Website Flipping: Easy Methods To Flip Your Site?
Site flipping is nothing but real estate on the web. The site flipping market is not as volatile as the real estate market making it a safer bet.
Moving forward, you will find just 2 genuine ways you can enter this marketplace or rather two techniques that one can use when website flipping. One is to build a website from day 1 and do all of the ground work which includes the style, content material, Search engine optimization along with other promotion or buy an established web site and sell it at a more expensive price. Now, you can either choose to sell the website before it makes any earnings (Using the first technique) or you may want to sell the site once it starts making you some decent money. Some people who aren’t good at monetizing pick the first option (Read as: Just can’t build an income with their web site), whereas, some people who are either in quick need of cash or due to the declining revenue, decide to sell their site. The second method of selling websites which is lesser followed by people and well elaborated in the course Killer Flipping Secrets is buying an established website and selling it right away or making small changes and selling it at a larger price. Each of these methods have their own benefits and disadvantages. Let’s discuss them:
1) Building a web site from scratch:
Pros:
Build it making use of your own design, thoughts and ideas.
Build it exactly the way you want it to look.
You will know the growth of the website right from its beginning which makes planning, editing and changes to the web site easier.
You know the site in and out that leads to better efficiency and running of the internet site.
Usage of your own SEO and promotion strategies helps you understand your website better and you’ll be able to analyse and know exactly what steps that should be taken in the future.
Drawbacks:
Time consuming.
Could lead to wastage of resources if the website is not successful.
You could lose a lot of cash if not planned and strategized well.
ROI and earning rate (per hour) is quite low when compared to flipping established internet websites.
Requires certain amount of technical knowledge.
Your site might not rank after all the work and money you put in.
2) Buying and selling established sites:
This process is well-explained in the Killer Flipping Secrets course. It involves buying a website and selling it right away or within a few days (Can be done long-term as well) after adding a little “oooh-la-la” to it.
Benefits:
Requires very little time.
Return on investment as well as earning rate (per hour) is significantly larger than that of the former technique.
Does not require a lot of technical knowledge.
All the work is done for you.
You aren’t taking too much of a risk as you know where exactly the website you’re purchasing stands in terms of ranking, earning, traffic, etc…
If smartly done you will at the least build back the money you spent on buying the website and expenses that you incurred in its promotion.
Disadvantages:
You can’t customize everything as to how you want it (If you do, you would end up spending a lot of money and time on it-You’d rather make a new website).
You wouldn’t have worked with the website right from the beginning which would produce it a little tough to plan the future decisions for the web site.
This is a small comparison between the 2 methods used by website flippers today and you could quite easily figure out that the second method trumps the first by quite a margin. At the end of the day it’s your pick and you could work in whatever manner you feel most comfortable with and which you feel will be more profitable to you.
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