Have you ever given any thought to purchasing a website that is already established? Personally, I think that this is a good alternative to starting on your own from scratch. Of course, there are some pros and cons to buying a website as opposed to developing on your own.
First off, let’s take a look at the benefits. Number one, when you buy an established website you will have an idea of the type of traffic and revenue that it is capable of. This type of information can be quite useful when determining how much money you are willing to spend.
Another benefit of buying a website that has been around is that you can ask questions of the past owner. He or she will be able to tell you what to expect, what they have done right, what they have done wrong, and much more. Obviously, when you develop on your own you are diving into the unknown.
The biggest downside of buying an established website is that you will have to pay a premium price. In most cases, websites will sell for 10 to 12 times their monthly income, on average. So if you want to purchase a website that earns $100/month, you can expect to pay anywhere from $1,000 and up. Of course, this can change based on a number of factors such as traffic, recurring income streams, and overall potential.
To go along with paying a premium, buying an established website means that you will not get to watch it grow from day one. Many webmasters love the thrill of growing a site from the ground up. If this sounds like you, buying sites that have been around may not suit your needs.
I have never purchased a website; all of mine have been developed by me from day one. But with that being said, I am considering the benefits of buying in the near future. Now that I have enough income to purchase some solid sites, it may be advantageous to spend a bit more money up front in return for built in traffic and revenue.
If anybody has suggestions on what to consider when buying an established website, please let me know via comment or email. And of course, if you have a website or blog for sale, let me know!Â
One of the biggest problems that I have when it comes to business is jumping ahead of myself. In other words, I want instant gratification. But as you well know, this is not the way that things work in the business world; at least not most of the time.
In the cases that I have been patient my businesses have flourished. The number one example of this is the resounding success of my freelance writing career. If I would have given up after the first month (when I made $52), who knows what type of job I would have at this time. The same thing holds true for this blog. Even though I am not getting loads of traffic, it is increasing steadily. And along with this my income is doing the same. I am hoping that in another few months things will be even better in both the areas of traffic and earnings.Â
It can be difficult to stick with a business opportunity when it is not working the way you had hoped. After all, who wants to waste time on something that may not end up a success? It is important to believe in your idea, and give it enough time to work out. Quitting takes all your problems and gets rid of them. But at the same time, quitting also gets rid of any chance you have of success. And if you are not set up for success you will have no chance of achieving it in the future.
How much time are you willing to devote to growing your business or blog? Make sure that you take enough time to give every opportunity your all. If you work on a business for a year and you do not see any results, it may be time to move on. But all in all, until you give each opportunity a fair shake, you will have no idea what could have come.
There used to be a time when calling a client was pretty much the only option that you had. But in today’s day and age, email has pretty much taken over. With that being said, you do not want to become overly obsessed with using email as opposed to good old phone conversations.
Believe it or not, I have worked with some clients for a couple of years without ever talking to them on the phone. I initially touched base with them via email, or vice versa. From there, everything has been emails back and forth. And to tell you the truth, this seems to work out fine in most cases; especially if your client is based in another country.
I have also discovered that making a call to a client is not a bad idea; even if you have never spoken to them in the past. When you call a client you are doing two things. First off, you are giving them a voice to put with all of the emails that you send. This is a great way to personalize your email correspondence. Additionally, when you call a client it really shows them that you care. This is not to say that you need to carry on a long conversation, but calling to check in or say hello is a good idea.
As a freelance writer, my primary mode of communication is email; there is no denying this. Personally, I love communicating via email because it is quick, and sending work back and forth is a cinch. But in order to make your working relationship even more valuable, you will want to consider calling your clients sooner or later. They will definitely appreciate you taking the time to do so. And in many cases, this will help you to garner more work from the client in the long run!
