Money Making Business: Do you want to start a side business or money-making business this year? This article may prove useful for you. I want to share a business idea I have been around for several years. I like to do side business or money-making business because it has the following advantages.
- It’s solopreneur-friendly
- Its startup costs are very reasonable
- It has the ability to scale so that you can get a full-time income in place of your 9-to-5 job
- I have taught my students to do this and they have made thousands and thousands of dollars
The money-making business we are going to talk about today is website flipping. Specifically, flipping microwebsites. This is how it works.
These are small, beginner sites that are easy to create and develop, and there is a constant group of buyers who want to purchase these sites.
These sites go from $100 to $500 for each sale. You can create 5-10 sites per week on your own time, whenever you want, and sell them to earn up to $2,500/month or more.
What is Flipping?
Flipping refers to the practice of buying something (such as a website, domain name, app, or property) at a low price and then selling it at a higher price in the context of online trading or investing. Flipping can apply to a variety of assets and the goal is to make a profit from the price difference between the purchase and sale price.
Here are some common types of flipping:
Website flipping: This involves buying existing websites, improving them (by adding quality content, improving the design, or increasing traffic), and then selling them for a profit.
Domain Flipping: Domain flipping involves purchasing domain names (website addresses) that are catchy, keyword-rich, or have the potential to be in high demand in the future. Domain flippers buy these domains at a low price and sell them at a higher price.
House Flipping: In the real estate industry, house flipping refers to purchasing a property (often a property that needs renovation or repairs), improving its condition, and selling it for a higher price.
App Flipping: With the rise of mobile apps, some entrepreneurs buy existing mobile apps, improve them by adding features or enhancing the user interface, and then sell them at a higher price on app marketplaces.
Product flipping: This involves purchasing physical products at a discount (often through sales, clearance, or bulk purchasing) and then selling them at a higher price online or in a different marketplace.
How to Earn $2,500/Month with Website Flipping
Website flipping can be a profitable online business if done correctly. Here’s a step-by-step guide on how to flip websites for profit.
1. Build a website
I can spend many hours on this task. The more small microwebsites you create, the faster you will progress. Getting a domain, setting up web hosting, installing WordPress, and applying a theme are all part of the process.
2. Grow a website
Adding pages and content to your website is part of growing it. It may also include making money from the website and attracting visitors, although these are not essential steps in the process. I have successfully flipped many non-profitable, no-traffic websites without spending any money.
3. Flip a website
Sell the website when the time comes. After your construction project is finished, you can complete it whenever you want – after a week, a month, or a year.
I’ll be honest. Creating and selling these simple starter sites may seem a little boring, but there is some real money to be made and you can’t beat the feeling you get when you sell a site you built from scratch.