I just bought a e-book site that I am planning on doing some cool advertising for it. This is not the first e-book site that I have owned, but the first one is one that I started from scratch and then got overwhelmed with the work involved in making a start-up so I sold it.
Now I am ready, I think, to try to give it another go. The good thing about buying a site that is already set up is that if you don’t have a lot of time at the moment then you can just sit back and let it do some stuff organically. Then when you have time you can start to actively work on it. Also since the site wasn’t making a lot of money, I bought it low. I have calculated that I have to make $20 per month to break even in one year. I should be able to do a lot better than that with minimal work on advertising. I also plan on putting together a “real” book store through Amazon Affiliate. This will also give me another revenue stream.
I will let you know how it goes. I am looking forward to have some passive income from this site. Wish me luck
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