The next big idea…

May 27th, 2008

OK, so unless you’ve not read my last post, I’ve sold my last fulltime business, and now I’m starting the planning of my next ventures.

Since I’m debt free, have been for 10 years, the cash isn’t going to pay loans, it’s just cash to invest, so with this extra cash I’m going to do some things that I enjoy.

The internet is my life almost, so I’m going to get away from it more but I’m also going to get back into web properties and web business, I think I’ll start by buying some dot coms that have profits of the $1k a month and up mark, and delegate the operations and management of them to a new staff person I’ll take on.

I have the advantage of being in Thailand, so a fulltime ‘web guy’ will set me back about $380US a month, I’ll track him using things like rescuetime.com, and I’ll check the sites and what not to make sure things are running smooth still from time to time. I’ll try to pick up a few sites that interest me, all with revenue and hopefully revenue of about $1k a month and up, usually sites like this sell for 10x profits, so $10k for 1, and I’ll try to pick up 3-4 of them, it’ll take some time because I’d prefer some quality sites, not random proxy sites or short term duds.

I’ll probably spend some time working on the sites and working on a plan to build them up more, some marketing plans and future development plans, see if we can grow the traffic and revenue, and then in 6-12 months maybe sell them? Maybe keep them, who knows, just have some fun trying to grow them and see where it goes from there, it all really depends on what sites I can pick up.

And for offline business… well that’s a whole post on its own…