Monday, December 08, 2008

Website Flipping - 2 Steps To Selling Big And Selling Safe

So you want to become rich buying and selling websites huh? Well, it has to be said that one of the most accessible ways to do so is by the recent craze and phenomenon known as "website flipping".

Website flipping is a buzz term for short term investing in websites. The real beauty is that unlike physical real estate, you can pick up established and profitable websites for less than a pair of trainers and turn them into residual money makers in no time at all. Then, if you get bored of babysitting that site, you can hand the keys on to a new owner and walk away with a huge lump sum of cash in the process. Welcome to site flipping, now let's look at one of the most important parts of the entire process...

Let's assume you have a website that you've found which is making a little money. You bought the site, built up the daily visitor count and even added some high priced products or high paying ads to it (all of which is explained later on in this article).

However, you're only half way there and if you screw up with the actual selling of the site, you could stand to lose not only time but a lot of money too.

Step 1. Make sure you're selling in the hotspot

There are numerous places to sell your website online, some more reputable and safer than others. When you're selling a site, the things that should be most important to you are the ability to see how trusted and respected the buyer is plus an effective system to communicate freely.

Not only that, but you need a marketplace where there are a ton of rabid buyers who will likely claw and hussle for your site, through sheer competition. One such place which has all of this is Sitepoint.com.

You can list your website in super targeted categories depending on its status. For example, if you run the next best thing to MySpace, you'd list your site in the premium websites for sale. However if you have a brand new blog about cat grooming, you would list your site for sale in the startup websites for sale. If your site is ticking along nicely, you'd go for the established sites for sale.

There are many other options and plenty of user friendly features at Sitepoint.com which makes it a great place to sell your site for maximum profits.

It does cost money to list your site for sale, but I can assure you that providing you take the right steps to listing your site for sale and have properly "flipped it" for maximum profits, then you won't need to worry about the small fee.

Step 2. Avoid being scammed AFTER the sale

Many people worry about buying from a seller who is unlawful and a possible scam artist, but whilst this is a legitimate concern, it is also likely that the seller is worried about the buyer being less than savory. Why? Because a seller can still claim their money back, particularly if they have paid by credit card, via a chargeback.

This could happen if the buyer is either unhappy with the transfer of the site progress, or simply if the buyer is trying to rip you off. The truth is, if you're not covered with some kind of basic contract or agreement, you might end up losing your money...which is a real nightmare if you've already transferred the site across to the buyer! You would have just lost your site and now facing a chargeback for the sale...ouch.

Conclusion

There are lots of aspects of becoming successful at site flipping but having said that, it is considered one of the easiest and straight forward businesses to run online in recent years. The marketplace is thriving, you can control your budget and investments and you can essentially dictate how much you would like to earn each month as a result. Want to earn $2000 per month? Fine, just buy a site and flip it up to that level, then take the profits and reinvest. It soon becomes a snowball effect as your profits pile on top of each other.

Not sure how to tell what a site is worth selling for? Simple! Just take the revenue that it is currently earning per month and multiply it by 4x. This is a general rule and sometimes a site can be sold for a lot more than that whilst earning less, depending on other factors.

If you'd like to know what these factors are and how to get your first successful site flip under your belt, check this out: Website Flipping Program "Project Archimedes"

2 comments:

Fortune Park Hotels Ltd said...

A site named “All About Jazz” have surpassed around 1000 websites since 18th June 2008 to become one of the highest ranked websites in the world. The current ranking of the site is 18,892 surpassing the 19,000 mark leaving most of the jazz sites far behind with rankings of 270,000 to 765,000. As per the Alexa standards, any site that makes it to the top 100,000 is considered to be a premium site.

The Alexa toolbar can be downloaded free of cost and the rankings of various websites can be viewed whereby one can identify the credibility of a site. Alexa determines the rankings of a particular website only after classifying, sieving, anonymizing, tallying, and computing the traffic rankings of the sites depending on their usage by the millions of Alexa users and other traffic sources. However, only those websites will be listed that are visited by the Alexa users in the past 3 months. The Alexa users have visited about 11.2 million websites and the website that has the highest reach, that is, the number of unique visitors to the site on a single day and has the maximum page views, that is, request for a particular URL, is ranked as the numero uno site. However, if a same visitor visits the same site on the same day multiple times it will be considered to be a single visit.

Humphrey said...

In Internet marketing, you can make money by promoting and reselling your internet products and by recruiting new e-commerce shopping Cart. What’s good about this is that you can find widest array of training materials that can enhance your marketing abilities. In internet marketing, you can be sure that there are genuine products to promote and sell and there is real income to make. http://www.infyecommercesolution.com/

ss_blog_claim=cd579a54baa0b3f371c2324386aa7ced