Website flipping is becoming an increasingly popular way to make money online because there is a huge potential of making a fortune selling even a single website that is well-designed, established and receives a massive targeted traffic on a monthly basis. Although people make new sites with the intention of selling them once they start getting good traffic that converts. But the term “website flipping” refers to the buying as well as selling of old and established websites in hope of making some money in the process. You may also buy a website to improve its design and apply some proven marketing strategies to improve its performance and then list it up again for bidding on sites like Flippa.
If you follow the conventional way to make money online using this method, you will need a little investment in the start. Even if you decide to make a new site with no prior experience, you will still need to pay for the domain name and hosting fee for the time you plan on keeping the website and till it starts generating revenue. Remember, if your website doesn’t make any money it is of no value to the buyer and so it will not sell. The idea here is to create blogs and websites with an attractive and meaningful domain name, great design, responsive theme, and original informative content in order to be successful flipping websites to make money online.
Steps to Make Website Flipping Method Work
Follow these steps to be a successful entrepreneur flipping websites on a regular basis to keep generating a steady stream of income from home.
If you have decided to purchase a website someone else built regardless of how much revenue it currently generates, there are some points you need to keep in mind in order to find a website that will truly be of use to you. Remember, sites like Flippa do not take any liability for blacklisted domains, so you will have to conduct a research on your own. Moreover, always check the age of domain to be sure that it is not a new domain. Another thing that should be of interest to you is the question why the seller is selling his or her website. You may get in touch with the seller personally and ask for valid reasons as well as anything else you want to know about the website before spending your money on it and to make money online later on.
Once you are satisfied with all the aspects of a website that you want to purchase, it’s time to make the move. The next step in flipping websites method to make money online is to give your new website a facelift. It is also known as revamping or renovating. One thing that you would be doing during this important step is optimizing your new website for search engines. The site might already be attracting a lot of traffic but if you want to sell it off for a greater price, you will need to expend some effort in increasing its monthly revenue. Do everything you can to increase targeted traffic and add more monetizing methods if possible. In a month’s time, your website is expected to grow and produce more output than it did a few months back under another owner.
The last step in flipping websites is to make your site available for sale at different auction sites. Remember you will need to take some screenshots of proof that your site is actually getting the amount of traffic you have mentioned in your auction. Moreover, you need to show how many monetizing methods you are using and how much each one of them is generating on a monthly basis. Only by showing these stats, you will be able to find an excellent client who is willing to pay the price you have in mind. Remember, if you are listing it up on one site, you will have to wait till the auction is closed and the site is delisted to list it again at some other website. It is a good idea to shortlist the sites where you want to make your website or blog available for sale and then choose one of them to carry out the sale.
Follow these steps to effectively make money online by buying and selling websites that you think have great revenue potential in the long run. There are auction sites that allow you to create a listing totally free of cost. However, popular ones like Flippa require a fee to post a listing. Then there are some forums like DigitalPoint and WarriorForum that allow users to interact with one another as well as buy and sell products and services. You may visit these forums to get an idea of what other people are selling especially if you are a novice. Flipping websites may also be carried out on some other well-known sites like Sedo, Website Broker, and Freemarket.
Website flipping can be compared with selling of premium domain names that you managed to get your hands on some couple of years back. Premium domains sell for $100,000 and even more and it is one of the most lucrative ways to make money online without having to leave the comfort of your home. It is therefore advisable to keep all your domain names intact instead of letting go of them by not paying the annual fee. Someone somewhere might be interested in those domain names and you can receive a handsome payment for each domain.
Flipping websites require a great deal of hard work and patience as well as some sort of initial investment in order to start earning like other successful people in this business. But once you get the hold of this method and learn all the tactics of marketing and best practices in search engine optimization, you can be on your way to online success based on your experience with flipping websites successfully and making good money in the process.