John Hok dot Com

Well, here we have it folks. This is what rekindled my desire and enthusiasm to start blogging again with the new focus on making money both online and offline. I recently finished selling 2 websites that I own for a total of $2300 and for a poor university student, I’m telling you, that’s a lot! I realized how much potential there was to make money online. The key idea I thought people would like to hear is how I use this money and how I reinvest it in different places in an effort to make a small amount of money turn into more through strategically reinvesting the money I’ve earned. This is what jump started my desire to start blogging again because I now have a focus on the blog and something to talk about instead of just my general geeky ramblings.

ProfileRenew
The first site I sold was called ProfileRenew and it went for $300. ProfileRenew was basically a free MySpace resource website. It allowed users to come and get free graphics, codes, and just about anything else to help make your MySpace profile look spiffier.

It didn’t really work out as I had planned and due to lack of time, was not able to promote or update the site. Traffic and revenue were minimal and made me decide to just get it off my hands.

RapidWire
The second site I sold was called RapidWire and it went for $2000. Now this is a huge milestone personally for myself. I’ve sold many sites before but they were always in the $xxx range. Never have I sold a site in the $xxxx range and this was what got me really excited. It is my biggest website transaction to date. RapidWire is basically a free anonymous web proxy. It allows users at work, school, or where ever else there are internet filters in place, to bypass these filters and view these sites.

The site has made me around $4000 in revenue over the 2 years of running it (almost enough to pay for my first year university tuition!). But recently the site was plagued with server problems and both traffic and revenue took a dive. So I made the decision to sell it, which in my mind I still believe was the right choice.

The wrong choice was not selling it for enough! My biggest mistake for RapidWire came at the very end. I was too impatient and I decided to lower the BIN price from my original $3000 down to $2000. Now that I look back at that decision, I knew that was a mistake, and that RapidWire could’ve sold for BIN price easily had I been more patient. Lesson learned.

Regardless of the mistake, I am very excited and happy to break the thousands milestone. With this extra cash I hope to make various investments both online and offline. I will keep you informed with exactly how I have or will invest my money as well as posting up exact figures and all those juicy details!

Related posts

• "Investing in dot.com" (2)