Not Another Make Money Online Blog

Is Site Flipping Better With a Team?

I don’t know how many of you guys are into site flipping but do you think it would be better if you did it by yourself, outsourced, or worked as a team with a few other entrepreneurs? Well, you might get a little less, profit wise, if you worked as a team but then again, you would probably do a lot less work wise.

I remember back back when SiteFlipU.com had their site flipping contest in which you formed teams and whoever sold theirs for the most would win. Well, that was way before the site was sold and apparently, the contest disbanded for some odd reason.

Now, I read that DatMoney.com is looking for site flipping teammates so they can make site flipping a learning experience and make money on the side. But is that the right thing to do? Besides splitting the cost in three, four, five ways (or however many people are on a team) I can’t see too many downfalls.

If you think about it, the work should be split between each individual which wouldn’t require too much work overall. The profit might be less but what if each person would only spend a total of a few hours each month contributing? Say whatever site they flip makes $500 and there’s four members on that team, they each get $125. Now if each person worked a total of a few hours, you would be making somewhere on the lines of $30-$40ish per hour.

I don’t know about you but most people don’t get paid that hourly wage working a full time job!

See, can’t complain there! And just as long as the team members are able to work together with no issues then I’m sure it should be ideal.

Personally, I considered joining their site flipping team but if I barely have time to update this blog, I really don’t think I’ll be able to contribute fully there. But you guys should consider it if you want to learn about site flipping or you want to make money!

Check out the site flipping team post if you are interested.

Basic Points That Buyers Look For in Purchasing a Site

Since site flipping seems like the hot trend around the blogosphere, and also the fact that I mentioned I would discuss it a little bit here, I figured I’d post a few basic points on what potential buyers want when purchasing a site.

I already talked to some of you guys via e-mail and wrote about details based on the information you supplied me with but I’ll go over some basics just incase you’re planning on building a site to try to sell it in the near future, or if you have a site you’ve been working on for a long time and are considering selling.

Monthly Revenue : This has to be the most important point that buyers look for because they’re basically putting an investment on the site knowing it’s potential of making more money.

In addition, there are some people who have a tough time monetizing a site to make it work. Anyone can get traffic to a site but not everyone can turn that traffic into money, including some buyers.

A lot of people ask for proof of revenue for the last 3 month, sometimes longer and sometimes shorter. If you have an Adsense site, you can always show daily proofs and convince them that way as well.

Most buyers would pay between 6-12 times the monthly revenue, sometimes more and sometimes less. On average, I think the going rate is on a 10 month basis but it all depends on the potential of the site and selling point.

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