How’s that for a catchy headline?!

One of the main ways to make money from Flipping Websites is to buy a fixer upper type of website. The idea is simple, you buy an old crappy site with some hidden value and then you fix it up for resale at a higher valuation. Beyond just flipping websites you should consider making most of these improvements to any website. Of course another option is to hold onto the site which is often what we do.

Here some relatively simple things you can do to fix up a website. This will improve the experience for your users and hopefully improve the value of your asset.

Make your website lightning fast

Have you noticed how much Google loves speed? They even have a chart that in the Google Websmaster Tools that shows you how fast or slow your site is relative to other sites. So clearly making your site faster is essential.

To improve website do the following:

• Add caching
• Remove unnecessary http requests
• Remove extra database calls
• Make all images web friend and low file size
• Use CSS image sprites. (if you even know what that is your probably don’t need to be reading this)

Create Kickass Content

Why do people visit one website over another? More often than not it has to do with how useful/interesting/engaging/unique the content of that website is. If you don’t have compelling information on your site you’re dead in the water. Spend a couple hours writing something that you know is useful and interesting. Do that often and you’ll get more and more traffic over time.

To improve your content do the following:

• Create super useful content
• Make the content unique and highly relevant
• Add photos and graphics to enhance the content
• Use flickr creative commons images for free high quality imagery
• Add personality to the writing. Be a jackass or a trouble maker if you want to engage people.

Design

Less is more
Simplicity: easier said than done. If you can strip away everything that is not essential from your site you’ll probably do well with your site.

Logo
Hire a freelancer to build you a new logo at 99 Designs

Rebuild the site
Use odesk to find a web developer to rebuild the website

Search
People want information and they want it NOW! Look at how successful Google has become. All they do is let people search. That said, if your site doesn’t have a good search mechanism you’re losing out. Your visitors may not be able to find the information they need by simply navigating around your site. Google even offers Custom Search Engines that you can use. This essentially allows you to harness Google search for your own site.

Overall Usability
Usability is huge. Get your mom to try to use your website or someone who isn’t as web savvy as you are. It will blow your mind to see how non-digital natives use the web. Just keep your site simple and people will like it. Just look at the Google homepage…

Navigation is key
Is your site easy to use? Is the navigation across the site the same? If you force your users to have to learn your bizarre navigation scheme they will be turned off and probably go somewhere else to find the information they need.

Test test test
Be sure to test your site across all the other operating systems and browsers. Browsershots.org is handy for this. Of course if you write valid code you shouldn’t have to worry about this too much.

Search Engine Optimization

Honestly don’t worry too much about SEO. I’ll say that again DO NOT WORRY about SEO. It seems like people are always in search of the quick fix or the quick buck. They spend more time on SEO than on their actual content. Clearly this is ass backward. Obviously you need to do all the SEO basics but your focus should be on creating a really high quality experience for your users. If your content is not useful or relevant for your users all the SEO tricks in the world won’t help you. If you haven’t done the basics take a look at the information below. Otherwise skip ahead!

Use Good Page Titles
Make sure you use unique, consistent, and relevant titles on every page in your site. If you’ve done this already just be sure to check that the title’s are both short and relevant to the page. Just look at the title of this page! It’s catchy, interesting, and relevant.

External Linking
Be sure to link to relevant and respected sites that will be useful for your visitors. A spammy garbage website would have no external links because it would try to trap visitors and give them no way out. Whereas your kickass amazing best site ever has lots of links to government and educational websites in your niche because you want to provide great resources to your users.

Internal Linking
Make sure you use lots of internal links throughout your site in the text of your site. This not only makes it easier for people to get around on your site but you get to choose the anchor text and the link.

Headers
It is often said that a significant gain can be had from using headers properly. If you have a paragraph or subject that needs a heading use the correct header tag with relevant keywords. This is pretty obvious because if you are going to write good content you would do this anyway to improve readability.

Keywords
A small thing you can do is highlight your important keywords with a bold tag. Do this only it improves readability of your text.

Marketing

Build backlinks
Obviously building backlinks is a critical step in this process but often people forget that they can have some influence here. If you’re going to do some link building don’t forget to build deep links into your site for your various keywords. Don’t just use one keyword and send everyone to your doorstep.

Build an email list
You’ve done lots of work to get someone to show up at your website. Now what? They read something or find the piece of information they need and they bounce. ACK! One way to capture a visitor is to give them something really valuable in exchange for their email so you can stay in touch with them over time. For example on this website we give away a free ebook about flipping websites. Did you get your copy yet? Once you have their email only send them highly relevant and targeted information. Don’t spam the hell out of them. It doesn’t do anyone any good. The goal of this is to be able to stay in touch with people who come to your site. It is not to spam them. If you’re a douchebag spammer GTFO!

Use Social Media
I hate the term social media but there is certainly something to it. Give your users a variety of choices for communicating with you and staying in touch. Not everyone wants to be on another email list but they may want to follow you on Twitter, or become a fan on Facebook. Give them a choice…

Be Useful
Go out to other forums and websites in your niche and provide help, resources, or just post comments to let people know you exist. If you do this in a non-douchey way and you actually help people, you’re chances of getting a link back will improve dramatically. Do this in an altruistic fashion. Meaning be genuinely useful and don’t expect anything in return. It’s all about the Karma bitches.

Guest posts
Find the biggest blog in your niche and do a guest post for them. Many big bloggers don’t have time to write the massively awesome content that you can create for them. So offer to write free content for them in exchange for a link with the anchor text you want of course.

That’s enough for now. I’ll add more later.

[photo by nikonvscanon]

If you haven’t already go check out flippa.com. It’s probably the best website for finding sites to buy and sell. They’ve flippa.comjust added a new feature that allows you to “watch” a seller just like you would on eBay. They’re constantly improving the site and we really appreciate it!

flippa.com

Flipping websites is really about the process of buying websites with hidden value, fixing them up, and then selling them later for a profit. The buyer is happy because they have a new site, the seller is happy to turn a profit, and the user gets a better site. Everyone wins!

That said, there are many instances when flipping a site is a really bad idea. Figuring out if you should keep your site for the long term depends your goals among other things. In some cases it’s best to hold onto your site and just keep improving it over time.

Here are some questions to think about when deciding whether or not to sell your site:

• How profitable is the site?
• How much work is it to run the site?
• Was the site created only to make money?
• Are you using the site to establish your brand or online presence?
• Did you put the site together for fun?
• Can you leverage the site into something else?
• Is the site in question making money in an evergreen niche?
• Is the site fad?

If you just want to make a quick buck flipping your site then go ahead! If the site is holding you back, taking up too much time, or you need some money to move on to bigger and better things that by all means sell the site!

However, a better strategy is often to really invest in your website and build it out really well. Add real value to it. Work hard on it. This will increase your revenue on an ongoing basis as well as dramatically increase the valuation if you choose to sell down the road.

The key is to always be adding value for your users no matter what you do. Make your site faster, add better content, add the features your users want.

There are loads of places where you can list a website, but the question is, how do you know which is the best? With forums, auctions and dedicated site flipping marketplaces, each has its own strengths and weaknesses.

Using a Forum as a Marketplace

Digitalpoint, Webhostingtalk, Namepros are examples of popular forums that have sections dedicated to buying and selling websites. From here you can execute the whole transaction and you can also get your site appraised by the community for free. In general though, using a forum is a great way to get interest for a site, but it doesn’t afford either party anything in the way of protection as the transaction is entirely between seller and buyer.

Using an Auction as a Marketplace

eBay is the main example here and as more and more people use eBay, more and more people find out that it’s perhaps not the best tool for the job. Whilst you can successfully flip a site with eBay, it does nothing in the way of verifying any information, other than listing what you provide. As a result, whilst eBay does offer some level of protection, you are still largely responsible for what you buy.

Using a Dedicated Flipping Site

Flippa is the best example of a dedicated flipping site. It is one of the best places to go and because it’s the most popular you really can gain some valuable market insights. The site is highly reliable and they also can authenticate data such as traffic stats to provide some level of safety. By using a site such as Flippa you can take advantage of escrow services which afford both parties some degree of protection. The community on Flippa is knowledgeable and helpful in preventing scams and other fraudulent activity.

Perhaps another option not many people think of is selling the website directly. Many people simply advertise a website for sale on the site itself, but you can often get a lucrative deal by marketing your site to other sites in the same niche, suppliers and even business associates. After all, a good website is worth its weight in gold, and selling your site to someone that’s familiar with it is a lot easier than selling it to someone that’s not.

Whilst many of these sites have their own weaknesses, the reality is that they do work for selling websites. If you are careful when it comes to buying and selling, if you shop around you can find some really good deals simply because some people haven’t heard of the more popular sites such as Namepros and Flippa.

Do your research thoroughly and don’t walk into deals blind. Know exactly what you’re getting in to and don’t become a victim. Whilst you should always be careful, there are loads of bargains out there, you can find a profitable site for yourself, or a lucrative opportunity for resale. When it comes to selling however, save your site for the best marketplaces and make sure you get as much exposure as possible.

Flipping websites and flipping domain names are both profitable ways to make some money online. While the concept is similar the actual practice of flipping websites is quite different from flipping domains.

Flipping websites is usually a longer-term and more profitable endeavor. On the other hand domain flipping yields less in the way of profits, but it can be quicker and requires less technical knowledge than flipping websites.

Spotting a valuable domain name is not easy. Here are three things (among many) that domain buyers should consider: the domain age, domain length and also domain extension. If you’ve got a domain with less than four characters, then you are onto something that will sell to someone. In fact every single four letter domain combination has been registered in the .COM tld.

As the internet gets more and more popular, good domain names are becoming harder to find. As a result it’s next to impossible to register a new domain name that really is exceptional, so instead if you want to flip domain names you should consider looking at drop-lists for names that are about to be de-registered.

Drop-lists are filled with thousands of domains that are about to be ‘dropped’ from the registrar’s database, as a ‘domainer’ or domain flipper it’s up to you to go through the list and separate the good from the bad. Look at page rank, domain age and back links to discover whether or not the domain’s worth anything, but be aware that there are also many other people doing exactly the same thing.

Once you’ve found some profitable domains it’s up to you to place back orders. If you’re lucky you may just win the domain, but more likely than not someone has already beaten you to it. A good domain name can sell for a small fortune and in the past domains have sold for millions. It all depends on what people are willing to pay.

Regardless of what people say, flipping works and it can generate a substantial income if you can show commitment and passion in this highly expert field. It’s not for beginners or those that think they can make a lot of money in a short period of time, so before you start flipping anything make sure to know your market, because it can be a very expensive investment if you start to make the wrong mistakes.

The bottom line for any form of flipping is that they can all be profitable. It’s simply a case of knowing what people are willing to pay for an item.