Among most trending and profitable online businesses today, website flipping is topping the chart. This business, if done professionally can yield a high profit, with or little investment. Although this type of business is not new, but it is generating the buzz at the moment. However, to venture into website flipping, there are simple things you need to take into consideration.
Generally, there are two basic ways of doing the exciting business of website flipping:
1. Creating Your Own Websites: If you are trying to minimize your investment in this business, creating your own website will come handy. With this method, you can research on a niche, purchase a domain around it, create the website, fill it with unique content, monetize it and drive traffic to it. Then find a situable buyer for your website on any of the auction sites.
2. Buying an Existing Website: Although this method is easier and faster way to enter this business, you need a little of your investment. Find a cheap website, buy it, bring it up to a good standard, monetize it, drive traffic to it and sell it for higher price.
Simple Steps to Make Money Flipping Websites
#1 – Buy a Keyword-Rich Domain Name
Of course after researching on what type of niche you want to venture into, the next thing is to purchase a good, keyword-rich domain name around that niche. Make sure the domain name is straight forward and easier to remember and mostly importantly, contains the keyword of your niche. This is important in respect to SEO and also gives high possibilities of getting it sold with higher price.
#2 – Create a Website or Blog
The next thing is to create and design a website or blog around the niche. WordPress is your best bet. Get WordPress blog, customize and design it to go with your niche.
#3 – Monetize Your Website
After you must have customized and designed your website to your satisfaction, the next thing is to monetize it. There are several ways to monetize a flip site. A few examples are Google Adsense, Clickbank, Amazon, eBay and others. Monetizing is important because it plays a large role in increasing the value of your flip website. Also, potential buyers seriously look for monetized sites as it saves them considerable time and energy.
#4 – Drive Traffic to Your Website
After monetizing, the next thing is to start getting traffic to your website, because this is also another factor that makes your website sell higher. Use SEO and link building, web 2.0, bookmarking sites, RSS feeds, facebook, twitter and others to gain a lot of traffic.
#5 – Sell Your Website
After seriously following the above steps, you can now sell or flip your website. If you really want real value for your website, I suggest you keep working on it for a period of 3 months by which you must have been getting reasonable traffic. Doing this will grant you the opportunity to sell the website for higher price. Once you are sure that everything is perfect, you can then sell the website on flipping sites like Digital Point Forum, Flippa and eBay.
That is the update for now. In my next posts, I will be discussing on other strategies and factors that can make you a good and successful website flipper.