Have you ever seen that show, Flip this House? I have. If you haven’t seen the show it is about different investors who buy houses, redo them, and then sell them. They buy the house at a price they are willing to pay, then they restore the house without going over budget, (most of the time the budget is $45k) then they resell the house for much more than what they spent to buy and redo the house. This technique of making money can also be used on the internet. Today I am going to go through the 3 steps to flipping a website.
1. Go to Digital Point Forums, or any other large webmaster forum and buy a website. Remember, do not go over budget. Find a website that has potential to be something. Do not just choose the first offer you get inside your budget. When you are buying your site disregard the fact that the site doesn’t have traffic, that doesn’t come into play.
2. Once you have your site you should get straight to work. First you should go install the plugin, XdForum, XdForum is a forum plugin that will give your blog a forum. This ads value to the website. This should only take a matter of seconds, maybe minutes, but seconds for me. Then you should get find a cool, fresh Wordpress theme. One of my favorite places to get WP themes is Wordpress Theme Designer. You can get cool templates to put on your site. Next put up some Google Adsense, maybe even a private ad, and maybe, if your in the mood one original article. ( you should preferably buy a site that has 2+ articles.)
3. Go back to Digital Point, or any other webmaster forum and sell your site. When you go to sell your site make sure the title is catchy, not dull. Even BS, say the site will be able to re-sell again for a much higher prices, something like that. Then start the thread, but don’t start the bidding at $15, start it at $.01. This will attract a lot of visitors, and it will keep your thread near the top of the forum because many people are bidding. And one last tip, make sure you sell the site for more than you bought it for!
Some other tips about flipping sites are, make sure your reserve is double or even triple what you bought the site for. Post the auction on many different forums to get more eyes on it. If someone offers you $35 and your reserve is $40 do not accept his offer, even if you would be making a profit. Never underestimate the value of your website, becasue some one out there is willing to pay what you want them to pay.
Thanks,
Zach
3 Comments until now.
These are some very good tips and I myself have been trying to sell my blog at http://dogcents.blogspot.com but have not had sucess is it because its a blogspot site? I thought you could sell a blogspot site as well? Anyway take a look at it please and let me know what you think about it. Id really like you to comment at http://dogcents.blogspot.com about this and let me know what you think?
sorry Lilyruth, but you are not aloud to sell blogspot blogs.
This won’t work for larger sites, for small sites (”your reserve is $40″) it may, but to make serious profit you would have to sell couple of them every day, which isn’t that easy
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