In whatever we do, sometimes the lesson has to be learned the hard way. It’s not a bad thing, though. As a matter of fact, as you have probably learned from your past business dealings, it even helps you be stronger. Here is an experience of a website flipper who who sold her site for too low a price — in effect, a $14k-mistake!
To cut to the chase, she let go of a site for a measly $1,850 to a website flipper, who in turn, made an enormous profit by selling it for $16,000 just four months after. An expensive lesson, I know, but a lesson nonetheless.
Perhaps you may say that the buyer who got the site for less than $2k did a great job of turning the site around in such a short time, but it’s really not that. The mistake was made when the original seller didn’t track the revenue of the site just before selling it. On the Flippa listing, she declared that the site profited $200 for the past two months. By the time the site sold however, it was closer to profiting $1,000 monthly. That was definitely a major bargain for the buyer.
But rather than dwelling on her poor business move, she moved forward learning from this mistake and looked for more rewarding opportunities.
In addition to flipping websites, she enjoys income from affiliate marketing. She has a formula she follows to maintain success at internet marketing. Her formula is: research for a frequently searched keyword, know and investigate the competition, study the profitability for the niche, and find a product within the niche that people will want to buy.
Also, for her main strategy, she uses generating organic search traffic. She seeks out consumer-oriented items with a high price tag to get the higher affiliate commissions. Moreover, she opts for niches that she is interested in in order to have fun while making a living.
Finally, this experienced website flipper has some smart advice for buyers. She suggests that you know exactly what type of site you’re buying. If you are able to identify what you would like to do from the beginning, you’ll be able to use the most suitable methods to fix up and advertise the site. And never forget to “enjoy the ride!” while you are learning your way around the website flipping biz.
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