398: Build a Website or Buy One that's Already Working?

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 23 July 2020

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If you want to start an online business, you’re probably going to need to build a website.

But could you shortcut the process by just buying one that’s already working?

In this episode, which is the fourth and final episode of our Showdown series this month, we’re comparing two ways you operate a revenue-generating website; building your own site vs buying an established website.

For this debate, I’ve got a couple of powerhouse guests:

Mark Webster from AuthorityHacker.com and the Authority Hacker podcast, one of my favorite resources for all things SEO and affiliate marketing. He’ll be representing the build side of this conversation.
Dom Wells from Onfolio.co is on the buy side. Onfolio, among other things, has a management service for website investors. He’s been in the website building, buying, and monetizing space for years.

There are pros and cons to both starting and buying websites. But, as you’ll hear discussed, there are some key differences between each method and might help you lean one way or the other.

Tune in to hear both Mark and Dom discuss the different strategies behind:

Getting started
Finding a site to buy
Quick wins and monetization
Marketing
Pros and cons of each model
And more

These guys both have a lot of experience in building and buying websites. By the end of this one, you’ll have a good idea which path is best for you.

Full Show Notes: Build a Website or Buy One that's Already Working?

Transcript

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0:00.0	If you're probably going to need a website, but could you shortcut the process by just buying one that's already working?
0:10.0	To find out, it's time for another side hustle showdown.
0:15.0	What's up, what's up Nick Loper here?
0:18.0	Welcome to the side hustle show because relying on one source of income,
0:22.0	it's a fragile way to live.
0:24.0	We've been working on building our financial resilience through entrepreneurship
0:27.8	for almost 400 episodes.
0:29.6	Thank you so much for joining me today and really each and every time you tune in. Today we're diving
0:34.0	into another friendly online business debate. This one is Build versus Buy when it comes to
0:40.1	income producing websites. And I've got a couple powerhouse guests to help talk through this one.
0:46.0	First up is Mark Webster from Authority hacker.com in the Authority hacker podcast.
0:51.6	This is one of my favorite resources for all things
0:53.3	SEO and affiliate marketing. He's going to be representing the build side of this
0:58.5	conversation. And in the other corner is Dom Wells from onfolio.co which among other things has a
1:07.2	management service for website investors he's been in the website
1:11.0	building buying and monetizing space for quite some time.
1:15.4	Both of these guys have.
1:16.7	Stick around in this episode to hear how these guys think of niche selection, their
1:20.7	advice on marketing and monetization for new website builders and
1:25.0	buyers and how to avoid the biggest risks on both sides of the debate.
1:29.3	Notes and links to all the resources mentioned in this one are at
1:32.6	side hustle nation.com slash showdown four. Now one thing I've
	...

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