So, you are ready to flip the site? Good. The site is on the web, probably three or four months old, has a ton of links linking to it, is bringing in some very nice amount of money each month ($50 is nice when working with this). Good. Now comes the fun part and the part that really gives you gratification. You’re going to sell it.
This is not really that hard to understand; however, people tend to get duped and sometimes lose out on some money when doing it. There are two places that I strongly suggest selling your sites. The first is Digital Point and the second is Site Point. Each has its benefits and each has its cons. However, it’s your decision to pick which to use.
With Digital Point, you’re going to get people very interested in your site very fast. If it is bringing in ANY money each month, they’re going to pay from 10 months revenue to one year revenue and that’s it. So, if it brings in $50 a month, they’ll pay anywhere from $500-$600. That’s nice; however, the site, arguably, can be worth more if the content is good.
That leads me to Site Point. On this site, people are willing to invest more for each site. I have seen some sites sell for 24x revenue; however, that can be rare. Try and push for 16 or 18 months. The downfall is that they charge $20 per listing, so it can get very expensive and begin to chisel away at your overall earnings.
Once you have sold it, transfer the domain name to their domain company and get the site off your FTP. Congratulations, you have just flipped a site and you have a nice chunk of change in your hand. However, for the amount of work you probably did and the time you spent, the money might not seem like an all that great amount. So, here’s what I suggest.
If you are working on a Monday-Friday time schedule, each week, dedicate time to making five sites. On Monday, Tuesday, and Wednesday write the content for the sites. Sure, it can get very tiresome writing so much content; however, you will get all the content writing done fast. Get the sites up at the end of each of those days. Use the same steps I described in the previous posts.
Now that the sites are up, spend Thursday and Friday promoting the site and building links for it. If that is your ONLY job for those two days, you’re going to be able to get a lot done. You’ll be able to submit to directories for each of the five sites (that may take two hours) and you’ll be able to really do some blog commenting. Basically, you want to consolidate all the work in chunks so you are as effective as possible.
Do the same thing each week and, after a few weeks, you’ll have an array of websites. Once they are bringing in a comfortable amount, sell. One note, though. Although I suggest waiting for $50 a month, you can wait for $10 a month or even less. However, I really suggest that if you can wait for it to get to $50 a month or even more, do it. The gratification at the end will be much greater.
So, there you have it. This is my step by step method in creating a site for the sole purpose of flipping it. It’s a lot of work; however, the reward is great. If you have ten sites that are bringing in $50 a month, that’s $500 residual income. If each site sells for $500 (10x revenue), that’s $5,000 a month plus that $500 residual income. Not bad, huh?
However, please remember one thing. This is not a full proof method. It does take experimenting and sometimes, sites just don’t work. If a site is not working, keep trying, but don’t waste too much time on it. After a while, just say, “Whatever” and start a different site.
All in all, this works. It’s what my friends use and, when I do it, it’s what I use. Try it out for yourself and see if you can replicate it. Perhaps you’ll find even more success. Hey, you may make a living from it. You may not. But, regardless of whether you do it for some side cash or for a business, I wish you the best of luck. It can be irritating at times, but it can be very rewarding.
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Jacob is an avid guitar player as well as a biology major in college with hopes of becoming a professor. When not blogging on The Webmaster Blog, he is over at his political opinion blog.
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