You've been able to get a very good idea now of the mechanics and considerations necessary to flip a web site. However, a good business starts with some great strategies to make sure that you are headed towards the maximum profit you can get. For that, you want to plan out how you will conduct your business in such a fashion to generate the most interest and the highest bids.
We already talked a little bit about the creation of eBay listings, the pricing and the timing, in detail. But, what if you want to sell multiple sites every single week? Do you have a proper business process set up so that you know what to expect and when auctions are going to end? This is a business after all and the more disciplined you are with how you run the business, the better the odds that you will increase your profits. So, let's walk through a sample plan for selling multiple sites in one week.
The Plan
You will probably start slowly as you have to learn how to create web sites to sell before you actually list them. But, once you are actually in a good business flow, your goal should be to list up to eight websites a week. If you were to make between $200 to $300 on each, you can expect your income to be a minimum of $1600 per week up to $2400 per week. That's up to $124,800 per year!
Taking the information we discussed earlier, you are going to want to list those web sites at the most advantageous times to get either more bids or higher bids. Using Auctiva, You will want to schedule two websites each of these days during the week: Tuesday, Wednesday, Saturday, and Sunday. Why? Well, because if you start to list on those days then you can end them on days other than Tuesday, Friday, or Saturday. Each time you list two web sites, list one auction to end in the late morning hours and one to end in the evening hours, as previously discussed.
Next, you are going to want to pick the upgrades that can help your listing stand out and attract more attention. Don't overdo it, however, as it can eat into your profits. Instead, focus on the following upgrades and determine which sites you want to add more based on how popular you think it might be:
- Featured Plus
- Subtitle
- Gallery
- Bold
- Border
- Highlight
Don't forget to set a BIN price and a reserve price. The BIN price can be between $199 to $299. The reserve price should be high enough to make some money, but not as high as $199. You can set it between $79 and $100.
If you follow a set process, you can begin an assembly line production of quality web sites that you can flip to generate a great side income. It may take a while to get comfortable with all the things you need to know, but after that, you just keep building on your knowledgebase, adding new features and goodies to sites as you learn about what is more in demand.
By the way...do you want to learn exactly how to create a high income online business by meeting the needs of people in your niche through coaching, consulting, and teaching online classes?
Download my new recording: "How to Sell High Ticket Products Online" here: High Ticket Selling
Or...do you want to learn how to increase your online income by adding coaching, consulting, and online classes to your existing practice or business? Find out how here: Internet Marketing Coaching
Sean Mize teaches coaches, consultants, and small business owners how to package their knowledge and sell it in high priced coaching, consulting, and online class packages. Sean says "If you have an existing marketable service or skill that you can teach others, I can teach you to package it into a high-priced class or coaching program, guaranteed"
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