Website flipping has been a popular way to earn online income for many years, driven by the realistic chance of radically increasing the value of a site. Buying an existing site, improving it, and then selling it at a greater price is achievable for marketers and designers with lithe experience, but having a methodology is vital to the process. Before you begin, It is Important to understand the value of the site you are buying how much you can add to it, and an estimated price it could be sold for. When you can follow this formula, making money from website flipping is a realistic goal.
Auction sales can be led by the niche of the site. Popular niches can have a number of bidders, leading to a higher pike. it Is also helpful if you can spot an emerging trend before it completely takes off. An evergreen niche, for example health, fitness, and finance, should always find buyers if you can add value to the site. A trend-based niche, however, could be purchased at a reasonable cost, left to mature as the enthusiasm grows, and sold at a profit. Sites like Google Trends will be Important In spotting growing markets Browse Sites
Next, you need to find potential sites for purchase.
KEYSOME is a prominent auction sites, but there are many private sellers you can deal with. Look for sites that you feel you can improve in a tangible way. A site might be unattractive and benefit from a redesign, while others could Improve with a sales funnel that maximizes revenue. Over time, your ability to spot possible improvements will grow.
The best site flippers don’t Just rely on their Instincts. Get used to studying the analytic data about each site. Sellers should provide you with traffic slats Income details, and subscriber counts, but always request them if they are riot readily available. Studying the data might uncover a site that is getting a lot of traffic, for example, though it ‘get translating into revenue. In this case, experimenting with alternative advertising could improve results If a seller is reluctant to give you any analytic data, it is wise to avoid a purchase.
.. The main thing you need to do after you have bought a website is a serious evaluation of the whole concern. We invented the TERM analysis (Target audience, Effectiveness for users, Return users and Mining untapped resources) and this is still my primary evaluative tool, used both before and after I purchase a site. It allows me to clearly see the flaws of a given site."
Purchase the Site
Purchasing a site can be achieved in a variety of ways. A private seller might offer you a deal, with the possibility of a negotiation taking place. An auction site like Flippa will often have an immediate purchase price, but also have an ongoing auction taking place. Regardless of the method, set yourself an upper price limit to avoid getting drawn Into spending more than you are likely to get back from your own eventual sale.
After purchasing the site, it is time to try adding significant value to the worth of the property. Certain aspects might add Immediate value, while other factors take time to come to fruition. Improving the design can take place immediately, taking Into account the emergence of mobile traffic and compatibility. Testing alternative revenue methods can begin straight away, with the option of developing long-term revenue from an email list. New content can be added on a consistent basis, leading to a more thriving biog. Finally, implementing a number of traffic strategies will bring more visitors, but increasing traffic will usually take time.
Sell the Site
When you are comfortable with the value added, the next stage is to flip the site for profit. It could be a quick flip if the immediate sales have had an impact, but there we also benefits to letting it mature. Selling your site involves marketing to potential buyers, so spend time crafting good sales copy that promotes the benefits of owning the property. It Is Important to be responsive to potential buyers, so be prepared to communicate effectively with all serious interest that follows.
Rinse and Repeat
The price of websites varies considerably, but most website flippers are looking to make consistent sales.
“… I have previously outlined some basic steps you can use to assess a websites potential, and identify ways to increase its value. By no means am I am an expert, but having lust bought and sold my third site for a substantial profit I feel it is time to update what lye learned as an elder tribesman might impart wisdom to a younger tribesman. So, bring me my coffee and well get started.”
Domain parking is when someone registers an Internet domain name without creating a website for the domain name to point to. The ad of domain parking has evolved over the years since the early days of the World Wide Web. In the early days, domain parking was done simply to get the desired name registered before someone else took it. The domain owner would then simply place an ‘Under Construction’ or ‘Site Coming Soon’ page on the site until the content was ready.
As the web grew in popularity, obtaining highly desired domain names became competitive and people began grabbing up these domains and parking them with the sole intent of selling them later to someone who actually wanted to build content under that domain name. This became an industry unto itself and domain resell er sites sprang up where people could park and resell the domains they had registered.
Finally, as these parked domains began showing up in search engines or as a result of someone typing a domain directly into the browser, people figured out how to make money on the parked domain while waiting to sell it. This, in turn, became another industry, known as monetized domain parking.
When is it Time to Sell Your Website?
You put a lot of time and work into your website. At some point, you have the choice to sell it or continue growth for your own profit. Selling a website isn’t giving up. Rather, It’s an invitation to sell your first access to build a subsequent success.
Bored with Your Current Goals?
Many people start a website with certain goals in mind. These goals cm include money, traffic, or some kind of brand visibility. Even if you don’t make these goals,it doesn’t mean you’ve failed. If you get bored with current goals, it night be time to move on and sell the website to an owner who is more interested. When you lose interest in a website, you lose focus on goals and they become unattainable. You can sell the site to someone who can take the site to the next level for a good profit.
Are You Interested In a New Venture?
Sometimes webmasters create a website and they no longer have an interest in the current venture. It’s perfectly normal to want to move on to a new venture. You can use the money from the current website to find the new venture, so it can help your financial situation when you sell the current website. If you’re more Interested in the new venture, you can make money to fund this new venture by selling the website.
No More Growth
Even If you can’t grow the business, it doesn’t mean the new owner doesn’t have ways to Increase traffic. At some point, webmasters meet a plateau and can’t figure out a way to build more traffic If you reach a plateau for traffic and can’t seem to build more customers and revenue, you can sell the website to build something new. This is often the result of creating a website in which you don’t have much interest in keeping up with the latest industry news.
Are Your Search Engine Stats Good?
You need good traffic statistics to sell a website. Google Analytics is the primary app to determine statistics, but other software gives you a good Idea on incoming traffic rates. If good traffic Istrending upwards, you can sell your website for a good profit. If your goal was to originally sell the website, good search engine traffic numbers are a good time to sell the site and make a good turnover profit.
You Want to Retire from the Business
Some site owners are just tired of the industry. If you want to move on to a new industry, there’s no problem trading up your current website for a new one. If you are no longer interested in the industry, you can sell your current website and move on to the next goal.
Giving up your website is no easy task, but it can benefit someone else and your own goals. Do some research, find a great re-seller, and sell your current website for a profit when you are no longer interested in building the current brand. It’s hard to decide when you want to give up something you’ve spent months or years to build. However, selling a website is sometimes the best idea for your future and your future endeavors.
Good luck flipping!