Website Flipping: How To Turn A Website Into A Successful Business In 4 Easy Steps
Making Money By Flipping A Website!
One of the most appealing aspects of website flipping is its simple business model. The 4 steps to successfully flip a website are in theory very simple. You buy a website, fix it up, and then sell it for a profit. This business model is so simple that you can succeed even if you have no or little entrepreneurship experience.
In addition, the website flipping business requires a low initial investment. You only need a couple of dollars to get started if you’re starting from scratch.
You can also buy existing websites with a high-profit margin for a few hundred dollars. Given that there are virtually no overheads, this business has one of the lowest capital investment barriers to entry.
You should plan ahead of time if you want to make money by flipping websites. Visit one of the online marketplaces dedicated to website flipping to get a feel for how to make money in this sector.
Finding a profitable website is difficult, especially if you want to flip it for a higher profit in a short period of time. However, with the right research and knowledge, even a beginner can find a good site with a lot of potential to start with.
Sell your website for profits.
You can quickly put your website for sale on platforms like Flippa and attract possible purchasers in just a few clicks. Even a broker can be hired here to guide you through the more challenging aspects of selling your website.
How To Flip A Website in 4 Steps
Step 1 is to determine if a website is worth the investment by the income it is generating. Most websites have some type of income source such as PPC advertisement (Google AdSense etc), Pay-Per-Action programs (ClickBank etc) or selling of their own products. Basically, this step is to analyse the current profitable channels and see if you can expand or add in other sources of income. It’s never a good idea to rely only on just one source of income for a website.
Step 2 is to find out where is the traffic coming from. Most websites should have a healthy amount of constant traffic from search engines followed by social bookmarking sites or regular visitors. If most of the traffic is coming from search engines, you should find out what are the keywords that brought in the traffic. Search out the keywords in Google and check out the search engine rankings of the site.
You should also check with the seller what are the top search engines that direct the traffic to the site. With this information, check the on-page optimization effort of the site and you may have more ideas for improvements after you have bought it.
Step 3 is to highlight the areas of possible improvements to the site. If you can come out with at least two quick fixes to the site that can increase the value created to the visitors, the traffic to the site will increase to the next higher level eventually. For example, if you can include an online tool to calculate the financial net worth of a person in a financial blog, that would most likely benefit all your readers in the long run.
Step 4 is to check for backlinks to the site that you are interested in purchasing. It is highly recommended to use a backlinks analyser since it displays almost all the pages that are linked to the site. You may want to try Ahrefs, SEO Spyglass, Raven Tools, Open Site Explorer or Majestic SEO to do your link analysing.
With the above four steps, you should have no problems choosing a profitable website that can generate a stable income for some time. You are advised to check on the seller’s history as well to know more about the seller’s background before confirming the transaction.
How much cash is there to be made from selling websites?
A brand-new website can go from nothing to making $1,000, $2,000, or even $5,000 per month in as little as 12 to 18 months with the correct niche topic. Building and selling these websites to portfolio investors is a less well-known business strategy that has gained popularity. All this can be accomplished through Flippa.com or Empireflippers.com
A reasonable general rule of thumb is 24-36x the monthly revenue, depending on the sort of website. Therefore, a reasonable range for your website’s value would be $24,000 to $36,000 if it brings in $1,000 every month.
Do websites still generate a profit?
Yes, niche websites are still successful today, especially when looking at the big picture. You should view it as an investment for the middle to long-term future as it usually takes 12 to 18 months for them to reach the point of profitability.
Is it possible to flip a website?
Because of how valuation works, flipping websites is extremely profitable. While finding an undervalued site with high traffic but poor monetization, or good monetization but poor SEO practices, can lead to a good deal, it is not required.
What kind of money can you make selling websites?
With the right niche topic, a website built from start to finish can go from zero to $1,000, $5,000, or even $10,000 per month in as little as 12 to 18 months. Building and selling these websites to portfolio investors is a less-known business model that is gathering steam.