Investing In Site Flipping
It’s true that to start site flipping you do need to invest a little cash and in fact you wont find too many online business opportunities where you wont have to invest anything. The good news is that there isn’t a lot of start up costs involved with site flipping and those that you do have are usually covered fairly quickly.
A Good Site Flipping Manual
The first thing I would suggest to invest in is a good site flipping manual so that you can learn everything that you need to learn before you jump into it. If you go into website flipping blind then chances are that you will make mistakes that could cost you more money in the long term, however if you get a good manual and learn everything correctly then you will save money be reducing the chance of making costly mistakes.
Hosting
You will need hosting to build your websites on and you can either grab a hosting package with unlimited domains like Hostgators baby package, but with this package you wont be able to offer your customers hosting, you will need to transfer the website to the customers own hosting after the sale.
The other choice is to grab a reseller package, which is a little more expensive but you will be able to offer your customers hosting and then earn a residual income through your hosting income.
Click here to see Hostgators options.
Domains
To build your websites you will need to purchase domain names. These can vary in price from around $2 a year for a .info name to $10 a year for .net and .com names. You can often get deals with GoDaddy on domain purchases and if you look around you can often pick up some coupon codes to get your domains a little cheaper.
Listing Fees
You will need to pay fees to list your websites for sale and these will vary depending on where you list your site. Flippa.com is a popular choice for selling websites and a basic startup site listing at Flippa will cost you around $20US plus a bit extra once the site is sold.
If you are selling on Ebay then costs can range from a few dollars up to $20 or $30 depending on what options you choose. I will often use featured option which costs around $20 itself, but I don’t use it on all my listings. I will only use featured on my shorter listings and the 30 day or more listings I wont use it. If you have some sites as featured, your visitors to those sites will then see the other sites that you have for sale.
When starting out and on a limited budget then you might want to start with basic cheaper listings until you have sold some sites and can afford to use the featured option. It is a risk, but I find it pays off 90% of the time as my sites will sell 90% of the time. I always start my listings off at a price that will cover the cost of the site I am selling.
Conclusion
I know it can be difficult finding money to invest in a business opportunity especially if there are no guarantees, but unfortunately there are no guarantees in any business and with any good business you will have some cost involved. Thankfully, I have found site flipping to be the most successful business that I have tried and the income I make by far out weighs the costs involved.
