Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,080,204 members, 7,586,872 topics. Date: Saturday, 23 September 2023 at 03:01 PM

Beginner’s Guide To Website Flipping Business - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Beginner’s Guide To Website Flipping Business (242 Views)

I Wrote A Book About Starting A Lucrative Website Flipping Side Business / How To Make Money On Fiverr: A Beginner’s Guide / How To Become A Millionaire With Domain Flipping Business (2) (3) (4)

(1) (Reply)

Beginner’s Guide To Website Flipping Business by xbox360: 1:17pm On Jan 04, 2021
This short section will outline the basics of ‘site flipping’ and will be perfect for those of you who have never bought or sold a website before. It will outline the basic concepts which will then be expanded on throughout the rest of the course.

If you are completely new to the industry or have never bought/sold a website – this is an essential read to ensure you grasp the basic concepts and jargon. If you’ve sold sites in the past, or feel you have a good understanding of the concepts then feel free to skip this section and move straight on.

So, what is site flipping?

It is a very simple concept that has been the foundation of many businesses for
thousands of years and puts million dollar bonuses in stock-brokers pockets year on year. It is simply: “buy low, sell high” applied to web businesses.

The process requires you to create or buy a website and then sell it for a profit. Most site flipping guides out there teach building a simple website and selling it without traffic or revenue. In its purest form, flipping should consist of buying an established site and then making improvements with the intention of selling for a quick profit.

I will discuss techniques encompassing all elements of flipping, which should be suitable whether you have a $10 or $100,000 budget to get started. It should be noted that the most vital part of reading this course is understanding the CONCEPTS behind the business model. Having a blueprint to follow may be great (and we can help you with that), but ultimately, to be profitable in this business in the long run you need to have a solid grasp of the concepts which can then be applied multiple times and have the ability to REACT to the market trends and your competitors.

Whether the site is a local portal for your home city, a forum full of Star Wars fans, an e-commerce shop selling printer ink or just a site with articles – someone wants to buy it! All you have to do is present the site properly and get it in front of the right eyes and you have a profitable business model. I explained more in my main course, but just remember: it’s not WHAT you sell, it’s HOW you sell it. That’s the difference between the average and the very best

For many, the whole process seems very complicated and even the simplest of
terms may as well have been written in a foreign language. In fact, the process can be VERY simple. There is no need to overcomplicate things.

Do I need lots of expensive tools and technical skills?

Not at all. In fact, you can get started with just three things: an internet connection,
and domain name and web hosting. I explained a number of different methods throughout the course that show you the best places to buy and the best places to sell.

Okay, so how does the whole process work?

It depends whether you are building a site or buying a site. In a simplified manner,
we can break it down into two simplified models:

Turnkey/start-up websites:
Buy a domain name, hosting and build a website -> Sell the website

Established websites:
Buy an established website -> add value -> Sell the website

There are a number of places to buy websites both new and established, which are discussed in Chapter 1. Much of this guide will focus on Flippa.com (think eBay for websites) which is the biggest and most active marketplace for buying and selling

Flippa is not the only place to buy or sell, but this will be elaborated on
later as we delve deeper into the marketplaces available.

Many other site flipping “gurus” would replace “add value” with “improve”. I disagree with this. Improving implies that we have to work for our money. And none of us want to do that, right? Adding value doesn’t always have to be about making
improvements, quite often you can find yourself a site that is selling under value, and by buying and listing for sale elsewhere, you can make a healthy profit without touching a thing.

Often, all that is needed is a better sales pitch, better (higher) pricing and you’re laughing (all the way to the bank).

What are you good at?

At this stage it is a good idea to make a note of your strengths. To add value you will generally need to physically make changes to a site, so knowing what you do best will ensure your flips are as efficient and cost effective as possible.
Broadly speaking when you purchase a site, you will need to improve one (or all) of
the following:

• Content
• Design
• Monetization
• Traffic

If you are a SEO pro, look for sites that are poorly optimized and can easily be
boosted up the SERPs.

If you're a great writer, look for a site that already has all the hard work done on design/coding but lacks unique content - this is where you can shine and add value.

Conversely, if you are a great designer, but suck at writing, buy a horrible looking
site that you can easily improve which always increases perceived value to potential buyers.

Track Everything

When you first start out (or even when you are more experienced) it is important to
track and record everything.

Install Google Analytics on your website(s). Widely used, especially on Flippa as a traffic tracking tool this is essential to see where your traffic comes from.

Once you learn to read this data as a site owner you can apply it to your due diligence process Track your traffic, track your revenue and you will soon be able to replicate success and learn from failures.

Now you understand the basic principles it is time to move on to the main modules where we show you HOW to implement the concepts and help you get off to a profitable start. You can by pass the learning curve I went through and jump straight in.

How Much Money Do I Need to Start Flipping Websites?

Honestly, you can launch a website flipping business with as little as $100. The investment would get you a pre-made site or online store that’s generating between $5 to $15 per month.
Re: Beginner’s Guide To Website Flipping Business by xbox360: 3:47am On Jan 05, 2021
You can get my website flipping course of 128 pages and Rosalind Gardner ebook as bonus 273 pages all in PDF if u reach me

Re: Beginner’s Guide To Website Flipping Business by AMI3(m): 5:02am On Jan 05, 2021
How much

(1) (Reply)

Luxury 2 Bedreom Terrace Duplex In Well Developed Environment, Ikate,Lekki,Lagos / Super Spacious Cozy 4 Bedroom Semi Detached Duplex With Maid's Room / International Passport And BVN

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2023 Oluwaseun Osewa. All rights reserved. See How To Advertise. 54
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.