I finally had a day to just chill out so can resume with the normal posting, unfortunately my laptop has almost died so cannot use instant messenger or email very well for the moment. There’s still time to put in questions - I’m not sure whether I’ll answer them in one post or use each as individual posts as there have been very good ones asked.

Anyways, continuing on the site flipping theme… let’s get started. Those of you that are entering the contest can register your domains - I’ll have a full post with all rules soon. At the moment, the only sponsored prize is $100 in listing credits by Sitepoint themselves (which is pretty cool :) ), but I’m looking at contacting some people that run site flip courses to see what happens.

In website flipping, custom is key. You CAN sell a brand new website for $1,000 - do not listen to the idiots that say it isn’t possible as they have never tried it. However, of course attaining that kind of money will not be easy, and will involve a fair deal of work as well as some luck - it is possible though, and I know this because I have done it.

The thing with ‘common’ websites - that is, the websites people start out with - is that they will eventually get saturated. When I started out with proxies, you could sell a proxy making a little amount of money daily - a few dollars - for $500 or more, as long as it had traffic; now this is pretty difficult, and it’s hard to see many proxies going for more than $100 these days.

I’m talking about flips - that is, 1-2 month or less old websites, not longer term ones.

Similarly, with eBook websites - you could sell a product, get around $100 in sales and the flip the whole thing at Sitepoint for $1,000 or more - however, of late this too has become saturated, and new eBook sites are selling for 1-3x a month’s revenue, usually at the lower end of the scale.

This will be the case with blogs too. Flipping blogs setup with a customized version of the Revolution Theme and a few articles may net you a few hundred now, but over the course of the next month and a half this too will get saturated. Now that people have seen it is possible - mainly due to Bryan at SFU and his amazing $1,000 in 24 hours flipping frenzy - more and more people will start doing this. That very same day, I had more than ten online friends tell me that they would be trying it out - can you see how this can get saturated real quick? Too many people doing the same thing, and profits reduce as buyers start paying less.

This is why you have to go custom.

Let’s talk about blogs… those of you with blogs of your own will probably have thought about selling them at one point or another (unless it’s say - your name).

A lot of you will be on free themes.

Adding a custom done Wordpress theme to your blog - which can cost $100 or less - can raise the value of your blog by more than $500, especially if the theme looks kick ass.

Similarly, adding a script to a niche website of yours, one that performs a simple function but one that would be extremely helpful to your users, can add another zero to the end of the price you’ll get for your website.

Of course, some of you can’t code or design (so you won’t be able to create a custom script or theme).

However, you can always outsource. You’ll find pretty cheap coders on webmaster forums, so just pick someone with a good history and you’re ready to dominate.

This doesn’t have to be complicated… you can even add to the value of your website by creating a short report. Either to give away (to build an opt in / subscriber list) or to sell, even. This is a strategy I’ve used to double, or treble the end sale price of a niche blog - remember, you can outsource EVERYTHING in this business.

If something is custom done, the likelyhood of saturation is minimal at best. By offering your buyers something that sets your website different, better than the hundreds of other websites sold daily, you’re not just more likely to sell your website but also more likely to get a higher price for it.

Too many people just create a website with custom content, maybe a header, earn $1-200 and stop because they’re happy with that. Remember, the more you make per flip, the less flips you have to make; the less time you spend and the more time you have to sit on your ass! Something that all of us would like more time to do :razz:

As always, if you have a question about what kind of improvements you can make to your sites, or what would be custom enough to boost your sale price, feel free to leave a comment :)

Over the next few weeks (to coincide with the two site flip competitions) I will be covering some more strategies to ramp up your sale price. If you haven’t subscribed already, why the hell not? :razz:

If you have subscribed, I appreciate it but don’t think you’re off the hook! As a subscriber, you have a mandatory duty to refer at least 15,000 of your friends to subscribe to this blog or else you will not be considered cool. So start with the referring now :) ;)

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