Question by : Flipping websites business question?
I work from home. I buy cheap websites that don’t make much money, make the site better and have it bring in more money, and sell it for profit. For model, I recently bought a poor site for $ 2000. That means it was only making $ 200 a month ( you sell your site for 6-10 era what it makes per month). I added some money making programs, added seo, marketed, and within 1 month with buying it, it made $ 5000. Then I sold the site for $ 45000. So I have this business, but I want to start a company dependability this, and have a brand surrounding the work that I do. The problem is, what kid of company would it be? What would the company do?
I don’t want to advise website owners on how to make their site better, I want to buy sites from public, fix them up, and re sell them for profit to other public, but im not sure what kind of company would this be? Maybe a company that buys websites?
Best answer:
Answer by J Holl
Your business thought seems very similar to real estate flipping or even business flipping. So perhaps a model based on or similar to those models. Perhaps you are a Website Acquisition Expert, A Virtual Real Estate Expert, A Virtual Agent, A Virtual Shareholder / Broker. If anyone questions what you do you austerely say ” I find Virtual property that is either underfunded or poor performing, I apply my skills and resources into the property and turn them into a profitable organization for a nice profit.” You may be able to find investors who would place up their money instead of yours for a piece of the action.
It’s pun I’ve never heard of your kind of business before until I had a url that I bought on Godaddy for a business I had. I never made any money with the business. But, I had a man from TX asking me if I would be willing to sell my domain. I thought he was scamming me. But with everything was said and done. I received a nice pay off of $ 650 for a site I paid $ 10. Not terrible I thought considering I only owned the domain for about 8 Months. If I could have 10 of those sites every month that would be nice.
Even if you started a group of a few investors who each pooled their money together to buy a few of these domains or sites. You could possibly make a nice return for yourself with no risk and a nice return for others. Something to reckon about. If you have a proven footstep record it would be an simple sell. How many more sites could you buy if you have more capital? Excellent Luck
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