Domain name flipping is the simple process of buying a domain name and then selling it for more money – so what exactly is website flipping all about?
If you’d prefer something a little more challenging (and potentially a lot more profitable) then website flipping might just be for you. It’s a longer process but the time you invest in this particular activity can net you a lot of cash. And there is more than one way of doing it as well, as you’re about to find out.
There is an ever growing band of people who have figured out that flipping websites is a great way to build up skills, knowledge and an impressive income at the same time.
The basic idea starts with you looking for a topic which does well online. Once you have a successful website on that topic (which you’ll do in one of the following two ways) you can offer it for sale to someone else.
The first way to do this is to start from scratch by selecting a domain name, building a website around it and building it up until it gets a good amount of traffic and interest from people who are into that subject. This can take some time as you will need to get the site indexed in Google before you can take advantage of the amount of search engine traffic that can come your way.
The idea is to build a site that has real money making potential, as well as being able to generate a good volume of traffic. You can do this by integrating elements such as Google Adsense, affiliate links and paid advertising into the site – and in some cases, paid memberships as well.
The second route to follow is easier – but it requires a little bit more research on your part. If the idea of building a site from scratch doesn’t appeal to you but you still want to sell websites for profit then this method should be the one to try. The trick is to look for a website that someone has built which is getting a reasonable amount of traffic. Keyword research will reveal those subject areas and keywords which are perennially popular online, and it is these kinds of websites you should be looking for – something that will always be pulling in traffic.
The fact is that you cannot simply pick a great domain name and stick a few articles and affiliate links on a website and expect it to make money. It takes time and effort, and that’s why websites which have the potential to do really well end up failing. It’s not so much the site as the owner in many cases.
So if you make a reasonable offer to that owner for their website, the chances are good that they will be only too pleased to get shot of the site. And that gives you the chance to get in there and really develop it in order to build on the traffic and potential it already has.
After a few months – when you are earning a dollar or more every day from your website – you can think about selling it. There are a number of websites and forums that have sections for flipping websites to other people, and depending on the profits you are making and the traffic you are getting you could make anything between a few hundred dollars to a few thousand dollars by flipping just one site.
And once you’ve done that and no doubt learned a lot from the experience, it’s a case of ‘rinse and repeat!’ There is no limit to the number of websites you can flip at any one time, although don’t forget you need a few months to go by before you make your first sale since you need your websites to develop before you can flip them. Once you get the ball rolling though you can expect to be selling one or more every week.