So, what’s all the buzz about website flipping…do people really make sizeable returns

by taking a pokey, battered old website and reselling it?

The answer is yes they do – but as with everything in online biz that is worthwhile,

it takes a level of technical skill, experience and a little business savvy to reach

the pinnacles that the pro’s have. However, if you do manage it, the sky is the limit.

We’re in the internet era just now – and websites are the houses, sparkling office

skyscrapers and (sadly) shanty towns of the internet world. Internet real estate (as

much as I dislike that term) is here to stay and will continue to create millionaires

in the months, years and decades to come.

The Evolution Of The Internet – From The Dot Com Boom And Bust To Today’s Cool

Tools For Site Creation



A decade or so ago, websites were perceived much like air travel in the fifties – they

were really reserved for the rich and/or famous. In fact, prior to the dot com boom in

the earlier years of this decade, investment banks and the clueless managers who ran

them would almost back any old start-up company as long as it had a dot com presence.

Even (or should I say especially) if the business model made no sense, was seemingly

written by a child and had serious flaws..



During the dotcom boom (while I was wrapping up my banking career), I saw companies

given the green light for investment that I’m quite sure no-one reading this would

have backed – for example Pets.com who were given so much financial backing that they

splurged on a multi-million dollar superbowl ad, bought an inflatable balloon slot for

the Macy’s parade and squandered the rest of it’s money in all sorts of idiotic ways.

A few months later, someone in management took off their dunce cap long enough to

realise that actually, products like flea lotion and kitty litter have a pretty low

mark-up and that because they took about 4 days to deliver goods, people would rather

walk five minutes to their local pet shop to buy what they needed. The company

promptly folded, after losing investors a boatload of cash.



Today, it’s a different story – the website industry is booming and the beautiful

thing is that the internet has evolved so that the smarter but smaller guy and gal

have a competitive advantage in having a website business over the big guns. While

website/blog design still requires technical aptitude, we have more tools, software

and resources to be able to put out good looking websites and blogs – one’s that can

stand up proudly against anything that a Fortune 500 company can whip up.



Of course, an alternative to building sites to resell is flipping them – buying

established sites at a low fee, doing them up, and then reselling them for a markup.

In some ways it’s a lot like real estate investment. That’s what we’ll look at next.



So, What Sort Of Things Do You Need To Know About Before Flipping Websites?



The answer is, a lot. You would not enter the world of site flipping under-prepared

any more than you would get into the real estate investment industry without a sound

understanding of how it all works (unless possibly you’re pets.com). To get into

website flipping, you’ll need to understand how the industry works. You need to set

out a clear plan on how much you expect to yield through your site flipping efforts,

and where to pick-up websites on the cheap (and where to resell them).



Make a start - learn about website flipping and what skills and knowledge you need to

do it to earn a living. Then give it a go - you may be surprised at what you can

achieve.

--------------------------------------

Free - Join The Thousands Of Successful Entrepreneurs Who Have Set-Up & Grown Their

Internet Business For Free With Internet Business Entrepreneur:

http://www.digital-resale-rights.com/ibelifepass.htm