Website Flipping - Is it scaleable to make six figure a year?

Yes, it is.

Hire a website designer and a content writer. Then you'll have a fresh website ready to sell, but you'll get less $$$ for it. You can get someone to do SEO & marketing for it so it can start earning money/getting ranked. But why would you want to turn around and sell it at this point instead of using it for residual income?

Say you hired all 3 guys to do the work then sold the site for $400. Profit of $250. But if your website & SEO/marketing guy is any good, you should be able to recoup your investment in just a few months then still have the site for its residual income.

I am currently focusing on niche content site but I am not sure if they can command higher price for it...

I understand service site can command alot more...

Yes, it is highly a scalable business.

Focus on having a mailing list on your
site flip business. Anytime you want to sell
a site, offer it to your list members first.

It works. You may never pay listing fees,
success fees, et al

I believe it can be scaled up to six figures by selling more quality sites.

I think it's pretty hard to do 6 figures on your own, especially if you're selling new websites when you need high volume. To achieve 6 figures/year you need around $275 profit per day which means probably 2 new websites because they have lower prices. However this could be done by outsourcing major part of it and increasing the volume.

The alternative would be to create websites and get them to earn some money and sell them for 10x that.

The advice with building a list is also good. I received many after-sale orders from customers who bought from me, and also sold some by sending an email before listing it on Flippa.

Thanks guys....Yes, to do 6 figure alone would be difficult....I don't expect to sell new sites but I plan to sell money making sites as they can fletch higher margin....the only thing now is to build a team of ppl to mass produce these sites.

I have heard about a lot of people that have scaled up and made six figures, but i don't have any website flipping experience myself but i know it should be possible.

Just wonder how long it take for one to be successful in flippa and making good money?

Care to share some of your experience?

It is very scalable and something I thought about doing myself!

With just some simple math and internet marketing knowledge, you can see how much you can expect to make. Let's take a look:

Let's say you create 1 new website every day.

After 1 month, you will have 30 websites. Let's say they are adsense sites.

Out of those 30 websites, some will make pennies a day, while others could make $30 a day. That is why it is best to build these type of sites in bulk. Don't put all of your eggs in one site.. spending money and time getting it ranked, to only find out it makes $1 a day.

Let's say out of those 30 sites you average $5 a day from each site.

30 sites X $5/day = $150 per day.

$150 per day = $4,500 per month.

It is usually best to flip websites that have been earning for 3 months, but you could still have success flipping sites after only 1 month of earning. (But just keep building a site every day for 3 months and then after 3 months every month you will have 30 sites that have been earning for 3 months.)

Most people expect to get 10 to 12 months earnings for their website. But!!! If you know what you are doing, you can get 15 to 20 months earnings for your website.. even if its an ugly one page adsense site.

So let's say you flip all 30 sites with a monthly earning of $4,500 and you were able to get 17 months earnings.

$4,500 X 17 = $76,500.

Do this every single month and for the year you will make:

$76,500 X 12 months = $918,000 a year.

Now let's say you didn't do that good. Could you still make some nice money?

What if your sites only average $1 per day and you only get 10 months earnings when you flip them?

30 sites earning $1 per day = $30/day.

$30/day = $900 each month

$900 X 10 months earnings = $9000 each month

Which comes out to $108,000 a year. Def not a salary to sneeze at.

Thanks Brent, that is very interesting. I assume you would only look at .com .net and .org sites in this scenario and not touch .info.

Brent hit the nail right on the head. The strategy he posted is something similar to what I'm doing now. Although I'm not quite building 30 sites per month, I'm building a good amount of them and it's been working out nicely for me.

Something to note though is that building and selling is a bit different than "flipping" in it's true definition. Flipping means buying a site, then selling it for a profit. Just thought I'd clarify that since the term flipping seems to get thrown around a lot these days. Just by reading this thread, I see that some people still think building a site and throwing some crappy content on it and selling it for a few hundred dollars is flipping, when it's far from it.

It's easily scalable but you need a process and system that works.

Then just keep building and refine the system as you go along. Every part can be outsourced but keep the auction part to yourself...that's the exciting bit!

But the research, building and promotion is easily outsourced.

Tony

It certainly is achievable with the right plan in mind.

You might want to take a look at Piper Anderson's WSO about flipping called "A Flip A Day" to get some idea of the potential.

Nigel

Yes! Very much so!
I have sold lots of sites on Flippa and am planning to work my way up to selling top earning sites for more money. At the moment I mostly flip start up sites

Does anybody know the fastest methods for getting a site earning money soon?
Joe

I have experience from flippa.
New website get very very low bid but earning make a site real value.When a site start earning, its value increases more than ten times.
Secondly, never bother about flippa fee.This $19 fee get you a lot of new and rich customers and signups.
Atleast 500 visitors visit my site when I list site on flippa.

Yes, 6 figures is pretty easy. You need a lot of quality sites that are bringing in revenue. If you have time on your hands and do this for a living, yes it's doable.

I'm just getting interested in this and have seen on flippa.com that some sites go for $10,000 but it honestly depends on the quality of the site, if you take the time..then yes.

You need to do THE SAME thing which you/me would do already otherwise, making sites which create some decent income.

This is NOT always easy and also usually doesnt happen in a week or two.

I have one site for sale now and getting the site where it is now took me a LONG time.

Alternatively, i actually find domain flipping more interesting, eg. snatching a good domain name and selling only the domain (or domain with some quickly made site).

I'll go out on an educated limb here and say that no-one does 6 figures (net) on Flippa selling turnkey sites. It would be possible, but it would require a very good setup and an awesome work ethic. I only know of a few who do 6 figures net with real flipping as described by J23 above, but I'm sure there are others who do it outside of Flippa.

The way to scale up to six figures is relatively simple in theory: scale up and reinvest. Sell your first site for $100, then $200, then $500 and keep building up from there.

In reality, the game changes substantially when you start dealing with sites worth 5 figures and up. It can be done, but be prepared to run it as a real business and not a hands off way to make money online.

Yes. It is a scalable business. However, you'd have to automate it somewhat and have other people working with you on the sites, flipping etc. Even if you try and reduce outside help, I don't think you'll be able to scale that high unless you have at least 1 or 2 other people or VA's.

I just started IM about a year and concentrate mainly on niche marketing. Domain and website flipping may a lucrative business if you know how but you may also lose money if you lack a workable exit plan.

Recently, I heard from a friend that even aged websites with no revenue or no traffic can be sold at a fairly good profit if you set them up properly.

Anyone here ever sold such website before?

It's all about scaling up. You may start a brand new site from a brand new domain with a total cost of say $50 and then sell it on Flippa for $200, you then reinvest this and buy an aged domain (using http://www.domainface.com
of course) and then build a site on it that ranks quicker because the domain already has backlinks, PR and other SEO attributes. You may then sell this for $400, you may then use that money to buy a ready made site and then renovate it and sell this for $1000, you may then buy a money making site (a business), renovate this and sell it for $2000 and so on...

When I say renovate I am talking about site structure - add content, generate conversion testing dat to get it converting better and so on


Yes it is scaleable :-)


I hope this helps


Kenny

Probably not if you are selling startups, but definitely if you are selling established sites with income and revenue.

We're working on this model right now, as we speak.

We've been testing some AdSense sites over the past 5 months and have just started Flipping those with a bit of revenue. We're going to sell a few batches over the next few weeks and see what works better. First we tried an auction with a reserve and slightly lower BIN...now we have a $1 No Reserve going here: https://flippa.com/133558-148month-5...#comment493479

BTW, I see the $30/day given as a possibility, but that's nowhere near what we've found. In the short time we've been doing it, we're looking at $10/month on our low-comp sites on average. That being said, we're new and have less than the average revenue...but our costs are low so it makes sense for us.

Website flipping is scalable to any figure you like!

It is a very lucrative business model and it really depends on your dedication and smart thinking that will determine its scalability.

It's also a hell of a lot of fun

I like that you can really flip a website, or just the domain. My strategy was cityservice.coms and I found a few that, after some cold emails, easily covered the investment of 30 domains in a first run. Domains I bought for $7 (GoDaddy coupon code FUN3) would go for $200-$500 each!

Find what you like and go with it. I've always preferred mass domain registrations, but like said above niche websites can residual AdSense gold.

Everything is scalable...

I think flipping is one of the most funnest and most profitable for me. Personally I'm more into how the website looks/functions..doing SEO isn't my strong point.

That all depends.

But you must follow a system taht works for you or somebody else.

1) create a solid business that you can prove brings in money.

2) be able to put your site on the market in a way that attracts propsects.

3) Realise there are no secrets, teh more you tell the more you sell.

4) work out what works and what doesnt.

5) work out what busineses are in hot demand.

Once you figure all this out, then you can scale it up. Scaling something up without a plan is the quickest way to fail.

I would do smaller test and record what works and what doesnt. The rest is history.

It's definitely scalable (I'm currently doing 6 figures in the business of flipping).

In order to scale a business model, the key in my opinion is to find the biggest points of leverage.

Leverage is doing more with less. This includes using other people's time, other people's money, other people's knowledge, other people's network, etc.

What I would suggest you do is to map out your current system that worked for you. Analyze each step and ask yourself if you can apply leverage. For instance:

1.) Did you build a site? Leverage other people's time to build it for you.
2.) Did you buy the site? Leverage other people's time and networks to find more good deals.
3.) Did you make money from the site before selling? Use other people's knowledge to find better ways to make money from sites faster.
4.) Are you limited because you don't have the money to invest in building or buying sites? Use other people's money.

As soon as you find something that works (which you have), all you need to do is focus heavily on leverage to scale fast.

I just sold my first site last Thursday. Took awhile for the guy to pay (which made me nervous), but it was a rewarding experience. I like design and so I kind of have an outlet with this. My second site is almost finished and will get listed on Monday.

I plan on building two more this weekend and refining my skills before I attempt to outsource. It may not turn into a six figure income, but I could easily see making $1000 this month alone from this.

I think it is possible. Although I have never scaled it to that
level. I have sold developed sites in the $x,xxx range and have
had $xx,xxx years selling websites. I have usually sold only
out of necessity, i.e., need money for another project.

I have known others who did scale it to $xxx,xxx. They
all had one thing in common: they sold high end websites.
They would buy a successful site in the $x,xxx range, and
improve design, traffic and income. Then, they would sell
the site in the $xx,xxx range, rinse and repeat.

The opportunity is there. People will buy income producing
websites all day long. Best of luck to you.