Basically, website flipping businesses are on the rise especially through the Flippa online platform. Not to mention, the site flipping business online will be one of the fastest growing online markets in the coming years. Essentially the market always existed but was just overshadowed by its compatriot domain name flipping.
As it becomes harder and more expensive to enter the domain name flipping industry, website flipping is poised to become the next big thing. Everybody fantasizes of being a millionaire either by hook or by crook. But, very few are able to accomplish their dream. If a person doesn’t get the right guidance, he went off his way and, in the end, he gives up.
For your information, there are two main benefits that website flipping has over other industries. On one hand, a website flipping business has a low capital investment compared to the property or domain investment. On the other hand, there are income possibilities whilst “enhancing”.
Although other investments are usually stagnant, (not making any money until the investment is sold) websites flipping business is completely different.
What Is Flippa?
On Flippa, you can buy and sell websites, web businesses, apps, and domains through auctions and classified listings. Simply put, Flippa is an online marketplace that facilitates the meeting of buyers and sellers for the purpose of buying and selling digital assets and businesses online.
Notably, sellers create listings of the asset or business that they wish to sell and then chose to sell them as either a 30-day auction or a classified.
By selecting a minimum reserve (auction) or minimum asking price (classified) that they wish to sell for.
- Auctions last between 3 and 30 days.
- Classifieds have no end date.
Important to realize, listing fees apply for either sale type. In that case, you can check more information about its Fees and Fee Payment, Charges and Pricing.
Regardless of the sale type, all listings must comply with their prohibited content policy (found here Prohibited Content). And all users must comply with their banned behavior policy (see their Banned Behaviour).
Read Also: What is Website Flipping?
In auctions, buyers place their bids. And once the bids reach over reserve the buyer with the highest bid purchases the asset or business.
Please read and learn more from the article on information about bids in auctions. It’s entitled; How can I manage/ accept/ reject bids in my auction? While on the other hand, you can see more details of how an auction works.
In classifieds, buyers make offers to the seller. And when the seller receives an offer they are happy with, they accept that offer and the buyer purchase the asset or business. By all means, you can check out a summary of the differences between auctions and classifieds.
Read Also: How to Make Money Flipping Websites on Flippa
After a sale completes (a buyer has purchased the listing either through a classified sale or an auction sale), the payment and asset transfer process starts.
- Payment can be made either through Escrow.com or PayPal
- Please review the Escrow article for further information about escrow services on Flippa.
- Finally, the assets are transferred between the Buyer and the Seller, and Flippa does not get directly involved. However, they’re happy to provide some advice. Please see more information on Does Flippa help with asset/ business transfer?
If anyone has any issues or concerns with any sale they are involved in, Flippa will try and help. Please reach out to their Support team via [email protected]. Especially, with details of the concern and they’ll contact you as a priority.
Note: Domain classified listings created via the Domain Portfolio Feature have no listing fee, but Flippa Success Fee applies.
Why is it an Important Tool Online?
Flippa was founded by Mark Harbottle and Matt Mickiewicz as the SitePoint Marketplace. And was spun off as a separate website in June 2009.
By 2015, it had traded more than $140 million in websites, domains, and mobile apps. Half of the Flippa’s revenue comes from selling the websites. While the sales of domain names contribute to about 30% of the deals.
The most expensive sale up to date was planetrx.com which sold for US$1,200,000. And the most expensive domain name was stockphoto.com sold by buy-now price for US$250,000.
Other notable websites and domains sold through Flippa have included Mark Zuckerberg‘s former website Facemash, overnight success story, shipyourenemiesglitter.com, and retweet.com.
During the 2012 US Presidential election, the domain name RomneyRyan.com was listed on Flippa reaching US$8,050.00 in bids but did not sell. Next year it dropped and was sold via GoDaddy for US$235.00. In May 2015, flippa.com bought Domain Holdings, the domain name brokerage firm based in Florida.
On August 27, 2015, Potato Parcel was sold on Flippa for $42,000. Previously, the viral website ShipYourEnemiesGlitter.com from creator Matthew Carpenter sold for $85,000.
How does Flippa work?
Making a website is not such a difficult task, but selling a site online is hard. Although, not with Flippa! How is your reaction now that you have come to know that you can make money through website flipping?
Website flipping business is an expanding technology that has made money-making easy to do the task. Furthermore, it just requires a bit of hard work and lots of smart work.
And in any case, there are so many ways you can turn your interests and skills into real cash online. And in that case, working from the comfort of your home.
Flippa offers the following services;
When buying a site with a consistent income you can profit while you are enhancing it. This means that; you’ll then be able to sell it off for more than you bought it for.
1. Basic Website Flipping (Beginners Term Investment)
Whilst not necessarily “flipping” it is still a valuable business model that should be discussed. Essentially this is to build a website from scratch. And generally, doing some promotion and then selling it once it has traffic.
This method takes more time but gives greater control over choosing the direction and setting up an interesting area of the website.
2. Standard Website Flipping (Medium Term Investment)
Above all, this is the most common flipping business model. Essentially you buy a fixer-upper website with some potential, enhance it as quickly as possible and sell it at a higher price.
However, the choice of a website is the most important element here.
3. Advanced Website Flipping (Long Term Investment)
Always remember, many people buy a website for its proven monthly recurring income. And then develop that website as a long-term investment.
Whereas, this type of investor will hold onto the site for years whilst profiting from its income capacity. And thereafter, selling the website once it reaches a market threshold for an increased price.
However, this requires more money and requires plenty of patience and skill.
Which is the Best Alternative to Flippa?
Empire Flippers are the top quality website/online business brokerage in the world. Trust me, you want them to handle all the obstacles that come with these types of transactions. Simply, because there are many.
From my own experience, which has been backed up by the Empire Flippers Employees, many websites sell within a few days to a few weeks after being listed on their marketplace.
For instance, in the last 3 months, 95% of their listings have sold. Currently, they have 74 active marketplace listings that you can choose from in a wide range of prices from over $3,000,000 to under $20,000.
Whether you are looking to purchase an already established website that is proven to earn money or want to sell your website to free up capital, Empire Flippers are there to help. Their intensive business background vetting process ensures that only quality listings are on the marketplace, which is much different than Flippa.
With this in mind, you can start selling on Empire Flippers right away! Or rather use Flippa – #1 platform to buy and sell online businesses.
Takeaway,
As can be seen, Website Flipping is one big-time cause to make some good cash online. But, can you make money by starting or buying a niche website? Or, building it into an income source, and then selling it? In fact, some people do!
You can turn a profit this way, but you need to remember two things. First, it takes some serious work over a period of months or more. Secondly, you can lose money if things go wrong.
Related Topic: The Ultimate Guide to Flipping Houses
Surprisingly, the cost of entry into domain flipping is increasing. Following the sharply increasing valuation of domain names. Whereby, website flipping business has become more financially accessible. Especially, to the average investor compared to domain name investment.
