This article will be your ultimate guide for buying websites. This will include some of the top places where you can buy a site right now. This will also include some tips and tricks for anyone who recently bought a site or is thinking about diving in!

Why Buy A Website?

The biggest reason why someone would buy a website is because of the potential profit that can be made. There are a lot of success stories out there of people who have flipped websites for a significant profit. This means that they bought a website at a lower price and eventually sold it for a lot more money.

Think of it like buying a cheap stock and then cashing out after the share price increases. Like the stock market, there is plenty of money to be made if you choose the right stock (or website in this case).

How To Make Money From Buying Websites

In this section, I will provide you with some specific examples of how you can make money in this space. This will give you a better understanding of how it can be done and will maybe even inspire you to get started.

A Hypothetical Example

Let’s just say that you purchase a website for $1,600, and it was earning around $50 per month when you bought it. This means that you purchased the site at a 32x multiple of the monthly income average ($50 x 32 = $1,600).

Let’s say that you then spend a year working on the site and it continues to grow in both earnings and traffic. If things go really well, your monthly income average could grow from $50 a month to something like $300 a month.

With the site now earning $300 a month (on average), you could then flip it for a nice profit. Using the same 32x multiple that you bought the site for, you could then sell the site for $9,600+. It could even sell for more than that as 32x is being conservative. In just one year, you were able to make a profit of $8,000+. Not bad for a website that you only spent $1,600 on!

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The Forex market allows traders to earn by forecasting the price movements of an asset for a certain period of time. Trading is performed using certain strategies, the choice of which depends not only on the trader’s preferences, but also on the selected asset.

People who are encountering information about the Forex market for the first time think that it is just a currency market. In practice, the list of trading assets offered by forex brokers is very diverse and is not limited to currency pairs only.

Forex brokers typically offer an assortment of over 60 basic assets from 5 groups:

• Currency pairs;
• Precious metals;
• Indices;
• Energy carriers;
• Cryptocurrencies.

There is a lot of information about currency pairs trading on the Internet, so this article will be devoted to the features of trading other non-currency assets.

The main feature of trading with non-currency assets is that the success of a trader depends only on the correct choice of the entry point and maintenance of the position with the help of technical analysis, and 70% is a detailed and thorough fundamental analysis of the market situation.

It is necessary to process quite large amounts of fundamental information, to understand the economic and political issues of individual countries and the world at large. Below we will consider in more detail the features of working with the most popular non-currency assets.

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For many years I struggled to understand the lingo used in movies and books that came from the US with regard to money and finance. Here are a few terms that you are most likely to encounter that have no real parallel here in Europe.

If you need me to explain anything else just leave a comment and I’ll do my best.

Credit Score

In the US, having a good credit score or credit rating is of utmost importance. The credit score was invented by a private company called FICO (Fair, Isaac and Company). It was founded by an engineer and a mathematician working at Stanford in the 1950s in order to counter the credit crisis of those times. The aim was to quantify how reliable a person asking for a loan really was. It is now used in the US, Canada and Mexico.

There is no such parallel system in Europe. When you ask for a loan from the bank in Europe, they will ask for the typical papers such as whether you own any property, your monthly payslips, etc. and then make a decision based on that documentation.

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When searching for articles about investment and making money, you will surely come across many bloggers who publish their monthly income reports or also post net worth reports.

I would recommend that you don’t pay too much attention to those numbers. I personally don’t care much about them.

While I’m not saying that they’re lying or manipulating their numbers in order to persuade people to do what they are saying and obtain the same results, I think that business and investing involves a plethora of decisions that are extremely based on each individual’s character and aptitudes.

Consider a few things:

• They might not include the value of their homes in their net worth.
• You don’t know if they received large inheritances or have considerable family wealth to fall upon.
• They might be manipulating their figures.
• Many are posting anonymously, so we don’t know anything about them really.

There are many other considerations I could come up with, but this is a quick post that I want to get out there.

There are now a ton of blogs about investing and personal finance in Europe, and many of them shouldn’t be trusted as a source of advice for your investment journey. Most of them are just distractions from the real research you should be doing.

See also: Why you shouldn’t ask for financial advice online

You want to learn about the type of investment you want to enter by getting to know the industry very very well and then trying things out bit by bit until you get a sense of whether it is a good fit for you.

As we’ve seen in previous decades with other related niches, much of personal finance and investment bloggers’ income comes from affiliate commissions from the platforms they recommend and not from the actual investments they make. That doesn’t make sense in my opinion.

There is no point listening to someone whose investments are making him a couple hundred euro a month at max, because he would definitely not have enough experience to be considered a reliable source of knowledge.

Be realistic; why would anybody go to such great lengths to share their financial journey just to help you make more money for yourself? Most are trying to sell you something. Very few genuinely like to write about their journeys in different areas of life just because it makes them feel better or it helps them clear their minds. Try to find those kinds of people as they are a much better source of information.

Typically I try to look for the following traits in the bloggers I follow:

• They write about several topics coherently for many years.
• They don’t hide behind the veil of anonymity.
• They are verifiably successful in their careers.
• They speak about both good and bad experiences.

That’s my little rant for today. I hope it helps you focus on the right information, as one of the biggest barriers separating you from genuine wealth and success is the overload of information you can find on social media and the web nowadays.

I’ll also say that if someone publishes their income or net worth reports it doesn’t mean I won’t follow their blog, but it won’t be my reason for doing so, and it certainly won’t be the reason why I decide to invest in something or not.

On the other hand, I consider journaling in a private or public fashion to be very helpful to keep track of your thoughts and decisions over time. I have also been thinking of starting to publicize my monthly thoughts on my portfolio’s performance, without focusing too much on the numbers. What is really important in these monthly reports is to observe the decision making criteria of the investors, and get some insider tips on how each platform is doing.

Be very choosy in what you read and whom you trust. Always try out things yourself in small doses before you go all in. Diversify and keep expanding your knowledge every day.

Do you agree with my point of view? Let me know in the comments section.

Other thoughts on the same subject

I’m not the only one who dislikes income reports, although I’m also seeing a trend of bloggers who first become famous using income reports, then suddenly say that they are not helpful and that they won’t publish them anymore, a typical bait-and-switch tactic as far as I’m concerned, but I digress.

Here are some other articles on the subject that might interest you:

• The danger of reading blogger income reports
• Why you’ll never see an income report from me

What to do instead

If you want to learn how to invest and manage your money in a better way, I suggest doing the following:

• Read as many books on the topic as you can.
• Network with other investors and find masterminds of like minded people.
• Get coached and mentored by an experienced investor. My friend Shlomo Freund offers such a service, so check that out.

FIRE stands for Financial Independence/Retire Early. It’s a term that was coined in the United States by personal finance bloggers who started to blog about their journeys of achieving financial independence with the aim of escaping the rat race and retiring earlier than the standard 60-65 age bracket.

Obviously this is a hugely attractive proposition for pretty much any person around the world, so the concept and the FIRE bloggers themselves have become immensely popular.

I’d like to share my thoughts on the concept itself and the FIRE community, as there are some things I like and others I don’t like so much.

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