When buying a site on Flippa, what are the ways you can protect yourself from purchasing a site with hidden problems or misleading income numbers. For example, they were making money last month because their search placement was higher and it has since dropped.
I have been bidding on a few...
-randyya- It depends on who joins, what their success has been in, and what parts of their success are scalable. I have some of my own ideas as well.
Basically, my first preference is to do something that someone has already had some level of success with. That is how I started my offline...
My thought: don't try to invest $5000 in something. Try to invest a small amount, max $500. If you are profitable, then put the rest of your money into it to do it on a bigger scale. If you aren't profitable, your money lives to test another idea.
-nanavlad- I am simply putting together a project and business team. I add a business dimension to online skills. People bring skills, I bring a business perspective. I am a person who is constantly looking to grow and improve. I ask how can this be done better, how can we increase our...
Something I haven't seen talked a lot about is buying sites from flippa or dp that currently are producing revenue, putting a bit of money into them for SEO or whatnot, and just holding them. Maybe even reinvest a portion of the monthly income from the site to grow it.
I am wondering if that...
My opinion is that business is more about execution than about secrets. In certain areas this may not be true, but in the majority of businesses, it is just that you do it better than the guy next to you.
I think it could be a good idea for sure. It seems like it would be a huge investment of time to film it and edit it though, unless you are planning to just film certain parts of the process. Maybe just try it out and see how it goes.
On that last note, just to clarify so there is no misunderstanding, this will be a bootstrapped project, people paid from profits generated. Distribution of profits agreed upon before project start.
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