Growing, Selling & Investing in Online Businesses with Dominic Wells

Dominic Wells is a Content Website Investor.

When Dominic and Mike first spoke, Mike had no idea what a Content Website Investor was.

After years of teaching English in Taiwan, Dominic realized that he did not want to leave the country, but also did not want to teach English forever. He decided to try his hand at making money online through affiliate marketing websites.

Dominic quickly realized that the industry was selling a sub-par product and needed something better. Those websites led to his first real business: Human Proof Designs, which builds high-quality done-for-you affiliate websites.

After he started helping people with their starter sites, he opened up more services and built a team of more than 300 contractors to help people with a wide variety of their online business needs.

He then started Onfolio, his current company.

Onfolio helps people buy a business, or a portfolio of businesses, as an investment. They then run the business for you, benefiting from the growth of each one that you own. Sort of like investing in online real estate, except your “house” in this case is a company.

Some of the big takeaways of this episode are:

  1. “We overestimate the value of a year and underestimate the value of 10”
  2. Investing in businesses aren’t as secure as real estate, but they’re oftentimes cheaper with higher gains
  3. Remote work is good for finding talented people since you aren’t limited to local talent
  4. Don’t give up on a website too early. Getting from the bottom of page one on Google to the top can mean everything in terms of traffic.

Be sure to follow Dominic online at his website Onfolio.co, his LinkedIn profile, or email him directly at dom@onfolio.co.

You can also check out his old company Humanproofdesigns.com, here.

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Episode 34