Chances are you’ve heard of people who know how to make money flipping websites – but do you know what that really means?
In a nutshell, flipping websites really just means that you buy a website (or in some cases, create one), boost its value, and then sell it on for a profit. Honestly, when you boil things down that’s all there is to it.
However, if you want to know how to make money flipping websites and really turn over a good profit there is one key area that you need to master!
Evaluating the Value of Websites
Since you’re going to be buying websites, increasing their value and then selling them on – one of the key skills that you’ll need is the ability to evaluate the value of websites.
This will help in three main ways:
- Being able to identify websites for sale that have great value and are real bargains
- Knowing what influences the ‘value’ of websites and how to improve websites so that they can fetch a higher price
- Providing potential buyers with the right sort of information that will help them evaluate the value of your website for themselves and agree on the price you’re demanding!
This is how to make money flipping websites with ease – by buying websites that are below their real value (or potential value!), making crucial improvements that boost that value, and then selling them on with details provided as to what makes them so valuable!
In order to master this key skill however, you need to know what buyers generally perceive as being ‘valuable’ when it comes to websites.
And honestly – there are many factors to consider.
Traffic will obviously have a big role to play, but more importantly if a website is already monetized and uses that traffic to rake in a steady income – it is of much higher value!
Very often, experts who know how to make money flipping websites essentially spend time hunting down websites that they feel they can monetize quickly to improve the value, and then sell on at twice or maybe even three times the price they paid!
Learning how to evaluate the value of websites comes with experience, but knowing different monetization strategies, and how to judge the potential of traffic in terms of how targeted it is will be a start.
All said and done, this is the easiest way to figure out how to make money flipping websites!