Advantages and Disadvantages of Becoming a Website Flipper

As a blogger, website flipping does intrigue me a little bit. If you can find a quality website or a website that you can morph into exactly what you want, then money can be made most likely.

Positives of being a “Website Flipper”

Working in the world of website buying-and-selling has its many advantages, such as:

  • Choosing your own hours. You can create your own schedule and determine what works best for you.
  • You are your own boss. Can it get much better than that?
  • Effectively monetized sites will start to bring in some income even before they’re sold. You can sometimes make money off of direct advertising, affiliate income, Adsense and so on. You might be able to make the amount of money that you paid for it back, and then still sell it and make money as well.
  • The ability to determine your income by the amount of time and effort you’re willing to spend.
  • Relatively low initial investments. The website you flip does not have to be a ton of money. You can buy websites on certain websites such as Flippa for $50.
  • The ability to enter a business in which your effort is all that matters–not your age, appearance, disability, or other factors.
  • The convenience of working at home–or anywhere you can find WiFi. For me, this is a huge positive.

 

Advantages and Disadvantages of Being a Website Flipper

http://www.flickr.com/photos/smemon/6385691575/

Negatives of being a “Website Flipper”

Of course, there are also some downsides to flipping websites…

  • You’re at the mercy of the market; if supply exceeds demand, which it might as the notion of flipping as one of the great money-making ideas becomes popular, prices will fall. No one really knows how websites should be priced, so you may be overpaying. And you need to know how exactly the website currently makes money, as sometimes that can change day-to-day.
  • It’s difficult to juggle what can at times be a time-intensive job with your work and family life. How much time do you need to dedicate to website flipping?
  • Although the initial financial outlay is less than, say, getting started in real estate or a restaurant, it is still a substantial one for many. Some quality websites sell for hundreds of thousands. How much are you willing to spend? The cheaper it is, the more time that is most likely required.
  • If you’ve never worked on websites before, you may have a steep learning curve. HTML and websites are not for everyone, as there is a lot to learn.
  • You’ll need to stay aware of hidden costs, such as hosting or any outsourcing you may choose to do. Will you hire someone to create articles or to fix old articles on the website? There may be broken links or broken pictures.
  • There is risk.

Have you ever thought about buying and/or selling a website?

 

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