In order to successfully make a living from flipping websites, you need to learn where to find the sites which could earn you nice profits, how to objectively assess the price for the sites you’ve targeted, and how to negotiate for the sale and close the deal.
After your newly-revitalized website is back in the game, when and how you sell it is entirely up to you. If your site is a hit, someone may proposition to buy it with an offer you simply can’t refuse. Or if that doesn’t happen, you may post a Site for Sale notice on the site itself to make people aware that the site is up for grabs or you can use the market places which you used before in finding sites to flip. When to sell is also crucial, as you’ll command a better price if the site has rising traffic and membership figures and it boasts of increasing revenues.
In site flipping, adding value to the site is probably the core of the business. It is the activity that generates income. There are varying degrees and ways of how you can do this, but writing all of them down would be a bit impractical. In this article, we will discuss some of the more well-known and well-practiced ways of increasing a site’s value:
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Owing to the relative anonymity of cyberspace, scams and frauds are also reaping profits on the Internet, often directly competing with legitimate online businesses. If you go into the site flipping business, you will undoubtedly come across some of these types, and it would be to your advantage if you keep in mind the following tips to avoid scammers and tricksters.
Site flipping, or simply the buying and selling of websites, has become a profitable way of earning from the Internet. Similar in many ways to real estate buy-and-sell businesses, flipping sites basically involves the same processes and methods: finding a site (house) to purchase; negotiating and completing the sale; adding value to the site (house); and finding a buyer and sell for a profit. Of course, in addition to business acumen, one needs to be Internet-savvy to go into the business of flipping websites.
So. . . you’ve worked hard at building a web site from scratch. You started back in 1995 in the web’s “early days”. You built content, built the databases, designed graphics, and wrote software. You promoted your site every chance you got and added e-commerce to generate revenue. The last years seem a blur of staying up late nights, midnight snacks, working odd hours, tweaking code. However, now all the hard work has paid off and you are getting 50,000 visitors every day viewing about 15,000,000 pages the month. One day you get a strange e-mail. It is a well known publicly traded company that wants to see if you are interested in selling your web site. They ask you to name your price. You smile. Wow. Someone wants to buy your web site. Then the smile disappears as you realize that you have no clue as how to value a web site. After all, this is not just like any other business. What do you compare it to? It isn’t like real estate where you can easily check to see what the market is like or what comparable properties sell for. How do you measure your hours or hard work, sweat, frustration, and money that you have poured into the web site?