Guide to Website Flipping - Part 1
As promised a couple of weeks ago, this post begins a series of articles on the subject of Website Flipping. At it’s simplest level, flipping a website involves the following steps:
- Find a site to purchase
- Evaluate, negotiate and complete the sale
- Add value to the project
- Find a buyer and make a sale
Finding a Site to Purchase
In order to narrow your focus a little, it’s a good idea to decide on some sort of specialisation. Perhaps there’s a particular type of site that you already have experience with - forums, blogs or e-book sites for example. Buying in an area that you’re already familiar with will give you a much needed step up the virtual ladder, at least over somebody who’s a stranger to them. If you don’t have existing experience then sites that provide a service like image hosting, file storage, content resources, tutorials etc may be a wiser investment. E-commerce sites that sell an actual product are also good to work with.
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