Flipping Web Sites and Domain Names For Fast and Easy Profits
Some of us do it with houses, some of us do it with cars, and some of us do
it with web sites. We buy those things, improve their appearance, add a few
exciting new features, then we sell up for a few thousand pounds easy
profit and maybe a great deal more. It’s called ‘flipping’ and it
represents one of the easiest, most profitable ventures of all, as this
‘Flipping’ is the term commonly applied to the exciting new business of
buying and selling domain names; or developing and cashing in fast on new
or existing web sites.
Really spectacular profits can come from buying a domain name inexpensively
in one location and reselling it for a profit elsewhere, such as by
purchasing it from an inexperienced buyer on eBay and reselling it where
more knowledgeable web site buyers congregate, on eBay, for example, or a
host of up and coming web site and domain name brokers.
Many full-time flippers buy sites inexpensively, with or without domain
name, and focus on growing value in a site, by adding content, for example,
and monetizing it with AdSense or ClickBank promotions and growing traffic
from articles and blog postings, before finally offloading the whole
caboodle to the highest bidder on eBay or other popular auction site.
Web site also domain name flipping is one of few businesses known to
survive and even thrive in a recession, mainly because flippers are
targeting up-market buyers, people with money to spend and desiring web
sites that are already receiving traffic and generating income. People pay
high prices to avoid having to develop sites themselves, or drive traffic,
or identify profitable niches.
Those bit price buyers also like the risk-free element of buying an already
profitable site, as opposed to paying web site designers to create sites
for them and waiting months to see if their new site is profitable or a
total flop. So they’ll pay high prices for a site that’s already making
money, and we are not talking peanuts here, we’re looking at potentially
many hundreds of thousands of dollars for a site and domain name that
probably cost you less than ten dollars and demands just a few days or
weeks of time and effort from you.
A lot of money can be made in very short time, even by people without
web design experience and having little or no technical ability, and
tales are told of new and experienced flippers buying existing sites
for a few hundred dollars (most sales take place on American sites) and
offloading them days or weeks afterwards for several thousand dollars.