Website flipping is not a simple task but it is lucrative. You can pull off a mega deal if you are creative and smart enough in the business. I have seen some pro internet marketers who developed a website from scratch to popularity; sell it for huge amounts and move on to another project. The factors a seller will consider before buying a website from a seller include:
So before you begin the process of selling, you should prepare documents to bolster your claims. If a buyer requests you to present concrete evidence, you won’t be caught unawares.
How can you sell your website for profit?
Step 1: Find a client
If you want to sell your established website to another person, you should look for places where you can get prospective buyers. You can use public auction or private sale. Website-for-sale marketplaces or auction sites include Flippa, SitePoint, Freemarket and so on.
Step 2: Bargain the price
If you are listing your site at an auction site, ensure you set your reserve price as the least price you can go for. When a buyer submits his bid, you don’t have to accept a bid that does not satisfy your goal of high profit margin. So get ready to use your negotiation skills to cut a lucrative deal. Imagine investing just $250 to a site and selling it off for $500! That’s $250 profit, all for you at 100%.
Step 3: Accept bids in good faith
If you are selling your site on an auction site, you are required to sell to the buyer with the highest accepted bid. Therefore you should only accept offers from those buyers you are comfortable selling your website to. In a private sale, the bid ends once you accept a bid. Endeavor to research prospective buyers before accepting their claims.
Step 4: Complete the sale
Now that you’ve got a bid that you are happy with, then you can proceed to finalizing the deal. Get paid by the buyer. Transfer control of the site to its new owner now. Then move to the next project. Buy another site and flip it for money. The more sites you buy and sell, the greater your income.
Website flipping is a proven technique of making serious money online. However, it requires some efforts and consistency in order to break through in this business. That is why you must understand how it works. So are you prepared to venture into website flipping?