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Noob in site buyin

Discussion in 'Site Flipping' started by creetin, Aug 4, 2013.

  1. creetin

    creetin Newbie

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    Hi guys, am reading this forum as I have been on Flippa lookin for sites to buy. objective is to get a passive income with minimum time per week. However am able to commit some time to manage the sites as well. Now, I am gettin a bit confused....

    1) what skills are required to run a website? my experience is mainly with some simple website tools (xsite pro) and microsoft. I do understand however a control panel is usually sold with e sites for site management?

    2) with my skill set is it enough to buy and manage websites - i am confused with e range of options (wnd, clickbank, adsense, etc). also i am afraid that algo changes might bring about a hit to the income. is it possible to manage that via freelancers? ie. algo changes and hire SEO?

    3) i have seen the easiest deals being wordpress blogs on click ads generating $300+ per month. would these be easiest to manage?

    4) reading on this forum - seems that everyone is afraid of being scammed, myself included. used to think high end would reduce this risk but seems that low or high end sites do have this risk as well?

    5) would high end sites require a team to run? ie. technical programmer? am referrin to sites worth $30k making probably $5k?

    hope for some insights to begin my internet journey!
     
  2. cryptons

    cryptons Jr. VIP Jr. VIP Premium Member

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    it all depends on you how efficient are you if you are not efficient at all 30k$ site would also give you nothing!
     
  3. bryanon

    bryanon Executive VIP Premium Member

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    Welcome to BHW!

    It depends largely on the particular site. There are sites that require little to no skills to run and maintain (content sites running Adsense, for instance - in these cases you just need to come up with our outsource new content and add it on the site) and there are others that require a whole set of skills.

    Before you go ahead and buy a site I would highly recommend to look into all most common monetisation options (some of which you've listed yourself) and get a good understanding of how they work. In most cases, it's no rocket science but you WILL have issues if you buy a site without having even basic knowledge on the monetisation channels used.

    The only two things you can do are a) don't buy sites that rely overly on search traffic; 2) prior to buying a site, analyse its link profile (or hire someone to do it) properly to determine whether any dodgy SEO tactics have been used in the past that could hurt the site down the line. Once a site does get hit, it is VERY difficult to recover it.

    Content sites (blogs, news sites, etc.) are often indeed quite easy to manage. Mind you though, in cases where the current owner is creating content in-house, rather than outsourcing it (and hence doesn't declare it as a cost), this could be an issue for you as not only would content production take time, you would also need to be fairly knowledgeable on the subject. Another (better) option is to outsource content production but this will obviously result in additional expenses.

    It's true that scams are more common at the low end of the industry (<$5k) but that's not to say fraud doesn't happen at higher price levels. It does and in many cases, the scammers are more experienced and better at what they do, making it more difficult to see it through.

    Again, it depends. In all price ranges there are sites that are passive or nearly passive and sites that require a full time staff member (or a few) to operate them. You need to look at each individual case one by one and determine how much time / resources would it take to run such site.

    Hope this helps.
    Bryan
     
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  4. creetin

    creetin Newbie

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    Thanks Bryanon! Very informative.

    The only two things you can do are a) don't buy sites that rely overly on search traffic; 2) prior to buying a site, analyse its link profile (or hire someone to do it) properly to determine whether any dodgy SEOtactics have been used in the past that could hurt the site down the line. Once a site does get hit, it is VERY difficult to recover it.

    with regards to your statement, what do you mean exactly? I thought that sites with high search traffic would be ideal to purchase since traffic = clicks = $? So assuming we dont buy sites that over rely on search traffic, what other sources of income are there?

    And yes i would definitely use the due diligence reports before I purchase!

     
  5. morgan456

    morgan456 Jr. VIP Jr. VIP Premium Member

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    This would be a informative post to refer for those who are in the verge of buying a new website...! Great share dude...!
     
  6. creetin

    creetin Newbie

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    Hi guys. if you had $10k... would u buy 3-4 sites or just buy one good one at $10k?
     
  7. creetin

    creetin Newbie

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    Following some of the members advice, I am going to do 2 things.

    1) setup a website - due to my lack of knowledge i should do something to help me learn on the way. This would be best... likelihood a wordpress with customised theme. going to use some outsourcing

    2) buy a website - probably in a couple of months time. i do hope to get in touch with Bryanon for this :)
     
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  8. papagate$$

    papagate$$ Jr. VIP Jr. VIP Premium Member

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    Definately diversify! Especially as this is your first go at buying sites, you want your eggs in as many baskets as possible. Don't jump on the first decent deal you see either.. browse flippa for a few weeks and get an idea what sites are going for and frequent scams.. Sites that look like easy money at first glance will seem like total crap to the seasoned eye.
     
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  9. elupite

    elupite Newbie

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    Be careful with scams!!