Wednesday, July 29, 2009

Beginner's Guide to Flipping Websites

An easy yet effective way for beginners to make money online is through flipping websites. Website flipping involves creating and developing a website for the sole intention of selling it after a while. This time duration can vary from less than a week to a couple of months. Let's look at a few things that you need to keep in mind while building and selling such websites.

* Choose a niche
The first step is to choose a niche that has a lot of demand. The best way is to visit marketplaces like Webmasters Marketplace and see what's selling. Then you can choose the niche you are comfortable with. Health, sports, finance and travel generally do well. Choosing an appropriate niche is important as you don't want to develop a website that is hard to sell.

* Register a domain and webhosting account
You need to choose a domain that has the best keywords related to the niche of your website. You can choose a famous domain registrar like Godaddy, Name, etc. to register your domain. Most of these companies offer coupon codes through which you can get domains at discounted prices. You should preferably go for .com domains as these domains are valued more than .net and other domain extensions. Once you have purchased a domain name, you need to register for a webhosting account. Hostgator is a good webhosting company. Again, look for a current discount code. Choose an account that allows you to host multiple domains as you would require it in future. Once you receive the information about your hosting account through email, you should make appropriate changes to the nameservers of the domain.

* Create website
Starting a WordPress blog is the easiest way for a beginner to create a website. It doesn't require any programming skills and you can simply create a great looking website. Also, there are a lot of free templates and add-ons to choose from. You also have the option to set up your content as pages instead of posts. So, you can create a normal site as well as a blog with WordPress. It is important to create fresh content for the website as no one would purchase a website with content copied from other websites. In order to create unique content, you can take some idea from other sites on the same topic and article directories but you should present original information. You should at least add a few pages of content to the website.

* Monetization
The value of your website depends on how much money it can make for the buyer. If you have an AdSense account, you can add AdSense ads to the website. This way, you can make some money through clicks and it adds value to the site.

* SEO
Basic SEO of the website is necessary as your website would not make you much money if it is not even indexed in search engines. So, you can follow some simple SEO tips like forum posting, blog commenting, social bookmarking, etc. This will also result in some backlinks and it will have positive effects at the time of selling the website.

* Selling website
You can list your website at various marketplaces for selling. Try to set a price such that it is not too high but makes you enough profit. You should also list some plus points of your website at the time of selling it so as to present a positive picture of the website.

I am sure website flipping can make you some early online money, or act as a full time money channel in the future.

Sam Seth is a search engine marketing professional for Webmasters Marketplace, the webmasters first choice venue to buy and sell websites, domains, and much more.

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