Is this a good business idea?
Question by Mark Jergens: Is this a good business idea?
Hi. I really want to start my own company and get financial freedom. My company would purchase or build internet assets (websites/web property), fix them up (adding content, design, marketing, etc.) to hopefully build revenue, and then sell the assets after six months for profit. For example, I may buy a blog on dogs for $ 100, ad some more content and market the site, and then sell it for $ 5000 after a month. Or, I may purchase a website script for $ 20, build up a nice site with good idea, market it, and then sell it after six months for profit.
Do you think this could be a good company for me to start? I know people do it already, website flipping, but it seems profitable. Also, I’m great at internet marketing, and my friend works for an investment company. He wants to partner with me, which i think is a great idea. Do you think this company could be profitable? What type of company are we?
Best answer:
Answer by Jr
IMO, I would say it is an okay business idea. Just remember when you are going yo invest there is pros and cons to everything no matter how “good” the idea is. Think about it like this pro would be that you purchase a website for cheap and flip it for a profit. But look at the bad side wonder if you do buy but can’t sell now you are with a website that cost you money with no return.
If you are interested in this, I would suggest that you write everything out on paper something like a Business plan. It is always better to make mistake on paper rather than making it in the real world which is the whole purpose of a business plan. Think about your business pros and cons.
Another thing for a note is never share your idea like this to many people. Because that will create more competition in the market which can and probably will eat into your revenue and profits. If you have an idea that you think is good; do research and run with it and see where it take you.
Think about your question: “Is this a good business idea?” So if twenty people answered your question and said NO, would you not do it because someone said NO. If you think it is good just run with it and see where it take you.
Always do RESEARCH, RESEARCH, RESEARCH and BE CAREFUL OF SCAMMERS
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