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 ahead, there are just two true ways one can enter into this market or rather two strategies that you can use when site flipping. One is to build a website from day 1 and then do all the ground work which include the style, articles, Search engine optimization along with other promotion or buy a well established internet site then sell it at a higher price. Now, you can either want to sell it before it makes any revenue (While using the first technique) or you could choose to sell the website once it starts making you some decent money. Some people who aren’t good at monetizing select the first option (Read as: Can’t earn money with their website), whereas, some people who are either in quick need of cash or due to the declining revenue, decide to sell their web site. The second method of selling websites which is lesser followed by people and well elaborated in the course Killer Flipping Secrets is buying a well established web site 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 negative aspects. Let’s discuss them:
1) Building a site from day 1:
Benefits:
Build it with your own design, thoughts and ideas.
Build it exactly the way you want it to look.
You’ll know the growth of the website right from its beginning which makes planning, editing and changes to the site easier.
You know the site in and out which leads to better efficiency and running of the internet site.
Usage of your own Search engine optimization and promotion strategies helps you understand your internet site better and you will 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 lots of money if not planned and strategized well.
ROI and earning rate (per hour) is quite low in comparison with flipping established internet websites.
Requires certain amount of technical knowledge.
Your website might not rank after all the work and money you put in.
2) Buying and selling established sites:
This technique is well explained in the Killer Flipping Secrets course. It involves buying a website and selling it instantly or within a few days (Could 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’ll at the least build back the money you spent on buying the web site 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.
Want to find out more about get rich online, then visit Annette Lode’s site on how to choose the best flip mastery review for your needs.
