Most entrepreneurs are aware of flipping real estate as a business investment. There are certainly ample reality TV shows about how to purchase a fixer-upper, renovate, then immediately sell it for a profit. But what about possibly the hottest money-making opportunity online—flipping websites?
Instead of buying expensive real estate and hoping the market goes up and selling it for a profit, business investors can buy pre-existing websites, in effect ‘renovate’ them, increase traffic to them (thereby increase the website’s revenue), and then sell the site online at a higher price—website flipping!
The most valuable websites can and have been sold for millions of dollars on website platforms. Domains are also sold using these platforms. Thus, flipping websites is a proven and profitable business model.
Website ‘flipping platforms’ are sites where you can buy and sell websites, and in some cases businesses, domains, and apps. Flippa was the first site to begin domain selling and buying platforms, also providing support to users. Sites and domains are sold and bought within an auction system with interested customers move through a bidding process.
After Flippa a number of other platforms appeared for business owners to sell sites, such as Trademysite, Afternic, and several more. Next came the online forum Web Hosting Talk, a forum for discussions with webmaster and domain seller users to find customers. And on it grows.
How do you get started?
One option is to hire someone who knows how to find a suitable website to purchase, initiate website enhancements, and increase the traffic and income of that website, then sell for higher market value. As opposed to a money-making scheme, website flipping is undoubtedly a financially lucrative business investment.
What type of business owner enters into the exciting world of website flipping? Essentially any type. A first-time flipper, such as an internet entrepreneur, can build a website from the ground up, then promote and sell it once it has traffic. This business person maintains more control of the website. A typical flipper can buy a website with potential, immediately implementing enhancements to sell. Therefore, the choice of website is of utmost importance. Lastly, a long-term investment flipper can purchase an already profitable website to hold onto for years, all the while profiting from its income. Then they can decide to sell. This necessitates a bit more patience and expertise than a newbie.
Indeed, there are several methods of entering the website flipping game, and benefits to doing so. Compared to investing in property, initial cash outlay is minimal. Therefore, the novice can enter the market relatively easily. Additionally, if you purchase a site with consistent income, you can profit even while you’re improving the site, eventually selling it for more cash. You certainly aren’t making money on other investments in the same manner; at least, not until you sell.
Website flipping is possibly one of the fastest growing online markets as domain name flipping is becoming more difficult and expensive to penetrate. Fortunately for entrepreneurs scanning for a fierce new business opportunity, Evolution Business Media Group is here to help. In addition to web development, our team can assist you in turning a profit in the website flipping business.
