How to Make Money Flipping Website
Making money online nowadays comes in a variety of forms. One of the most common and most profitable ways to make money online is through making and selling websites for profit, also known as “website flipping.”
Website flipping is similar to real-estate, in that you want to create a property that is attractive and provides the owners with a quality site and a nice resale value.
By following a few tips for website flipping, you can take advantage of this money making technique.
Tips for Website Flipping
Design: Remember to use an attractive and neutral design that is geared towards your target market. If your website is about puppies then be sure to include playful colors as opposed to a gaming website which might have a darker color scheme. The aesthetic strength of your website will determine how other your buyers might value it.
Location, Location, Location: If you have a complicated web address, then make sure you play to the strengths of it. Remind your target market about keywords in domains, or explain how the extension benefits the name. You want to make the domain name as attractive as possible to your target market.
It’s All About Presentation: If your website has outdated code, is cluttered with ads, or looks disappointing in any way, then your potential buyers won’t want to take it from you. Make sure to clean up your site, validate all of your code, and do an inspection for anything potential buyers might look for.
As well, make sure to have all relevant information on hand for those who ask (Alexa, Google, Yahoo!, Revenue, etc.).
Features, Benefits, and Extras: Promote any extras that your site has when preparing it for sale. If you have a custom template, then hype that up. If you have an extremely unique concept, then discuss that.
The idea is to make the site look not just of high quality, but unique. Make sure you hype up the benefits that your target market would appreciate most.
Resale Value: People want to know that they will get a return on their investment. Let your market know that the websites you sell them can be sold for even more money one day. Discuss revenue patterns, traffic, and search engine rankings to show that your site is high quality. Give the people what they want and let them know that it’s a good investment.
Learn to Bargain: Always set your base price slightly higher than the price you really want to get for your site. In this way, when you begin to sell sites, you can drop the rate just to the price you expect, and seem open to negotiations as well.
Find the Right Market: Those interested in internet marketing will not want to buy a website based on classic arcade games. Make sure to market your website to the right people, so that you can find interested buyers willing to pay a great price.
Selling websites can be fun and profitable if you know how to use the right tactics. Learning to implement those techniques above will ensure your success in flipping website.