{"id":24276,"date":"2021-09-24T08:38:20","date_gmt":"2021-09-24T08:38:20","guid":{"rendered":"https:\/\/www.reliablecounter.com\/blog\/?p=24276"},"modified":"2021-09-24T08:38:20","modified_gmt":"2021-09-24T08:38:20","slug":"8-things-you-need-to-know-about-website-flipping","status":"publish","type":"post","link":"https:\/\/www.reliablecounter.com\/blog\/8-things-you-need-to-know-about-website-flipping\/","title":{"rendered":"8 Things You Need to Know About Website Flipping"},"content":{"rendered":"

Website flipping is the act of acquiring or building a website with the intention of reselling them at a later date for profit.<\/span><\/p>\n

If you\u2019re interested in making some money off a website you have acquired, you might be wondering <\/span>how to flip a website<\/span><\/a>.<\/span><\/p>\n

In this article, I will cover 8 things you need to know about website flipping. So, if you\u2019ve bought a website that you no longer have a use for, you know what to do with it.<\/span><\/p>\n

So, let\u2019s get into it.<\/span><\/p>\n

Before we get started, let\u2019s look at website flipping in more detail.\u00a0<\/span><\/p>\n

 <\/p>\n

What is website flipping?<\/b><\/p>\n

You will likely have heard of people talking about flipping houses, and the same principle applied to real-estate, applies to websites!\u00a0<\/span><\/p>\n

Website flipping simply refers to purchasing a website that can make you profit, and improving it before you sell (or flip) it to a buyer.\u00a0<\/span><\/p>\n

Seems simple enough, right? There\u2019s a little more to it in the finer detail, as I explore below!<\/span><\/p>\n

 <\/p>\n

8 Things You Need to Know About Website Flipping<\/b><\/h2>\n

 <\/p>\n

 <\/p>\n

    \n
  • The funds it takes to get started<\/b><\/li>\n<\/ul>\n

     <\/p>\n

    If you\u2019re interested in buying a website with the intention of reselling it, I know what you\u2019re thinking. How much money am I going to need?<\/span><\/p>\n

    This entirely depends! If you\u2019re just starting out and you have the skills to, I recommend building a website from scratch.<\/span><\/p>\n

    That being said, if you\u2019re looking to buy a site that\u2019s earning a minimum of $100\/mo, it could cost you anywhere from $3000 to $3500.\u00a0<\/span><\/p>\n

     <\/p>\n

     <\/p>\n

      \n
    • Where to buy and sell websites<\/b><\/li>\n<\/ul>\n

       <\/p>\n

      There are two main places to buy and sell websites:\u00a0<\/span><\/p>\n

        \n
      • Website brokerages<\/span><\/li>\n
      • Private website owners directly<\/span><\/li>\n<\/ul>\n

        Typically speaking, flippers tend to most commonly use website brokerages such as:<\/span><\/p>\n

          \n
        • Flippa: Flippa is a public auction marketplace that has the largest amount of active websites and mobile apps for sale amongst other digital assets.<\/span><\/li>\n
        • Empire Flippers: Empire Flippers are a private brokerage for content websites and e-commerce businesses.<\/span><\/li>\n<\/ul>\n

           <\/p>\n

           <\/p>\n

            \n
          • The skills needed to flip websites<\/b><\/li>\n<\/ul>\n

             <\/p>\n

            Having a technical background helps when flipping websites, but isn\u2019t necessary.<\/span><\/p>\n

            However, it\u2019s essential that you are able to manage a team. While in the beginning it will just be you, as you grow as a business, you will need to know how to manage other people.<\/span><\/p>\n

            In addition, you will need to be able to learn quickly and on the go and have a basic understanding of data.<\/span><\/p>\n

            Lastly, you will need to ensure that you keep the goal in mind. If the goal is to make profit and sell, don\u2019t become too attached to your business.<\/span><\/p>\n

             <\/p>\n

             <\/p>\n

              \n
            • Be wary<\/b><\/li>\n<\/ul>\n

               <\/p>\n

              When purchasing websites, you need to be wary of getting ripped off, as someone else is always out to make a profit. Make sure you research the seller, and know their reason for the sale.<\/span><\/p>\n

              Always make sure that you verify traffic numbers and are aware of falsified traffic data.<\/span><\/p>\n

              In addition to this, you will need to verify the profit and loss statement as well as check the quality of the backlinks with third party tools like Ahrefs.<\/span><\/p>\n

              Remember, if it seems like a deal is too good to be true, it probably is!<\/span><\/p>\n

               <\/p>\n

               <\/p>\n

                \n
              • Avoid using a difficult domain name<\/b><\/li>\n<\/ul>\n

                 <\/p>\n

                This is a big one. You don\u2019t want to use a difficult and long domain name that someone is likely to forget.<\/span><\/p>\n

                In addition to this, you should try to opt for a .com website if you can, as the average user tends to use this as the default.<\/span><\/p>\n

                 <\/p>\n

                 <\/p>\n

                  \n
                • Don\u2019t take a gamble\u00a0<\/b><\/li>\n<\/ul>\n

                   <\/p>\n

                  Make sure that the website that you are buying and planning to resell isn\u2019t a huge gamble with your time and money.\u00a0<\/span><\/p>\n

                  You need the website to be profitable, as this is the goal you\u2019ve set out. If you\u2019re going to be doing all of the work yourself, you will need to think carefully about what\u2019s worth your time and effort.<\/span><\/p>\n

                   <\/p>\n

                   <\/p>\n

                    \n
                  • Be aware of the competition<\/b><\/li>\n<\/ul>\n

                     <\/p>\n

                    Always make sure that you\u2019re checking out your competitors and are putting the time into researching.<\/span><\/p>\n

                    You could spend a lot of time and money, but if you\u2019re not up to scratch with your competitors, you won\u2019t be in the same league!<\/span><\/p>\n

                     <\/p>\n

                     <\/p>\n

                      \n
                    • Avoid rushing it<\/b><\/li>\n<\/ul>\n

                       <\/p>\n

                      Last, but by no means least, avoid rushing the process. When purchasing websites, you want to be able to negotiate without feeling desperate to reach an agreement.<\/span><\/p>\n

                      If you\u2019re not in a rush to sell your website, you have more time to hold out for a better deal.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

                      Website flipping is the act of acquiring or building a website with the intention of reselling them at a later date for profit. If you\u2019re interested in making some money off a website you have […]<\/p>\n","protected":false},"author":1,"featured_media":9456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,531],"tags":[],"class_list":["post-24276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-web"],"_links":{"self":[{"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/posts\/24276"}],"collection":[{"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/comments?post=24276"}],"version-history":[{"count":1,"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/posts\/24276\/revisions"}],"predecessor-version":[{"id":24277,"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/posts\/24276\/revisions\/24277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/media?parent=24276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/categories?post=24276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.reliablecounter.com\/blog\/wp-json\/wp\/v2\/tags?post=24276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}