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Sep15
Internet Marketing Tips – Flip it Or Keep It?
No CommentsThis article was inspired by an interesting thread at the Warrior Forum. The thread was started to invoke some discussion about flipping web sites. Members were invited to share their strategies for doing this. That’s when I got to thinking. Is it REALLY in your best interest to unload a site that you poured your soul into creating? I’m going to look at both sides of the equation and give you my opinion on whether or not you should be flipping web sites depending on how you answer the questions that are to follow.
First of all, let me start out by saying that site flipping isn’t what it used to be. Back in the wild west days, you could flip a site that had no traffic and no income and sell it for a pretty penny. Today, the market is pretty competitive. You need to present a site to your prospects that not only has unique content and a killer product to sell, but one that has a track record. And that’s what got me thinking.
If you’re going to put all that time and effort into creating a site and generating traffic to it so that you can show a profit, do you really want to just let it go for a few hundred or even a few thousand dollars? Well, the answer to that question, in my opinion, depends on your answer to the following question.
What’s your financial situation like? Is this money that you need right away, as in the next 90 days? Or are you in a position where you can sit back and watch this site grow into something substantial? Now, I can’t answer that question for you. Only YOU can. But, it’s something to think about. And here’s something else to think about.
Imagine that each site you flipped generated an income of $500 a month, just within 90 days time. That is certainly not too much to ask of a site with steady traffic coming to it. Now, imagine that you created just one of these sites each month for a year. If you do the math, that comes out to $6,000 a month passive income for all 12 sites. For some people, that’s a full time income.
Will it take some work at the beginning? Sure it will. Nothing worth while comes easy. But isn’t $6,000 a month recurring income better than maybe selling each of those 12 sites for say $1,000 each? Inside of two months of hanging onto them, you can make that much alone.
Again, this all depends on your financial situation. If you need the money right away, flip the sites. But if you can afford to sit on them for a bit and wait it out, that just might be the better option.
At the very least, it’s something to think about.
To YOUR Success,
Steven Wagenheim
Sick and tired of spinning your wheels trying to make a buck online? Visit the products page of my blog at http://stevewagenheim.com/blog/products and get a 6 figure education for pennies.
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