Beginners Guide on Starting With Website Flipping - Few Key Points You Never Knew About Making Money

Site flipping or website flipping is a basic strategy that has been used as the foundation of businesses for many years. The concept is simply: buy low, sell high applied to the buying and selling of websites.

Site flipping is often misconceived to be building a website and then selling it for a profit. This is not what proper website flipping is and often gives the business negative publicity. It its pure form, flipping should consist of buying an already established site, making improvements (or adding value) and then reselling for a quick profit.

There are many different techniques used and taught by site flippers. It is important to understand the thought process behind the methods and ultimately build your own business model that works for you. This is vital in building a long term business and allows you to have the ability to react to your competitors and market trends without you "methods" being killed overnight.

Whether the site is a local website for your home country, a forum full of Star Wars fans, an e-commerce shop selling printer ink or just a site with articles - someone wants to buy it! All you have to do is present the site properly and get it in front of the right eyes and you have a profitable business model. I first read this in the Killer Flipping Secrets course. Just remember: it's not WHAT you sell, it's HOW you sell it. That's the difference between the average and the very best.

The whole site flipping process is regularly over-complicated by people who don't completely comprehend. It really is quite a simple process that can be done by anyone, from anywhere, at anytime.

Most people will ask what technical skills you need to be a site flipper and whether it is expensive to begin. In fact, it is really quite cheap. All you need is a good internet connection, a domain name and web hosting (even free will do!). A basic understanding of websites is obviously useful, which can easily be found by reading articles and webmaster forums.

The process for flipping an established website is as follows:

Acquire an established website -> add value -> Sell the website

There are a number of places to buy websites. Arguably the best is Flippa.com (think eBay for websites) which is the biggest and most active marketplace for buying and selling websites. Flippa is not the only place to buy or sell, but I would recommend this as a starting point for anyone.

To add value you will usually need to physically make changes to a site, so knowing what you do best will ensure your flips are as efficient and cost effective as possible.

Generally speaking when you purchase a site, you will need to improve one (or all) of the following:

• Content

• Design

• Monetization

• Traffic

If you are a SEO pro, look for sites that are poorly optimized and can easily be boosted up the SERPs.

If you're a good writer, look for a site that already has all the hard work done on design/coding but lacks original content - this is where you can shine and add value.

Conversely, if you are a great designer, but suck at writing, buy a ugly looking site that you can easily improve which always increases perceived value to potential buyers.

Overall, site flipping can be a great way to build a business or add additional revenue stream to an already successful and profitable internet marketing business. There's something for everyone as anyone can learn to work to their skills and become a world class flipper.