How to Make Money with Flippa

Flippa is a site where you can buy and sell a website. It’s an online marketplace allows buyers and sellers to connect.  

For some individuals, this is an excellent way to build something of value and get paid for it.

Who is this ideal for:

This way is ideal for a niche site creator, blog creator who may not necessarily want to upkeep a website, but likes building and growing them. 

What skills will you need:

Most buyers are familiar with the WordPress platform, so you will need to learn how to build your site on it.  

While the basics of HOW to build a WordPress site are required, you will also need other skills such as content creation and marketing.  

You can also outsource this if you would like, but remember there is a cost involved to do so. 

How much time is required to get started:

Have you built out a WordPress site in the past? If the answer to this is “yes,” then your time requirement will be restricted to how long it took you to build out your last site.  

If your answer is “no,” then you will need to factor in the time you will need to learn how to do it.

While at the outset it looks rather simple to create a WordPress site, there are other matters involved such as installing themes, plugins, knowing the difference between a page and a post, etc.

You’ll also need time for doing market research, content research, and marketing.

The time required here will depend on how quickly you can learn, so it will vary from person to person.

Some helpful tips:

1) Choose wisely

If this is your first or second go around in building a site, then be sure to choose something that you actually like.

If you don’t, then it will become tedious and boring and you will lose interest quickly.

2) Give them a reason to buy 

If you build a website just to build it because you think it will sell, then you are taking a HUGE gamble.

Buyers want an investment, meaning they want a site that will yield a profit in the future.

The only way this will happen is for you to do your homework first.  

See what the competition is doing in your niche, look at how they are making money, see how you can make yours better than theirs, etc.

3) Don’t randomly choose a domain name 

You want your domain name to make sense and to be relevant.  

If you are going into the dog grooming niche then a site like DogGrooming.com would fare better than AllDayCare.com.

You will also want to ensure that you choose a .COM as these are more professional.

4) Host with the most familiar  

Choose a hosting service that most people are familiar and comfortable with.  

The bigger name companies are typically pretty reliable, so you will want to choose someone like Hostgator or Bluehost.

If you already have a hosting company you use that suits your needs and have come to rely on, then use them.

5) Make a good first impression  

Your visitors will know within the first few minutes if they want to stay longer or not. Choose a professional theme that is eye appealing, mobile friendly and loads quickly.

You are trying to sell them here, so put your best foot forward.

How to make money:

Once you are ready, register your site on Flippa.com. Just as with any other auction site, the person who bids the highest will get the rights to your website.  

Keeping that in mind, you need to be sure that you choose a price that you are comfortable with. 

The way that you determine this is by calculating how much your site is earning monthly, then multiplying that number by 15.  

This will give you a good starting point.

For example, if your site is currently earning $100 from ad revenue, then you can comfortably put it up for $1,500. 

Let the action happen and come to you once you start the bidding process.

Keep a close eye on the auction. When it reaches a price that you have deemed appropriate, then you can begin the fun part – getting paid.  

The nice thing about Flippa is that they will manage the payments for you, as well as all of the other technical concerns.

Once everything is done, then you will be able to collect your payment. The next step from here – Go and build more sites.