I own a few blogs/websites/properties–whatever you want to call them. But so far, all the ones I own were started by me. In other words, I bought the domain, installed WordPress, and just started banging out articles and doing link building and all that good stuff we do to try to get people to visit our websites.
I had never bought a website until now. I found someone selling a website through a list that used to be on the keyword academy website, which is a subscription site that is basically all about building WordPress sites. I haven’t been that active there (even though I’ve been a subscriber for a while), but the times I’ve been there it’s been pretty interesting and often useful.
Anyways, I found someone selling a website that had really good traffic numbers and not very good earnings. He was willing to sell the site for a reasonable price. I liked the stats and my interest was piqued. I ended up purchasing the site from the owner (who was actually the second owner of the site) for $1000.
I did it the old fashioned way (if you can call Paypal old fashioned) by sending half of the payment to the gentleman up front and the second half after the site was installed on my web host, the domain was transferred to my Godaddy account, and the twitter and facebook accounts (not to mention the 5000 RSS subscribers) were transferred to me.
It involved a little bit of trust and it worked out extremely well. The seller has been awesome. Long story short, I’ve very happy with my new website.
Update February 2013 – So the site has been sitting on my server for about a year and 4 months now. It’s probably just about made the money back that I spent on it. I haven’t done much with it except for slap some ads on it and make a private ad sale for $300. It’s been a good way to learn a little bit more about monetizing websites and how difficult it can be in certain niches. It’s a decently high traffic site but has proven slightly difficult to make money with. Do I regret buying the site? No, I don’t. But I think I will be selling it very soon! It’s been kind of fun in some ways and kind of a bust in others. But overall, it’s been a good even fun experience.