One of the things I’ve always wanted to do is purchase an online business bringing in at least $1,000 per month and then try to optimize and grow it.
I figured my three main skill sets of copywriting, SEO, and content marketing would be a great fit for this type of endeavor, and then I could look to either resell it at a higher price or simply retain the monthly cashflow as income.
This is not that story.
Instead, this is the story of how I spent $60,000 to buy a 7-year-old recipe blog instead of making a similarly priced real estate investment… and then did absolutely nothing to it… much the same as I would have treated a real estate investment.
Here’s what happened.
Listen To The Recording
[powerpress]
Watch The Video
Read The Blog Post
This started as a blog post writeup, so if you’d prefer to check that out, you can read the full blog post here.
Share Your Thoughts
I hope this was helpful, and I’d love to hear your thoughts on this topic.
Do you agree? Do you disagree with the fierce heat of a thousand suns?
Let me know in the comments below.
Plus, if you have a question you want answered on a future Write Bites episode, ask in the comments or shoot me an email, and I’ll add it to the schedule.
Wow, congrats, Jacob on this uncommon and kinda fresh decision, which if you ask older generations than yours, would mean you screwed it up, irrevocably.
😂 thanks Bilyana
I love the clickbait…I was actually thinking something terrible happened, and I’m certain you will have a very high clickthrough rate on this one. And I like that you had opportunity cost top of mind when you were evaluating your options. It’s something I always try to do, and the results are that you have to take some unconventional approaches, which are what most would avoid or may not know about
Jacob, what websites were you using to find your blog you purchased?