In case you are considering becoming a website investor, here’s a shortlist of internet entrepreneurs who are no strangers to website investing. The great thing about them is they give some great tips for free!
1. Spencer Haws
Spencer’s podcast has listeners around the world, and his blog NichePursuits will get you into deep waters of website investing. He not only shares how to build websites and online bussineses from scratch, but also how to buy them, and sell them.
You should know: Spencer founded and sold Long Tail Pro, a tool that every website investor should check out.
2. Joe Magnotti and Justin Cooke
Founders of Empire Flippers, although not as active in buying and selling as they used to be, website investors are their clients. Joe and Justin with their team go above and beyond at leading the industry with amazing data, and deal flow. Their podcast is also well worth your time.
You should know: Empire Flippers valuation tool will give you a rough estimate of what the market is willing to pay for your website or online business, if you are willing to sell.
3. Jaryd Krause
Although Jaryd is not popular as Spencer or founders of Empire Flippers, he is certainly active on LinkedIn and has an insightful podcast. Hopefully mentions like this will keep him going! Also, he is a native Australian, so it’s great to see the website investing is growing in that part of the world as well!
You should know: Jaryd is giving away a due diligence framework, and website evaluator tool.
4. Michael Bereslavsky
Started as a domain investor, Michael realized that investing in websites that produce cash flow is the way to go. His blog Domain Magnate is filled with great advice, and he recently started a podcast with some high profile interviews.
You should know: Michael is always looking to buy and sell websites. Signup on his newsletter to get in touch.
5. Jim Harmer and Ricky Kesler
Jim and Ricky co-founded Income School, and decided to share all the metrics and their websites publicly. Harder for them, but great for first-time website investors who are eager for some knowledge. They have a massive Youtube channel where you can learn just about everything!
You should know: See exactly which sites are making how much money.
6. Jeff Hunt
This list just couldn’t exist without the author of “The Website Investor: The Guide to Buying an Online Website Business for Passive Income”. Jeff shares a lot of his knowledge via his YouTube channel, so be sure to check that out.
You should know: Although his book is a bit dated for the advanced website investor, if you are behind your first deal(s) you should definitely read it.
Who did I forget to mention? Share in the comment section!
A few years ago Amazon came out with their finding on how 1 addition second of website loading, could potentially cost them $1.6 billion.
Latency matters. Amazon found every 100ms of latency cost them 1% in sales. Google found an extra .5 seconds in search page generation time dropped traffic by 20%. A broker could lose $4 million in revenues per millisecond if their electronic trading platform is 5 milliseconds behind the competition.
Now I am not making millions, but it doesn’t hurt to improve user experience and increase my conversion rates. Here’s a simple little trick I pulled early this morning. By optimizing photos you can greatly reduce load time and overall size of the landing page without reducing the quality of the photos or user experience.
Here you see a before and after screenshot, and it took me just 10 minutes (I had to resize 3 photos I’ve uploaded neglecting to check file size which translated into 9 extra megabytes that didn’t have to load).
Naturally, I could shave another 500 milliseconds or maybe even a second in many other ways, but I am happy with 2.66 s for my personal blog. Naturally, this isn’t going to improve your product or bring you clients, but it will affect your conversion rates, and the overall feeling of browsing your website.