Last week I bought a new website PHPGalleria.com on Flippa for $1500. It currently makes about $150 to $250 a month. I plan on substantially improving it and hopefully increase the income by a good margin. I will post updates on it here every time I make a change and on its monthly revenue.
So far the site has cost me $1545:
- $1500 Site purchase
- $20 Escrow fees for transferring the funds to the new owner
- $25 Bank fee for wiring the money to Escrow
- I host the site on my old server so no new hosting fees
My initial plan for improving the site (after I get the site and all the demos running on my server) is:
- Upgrade the site’s template: I will probably buy a pre-made template. It won’t be completely unique but close enough. This should be done before end of June.
- Do on-site and off-site SEO: The on-site SEO work should be done by end of the 4th of July weekend. I will start the off-site SEO work this week as well. Hopefully we’ll start seeing results in a month or so.
- Advertising: I will do some advertising starting in August once the above two tasks are fully done.
Following is how the site looks like right now:
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