Have you heard of the 80/20 rule?  It suggests that 80% of your results come from 20% of your effort.  I’ve been noticing this in my business, big time.

I currently own 50 websites which are supposed to be earning revenue for the business.  I noticed that 76% of my revenue is being generated by one site.  However, I have been spending 25% of my time on that site.  A very close example of the 80/20 rule.

I’ve decided to start selling off the sites that take up the most time with the least amount of revenue.  Here are the links to my current auctions:

https://flippa.com/128481-AbroadReviews-com-Established-Abroad-Program-Reviews-Site

https://flippa.com/128455-RealEstateListingReviews-com-Lots-of-Potential-in-Highly-Profitable-Niche

https://flippa.com/128452-CyclingTops-com-2yo-PR3

https://flippa.com/128387-EssayJudge-com-Established-Peer-Essay-Review-site-with-lots-of-potential

https://flippa.com/128386-HandModels-net-Established-Hand-Model-site—100-listings-Massive-Potential

It is a little sad to say goodbye to these projects I started years ago.  I’m also losing a small percentage of my income.  However the peace of mind of having less to think about is priceless.   I’ve always felt a bit guilty about not putting more time into these sites, and now I am no longer burdened by this guilt.

This reminds me a lot of the feeling I got when I went semi-minimalist so that I could move into my small RV.  Making the decision to abandon something is tough, but once you have made the decision to depart with it, you feel get a renewed sense of freedom.

A few days after listing these sites, the freedom really set in and I was jumping up and down with excitement.  The goodbye was difficult, but the freedom was well worth it.

I might sell off some more sites in the near future, depending on how this set of sales goes.

 

2 Responses to “Selling Websites so I can Focus on What Works”

  1. Therese Noonan says:

    Hi,

    This sounds like a good plan. You’ve inspired me to clean out my closet!

  2. Pranav says:

    “It is a little sad to say goodbye to these projects I started years ago”
    I can feel your sadness. though my condition is opposite, I’m excited to start my 1st project.

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