Hey Prosperly fans. Im happy to report that I recently sold another website. And as normally happens, the buyer emailed me out of the blue. It was good timing because I was hoping someone would contact me about that site. I realize that the reason I do so well with this business model of buying and selling automated websites for profit is that I get to work on new websites all the time.
If I was stuck only working on one business I would get bored really quickly. Now having said that I wouldn’t suggest that you start new websites until your current site is making money on auto-pilot. Don’t move onto the next project until you have a good handle on the first.
The site I sold was in the home category and I sold it for just over $50k. This was an 18 month multiple. Now I know that I have had bigger transactions happen but $50k is still $50k and when everyone is talking about how bad the economy is I think it just goes to show that if you do things right you will still make really good money. I have to say there is nothing like having a large sum of money like that show up in your bank account. It really is a good feeling.
4 comments On Just Sold Another Website…This Can’t Be Coincidence Can It?
hi adam, i just signed up for your newsletter and can’t wait to read the ebook. but in the meantime, how much time do you dedicate to building, ranking and making a site profitable before you flip it? or simply, how long does it usually take you to get a site profiting on auto-pilot (before you sell it)?
It really depends. The bulk of the work happens in the first couple of weeks but you should always be adding content and building links. As far as flipping goes I would wait for the site to be making a consistent income before I would try to sell it. When I sell has often been determined by people coming to me and asking to buy.
Well done! But how come no mention of the site name?
Not sure how the buyer would feel about it so I decided to omit it.