Flip that Website
Have you ever seen the television programs that detail the art of “house flipping?” Generally speaking, people purchase homes for a low cost, fix them up, and then clean up big time when they sell a few months later. While this is not the way that the process always works out, it is the basic gist.
Over the last couple of years, this phenomenon has been brought to the internet. Internet entrepreneurs are buying websites with potential, and then selling them for a large profit after making some changes. Again, this is not a sure thing, but a great way to make some money if you have the proper skills.
While I could go into detail concerning this process, you would be much better off reading Yaro Starak’s post on this at Entrepreneur’s Journey. His post touches on everything from the fun of flipping to what to look for when buying.
If you are searching for a way to make money online, why not look into flipping websites? It takes some time, skills, and money, but just like real estate, the payoff can be huge in the end!
August 25th, 2007 at 2:18 pm
I thought I’d toss in a few links to auction sites people can visit to bid on sites for possible flips.
Digital Point (http://forums.digitalpoint.com/forumdisplay.php?f=24)
SitePoint Marketplace (http://www.sitepoint.com/marketplace/)
Web Auctions Daily (http://www.webauctionsdaily.com/)
August 25th, 2007 at 10:28 pm
I’ve dabbled in it. Only managed to sell one site, but it was for around five times what it cost me.
August 26th, 2007 at 9:15 am
dcr - There is no doubt that flipping websites can be profitable. But just like real estate, it is anything but a guarantee. You may be stuck with a “property” for longer than you ever thought possible…
August 26th, 2007 at 9:35 am
I thought I’d drop some links to sites that highlight sites for sale, so anyone interested has a place to go to find something they might want to flip.
Digital Point Forums (http://forums.digitalpoint.com/forumdisplay.php?f=24)
SitePoint Marketplace (http://www.sitepoint.com/marketplace/)
Web Auctions Daily (http://www.webauctionsdaily.com/)
August 26th, 2007 at 9:47 pm
If you are interested in buying websites, I encourage you to check out my new site:
http://www.SiteViper.com
The site aggregates website for sale listings from SitePoint, DNForum, NamePros, eBay, and a number of other sites. It is the most efficient way to look for sites for sale.
August 30th, 2007 at 9:34 pm
When you talk about website flipping, do you mean just buying up domains or actually buying established websites. Is it the established traffic that is what’s marketable?