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The Smart Passive Income Online Business and Blogging Podcast
SPI 707: How to Skip the Build Phase and Buy an Existing Website with Jared Bauman
Aug 16, 2023
In this podcast, Jared Bauman, an expert at buying and flipping websites, shares his step-by-step process to grow a website from $2k to $10k per month in profit. He discusses the advantages of buying established websites and explores the challenges of avoiding scams when purchasing a website. The podcast also covers strategies for transitioning an existing audience and email list when buying an established course, as well as financing and payment options for buying an existing website.
40:11
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Quick takeaways
- Buying and flipping websites can be a lucrative strategy for generating income online, with marketplaces providing opportunities to explore and purchase websites at various price ranges.
- When purchasing a website, especially one with an existing audience, it is important to be transparent and build trust with the audience by communicating the transition clearly and engaging with them through various channels.
Deep dives
Buying and Flipping Websites: A Strategy for Generating Online Income
Buying and flipping websites can be a lucrative strategy for generating income online. Marketplaces like Motion Invest, Empire Flippers, and FE International provide opportunities to explore and purchase websites at various price ranges. It is important to determine your goals and criteria for purchasing a website, such as the niche, traffic, and monetization methods. Due diligence is crucial, including reviewing analytics, financial data, and verifying income. Financing options can range from lump sum payments to payment plans, depending on the agreement between buyer and seller. It may be helpful to have a contract and legal guidance to ensure a smooth transaction. The key to success is having a clear plan for driving traffic, optimizing content, and diversifying revenue streams on the acquired website.
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