Buying and selling websites – The world of the internet has brought a new asset to the global economy that can be bought and sold for a profit: websites.
Asset flipping is not an entirely new concept, as major assets (real estate, vehicles) are commonly flipped by speculative businesspersons.
Buying and selling websites or website flipping is one of the best ways to make money online. The process involves buying a website, enhancing it, and selling it for a profit.
Here we highlight some of what is involved in this activity.
Table of Contents
Learn How To Make Money Blogging
Before you begin, you must understand how blogs are set up and how they make money.
You can learn this practically; that is, set up your own blog and learn as you go along. Of course, if you already understand this, you are that much ahead.
Get to know how some niches (“evergreens”) always make money, the different types of consumers, different ways to increase traffic, and the different monetization strategies. Learn about Google updates as well.
Know Your Budget For Buying And Selling Websites
All start-up businesses need to be aware of the budget: the money required vs what you actually have. It’s just like if you were going to flip a house or ca
Be aware that you are not completely in control of the time lead between your buying and selling transactions.
You need to manage time and money in this regard, so that your lifestyle is not negatively affected during this waiting period.
Know Which Sites To Buy When Buying And Selling Websites
There are many niches available, but not all are worth anyone’s investment. Asset flipping may seem to occur quickly, but you should actually treat it as a long-term investment. So, faddish niches are not good for this venture.
Other risky types include those that may get banned by any government.
What you would do best focusing on are websites that have been dormant for some time.
That is not to say active sites won’t make you any money, but you would likely get a better deal from an owner who has given up, since they he isn’t currently using it so these are good to look out for when buying and selling websites.
How To Find Websites To Buy
Flippa and other forums will provide you with information on websites you can buy. To search them out yourself, use your search engine to find dormant websites.
Here are some quick buying tips:
- Ensure that it is an evergreen niche and that the site has potential to grow.
- Check why the seller is disposing of the site, to ensure that there are no red flags.
- Check on the traffic analysis and revenue proof.
Buying And Selling Websites
As a buyer, you will want to “buy low, sell high”. So try to get the lowest price possible, without being insulting to the original owner. An expert opinion may be in order, especially for your first venture. This may keep you from making a regretful mistake.
Once you have the site, you can begin work to augment it.
Improve the design and look for ways to boost traffic and new sources for more income. Log all expenditures you make for the site’s development. It will be useful when setting the selling price.
As income increases, start looking to sell the site. A site is normally worth 12x to 24x its monthly revenue.
Do your calculations to see how much you have spent on the site in order to set a selling price that will give you a good profit.
Final Word
Buying and selling websites is one of the most lucrative ways to earn money online. For you to succeed, however, you have to learn all about blogging, how money is made online, and basic business skills to know what to buy and when to sell.