subject: 3 Ideas for Profitable Site Flipping [print this page] 3 Ideas for Profitable Site Flipping 3 Ideas for Profitable Site Flipping
If you're not too familiar with site flipping, then just know that it's a great way to make money and not hard to do. We don't know who the first person was to sell a website, but we're guessing it was early 90s. Once you have everything lined up, you can be in profit within 30 days of making your first website. Also, it's not like you need a large budget to flip sites, not at all. So with that; here are a couple of really useful tips for flipping sites, and we're sure you'll love them.
Before putting your site up for sale, it is critical that you ensure it is earning some money. Let's face it; nowadays it's not really difficult to spend some time and/or money to create a worthy site. The valuable aspects of a site, however, are its revenue and the number of visitors it receives. Why would anyone want to make an investment in your site if it's not generating any revenue? It's true that some people flip new sites that have no traffic or income, but they usually don't make a sale. To ensure that your site flipping business generates good profits then you need to take the time to monetize the website and ensure that it is making some money.
Your site doesn't need to be making a lot of money for you to be able to sell it off, contrary to popular belief. An income of $50 is enough to sell the website for a value equal to ten times its revenue. While there are many ways a site can be monetized to generate a revenue, the simplest is through the Google AdSense program and by promoting affiliate products. These two income sources always seem to be successful. All you need to do is focus on getting targeted traffic with the right content on your site, and the income will follow.
Lots of novice site flippers make a mistake by putting their site up for sale almost as soon as they have built it. They are commonly referred to as 'quick flippers' and they don't have a long term goal or a strong purpose. Their sole interest is in making a quick dollar, despite the fact that most buyers aren't dense and tend to ignore new sites with little to show in terms of revenue and visitors. New sites are usually only bought if they come with an application that would take quite a bit of time to build. Even in this case, brand new sites are sold at low prices, which is one reason it is a better option to wait before making a sale.
If you are a novice site flipper, you need to take care who you do business with. You will find there are experienced con artists who specialize in ripping off new site flippers. People with no track record or any history should be avoided at all costs. Ask lots of questions and make sure to have some interaction with the person in question to make certain you aren't being targeted by a scammer.
Overall, flipping sites can be considered one of the most lucrative and sustainable online business models. To generate great results you need to make sure you are employing the above suggestions, especially until when you start generating a profit, which could take some time.
