I’ve never bought many websites (always sold them, though), but if you know how to spot a profitable site and are confident you can pump out more earnings with a little extra work, it’s worth it. The good thing about buying established websites is that the ground work is already done for you. All that is left to do is to add on to it and put some of your own flavor into it in order to churn out more cash. That’s something that I WANT to start doing, but only once I start making a decent amount of passive income from my current websites.

Thank you for this!

That’s why I realize that just as you stated, it is so very important not only to learn from your mistakes but to also not throw in the towel because of your failures. In addition, your point about developing and keeping the correct mind-set is ultra critical. With good plan, a wise mentor and a never say die attitude you can usually pretty much overcome any obstacles to building a successful online business.

I totally agree about the change of the business model that consultants need to adopt. I’ve been in the same situation before and thought there should be a better way of earning rather paid-per-hour or paid-per-project basis. Your article reinforce my thoughts and I’m glad I’m not alone. Concidentally I’ve just compiled a post on various online business models, your article has just given me more inspiration on this topic.

Thanks again for the great post.

Thanks for the article. It is a source of inspiration for me to keep on pushing on!

I got a site flipped this week

I built it from scratch – had Adsense income of $25 per month. Sold for $250.

Not bad. Thanks for the post.

Some very good info here, i’ll probably need to read it a few times for it all to sink in though!

Thanks
Sandi

You know, your article made me realized that though some income generating ideas do not really create passive income, they may actually develop into one that does generate profit continuously with less participation. Just by developing it like adding automation or creative leveraging, you can make unique way of making a fortune.

Thanks for this! It’s nice to find people who care. People like you…

I liked this post because it made me nostalgic about my first job. I started working first in a consultancy tech firm, and believe me that phase of my life was really frustrating period of my life. And the worst part was dealing with the clients who sometimes gets on my nerves, but I had to pretend to be calm.

You have nicely clarified the ideas of making the passive income. I liked these suggestions.

Thanks for this wonderful post.

My best to all fellow entrepreneurs engaged in this endeavor.

Thanks..

I like what you said about creating your own products because I have fifteen years of educational products waiting to be produced and marketed online and of course I need to figure a way to teach langauge online. I’m enjoying the journey as I read and continue learning, but this week in particular was a rough one for me mentally. Your post arrived in my mailbox at the right time because I again feel motivated and hopeful. Thank you for doing what you do. I hope to one day have a yardstick commute, and more importantly, the flexibility to work whenever and wherever I choose while doing what I love; writing, traveling and educating.

Rebecca Ford

Alot of info to digest. It covers every aspect of internet marketing. I like the buying a web site idea and will check out flippa.com

Thanks