If you’ve read the news even badly over the last 12 months, I’m sure you’ve seen the Bigger Fool Investment Strategy at work. It’s very simple, really - all you have to do is buy a property at a foolishly high price, and find a bigger fool to sell it to at a huge markup.
By now everyone knows it’s been going on a lot in the real estate flipping world. What everyone doesn’t know, is that it also goes on in the website flipping world. It’s much less prominent with websites, primarily because it is a much more transparent market. read more…
I really appreciate that you keep coming back to my site, it's loyal people like you that make what I do worth it. If you have any questions feel free to email me at Tony [at] BeginWorkingOnline [dot] com. If you like what you read, and find it helpful, make sure to share it with a friend - they'll love you for it! Remember, this blog is not about me, it's about you - so participate in the discussion, let me and the other readers know what you think and how you're doing.
Hate might be a bit strong. I don’t really hate it - in fact I think it can be a good thing - but I’m not too keen on it. In this post I will explain the top 4 reasons for that. For me these reasons outweigh the 5 benefits I described last time. They’re not problems for everyone, though.
The biggest problem I have with website flipping is that it creates a form of active income. I find active income limiting, and prefer creating passive income streams . It’s active income because you do the work (build the website, bring traffic), and get paid for it once. Whereas if you hold on to the website you keep getting paid repeatedly - after all, it’s a low maintenance website, right? read more…
More than $200,000 change hands every week in the website flipping world. I don’t personally participate in website flipping (for specific reasons that I will explain next time), but it doesn’t mean you can’t. I’m sure you are smart enough to make that decision for yourself.
To make your decision more informed, I want to outline 5 things that you can gain from participating in website marketplaces. One of the biggest benefits is that anyone can join - it’s that easy to get in. There are no licenses, no setup costs, no certifications, and no legal fees to get started. read more…
