I read somewhere that one of the fastest and easiest ways to become a millionaire for most people would be to build a website based business.
The reason why it is one of the fastest ways to make a million pounds is that you would work and invest on it for a few years and then sell it.
On average, it takes a year or two to make a website super profitable and with a websites selling for 20 to 30 times what it makes per month (must be consistent for at least 6 months) you could sell a website (online business) for a million pounds quicker than it would take to make that money in many other ways.
Imagine what the website could be worth if you worked on it for 5 years!
You may not want to spend 5 years working on one website to make a million pounds, although I would have to ask “why not?”…
It is one of the few ways that can make a lot of money in a relatively short period of time.
You may prefer to spend a year or two working on a several websites that you sell for less… which still adds up to a nice chunk of money.
Imagine selling 3 websites for £100,000 or more each.
Would you say no to that?
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Websites can take time to build and grow, but they are businesses that can be automated and left to generate an income… which is why people love to buy them.
Not only can you sell them for good money, you make money while you are building them ready to sell.
There is a big business around building and selling websites.
Some people buy websites that have been started by other people who have since given up or moved on to another project.
They snap them up for a fraction of what they could be worth and grow them to sell for a large profit, similar to how people buy houses.
Buy them, do them up, and then sell them on for a big profit.
And I do mean big profits!
When it comes to ‘flipping’ websites, your financial investment can be a lot less, and managed better over time.
I recently wrote about how I watched a property show on Channel Four where the presenters told the new homeowners that they had made a £16,000 profit (although they weren’t actually selling the property) after they had spent £530,000 buying the property and a further £54,000 on modernising it.
They had spent a staggering £584,000 to make a ‘potential’ profit of just £16,000.
I think I’d rather spend £16,000 on a website and sell it for £584,000, wouldn’t you?
We cannot really compare the two because the couple bought the house to live in it and were intending to stay in it for many years and so they weren’t actually planning to sell it and there wasn’t really a £16,000 profit.
But you see my point.
You can either build a website yourself, or you can buy one from one of the many online market places that sell websites and online businesses.
Basic websites can cost as little as a couple hundred pounds, to a couple of thousand, and they are perfect for growing into an online asset that you sell one day.
If you would be interested in knowing more, reply to this email.
I am thinking of instructing Andi, our techy guy, to do a free workshop about building and selling websites for profit.
If there are enough people interested, I shall instruct him to do the workshop.
Kind Regards
John Harrison
PS. A simple one or two page website can easily be cobbled together quickly. Add a couple of ‘unique’ products to it, and the price increases.
In the video below, you will see how easy and fast it can be to build a simple website without actually knowing anything about building websites:
How To Build A Profitable Website Fast WITHOUT Knowing Anything About Building Websites!
Now imagine what you could do when you have six months or a year to work on your website!
