Squidoo lens flipping is a newcomer to this art. On Squidoo you don’t actually own your websites, or lenses as they are called, but you can transfer a lens to another Squidoo member. There are no fees to transfer, and it takes only a simple exchange between the seller, buyer and Squidoo to complete the transaction. For a skilled lensmaster, the Squidoo version of a webmaster, creating or buying lenses and flipping them for a profit could be a viable business model.

Already talented lensmasters have started services to build a custom lens for a fee. Ready-made lenses are gaining in popularity as well. These might be pages that are brand new on a hot niche topic, or a lens that has already proven its ability to pull traffic and make a steady income. There are even sites set up specifically for lensmasters to sell or auction their Squidoo pages.

The buyer’s market for ready-made lenses isn’t just for new Squidoo members. The same speculators who buy websites can see the potential in a quality Squidoo page. One with steady traffic and a reliable monthly income can be a profitable investment. A business owner trying to place on Google for specific keywords may buy one to target those words in the search engines. A blogger may want a spot on Squidoo to drive traffic back to his site. The value of a lens depends on the keywords, traffic, backlinks, monthly income and Google positioning,which is very similar to pricing any other website. Prices for quality sites on Squidoo vary from as little as $10 for new lenses to as much as a few hundred dollars for proven income-generating lenses.

Some innovative lensmasters are creating a series of lenses on a specific topic. Each lens in the series will target related keywords within that niche. They will design the Squidoo pages to feature and link to each other creating a ring of traffic to each lens. Then they will sell the group as a set to a prospective buyer or someone who is looking to add to their website portfolio on that niche. A set of lenses linked together within a specific niche can often demand a higher price than the same number of Squidoo pages sold separately.

While website flipping can be complicated, selling a Squidoo lens is a simple process. Even advertising your lenses for sale is as easy as building a page showcasing your available lenses. Squidoo experts have even created lens marketplaces and auction sites. Starting a Squidoo lens flipping business couldn’t be easier. There is no financial risk to this make-money-online opportunity. With no fees to build a lens or transfer one, the only investment you have is your time.

If you plan to display you site on sites facilitating domain sales, be sure to make your site attractive enough to invite a number of potential buyers. In order to maximize the chance of sales, your site must have relevant information.

It’s good to offer multiple domain name for a wholesale rate. Website buyers are always looking for low prices. In the changing domain name market, prices can go up as time changes. You never want to display current prices for your sites, but give an option to request price. Another selling technique is to offer domain names that have a longer registration period. These domains invite more customers because buyers are always on the lookout to reduce their risk from losing names through accidental expiration.

I must admit, I didn’t think I could be successful at selling websites even after reading several website flipping ebooks. I recently purchased an ebook by Kitwana Akil called Pimp My Flip. I decided to purchase the book after reading several positive feedbacks about it in a popular forum.

I know you’re thinking I’m just saying that to convince you to buy the ebook, but I have to admit this book far exceeded my already relatively high expectations of it. I actually sold a website I spend under an hour creating for $75, not bad for my first ever website flip.

Why am I telling you this because this? Because this book is a great investment if you are willing to take action I genuinely want you to make money online and this is a great way to do it. With all of the economic problems isn’t it time to look for more sources of income?

Here’s a little about the book. The author is Kitwana Akil and yes his English is very readable. It starts off by going through how to buy and choose the right domain (website address) name. He tells you of some free tools that will help you choose a good domain name.

Next is a great section on creating your own custom wordpress themes (website) or choosing cool free themes including how to create headers and get photos for your wordpress blogs. This section is excellent and worth the price just for this information alone.

The next section is on plugins these are alterations that you add to your wordpress blog to make it better. This section is excellent at providing good plugins for easily making money with the blogs as well as enhancing the search engine placement. These plugins will help sell your sites easier when combined with a good wordpress blog theme.

Another great section is on quickly creating good content for your blogs. These strategies will save you tons of time and allow you to quickly create sites, because creating content can take lots of time if you do it on your own. Tons of great information is provided about getting good content and continuing to get fresh content for the site. This will allow your site to sell easier because let’s face it many people are lazy especially those buying websites. Having content will make selling sites much easier.

Finally, Kitwana Akil goes over the whole process of flipping a website so you know exactly what to do step by step. This will save you tons of time and headaches by knowing exactly how to flip a website for quick cash. The great part is creating one website can pay for this great information source and allow you to continue to make quick cash throughout the year.

Creating one great site can make you over $1000, for only a few hours work. Do you honestly think this isn’t something to consider spending a few measly hours doing? Take action now and start making quick money using pimp my flip.

Understanding Flipping

The first order of business is to understand the business. In all honesty flipping a site is much like flipping real property. The only difference is you are dealing with a virtual piece of property instead of a house or apartment complex. When you look at a property to buy and sell for profit you assess it and decide how much money you could make once you do a few improvements, website flipping is pretty much the same.

Consider the Benefits

Whether you are flipping burgers or flipping websites you will want to think about the benefits before you buy. One thing many people are impressed with is how easy it is to get started, for around a $100 you are on your way. The revenue end of the business is possibly the best; you can create two forms of income when you flip websites. You will of course make money when you sell the site, but in the mean time, you can rake in the current revenue.

Is this a Fad?

You are probably wondering if this is just a fad, which is a good question to ask before you invest your time or money. The truth is this business is growing and there are many reasons for this. Although the current economy is not what it used to be, the internet is still a hopping market. No matter how hard times have become the online retail business is still going strong which means website flipping is and will continue to be a good business.

What is website flipping? Here is a simple guide to help you understand a little bit more about flipping websites. Learn how profitable it can be once you know whats involved to succeed using this method. If you learn the basics, you can be making a profit within your first month, so its important that you get started as soon as possible.

Flipping websites is a term used to describe a website that is purchase for a small amount, then its popularity and revenue is increased in order to sell it on for a profit. The more you can grow the website, the more money it will make as you can actually earn 10 times the amount of its monthly income.

If a website earns zero when you buy it, then you market that website and it starts to earn $50 per month then you can go on to sell this for at least $500 as that is ten times the monthly income of the website you are selling. This website flipping.

Just like property developing, you would buy a house that needs repair, you do it up and then sell it on to the target market. All you need to learn is how to actually make the website worth something from nothing. Marketing and design is the biggest aspect of a profitable flipping campaign and you can use freelancers for everything so you dont even need any skills.

There are many gems out there, waiting to be bought, but you must train yourself to choose the right ones. If you are not experienced with this method then it could be fatal to your bank balance so make sure you either take a course or do some extensive research.

I saw everyone doing it online, everywhere I turned people were bragging about how much money they were making for 2 – 5 hours worth of work designing, building and flipping websites for a healthy profit.

After a few of them showed me their real-time stats after their sites had sold I couldn’t believe they were averaging $300 – $500 a website.

Not bad considering the costs involved in site flipping which was $10 for a domain name and a few bucks for hosting. Actually, I learned later that these guys were making even more money on the backend because they were selling cheap hosting to their customers who just bought one of their websites.

It was a genius idea – Sell a website you worked on for a few hours and then charge them a monthly recurring fee for hosting that site. Of course the new owners could take their site and host it themselves but most of them paid the $8 a month to keep it hosted were it was.

I had seen enough so I decided to try my luck. Now the first thing I want you to realize is my very first website flip took me a lot longer than 5 hours to build. I had nothing to follow except for a few vague instructions from my friends.

After 2 days of intense work I listed my website on Sitepoint (Its called Flippa now) and after the first week there were no bids and less than 10 views. Man, I thought this was easy?

Considering I never outsourced any work or spent money on elaborate graphics I was only going to be out $10 for the domain name. Not to bad and I was ready to walk away but after doing some research online I discovered I was doing everything completely wrong.

I had the “build it and they will come” mentality which I needed to correct if I was going to make any money online with site flipping.

What I needed to be doing was promoting the heck out of my website listing in order for it to gain attention and sell. I had started the bid at $200 and a reserve of $400 which was a huge mistake that I learned about later.

One of the most valuable lessons I learned after getting a cheap course on website flipping was I needed to find a market that was willing to buy my website. I made the mistake of building a website without looking into the supply and demand factor.

Another mistake I made was listing the website for a high dollar value instead of listing it at a lower amount and let the anticipation and excitement build up which would lay the ground work for a bidding war.

A few mistakes behind me and I decided to try it again. I did my research, found a hot market that people were willing to spend money in and started working again.

Here’s a tip for you: I went to SitePoint and searched for successful auctions and looked at the kinds of sites that had sold for $500 – $1,000. I checked their stats, their listing pages and how it was structured. I used the course I bought to refine some of the things I had discovered – basically I just wanted to make sure I was doing everything correctly.

Those sites that I was modelling were worth more than I was going to sell this website for but I figured if I could give the same value as those more expensive websites then this one would sell extremely fast.

I was right with my assumption because my second site that I listed a week later sold within a few days for $437. I only spent $10 for a domain name and maybe 12 hours of work went into the website. I was hooked and made many more websites that resulted in a huge income that year.

Tip #1: Choose a Niche

Choose a niche that has a market for profitability before flipping a website. Naturally a profitable website is more likely to be sold if it has proven to have a niche that generates traffic and products promoted within the target group.

Tip #2: Known to Generate Traffic

It is quicker to sell a website when it has a reputation for generating traffic. Before considering to flip your website make sure the traffic flowing to the website is consistent and would be attractive to a potential buyer. If you can develop the knack and skills necessary to drove traffic to a new website, then you can expect to hit it big making money online by flipping websites.

Tip #3: Profitable

A website that is profitable will draw in eager buyers. People desire purchasing a website that is already established or at least on the rise. You will find it hard to sell a debt ridden website or one that is not producing profits. A buyer will accept forecast incomes that are based on the website’s present income to gauge the profitability for the future to see if the purchasing the website is a good investment.

Tip #4: Simple, Concise, Presentation

Present your sales information with as much detail as possible yet keep it simple and concise. This will help to eliminate questions and concerns from prospective buyers and help you to increase the number of bidders that qualify to make a purchase.

Tip #5: Proof of Profitability

Prospective buyers will want to see proof of the website’s profitability before making a bid. Screen shots pertaining to the income generated from the website will help you flip your website faster. This will also validate the money that is shown on the website’s thread sites bring credibility to the sale.

Tip #6: Statistics of Traffic

When making money online flipping websites you will need statistics related to the amount of traffic the website generates. The amount of traffic drawn to a website is a very important factor to whether the buyer will make a bid for the website. To avoid inquires as to search engine and traffic referrals provide statistics as proof of the traffic generated to the website. Providing this information before it is requested shows the buyer you are serious regarding the business of selling the website and professional. This will go along way in developing trust and credibility with the potential buyer.

Taking these tips into consideration when you consider flipping your website will make it easier for you to make a sale. Have documented proof of the traffic the website generates as well as the income. Ensure it has a marketable niche group with related products. And package this information to prospective buyers in a simple but informative manner and before you know it you will have flipped a website.

Well, you should check the Make Money On The Internet site as well to learn more Internet marketing tips, tricks, and strategies.