People are creating online home based businesses in increasing numbers and new offline enterprises as well as some veteran ventures are also joining the world of Internet marketing. However, many of them have one thing in common, and that is, they don’t have a website and they don’t have any idea how to build one.
So as an Internet entrepreneur this is where you enter the picture by offering to sell them a site that you’ve created and developed just for this purpose. Flipping websites can be equated to flipping houses offline with the main difference being the former is virtual real estate and the latter is brick and mortar real estate.
Creating web pages or purchasing existing sites and further developing and monetizing them for the sole purpose of re-selling them for a profit can be a very lucrative online business model. You can approach this endeavor by focusing on developing, monetizing and ranking these pages over time or you can make some fast cash by flipping your websites quickly.
Your short term sales would concentrate on the look and brand ability of the site while not being overly concerned with traffic, sales and ranking within the major search engines on the web. However, your return on investment will be considerably lower than it would be from a long term sale.
A long term flip can generate revenue of up to 200 times your initial investment while with shorter term sales you may close several deals in a single week. For example if you build a website from scratch, monetize it, drive traffic to it and develop an income stream from it, and you do this for three or four months you can expect a pay day of anywhere from $3,000.00 to $10,000.00 for each site you sell at the end of this time period.
Short term flips may generate revenue of $200.00 to $400.00 per sale depending on the niche and the current market value, however if you make 3 or 4 sales per week you can generate a significant monthly income from this strategy. A great way to start is by researching the various website flipping market places online to find out what type of site is in demand and what kind of price it’s commanding per sale.
Whether you decide to go for the higher returns from the long term strategy or if you choose the quicker, all be it smaller, returns from short term sales you should always try to increase your web page’s value by creating a unique site which is monetized and has some traffic flowing to it on a regular basis.
If you concentrate on these three critical factors and keep a close eye on the market place then you should enjoy nothing but success with your website flipping home based business.
