Build or Buy a Website

The first step of the process is to actually get a website. You can do this by either buying a website or by building a website from scratch. If you choose to build a website, the biggest challenge will be getting traffic to the website. If you choose to buy a website, you’ll have to invest upfront cash. Your goal from that point is to increase the revenue so you can sell the site for a profit.

Add Value

The next step is to add value to the website. If you just want to make a few hundred dollars, this can look like you just building a site for someone. Create the design, the page setup and 10-20 original content articles. Then you can sell the site for a few hundred dollars. The reason people will buy the site is because it saves them the time and effort of building a site from scratch. If you’re buying a site with pre-existing traffic, the goal is to increase the revenue of the site. You can do this by increasing conversions, by adding backend products or by getting more visitors.

Sell the Site

The final step is to sell the site for a profit. If you’re just selling a brand new site with no traffic, your site will likely go for about $100-$500. If you’re selling a site that’s making money, you’ll usually be able to get 10 months of profit upfront. For example, your website is making $100 a month; therefore you’ll get $1,000 for the website. That’s website flipping explained in brief. The whole process can be summed up in three steps: Buying or building a site, adding value and finally selling the site. If you do each step properly, you’re sure to make a profit.