Make money by buying and selling websites

Posted on : 08-07-2009 | By : Ron | In : Money | Comments: No Comments

Buying and selling websites can make you a decent amount of money if you know how to do that properly. I have brought and sold several websites over past few years and made a decent amount of money. You must have some knowledge about HTML, PHP, MySQL etc to take full advantages of flipping websites. There are several popular websites where you can easily buy and sell websites. The most popular of those are Digitalpoint marketplace and Sitepoint marketplace. Sitepoint recently shifted their marketplace to another website named Flippa. The most interesting aspect of Digitalpoint is that it is completely free and you do not have to spend any money to sell or buy websites other than the listed price of the websites. You can list your websites there for free and set the listing as auction or buy it now (BIN). You should always set a starting BID amount and BID increment to help bidders. Try to include as many information as possible about your website to help the interested buyers to start bidding. Also you would be able to answer bidder’s queries via private messaging or posting in the listing page. Once you have reached an agreement with a bidder to sell your website to a certain amount, the bidder will pay you and you will transfer the domain and the necessary website files to the winner. There are several ways to transfer money to complete the transaction like through Escrow, Moneybookers, PayPal, etc, but PayPal is by far the most widely used in this kind of dealings. Once you finished the transaction you can rate the deal by awarding the winner with itrader points. You can award three types of itrader points to the winner of the deal – positive (+1), neutral (0), and negative (-1). The winner also may award itrader points similarly to you. The more itrader points you have the more reputation you will earn in Digitalpoint which helps you a lot in the future.

You can easily buy websites in the Digitalpoint marketplace for cheap if you look thoroughly the listings. You can even buy websites less than $10 in the Digitalpoint marketplace. The most annoying problem with Digitalpoint is that it is full of low quality websites. Everyone trying to sell websites that are of very low quality to make quick bucks, so finding a better website to buy is hard to find. But, if you are patient enough you will be able to find interesting websites to buy. Another problem with this site is that it has a lot of scammers who will try to scam you by various means. That is the reason why you need to have higher itrader points, as most of the scammers on the Digitalpoint have very low or no itrader points. That is why you should always be very careful while dealing with someone who has very low post counts or itrader points, but there are also many genuine members at Digitalpoint who has very low itrader points. So, always try to gather as many information as possible of the buyer before finishing the deal with someone. Flippa (formerly Sitepoint marketplace) used some measures to minimize the scammers. You have to pay a small amount of money to list your website at Flippa, and you also may need to pay a fraction of the deal to Flippa. You can also pay some money to promote your website at Flippa. As you have to pay some money to sell your website the quality of the most websites selling at Flippa are of better qualities than Digitalpoint. If you have a better website then you should try to sell it at Flippa as you might get a better deal than Digitalpoint. Digitalpoint are full of cheap buyers and you have to try hard to get a better deal. In comparison Flippa has more quality buyers. Both the websites Digitalpoint and Flippa are quite popular and you should check them out if you want to buy and sell websites to make some money.

Almost every types of website are sold at those marketplaces, and you should have some idea which type of websites you want to buy. You can buy a new website and try to make it popular by your hard work, or you can buy an established website to make money quickly, but you have to pay a lot if you want to buy a premium website. The websites are ranked mainly by their revenue, traffic and popularity. The newer websites might not have any revenue sources or traffic. Most websites are usually sold at 10-15x times of their monthly revenue. You should always research a website and ask for proofs of income and traffic before you buy that from someone. If you are good enough and knowledgeable you can easily make some money by flipping websites and if you are a newbie then you should take your time to learn the tricks and tips by searching and browsing those websites. Both the websites Digitalpoint and Sitepoint are full of information. They have thousands of members and many of them are very knowledgeable and regularly contribute in those forums. Try reading various threads and you should be able to learn a lot of things very quickly. Many of the members are very helpful, so always ask questions if you have any doubts. That’s it for today guys, have fun!

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