Welcome to the world of profitable website flipping! One of the most exciting aspects of becoming a website flipper is that you are in full control of your projects, and are able to build a solid business of your own, even with minimal experience. Not to mention, the start up costs are next to nothing.
For as long as the Internet has existed, the most valuable commodity is virtual real estate. And unlike the missed opportunity to register $10 domains that later turned into multimillion dollar sales, websites never lose their appeal, value or demand. People, from all walks of life, including both new entrepreneurs to experienced veterans are always on the lookout for their next website.
As a website flipper, your job is to create dynamic websites that cater to this ever-growing demand, while always keeping a pulse on what is successfully selling in the marketplace, as well as any changes in trends and patterns that may affect the style or themes of the websites you sell.
When it comes to flipping websites, there are many different ways to get started, including:
• Long Term Flipping
• Short Term Flipping
With long-term flipping, you typically create a website and work towards establishing it over a period of time before selling it on the open market. During this period of growth, you monetize it, build organic traffic campaigns that funnel in quality traffic, and work towards developing the websites position in both the search engines and within its niche market.
While long-term flipping requires dedication and patience, it can quickly pay off as websites carrying page rank, traffic and revenue are always in demand, and can generate a profit of up to 200x your investment.
If you are just getting your feet wet and are interested in making fast cash with simple website flipping projects, short-term flipping is probably for you. With short-term flips, you work towards creating simple websites whose value is demonstrated in its cosmetic appeal, brandability factors, uniqueness and potential rather than existing revenue or traffic.
With short-term flips, you can end up selling multiple websites in a single week, whereas with long-term websites, you would only sell the website after a few months of consistent growth as to get the best return possible based on your investment of time and money.
As for the types of websites consistently selling in the marketplace, there are dozens of different formats and themes that are always in demand, including:
• Info Product Websites
• Niche Blogs
• Scripts & Software Sites
• Online Forums, Communities & Directories
• Training Based Websites
• Membership Websites
• Adsense Based Websites
In order to get your bearings and to determine what type of website you’d be most interested in creating, you should become familiar with the popular website flipping marketplaces, including:
While there are others, these two are the largest marketplaces online.
As a website flipper, your main objective is to build websites that will generate consistent profits, but you also need to look at the bigger picture, growing your online business.
One of the easiest ways to do this is by building a newsletter around your website releases. Incorporate an opt-in box so that visitors can sign up for notification of upcoming websites, as well as receive discounts for repeat purchases. Not only will you be able to maximize your sales but you’ll dramatically reduce the time it takes to sell your site.
But building a list is far more beneficial than just giving you the opportunity to connect with your target audience. You can actually collect incredibly valuable information from those that join your list, such as what types of websites they are most interested in, what themes, topics and styles.
You can also run ‘custom offers’, where you are able to generate business from those who are interested in hiring you for private developments, a common way for new flippers to maximize their income, while building up a portfolio of websites they’ve sold.
Keep your squeeze page simple, with a strong headline, bullet-point listing of the benefits of joining your list, and your opt-in box. You can also add a privacy page and contact page should visitors be interested in asking you questions.
For maximum exposure, consider adding a thumbnail with a direct link to your website listings each time you post a new site so that visitors to your squeeze page can quickly see what you currently have available.
You also want to make sure to keep in touch with your subscribers, even during periods where you are not developing sites, so consider emailing them with useful content, tools that can help them with their business, tips, and resources to continue building that relationship and your brand!