How to be a website flipper
Website flipping is the online trend of buying up underdeveloped sites, fixing them up, and selling them on for a profit. Here’s a piece I wrote for The Guardian in September. With the credit crunch biting, online property development certainly seems more attractive than getting involved with bricks and mortar.
Who’d be a property developer nowadays? The answer: people who develop online properties – rather than physical ones – by snapping up undeveloped sites in a practice known as website flipping. The principle is exactly the same as that of property development: flippers fix up the undeveloped sites and sell them for a profit. As with property development, it’s all about adding value. In property, adding value may mean converting a loft. Online, it means increasing visitor traffic and improving website revenue. Read more here.
As a update to the story, about a month later Bryan Clark sold his website siteflipu.com, plus blogflippingblueprint.com, for $32,500 to an investor, who in turn listed the websites for sale again after a couple of weeks.
