Ep. 118 - How to Build a Side Hustle by Buying a Mini-business or a Pre-made Website

Thriving The Future Podcast

You're looking for a side hustle. What if you could buy a mini business that already has a website created for you?

Flippa is an auction site to buy websites. It is similar to eBay - everything is an auction.

There are two types of sites on Flippa:

• Startup site: This site does not have any traffic, or very little. It does not have any significant income.
• Established site: This has been running for some period of time. It usually has some traffic to the site and it may or may not have monthly revenue or income.

Mindset:

• Do you want to own the business?
• Do you want to flip the business? Like build it up a little bit, improve it a little bit, and then flip it?
• Or do you want to use a domain name for something else?

Monetization:

Usually through AdSense ads or affiliate sales - Amazon, or your fave affiliate or partner. May also sell e-books, courses, training, or services.

AI:

Would you, in good conscience, spin up a side hustle website with AI content just so you can make bank with affiliate marketing?

The pros and cons of using AI.

• Most sites have some AI content.
• "Google favors content written in a way that illustrates first-hand knowledge of a topic" - John McCoy.

Real world examples:

All Garden Advice:

Startup site (no traffic or revenue) - Garden blog site with great graphics.

And another Startup Garden site - Garden Guide with a nice layout that sells e-books.

Some of the problems that I ran into:

• Read the fine print!

• Do you really own the content and the website assets? Do you get those assets with the purchase? Do you “own” them or is it just a license? Can you use those assets somewhere else?
• Will the seller clone the website with a different domain name and resell the same content (competing with you)? And how many other sites have this same layout and content? - this is a common occurrence.

Established site - ask yourself:

• Can I do better than this?
• Can I write content better than this?
• Can I create a better looking site? (or spin up a similar site in this niche)?

Episode website and show notes: https://thrivingthefuture.com/flippa-sidehustle

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