Did you know that you can make a lot of money online by selling websites? That’s great if you already have a website to sell, but what if you don’t? Well, here are 7 steps to go from zero to hero by getting involved in the site flipping business for big capital returns and minimal outlay. This business doesn’t require you to go out and spend thousands on real estate, you can get going for next to nothing and it’s easy.

1) Choose a niche. Preferably a profitable high paying niche so you load the dice in your favor from the outset.

2) Register a domain name. You can do this for less than 10 dollars. Yes, you really can have your own ‘.com’ for less than 10 bucks.

3) Do your keyword research and compile a list of long tail keyword phrases you can use to build your own site

4) Get reliable, cheap hosting so you have a space on the world wide web to upload your site. Choose a host that allows you to use unlimited domains. You can find hosts for less than $10 a month also. This means you can get started in your first month for less than 20 dollars.

5) Build your site using an easy to use site building tool that doesn’t require a Harvard degree. If you’re proficient you can use a template and a normal HTML editor.

6) Promote your site to get regular visitors. You want to concentrate on getting targeted visitors and organic traffic using a mixture of promotion methods.

7) Monetize your site and establish an earnings track record then use this as proof for selling websites in a top online marketplace for a very tidy profit.

There is a saying that says “buy low and sell high”. Have you ever heard of it? Well, the old adage is especially true in buying and selling websites. Let’s face it, there are so many people out there who can build a web site. Most skilled web developers can put up a website that looks great and is SEO friendly in about 20 minutes. How do they do this? Believe it or not, who cares? They build great websites and sell them for dirt cheap because they don’t know how to get the site profitable and sell it for big bucks. How are you going to to it? I am glad you asked. Pull up a chair and let’s get started.

Finding a site is not too hard if you know what you are looking for. If you go to SitePoint’s marketplace, look around at completed auctions. Make a list of the winners and selling points. You will have a list of website topics that are constantly raking in the cash. Now take your list over to some webmaster forums. One such forum is Digital Point. You will see tons of sites for dirt cheap. Look for those that match your “hot topics” list. Before you buy the site, we’ll go into some criteria for making a selection.

First off, does the seller have a good reputation? Look for sellers with lots of positive feedback. This won’t guarantee the quality, but it helps a lot. Look at the domain name. Domains that are at least 6 months old are desirable and I try to buy only .com domain web sites. Look at the design and content. If the content is readable, that should be good enough. For your first flip, look for something under $100.

Once the site is yours, fix all the grammar and spelling errors, fix formatting and whatever looks bad. Now, go and promote the site and get traffic and income will follow if you have great offers. You could also use Adsense to get money for surfer’s clicks.

Once the site has traffic and income, you are ready to sell for a nice profit over at SitePoint. Simply repeat the process and build your business from there.