Purchasing websites, advice?

Okay, I'm 21 years old, I work seven days a week and save my money and have been for a while. In a few years I'll have just about $20,000 in cash to invest, I am *considering* putting it into websites that are already made and making money. Is there any advice or input anyone can put in?

 

invest them in forex and stock better

 

DO NOT invest in Forex and Stock market unless you know what you do. It is very easy to lose all your money overnight with the above mentioned activities.

Do check out marketplace.sitepoint.com if you want to invest in websites. Good luck, and do not waste your money. And remember, education is the best investment.

 

Actually i agree with you. Forex is a good way to make money.


Mario

 

Education is best.

Well for site.
You really need not to invest this much.
Try with 500-1000$ with a good project including marketing.
Sooner or later you may get returns from it.

Forex and all risky Biz.
Lol if you were situated some where else, then i would have suggested you to buy land

 

Do not put all your money in a single website.
Coz you need split the risk.
So you must use it to buy as many web site as possible.
You should try to buy some quality site at sitepoint and dp such as well known forum v7n

 

You've got $20,000 to spend on websites, now my best advice would be to split the money into $1,000-2,000 investments (Depending on how much you are willing to risk).

So you are looking at running 10-20 websites in a few years, now this means you are able to earn a lot of money from doing this.

I suggest you buy websites which already have a good income of traffic, you don't need to do a lot of work and within the first of buying the website, you should of made of your money back. Now for example if you set your price to $1,000 - Buy the website for say $500, then spend $250 on increasing your blogs traffic & income, then the other $250 to spend for new content and what not, this means you should be able to get your money back.

I'd suggest before thinking about buying websites, you learn how to run them, how you can increase your traffic etc, so you don't invest in websites which you know will not go very far.

I suggest you look into
- Adult Websites
- Casino Websites
- Education Websites
- Tutorial Websites

These seem to be the most popular ways to make money.

Now if your looking to keep around the same topic, you could open your own proxy-network with $20,000 and make it a big-hit easily.

You've got a lot of options to be honest.

 

if you are going to buy a website do your due diligence and make sure you enjoy the subject matter of the site your investing in it will be much easier to be successful if you are have a bit of fun.

 

Yeah, I was thinking maybe taking that $20,000 and using like, maybe a fourth of it on sites and start out buying $500 and $1000 websites, I've ran websites before but marketing I could use some more experience in. I figure if I can get a few sites at first for $500 to $1,000 a piece and get used to running them and get them to the point where it's some pretty secure income I can go from there. What do you guys think?

Oh, and yeah definitely have to get an interesting subject, I know I could even start a site and could afford a lot of initial marketing and even pre-made tools to make it easier with even a small portion of that $20k, we'll have to see, I have a few thousand saved up right now so I've even *considered* going ahead and starting but I just think if I even touch it right now it'll be hard to stop lol

 

Do not invest in Forex unless you know what you are doing and read about it, and you are willing to risk your money and have a spare cut of money you don't need - you can invest in Forex only after you have established a stream of income from your sites you are going to build. For a start i would say, keep your money in a safe place and insure that there is a good interest on it. Also, when buying already made website there is no guarantee that it is going to last forever, and there are many scams going on, so unless you are sure 100% that the sale will be legitimate and the website will make the same amount of money in the following months to come, do not buy already made websites. You don't want to get into buying and selling business of sites, you just want to buy a good website that will serve you, you also don't want to buy 10 websites, but just one or two, that you will further develop and these will make good money down the road. If you want to build your own website or want to purchase one, make sure you will do a proper research about the niche and see if it's profitable and if you can expand it further to make even more then what it makes right now.

 

Hey thanks for the input Any other thoughts or suggestions? Anything I should do more research on?

 

If you've never purchased a website before, check out the article in my signature about protecting yourself against domain name fraud.

Since a website comes with a domain, just skim over that and be sure that you take some basic steps to protect yourself.

 

I would say dont buy a made website....unless you have an idea you can spin on that website. The person that had it before squeezed all they could outta it before dumping it on you.
Build your own, get a team together brainstorm...

 

I agree, you have to read a lot about it before investing in forex trading

 

Go to sitepoint market place everyday and get a feel for what kind of sites are going for. Majority of the sites aren't worth much. Eventually a good web site will show up and you will be ready to bid. In general sites go for 6 to 8 times their monthly income.

I personally would get two sites around $10,000 each. With that you should be getting minimum or $2,000 per month from those sites.

Then dedicate your time towards those too sites. This is a little more risky then if you bought 10 sites but if you do it right they should pay for themselfs.

 

Hey, I love you avatar. Bender FTW And great advice of course THX

 

You have an excellent savings, so you should try to keep most of it as possible. I would focus more on having a solid plan of action with a website, more than purchasing multiple sites. At first I would just purchase 1 site for up to $2,000 max and then I would focus on learning to run that site and make it profitable. ONce I made a return on my investment that covered my initial $2,000 + whatever I put into the marketing, then I would move on to the next site.

This would ensure that you don't take to big of a loss at anytime. If you can't seem to produce an income with a website after sending atleast 200 visitors a day for about 1 month, then you should consider selling that site off.

Just try to build up a portfolio of successful sites that are most preferably zero maintenance.

You could invest in having a few unique products and websites created and then publish them into clickbank. Try to do some research and find out what are good products to sell.

There are just way too many possibilities with $20K, that is a good amount to set up and establish a profitable online business.

Good Luck and let me know if you need any help!

 

Whoa, do your research before thinking stocks. Look into ETFs, drips ect... go to MSN money. Good site to get some skills learned

 

I think he is more interested in web sites, not forex. Also using escrow.com is a must. Helps you not get screwed if the seller isn't honest.

 

There are lot of sites you can invest money,such as online shopping site, business portal like alibaba. Make sure that the sites in which you are investing has good amount of traffic.