Site flipping can be a highly profitable business that can give you great long term results if applied correctly. Much like any business, establishing it takes a while and it takes time to see results. Even though you won’t achieve success overnight, it will still provide you with an excellent starting point to make you successful at flipping sites.
If you are flipping sites for a profit, then you need to use the tips presented in this article, which are easy to implement.
Full Money System One of the first things you need to learn is that the site flipping business is about buying low and selling high just as much as it is about selling sites. However, in order to do this, you should know where to buy and where to sell. When you start your flipping business, you’ll come across various marketplaces, but only two of them really stand out when it comes to actually getting results. These marketplaces are Flippa.com and Digitalpoint Forums. Since most sites on Digitalpoint Forums are sold at below value prices, this is an excellent resource to purchase inexpensive sites. Since Flippa is the premier marketplace to sell sites, your strategy should involve buying low from Digitalpoint, building the sites up and then selling them high on Flippa. Full Money System When it’s time for your very first auction, then what you want to do is restrict them to a week, no more. Doing so will help prevent it from having a premature conclusion. The BIN, buy it now, price is your target, and the longer it runs the more likely you can reach your target, or BIN. On the other hand, don’t even go overboard by having your auction length up to 30 days, because buyers will simply get in their comfort zone and forget about your site after they visit your page once. So you want to create a balance here and keep the auction for a full week so that you can get optimal response.
When choosing to sell your site on a marketplace that is reputable, like Flippa, you should also make sure that you build a relationship with any potential buyers. You need to do your best to convince them to buy your site by answering all comments and messages. Considering that these people will be the ones to put money into purchasing your site, you need to ensure you answer all their queries as soon as possible.
The previous suggestions show how profitable site flipping can be, if you take the important issues we talked about to heart. Even though these tips might seem trivial, they go a long way to increase your profits and help you grow your business. You will find that the effort you put it in will be worth it in the end, even if it does take some time to understand the intricacies of site flipping.