Help me with the basics of site flipping (a couple questions)

[blur]

I want to try my luck at site flipping.

I have no issues with building a site, on-page SEO, and hosting. I can usually bild the basic HTML and CSS faster than it takes for a new domain name to propagate.

So technically I'm ok.

I read in the War Room about a technique that uses straight html/css with some articles.

Are the sites being flipped out 'there' straight HTML? I'm talking about the ones that poeple would use to help promote their affiliate products/adsense. Or are these sites using wordpress?

Niches...I wish I could figure this out better. How in the world do I figure out what niches are the 'best' to jump into? Do I look at what's selling from clickbank and go from there?

I'm not looking to be perfect or make a ton of cash from the start.

Is there a tool out there that can tell me what affiliate products are selling and which ones aren't?

Thanks
Kevin

[sbucciarel]

Most of the sites being sold are minisites and Wordpress blogs. You'd do better to go to Flippa and see what's actually selling than what's selling on Clickbank. Also take a look at the features and quality of the sites that end in a sale. That'll tell you a lot about what is in demand.

[blur]

Thank you.

Besides Flippa - what other sites offer marketplaces to sell these sites?

[sbucciarel]

The WF has listings for Sites for Sale. You can list on namepros.com, but I wouldn't expect to get best dollar for it. DP is a waste and you won't get much there. Sitedeal.org is a relatively new place to list.

[blur]

Thank you for your help, I do appreciate it!

[trytolearnmore]

It is basically easy.

Install a wordpress blog => go to Amazon, find a product that is a bestseller and has a huge variety => set it on Amazon autoposter => Get traffic (Onlywire plugin) and pinging (pingler.com) = > After a week sell this blog for 50 bucks (the blog costs 10 $... 20$ if you buy a hosting, but then it will be 10). => go to Flippa.com or Ebay.com => Sell it

[paulie888]

tryto learnmore,

I think you need to strive for better than that. Since the blog costs you at least $10 and you have to pay the site listing fees on flippa, you're left with less than $20 profit. Now just imagine how much you could lose especially if some of your sites don't sell, the less than $20 profit only comes in an ideal scenario where you sell every single blog that you list and do not lose out on listing fees.

[trytolearnmore]

paulie888

Well, the listing fees will be not so great... But, yeah, maybe you are right. I've been told by Stephen Pierce that you should sale your site using this formula:

your income * 5 (or 10)

[Kezz]

You can go with either WP or html, but it depends on what kind of site you are selling. WP has the advantage that buyers can update the site themselves, but HTML has the advantage that you can just send the files to the buyer rather than having to transfer the WP installation.

The best advice I could give you for site flipping is not to sell the sites you build straight away. Hold onto them for at least a few days and prove that they can make money.

If you can get even a couple of dollars in that time, you will be able to sell your site for a whole lot more. Startup sites alone sell for around $50 - $200 (unless they have an original product included like an ebook). But, if you have some revenue, then you can add multiples of your monthly revenue.

For example, get your site to make just one dollar a day, so $7 in a week, and that site then earns an average of $30 per month. You can then add $150 to $300 more value to your site, ie. 5 - 10 times monthly revenue.

You also have a much better chance of actually selling. For a buyer, a startup site is a gamble as they can't be certain it will actually make money. By proving to them that it can and does make money, you dramatically lower the risk for the buyer, and your site will be a much more appealing investment.

If you think you can't get a site earning a few dollars, then you are probably better off offering a site building service here at the Warriors for Hire section. You are then not required to generate revenue from the sites you build, as they will be to specification, and you know you will get paid for your time. This is less risky for you, and a good way to hone your skills so you really can flip revenue generating sites.

Another tip is I also usually include some kind of bonus for anyone that buys at my asking price (BIN). This can help to reinforce to the person that they really will get a lot of value by paying the asking price, and can help them come to a decision.

Good luck!