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 domainname) 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 awhile, 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, andlater 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 itwithin 6 months for $60,000. The trick is to find a domain that’s a truegem 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 Site Point 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.