Archive for the ‘selling’ category

Can Flipping Websites Be a Full Time Job?

October 25th, 2009

Can Flipping Websites Be a Full Time Job

Flipping websites involves a lot of work, and if you know what you’re doing and you work very hard you can make a decent income. After all it’s just like working as a web site designer, SEO consultant and internet marketer. In fact it’s a fusion of the three jobs, and if you can do them reasonably well, you can be assured that you have an opportunity to make a consistent income from buying poorly designed / optimized / marketed websites, improving them and then re-selling them for a profit.

The secret to website flipping is knowing exactly what a sites worth and more importantly, how long it will take to get a return on your initial investment. Remember that the investment you make is both a financial one and it is also time based.

When you’re thinking of turning website flipping into a full time income, the first thing you should do is work on it as a part time hobby. Build up a collection of short-term flips, longer-term flips and also sites to keep because they generate a good passive income. There is no reason to flip a good passive income website is there?

The golden rule of online business and Internet Marketing is passive income. As a site flipper you will get the opportunity to buy and sell sites that have this as the primary goal. Spend the time to build your own personal portfolio of the best performing earners so that there is always something making you money.

Getting good at site flipping isn’t difficult and after a while you will start to realize how much time it takes to get a site into shape, and most importantly you’ll know if a site is worthwhile. Remember, $30 an hour for 30 hours a week is a lot better than $15 an hour for 60; so don’t fall under the spell of online business, keep track of your hours and treat it like a real brick and mortar enterprise.

If you can make a success out of flipping websites then you can also market your services and experience to other people. Internet marketer’s long for the abilities of someone that has the skills of a good site flipper and as time goes on, those high ticket-price websites won’t look so scary. Whilst a $10,000 dollar website sounds like an insane prospect at first, you could soon be turning that into a $50,000 website.

Can you make money flipping websites? The answer really depends on the person. It’s like anything really.

If you can commit yourself, show passion and enthusiasm and exhibit creativity in your work, then you can certainly start to make a regular income from flipping websites.

Website Valuation

October 23rd, 2009

website valuation

Selling websites is a tricky business because surprisingly, up until recently, not many people valued them as tangible business assets. Instead, they thought that something which could fit on the size of a CD couldn’t actually be worth a great deal…

These days, websites are amongst some of the most valuable business assets a company can possess. Many companies wouldn’t even exist without their website. Think Google… Websites valued at anything from a nothing at all to billions of dollars!

When it comes to knowing your website’s value, how do you calculate it? Do you workout the time you’ve spent in hours developing it? Do you base its value on how many visitors it gets? It’s actually very complicated, and it depends on a number of factors. One rule of thumb is the more valuable a site is the more difficult it is to value!

Looking at the monthly profits is an important aspect of figuring how much your website is worth. One of the best rough calculations you can do in order to get a rough appraisal is to calculate the monthly profits for the past three months, then multiply by three + the age of your site. i.e. if my website generates $10,000 a month in profit and is 4 years old then I’d want to sell for $10,000 *(3+4) = $70,000.

But that’s just a general metric. It’s important to take into account other factors such as how many daily visitors you get. Chances are you’ve not went to great lengths to monetize your site, in which case, you can ask more based on the monthly visits. A good way to calculate is to add $1 for every hundred visitors your site gets, but remember to work this out based on an average over a reasonable period of time so you’re not basing you’re sites value on inaccurate information.

One of the other most important aspects of selling a site is its domain name. Usually domain names have separate value and it’s important to get a domain appraisal before you start to sell. In some cases, the domain can be worth more than the website, so take this into account when selling.

Ordinarily speaking, domain names need to be aged i.e. a few years old and they also need to have quality extensions. This means .com .net and .org. If your site is based on a .info domain then this will reduce how much you can ask, because .info domains and other ‘novelty’ domains are neither valuable nor attractive.

But the bottom line in selling a website for sale on the internet is that it is only ever worth as much as someone is willing to pay for it. Don’t think because you spent 1,000 hours working on it that a site is worth $5,000 dollars because whilst it may very well be worth that much, it could also be worth less or alternatively more.

Don’t make the mistake of selling yourself short, and most importantly, don’t try to sell your site for more than it’s worth. If you can’t get a good price, hold on to it for a bit longer, because someone will buy it, eventually.

Essential Tools in a Site Flippers Tool Box

October 21st, 2009

Essential Tools in a Site Flippers Tool Box

When you start flipping sites, you need nothing more than a willingness to succeed and some entrepreneurial skill. The secret isn’t so much in being an expert in website design or SEO it’s in knowing how to develop an idea. Like anything, a little knowledge goes a long way, and when it comes to site flipping there are a few essential tools that can both save you a lot of time and also a lot of money.

SeoQuake – SeoQuake is actually a Firefox extension that is without doubt one of the best SEO tools and also coincidentally, incredibly useful for checking the sites vital statistics on Google, Yahoo as well as MSN. It can also tell you how old a website is as well as give you other information such as Alexa Pagerank which is useful in gauging just how popular a website actually is.

Domaintools.com – is a tool that can be used to check up on a domain name to see who its current owner is as well as any previous owner information, and so much more. It also gives a brief rundown on SEO history and other facts which can be useful in determining the value of a site.

Archive.org is a great tool to check how old a site is and also what the previous versions looked like. You can really go back in time with this tool, as it mirrors almost every change done to a website.

Aboutus.org can be a useful tool when looking for more information on a site. It’s generally a good place to look for information on large volume sites as this is like the Wikipedia of websites – people can post comments and other things about a site on Aboutus.org.

The tools you need to start site flipping really are quite basic. The list above is a very small one, yet it is also infinitely powerful, and some of them such as Google and SeoQuake are great tools to use in order to give you an idea of how much your site is actually worth.

Google tools are amongst the most powerful and the list can be broken down into keyword tools, analysis tools and stats tools. If you are building a website, then it’s important to use an accurate statistics package and Google Analytics is one of the best in the industry.

When it comes to flipping your website, one of the best places to go to is flippa.com it’s the most popular place to sell websites these days and you can use it to check up on everything as well as a get a really good idea of how much your site is worth.

When it comes to selling, flippa.com takes a 5% success fee, but it’s worth it. They have successfully sold sites from $10 up to $600,000 and all without a problem. In our opinion, it’s the single best resource for buying or selling any website.

How To Protect Yourself From Website Flipping Scams

October 19th, 2009

Protect Yourself From Website Flipping Scams

As flipping websites has become infinitely more profitable, more and more people have joined in on the bandwagon. Sadly, not all of them are selling legitimate web sites. Some may simply be stolen, others may be completely fraudulent. Simply paying money for a website may not even guarantee that it’s yours! So to ensure your absolute safety whilst buying or selling flipped sites, make sure to follow our guidelines below.

Google is Your Friend – The golden rule when conducting any sort of online transaction is to check the person out online first. This could involve searching for their name or e-mail address on Google; it’s surprising how much it can reveal. Make sure to do your research so that you know the person you’re selling to or buying from is legitimate.

Check WHOIS Information Thoroughly – If you’re buying the site make sure to get the URL off of the seller before you go through with the transaction. Visit a site such as http://www.who.is and double check that the registrant is the person who is selling. If it’s not then you may be buying nothing but thin air.

Always Use an Escrow Service – When it comes down to the final transaction, if you sell without an escrow service you always run risk of being stolen from. Whether it’s your site or your money that gets stolen, PayPal do little to help, and in the case of bank transfer it’s next to impossible to get them reversed, so use a reputable online escrow service to give both parties piece of mind.

Traffic Can Lie – A common scam that happens just before a sale is that visitor figures are artificially inflated by sellers who purchase traffic at a very cheap rate. As soon as they’ve sold the site, the traffic disappears and you’re effectively left with nothing but a dysfunctional site. Make sure that you have access to full statistics so you can check traffic and make sure there is a natural looking growth pattern. If there is not, chances are it’s a scam.

Check The Domain Name – Did you know that if you bought a domain name such as Microsoftsoftware.com you’d be at Microsoft’s mercy as to whether or not you’d be allowed to keep it? If you’re thinking of buying a flipped site that features a possible copyrighted or trademarked domain name, then don’t because it’s only a matter of time before it could be subpoenaed and subsequently deleted, along with the website.

Sign a Contract – Before completing the transaction make sure to have some form of written contract which states what’s been transferred and what you’re giving or receiving. That way both parties are protected and you can rest assured knowing that whatever’s been agreed on is also in writing.

Flipping websites is filled with all sorts of problems to be aware of, but given appropriate care, this is a highly lucrative industry where you can make fortunes in just a short period of time. However, the golden rule of life is always if it seems too good to be true, it ordinarily is!

Don’t ever believe anything on faith, and especially when it comes to online transactions, make sure you know exactly what’s happening at all times. The Internet really can be the Wild West, so be careful out there!

Flipping Micro-Sites For Profit

October 15th, 2009

Flipping Micro-sites For Profit

If you’ve done a bit of research into website flipping then you have probably already found out a whole load of conflicting views and information. The reality is that website flipping is profitable, it works and most importantly – you can flip anything if you can prove to the world it’s worthwhile.

With so much bad information out there, knowing exactly what’s worthwhile and what’s not can be a difficult process. The golden rule for website flipping is that traffic = value. This could mean that single page web sites which are keyword optimized and receive a lot of traffic are actually profitable to sell!

Micro-sites are actually incredibly effective ways to flip websites. Whilst people think that flipping small sites is for small-timers, some of the best website flippers are the ones that are smart enough to do the research beforehand, find an extremely profitable niche and then exploit the search engines by building a site that is laser-targeted, keyword rich and search-engine friendly.

Micro-sites really are the site flippers secret weapon and this is because they make extremely profitable Google AdSense landing pages which when advertised on places such as SitePoint really does get a lot of interest. Especially when you can show that they are already profitable. Let’s face it, anyone would be mad not to buy a website that is already making a fully automated, passive income.

Creating the perfect micro site is all about impact. This means your template for the page needs to be more attractive than normal, because when it comes to building smaller websites, there is limited space for content. You need to fill the gap with an attractive layout and good presentation.

These days, you’d be surprised to hear that a lot of micro sites are actually ran using the ever popular blogging platform and pseudo-content management system, WordPress.

WordPress is a great way to build a micro-site for flipping because it instantly makes site management a piece of cake. Add to the fact that it’s also natively search engine friendly, and you have the perfect platform to build micro-sites that are ready to flip.

When it comes to selling a micro-site it’s all about profit. You need to show to potential buyers that with next to no work, they can have a profitable site which will make them regular money. There are two main types of directly profitable sites; the first are Adsense ready type sites which are designed to get traffic and send visitors through to AdSense, and the second is to create an internet-marketing style micro ste.

There are countless ways to build micro sites and it really does depend on what you envisage as being most profitable. If your experience lies in affiliate marketing, then chances are you can make a potentially profitable marketing site quickly.

When it comes to building micro-sites the secret is to think about your seller and build a site they’d be interested in. Before you start, take a look on popular places to sell so that you know exactly what type of site is profitable and most importantly, how much they’re selling for. Micro sites can be extremely profitable, just make sure to do your research beforehand!