Want Passive Earnings? Buy Income Producing Websites and Replace Your Job!

Want Passive Earnings? Buy Income Producing Websites and Replace Your Job!
By Colin Hardwick

One method of creating an income from the internet is one that many people miss while they concentrate on website flipping. There is actually a better way and that is to buy already established websites which have existing traffic and earnings. It's also much cheaper than you might think.

This is a great way to produce a real passive income but many people think that the process is risky and therefore fail to take the necessary steps to create these fantastic income streams. So what does it take and how do you minimise any risks involved in such purchases? Let's take a look at just how this is possible.

I generally have six criteria when purchasing websites of this nature;

Decide on your maximum purchase price. This can be as low as $100 but any amount upwards of this is fine.

Choose sites which are made using WordPress. With very little training and experience, such sites can have content added, be modified or changed and they have thousands of themes and plugins to make them look and operate exactly as you require. This cuts down on the amount of work required to maintain the sites each day. Don't underestimate the importance of this. The ability to quickly amend and modify website content will mean that you can achieve greater earnings much more quickly.

Avoid websites which have domain names which include trade names or celebrity names. Such domains will attract the trademark owner and they will have no hesitation is taking legal action against you which can include giving them the site and domain!

Choose sites which have more than one income stream. You don't want to simply rely on one income stream. Many people have fallen foul of this one, such as buying sites which generate income from, say, Google AdSense, and then falling foul of Google and finding that the income dries up overnight.

Make sure the sites you purchase are at least one year old. Income claims are easy to falsify or increase substantially over a small period. Having sites which are a year old means that they should have a sustained income over this period of time.

These are the five key steps. It's also important to select sites which are interesting to you. it's no use picking a site on guitars if you have no interest in the instrument. Always select sites which interest you, this makes it easy to stay focussed.

once you have selected a number of sites which meet the above criteria then carry out due diligence on them to ensure they truly meet your requirements and actually make money. There are a number of checks you should carry out. I normally check the following;