When it comes to making money online one of the easiest ways is to buy a website, improve upon it, and then sell it for profit. This is know as ‘flipping’ websites and, with a little practice, can easily make you hundreds of dollars on each website with a very small amount of time invested. So, let us learn how to flip websites for profit.
The first thing that you need to do is be on the lookout for good deals, the better the deal the greater the profit. Because of this you will an account on the DigitalPoint and SitePoint forums, the two biggest website buying and selling forums online. Once you’ve signed up for an account start looking around for cheap websites, eventually you will get a handle on prices and be able to purchase more expensive ones for higher profit margins. Anything under $100 is great to start as you will certainly make a profit. Once you have selected a website go ahead and buy it. Now all that you have to do is to increase its worth.
This can be done very simply and in a few different methods; traffic, money, or both. Usually money comes with traffic so for your first time flipping a website for profit concentrate solely on this. What you will want to do is go about doing some basic SEO. Find some blogs, that are relevant, and drop backlinks in comments. Write a couple of good articles and submit them to Ezine Articles with your backlink in the resource box. Submit the website to as many social bookmarking sites as possible. In a half of a day’s time you have successfully increased the traffic of a cheap website with little to no traffic by drastic levels. From here you want to take a few further steps.
Make sure the website is properly monetized, often time ads, paid links, whatever the owner was using are not optimized. Place them in good locations or perhaps increase their frequency. Write 3-5 high quality articles that are 100% unique. Integrate these into the website and build backlinks for them as well. Now you are ready to flip your website, or are you?
You come to a crossroads where you must choose one of two paths here. Either simply try to resell it now, after a half a day’s work, as a more promoted website with higher traffic for a marginal return or hold on to it. It is recommended that you hold on to it for at least a month; in this time continue to purchase new websites. This provides you with a couple of different advantages. First you will get some free income from however you have monetized the website before you sell it and second your traffic and revenue stats will be higher, allowing you to demand a higher price when you sell it.
This is all there is to website flipping. Now that you have learned how to flip websites for profit simply put this plan into action, rinse and repeat. Eventually you should be able to get a feel for the value of most websites and be able to purchase very expensive websites where the profit margin is much higher; this is where the real money is.