Heavily discouraged, but not out

18 replies
Hello World. I sit here on this Wednesday morning extremely discouraged. Here's why: My site flipping venture has gone in a downward spiral as of late. I am nowhere near as successful as I was, say, three months ago. My two auctions on Sitepoint aren't doing so well. Here are the links to them, I guess:

Auction 1

Auction 2

Here is the story on those: I first placed the first site up for sale with zero promotion and whatnot but it didn't receive a single bid. So I decided to keep it for a minute and get traffic to it. Did some light promo with it and traffic has shot up. I even lowered the price to the point that if it did sell, I would actually LOSE money on the actual sale (when calculating all the costs) but would gain some money back. The current bid is at $65 but I am not that desperate to let it go for that much.

The second site I also promoted. More than the first site, even. But it's not getting any bids. It won't sell either.

Both sites do have proof of traffic.

Here is the moral of this entire story: Unless you're SuiteJ, TheAtHomeCouple, Desmond, or Kate Anderson, flipping startups on Sitepoint no longer works. It did back then, but it doesn't now.

Now I am stuck with two monkeys on my back that may unfortunately get abandoned. I haven't the slightest clue on what to do with them now. I've talked to my boy Swastik on Skype and he told me that I needed to build a list on the sites. That wasn't my intention nor was I prepared for it. Not to mention it decreased my confidence a bit. That should have been done BEFORE I even started to build the sites. It's too late for that now - they're too much promoted. And even then, I'd still need to outsource the creation of e-courses, which will cost me more money. And now, I'm out of $32 more.

As discouraged as I am, I can't let this failure get me out of the game. I'm here to tell you guys that I'm keeping my head up. This isn't a big deal. I just wanted to vent a bit but being the determined individual I am, I REFUSE TO LOSE. Not only am I going to prove that little teenage chick wrong (you know, the one who told me to go to Publix and ask for a job), but I am going to break the usual life cycle in my family. My family is way too old school as far as life is concerned, but I am way too smart and way too tech savvy to be in a grocery store, a restaurant, a retail store, or otherwise dressed up in some ridiculous uniform working for somebody else.

Here is why I'm sticking with site flipping: It HAS worked for me, and I am certain it will continue to work for me. I just gotta change my game plan, iron out some kinks, get more advice, and take action.

I don't know if you guys know this, but I was a member of Wealthy Affiliate last year. I thought that was my way out. Seven months and $210 later, I left it. IM hasn't made me a single penny and I'm not foolish enough to keep wasting time and money on something that is NOT going to work for me. Listen, if in six months something doesn't work for you, LET IT GO. It's stupid to keep going because in six months you should have learned enough to make it work. Site flipping on the other hand HAS worked (made $1100 total profit with it in three months) and that is the reason why I am going to use it to break the cycle in my family. They don't know my intentions, nor do they deserve to know.

So I will leave you guys with this encouraging post:

Presistance Pays

Biggy Fat will still be flipping sites. But it's back to the drawing board for that. God will show me the way. He WILL make a way, guaranteed. I'm putting it in his hands.
#discouraged #flipping #heavily #site
  • Profile picture of the author Tyrus Antas
    Site flipping worked for you in the short-term, but will it work on the long term? You're not building strong business foundations because you're simply selling what might turn you a profit in the future.

    Affiliate marketing and other types of marketing might take more work in the short term but if you do them well, the payoff over the long term is huge.

    Tyrus
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  • Profile picture of the author Andy Hart
    I know where your coming from, I have been flipping sites in the last 3 months and getting around $350+ per site and each site cost me just $28, so the ROI was fantastic but now.......

    I'm lucky to get even $50 and that's when they even sell, but its not just me, my competition that I have had my eyes on at all times who sell the same type of sites are having the same problems??

    Maybe its the recession, maybe not, who knows??

    Stick with it

    Thanks
    Andy
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    • Profile picture of the author Alan Petersen
      I was looking at site flipping but it does look like it's been flogged to death...for the magazine, no sales/new magazine sytle sites like you're doing (from your links above).

      Same wordpress layout, same niches, etc. Kate has a site flipping course you might want to take a look at that. But even those sites require more work to flip a ClickBank ready site. If I'm going to go through all that work I'll sell the info product myself vs. trying to flip it for $100-300.

      Hang in there and keep on truckin'.
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  • Profile picture of the author Hamida Harland
    I find that the problem with those magazine type sites is that although they look nice, they're not really conducive to making fast sales without alot of traffic.

    I create a really simple wp blog (the simpler looking the better - I hate clutter), submit a few articles to EZA, get a few sales in the first 30 days and flip the site for about $400 in the established section. With about $100+ (which is only about 3 sales) in revenue you'll have people literally fighting over your blogs.

    The last time I sold one like that I got about 30 pms in the first few hours of listing and I got a BIN within 24 hours. I don't do it very often because site flipping isn't long term enough for me, but when I do my sites always sell within 24 hours. And to be honest the amount of work I put in is probably less than it would take to create and promote a magazine theme blog.
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    • Profile picture of the author tzooming
      Agree with Tyrus. Site Flipping is not really a long term business model. I have been investing in the valley and taking companies public- i've never seen a billion dollar site flipping company. Don't give up, just use your current skill sets and extent it to something more value adding and scalability
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  • Profile picture of the author Jdub840
    Couple of days ago some of my friends were discussing about the same thing. It is not for anything long term, which is for sure. Or perhaps the economy is also responsible if we were to blame someone.
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  • Profile picture of the author Kelly Verge
    Biggy,

    Create a Twitter profile for each of the sites and work at building a list of targeted followers. Then offer the profile w/followers along with the site. It's not quite the same as an opt-in list, but if they're targeted the followers will still add value.

    I have a WSO for an automated system to do exactly this, and one of the models I describe is building niche followers to flip sites.

    Just a thought.
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  • Profile picture of the author Sam Rodrigo
    B. F.
    You need to find a sustainable business model. What you are doing is good as ONE component of your overall work. But, I would not count on it exclusively to pay the bills.

    IMHO,
    Sam
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  • Profile picture of the author Droopy Dawg
    Don't feel man... I lost my fulltime job back on Christmas eve... so I deceided to flip some sites to try to make some immediate dough on SP. I had a plan to flip a site a day... 3-day auctions... and would hope to get to the point where an auction would end every day, and I hoped to make money off of them every day.

    Well... after 4 sites in 4 days, and only a few bids on them... I trashed my site-flipping idea.

    The sites that I flipped were:

    Keys To Your Fitness - Your Healthy Fitness Program
    Single Parent Guide

    And a couple more.

    I chalked that up to a bad economy, but it doesn't matter anymore. I've given up on siteflipping.
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  • Profile picture of the author sbucciarel
    Banned
    Biggy - don't believe it for a minute. Site flipping is a sustainable and profitable business model.

    I noticed a slowdown also, which is due to several factors, the first one being something you have no control over ... the economy. I'm still making a good living from site flipping. Affiliate marketing ... I don't bother much with it. I've always been service oriented and prefer to build and sell a good product than to drive people to a bunch of ads.

    Another factor, you do have control over. You notice in Sitepoint that when a new idea or design emerges .... the next 500 auctions look very nearly the same. No thinking outside the box ... just copying what others do ... same themes, same ideas, same niches. Get out of the rut and lead rather than follow.

    The third feedback I have for you, is learn to put those photos in the slideshow without the stretch. If you resize them properly before uploading, all that stretching won't occur. Look at the acne photos ... the faces are grossly distorted. Presentation is everything when there are so many auctions to choose from.

    Now I know as a designer, that it's easy enough to fix the photos after you buy the site, but a lot of people don't realize that or don't know how ...

    The second site, the dating site. Use a background that isn't as bright and dominant and again, fix the photos so that they are the proper aspect ratio.

    Hang in there and make some adjustments ... maybe even go out on a limb and try a different theme and different niche ... lead rather than follow. Getting traffic and making a sale with the site also add value. Try to add some value to the site that make it stand apart from the crowd.
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  • Profile picture of the author TerryTelford
    Hi

    Sounds like you're having one of those down days. I hazard to guess that every single one of this on the forum have felt the same way as you do at some point in our online career. You've got an overall positive attitude though, so keep smiling.

    My suggestion would be if site flipping isn't working for you now, shift gears and work on something else. I suggest before you take another step though, sit down and decide what you want from your business. Scribble down your

    Objectives
    Strategies
    Tactics
    To Do List

    Your objectives are your big picture
    Your strategies answer how you're going to reach your objectives
    Your tactics specify how you're going to reach your strategies
    And your To Do List is what you do each day to reach your tactics

    I wish you much success.

    Enjoy your day!
    Terry
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  • Profile picture of the author Biggy Fat
    Thanks for all the replies, everyone. I'm down but definitely ain't out. I definitely like Suzanne's (sbucciarel) reply as well as the reply from the guy above me. I believe that site flipping IS a great biz model BUT you have to stand out from the competition.

    Here's my thing: I can EASILY get targeted traffic. Even a braindead moron can. It isn't rocket science: Article market, social bookmark, ping, forum post, blog post, write PRs, etc. The problem: Turning it into sales and/or Adsense clicks. It eluded me in my IM days. You basically have to use some hypnotic speech or something. And now with these sites I have to basically do the same thing if I wanna enter the established arena.

    Like I said, no way I'm throwing in the towel. Mama didn't raise no fool nor did she raise no loser.
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    • Profile picture of the author JimmyD
      Hey Biggy
      Here's my 2p worth...
      Change the themes to something plainer. As others have said those mag/news style WOO and revolution themes have been done to death. I look at sitepoint for new sites from time to time and if I click through to one of those themed WP sites I click the back button straight away.
      Give it a go, I'll bet you get more interest.
      Jimmy
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      • Profile picture of the author J smith
        Why not keep the sites? Ok, it wasn't your intention to do so, but still. As I understand most sites on sitepoint would generally sell for something along the lines of 5x monthly income. Since the site is new with little promotion, you could probably cut that time down to 3 months with more pormotional work.

        This would also give you a chance to make some money from IM, and it would actually be a long term business. Flipping sites is nice but it's not a long term solution, there is no residual income or long lasting effects. You make a site, you sell a site, done - nice for some quick cash but not really a business model unless you can outsource everything and still make profit.
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    • Profile picture of the author creative
      Originally Posted by Biggy Fat View Post

      I can EASILY get targeted traffic. Even a braindead moron can.
      If you can get enough targeted traffic you will get some sales. That's for sure.
      Try what Hamida suggests.
      I think nowadays established profitable sites are the way to go in sitepoint, unless (as some other people have said before), you find something different that makes your sites stand out from the rest.
      Maybe try both. Test different systems until you find the one that works for you.
      And yes, building a list is crucial for a long term business.
      Do whatever you want, but DO NOT GIVE UP! YOU'LL MAKE IT!
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      • Profile picture of the author Biggy Fat
        Originally Posted by creative View Post

        If you can get enough targeted traffic you will get some sales. That's for sure.
        Try what Hamida suggests.
        I think nowadays established profitable sites are the way to go in sitepoint, unless (as some other people have said before), you find something different that makes your sites stand out from the rest.
        Maybe try both. Test different systems until you find the one that works for you.
        And yes, building a list is crucial for a long term business.
        Do whatever you want, but DO NOT GIVE UP! YOU'LL MAKE IT!
        Yeah, maybe I should've explained the list building a bit better. Of course I'm building a list, but that was for any site investors and not building a list for the actual websites.

        Of course I'm not giving up. That's the easiest thing to do and the coward's way out.
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  • Profile picture of the author Biggy Fat
    Just to prove my traffic theory correct - I'm #6 on Google with one of my keywords out of 2,500,000 results WITHOUT quotes. Goes to show the power of Wordpress and traffic generation.
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  • Biggy,

    If YOU don't want the sites, why would anyone else want to buy them?

    Here's my point: people buy sites because they want to make money online, not as collectors items. The people buying them either don't have the time or expertise to do it themselves.

    When considering buying a site, they are looking at how well they might do with it. Sites with some history of traffic and sales show that the site can make money.

    A brand new site with essentially no traffic and little or no revenue means the buyer not only has to "do the work", but has nothing to base the liklihood of success on. It is a complete gamble.

    Site flipping is a phenomenal business - just not the "build a good-looking but unproven site and sell it 3 weeks later" model.

    If you're building sites that are truly worthwhile, they will "work" as a business - meaning they can generate revenue if they get traffic.

    So, generate some traffic ("I can EASILY get targeted traffic. Even a braindead moron can."), allow 60-90 days for revenue to build, THEN flip.

    If the sites don't generate revenue, they were a bad bet and people were right not to buy them.

    If they do generate revenue, you'll get FAR more than you're getting now.

    Mark
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