Site Flipping Tips: $3000 - $6000 For Every Site I Flip - Here's How

[damenchoy]

Originally Posted by Hamida Harland

The post was made back in September of last year so obviously the sites were sold before the economic crisis. I've sold sites using this exact method for similar prices - it doesn't matter if a site is simple if it's making alot of money. Last summer I sold a site for $7000 with less than 10 posts (it was making over $1000 a month).

That is a very good record. So do you mean now the price for a similar site drops a lot because of economic crisis? If you have a site making over $1000 per month, at what price do you think you can sell it now?

[Lindsay Brynn]

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.

[Hamida Harland]

Originally Posted by damenchoy

That is a very good record. So do you mean now the price for a similar site drops a lot because of economic crisis? If you have a site making over $1000 per month, at what price do you think you can sell it now?

I don't think the economic crisis affects sales of established sites at all. Chances are that those who could afford a site in the high four to five figure range last year probably still can. Newbies generally buy start up sites, whereas I've found my established sites have always been bought by fairly experienced marketers who are already making money (but want to make more ). I wouldn't sell a site right now for any less than I did last year or the year before.

[ConnieMuller]

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 ?

[ConnieMuller]

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 .....

[misterlmno]

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

[Lindsay Brynn]

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.

[Traffic-Bug]

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!

[ladyjane]

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!

[IM Headlines]

Very good & informative post. (Bookmarked this page) I will try website flipping some time.

[JakeDaly]

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

[ConnieMuller]

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 !

[AlanS2323]

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?

[ladyjane]

Originally Posted by ConnieMuller

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 !

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.

[hotlinkz]

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

[tonybhachu]

Hi Martin,
Great post - you've shared some excellent information here.

Originally Posted by AlanS2323

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?

Good question ...

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

[Samuel Lee]

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!

[msalada]

Great information. About how much will your site make prior to selling it?

[Nathan Denton]

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.

[Steven W Johnson]

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!)

[bthurman]

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.

[viking]

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.

[lovegen]

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?

[bwall]

Thanks for the helpful info.
I am interested in getting into website flipping and I appreciate tips and information on the subject.

Ben