Website flipping is one of the most profitable, enjoyable and simple methods of generating a full time income online. Even if you have little to no prior experience in virtual real estate, you can still build a profitable business in a very short amount of time.
Depending on your experience, ability to outsource as well as your overall goals, you may explore multiple website flipping avenues, including:
Short Term Website Flips
(purchasing or creating websites and cross selling)
Long Term Website Flips
(purchasing/creating websites, establishing and selling)
Mid Term Website Flips
(purchasing undervalued websites, renovating – flipping)
You can also make money flipping blogs and domain names, as well as established websites.
Regardless what your overall goals are, starting off with low cost, short-term website flips is often the best way to minimize risks as well as being able to learn the ropes so that you can develop a strong business foundation for future development and sales.
It’s important to take a hands-on approach to website flipping even if you intend to outsource a majority of the work so that you are able to gain personal experience in the industry, and be able to identify market shifts, changes as well as current demand.
What is hot today can quickly become saturated or outdated tomorrow and in the website flipping arena, you need to be quick on your feet and able to adapt to abrupt changes in order to consistently sell your websites.
Once you have gained experienced, and have a better understanding of the website flipping market, you will be able to focus on long term website flips, as well as cross-market selling.