Just about everyone has heard about the term “flipping real estate”. In the property sector, this implies investing in a property, make some improvements on it (if required) and then selling it away at a good income.
In the internet universe, a brand new booming business model is fast becoming extremely popular that is very much like flipping property. Only that in the internet universe, it is called “flipping virtual real estate”.
Using a similar strategy, people purchase a piece of virtual real estate, in other words a space on the web, create a website there, drive traffic to it and sell it off for a huge profit, based on how profitable the website is.
It has been proven that the strategy could be highly rewarding. Just look at Instagram. Facebook bought over the entire site for a billion dollars!
Although that is one extraordinary success story, you may still find lots more happening constantly on the web, only the transacted sum is not as massive. If you can sell off a site to get $1,000, that is definitely considered good money. Keep in mind, it doesn't take a significant investment to get a site ready to go on the web.
Step one to get started is of course to buy a domain name. A superb domain name that is keyword rich is key. You'll want a very good domain name as it will go a considerable way towards helping the website to achieve high ranking, generate traffic and branding the website.
A great tip when doing this is to spot styles. If you know that something is going to be quite popular within the next month or two, get a few domain names related to that theme. It will probably take about that length of time to have the site up and running at any rate so by the time the pattern reaches its peak, you will have a site that is prepared to be sold.
The next step is to start building the site. Do not worry if you are technically challenged. Just use Wordpress to create your site. There are various Wordpress templates on the web and most of them are free. They are also beautifully designed.
At this stage, you are probably wondering what kind of site you should set up. That depends on the business you intend to set up. Obviously the simplest would be to set up a blog. These are really helpful to attract Google spiders because you can routinely update them with information. Once your blog becomes popular, you may sell ad space on it to generate income.
Remember, when doing this, your main goal should be to sell it off to get profit, thus it doesn't truly matter if you don't get to earn money out of it immediately.
The last step would be to drive traffic to your website and get it ranked for the specific keywords.
When your website begins to get some interest, you may advertise to look for potential buyers. How much you intend to sell it off for depends on the amount you invested in creating the website.
And where could you advertise? Well, there are many sites on the web which are dedicated to the sale of sites only.
Truthfully now, isn't this much easier when compared with flipping property?
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