Getting started flipping websites?

4 replies
Hi, I am looking to try and make money flipping and monetizing websites. I am still reading up on the subjects, and its sort of confusing to take in all at once. Unfortunately I only have about $15 dollars in a checking account and $6 in a paypal account. I don't want to make a website from scratch because my grasp of SEO is shaky at best, I have yet to read up on backlinks, and I don't have a product to sell.
I tried looking at sites that were cheap, but they all had crappy content and the neighborhood cat could write a better website while on catnip. So I was hoping for some tips and pointers.
Should I save up? what is a decent amount I need to buy a website that could start to generate some income?
I am hoping to get a website that generates enough to pay for itself and give me a bit extra so I can purchase other websites and flip them, or at least have enough money to experiment with building my own sites.
#flipping #started #websites
  • Profile picture of the author OMI
    Well, you'll have to spend a little money on a domain name and hosting if you want to flip the website. But, you can build the website on the Wordpress platform which is free and there are plenty of free themes for it. Then, start blogging. You can review things, predict things, copy things that are funny (videos) or start something new (look how popular peopleofwalmart.com became) that would provide some interest. It won't be a huge success overnight but it's a start. Something unique (niche) will sell better.

    Good luck!
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  • Profile picture of the author Theory5
    Thanks, but I was hoping to get started by buying a website at first, with little income and making it generate more, as a jumping off point. I tried to make money with articles but after 4 articles which I posted on Triond, Associated content, and I made a page on squidoo, but then I ran out of idea's. I do not think I could get a website up and running and generating views my first time around.
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    • Profile picture of the author LovelyCornSyrup
      Originally Posted by Theory5 View Post

      Thanks, but I was hoping to get started by buying a website at first, with little income and making it generate more, as a jumping off point. I tried to make money with articles but after 4 articles which I posted on Triond, Associated content, and I made a page on squidoo, but then I ran out of idea's. I do not think I could get a website up and running and generating views my first time around.
      Sorry to be the bearer of bad news, but quick cash is a total fallacy. Let's get all mathy up in here. Suppose you buy a website for $20, pay $8/mo for hosting, and after just two weeks and fifty-dollars later you're making a buck a day. Well, let's be honest, you're not actually making any money. You're just climbing out of a seventy-eight dollar hole a dollar at a time. However, that seventy-eight dollars isn't a static number; it grows by eight-dollars every single month. Your hosting effectively become a 26% tax on your monthly earnings, so that dollar a day is suddenly just a seventy-three cents. In other words, rather than it taking you seventy-eight days to break even it now takes 108 days or over three and a half months.

      You're interested in flipping, right? Websites sell for four to six months PROFIT, so that's $22/mo. after you factor out the hosting fee. If we take the mean you're looking at a $110 sale price. Which is $32 in your pocket assuming you put a $0/hr value on your time, and you can find a buyer.

      That's probably not the answer you were fishing for, but that's pretty much how low-cost investments go. You make money by spending money. Not by ratcheting up risk by doing everything yourself. You've got to have a balance between outsourcing and DIY, period.
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  • Profile picture of the author Theory5
    Quick cash? I never said quick cash. If I could make quick cash in a few weeks then everybody would be doing it. What i am trying to do now is build up a base. Something to get me started, a website that I can keep running which allows me to learn the ropes. I don't want to flip just yet.
    I do have a question with your scenario, where does that $50 go? What would I need to buy with $50 dollars if I already bought the site and paid the hosting fee for the month? I am a DIY guy, and I am not planning on outsourcing anytime soon, unless there is something that I can't do.
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