Flipping Websites The Online Entrepreneur’s Answer to Flipping Properties

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One of the hottest internet topics today is “flipping websites.” You hear
about people buying domain names, and then turning around and selling them
for a profit. At first look, it appears to be an extremely complicated
process and something you’d need real connections within the marketing
world to get into, but it’s really not. Just look at a website (or a domain
name) as being a property in the real estate market. Some of them are
jewels that are just waiting to be renovated, and then sold for a large
profit.

There are 2 ways to do a “flip”. You can do a “short-term flip”, or you can
do a “long-term flip”. Short-term flips are generally tougher to turn large
profits on, but every once in a while one can make a hefty margin when
advertising the domain name to the right potential buyers. All my
experiences in “flipping sites” have come by doing long-term flips.
Moreover, I like to find “jewels” out there in the marketplace, and then
build out high quality content on them. Then after sitting on them for a
while, I sell them for a hefty profit. My biggest success in doing so
resulted in a profit of $171,200. I purchased a website for $1,800, and
later sold that same website for $173,000. That wasn’t a fluke either,
within that same year I purchased a domain name for $200, and flipped it
within 6 months for $60,000. The trick is to find a domain that’s a true
gem and that’s primed to rank well in the major search engines. Then
building out the website to the point that it’s becoming a nice revenue
stream, and selling it off at SitePoint or another website marketplace.

Of the entire process, the only somewhat challenging part is building out a
website that quickly becomes a decent revenue stream. However, if you have
the right tools, and know how to use them it is really quite simple. The
average person is 100% capable of doing it, whether you believe it or not.
If your dream is to work for yourself, flipping websites might just be in
your future.


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