If you have some cash that you want to see grow, then investing is the smart way to go. This way you can turn a small pot of money into a much bigger one rather than letting it sit in your account not doing anything. Invest wisely and you can make a living simply from your interest. This is a fantastic way to make a profit.
But with investment comes risk, and when you invest in anything from property to stocks and shares there is always some chance that things will ‘go South’ and that you won’t get back the money that you put in. Fortunately though, there are ways to manage your risk and some investments are safer and less ‘random’ than others.
And chief among these is the website as investment opportunity. It’s not one of the first things you think of when looking for places to grow your money, but actually it’s a safe, smart and simple way to increase your cash. Read on to find out why it’s such a great option, and how to really make the most the most from this venture.
Choosing Your Site
If you know where to look, then there are tons of great value investment opportunities on the web. There are people out there for instance getting thousands of hits daily on their site, who haven’t done any work to monetise their pages – usually because they simply don’t know how or didn’t know it was possible. These people will usually be happy with any offer to buy their site which means you can really make a killing.
At the same time, you should also aim to choose a site that’s in an up-and-coming niche. For instance, a great upcoming niche might be the Oculus Rift – which is a virtual reality headset that isn’t available yet commercially but is already making a huge splash on YouTube in its ‘beta’ state. This will likely become big news and big business in the near future, so now would be a fantastic time to buy a cheap site in that niche and then wait for the ‘boom’.
Next you need to monetise the site you’ve bought, and by placing advertising on it you can start making money and recouping your expense right away. Better yet, if you have a product or service of your own to promote then this is a fantastic platform for generating business.
But you should also use this time to add further value to your site and ensure that it’s as good as it could be. You don’t need any technical knowledge to do this either: just outsource the task by hiring some SEO experts and designers to turn your cheap site into something great.
Once you’ve earned some cash from advertising and have waited for the market to really explode, you can then ride the popularity of the niche for a while to maximise your income. Then, when you suspect interest might start to wane, you can sell your site on a webmaster forum and make a huge profit compared to what you originally paid for it. It really is easy money!
About the Author
Nick Penrosa is a co-founder of PenTech Consulting which provides extensive website building services across Connecticut. He takes up various car restoration projects whenever he gets free from work.