Website Flipping, How to Earn from Buying and Selling websites or blog
Building a blogging business and making money from blogging is one of the most attractive opportunities in the new decade.
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 and establish the 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.
A blog can be a very lucrative business, especially since it cannot be shutdown. Financial Samurai started in 2009, and it now makes more than my old day job as an Executive Director at a major financial firm.
This is how I started my blogging business.
Look at Blogs As A Real Estate Investing Opportunity, real estate is one of the best asset classes to get rich over time. However, online real estate is the new way to get rich over time.
The flipping of website is a process where you create or makeover a website and selling it off or you can even create a new website, make it popular and sell it off. It is more like buying a house renovate it and sell it to gain profit.
When we do this with websites instead of the house, then we are flipping the websites to earn money.
Checkout all you need to know about Website Flipping, How to Earn from Buying and Selling websites or blog:
Two common type of Website Flipping is:
1. Create something from scratch
2. Buy already created site, popularize it and sell it
When you value a rental property, you will most likely pay between 10 to 15 times the yearly revenue. Therefore, if the property generates about $40,000 in rental income, you will pay between $400,000 to $600,000 to purchase it.
When you value a website, you will most likely pay 18 to 24 times the monthly income. Therefore, your investment return can easily reach 50% – 100% the very first year.
The both type of properties will generate monthly income, the first one (real Estate) will be paid back over 20 years (if not more) and the latter(Blog Selling) will have a payback period of just two years.
So now that I have proven that there is a great investing opportunity on blog selling, here’s what you need to know about buying and selling blogs and websites.
1. Look In The Right Niches
When looking for sites to buy, the niche you choose is important. Don’t choose a site based on a passing fad. Look for sites that feature evergreen content. If you’re not familiar with the term, it means content that will remain useful and popular over the long-term.
Some examples of evergreen niches include:
-Health and wellness
-Money and finances
-Sports and hobbies
-Relationships and Lifestyle
-Food and recipes
-Current events and Politics
2. Know Your Time and Money Limits
Before you think about buying a website, take inventory of how much time and money you can afford to invest. Buying a website brings risks, so you should only spend what you can afford to lose. There are no guaranteed investments, no matter how attractive the website may seem.
Once you have a budget in mind, think about how much time you have to work on your new site. If you find a website that’s already passively making money, you may not need to make that many changes. But you’ll still want to identify areas for improvement and implement the changes to increase the return on investment you get from a sale.
Topic: Website Flipping, How to Earn from Buying and Selling websites or blog
3. Consider Your Business Goals
It’s easy to get caught up in the excitement of big payouts, but before you delve into the world of buying and selling websites first sit back and determine your goals. Online buyers usually come in two types.
“A financial buyer is looking to get a return on their investment. They buy the business and look to reap a percentage return each year,” says Jim Wang, an online media expert who has bought and sold online properties for profit. “A strategic buyer is looking to acquire a business that adds to their existing business. They’re looking for a one plus one equals three situation.”
4. Find Websites to Buy
When identifying sites worth buying, consider a few key performance indicators.
1. How much revenue the website generates
2. How consistent the earnings are (e.g. Are they seasonal? Are there spikes and dips?)
3. Whether the income is generally passive (meaning it’s not entirely ad-based)
4. Does it have upside potential? Consider if you can identify ways to maximize the traffic, expand the revenue sources, and improve the existing content and design.
How to Position a Blog for Sale:
1. Write tips, how-to’s, and thorough tutorials for which people will search (gauge in keyword tools).
2. Minimize ‘life updates’ on site and use a newsletter or social to build that personal connection.
3. Clean up everything in your navigation bars and spend time working on a clean user experience.
4. Prepare yourself to really let it go. It seems like it would be easy, but it isn’t because you’ve worked so hard on building something from nothing.
How to Get Your Blog Ready to Sell Now:
1. Incorporate multiple content mediums (posts, videos, resources to other quality content in the niche).
2. Sample your site on Flippa or Go Daddy Auctions and test the waters for interest.
3. Contact companies to guest post on or to sell content for their blogs to gauge interest and generate contacts.
How to Sell a Website or Blog:
Last step and most important step is to find a client to sell the website. You will get good client only after you show him the proof of organic traffic, referral traffic, income the website generating, etc.
Next thing you need to remember is to bargain; you should be aware how to convince the client and fix an amount where you don’t have to face the lose because you have spent your time and money in doing a makeover of the blog as well as SEO services.
Flipping website is not an easy task; you need to work very smartly, creatively and spend time for 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 important that you gain all the knowledge about it, see How to Sell a Website or Blog
1. Establish Your Site’s Value
Ask a few fellow bloggers in your niche what they think your site is worth, or multiply your monthly income by 12.
If you don’t have any monthly income, calculate what you spent on the site’s design. Collect supporting information like traffic patterns, social media accounts associated with the blog, and other features that might demonstrate value to a buyer. Even if you don’t make an income from your blog, it could still have value.
2. Advertise Your Site for Sale
List the blog or website on Flippa.com, or contact a trusted blogger friend if they know anyone who is selling a site. You may be able to find a buyer within your network.
3. Negotiate and Close the Deal
Be as helpful as possible while discussing the deal, including being quick with emails and answers to the buyer’s questions. See the “buy” section for more details on how to finalize the deal. Get everything in writing, and if you need technical help to release your domain name, hire someone to ensure the transaction runs smoothly.
Conclusion, If you’re considering online entrepreneurship, you have a lot of options. Buying and selling websites for profit isn’t for everyone. It requires a lot of work and skill to identify the right websites and increase their value.
But if you know how to spot a good opportunity and have some expertise in increasing website traffic and online revenue, buying and selling websites can make for a valuable business model and can generate a lot of money.