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 Mike B
WOW!! Cool idea. But do your homework on the sites you want to buy and what the potential resale value is. People do this with homes and business, and make sizable profits. I see no idea why it could not also be done with WEB Sites. It could be time consuming, and resale, especially in the current economy might be a little slow. Marketing the final product to show that it is a vital concern will be your key to success. Good Luck and let me know how it turns out for you.

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