Website developers are not the only ones who can make money off designing websites. As long as you have some knowledge of web design, you can make money through buying and selling websites, which is also known as flipping. Many websites online are not designed very well and have limited functionality. You can often buy them for low prices, and then spend a little time to make it better through altering the design, adding content, changing the hosting, and adding personality to the site. Then, you can resell it at a profit
Types of Websites
The first thing you need to figure out is what type or types of websites you are going to purchase and flip. The most typical types include forums, blogs, clickbank pages or affiliate sites, niche communities, paid membership sites, dropship product sites, and social networking sites. How much work you want to put into the site and what type of work you want to do towards the site will affect the type of site you want to purchase. A blog will require upkeep and creative writing, whether from yourself or hired writers. Clickbank requires you to understand that niche. Community based and niche based sites typically need less work, as long as you can find the appropriate traffic.
Different sites will require different types of technical knowledge. Basic sites can be easy to mange, with just some sporadic content management needed. There are also some website reseller programs that provide easy platforms to convert and resell your websites. However, if you purchase a complex site then be prepared to need advanced web design and other IT skills. Regardless of the type of site you purchase, you will need to have at least a basic understanding of how websites work, along with how to make money from ads, SEO, and other valuable aspects of websites that will help their resale value.
How Much Must be Changed
Before you purchase a website, you will want to consider the current abilities of the site. This includes how popular it is, which you can easily check through the analytics of the site to see how much traffic it gets, including repeat traffic, longevity of stay, and unique traffic. You also want to look at the current income of the site. When you are looking at the traffic and income, you want to ensure that it is firmly established and will not disappear once you have started to tweak the site. Furthermore, you want to see how much promotion for the site is already set up, including any social media accounts.
Finding a Site
There are a few established places online where people buy and sell websites. Before you begin to use these sites, make sure you are on a reputable site with good security. Additionally, you want to make sure that they do not charge outrageous fees. You can also contact owners directly, if you know how to contact them. The owner of the domain could be a good place to start, if the website does not offer any contact information. The site whois.com will help you search the owner.
How Much is a Site Worth?
When it comes to buying and selling websites, the value is how much the site generates currently, not future potential. There are several websites that will provide an estimate of a site’s value. To get the best idea of the value, visit a few of these valuator sites and use the average. You can also compare the site to similar sites and how much they have sold in the past.