Halfway between house hunting and being at the wrong end of a car accident, I wrote a long follow-up piece to my earlier post on site flipping. Trying to edit it after a long day and looking at 45n5’s fun evaluation of the Top 100 Make Money Online blogs’ worth, I decided to cut it short and more to the point. It ended with more questions than answers.
Remember how at the beginning of your blogging journey, you would probably have received advice to build a blog as personally branded as possible? Best place to start would be to build it on a domain etched in memory of your name.
If an A-lister sold his personally branded blog that was pulling in the dough, would you buy it? How much would it be worth to you, given that the original force behind the brand ceased to be involved?
Given the brand and revenue generating capability, it probably wouldn’t be a bad decision to grab it. It could generate many-fold returns on your investment if you have done your research.
But how can you do that? And how long would it last?
A personally branded blog grew from its original fan base and any revenue generated would be based on the pulling power of the face attached to it. Once this is gone, most people would have lingering doubts on the new team’s capabilities and authority. Many might leave, and those who stay probably compare constantly with the past. Advertisers invest on you, not your blog. Without that, your blog would never be the same to most people, no matter how far you brought it, and how well-monetized it is.
It will always be a tough act to follow someone successful. More so for a blog tied to a personal brand. But at the end of the day, it boils down to the team taking over. Do they have the talent to continue in the blog’s original direction, or take it to a higher level? Therein lies one of the main problems with taking over a blog with a personal domain tied to it.
You could rely on building a new audience who would not care too much about the past, and judge entirely on the new content. Or if you negotiated well, there could be opportunities for the original owner to make guest appearances, be a flagship spokesman or whatnot.
As this would represent a greater challenge for personal domains, it might be a better idea to brand your blog based on a niche-related domain name. It would probably be more marketable in every area. However, in some cases, such a blog could also lose its lustre to advertisers. I dropped my advertising with SiteFever once it was originally sold. It was not quite the same dealing with the new owner, and certainly I could not be assured of his ability to continue the site’s quality.
On hindsight (and a very big one), this blog would probably do better if put on sale with its present domain name. I cannot imagine myself buying a blog called YCTan.com no matter how well it did. Because I wouldn’t be that person and the effort spent to rebuild a brand might not be worth the outlay. A personally branded blog after it has been flipped, in most cases, might possibly be worth much less than before it was sold.
Now forget about selling your own blog. If you had the resources, would you buy one that is personally branded? Assuming it is well monetized but most of this leveraged on the original owner’s brand. As the aim of investing should always be to bring the potential to the next level, how would you do that?
13 Responses
Caroline Middlebrook
November 6th, 2007 at 8:01 pm
1No, I would never buy a personally branded blog, and similarly, I would never attempt to sell my own personal blog. But some people do it though. Bryan Clark of One Man’s Goal is selling up at the moment and although the domain isn’t his actual name the whole concept about the blog was all about his own personal journey towards his goal. Based on that I just cannot see how the new owners are going to follow that.
Steven Snell
November 6th, 2007 at 11:19 pm
2I agree with Caroline.
I think this is something that you have to consider when starting a new blog. Is it something you might want to sell down the road?
ZHereford
November 7th, 2007 at 12:42 am
3Given the right offer, I would guess most people would sell their blog.
Then they could start another one and give it their special touch again.
But you’re right YC, why would someone want to buy a personalized blog?
What makes it unique would be hard to duplicate.
WarriorBlog
November 7th, 2007 at 3:26 am
4I wouldn’t buy one either just as Caroline…but
If that blog is making money, then I would think
about it considering where it made it money from.
IF from adsense or review me, then sure I consider it.
If the blog was high ranked and isn’t making much,
then I wouldn’t buy it.
Monika @ The Writers Manifesto
November 7th, 2007 at 8:21 am
5YC,
Good question which I only discussed today with my husband a few hours ago. He asked me whether I would ever sell any of my blogs and I replied that my self branded blog will never be for sale as well as my Manifesto Blog, because it is stating my online journey to financial independence which I believe is very personal.
My branded blog is to showcase my freelance work and ability to potential clients so either I would never sell it.
In return I would also never buy a blog from a branded entity. Why would somebody do this anyway? I can’t imagine that if John Chow would ever sell his blog that the person who would buy it could keep the readership, especially since the name of John is attached to the blog?
Monika
bloggingzoom.com
November 7th, 2007 at 8:43 am
6How Much Is A Personal Blog Really Worth?…
How much is a blog with a personally branded domain really worth? Even if it is already established with authority and monetized well with advertising revenue and other income streams, would you ever buy one and hope to continue its success? In the are…
Audrey
November 8th, 2007 at 2:34 pm
7I would not buy it and I certainly would not sell it, however, I suppose if one had used, let’s say a nick in the brand rather than a legal name, it could be a consideration if the price is right. No pun intended. Unless! Unless you have someone wanting to take over you life and in that case, you’d better call the authorities. lol
Great post. Worthy of thought.
Nick Grimshawe
November 8th, 2007 at 8:22 pm
8I went the other way and entirely by accident, began with Branding a name, not my own. I have a clear vision of where I want to get to with my blog, and with the brand. So if I ever wanted to sell it, there would be less of a transition. Still the “personality” of the blog is mine, for better or for worse.
Nick
Jason A Clark
November 8th, 2007 at 8:51 pm
9I think it makes little sense to buy a blog that’s branded with someone else’s name. I knew as soon as I started my blog under my name that it could never be sold…but then, why would I want to. If I really wanted to do something like that I would just build a new blog and sell it. I think it would me much easier anyway.
Teejay
November 9th, 2007 at 6:07 am
10A blog if not a personal blog was most likely made for business. It was meant to be sold at one time or another. However, if my blog was named after me, I would not sell the site. It wouldn’t feel right at all.
jessica
November 9th, 2007 at 6:21 am
11First off, great post. Second, i am very new and my blog is simply not worth anything at this point.
Having said that, I believe mine could be sold in the future and I would consider it. Maybe because I am new and feel unattached, or maybe because it is not personal like many others are.
Back to the point, I am curiouse why everyone seems to feel a that the brand that is created with a blog is different than other brands in the larger marketplace.
Disney. Very true to the founder’s vision. That is one example of a brand outliving a person, but still being successful run by people who were not even born when Walt died.
Other Martha Stewart are still influenced by their founders, but are public companies - so it is not purely a represntation of their brand.
And then there are modern day brand flips like Jay-Z flipping his Roca-Wear line for millions. People either don’t know or don’t care - either way the brand continues.
So if it can be done in the public spotlight, why not here in the dark shadows, where no one really knows who is typing?
YC
November 9th, 2007 at 3:10 pm
12@ Caroline - Actually it can be possible. They can convert it to record their own journey towards another goal or something aligned to that. It is a possibility although it might take some convincing.
@ Steven - But what if you never intended to sell, yet ran out of steam due to one circumstance or another? If the blog was doing any good, yet you cannot continue to maintain it, why not sell? Might be good business. :)
@ Z - Hard to duplicate but not entirely impossible I guess. And if you’re good at squeezing every last ounce out of a personal brand, why not. Jessica and Audrey also made some good points here which I was kinda waiting for - personal brands like Disney but have a worldwide global appeal. So it is still possible but you really have to be a marketing genius or broad appeal in terms of your product branding.
@ Sean - Yup I think most people would also look at those as benchmarks whether to buy a blog, especially a personally branded one.
@ Monika - I had the same notions that my personal blog will be personal and a record of my journey as well as my portfolio. That is hard to sell or takeover. BUT if it was used to showcase products - I think these become the focal point of the blog. Then again, I would have branded the blog in the product’s image from the start. Hmmm
@ Audrey - That’s a great point but what if the personal name was a brand/product in itself? Heh!
@ Nick - I think that is a good way and will help in establishing your selling point later, if you ever consider to go in that direction.
@ Jason - Good way - but what if you wanted to brand your name product-wise?
@ Teejay - As above - what if you wanted your name to be a global brand - and then if you managed to establish it - simply sell the maintenance rights off while you retire with royalties? Ah!
@ Jessica - Great points - I think the issue could be that most bloggers do not start out with a personal blog hoping to brand it globally. If that is achieved, and you’re done maintaining it, I think it is good business to sell it, get others to maintain, and negotiate royalties for using your brand. :)
Idetrorce
December 15th, 2007 at 12:38 pm
13very interesting, but I don’t agree with you
Idetrorce
RSS feed for comments on this post · TrackBack URI
Leave a reply
Sponsors
Recent Posts
Recent Comments
Current Site Rankings
Related Sites
Sponsors
Sites of Interest
Categories
Archives
Internet Marketing Mind is proudly powered by WordPress - BloggingPro theme by: Design Disease