Fliptactics – The Concept Of Flipping! Part 1
The concept behind flipping websites for cash isn't a complicated one and it's one which we have been dabbling in over the past few months and watching others doing to obvserve the best methods to use when flipping. Flipping isn't something I would want to do full time myself but it is something I've been able to use to add a good addition income stream for my business. I only tend to sell sites which I have no interest in keeping.
What Is Flipping?
You'll all have heard of flipping websites around the web, flipping is simply selling a website (or domain) you have built or accquired in the aim of making a profit on that sale. There are plenty of info products appearing around the internet which claim to tell you the secrets behind making $1000's of extra dollars a week just by selling websites. Whilst this is completely possible you don't need to buy an info product to tell you the so called secrets simply because there aren't any. Flipping websites isn't a hard thing to do there are just a few things you can do which will increase your chances of selling a site and achieving the maximum profit possible on that sale.
Where To Flip?
There is only one place on the internet worth selling a website in my opinion and that is Flippa.com, some people have asked me about selling websites on eBay and my answer would be don't do it. Flippa is a purpose built online marketplace designed specifically for selling websites and domains, eBay isn't. If you sell on eBay you are likely to come across more problems than you will with Flippa.com plus the market you are selling to is no where near as targeted as is it on Flippa.
The Three Varieties Of Flip!
When it comes to flipping for profit there are three main types of flip you are going to come across:
The Domain Flip
We have to face it that owning the 'right' domain name is like owning a prime peice of real estate and sold in the right way and in the right place you can make a healthly profit. My personal feeling is that Flippa IS NOT the right place to sell valuable domains, from what I have observed they are not the most sold items on flippa and only very premium domains seem to do well as far as achieving maximum profit.
The Build To Flip
The build to flip is where you build and develop a website with the sole intention of flipping the site for profit, this is often the most profitable option.
The Pre-Built Flip
The pre-built flip is where you decide to sell one of your websites to 'cash in' on it's current value. If you have a website which you have lost interest in but it still earns an income then this is where you can 'cash in' and release the value of the site.
Flipping isn't something a lot of people are interested in doing but you would be surprised how much extra cash you can release from old sites that you no longer have any interest in or just by putting together a new site targeted to sell in the Flippa marketplace.
The Fliptactics Series - Coming Up (I may add in more as we go along):
- Fliptactics - The Concept!
- Fliptactics - The Money Making Opportunity!
- Fliptactics - What's Hot & What's Not! - Most Active
- Fliptactics - What's Hot & What's Not! - Flippa Tags
- Fliptactics - Building A Fliptastic Site!
- Fliptactics - Getting A Head Start With Traffic, Google PR & Links
- Fliptactics - Auction Day - Achieving Maximum Profit!