A lot of people talk about flipping websites these days as a means to make some extra cash online. What happens when someone flips a website? It is not very difficult to understand the concept of flipping a website. All that “flipping” implies is that you create your own website and then sell it in order to make money. The process can seem somewhat complicated if you have never flipped one of your websites before. Obviously the best way to learn how it’s done is to experience it for yourself by starting up a website, working on it, and selling it to someone that is interested.
What is a potential buyer going to look for in the website? Most people will be looking for whether you have chosen a keyword-rich domain name. For example, you will want to have a domain name like “RedChairs.com” if you were trying to target the keyword “red chairs.” Having something like “MySeats.com” would not work as well for “red chairs” and would thus reduce the value of your overall website. As with many activities on the internet geared towards making money, there are going to be some initial expenses.
First of all, you are going to need a reliable web hosting service to host your websites. Secondly, you are going to need to have basic knowledge of how to transfer your website to a new owner after the monetary transactions have been made. Okay, so how are you going to make some money on the internet by flipping your site?
I have had success with using Flippa, but there are also other places that you can go to in order to flip your site. Before ever listing your website for sale, you will want to know how much it is worth and how much it is capable of earning. You should do some research ahead of time and have a clear understanding of whether your niche site will sell. It is always helpful to look at what types of websites are currently selling on Flippa and keep them in mind.
How to Flip Websites Quickly
Flipping websites is not a very difficult endeavor, but may seem slightly confusing the first time that you attempt to flip a site. After you have gotten the hang of it, being able to flip a site becomes really easy. The quickest way to flip a site to make a quick buck is by building up a web property that gets consistent traffic, is capable of earning money, and has a solid domain name. If your site meets that set of criteria, you should not have a very difficult time finding someone willing to pay out money for rights to the ownership.
What types of websites should be flipped?
Examples of websites that can be flipped to make money on the internet include:
1. Websites that you no longer enjoy working on – Many people get tired of certain sites and writing articles in certain niches. Although they may be earning some money off of the site, they decide that it simply isn’t something that they want to keep. If you are in this situation, you should take the time to evaluate whether you could benefit from selling a website.
2. Websites that you don’t have time to work on – Let’s face it, nobody wants to have a ton of sites in their portfolio of web properties that they don’t have any time to work on. Many people find that managing a lot of sites is very stressful. If you find too many sites stressful and want to refine your focus, it is smart to simply call it quits on a site and put it up for sale.
3. Websites that you want to get rid of – Some people end up creating websites and just feel like getting rid of them. Although you are not likely going to sell a site that is earning zero money, you may still be able to work something out if the domain has aged and is targeting quality keywords. Never “throw away” your websites without at least making an attempt to flip them first.
4. Websites that could make you rich overnight – In some cases, people want to get rid of sites that are already making a lot of money or are capable of yielding a huge profit as they continue to grow. Many people wonder why anyone would sell a website that is pulling in $100 per day. The answer is so that they can earn a lot of money, avoid downward market trends, and so that they can reinvest their cash into more important things. The asking price for these types of sites is typically thousands of dollars.
Not Everyone Enjoys Website Flipping
Although not everyone enjoys the process of website flipping, it can be a useful technique to make money on the net. I recommend that you test the waters for yourself by giving it a shot at some point in your career online. I know that flipping certain websites can be extremely profitable if the timing is right. There are times when the market demand for purchasing certain websites is significantly low. It is always a good idea to study the market, participate in some flipping forums, and closely observe the buyer/seller trends.
Consequently, if you are able to understand the process of selling your website, you probably will have a much easier time buying websites as well. If the process of flipping sites interests you at all, you can continue to read more. If you are content and don’t want to flip any of your sites, it is at least a concept to consider for future reference.
So you want to know how to make money on the internet? Or are you looking for a get-rich-quick scheme? There is a clear difference between the two. If you are trying to make money online for the long term, you are going to want to avoid trying to “get rich quick” and the entire mentality that accompanies it. It takes most people MONTHS and sometimes YEARS before they start earning any decent money online.
A great way to make fast money on the internet is to put targeted advertisements on your websites. If you don’t have a website yet, you could write a few articles for InfoBarrel or HubPages and expect to earn some pretty good money via their shared revenue systems. The point is, as long as you have traffic, you have the potential to make money. With that said, you probably will not make squat for money if you are not targeting any specific keywords on your site.
Making Money On The Internet = Avoiding Blogs
What should you do if you have no clue about how to make money? The very first thing you should do is start taking action instead of reading blogs! A lot of times people think that they need to “keep reading blogs” and “absorb as much information” as they can before they actually build a website and start making money online. All that “reading blogs” is going to do for you is show you how other people are making money – it is not going to make you any money yourself!
It is definitely a good thing to have some knowledge about what you are doing before you launch a website, but reading articles about “how to make money on the internet in 30 days with this simple technique… (insert fake testimonial here) it really works, I made $382,082 in 6 hours while sitting in my college dorm room” are not going to get you anywhere. You need to step it up and actually do some keyword research, find some topics that you are interested in writing about (that also pay well), and start setting up websites. Now, I already told you what the best web hosting service is for people that are trying to make money, so get going and sign yourself up if you haven’t!
Buy Yourself Some Hosting and Domains
Once you have signed up, what should you do? I recommend having a list of all the topics that you are going to create websites about, and starting with one website. You are going to need to buy domain names for each website, so you probably want to go through a cheap service. I recommend getting your domain through NetFirms.com (that’s where I get mine) and they only cost about $7.99 per domain (this saves you a couple bucks vs. GoDaddy).
Anyways, once you have purchased your hosting and domains, transfer your name servers to match your hosting. When you have finally gotten your hosting properly set up and all of your name servers transferred, you may need to wait a few hours for them to lock in. Make sure that you have your “privacy” enabled on all of your domains and then start by clicking “Add A Subdomain.” Type in the URL’s of each domain that you purchased.
Setting Up A WordPress Website
Next, go to a little icon called “Fantastico” in your cPanel hosting. You should then set up a new version of WordPress on each of your domains that you bought. Once WordPress has been set up, you should go get yourself some good plugins like (All In One SEO pack, Google Sitemap XML, No Self Pings, etc). You will probably want to make sure that you have a theme that looks good as well.
Your next step should be to write some posts on your website. (Before writing, make sure that your permalink structure is set to custom permalinks with: /%postname%/. After you have set that up, I recommend that you add about 10 to 20 posts that are each solid length. Make sure that you do some keyword research ahead of time using Google’s Keyword Tool. This will help to make sure that you are getting targeted traffic.
Writing Content and Internet Marketing Tools
When you have finally have finished writing your posts, you are going to want to dedicate a pretty darn big chunk of time to marketing them. I recommend that you spend a lot of time on marketing, becuase it will help you get a heck of a lot more traffic than just writing new posts will.
What can you do for marketing? There are a bunch of good things to do as a marketer. I recommend writing related content on shared revenue sites like HubPages and InfoBarrel, (and maybe even Squidoo) and sending about 2 links back to your main website in each posts. Make sure that you are anchoring your links properly for the keyword that you are targeting. You should also look for similar blogs to exchange blogroll links with so that you can get more traffic.
I also recommend using EzineArticles.com and GoArticles.com to send a total of 20 links back to your site. Ezine links are going to be slightly more powerful, so you should go with at least 10 of those. When you have finally sent out all of your links, take some time to wait (by not marketing your site any more for a couple weeks). After about 3 to 4 weeks, you should think about using either Unique Article Wizard or Article Marketing Automation to send your site some more links.
You can get a heck of a lot of good backlinks using these services. Despite their prices ($67 per month for Unique Article Wizard) and $47 per month for Article Marketing Automation, they will save you a ton of time. If you can only afford one, I personally give the edge to UAW, but they both are very solid. What’s nice about using these services is that you will likely be able to earn way more than they cost per month. If you are paying $114 per month, but have increased the traffic on 20 of your sites by double, you could make a lot of extra money… Let’s just say the cost of these 2 programs will be pretty insignificant.
Google Adsense and Affiliate Links To Make Money
After about 1 to 2 solid months of marketing and adding more content to your website, all that you need to do is throw up some Google Adsense ads and affiliate links to products that you like. I don’t recommend promoting any affiliate products that are crappy… make sure that you test them out before you go spamming your blog with links for them.
Anyways, if you followed the instructions in this post, you should be well on your way to making money on the internet quickly. Will you need to keep making websites forever and slaving away at writing new content for all of them? No, once you start making some decent money, you will be able to outsource your article writing and hopefully (eventually), the entire set-up process of your websites!
People can and do make a full time income online if they approach it with the right mentality. Start small, but always focus on making improvements and never (ever ever ever X infinite) give up! It took me awhile to learn how to make money on the internet, but I have figured out a strategy that has worked well for me. Everyone is different, so focus on your strengths and play off of them.
Along your journey, you will make new discoveries and find new monetization methods that maybe I don’t even know about at the moment that may work really well for you. I will say that if you are working A) As hard as possible + B) As smart as possible, you are going to make a lot of money in a pretty short amount of time. Best of luck to all those who set out to make real money on the internet!
