I presented on one of the Elite Retreat mastermind calls a few weeks ago, and someone asked a question along the lines of what kinds of sites I buy or what I look for in a site. Maybe counter-intuitively, my answer was that I like ugly sites -- but ugly sites where the ugly is only skin deep. That's because you can see a stunning amount of improvement when you put a better face on a site that is otherwise ... Keep reading »
Great post today by the new owner of Blogging Experiment on "What I Look For When Buying A Website." It's an outstanding look at all the elements of value in a site -- many of which most people never think about.
If you know what's valuable, you can focus on those things and make your exit as lucrative as possible.
Scott has a great post today over on Self Made Minds entitled: Buy for 2 years income and repay yourself in one year. I definitely recommend reading it. I've used that strategy a lot, and he's right.
There are two things to be careful of when doing this, though.
The first is to check the seller's claims of revenue very closely. I've been burned on this before.
The second is to remember that "historical performance is no indicator ... Keep reading »