In 2018 I decided to push my company towards a crazy goal. We would attempt to develop three domain names into businesses and get to $25k in monthly recurring revenue… and we would record the whole thing.
It failed.
Today I’m sharing four lessons I learned from the failure that can save you time, money, and heart ache.
I’m going to spill the beans - Ecom businesses are far from passive. Especially if you have no team. And even if you do have a team, there is a lot to manage. Was this a bit of a shock to you? For today’s video, I am going to walk you through Flippa and actually show you the top 3 passive income websites that are already making money. Are you quite curious? Watch the video to learn more! Episode Highlights 01:02 - Why Ecom businesses are tough to own 04:20 - Passive site #1 - Content website 06:14 - Passive site #2 - Content website with display ads 07:06 - Passive site #3 - Membership website 08:44 - Learn how to do due diligence for free Resource Links: 📌 Get your FREE copy of my Due Diligence Framework: https://www.buyingonlinebusinesses.co/duediligenceframework 📌 Buying Online Businesses FB group: https://www.facebook.com/groups/362221561245076/ 📌 Check out the Buying Online Businesses Podcast: https://www.youtube.com/playlist?list=PLVpL4pxUgwoYfMb8B4YwHnkiztmoesTnN 📌 Niche Website Builders Deals - https://bit.ly/3BusZE3 Podcast: 🎧 Android - https://bit.ly/2Jb8J2d 🎧 Apple - https://apple.co/2HqxJ37
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DomainSherpa Review is the seminal show on the DomainSherpa Network where we get into the minds of successful domain name investors – who we call Sherpas – and talk about the value of domain names. By listening to the Sherpas, we expand our knowledge and understanding so that we can become more successful domain investors ourselves. In this episode: (i) The Sherpas play The Domain Game, where they guess what certain domains were bought and sold for and discuss the reasons behind their evaluations. Today’s domains are FBIN.com, Demeanor.io, Qatar.net, & VIPDental.com; (ii) They review a list of domains about to come up for auction on NameJet.com, including SafetyWear.com, LandscapeDesign.com, & Wizard.org; (iii) The Sherpas discuss Shane’s recent retirement from the family plant business; (iv)They talk about the downturn of the economy, the impact it has on the Sherpas’ domain sales, and more about the FTX fallout situation; (v) Also, the Sherpas chat a little bit about the newly announced NamesCon Global 2023 conference which will be back in Austin, Texas and much more! JT is joined by Drew, Braden, & Shane – so be sure to tune in!! 0:00 - Introduction 1:37 - Episode begins with the #GrandOpening 4:23 - JT gives out his AKAs to the #Sherpas and Shane discusses his recent retirement from the family plant business after 27 years 7:46 - Shane talks about how anyone who has his Colonel Whitenfur #NFT can go to NiftyPerks.io to claim additional swag and can also purchase his new Drip's HOT Koda Honey available at Beehouse.com 12:40 - We get back to the AKAs and the crew discusses Braden's recent trip to #Budapest and #goulash 19:05 - The #DomainGame begins with a #domainname sale from Drew, FBIN.com 26:00 - The Sherpas discuss parking #domains and take another dive down the #FTX fallout rabbit hole 40:30 - The Domain Game continues with a domain purchase from Braden, Demeanor.io 46:26 - JT uses a domain recently sold at #NameJet to continue the game, Quatar.net, which is timely with the #worldcup in play 49:30 - A Sherpa fan asked the crew to critique one of his domains, BeautyCare.tv and it takes trhem down a discussion on .tv extension domains 52:30 - The Domain Game concludes with another name from NameJet, VIPDental.com, which the crew discussed in a previous episode 55:40 - #MediaOptions sponsor break 56:14 - It's the #NameJetGonnaJet segment where the Sherpas review a list of domains about to come up for auction on NameJet, including SafetyWear.com, LandscapeDesign.com, & Wizard.org 1:00:00 - The crew talks about AirportSecurity.com and how #MediaOptions is brokering Clear.com and how much of a better domain name it would be for end-user Clear, the airport security company, than the ClearMe.com domain currently in use 1:13:00 - #GrandClosing 1:16:00 - The Sherpas discuss the upcoming #NamesCon conference in Austin, Texas Check out www.domainsherpa.com for more info (watch the full episode here https://www.domainsherpa.com/dsr12012022/) Don't forget to follow us on: Facebook: https://www.facebook.com/DomainSherpa LinkedIn: https://www.linkedin.com/company/Doma... Twitter: https://www.twitter.com/DomainSherpa Sherpas: Andrew Rosener: https://www.twitter.com/AndrewRosener Jonathan Tenenbaum: https://www.twitter.com/J10enbaum Braden Pollock: https://www.twitter.com/BradenPollock Shane Cultra: https://www.twitter.com/ShaneCultra For the Best High Value Domains visit https://www.MediaOptions.com #domains #domainsale #domainbroker #digitalassets #domainnames #dotcom #domaininvestors #domaining #digitalinvestment
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