Buying vs. Selling: What to Do?

Forget about just making money online, when you are dealing with anything that has to do with some sort of income we all would like to make money right now; however, the desire to experience satisfaction now might hinder that feeling a couple months down the road.

With any business, revenue is usually generated in an exponential format… meaning your money grows exponentially over time. While you make a couple cents in the first month, the next month could bring a couple dollars, followed by a couple hundred, and so on. The ability to see passed the rough patch and keep you eye on the end goal is what separates successful ventures from fallen one.

Many times though our long-term revenue is not effected by our work, but the decisions we make for the short-term.

Probably one of the quickest and easiest ways to make money online is by selling your site. Through sites like Flippa, there are many ways to do it. Sites can sell for as low as couple dollars all the way up to tens of thousands. Pretty much a decent design and some content will easily fetch you between $100-200. If you start to build a portfolio of sites, that money can be very enticing because what difference does one less money make, right… WRONG!

But how do we know when we should sell or hold?

To anybody an instant $100 seem rather enticing, but you have to remember that that $100 is all you will make from that particular site. How much more money could you make if you held onto it a little bit longer? Are there any other tweaks and changes you could make to squeeze every penny out?

Even if you don’t have enough time, what happens if you could work on it a couple minutes each week? A measurement to consider when deciding to sell or not, is “did you take it as far as you can go?” If there is nothing left for you to do or you don’t know what else to do, then it could be time to move on.

Point is… experienced greatly in the make money online business… at the beginning, the amount of money you make compared to the hours you put in might make a child laborer look like a billionaire. When we aren’t making money, any amount looks good; however, remember to consider your long-term outlook before making any final decisions because it could end up meaning less money overall.