Richard Patey began his career as an entrepreneur. He offered SEO services and built WordPress sites for different companies. In 2009, he began his transition from an entrepreneur to an investor. Throughout his career, he has accomplished a lot and established a name for himself. He has built and sold multiple online businesses. He even wrote a book titled “Coffee Shop Entrepreneurs”, which teaches readers how to operate businesses remotely.
One of his most notable career moments was working as a website operator for the company Flipping Websites. Using what he learned during his time there, he built a successful podcast and Facebook group.
Today, Patey spends the majority of his time investing in sites and online businesses. Even with a lot on his plate, Patey has found time to dedicate articles to Investing.io. He offers his knowledge in comprehensive blog posts that discuss all aspects of the website investing process.
Why Is Richard Patey a Good Addition to Investing.io?
Richard Patey is a self-described entrepreneur turned investor. His diverse skill sets and 10+ years of experience make him a valuable contributor to Investing.IO.
Investing.IO’s tagline is “A home for entrepreneurs turned investors.” Patey is exactly the target audience of the website. Investing.IO recognizes the lack of resources for entrepreneurial investors, so its main goal is to be a trusted guide that all investors can count on.
What Is Website Investing and How Profitable Is It?
Website building is just like it sounds: you purchase websites with the hope of selling them for more than you paid. That is the main goal of regular investing, as you want to buy assets low and sell them high, and purchasing domains is no different. Unlike building and establishing a site for a business, website investing’s main purchase is to flip it for a profit. While this general definition gives you the gist of website investing, there is a lot more to it. There are several ways to go about website investing:
- Buy a site with revenue: One way to start is to buy a site that already has revenue. This will be more expensive initially, but you will be purchasing something with a pre-established income flow. Over time, you can increase this income flow by making the right adjustments.
- Buy a starter site: Another way to start is to buy a starter site. A site like this may already have content and be ranking on search engines, but it does not yet generate revenue.
- Build out an old domain: There are millions of aged domains available. You can revitalize one by building it out. This process is referred to as “developing domains,” and it is a creative approach to website investing.
Patey is a big fan of the 40% rule, coined by financial expert Jase Rodley. In a nutshell, this rule covers how you can earn nearly 10x as much money from website investing as you can from investing in index funds in the stock market. He knows this is a hugely profitable market that will only grow in the years to come.
What Is Investing.io?
Investing.io is a community designed for website investors. It shares helpful advice for navigating the industry. Readers of any experience level can benefit from the content on this site. Investing.io explores the diversity in this field. It caters to the intersection of:
- SEO operators
- Main street investors and micro private equity
- Website flippers, publishers, affiliates, and advertisers
- Website brokerages and marketplaces
Both passive and active investors can benefit from this service. It includes coverage on website investing deals and insights into sector trends and deal valuations.
Does Investing.io Cost Money to Use?
Yes. To remain a member of the community, you must pay $249 per quarter. This totals nearly $1,000 a year, which may seem costly to those who are just starting out. However, we have found the cost to be well worth it, as it helps members buy websites and more than double their profits.
Even though you have to pay to become a part of the community, you can still access some free resources. On Investing.io’s website, all you have to do is enter your email to become a subscriber. Subscribers receive a Website Investing Weekly email every Monday. Every other Friday, they receive a Website Investing Podcast. This content has unique insider tips and insight into the website investing industry.
Can Anyone Apply for Investing.io and What Is the Application Process Like?
The application process is open to anyone. However, to become a member, the site’s staff needs to accept you. To apply to become a member of this community, you will need to fill out a short application. It should only take about 30 minutes to complete. It will ask you for the following information:
- Your first and last name
- Your email and LinkedIn profile
- Your business website(s) and a brief description of them
- Your main reasons for wanting to join the community
- How you could be helpful to other community members
- What types of investments you mainly focus on
Investing.IO is selective about who can become a member. The site’s reasoning behind this is so that it can provide the best possible service to current and future members. It wants to ensure that you will be a long-lasting, contributing member and not just one who lets the membership sit around unused.
If the team at Investing.IO determines you are a good fit, they will send you an email alerting you of the good news. In this email, you fill a payment link. Once you submit your payment, you can start using the community as a paying member.