Ep. 118 - How to Build a Side Hustle by Buying a Mini-business or a Pre-made Website

You're looking for a side hustle. What if you could buy a mini business that already has a website created for you?Flippa is an auction site to buy websites. It is similar to eBay - everything is an auction.There are two types of sites on Flippa: Startup site: This site does not have any traffic, or very little. It does not have any significant income.  Established site: This has been running for some period of time. It usually has some traffic to the site and it may or may not have monthly revenue or income.  Mindset:Do you want to own the business?  Do you want to flip the business? Like build it up a little bit, improve it a little bit, and then flip it?Or do you want to use a domain name for something else?  Monetization:Usually through AdSense ads or affiliate sales - Amazon, or your fave affiliate or partner. May also sell e-books, courses, training, or services.AI:Would you, in good conscience, spin up a side hustle website with AI content just so you can make bank with affiliate marketing?The pros and cons of using AI.Most sites have some AI content."Google favors content written in a way that illustrates first-hand knowledge of a topic" - John McCoy.Real world examples:All Garden Advice:Startup site (no traffic or revenue) - Garden blog site with great graphics.And another Startup Garden site - Garden Guide with a nice layout that sells e-books.Some of the problems that I ran into: Read the fine print!  Do you really own the content and the website assets? Do you get those assets with the purchase? Do you “own” them or is it just a license? Can you use those assets somewhere else?Will the seller clone the website with a different domain name and resell the same content (competing with you)? And how many other sites have this same layout and content? - this is a common occurrence. Established site - ask yourself:Can I do better than this?Can I write content better than this?Can I create a better looking site? (or spin up a similar site in this niche)?Episode website and show notes: https://thrivingthefuture.com/flippa-sidehustleIf you like this unique topic, shoot us a tip on Venmo @ThrivingtheFuture or CashApp $ThrivingtheFuture. Or join the Thriving Patreon at Patreon.com/ThrivingtheFuture.Sponsors:Grow Nut Trees - Chestnuts, elderberry, elderberry cuttings, comfrey crowns, adapted to the Midwest. https://GrowNutTrees.com.Check out How to Pick Your Homestead Property series on Thriving News - Thriving Community News, without the Noise at ThrivingNews.com