Website Flipping
If you have ever heard the term house flipping and had an understanding of what it means, this method might be feel familiar to you. Website flipping is essentially flipping the real estate of the Internet - domains instead of houses. The advantages of website flipping is quite similar to the real life equivalent but of course it can all be done in the comfort of your home and for a fraction of the investment outlay. Anyone can get involved in website flipping if you are dedicated to learning and committing the time and effort required to follow through for a solid return on your investment.
Website flipping can be very easily learnt and to profit from whether you have knowledge building websites or not. With just a little bit of capital and a passion to the project, you can see profit in mere days or even hours once you become more knowledgeable with the strategies. Of course, there are long term strategies which can see profit realise over months or even years and in some cases, domain owners have become very wealthy with simple website flips during periods of economic optimism. But let's not get ahead of ourselves, instead we can learn about what strategies are right for you as well as the advantages and disadvantages of each.
What Websites to Buy
Many beginners who get involved in website flipping make some fundamental mistakes which will seem obvious once you do you your research and understand what you are looking for. There are a number of checks you can perform to see if a site meets your criteria and is ripe for growth following purchase. The main opportunities you will want to keep an eye for are:
High Traffic or Interest - Not every site is able to convert visitors to sales, sometimes a high traffic site is incredibly underutilized and present an opportunity to create products which can reap the rewards of a dedicated visitor base.
High Income - Similarly, not every website is able to produce the appropriate flow of traffic yet they might offer products which can bring in significant income from the visitors that do pass through. A high-income site is a great way to focus on your traffic building activities and scaling an already successful business.
Sites which Need Improvement - You will occasionally come across sites that may have great potential in their ideas or domain name, yet are the result of sloppy development work. This could include the design, placement of ads, pricing structure or just an unappealing appearance. These sites can be great starting points for beginners since the work required is straightforward and profit can be realised in a short amount of time particularly if the initial investment is quite low. An impressive looking site can almost market itself.
Where to Flip Websites
Flipping websites has never been more simple or easy for a newcomer to enter the game. Websites such as Flippa.com provide an excellent base to buy, sell and evaluate websites for sale. Flippa gives you access to a powerful search engine to adjust the criteria to your needs and the kind of websites you are looking to invest in. In addition to purchasing websites, Flippa also allows you to trade domains; this is particularly useful for those who don’t have high amounts of capital.
Flippa also provides a number of helpful resources to give beginners a head start in buying and selling websites for profit, giving an in depth analysis on what to look for, how to build and how to get the best results for your improved website.
There are a number of other website marketplaces on the Internet however Flippa is the most reputable with the greatest security. As you grow more experienced, feel free to shop around at some of the other marketplaces to snag a bargain once you know exactly what to look for.