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#51 | |
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Active Warrior
Join Date: Jan 2009
Posts: 32
Thanks: 1
Thanked 1 Time in 1 Post
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Quote:
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#52 |
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formerly "linm"
War Room Member
Join Date: Aug 2008
Location: West Palm Beach, FL
Posts: 434
Thanks: 30
Thanked 50 Times in 42 Posts
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People sell sites that are already making money because they can get a whole lot of money at once and invest that money back into more sites if necessary. Also there is no way to tell how long your site will be bringing in those consistent sales. Some niches and sites may not be great sellers in the long run.
If you could build up just one site and bring in a few thousand a month then selling it could bring you in something like 35-50K. You could then purchase or start several sites and keep making larger and larger flips. I can see the advantages to holding onto sites too though - everyone likes to be getting a consistent income. |
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#53 | |
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Senior Warrior Member
War Room Member
Join Date: Feb 2007
Location: UK
Posts: 1,394
Thanks: 215
Thanked 111 Times in 80 Posts
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Quote:
). I wouldn't sell a site right now for any less than I did last year or the year before.
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#54 |
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The Online Edge
Join Date: Mar 2009
Location: Somewhere on Planet Earth
Posts: 16
Thanks: 0
Thanked 1 Time in 1 Post
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Martin, Hamida ( and everyone else ). Please bear with me and hear me out. I will try to keep this short as possible.
Over the past 2 years I have acquired the basic skills that Martin speaks of in his steps. I also follow basically the same procedure. I do research on relative high traffic with low competition keywords before building a site. I promote with articles etc etc. I have started recently to build high PR dofollow backlinks. You will see in my membership site in my signature that I teach the aforegoing principles to newcomers to the internet. Yet I fail to rank on first page of Google ( where Martin gets 90% success ), but more importantly, I have failed to make more than one sale with with a site. Bottom line - my sites are not making money. I am unsure if posting a domain link here as an example of my site is against the rules, so please PM me or something if you want to look at what I am doing wrong. I know mentorship does not come cheap, and I am very strapped for cash right now, but I am past the point of desperation. I can offer services or potential profits in lieu of help. I have no words to express what I would give in this world for someone to take me by the hand through this process with a site or two so that I can just see where I am going wrong. There are so many success stories out there, I simply cannot believe or accept that I cannot overcome this last hurdle. Anyone ? |
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The Online Edge
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#55 |
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The Online Edge
Join Date: Mar 2009
Location: Somewhere on Planet Earth
Posts: 16
Thanks: 0
Thanked 1 Time in 1 Post
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The kind person who PM'd me. I am unable to PM you back since I have to make 15 posts first.
Please bear with me while I try to get my post count up ..... |
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The Online Edge
Complete solutions to Hosting, Online Business Mentorship and Workshops. "We get your Business online" Startup hosting for $1 |
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#56 |
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Active Warrior
Join Date: Mar 2008
Location: , , Australia.
Posts: 74
Thanks: 0
Thanked 4 Times in 4 Posts
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nice post, I was looking at site flipping myself, just need to put a bit of work into it but you have set out some good guidelines.
i know someone who makes a good income from domaining and has sold just domains for 3000+. thanks |
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#57 |
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formerly "linm"
War Room Member
Join Date: Aug 2008
Location: West Palm Beach, FL
Posts: 434
Thanks: 30
Thanked 50 Times in 42 Posts
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I agree that I haven't seen the sales of established sites affected all that much. I mean if they have a proven income and it is still there it is likely to continue. I could see how start ups and sites that are less established would have some trouble. I think they are still selling though.
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#58 |
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Banned
Join Date: Jan 2009
Location: Oregon
Posts: 929
Thanks: 0
Thanked 44 Times in 39 Posts
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Very informative original post and thanks much for sharing the valuable money related info! nowadays site flipping has gone much cheap - I put some domains for sale on sedo - they are very new and have no traffic or mini sites on them and haevnt gotten one offer so far!
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#59 |
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Stephanie Varney
War Room Member
Join Date: Sep 2008
Location: Florida
Posts: 144
Thanks: 7
Thanked 13 Times in 11 Posts
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I just tried site flipping last week for the first time, and was impressed with the results. So far, it seems to be as good as everyone says it is.
I've been building custom sites for customers for a while, but had never tried to flip any of my own. So, I took 4 niche sites I already owned, each between 2 and 3 months old, and put them up for sale on SitePoint with $10 minimum starting bids, $50 reserves, and $100 BINs. One of the sites had generated two affiliate sales, one had generated one affiliate sale, and all 4 of the sites had at least a few dollars in Adsense income (though the most any one site had was $10 in Adsense). Every single one of those 4 sites sold for the $100 BIN price within just a couple of days or less! So, I made $400 in less than a week on site flipping on my first try. Needless to say, I'm pleased, and will be doing some more site flipping very soon! |
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#60 |
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Johnny A
War Room Member
Join Date: Mar 2009
Location: Europe
Posts: 476
Blog Entries: 1
Thanks: 117
Thanked 55 Times in 26 Posts
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Very good & informative post. (Bookmarked this page) I will try website flipping some time.
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#61 |
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Not Banned
War Room Member
Join Date: Apr 2007
Posts: 105
Thanks: 12
Thanked 7 Times in 6 Posts
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Wow, thank you so much for the information, it's inspirational once you see how easy it actually is.
One question -- are the 10 articles you submit to Ezinearticles different than the 10-15 hosted on the site? Thanks, Jake |
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#62 |
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The Online Edge
Join Date: Mar 2009
Location: Somewhere on Planet Earth
Posts: 16
Thanks: 0
Thanked 1 Time in 1 Post
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LadyJane, I find your post very encouraging !
I have a niche site of a few months old which has made one affiliate sale, and a bit in adsense. I was wondering if it is worth the $10 to advertise it in Sitepoint, but I think your post has pushed me in the right direction ! |
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#63 |
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Warrior Member
Join Date: Mar 2009
Posts: 13
Thanks: 0
Thanked 1 Time in 1 Post
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Rather than getting 5-10x monthly income at once, why don't you keep the sites and build up a huge stream of monthly income for yourself?
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#64 | |
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Stephanie Varney
War Room Member
Join Date: Sep 2008
Location: Florida
Posts: 144
Thanks: 7
Thanked 13 Times in 11 Posts
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Quote:
Glad to be of service! I was pleasantly surprised at how easy it was. I offered to install the websites for my buyers for free. Two took me up on it, while the other two preferred to do it themselves. In addition, I offered to send a free email with traffic generation tips to each buyer. That was about half a page of 6 tips I personally use for getting traffic. That was it in terms of bonuses I offered. The main attraction in each auction was the website itself....and all 4 websites I sold were WordPress sites. Oh, and Jake--I've sent you a PM to answer your question. | |
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#65 |
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HyperActive Warrior
War Room Member
Join Date: Nov 2004
Location: Atlanta, Georgia, USA.
Posts: 445
Thanks: 15
Thanked 60 Times in 43 Posts
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Martin,
Thank you for the excellent step-by-step. Are you still actively flipping sites; if so, how are you doing? I will be flipping a couple of sites within the next week or so and interested in how the market fares. Kind regards, Calvin |
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#66 | |
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HyperActive Warrior
Join Date: Jan 2005
Location: London U.K.
Posts: 356
Thanks: 3
Thanked 11 Times in 9 Posts
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Hi Martin,
Great post - you've shared some excellent information here. Quote:
Personally, I'd rather have several months worth of future earnings right now in one lump sum. As they say a bird in the hand is worth two in the bush. Heck, I've sold sites for 37 times monthly earnings in the past. Now that was a nice pay day but it shows just how much money you can make flipping websites. Besides, you then have an opportunity to take that money and re-invest it into your online business, or buy another under-valued site for improving and flipping. Why wait several months to make that kind of money when you can get paid today! Yes, you could keep the sites and settle for the monthly income, but even then, there are no guarantees when it comes to future earnings. Take search engine rankings for example - sites on page one of Google are are chopping and changing all the time. If you want to maintain your SERPs you'll need to constantly keep working on the site. Don't assume that a site generates $100 today will make you the same amount of money without any work. All the best, Tony | |
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#67 |
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HyperActive Warrior
Join Date: Jan 2009
Location: Ottawa, Canada
Posts: 288
Thanks: 64
Thanked 6 Times in 6 Posts
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A nice post Martin! I've just started to investigate the site flipping process, and appreciate the step by step guide, this will help tremendously! Thank you!
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#68 |
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Warrior Member
Join Date: Aug 2007
Location: , , .
Posts: 20
Thanks: 0
Thanked 0 Times in 0 Posts
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Great information. About how much will your site make prior to selling it?
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#69 |
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HyperActive Warrior
War Room Member
Join Date: Jun 2008
Location: Melbourne, Australia.
Posts: 248
Thanks: 14
Thanked 14 Times in 14 Posts
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This is a great post with a lot of great tips for many contributors. Thanks to you all. I'll be using this as motivation to continue my flipping.
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#70 |
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DN Whale Hunter
War Room Member
Join Date: Nov 2003
Location: Puget Sound, WA
Posts: 289
Thanks: 0
Thanked 11 Times in 10 Posts
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I've been tempted to try site flipping, but never been able to delegate the work. Even at the above numbers, it's simply too much work. There are less labor-intensive models to follow (oh, and they are lots of fun as well!)
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#71 |
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Active Warrior
War Room Member
Join Date: Oct 2006
Location: Missouri
Posts: 32
Thanks: 4
Thanked 0 Times in 0 Posts
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Martin,
Thanks so much for the great post. It really does help a newbie like me when someone takes the time and effort to post information like this. |
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#72 |
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Active Warrior
Join Date: Apr 2005
Location: Denmark.
Posts: 35
Thanks: 2
Thanked 0 Times in 0 Posts
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This info and comments are very helpful to me , my next product is to sell sites with a product to sell including articles etc.
Thank you very much. |
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#73 |
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Warrior Member
Join Date: Jul 2007
Location: , , .
Posts: 13
Thanks: 1
Thanked 0 Times in 0 Posts
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Thanks for the great post. I checked ebay marketplace for the website on sale, and most of them are garbage sites for $0.99!! Is the sitepoint the only place to flip for good and steady profit?
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#74 |
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Ben Waller
War Room Member
Join Date: Jun 2008
Location: Florida, USA.
Posts: 126
Thanks: 14
Thanked 7 Times in 6 Posts
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Thanks for the helpful info.
I am interested in getting into website flipping and I appreciate tips and information on the subject. Ben |
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