Last night we did our webinar on buying and selling websites. I went into much more detail on a website I purchased earlier this year and have discussed on the blog – CopyCatCrafts.com. I also showed another website I purchased for $500 last year that has since earned me over $5,000 in total profit. I also had two website brokers with me who shared some examples of websites they’ve sold and helped illustrate how to value a website property for sale and get the most for your money when you sell your website. Overall I believe we shared some great lessons that you can apply to websites that you’re looking to buy or sell. Webinar replay below:
Update: Webinar replay removed… you should join Virtual Moguls when we open again sometime in 2012. Get on the notification list here.
Virtual Moguls Registration Open:
On the webinar we also opened up our classroom style course on buying and selling websites. The way we’re running this is much different than anything I’ve done before, but we wanted to provide a way to get people much more involved in the training material. So what we put together are dozens of lessons on buying and selling websites, more case studies, sample contracts and we’re doing 6 more live webinars for members only.
I’m excited to do the webinars because it will give us an opportunity to take members step by step through the process and teach you how to avoid making mistakes when you sell your website, avoid buying a bad website and how to look for opportunities to improve income easily.
Registration Closes November 15th at 10:00 PM PST
Because of the live webinars component to Virtual Moguls we’re closing registration on November 15th at 10:00 PM PST as our first webinar for members will take place on November 22nd at 5:30 PM PST (members will obviously have access to replays for any webinars they may have missed). This is a format that I’ve seen other marketers do for their courses, but rather than charge the typical outrageously high price like $500, or $1,000 that other marketers have done we’re going to open the inaugural class for only $197:
p.s. I’m very excited about the opportunity to be much more involved in teaching people this business in a more hands on fashion. This is the first time I’ve tried a format like this, but there is so much to learn about buying and selling websites and if you just rush out and try buying websites you might end up buying a bad website and that’s part of what we’ll be teaching in detail inside the course.
Thanks Chris. All of your content has been top notch so I look forward to watching this one. Take care, Dan.
this is a good and best website
Chris you’ve got me thinking buddy !
Great webcast, I enjoyed learning about the process and the opportunity.
This is a tricky business. If you don’t know how to improve, market and sell the domain you bought you can get minus.
Good stuff.
Quick question about this website. Do you regret not starting it on a domain that is a bit more brandable rather than one that is full of keywords? Every one seems to be talking about branding now days, especially after Panda.
You are doing a great job of consistently building your name and not starting out with a more brandable website name might ultimately be one of your regrets.
Jack
That’s always a problem for me when creating a new website. I want to have keywords, but I also want to have a brandable catchy name. I think I always fall on brandable.
I guess some might argue that anything can be turned into a brand.
Hey Jack (lol when will you use your real name by the way?),
Actually my only regret was that my initial keyword analysis of Make Money on the Internet showed about 60k people searched for that term exactly every month. Then a few years ago Google announced they made several changes to update the accuracy of their keyword tool and sure enough that 60k number fell to 5k-ish. So when I bought this domain name for $5,000 I initially did it because I wanted to rank for that keyword and get the value of 60k people coming which I knew would be easy based on the quality of the content I would be doing.
Ultimately more people now search for “chris guthrie” than the people that come to my website from any other keyword. (Frankly I should be doing more strategic link building as well as writing more articles to target specific keywords)
With the websites I’m building these days I’m still using some keyword domain names but when I go for massive style websites I don’t even bother much with getting a keyword domain name.
Chris
Chris, great job with the webinar!
How far along are you in your $100k website purchase goal?
Great webinar. It was interesting to see a pandalised website that still sold (i.e. it wasn’t worthless just because it was pandalised). Goes to show how selecting a good domain name and making sure you have backlinks is half the battle – you can then still sell to someone who has the knowledge to fix the rest.