Do you know that you can actually buy and sell websites as your side hustle for some extra cash? Website flipping is one of the ways entrepreneurs today are using to make money online and we are going to show you how to do it right here in this article.
Whether you decide on creating a website from scratch or prefer to purchase an existing website, both ways are good and be very lucrative. You only need to follow me through this article to learn how to get started.
Be Aware Of Your Time And Money Limits
Buying a website is a form of investment so you will need to examine your financial status before you even consider investing in buying a website or building one. There are high chances of buying a dormant website and as a consequence you will need to spend a lot of time working on it.
Choose A Niche
Choosing there right niche is a priority when purchasing a website. You should avoid seasoned niches such as Christmas, Easter etc and go for content that will be of interest all year round. Niches such as health and fitness, money and finances are popular and there so many sub-niches you can create from this.
Find A Website To Buy
When it comes to purchasing a website, you will need to be aware of several performance indicators that will tell you about the website. To evaluate such performance, consider how much revenue the website consistently earns, whether the income is ad-based and ultimately, whether the site has upside potential.
If you need a genuine website, you must do your part too. Along with knowing the traffic and revenue reports, try to find out why they are selling the website. You should also verify the traffic of the website to make sure the seller is not exaggerating or trying to trick you.
Also analyze the link profile and make sure the link is not already sold otherwise this can lead to complications.
Make An Offer
After doing a background check and you are satisfied it is time to make an offer and find out the worth of the website. A few of the website owners will quote their prices but others don’t. It is logical for you to start with 70% of the quoted price to create room for negotiations.
Improve The Website
Your aim is to make a profit. For this reason, try to improve the website. Consider improving things like content strategy and the use of SEO in the content. You can also create an email list and grow your social media accounts for more revenue.
Sell The Site
Completed optimizing your website? Now it is time to flip it. You can sell your website to the platforms where you bought it. This is the simplest way. Preserve your records concerning traffic and revenue and display to the potential buyers.
This is all about buying and selling websites online and making a profitable income. Hope you find this information helpful.