Diversify Or Die...
Business has been a little slow on internet lately as you may have noticed, sales have dropped and people are shopping around more and buying less. I have a web hosting company which until recently was steadily ticking over a regular weekly income which allowed me to work at home and not have to kowtow to some dictatorial boss.
I realize now that I was resting on my laurels, internet is like any other business arena, you can't afford to become complacent and when times are tough you need to diversify or die. I chose to diversify, I would find another income stream to compliment my hosting business. Before wading into often treacherous ocean of internet I set myself some guidelines that must be strictly adhered to in order to make this succeed.
1/ I would spend no more than $100.00 to set business up. 2/ I must be able to earn from it almost immediately. 3/ It must have a proven track record of success. 4/ The time spent on it must have minimum impact on my already busy schedule. A tall order many of you might say, it was but I found it eventually and it pays a tidy sum weekly for small amount of time and money invested.
After sifting through endless GET RICH QUICK scams and coming up empty handed, a fellow webmaster pal suggested I go to Ebay and check out "Businesses For Sale- Websites" section.
He told me he had purchased an affiliate travel website several months before for $180.00 and was now earning several hundred a week from commissions.
Although out of my price range, I was intrigued, what I discovered amazed me. Hundreds of affiliate websites were for sale but only a select few were being heavily bid on.
After some research I noticed some sellers were auctioning half a dozen different turnkey sites at a time and realizing sales of at least $150 each, I quickly realized money was in selling affiliate websites not buying them.
Further detective work lead me to thier little pot of gold. Smallofficecenter.com a unique and very lucrative turnkey business concept that I am sure is going to grow very large on net.
I took tour and signed up later that day, best $99.00 I have ever invested, I made my investment back with $110.00 profit on my first auction.
On average I have five turnkey websites up for auction any given week, I spend a day setting them all up and make at least $500.00 profit. Not bad for a days work and anybody can do it.
I had met and surpassed all of my guidelines and as I host them on my own servers from my own hosting company they each earn me a little more revenue each month.