Flip website for profit

Like most people, you have heard of moving houses. The idea behind this is simple. Start by locating a promising repair property. You then buy the property and work on it. Finally, after renewing it, he puts it up for sale, aggressively searches for buyers, closes the deal, and hopes to make a profit.

If you’ve ever watched one of the TV shows about flipping, you probably found it quite appealing. In most cases, they renew in a short period of time; and then close the sale in a matter of weeks. In a short time, they seem to have made a profit without taking any risk.

In reality, however, you know that selling houses is not always a profitable business. If you are not a qualified renovator or if you do not time to market correctly, you could end up selling at a loss or be stuck with a property that will not sell. To see this happen, you don’t need to look beyond the most recent recession in the US, where real estate speculators and fins were left with massive amounts of debt and houses that rapidly depreciated in value.

Now this information alone might be enough to make you reconsider the idea of ​​”flipping” completely. However, there is good news: there is another type of change you can make and it carries considerably less risk; and it plays specifically with your skill set, not the skill set of a property developer or renovator.

That’s right: I’m talking about changing the website. To do this successfully, all you need is a keen eye for bargains, internet marketing skills, basic site development skills, and a willingness to learn.

If you do it right, the change of site offers you the possibility of winning a large sum of money and without risking a lot in the process. Instead of taking out a mortgage of several hundred thousand dollars, you can deposit $ 1,000 or less of your own money at a site. And instead of spending months searching for a buyer for your site, you can do it in a matter of days.

When it comes to changing sites, there are many different ways to earn money. However, one of the most profitable approaches to flipping involves taking a successful site that is not monetized; and then improve your monetization.

This approach works well for the following three reasons:

Reason n. # 1: Sites are generally sold for 8-11 times the monthly profit

Consider two sites that are identical in terms of the revenue they generate and the products they sell, but one receives three times as many unique monthly visitors. Surprisingly, in many markets, these two sites will sell for the same price, as they both generate the same amount of monthly profit.

This creates an excellent opportunity for bargain hunters like you: Recognizing that one site receives three times more traffic than the other, you know that if that site had a higher conversion rate, then it could generate more profit than the other. From there, it is simply a matter of determining if there is room to improve the monetization of the site.

Reason n. # 2: monetization can be improved quickly

The most difficult and time-consuming parts of building a successful website involve generating traffic and creating content that retains consumers and promotes return. Once you start driving traffic and solidify your brand with outstanding content, everything else you do can be summed up as a form of monetization.

Monetization is usually quick. It involves running AdSense ads or hiring a freelance writer or developer to create a product. It could also involve creating a newsletter to retain and convert readers.

In short, getting more traffic and better content is difficult and time-consuming, but monetization is not. This means that if you find a poorly monetized site, you will be able to make all the necessary changes in a short period of time; and then turn it around in a matter of days or weeks.

Conversely, if a site is well monetized, but isn’t getting traffic or has no content, it could take months or years to turn it into something you can sell for a hefty profit.

Reason n. # 3: monetization can be improved economically

Another benefit of finding sites that are poorly monetized and switching them is that this tends to be less expensive than other methods. As an example, consider purchasing a well-monetized, low-traffic site.

To increase the amount of traffic you receive, you would have to pay to list it in directories, buy articles for an article marketing campaign, and spend hundreds on various traffic-generating campaigns.

Rather, monetization can often be improved through very inexpensive (and sometimes even free) means. For example, improving monetization can be as simple as adding AdSense ads or placing existing ads in places that are likely to convert better.

In short, buying poorly monetized sites and improving monetization is the cheapest and fastest way to switch sites; and consequently, it is almost always the most profitable way.

For these reasons, it is vital that you learn how to spot a poorly monetized site; and how to correct any errors it finds.

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