The Truths about Site Flipping

23 replies
Many people come to me and asked me tons of questions on anyone should invest some of their time being involved in site flipping. Now, before I tell you more, let me tell you that I am not asking you to go into site flipping or whatever, I'm just telling you what makes sense to me.

1) Site Flipping Does Contribute to Your Passive Income.


This will be very controversial because I have involved in tons of arguments about site flipping vs affiliate marketing. A lot of people think that site flipping does not contribute to passive income which is not true. In March 2009 (this month), I reduced my site flipping progress by 4 times due to exams and other stuff I have to attend to. However, I am still generating passive income through selling hosting packages to previous customers and simple affiliate marketing on sites that I am going to flip.

2) Most Site Flippers are Designers/Writers.

This is in fact very true. Most established site flippers know how to use photoshop and know how to spit out a 500 words article in 5 minutes. This is one reason why their sites is selling because they can easily alter anything to what the buyers want.

However, I am not a designer or writer myself. I write not-so-awesome contents (like this post ) and I don't even know how to use any graphic editor except Paint.

3) Site Flipping is Overrated.

I'm a site flipper myself and I personally think site flipper is VERY much overrated. I've seen some "so-called" successful site flipper selling guides and eBooks like site flipping is as easy as spelling ABC. It is not. The only easy part of site flipping is that as you flip more sites, things got repetitive and you are basically do the same stuff for every single stuff. So, it gets easier only when you flip more sites.

4) Site Flipping is Not Just about Blog Flipping.

If you look at most guides and eBooks, most of those "so-called" site flippers actually focused on blog flipping. Let me repeat this again, site flipping is not just about blog flipping.

5) If you sell start-up sites, you don't need to know anything about marketing.

Of course, if you are selling start-up sites, you don't need to worry anything about marketing, traffic generation and conversion. I know some on those internet entrepreneuers actually hate marketing & promotion, which flipping start-up sites will benefit these people wholly.


Hope this helps
#flipping #site #truths
  • Profile picture of the author dmarze
    You are right Desmond.
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  • Profile picture of the author ArtfulWebSites
    Excuse my ignorance, but what is "site flipping"?
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  • Profile picture of the author ArtfulWebSites
    Thanks for the clarification.

    Where is a good venue to sell sites? How does one price a site?
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  • Profile picture of the author ArtfulWebSites
    John,

    Thanks for those great references. I will check them out.
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  • Profile picture of the author Roshan C
    Amazing Post Desmond, Agreed to your points, But I still love site flipping.
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    • Profile picture of the author Bcrewse1
      Thanks for spelling it out. I think many people suspected what you have taken the time to post here....nice to hear about someone's experience without all the hype!
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  • Profile picture of the author InternetM39482
    W'sup dude?

    I agree with you.

    #1) Site flipping does generate passive income. I've referred my buyers to aweber, hostgator, some membership sites which pay recurring commissions, and they do pump money till now.

    Thing is people look into this as a quick moneymaker, not a simple business. If one thinks of it as a business, and does invest time into his projects, he WILL be making passive income.

    #2) LOL. I can design well, and I can code well as well. But I outsource all of that - saves some time and end profits are better. Now those who are doin' this as a biz, they outsource a good part of it.

    #3) Over-rated? No.

    Now one cannot expect to sell a one day old blog for thousands of dollars, but there is a LOT of money to be made. Take an example of Max Davis, who bought a site for $9,000 and sold 14 months later for $575,000. That is some ROI one would love to get.

    Some people who haven't had any success with IM made their first grands with website flipping. Everyone has their own specialities, if you can't generate traffic, if you can't take a website to the "next level" it's better to sell rather than holding it up and losing money.

    If one knows what he is doing, it ain't slight profit, it's a lot of it.


    Originally Posted by desmondblog View Post

    Many people come to me and asked me tons of questions on anyone should invest some of their time being involved in site flipping. Now, before I tell you more, let me tell you that I am not asking you to go into site flipping or whatever, I'm just telling you what makes sense to me.

    1) Site Flipping Does Contribute to Your Passive Income.


    This will be very controversial because I have involved in tons of arguments about site flipping vs affiliate marketing. A lot of people think that site flipping does not contribute to passive income which is not true. In March 2009 (this month), I reduced my site flipping progress by 4 times due to exams and other stuff I have to attend to. However, I am still generating passive income through selling hosting packages to previous customers and simple affiliate marketing on sites that I am going to flip.

    2) Most Site Flippers are Designers/Writers.

    This is in fact very true. Most established site flippers know how to use photoshop and know how to spit out a 500 words article in 5 minutes. This is one reason why their sites is selling because they can easily alter anything to what the buyers want.

    However, I am not a designer or writer myself. I write not-so-awesome contents (like this post ) and I don't even know how to use any graphic editor except Paint.

    3) Site Flipping is Overrated.

    I'm a site flipper myself and I personally think site flipper is VERY much overrated. I've seen some "so-called" successful site flipper selling guides and eBooks like site flipping is as easy as spelling ABC. It is not. The only easy part of site flipping is that as you flip more sites, things got repetitive and you are basically do the same stuff for every single stuff. So, it gets easier only when you flip more sites.

    4) Site Flipping is Not Just about Blog Flipping.

    If you look at most guides and eBooks, most of those "so-called" site flippers actually focused on blog flipping. Let me repeat this again, site flipping is not just about blog flipping.

    5) If you sell start-up sites, you don't need to know anything about marketing.

    Of course, if you are selling start-up sites, you don't need to worry anything about marketing, traffic generation and conversion. I know some on those internet entrepreneuers actually hate marketing & promotion, which flipping start-up sites will benefit these people wholly.


    Hope this helps
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  • Profile picture of the author TheCren
    Originally Posted by desmondblog View Post

    1) Site Flipping Does Contribute to Your Passive Income.

    This will be very controversial because I have involved in tons of arguments about site flipping vs affiliate marketing. A lot of people think that site flipping does not contribute to passive income which is not true. In March 2009 (this month), I reduced my site flipping progress by 4 times due to exams and other stuff I have to attend to. However, I am still generating passive income through selling hosting packages to previous customers and simple affiliate marketing on sites that I am going to flip.
    So site flipping does NOT contribute to your passive income. It's the hosting packages that contribute. The way you market them is through your site flipping endeavors. But the actual site flip is a one-time payment, if they transfer to a cheaper host you're kind of screwed. Not to mention, most hosting packages are one-time payments for the year. You and GoDaddy are the only ones I know of that actually have month-to-month plans.
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    • Profile picture of the author LMC
      Nope, Site Flipping does give you passive income.
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      • Profile picture of the author TheCren
        Originally Posted by LMC View Post

        Nope, Site Flipping does give you passive income.
        LOL it is not the flipping that is passive is all I'm saying. Flipping is a one-time thing. It's these products that you bundle with it that bring in passive income. If you offered them in any other form they would still be passive, and if you take them out of the flipping process you will no longer have passive income. Therefore, by deductive reasoning, we know that flipping is a one-time thing. Offering another recurring product to complement is what creates a passive income!

        Take an economics course please!
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        • Profile picture of the author Desmond Ong
          Originally Posted by TheCren View Post

          LOL it is not the flipping that is passive is all I'm saying. Flipping is a one-time thing. It's these products that you bundle with it that bring in passive income. If you offered them in any other form they would still be passive, and if you take them out of the flipping process you will no longer have passive income. Therefore, by deductive reasoning, we know that flipping is a one-time thing. Offering another recurring product to complement is what creates a passive income!

          Take an economics course please!
          Yeah I think I get you. You're saying that the flipping action does not generate passive income. Which is very through unless of course the site flipper JV with other flipper or web developers to build the site and ask the JV partner to list it on marketplaces but that will be pointless.

          OK, let me make this clear. Site flipping does generate side passive income but by itself, it is not passive income.

          Site flipping still consume less time compared to affiliate marketing though. Like I said, you can outsource almost 90% of all the works!

          BTW, I AM an economics major in college.
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  • Profile picture of the author sbucciarel
    Banned
    I make a pretty good passive income from site flipping. I flip as a business and sell quality sites but I also have a guide that newbies can purchase for tips on traffic, blogging, etc. That produces a pretty good passive income, as a lot of newbies buy a site and then don't have a clue as to what to do with it.
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  • Profile picture of the author WinsonYeung
    This is really a nice sharing experience. I'm really bad at designing and very unsuitable for the site flipping. Anyway, how much time you spend on a site and how much profit do you make from each flip ?
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    • Profile picture of the author sbucciarel
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      Originally Posted by WinsonYeung View Post

      This is really a nice sharing experience. I'm really bad at designing and very unsuitable for the site flipping. Anyway, how much time you spend on a site and how much profit do you make from each flip ?
      I have made as much as $800 profit from a site and as little as $150 profit. Depends on the site, the traffic, revenue, etc. Big revenue sites can go for big bucks, but I also buy and build a lot of startup sites and flip them for a modest profit real quick. I add more value to them with content and then let them go.
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    • Profile picture of the author Desmond Ong
      Originally Posted by WinsonYeung View Post

      This is really a nice sharing experience. I'm really bad at designing and very unsuitable for the site flipping. Anyway, how much time you spend on a site and how much profit do you make from each flip ?
      I can't design and code either. The beauty of site flipping is you can outsource almost 90% of all your works.
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  • Profile picture of the author sbucciarel
    Banned
    Also if you're not good at designing but know how to monetize a site or get lots of traffic to it or build great content, you can make profit by improving the stats/revenue/value of sites that you purchase.
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  • Profile picture of the author Biggy Fat
    Great post, Desmond.
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  • Profile picture of the author tpettit
    Another approach I have used is to make 2 sites at a time - sell one and keep one (not identical of course). If you do even a little bit of promotion and add a little new content each month or week, that becomes the passive income as you are able to sell those for a lot more money in the future.
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