4.7 • 1.6K Ratings
🗓️ 7 January 2021
⏱️ 47 minutes
🧾️ Download transcript
In October, I sold a website.
It wasn't a 7-figure, never-work-again type of exit, but when the funds were deposited, it was the largest single amount ever to hit one of my accounts.
Over the course of 9 and a half years of running Virtual Assistant Assistant--including the proceeds from the sale--the site generated over $550,000 in revenue.
This is the story of how I started, grew, and sold a very part-time online business.
I hope it inspires you to start one of your own.
Full Show Notes: My $550k Side Hustle: An Online Business from Idea to Exit
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0:00.0 | This is the story of my $550,000 side hustle. |
0:04.0 | What's up with up Pete McPherson here? |
0:09.0 | Talking to the one the only Nickloper. Not what people are used to |
0:14.5 | hearing here Nick. Thank you for having me on. You bet. I appreciate you taking the |
0:18.9 | chance and hosting this special edition of the show. Pete runs Do You Even blog.com, |
0:25.0 | which is one of my favorite resources for building and growing |
0:28.0 | an online business that serves you and serves others. |
0:32.0 | I invited him to play guest host today to help me share the story of a |
0:36.1 | website of mine I sold recently that over its lifetime, including the proceeds from the sale, generated over $550,000 in revenue. |
0:46.1 | Now of course that's revenue and not profit, although to be fair the expenses for |
0:50.4 | this one were pretty low and that's over the course of nine and a half years but |
0:54.7 | still virtual assistant assistant.com that's the site we're talking about was always a |
0:59.7 | very part-time project it's a directory and review platform for virtual assistant and |
1:06.0 | outsourcing companies and was primarily monetized through affiliate |
1:09.8 | relationships. We'll get into how that all worked in a moment, but this was a really important |
1:15.0 | project for me in a lot of ways. This was my first time using WordPress as a website building |
1:20.4 | tool and not just a blogging platform. This was my first time getting any |
1:24.0 | significant free traffic from Google. My first attempts at creating video |
1:28.5 | content, my first experiments with self-publishing, I owe a lot to this project and learned so much just from having built it from the ground up for almost a decade. |
1:38.0 | Stick around in this one to hear how I came up with the idea in the first place and gained some initial traction, |
1:44.0 | what helped grow the site over the years, and why I ultimately decided to sell it. |
1:49.0 | Plus at the end, you'll hear from the new owner on what this deal and what this investment was like from |
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