So I am talking about flipping business. But what is flipping?
Flipping simply means buying something and then selling it at a higher price. As a result, you earn a profit.
I talked about it in one of my previous articles ( 5 Quick Money Making Ideas Online ) already. But I couldn’t explain thoroughly how to actually enter the market for maximum profit.
Since, this is one of the most powerful passive income ideas online, I couldn’t ignore talking about it a little bit. But today i will discuss about its potential.
If I am not wrong, website flipping will be one of the fastest growing online businesses in the coming years. So it’s better to get into the market right now. You will surely make mistakes in the beginning. But soon you will be able to see its positive side and understand the income potential in this market.
Click Here to Watch This Awesome Video at the Millionaire Society.
In the video, the man is showing you exactly how he is making thousands of dollars online using this website flipping system. The video should inspire you and make you understand how profitable this market is.
He is selling his step by step guide at a price of just $97.
While I don’t recommend you to purchase it if you can’t afford, I believe you should definitely get the information; at least if you have the ability to buy it.
Because the information you will receive is much more valuable than its price.
It is said that it’s difficult to earn online. While it may sound true to you, it’s not always true. I have personally made a lot of money from my online activities.
Here is an article where I discussed about how I built a small affiliate site within just 3 months and made around $5000. Don’t think small. Think bigger than what you can imagine and it really works. Believe me if you can dream, you have the ability to make it a reality as long as you have real passion for it.
So I was basically talking about website flipping. But before I start let me tell you this article is a little long. But it’s sure that every word is valuable. If you don’t have time to read it now, feel free to bookmark it.
Flipping websites is a business that can certainly get you some quick money.
But for a better and bigger business model, you need to invest your time to learn the best strategies to be a winner. Today, I will tell you exactly how you should start and how to make it profitable.
This step by step guide will definitely help you even if you are a beginner and don’t have any idea about it. Just follow everything, I mentioned here carefully. Remember, you should consider your first website flipping venture as a learning experience. Soon, you will discover its earning potential.
Join Flippa – The #1 Marketplace For Website Flipping.
Since, it’s all about buying and selling websites, you should choose only the best platform to start your business. Why I highly recommend Flippa is because Flippa is one of the top website brokers in the world.
It is visited by thousands of website sellers and buyers on a daily basis. Although there are many other sites doing the same job, Flippa is the best place because of its high number of visitors. Flippa is the most visited site of its category.
It is one of most visited 1000 websites in the world and United States.
More visitors means more earning potential and obviously more opportunities to grow your business. It’s a place where you can get thousands of potential buyers every day. So it will not be difficult to sell the websites you will be selling. Because, most visitors to this site are already interested to buy websites. You just need to present your websites in the correct way so that it can be sold.
After you sign up at Flippa, download their FREE 70-page Pro Guide to Buying Websites. This will help you learn the basic strategies you should follow when you buy websites. The reason you need to sign up is because you can now communicate directly with buyers and sellers. You will be able to bid or make offers on websites, domains and apps and add websites to your watch list.
Things To Consider Before Buying Websites.
You will find a lot of sites listed on Flippa. But you shouldn’t buy just any site of your choice. Remember, you need to make money from the site you want to buy.
You have to sell it again on Flippa at a higher price. For that, you will have to renovate the site. To make everything possible, you must choose only websites that are easy to manage and focused on a hungry market.
1, First of all, you have to focus on a hungry market with hungry buyers. Think about a site regarding life insurance, making money, real estate or newest technology trends. The market of these websites will never be down.
People are always looking for information on these topics. These kind of websites are always profitable and attract potential buyers.
2, Otherwise, find a very small market. Let me give a small example about what a small market is. If a site talks about making money online, it’s a broad topic. Because there are a lot of things that can be discussed. But if a site talks about making money from YouTube, it’s a very small topic.
The best part is that it’s not very difficult to rank a site focused on a small topic. Because of less competition, it becomes a lot easier and you make money.
3, Think about the revenue generator. Someone who will buy your site will buy it to generate revenue. So you have to prove that it is possible to earn money from it. Find out how much visitors the site is already getting and the quality of the sites that are linking to it.
These where the fundamental things you need to check before you buy any site. This will make sure that you are not making any mistakes.
Otherwise, you may incur huge loss.
Try to invest small amount of money in the beginning. Flipping websites becomes a lot easier when there is less money at stake.
Can You Really Make Profits Flipping Websites?
Do you realize that over 47,450,000 new domains are registered each year? And an additional 42,625,000 are transferred to new owners. That’s exactly 90,075,000 customers waiting every year to spend their money. And do you know that they are probably waiting to spend their money with you?
So if you are serious about making $5000 or more money every month online, working less than 15 hours every week, then you must master the website flipping business. Making money online isn’t always easy, cheap and profitable.
In fact, if you don’t know what you’re doing, you could easily lose a lot of money and end up dead broke!
Let’s take a look at some of your options right now and understand why they may not be good for you always.
Running Google Ads : Nobody tells this. But you actually have to pay from $0.50 to $5.00 every time someone clicks on your ads. It is for most of the time. It could cost you hundreds of dollars a day.
Then if you find something that works, you could easily get shut down by Google, and all of your hard work and thousands of dollars goes down the drain.
Building Websites : You have to either know how to build one on your own or hire someone to build a decent website. It could cost you a huge amount of money. Then, after paying to have it built, you have to spend ongoing money on advertising to make any sales.
Affiliate Marketing : Even though this is a great way to make money online, it requires very specialized knowledge. If you don’t have the right training or lots of time to practice, it’s very hard to make any real money quickly.
You either need to have a mentor or a top notch affiliate training program to follow. Of course, you have to spend money on that. It is obviously not a quick process for most people and may not work for you always.
Now, I am not saying that doing all these stuff is bad. If you have money to spend on marketing and you have the patience to do the whole ‘Trial and Error’ things for a few months until you see some results, then by all means, go for it. But if you don’t have lots of money to spend, then you must find a better way.
So you have probably realized the power of website flipping business and how much money you can make. It’s really so much profitable. So now it’s time to find out what you really need to do on Flippa.
As already mentioned, if you are looking to buy or sell an online property, Flippa is the best place to join. Here are some important things to remember.
Basic Guidelines to Buying and Selling Websites.
Flippa is like a matchmaking site for online property buyers and sellers. So it doesn’t handle transferring money or websites between buyers and sellers. They do automatic verification of each property. So only place a bid when you really want to buy. If the seller accepts your bid, you’re legally obligated to pay.
Do not make a bid which is more than the reserved price of a website. Because if the seller accepts your bid, you are obligated to pay. There are two kinds of ways to buy and sell websites – at public auction or private sale.
Make sure you know the differences between these options, and understand your obligations as a buyer in the auctions and sales you participate in.
Even though Flippa automatically verifies important details of the listed sites, do your own research before you make a bid or offer. I would highly suggest you to follow their blog. They regularly publishes new articles about research tips and tactics. So it is a great place to learn new techniques and skills.
If you want to sell at auction, your reserve price on your listing should reflect the lowest price you’re happy to sell your property for.
Once bidding meets your reserve price, you’ll be obligated to sell the property for the highest bid you accept, so your reserve price matters. It can be as low as $1, or as high as you want it to be.
Accept bids or offers in good faith.
Don’t accept bids or offers from buyers you don’t want to sell your property to. Remember: if you’re selling at auction and your reserve price has been met, you’re obligated to sell to the buyer who makes the highest accepted bid.
If you accept a bid in a private sale, that offer wins, ending the sale. Remember to take care in researching potential buyers when you’re accepting bids.
How To Make Real Money And Profit?
Since, website flipping is basically buying a website and then selling it at a higher price. Obviously like real estate, it’s a very profitable business.
This business model works for almost anyone who has at least the basic knowledge. I think that this article should provide you a complete idea about how to go for it. The rest depends on how you utilize your intelligence to earn more profit. Let me give you an example of how it really works.
Suppose you bought a website for $100.
It means that you paid $100 to get the ownership of the site. Once you are a verified owner of the site, you are ready to sell the same site.
Now you may ask for $150 for the same site. When you successfully sell the website for $150, you make a profit of $50.
So the fundamental concept is very simple to understand.
Since the value of a website depends on a lot of different factors, most of the time it is confusing to understand what should be the exact price of a website.
As a owner, you can surely ask for any price you would be happy to sell it for. So your listing price would be the value of the site. But don’t go for a very high price. Then it will be very difficult to sell.
Remember, your listing price should reflect that you are selling your site at the lowest price possible. You should clearly tell your potential buyers why your site is valuable and should have been priced higher.
Your buyers should clearly understand the income potential of your website. To make your description more interesting, I would highly suggest you to follow the same description when you bought the site.
For every websites listed on Flippa, there is a description that clearly tells people why the site is valuable. Take a note of this description before you buy a site. You may use the same description when you sell the same site at a higher price.
Remember, your description should contain some important details like the age of the site, how the site is making money, the costs of running it, why you are selling the site, where the most visitors are coming from and of course, how well it may perform in the future.
It is not very difficult to write a good description and make it interesting.
But if you are unable to write, you may sometimes hire people to write it for you. In the beginning, don’t go for buying sites that are priced very high.
There are many websites that are being sold for as low as $10. You may start with these kinds of sites and slowly grow your business for more money.
Once you have knowledge and experience, you will be addicted to this. Because you will be able to continuously make money flipping websites.
Flippa is my best choice to run a successful website flipping business. It is such a business that never fails to work. The best part is that it’s a system that anyone can get started with and make a lucrative full-time income online.
Thank you for taking time to read the entire article. If you think that this information is really helpful to increase your overall income, don’t forget to share it. Or show your love with a tweet.
You can alternatively share it on Facebook or other social networking sites. Here, you will find a lot of sharing options. Please use them to show your love and help more people at the same time.