Website flipping is a strategy that is growing daily in popularity.
There's no denying it's one of the most lucrative and accessible investment
opportunities in the world right now. It's also a game that can be played from
small time bedroom investors with a few bucks to spare, through to a totally
broke investor who has some of the right skills to do the work
themselves.
But before you get involved yourself, you should follow these basic tips so that you don't make the major time wasting mistakes that lots of new site flippers make...
Tip #1: Pick a good Niche market
The niche market your website is in will dictate how much traffic is out there for you to attract, how many people will buy things in that market and ultimately how valuable your website will be to future investors. After all, you wouldn't buy land and build a palace in the dessert would you?
Tip #2: Is there existing traffic?
Before you buy your first website to flip, it's much easier to work with a site that has existing traffic. This is not essential, but will give your efforts momentum and will allow you to test new offers and sales copy out on the existing traffic so you can make faster progress without having to rely on getting traffic beforehand.
Tip #3: Is there existing money flow?
When you buy or sell a website, the ones that can demand the most cash are the ones that are making the most cash, obviously. Therefore, it's far better to acquire a site that is making at least a dribble of income so that you know money can be made. Equally, you'll have an easier time selling the site at a later stage if there is a history of money made from the site.
Tip #4: Flipping still requires selling!
When you come to sell your site after the work is done and the value has increased, you will still need to provide a genuine reason why you're selling the site and must be honest. People will be suspicious of someone selling a site that is making money and getting traffic, so you need to provide proof, on the form of screenshots, PayPal account earnings, traffic stats or whatever else it takes to show the potential buyer that your site is legit. You will also need to sell the idea of owning the website and really show the buyer the benefits for owning the site in the future (such as income potential, growing market, easy maintenance etc).
These are the core aspects of buying and selling websites for profit, but you should know that whilst website flipping is really fun and profitable, it also requires either money, skills or a solid plan to make it work for you.
If you're prepared to follow a plan, then the one I recommend is a new site flipping guide called Site Rush because it shows you all aspects that most articles and free reports don't even think to tell you, let alone know themselves. Site Rush deals with 3 distinct levels of site flipping based on your available capital, your skills and your time dedication. It also takes you from basic quick flipping on a daily basis, right through to advanced, multimillion dollar site flipping strategies...
But before you get involved yourself, you should follow these basic tips so that you don't make the major time wasting mistakes that lots of new site flippers make...
Tip #1: Pick a good Niche market
The niche market your website is in will dictate how much traffic is out there for you to attract, how many people will buy things in that market and ultimately how valuable your website will be to future investors. After all, you wouldn't buy land and build a palace in the dessert would you?
Tip #2: Is there existing traffic?
Before you buy your first website to flip, it's much easier to work with a site that has existing traffic. This is not essential, but will give your efforts momentum and will allow you to test new offers and sales copy out on the existing traffic so you can make faster progress without having to rely on getting traffic beforehand.
Tip #3: Is there existing money flow?
When you buy or sell a website, the ones that can demand the most cash are the ones that are making the most cash, obviously. Therefore, it's far better to acquire a site that is making at least a dribble of income so that you know money can be made. Equally, you'll have an easier time selling the site at a later stage if there is a history of money made from the site.
Tip #4: Flipping still requires selling!
When you come to sell your site after the work is done and the value has increased, you will still need to provide a genuine reason why you're selling the site and must be honest. People will be suspicious of someone selling a site that is making money and getting traffic, so you need to provide proof, on the form of screenshots, PayPal account earnings, traffic stats or whatever else it takes to show the potential buyer that your site is legit. You will also need to sell the idea of owning the website and really show the buyer the benefits for owning the site in the future (such as income potential, growing market, easy maintenance etc).
These are the core aspects of buying and selling websites for profit, but you should know that whilst website flipping is really fun and profitable, it also requires either money, skills or a solid plan to make it work for you.
If you're prepared to follow a plan, then the one I recommend is a new site flipping guide called Site Rush because it shows you all aspects that most articles and free reports don't even think to tell you, let alone know themselves. Site Rush deals with 3 distinct levels of site flipping based on your available capital, your skills and your time dedication. It also takes you from basic quick flipping on a daily basis, right through to advanced, multimillion dollar site flipping strategies...
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