Did you know what websites have value? People build them up from scratch and turn them into multi million pound businesses. Some of the websites you know, love and use regularly have been purchased by other companies because of the amount of traffic driven to it. Websites can be a great way to earn money. Have you ever thought about flipping websites for profit? If you're not sure what that means we'll explore it in this post, however it could be the career move you need to make some decent money.
What Is Flipping Websites For Profit?
Flipping websites is a phrases used to describe the buying and selling of websites. You can do flip other things to make a profit. Some people choose real estate and others make a living flipping furniture. So many businesses are solely online these days. Some of them don't even have their own stock as they use third parties to organise all that side of the business for them. The value of websites can be determined by how much revenue they generate on an annual basis, but they are actually worth whatever someone is willing to pay. Even some hobbyist websites have value, as they have been around for a long time and have decent following.
You can find business websites, blogs, online shops and many other types of website which people are selling. They may be selling them for different reasons. Because they have had a change in the direction of their career or they simply have had enough and would rather ‘cash out'. The flipping part of flipping websites for profit is when people buy them to try and sell on at a higher price. Some sites might need improvements making over a few weeks or months, others might simply be selling at what the flipper thinks is a low price. In this case, they will barely make any changes and look to turn a profit by selling on straight away for a higher price. There are proven business models with websites and these can be extremely profitable.
Full Websites
There are a couple of websites to start flipping websites for profit. If you have the capital to by established sites, this is a great way to start your journey as you will look for a decent site which is selling for less than you think it is worth. You can then buy it and sell it on. The difference between what you buy it for and what you sell it on for, is your profit. You might need to take into account fees from websites you sell on, however you might be able to make a decent amount of cash without too much work.
Of course, websites aren't always going to sell. You won't always find a buyer straight away. This means you might pay out a large amount of money and not see any interest in the site for a while. This would leave you out of pocket with a website you aren't doing anything with. You might then need to continue to add content to it. Running it as a business before finding a buyer. You need to consider this when you are looking at the types of sites to purchase.
If you don't have that capital in the first place, you could start building your own sites. It can be fun to start websites, blogs and other online businesses. Choosing the branding, finding the content, creating something from scratch. However if you are doing this purely for profit, you need to be aware of the amount of time you are putting into these projects. If you put hours upon hours in, which you will likely have to do in order to build up something from nothing, you need to keep an eye on how much your time is worth.
If you do this in your spare time and at the end of two years you sell the website for £30,000, that is quite a good amount of money per year for a side hustle. Building websites from scratch and writing content will take time, but if you find a way to do it and develop a work flow that enables you to do it quickly and correctly, you could easily urn this into a full time business.
Domains Only
You don't necessarily have to create websites in order to make money though. The domain of the website has loads of value associated with it. The name that people type in, in order to get to a specific site. For example, if you could buy google.com, not that you could, it would be worth a lot of money. With this in mind, you could start search for website domains that would would like to buy. You can do this via websites such as 123 Reg or Go Daddy. If you can find domains that always have decent stats connected to them, they will be worth more. Domains have many statistics linked, including domain authority (DA). The higher the DA, the more you can probably sell it on for.
There are lots of start up businesses which will want specific domains for their business. If the business is called The Little Farm Shop, they aren't going to want their website to be www.welovecars.com. They will want the name of their business to be in the domain. If you see domains for sale that you think businesses will want, you could buy them for the advertised price on the selling site, then approach businesses and sell them on at a higher price, giving you a profit. It's a little bit like flipping websites for profit, but you don't have to deal with physical websites. Just the name that directs you there.
Where To Sell Your Websites
Of course, you need to know where to sell your websites. There are lots of places online that you can connect with in order to advertise your websites ad domains. However they will take a cut, that is how they make their money keep their business going. The main one is probably Flippa. This was one of the first and works with an auction type system for people to bid on websites. Other popular places include Trademysite and Website Broker. There will be people searching for sites just like yours, on these platforms. In which case it might be worth the fees in order to get your sites in front of an active audience. However, if you wanted to avoid fees, you could look at Facebook groups. These are free. You will find groups specifically for selling your sites and domains.
There are lots of ways you can create, access and buy sites to start flipping websites for profit. It could be the start of something great.
