There is really no secret on how to buy and sell websites online and make money from home. As a webmaster or website flipper, your main job will be the ability to find the right buyer who is willing and able to buy your website or blog at a profit and I will explain how you will go about it shortly. However, beyond this article, you should further invest in your knowledge if you want to be on top of the game as a beginner site flipper in order to understand the nuts and bolts of making money flipping websites for profit on the internet.
Set a Budget for Your Business
To start your website flipping business, you need to set a budget to buy your first website to sell. This will greatly depend on your deep pocket and the level you are willing to operate from as a website flipper. You can start buying and selling websites online with as little as $ 500 or as high as $ 250,000 and above. It depends on you!
However, if you do not have any money at all to get started but have enough time to commit to starting and running an online business profitably, you can build a website from scratch and flip it too. But you have to understand that it will take you time to set up a well-optimized web property, create and publish content on it regularly, get free targeted traffic to the website, build backlinks to rank for target keywords on SERP and make money from your website before you finally flip it for profit.
In other words, you are either investing money to buy established website or blog that is already making profits for the incumbent webmaster for you to resell at a later date or investing quality time to start a website from scratch. For the latter, you need strong internet marketing skills to build a profitable online business to sell from the ground up and make profit.
Decide on the Type of Website to Buy or Build
Depending on what you are passionate about, you can buy a website or blog of any type and description. There is Google AdSense monetized websites, forum sites, membership sites, e-book selling sites, turnkey and established e-commerce sites, and so on, which are up for sale at auction marketplaces.
You can conduct due diligence on any blog or website of your interest to see the possibility of buying it which is usually through competitive bidding. A good place to start buying websites is Flippa.com for both starter and established websites.
But if you are building a website from scratch, it means you will conduct market and keyword research, market analysis and evaluation for target keywords, register a domain name and buy web hosting, set up your blog website, promote your website and build backlinks to rank your site for long tail keyword phrases. Yes, it is a whole gamut of work to build a website flipping business that will appeal to lots of potential buyers. And you need strong internet marketing skills to excel at flipping websites as a beginner.
How Much is My Website Worth?
In order to not set your expectations too high or even shortchange yourself when selling your website at arm's length transaction, you need to have a ballpark figure of how much to sell your website or blog in the open market based on verifiable website valuation criteria.
For you to have an idea of how much your website is worth, you have to keep records of your website's activities long before the sale which will include traffic sources, site income and net profits, costs and time to maintain the website and so forth.
An easy way to value a website is by using the multiple of monthly net profits. For instance, if your web property is currently making $ 500 a month net profit for at least 3 months consistently, you can expect to flip that site between $ 2,500 and $ 5,000 ie $ 500 times 5 or 10 months net profits paid to you in advance as the seller .
How much is my website worth? The above example is just one method to value a website especially when it is already earning some income for the owner. You can also use the cost per click (CPC) model and multiply it with the number of monthly unique visitors your site is getting for your main keyword phrase to determine how much to sell your website if it is not making money online at the moment. But this method is highly subjective. All in all, the value of your website is how much a potential buyer is willing and able to pay for it.
Where and How to Sell Your Website Online
On where and how to sell your website online, you may have to explore a number of methods to become successful at it. The most popular method is to list your website for sale at auction marketplaces and secondary domain markets.
You can offer your website for sale to your list of subscribers if you have any. Better yet, you can create a web page on your website giving details of your intention to sell and leaving your contact information for potential buyers to reach you. It is really about creativity when trying to sell a website to a target market outside public auction listing.
There are no hard and fast rules on how to buy and sell websites online. The fastest way to make money flipping websites is to start a profitable online business that you can sell.