe not.
I wouldn’t call it a full blown internet business, but so far in my testing it looks like it has the potential to make at least $1,000 per month with about one hour per day in “work”, if you can even call it work.
I’ll put together a video explaining this business and showing you REAL LIFE RESULTS in the next couple of days. Just want to let this experiment run a little longer to make sure the income is not some kind of fluke.
Talk with you soon…
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