14: How to Buy Income-Producing Websites, with Chris Guthrie

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 8 August 2013

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In Episode 14 of The Side Hustle Show, Chris Guthrie helps me explore the idea of buying income-producing websites as a side hustle investment strategy. It takes a little bit of capital to play in this game, but Chris explains the first site he bought cost just $500 and has paid for itself many times over. Buying websites is a risky endeavor, which is in part why the potential returns are so attractive. In the interview, we talk about how to mitigate your risk, find some winners, and make some money! Subscribe to The Side Hustle Show in iTunes! Subscribe to The Side Hustle Show on Stitcher! Listen to the episode to learn: How websites are typically priced. How Chris finds sites to buy that aren't even "for sale." How to identify sites that might be undervalued or under-monetized. How to do your due diligence to avoid getting screwed. Ways to increase the earning power of a website acquisition. How to transfer the site into your ownership. Chris' #1 tip for Side Hustle Nation. Links mentioned during the show: Flippa.com - the leading marketplace for buying/selling websites 3dtvreviews.org - Chris' first website purchase CopyCatCrafts.com - a site he bought for public case study semrush.com - shows what keywords the site is ranking for moz.org compete.com - can give an estimate of site traffic ahrefs.com - link analysis tool Copyscape - tool to determine if a website's content is original or not Vibrant Media / Kontera - contextual advertising services Escrow.com - for safe funds transfer WordPress Search and Replace Plugin - for swapping out affiliateIDs on a newly acquired site. One thing we didn't talk about during the show but is worth mentioning is an inexpensive software tool Chris built to help filter and sort through the madness on Flippa. It's called SiteFinderPro, and I actually used it a lot last year when I was spending time looking through all the Flippa listings. Ultimately, I didn't find anything attractive enough to pull the trigger on, but that tool definitely saved me time. You can learn more about Chris at MakeMoneyontheInternet.com and check out his Kindle books here. What do you think about buying sites as a side hustle strategy? Faster (and potentially more affordable) than building one yourself, but without the DIY satisfaction. This is one I would certainly love to get more involved in, so curious to hear what you think. Let me know!

Transcript

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0:00.0	This is the Side Hustle Show with Nick Loper, episode 14.
0:03.0	Welcome to the Side Hustle Show.
0:06.0	Where aspiring part-time entrepreneurs learn how to turn their side hustle dreams into reality.
0:12.0	Because your 9-to-5 may make you a living but your 5 to 9 makes you alive.
0:17.0	And now your host Nick Loper, here.
0:25.0	Hey everybody, Nick Loper here.
0:27.0	Welcome to the Sidedessel Show.
0:29.0	This is episode 14.
0:30.0	Thank you so much for tuning in.
0:32.0	Couple shouts at the top of the show
0:33.7	for a pair of new five-star iTunes reviews.
0:36.8	You-Dub Bradley from No Weather Fans.com says
0:41.1	definitely makes you think of how you can leverage your hobby or expertise into a real side hustle.
0:46.8	And Mr. Travis Scott adds best new podcasts, very creative.
0:51.9	There's that word again. So thanks so much guys.
0:54.0	Really mean it and I love the support. Today's show is all about a side hustle
1:00.1	with an investment angle buying and holding income producing websites. It's a great
1:05.2	opportunity to buy up some digital assets in your spare time and earn some cash flow on
1:10.2	a monthly basis. You can get started for as little as $500 and typical annual returns
1:16.7	based on the price of the site range from 33% a year to 10 or to 100% a year. So you can compare that with stock market return to see why this is a pretty
1:27.2	lucrative and attractive side hustle. But like any investment, there are always risks involved and pitfalls to avoid.
1:34.8	So I'm excited to have Chris Guthrie on the show today, an expert in the field who's going to walk us through his firsthand experience of buying and selling websites.
	...

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