One of the best and easiest way to start making money online is by flipping. Basically, flipping means buying something at a lesser price and then selling it at a profit. There are several websites where you can do that but the most popular ones are Flippa and Sedo. Flippa is most popular when it comes to selling websites and Sedo is good for domain selling.
However, if you want to reach a big number of audience, the best website for both websites and domain is Flippa. Signing up on Flippa is free and international users can also register on the site for free. The only thing you need to do is to verify your identity through your mobile no and Paypal, if you choose it as one of your payment options.
There are thousands and thousands of domain and websites listed in Flippa in almost all categories. You can plenty much find any kind of domain name or website of your interest. There are two ways to go about buying a website or domain in Flippa. You can bid or make an offer.
Making an offer is usually best if you just do not want to waste a lot of time looking for a website. Bidding is best if you are willing to wait for sometimes or until the bidding period is over. You can also privately contact the seller to request for the minimum amount of money he or she is willing to accept.
How To Find the Best Website or Domain To Flipp
1. Set Your Spending Limits
The first thing you need to ask yourself is how much money you are willing to spend on the offer. Buying a website or domain does not always guarantee you will sell it at a profit. In some cases, you can buy a website to realize later it was not even close to what it was advertised. Setting your spending limits allow you to spend what you can afford to lose incase you are not able to sell the website at a profit.
2. Decide the Kind of Website You Would Like to Buy
Are you looking for a niche site or a general website? What is the current trends of the main keywords of the website you plan to buy? Does whatever is being sold on site has an expiration date? Are the products frequently changing? Is this a new site or an established one? Does this site aligns with my interest? These are some of the few questions that can help you decide on what type of website to buy.
Once you have put the two main points in mind, it time to browse through looking for a good website/domain to buy. As a general guideline when searching for a domain/website to buy, ask yourself the following questions;
- What is the reason given for selling this website?
- Is there a dramatic charges in traffic – analyse the traffic data properly.
- What revenue and traffic proof is provided – look for real screen shots showing the revenue or traffic from the website.
- What payment method is the seller accepting?
- Check the sellers’ profile. What kind of feedback does the seller have from previous listings.
Once you have found the kind of website you would like to buy, contact the seller and request for other information, if what provided is not enough. If you still feel you are not satisfied with seller’s answer, you can always hire a professional to guide you before making an offer.
3. Make an Offer
Once you have decided the kind of website to buy, it is time to make an offer. The key is to start with your lowest offer but to make it high enough to get the seller’s attention. Not so low and not so high. Try to give reason of why you are offering that kind of money by pointing out some of the website’s problem. Make sure you also let the seller to understand you are willing to pay with his or her preferred payment option.
Once you are through the negotiation process, the next step is to pay for website. Most sellers do offer website transfer for free. So, even if you do not have the technical know how, it is most likely the seller will help you in transfering the website to your control panel.
Once you have the website, you can now decide to either re-list it immediately or work on it to increase traffic and then sell it later. If you are busy and you do not have time to work on the site, you can always hire someone for a small fee to do the work for you.
Once you see the website has gained more traffic or it is doing well in terms of revenue, it high time to list the website for sell. The goal here is to make sure your website fetch as much money as possible. If you hired someone to update or to redesign your website, make sure you are able to recover back the money when selling the website. If you still find your website is not fetching as much money as you would have liked, you can always wait for a few more months to list it.
Conclusion
Flipping website/domains is usually one of the easiest way to make money online for the experienced folks. However, it is not always easy, especially if you are just getting started or you are a newbie. Proper knowledge on how to go about doing it and thorough background check of the website as well as the seller is required inorder to be able to find a perfect deal. You can also hire a professional to find for you a good website, if you are not sure of how to go about finding one.
