If you haven’t yet heard of buying websites or even flipping websites as a way to make money online, you have landed on the right website.
You see I have been investing in websites for years now and through the online businesses I have bought, I have achieved on average a 75% annual return on my investments. And that is without even having to flip the websites.
But enough about me and my success. How is it that people like myself are buying websites and then some that are flipping websites for profit? I can’t speak for myself because I am the buy, hold and grow rich slowly guy. I like to buy websites that have great long term potential and hold on to them to pocket the cash, make a living and re-invest it.
Although there are some people out there who have had great success in flipping websites. Which is basically the same as what people are doing when it comes to flipping real estate.
Where as whilst some people are flipping physical properties and making cash, there are people who are flipping digital property (websites) instead and making a far better return on their investment.
In the market this is called flipping websites, where people are making a great profit out of it by just doing it in their spare time. That is exactly how I got started too, by learning about and buying websites in my spare time until I was able to replace my income from my old job as a plumber and just keep buying and running a few websites that put money in my pocket each month.
Some website investors are not like me at all though, they prefer to go in and pick up a website as cheap as possible. And instead of building it up for the long term profit to keep and hold. They make a few small adjustments to the website, try and increase it’s earnings and sell it on to make a far bigger profit than what they bought it for.
The cool thing about doing this is, you can buy a website and if you really needed to you could flip it in the same day! However, whilst this is not the usual and I haven’t yet heard of this happening, it is far more common when flipping websites to buy the website, make some changes over a few months and then put it on the market to sell.
But right now what you probably want to know more than anything is. How do you get started flipping websites so you can start reaping the benefits and making some money for yourself online?
How I got started, like a lot of other website investors is by looking through Flippa, which is a marketplace where websites are bought and sold, either by auction or a buy it now price. It is kind of like Ebay but for buying and selling websites.
Although whilst this is a great website and an excellent place to get started, there really are many poor, dud and crappy listings (websites listed for sale) on Flippa. Which is why I tend to steer clear and buy from brokers, since brokers list far better websites for sale and your chances of getting scammed are far less.
So to get started buying these websites before you start flipping them you can check out Flippa (where if you know what to look for you can get great deals) or by checking out some website brokers that sell more solid website investments.
Once you have purchased your very first website, hopefully for a bargain. You can then start implementing ways to improve the business. Much like myself when I first started trying to make money online I had no idea how to build blogs or websites until I started using Google as my professor.
I started hunting down ways to get more traffic to my websites, I started working out how to build my SEO, build my social media following and convert the incoming traffic into a higher percentage of sales.
All this knowledge came to me in time where you too can use Google to teach you everything you need to know about building and online business. The Internet is literally swamped with blogs, websites and people at the ready to help you with absolutely everything you can do to improve your website.
There too is the lazy option, and quite often the smart option that I go for a lot of the times now. Where if there is something you don’t know how to do to improve the website, you can hire people to help you and do the work for you which is what we call outsourcing.
Sometimes is can take a few weeks, to a few months to see positive changes in the website business you have bought, and when you see those changes. That is when you can start to value the business when the changes are at their peak and flip the website on to another website investor.
Sure you may have spent a little time and some money investing in the website you had originally bought to flip. But the real reward is when you flip the website for far more than you bought it from.
For example I bought a business where I gained a 100% return on my investment back in just 7 months from collecting the money it paid me each month. If I wanted to sell this business at that time and make some quick cash I would of made a 428% return on my investment.
Although as I mentioned before I like to hold on to my investments, which is exactly what I did with this investment and even to this day I earn money from it every single month. And when or if I want to sell this business my return on investment keeps growing the longer I am the owner of this business.
So buying online businesses, building and holding is one way to grow your capital. However flipping websites is another great way where you can make cash and get a return far quicker.
I hope this post was helpful in sharing with you how people are flipping websites for profit and if you would like to learn more about investing in websites, check out my blog. Or if you would like, you can grab yourself a copy of my Free Report On 6 Exclusive Secrets To Buying Websites For Passive Income to continue your education.