Is Website ’Flipping’ Becoming A Serious Business?
Blackpool, UK - According to Flippa.com, the internet’s most active flipping site, over $21M worth of websites and domain names were sold in 2010.
’Flipping’ is the process of building, or buying and developing websites and domain names to sell at a profit. Think property developing but without the mess. But there are other benefits too. Individuals don’t need planning permission with a website. In fact given time, a hosting account and a few basic skills, anyone could potentially build a million dollar website.
Individuals can even outsource the entire operation to home working ’techies’ in other countries to build it for them if they have no technical skills. It’s relatively cheap labour too, an investors dream. Perhaps best of all is that they’re not stuck with the locality they start out with. Unlike bricks and mortar property, virtual real estate allows individuals to move to the best part of town by just improving their rankings in the search engines. A page 1 ranking in Google for a chosen niche will usually result in a very desirable and easy site to flip.
Tony Newton, co-owner of www.Siteflipz.com, one of the internet’s biggest flipping communities says: “People are starting to take virtual real estate very seriously as an investment or business. It’s now not uncommon to see websites sell for 7 figures.”
He adds “We’ve seen a massive increase in membership of our website as people realise that flipping websites is a multi-million dollar market yet still in it’s infancy. The majority of people who we help to start their flipping businesses are just working from home, often in their spare time. We’ve seen websites developed in under two weeks that have sold for almost $8,000 and we’ve personally sold sites for around $20,000 that were still less than four months old.”
While more mainstream investors might remember the dot com bubble bursting in early 2000, a new generation of internet users are coming through who have never known life without websites and they are the ones who have no problem seeing online real estate as a tangible asset.
- Contact Information
- Tony Newton
- Co-owner SiteFlipz.com
- Smart Online Solutions Ltd
- Contact via E-mail
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