Fliptactics – Job Opportunities For ‘Flipping’ Scammers! Part 2
People Wanted For Top Money Making Scam ... cough ... Opportunity!
Flippa.com is a complete and total waste of time, it's a dumping ground full of poorly made affiliate websites with no content, no SEO, no traffic and no 'real' value whatsoever. If you don't know how to build, promote or monetize an affiliate website BUT you are a great graphics designer then Flippa needs you! Sell your sites for more than they are worth and take advantage of innocent buyers where possible!...
Okay okay, you've got me, so it's not a 'real' job opportunity but it's the type of HYPED UP CRAP that certain people will have you think if you believe everything you read on the internet. It's usually the kind of thing you will hear from people who have never used Flippa or don't know how to take advantage of the opportunities Flippa.com provides. You only have to take a quick look over Flippa to find some seriously good websites and businesses which are making a pretty penny every single month. Now surely these websites MUST have more to them than just good graphics, right?
Why Would You Sell - Think Of Flippa As The Estate Agent!
The fact is there is A LOT of money to be made on Flippa, not by scamming or taking advantage of people by selling poorly built affiliate sites but by meeting the demands of the marketplace with quality online resources. Meeting market demands in business is the NUMBER 1 KEY ASPECT in any part of making money online and using the market demands to your advantage to increase your profits and grow your business is good business sense and nothing more. I mean, it's not rocket science, meeting market demands is something we all do on a daily basis with affiliate marketing.
Think of it this way, if you have a small portfolio of 10 websites which earn you around $100 a month per website then, depending on the factors we are going to look into in more detail later on, you could potentially sell each website for 8-24 times the monthly income. Lets underestimate the potential and say each sells for 6x the monthly income:
Fictional Example:
100 x 6 x 10 = $6000 potential income from the sale of those 10 sites which you could then use part of to build a portfolio of 20 websites.
Real Life Example:
I built a website for just $15 and spent around an hour each week on it for a period of about 3 months and sold the website for close to $1000. That's almost pure profit, minus my time of course. Did I scam the buyer to achieve this value? Nope, the buyer was fully informed about EVERY SINGLE ASPECT of the website BEFORE they committed to purchase; furthermore they were extremely happy with their purchase.
I then used that $1000 to re-invest to into building 4 quality built websites with full unique content which I will promote and build to a point where they become 'Flippable'. At which point they may sell for around $2000 each depending on their monthly income.
For me holding onto a website forever would be like living in the same house
forever, you just wouldn't do it. You move when the market is good and your house has a good amount of equity in.
Why would you buy - Think Of Flippa As The Investment Opportunity
Whilst this series is primarily about flipping websites, there are many GREAT
websites and online businesses for sale out there. But why would you buy one? There are several reasons I can think of:
The website is making good money already
It's a complete myth that ALL websites sold which are making money are being sold for some underhanded reason. I know of many people who have sold very high earning websites on Flippa because they don't have any interest in running the site any more and/or want to unlock the profit potential to re-invest in other opportunities.
You can add VALUE to a website
You may see a website for sale on Flippa which is based in around a niche which you know well and you are sure you can 'add value' to the site and improve its income.
Of course, like anything else, you have to be careful when you are buying a website on Flippa, just as you’re careful when you purchase anything on the internet. You have to make sure that you ALWAYS make a fully informed decision when you are parting with your hard earned cash.
In the next post I will be looking at how to find out "What's Hot And What's Not" before Flipping a website.
If you have had any experience of selling or buying on Flippa then comment below.
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!
Similar Posts Which May Be Of Interest:
- Fliptactics – The Concept Of Flipping! Part 1
- Fliptactics – What’s Hot & What’s Not – Flippa Tags!
- Fliptactics – What’s Hot & What’s Not – Part 3
- Fliptactics – Building A Fliptastic Site
- Fliptactics – Auction Day – Achieving Maximum Profit!
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Gotta Say – I read a post recently where the guy is trying to scare users AWAY from Flippa – and says that site sellers are nothing but scam artists. It couldn’t be further from the truth!
I have bought AND sold several sites on Flippa and its a GREAT resource for both!
Due diligence is needed on the buying side – and great stats on the selling side, but you can do very well building a site, earning income and selling it when its a HOT PROPERTY!
It’s shocking really, Flippa.com is such a lucrative place to make money from your portfolio AND buy some fantastic sites which can equally make some great money.
I agree entirely that you have to be careful with what you buy just like anything but as long as you do your home work then you should be just fine. IMHO anyone not taking advantage of Flippa if they have the time is really missing out.
Hey Ben, you’ve sparked an interest in me now for flipping. I do tend to “live in the same house,” usually because it’s comfortable and providing security every week for me but I have a few domains parked that I may be able to build and flip. Do you have a preferred method of monitising the sites you build for flipping? Or is it horses for courses (and absolutely no epn!)
Kev´s last undefined ..If you register your site for free at
Hey Kev,
I know what you mean, it can be easy to get ‘comfortable’ with some of your sites and never want to get rid of them, I’ve got some old ones I just don’t want to drop.
I’ll be talking about this in greater detail in the next couple of posts but essentially we have found (from sites sold through our joint account) that the sites which do better:
1) Have Google PR 2 or above
2) Are getting reasonable traffic
3) Are monetised through Adsense or Clickbank revenue
4) Have a domain age of a couple of years or older
I have never sold an ePN site on Flippa. I have never been sure what the reaction would be :) and I wasn’t sure I wanted the hassle of ePN then coming back to me in the future if there were any issues with the site. Maybe just me being paranoyed.
Ben
I’ve been interested in flipping for a while now but the thing that’s stopped me is that I have no idea what’s involved technically – how to transfer the domain, database (all my sites are wordpress blogs) and all the other technical stuff.
Is there any source that would have this info? I’ve looked on flippa.com but didn’t find anything there either.
Greg´s last blog ..Amazon Adds New Languages To The Kindle’s Digital Text Platform
If you have VPS or Reseller hosting then every time you develop a site, make sure it’s on its own account. That way you can upsell the hosting if the buyer doesn’t have any or provide account login details to the buyer and give them a month to transfer the site themselves, if they don’t want the hosting. Then you just need to set the domain name transfer in progress with your registrar. Godaddy to Godaddy transfers are pretty simple and require little input.
Kev´s last undefined ..Response cached until Wed 24 @ 16:40 GMT (Refreshes in 23.99 Hours)
Thanks for that Kev.
Greg, Kev is absolutely correct, it doesn’t have to be as difficult as you think. In listing I will usually state in my auction that I won’t complete the transfer myself but I will give them a database dump and Cpanel access. Most of my sites are on a reseller account anyway so it’s easy to give them the account details without any problems. Like Kev said you can then up sell your hosting.
Again, transferring the name is usually straightforward, just a case of unlocking it, and the buyer then requesting the transfer and you accepting it. It gets a little more complex when transferring between different registrars but you tend to find most people will keep it with the registrar it’s currently at for ease of transfer.
Hope that helps.
Ben
Thanks for the info Kev and Ben. This does help. So, I guess the main thing is have the domain on it’s own hosting plan to make things easier.
I’m assuming that if I have a domain on a server with other sites I could move it to it’s own hosting plan before selling it.
Greg´s last blog ..Amazon Adds New Languages To The Kindle’s Digital Text Platform
That’s it Greg. Doing it that way makes life alot easier. If you have it hosted with other sites then moving it to it’s own hosting is the best thing to do IMO.
Ben´s last blog ..Fliptactics – What’s Hot & What’s Not – Part 3
We use HostGator for all of our sites – and find that its “Easiest” to use the reseller plan ($24/mo) and set sites onto what is the equivalent of their own Baby-croc plans.
That said – We I have also sold sites on a shared babycroc (Add-on domains) and simply set a unique ftp login and password for that site.
In all cases of site sales, I have given the buyer at least 30 days to move the site. This gives everyone time to get get everything done at their own pace.
Mark´s last blog ..Do You Promote Amazon? If So, Clearly Tell Your Visitors!
Slightly off topic Mark, how are you finding loading times on your sites hosted with Hostgator, I’ve got a reseller account and a few baby accounts with them and the load time is crap. Have you noticed any difference?
Over the past week or so I noticed a signifigant slow down Ben – but they updated all cPanels for reseller accounts, so it may be what it was. Seems to have cleared up now.
I HAVE though noticed it running slow at times in the past… and a quick email to support@ usually gets the offending site boxed off the server in just a few minutes! :-)
Mark´s last blog ..Do You Promote Amazon? If So, Clearly Tell Your Visitors!
Yes I saw the update but mine seems to be running slowly even after the update, I’ll have to shoot em an email.
Thanks Mark.
Ben
Support is usually VERY quick to give you more resources if you complain about it being slow.
:-)
Mark´s last blog ..Do You Promote Amazon? If So, Clearly Tell Your Visitors!
Since they’ve done their cPanel upgrade a couple weeks ago, my Awstats data is on the fritz. For the first time since I’ve had HG I’m getting the run-around and being passed to one admin after another. I’ve had to request a manager get involved to get it straightened out.
My load times have all reduced lately.
Jeff
I’m glad I’m not the only one finding this as well, Jeff. I have found their quality of customer support becoming less and less…well…supportive. It’s nice to have the 24 hour live support but I feel that HG are outgrowing themselves.
I can certainly see me moving all of my remaining HG hosting soon I think.
Ben
I’m thinking of the same move myself.
BTW, Josh, a CS Manager did call and leave me a voicemail update on their progress.
It’s the first time I’ve heard any of their admins even hint that they had a problem with cPanel in over 2 weeks of getting every admin in the office.
Too bad because at one point they were at the top of their game for customer service. All I ever had to do was use the online chat and my issue would be resolved before we were done.
I’m thinking BlueHost is looking better and better.
Jeff
I wanted to follow up and let everyone know that Josh, a CS Manager called me at home yesterday to apologize for the problem and, after listening to my wrath(not really), he let me know that they were not only working on the problem but that my complaint about the CS email routing would be looked into as well so that any issue which generates more than, say, 3 replies automatically gets referred to ONE and ONLY ONE Admin. I had dealt with no less than 8 different admins, none of which read the ticket history and only responded to the latest email. AAARGHHH did that piss me off!
OK, I’m better now.
I can say that my buddy uses hostgator and he said that their load times are very good.
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Ben – I hate the captcha thing on your blog! LOL Its hard to read and ALWAYS takes me 2-3 tries to get it right! (Or I just need glasses)
All –
Anyhow – I have several boxes through Hostgator…
- 2 separate dedicated servers for clients of mine with busy ecommerce sites.
- 1 VPS plan
- 2 Unlimited Business Plans (video hosting on the cheap)
- 2 Baby-croc plans
- 1 Reseller plan.
I just want to say that compared to ANY other host I have used in the past, they are TOP shelf, and I have used many over the past 15+ years.
My suggestion to anyone who is experiencing speed or any other issues is to step up from the shared hosting platform, to a more professional flavor, its a HUGE difference!
You can get a VPS plan with 2 ip’s and full root access to do what you wish (Yet still highly managed) for only $39/month.
I’m just saying… even though HG is still VERY good at shared hosting, if you get out of the shared plans and step into a suite, you will be in a whole new world! :-)
Mark
Mark´s last blog ..4 Things You Should Do on The First Day of the Month
Mark,
Captchas were never meant to be easy to read, it must be your age :D… just kidding, your not the first to say it so it’s now gone, didn’t stop that much spam anyway :).
I know exactly what you are saying, I’m in the process of moving to VPS in any case since I’m going to need the space and the bandwidth for a couple of future projects but I’m not sure I’ll be doing that with HG, we’ll see.