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Buy
and sell websites is on of the most underrated and
predictable,
surefire way to make money on internet. The main reason could
be
that most people out there look for easier and quick way to make money
than something more sort of stable online business. Any business or investment needs time to reap the rewards, whether it's the real estate, the stock market or any other investments.
Make no mistake a website is like a virtual real estate. Lot depends on how the website is developed. Throwing up a great looking website is not a big deal these days. Even noobies (like me few years ago) can do it. Thanks to the great web design softwares and tools available today.
Watch this video to realize the real potential
Video courtesy : www.buyingandsellingwebsites.com
So, What can be the Business Model for Buy and Sell Websites?
-
Build a website for very specific niche market (or buy an existing website that needs some improvement). Re-design the website as per the plan.
Develop the website. Figure out how to increase the traffic and revenue of that website.
Run the website for about a year.
Sell the website for multiple times of your investment and earn gnuine income online.
No, buy and sell websites is not easy if you don't know the answers to the basic questions of how, what, where ans whom.
The "trick" is knowing exactly HOW to do each of these steps and then knowing how and where to sell the website for an incredible amount of money. The “where” to sell is what 99% of website investors get all wrong.
Get your website flipping start up kit here.
Should You Buy an Existing Website or Make a Website for sell?
Make a Website from Scratch and Sell
Honestly, you can choose any of this. If you want to make a website from scratch, your one and only intention is to sell at a later date. If you opt for this then your investment is just minimal for a $60 webhosting account with a free domain name for one year.
If you are taking this model obviously you need to put lot of efforts on design and development of the website. This will include niche research, content building, full SEO, monetization and most important generating sufficient traffic.
Of course there will be some more expenses like directory submission, PRWeb submission and some more traffic building exercises.
Make your mind that when you are in a business of buy and sell websites you need to give sometime and efforts on that. This sort of business model is not a ‘get rich quick’ type but a real business.
Making a website from scratch to sell
Buy an Existing Establishes Website, Redesign it and Sell
This is an interesting business model. This is also known as website flipping. The business model is purely dependent on your skill and knowledge to identify that rough diamond, cut it polish it and then sell it in thousand times the cost.
Here your investment stake is bigger and so the theoretical risk.
Here are some points you need to ensure before making a buy decision for a prospective website.
- You must know what kinds of sites to look for and what to avoid.
- Where to find websites for sale.
- Best types of sites to buy.
- How much to pay for a website.
- How to transfer the funds to the seller.
- Fraud checklist to make sure you don’t get scammed.
- How to verify the facts & figures the seller provides (due diligence).
- How to write a purchase agreement to protect you.
- Should you use a lawyer and accountant?
- How to find rundown sites and buy them for pennies on dollar.
- Negotiating tips for getting the best deal (cheaper prices, payment terms, etc).
Want to Sell Your Website? What should be its value?
Do you know your website worth? Know your website worth here. This is just an indicator and no way reflects the true value of your website/business.
Normally the thumb rule is 10 times your average income for past 6 months. So, if your site is making $100 per month average in profits and you sell the site for 10x earnings, your sales price would be $1,000.
Points you must bear in mind while selling websites:
- Go over legal issues such as starting company vs just doing it on your own.
- Who you should have on your team when it's time to sell.
- Explain timeline of ownership & taxes.
- Should you use a broker to buy or sell websites?
- How risky is this business idea? (Hint – I show you how there can be NO risk)
- Why should you sell a site when it is making good money?
- How to plan the sale of your site from day one.
- Get your mindset right, motivation, take action, and focus on the end prize.
Video courtesy : www.buyingandsellingwebsites.com
Where to Buy and Sell Websites?
The best place to buy and sell websites is Flippa Market Place. There are also numerous websites providing the brokerage service. I personally prefer Flippa due to the high quality websites and scam protection with verified profiles of members.
Flippa allows you to auction your website with or without a reserve price, allowing your listing for 30 days. This cost you about $20 to $50 per listing depending on the advertising feature you are choosing.
There are some more resources like www.buysellwebsites.com, www.websitebroker.com etc.
Why Not Make Your Buy and Sell Websites Business Risk Free and Successful?
I recommend a great training course on how to buy and sell websites by the renowned website flipper Justin Brooke. The whole training course was costs you $97 per month for 5 months or $497 ONE TIME. I promise that you what you get is just superb! It’s a true value for money. One thing at least you’ll never repent.
You are expected to get the complete handsfree knowledge of all the above areas I discussed
This is NOT a get rich quick
system however. As
you can see above, each time you go through all the steps, it will take
you anywhere from 6 to 15 months. This business will take time and
effort to get to the level we are at right now…
But the payday (when you sell the sites) is well worth the effort and time involved.
How To Build New Websites For Next To Nothing To Resell...
Two of the three websites I talked about at the top of this page were done using this technique. They were websites we started from scratch, built them up and successfully sold them. One sold for $55,000 and the other $100,000. Obviously this technique works like a charm too, so don’t worry if you aren’t able to buy a website. You can just build one (or have one built for you).
Here’s a video that talks about building websites and how you can get started using this technique…
Video courtesy : www.buyingandsellingwebsites.com
The basic formula I teach in the full training class for the building websites section is:
- Pick a niche topic first (choose 3 of your favorites)
- See how many ads in google for each niche
- See if there are any affiliate programs available
- Is there something you can create that’s unique only available through you
- Are there other websites with traffic/mailing lists you can partner with
- Are there enough things to write about continuously.
- Do some quick keyword research
- Only pick something that is proven…new ideas typically leads to failure
- Buy domain name
- Buy hosting
- Setup website on hosting account
- Make an outline of topics you are going to cover on your site
- Start creating a product and/or writing content
- Setup autoresponder if your niche would benefit from one.
- Start getting links to your site.
- Start buying PPC ads for cheap traffic in google (depending on your site topic)
- Have some decent graphics made to make your site
look more professional
(easier to sell that way – my “dream
team” can help with this).
- Should you build a network vs one site?
- How to build value for your website visitors & ultimately the buyer of your website.
Best of Luck! For your buy and sell websites venture.
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