I’m a freelance writer with knowledge of SEO, so I have some experience with digital content, but it’s pretty limited. I’m trying to expand my income, and Flippa seems like a good place to buy blogs/websites and let them profit over time. It’s suitable for me, who has a low budget.
If you’re familiar with this, how high is the entry bar? I’ve heard that many websites on Flippa are scams with fake traffic, and I don’t really have the expertise to analyze and research those stuff.
I’m also confused about the profit/revenue multiple on Flippa. I see a website showing a profit of USD $1,984 /mo at a price of USD $1,400 (highest bid - one day remaining). Wouldn’t that mean I make money after the first month I buy the website? That seems like a no-brainer, but with not many people bidding. However, the multiple is only 0.8x.
Conversely, this website is priced at USD $95,000 but only makes USD $2,230 /mo. However, the multiple is 3.3x.
Should I spend like $100 to buy a website to test the waters? If I get scammed, then I guess it is what it is. However, if this market requires lots of technical skills/experiences or money to start with, then I won’t bother trying it.
Have you ever heard of a get rich quick scheme or something that’s too good to be true? 100% return on 30 days then residual.? Huh? Yeah, steer clear. You already said it, fake traffic. Most of that is scams and you’re getting false information with their earnings. You need to vet your investments. Ask for a modified income statement showing the profit and offer a NDA final disclosure agreement in exchange for the user database list to review. If you see a bunch of names that don’t make sense, then you got your answer…