Why I Spent $500,000 Buying a Blog That Generates No Revenue
(If you are wondering, the image of me above was taken when I used to work at KISSmetrics with Hiten Shah … I used to have hair) In early January 2017, I purchased the KISSmetrics website for $500,000. If you go to the site, you’ll notice that it forwards here to NeilPatel.com (which I will get into later in the post). The $500,000 didn’t get me the company, KISSmetrics, or any of the revenue streams. The parent company, Space Pencil , is continually improving and developing the product. And on top of that, there are restrictions. I can’t just freely use the KISSmetrics name or pop up a competing company on the KISSmetrics site. So why did they sell me the domain? And why would I pay $500,000 for it? I can’t fully answer why they sold it, but I do know a lot of their customers came from word of mouth, conferences, paid ads, and other forms of marketing that didn’t include SEO or content marketing. For that reason, the domain probably wasn’t as valuable to them as it was to me....