You’ve probably seen lots of adds that promote website flipping. This involves taking an existing website, adding value to it and then selling it for a higher price than you purchased it for.
Website flipping requires an increase of perceived value. This normally involves taking a barely profitable site and increasing its profitability. So, you will need to purchase a website, do some work to improve its profitability, and then sell the website.
Of course, this is the exact same process for selling any product. You purchase raw materials (in this case a website), you machine it, form it, or assemble it (like adding value to a website), then you market the site and sell it (just like a car or a hair spray).
So, the first key in website flipping is to find websites with unrealized potential. A number of websites are dedicated to selling existing websites. And, these are the first places you should look. You can also look at expired domains because some website owners simply give up trying to make money with a website and let their domains expire.
Once you have found websites of interest you’ll need to evaluate the sites. This can involve looking at statistics that describe website traffic, keywords used in searches that reach the website, and demographics about who visits the website. The statistics can help you determine if the website is already optimized for the current volume of traffic as well as the likely demographics of the site visitors.
Sometimes, if the current offers on the site do not adequately target the sites demographic audience you can make a simple change in offers to greatly increase response rate and profitability.
Next, you need to increase the profitability of the websites. How you do this depends on the particular website. Some websites are poorly designed or lack a professional polish and need to be reorganized and polished to make the user experience more intuitive. Some sites have pages that are poorly optimized for important keywords. With some rewriting, the pages can better target important keyword phrases, thus raking higher in the search engines and attract more traffic. Other sites need more external links pointing back to the site to improve its search engine rankings.
Websites do take some effort to keep them up-to-date and further improve their profitability. It can take a number of months to improve a sites profitability and get it ready for sale. This allows you some time to decide what to do with the site.
After you have improved the profitability of the website, it’s time to decide if you want to keep the site or sell it. If you decide to sell it you’ll need to provide the current stats to potential buyers. This includes visitor stats as well as income stats. After all, this is how you initially evaluated the site and other potential buyers will expect the same thing from you.
By repeating this process, you can use your skills and experience in flipping websites to make a nice income.
bit.ly – If you are looking for a way to supplement your income with an online business, you will want to consider domain flipping. It is an excellent way to make money online while still being able to keep up with a regular job and any other obligations you may have. The economy has made everyone’s finances a little tighter than they would like, but it has not seriously affected one’s ability to make money using the internet to flip domains. It takes a little time and effort to learn how to do it effectively but it’s not rocket science. If you’re not sure what domain flipping is exactly, the first thing to understand it’s pretty much the same thing as flipping houses. What people do when they flip a house is they buy a piece of real estate for one price and then turn around and sell it for a higher price. Sometimes they fix it up a bit in between and sometimes they just buy smart, knowing they can sell it for more than they paid for it. Flipping domains is essentially the same thing only you’re dealing with virtual real estate. When it comes to domain flipping, you buy a domain name, register it and then either sell it again right away, or sit on it and let it generate income for you. If it is a fairly active website, you can just let it sit there and earn money while you’re working your regular job. You may choose to buy a domain and then build a website that generates income. You may want to add content, pay per click advertising, an opt in email list and any other …
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Filed under: Web Site Flipping
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