Real Knowledge, for real profit.
Make 4 Times Your Costs!
Posted 04-21-2009 at 06:32 AM by LMC
I just was sitting at a Starbucks, setting up a new flip, and wanted to say something really quick. A lot of the times, site flippers forget that we are seeking a large capital gain, about 4-6 times our monthly revenue. You can be really profitable with Site Flipping if you budget oyur advertising dollars really well.
For example, let’s say you setup a membership site, in a certain niche. What I usually do, is exploit the use of Pay per Click advertising on each one of my flips. Searching coupons, you usually can find a $25-$50 Google Adword promotion, and now add your own $100 to that. With $150, at approximately $.50 per click, you can receive 300 unique visitors to your website.
With 300 unique visitors, at a low conversion of 1 percent, you will probabl have three signups to your membership site, producing recurring income now. These numbers are just assumptions, but at $29.95/M, your site is making $90 per month now.
This website will now sell for up to $350, comparitive to the $150 it was probably going to sell for before.
Take this idea above and flourish on it, meaning, think about how you can utilize paid resources to produce a lot of income and traffic to sell a site for a high capital.
For example, let’s say you setup a membership site, in a certain niche. What I usually do, is exploit the use of Pay per Click advertising on each one of my flips. Searching coupons, you usually can find a $25-$50 Google Adword promotion, and now add your own $100 to that. With $150, at approximately $.50 per click, you can receive 300 unique visitors to your website.
With 300 unique visitors, at a low conversion of 1 percent, you will probabl have three signups to your membership site, producing recurring income now. These numbers are just assumptions, but at $29.95/M, your site is making $90 per month now.
This website will now sell for up to $350, comparitive to the $150 it was probably going to sell for before.
Take this idea above and flourish on it, meaning, think about how you can utilize paid resources to produce a lot of income and traffic to sell a site for a high capital.
Total Comments 0
