Is Website Flipping A Profitable Business?
July 2nd, 2007 by Liz
The below article was written by me (Liz) to start the promotion for www.SellMyNiche.com Article marketing is a great traffic tactic, and one that we will be using a lot to get traffic into www.SellMyNiche.com which if you read our last post at mysevenfigures.com/sevenfigureblog/a-new-journey You’ll know is the top of John and I’s first real marketing funnel for 7 Figures LLC
Enjoy the article, and then come on over to www.SellMyNiche.com and get your free membership so that you can learn to start a business with buying and selling websites!
Is Website Flipping A Profitable Business?
It seems that everyone is running around like a chicken with their head cut off in this big sea of “income opportunity”. The whole “make money online” propaganda is at an all time high and literally thousands of people are falling for scam after scam. People are losing money each and every day!
If you’re one of these people that is chasing after the get rich quick dream, it’s time to wake up. There’s no such thing! However, creating your own online business that will allow you to work from home and make money is not a dream. It can be a reality once you quit chasing dream after dream in your “get rich quick” state of mind.
Building a business online or offline is not easy. Building an online business, takes less money, less people, just about less everything, but it still takes just as much work as starting an offline business. You simply have to pick one business model and put it into place.
Would you run out and try starting 10 different offline brick and mortar businesses? Of course not, so why do that online. Pick one thing and go for it! By starting with just one business, you’ll be 100 times more successful than you would with 100 different business. Once you get one business started and profiting, then and only then do you want to try to start another business.
For instance, an online business that I run is a VRE (virtual real estate) business where we buy websites, fix them up and sell them for way more than we paid for them. It’s called website flipping.
Kind of like house flipping, but this real estate doesn’t carry much risk, and it’s virtual. Websites are online real estate, and there’s a lot of money to be made with them. As long as you have a solid plan, and the know how, you should do perfect with a website flipping business.
The first thing you’ll need to know is where to people buy and sell websites. Second, you’ll need to know how to spot bargains and snatch them up to resell. Besides these two things, you’ll need some “tech” experience, or have the funds to hire someone that does have it. Last but not least, you’ll need the drive and desire to be a super project manager who can get things done quickly because website flipping is a very fast paced business.
Once you have the resources, the “tech” know how you need, and the drive, you are well on your way to starting a profitable online business with website flipping, but do know that there is a sharp learning curve, so you need to learn as much about website flipping as you can.
Although website flipping is much less risky and cost much less than house flipping, you could still lose money or get taken. So before “playing the game”, make sure you know how to plan and the rules to follow.
Liz Tomey runs www.SellMyNiche.com where she educates people on buying and selling websites. Although her primary focus is showing people how to flip websites, her site covers everything from website flipping to buying websites to simply profit from. She has a very extensive free course where you can learn the ins and outs of buying and selling websites at no cost at www.SellMyNiche.com