Entrepreneurs-Journey.com

In the past few weeks we have seen some fairly high profile blog sales, at least in the make money online niche, including -

• BloggingFingers.com ($6,000)
• CashQuests.com ($15,000)
• OneMansGoal.com ($8,500)
• Blogtrepreneur.com (Not Sold Yet - Predicted low five figures)

If I had the writing resources available to me I would have loved to have snapped up all these blogs to create quite a nice make money online network, but that would simple be beyond my capabilities to manage at this time.

Blogging Fingers was the first to tip the scale, gathering attention from plenty of other blogs about the sale. This in turn led to the other sales, which haven’t quite garnered as much attention but that certainly hasn’t harmed the final selling price and I think therein lies one of the main motivations for this spurt of blog sales - the money is good.

I’ve been in personal contact with a few of the people behind these sales and I think it’s safe to say for every blog listed above, the main reason for selling is “personal reasons” of some kind, which to me means there are other projects they would like to move on to, they have grown tired of writing to their blog or something a bit more serious has forced them into the sale.

Does This Indicate The Start Of A Mass Exodus?

Read the rest of this entry >>

[ Add Your Comment | 22 Comments ]

Continuing the thread from yesterday’s post regarding Ed Dale and the Dominiche system for buying and selling websites, I thought I might relay the story of how I acquired a set of niche websites that presently generate roughly $1675 in monthly passive income.

Unhappy With My Blog Income

The reason why I decided to go looking to buy websites was because I was not satisfied with the income I was generating from blogging. I was making about about $2,000 to $4,000 per month, no small amount for most bloggers, but I was still frustrated with the slow growth that is the nature for most blogs. This was back in the latter half of 2006.

I wanted to use the revenue generated from blogging and reinvest it to accelerate my income growth, but I was wary of increasing my labor as a result of any purchases. I had already experienced what happens after buying another blog when I acquired SmallBusinessBranding.com back in December 2005.

For the months that followed the purchase of Small Business Branding I came to a very clear understanding that while buying additional blogs can increase your income, unless you come up with an alternative content model to writing it all yourself, you end up significantly increasing your workload.

There is only so much blogging one person can do, and if you read through the archives of this blog you will see I have thought considerably about using blogs as a passive income source and eventually changed the structure of Small Business Branding to reflect a better model (see How To Outsource Your Blogging for details and also my series on professional blogging as a sustainable business model).

With my previous experience I decided that for my next website purchase I wanted something that was a pure passive income source (or as close as possible) and preferably was so from day one - I didn’t want to have to hire any people to produce content or perform any significant ongoing roles myself after buying the site.

User Generated Content Is Gold

I’ve always loved sites that grow because of the existing user base. If the people who use your website also create the content, thus generate the value, and even better - spread the word (market) for you - then you have the perfect formula for passive income.

Read the rest of this entry >>

[ Add Your Comment | 25 Comments ]