938: Make Lemonade Niche Website Builder: A Digital Real Estate Adventure In Website Investing with Adam Smith
Recognizing the challenges faced by content publishers in the past, gone are the days when website owners had to settle for subpar solutions. Niche Website Builder is committed to offering comprehensive, high-quality services that are accessible and affordable to all. Whether you are an aspiring website investor or looking to expand your existing portfolio, Niche Website Builder offers the expertise and support needed to achieve your goals. By leveraging their deep understanding of website management and growth strategies, they provide valuable insights and actionable recommendations to maximize your Website's potential.
Adam Smith is the co-founder of Niche Website Builders, soon to be rebranded as "Make Lemonade". Today, Adam talks about the concept of "website investing", which he compares to real estate investing. He explains how people can buy existing websites, improve them, and then sell them for a profit, or hold onto them for the monthly income they generate. Adam also shares a success story of a client who grew a website to $40,000 in monthly revenue.
Quotes
"You don't need to know anything about websites or web development. You don't have to be a technical person to outsource all of this work if you want to get involved in this space." - Adam Smith
“Many people are unhappy with their financial situation or their current job and want to escape the rat race. When life gives you lemons, make lemonade.” - Adam Smith
“It's all about structuring your team effectively. Get the best people in the right places so you can focus on what truly matters to you.” - Adam Smith
Takeaways
01:08 Website investing is similar to real estate investing, where you can buy, improve, and sell websites for profit or hold them for monthly income.
05:28 Building a portfolio of websites can help mitigate the risks associated with website investing, such as Google algorithm updates or affiliate program changes.
13:55 Reverse-engineering the desired revenue and traffic levels can help determine the appropriate budget and resources needed to build a successful website.
16:30 Awareness of websites as a viable asset class is crucial, as many people are unaware of the potential for website investing.
24:06 Delegating tasks and building a team that can handle the day-to-day operations of a growing business is crucial for scaling and focusing on the strategic aspects of the business.
Resources
Podcast: Play in new window | Download (Duration: 26:37 — 36.7MB) | Embed
Subscribe: Apple Podcasts | Spotify | Amazon Music | iHeartRadio | Podchaser | RSS
Filed in: Archive 4: 2020-2023 • Interview • Podcast
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
