Flipping Websites to Earn Income
There is another way you can Earn Income off of the internet. How about adding the act of Flipping Websites as one of your Startup Business Ideas ? What is it and how do you go about flipping websites? Simply put, you buy a website and then you turn around and sell it as quick as possible, not unlike the idea of flipping houses. Earning an income off of Flipping Websites depends on the quality of the website you buy and if you choose to put in some time to make it more appealing to both the user and the search engines.
To see a sample of what may be up for sale check out Flippa, Sedo, Afternic, Ebay and TDNam to name just a few. There surely are plenty more domain auction websites to choose from, do a quick search and you’ll see. The goal is to find a name that works for you, there are featured auctions, expired domain auctions, closeouts and the deal of the day to choose from.
My thoughts would be to buy a domain that has a relatively decent name with keyword capabilities; meaning having a domain name that has searchable keywords matched to it. From what I have investigated on the internet ideally you want to be able to buy your domains low and sell high; common sense right? Some experts in the field say as a general rule they like to turn them around within six months, if it goes longer perhaps it’s not so much of a flip anymore, that moves into the area of ‘buying to hold’.
As an example I have purchased the domain relaxedhomebiz.com, not at an auction but from my web-host that sells domains at regular prices. Since that time I have built this website up with content, some SEO work and have promoted it on several different fronts. I’ve had this website for more than six months so if I were to turn around and sell it, it’s not really a flip anymore. A person can consider this an ongoing development which in time I may or may not decide to sell.
Flipping Websites isn’t new but it is something that you can get into to turn a profit, I think it’s a great idea and I am going to be getting immersed in this venue very soon. Speaking for myself it probably won’t be considered true site flipping because I intend to develop the sites I purchase, get them listed in the search engines, bring some organic traffic in and then perhaps sell them off when they are worth more. This is my concept and it can work as long as I do not put more money into the website than I can sell it for; we need to turn a recognizable profit to make it worthwhile.
Going on gut instinct this one feels good to me and if we’re smart we can make flipping websites a rewarding business. This is one of the Startup Business Ideas that should be added to the list for those of us who have a little bit of know-how. Buy Low and sell High!