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Usually you can buy a domain name for a minimum of one year. Say you wanted a small business website, or even a blog. You create content for the website, make the SEO for the website great, and have a high volume of traffic. Here's the thing though, what if the website isn't making profit?
Would you let the domain expire? Would you sell the website? Or would you try to successfully make the website a success? If the website has quality content, great SEO, and a great number of visitors, is there anything you can do to make this website profitable so you can continue funding the website costs?
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TommyCarey
The long game: If I'm playing the long game with a website, I'll keep it up and running no matter the profits. The long game is building an authority website and you're either going to start selling ad spots on the pages after you hit XXX,XXX amount of views or you want to sell the website entirely. I've never sold one of my websites because I'd rather have the passive income from ad revenue. Some people prefer to build up a website and sell it once it hits XXXXX amount of subscribers or a certain amount of unique visitors per month. I see the benefit in selling a website that is generating a passive income because you can usually get 10 to 24 months of the profit if the site is branded well.
The short game: The short game typically goes along with service providers like us freelancers I'll set up a website for myself and want it to make money almost instantly. Maybe a week after I launch I'll want it to be making money because of the ads I have placed for it. I'll set up adwords, facebook ads, Yahoo!/Bing ads and banner ads in order to bring in instant sales. This is high risk high reward since you're paying for all your advertising and it can get expensive. If you're paying $5,000 a month for all your ads and you're making only $3,000 then it's not a good idea to keep going and just mark it up as a loss. You can stop all your ads and reconfigure your numbers to see if that'll increase your sales. But reducing your price will mean you need to make more sales. And if you're already losing $4,000 a month then you'll need to be very sure your website will sell after you update. The end goal really decides in whether I stop the website or not. If I go into it and know that I'm not going to profit for at least a year, then I'll keep the website up and running. If I launch the site and want it to make sales the day I start to implement a marketing campaign, and it doesn't, I may take the site down after a month. [u][b]The long game:[/b][/u] If I'm playing the long game with a website, I'll keep it up and running no matter the profits. The long game is building an authority website and you're either going to start selling ad spots on the pages after you hit XXX,XXX amount of views or you want to sell the website entirely. I've never sold one of my websites because I'd rather have the passive income from ad revenue. Some people prefer to build up a website and sell it once it hits XXXXX amount of subscribers or a certain amount of unique visitors per month. I see the benefit in selling a website that is generating a passive income because you can usually get 10 to 24 months of the profit if the site is branded well. [u][b]The short game:[/b][/u] The short game typically goes along with service providers like us freelancers :D I'll set up a website for myself and want it to make money almost instantly. Maybe a week after I launch I'll want it to be making money because of the ads I have placed for it. I'll set up adwords, facebook ads, Yahoo!/Bing ads and banner ads in order to bring in instant sales. This is high risk high reward since you're paying for all your advertising and it can get expensive. If you're paying $3,000 a month for all your ads and you're making only $1,000 then it's not a good idea to keep going and just mark it up as a loss. You can stop all your ads and reconfigure your numbers to see if that'll increase your sales. But reducing your price will mean you need to make more sales. And if you're already losing $2,000 a month then you'll need to be very sure your website will sell after you update.
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