Website Flipping is one of the top ways of making money from blogging, and many pro internet marketers ae using this technique to make huge money.
The basic idea of Website flipping is to create a well-established site and sell it for huge profits. Though Website flipping is not for everyone once you become a pro in buying and selling websites, you will be making huge money.
But to make constant online income it is always good to be creative and, find new ways to earn because then you will get less competition in the blogosphere.
Thus you should keep on exploring new ideas to earn online, one of the ways to earn online apart from usual advertising, sponsored reviews, affiliate marketing or any other method is Flipping Websites.
What is Website flipping?
Website flipping is the process of buying a website, improving it, and selling it for a profit.
The improving part usually consists of improving the traffic, increasing the revenue, and then selling it at higher multiples.
Often, a lot of webmasters create a new content website, drive traffic using SEO and other methods, and then flip it for 40x of monthly revenue.
Two common type of Website Flipping is:
- Create something from scratch
- Buy an already created site, increase its traffic and revenue, and then sell it.
This is an excellent way to earn, but yet many bloggers are not aware of Flipping websites.
Here I’m sharing a few useful tips and tricks for selling and buying websites.
Before that, let’s discuss the 3 basics steps of Flipping websites:
You can purchase an empty or parked domain name, or you can buy a fully-built website.
If you are dealing with a domain name, Always select a domain name after knowing everything about it, like the age of the domain, if the domain is blacklisted by any services, and so on.
How to buy a WordPress blog?
After purchasing a website, you need to do a makeover of that website. Give a professional design, Optimize your site for a search engine, target content, etc. Overall it would be best if you made the website attractive and user-friendly. The first thing a visitor notices while visiting a website is the looks thus try to have a smooth look of the website so that your clients get ready to purchase it.
The last step and most crucial step is to find a client to sell the website. You will get good clients only after you show them the proof of organic traffic, referral traffic, income the website generates, etc.
The next thing you need to remember is to bargain; you should be aware of how to convince the client and fix an amount where you don’t have to face the loss because you have spent your time and money doing a makeover of the blog as well as SEO services.
Flipping a website is not an easy task; you need to work very smartly and creatively and spend time on it. There are pros and cons of Flipping Websites, just like other sources to earn money online; thus, before starting with flipping websites, it is essential that you gain all the knowledge about it.
I will surely come up with a few more tips and benefits about flipping websites in the next article.
Meanwhile, don’t forget to share your views about Flipping websites. Do you think that it is an excellent way to earn online?