Buy a Website to Jump Start Your Business
Blake Hutchison, CEO of Flippa, talks about the opportunities for buying websites in this interview with Jordan Paris. For example, John Chen purchased eCommerce site Blush & Bar in 2017 for $7,500 when it was earning about $1000 per month. He sold that business 2 years later for $550,000.
Advice:
Start browsing Flippa and hit the "save search" button and the site will send you links.
Look for listings that are getting lots of views. If it has lots of interest, it is more likely to be a valuable site.
Check the seller's notes and make sure they have put a lot of detail there so you can see what you are buying.
Start small so you can learn from your first website purchase.
Figure out what you are good at and buy sites that you can improve with your skills.
For content sites, you are looking for at least 12 months of traction
Here is the link:
That was a really insightful interview! I liked how Blake emphasized starting small and focusing on sites you can actually improve. The example of turning a $7,500 site into a $550k sale shows what’s possible with the right skills and patience. Definitely motivates me to browse Flippa more strategically.