We here at online-career.com have been getting quite a few questions regarding website flipping and what it is? Whether you want to do this part time or full time it is a must that you regard website flipping as a business if you want to earn real money while doing so.
The best part about website flipping is that it’s a funny!! yet at times tedious business that has unlimited income potential. Some professional site flippers are actually making six figure annual incomes. With that said you should know that your income potential is limited by the time and effort you put into it and that’s where the tedious part come into play.
What is Website Flipping ?
Maybe you are familiar with real estate investing, if you are you would know that the word “flipping” in essence really is the process of buying distressed/old/damaged etc properties with the intention of fixing, and then resell them for profit. Flipping websites is practically the same, except you’re dealing with virtual real estate (online properties) a website usually comes with the website contents and it’s domain name which is practically the same as a house and it’s address, they both deal with property and location.
You can add value to a website in so many different ways such as creating additional sources of revenue or improving conversions. You can also increase the website incoming visitors(traffic) via means of paid or organic(do it yourself). You can also do a re-design to add nice esthetic features to it. If you so wishes to venture into this field you should be willing to do all the above and more in order to make a good profit. The point is,by making these changes you are making the site more valuable, to finally be sold for more than what you paid for it.
What are the Benefits of flipping websites ?
Low barriers to entry. Fun. I do not mean to get all technical on you so let’s get down to business. low barriers to entry, it simply means that owning a website is relatively easy to achieve. The money needed to start is minimal (about $ 100 if built from scratch and do all the same) and can literally have a site up and running in a few hours!
Flipping is a good way to make fast money the possibilities are endless. You don’t even need to make changes to a website. Let me tell you a bit about my first experience :
“last year i bought a iphone 4g website for $119.00us without making any adjustment what so ever to it, i ended up selling it for $470.00us one month later you do the math. In fact the reason why i sold it was because i really did not have time for it. However it was quick cash on my side.”
Everyone from individuals to companies are looking to get online! If you know how to build useful web sites or you know how to sell, really you don’t need the two skills you just need one for e.g if you cant build a website but you are a fantastic seller then you could buy one then put it up back for sale!! in the process using your writing skills to persuade a buyer to buy it for a lot of money. Then its the other way around, if you are not a good seller but you know a bit of coding and the truth is you don’t really need to know a lot about coding for there is always wordpress.org or blogger.com which both comes with an array of themes for website building and they are all free. So as i said if you are willing to spend the time in building a website/blog it’s almost guaranteed that someone out there will want to buy it for the demand is only getting more and more each day.
So if you are willing to take up the opportunity? online-career.com definitely recommend flippa.com for buying and selling websites also we would like you to check out this great training course that will help you to become a professional flipper in no time.