Well, I have good news to report. I just sold a website that I bought last year. The website was in a very very competitive yet lucrative industry and based on the success I have had in other industries I decided to try my hand in this one.
I bought the website (I paid 5 figures for it which is the first time I have ever gone that high for a site) and started optimizing it. Really all I did was build links for the site since it was ranking on Google pretty well but just needed a little boost to start doing really well.
Well I got wrapped up working on other websites and never got around to changing anything on the website. The SEO on the site was not bad but conversions could have used some help. So for almost a year all that was happening on the site was link building. Now if you have ever read Prosperly before you know my take on SEO and link building.
The rankings did slowly improve (and I mean slowly) but I was patient. Well apparently that was enough to get someone interested in buying the site because in December I received an email offering to buy the site for more than I paid for it without knowing anything else about it. I countered with a much higher price and eventually we settled on a price that was more than double what I paid for it.
Not bad for a years worth of link building and nothing else. Let this be a witness to you that SEO is the key to building websites people want to buy and that there is money to be made in 2011.