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Website flipping is a tricky beast..just joking. It’s so straightforward. You buy or build a web asset (a website) then fix it up and sell it for a profit (the flip). A 3-part formula that works like gangbusters. So how do you make money website flipping? Keep reading and I will share how I’ve earned more than six figures flipping websites on the side. You’ll love this…
Make Money Website Flipping
Well, you make money on the sale of your website, of course. The difference between your investment and the sale price is your profit.
You buy a site for $1,000 and invest $500 to fix it up. At the end of 6 months it’s earning $500/month and you sell it for $8,000
In this example, your investment is $1,500 and your sale price is $8,000 so you earned a profit of $6,500 on this website. Cool stuff, huh?
You also earn during the time you are making improvements to the site. So, earning $500/month for 6 months, or $3,000 is also your profit. Really, you made $9,500 off this venture. Make sense?
So, there is all kinds of money to be had website flipping.
What’s Required to Make Money Website Flipping
You kind of have to know what you’re doing. If you don’t, you can still make money but it’ll just take longer because you’ll still need that knowledge. The difference between having the knowledge now and having it later, is time.
I taught myself all about this industry. You can too, but you don’t have to! Subscribe below and get all my best tips and tricks for flipping websites and bookmark this blog so you can stay abreast of all my latest blog posts and news published.
Ok, so what do you ACTUALLY need to make money website flipping?
Your website should be valuable.
This is relative but what that means is, it should hold value to one person. Honestly, the site could have no value and you could still land a profit from the right buyer. You only need one buyer.
But, we’re gonna talk about how to make it actually valuable. Here’s what you do:
First, you want to make sure you have loads of content.
Then, you need traffic.
The last ingredient is money.
Content, traffic, and money.
Content, Traffic & Money
Content is the meat of your website. You need loads of it, from pages, posts, and everything inbetween. You want to be a resource to your reader and provide uber-valuable information to them.
A lot of flippers hire content creators because content is so crucial so if you venture into flipping do not skimp out on this.
Traffic is all about driving views to your site. Driving views means you’ll get more eyes on your site, making it more popular and more valuable.
Lastly, money, your the income you make from the website. It’s super hard to make money online and so much harder to make money yourself from your own website. So, if you accomplish this, even if it’s a little, it makes your website so much more valuable.
I once sold a starter website (2 months old) for 100X it’s monthly income!
And, that’s how you make money website flipping. Have you flipped websites before? Share your thoughts down below!