Buy Websites For Passive Income [REPACK]

Niche websites are a great way to make money online. Whether building them from scratch, buying and improving sites to flip, or keeping a portfolio of affiliate sites for passive income, websites have created income and financial freedom for thousands of people.

buy websites for passive income

Takeaways: Nice websites and cheap should not go in the same sentence. Of all the websites I buy per year, 1 or 2 of them are quality and cheap simultaneously. This equates to about 5% of the sites I buy. Most sites that I acquire are nice websites at typical market prices and I am able to spot easy wins that others miss.

Getting to that point requires skill, a budget, and a lot of work. By fully understanding the common myths and realities of niche websites, and which are which, you will be better prepared to make the decisions that are right for you.

After writing about investing in websites, many keen buyers with zero experience in operating websites reached out to me, asking whether it was possible to simply collect a passive income check each month without having to do much.

Any good content site will link out to other websites. They may be affiliate or normal links, but both of these types of links will die and need to be updated. It might not sound like much work but on a 1,000+ page site, it can be a real task.

Established websites can be a great source of income that give you time and location freedom. Be sure to read my other articles about online business models, investing in websites, and how I incorporate entrepreneurship into my investments.

Private digital skills training organisation. Upskill with premium online training courses designed specifically for those who want to change careers & re-train for the digital future or earn income online working from home.

To start with, you have two options if you want to create a passive income blog. First, you can start from scratch, which requires a small budget. Second, if you have a budget, you can buy something already established on Flippa.

You surely want to have good relations with Google for a higher ranking of your blog site. The rule of thumb is higher the site ranking, the greater the audience, and consequently, more chances of creating a passive income stream.

Each of these gave me what I needed to know in 2 weeks, rather than the 2 years it would have taken me to learn by myself (not to mention all the money I would have spent buying inappropriate websites!).

You have absolutely no control over how a company runs the business or how to increase the value of the share, unlike websites where you have direct control over increasing the income and valuation price based on your knowledge and skills.

Compared to becoming a doctor, lawyer, or investment banker (and I learned how to be both a lawyer and a banker), learning how to blog and buy and sell websites can be learnt much more easily than these other complex fields, which usually require advanced degrees.

For beginners looking to buy their first website on Flippa, we recommend looking at websites that are content-driven, monetised through advertising (Google Adsense), affiliate promotions (Amazon Affiliate program), or information products (ebooks and courses). And are established.

Now, this is something that we go through with our students all the time. We teach beginners how to get onto website marketplaces like Flippa. There are some big marketplaces out there now that sell actual money-making websites. This is where you can go and buy these money-making websites, and we teach people how to do that the smart way.

Although it gets touted as easy money, most successful passive income ideas are the result of hard work: building an audience, optimizing paid ads, and delivering a great experience and a superior product.

Passive income streams can come from investing in mutual funds or real estate, selling products online, publishing online courses, or other side hustles in which the earner doesn't have to actively participate.

Unlike active income, passive income is often generated automatically, providing residual income with minimal time and effort. It can improve your personal finances and give you the freedom of time. Not having to trade your time for money can reduce stress and anxiety, and additional cash flow can make you feel more confident about your financial future.

With a print-on-demand company like Printful, you can easily create products to sell in your Shopify store quickly. Overall, print on demand is a simple, low-risk passive income source you can get up and running fast.

You can sell as many digital products as you want. Many creators scale passive income from digital assets by selling kits, printables, files, and other materials professionals can use. UX Kits, for example, sells personas, flowcharts, and wireframes to assist the design process.

The brand has sold its products to more than 10,000 customers in over 100 countries and continues to sell these lucrative products online today, demonstrating the potential of this passive income strategy.

Because your online course is recorded ahead of time, you can shorten, lengthen, or edit it to apply to a broad range of class sizes and experience levels, expanding your passive income streams. You can create fully downloadable courses that students can finish at their own pace, or use software to automatically release lectures and materials at regular intervals.

If you run your photography business on Shopify, you can also easily tie in digital products like prints or print-on-demand products like shirts and hats, giving you even more passive income streams so you can work less and make more.

If you have an engaged audience, you use that engagement to support a variety of passive income ideas. For instance, you can partner with large and small businesses to promote their products to your followers. Or you can make money through selling your own merch.

If you have enough money, you can buy apartment buildings or some other form of real estate and lease them out for rental income. But since the job of being a landlord is pretty active, you can hire property managers to manage tenants, maintain properties, and collect monthly payments or rent.

The goal for investing in stocks is to diversify your portfolio and reduce risk. You can do this through investing in mutual funds, exchange-traded funds (ETFs), and high-dividend stocks that earn you income slowly over time. To start investing in the stock market, you need to open up a brokerage account at a quality financial institution and fund it.

While renting out one spare room to earn passive income is great, renting out 10 is even better. If you want even more passive income from Airbnb, you can (depending on local laws) buy apartments for the sole purpose of renting them out. You should note, though, that renting your space out often requires work upfront. You might have to furnish or renovate your free room before putting it up for rent.

Your home is not the only thing you can rent out to earn passive income. You can also offer your car up for rent with a service like Turo. If you already use your car for Uber, you can sign up with platforms like Carvertise or Wrapify to earn extra money as you take trips around town.

Another way to turn your car into a passive income stream is to look for someone who needs a car for Uber or Lyft. So instead of actively driving around in your free time, you can pull up a Netflix show while your car works for you.

Yet, if you're a long-term thinker and don't mind frontloading your efforts, the passive income potential of a successful YouTube channel is high. Affiliate sales, sponsorships, branded integrations, and ad income can all add up passively as you accumulate content, clicks, and views and grow your audience.

In the past decade, the average annual return for REIT investments was 9.5%. As a long-term investment, real estate investment trusts are one of the best passive income ideas to look into if you have startup capital.

Design websites like 99designs, ThemeForest, or Creative Market are great places to generate a passive income stream by selling digital designs online. Whether you use a website builder to build website themes, logos, branding resources, templates, illustrations, or even fonts, these platforms offer a built-in market that is already looking for design resources.

Today, getting started investing in historically inaccessible business opportunities is absolutely possible. Platforms like Mainvest.com make it easy to invest passively with a $100 initial investment without any of the investor fees.

A job board is a great way to earn passive income as an online entrepreneur. These websites are used by employers to promote job vacancies to job searchers. Job seekers can look for new job opportunities online or in-person. You can charge employers to post on your job board and offer premium features like sponsored jobs or unlimited access to your candidate database.

Once you get the flywheel going and your job board becomes established with return customers, you can count on a large part of your income to be passive. Check out sites like ProBlogger, Dribble, or Construction Jobs for inspiration.

Starting a passive source of income through vending machines does require an upfront time and money investment. This is a great guide with tips on how you can get started with your first vending machine.

Pair a Shopify storefront with the Digital Downloads app and you have yourself a passive income stream ready to earn money. For that to happen though, you do need to drive traffic to your storefront. Thankfully, we have some resources to help with that.

Buying websites for passive income is in my opinion the best way to invest your money (and yes I have, and do invest in many other things). However, not only does it allow you to have time independence, but also location independence meaning you are free to be anywhere in the world. And as your own boss this what allows you to choose the hours you need to work. Or should I say, if you choose to even work! (and yes needing to work in most online businesses is an option too). 041b061a72