Sellers can list their traffic figures, Alexa ranking and current monetization methods – all in hopes to get a buyer to meet their asking price.  Obviously, the higher the revenue that you can prove your website is generating – the higher the asking price will be.  

For SEO savvy types, this may be a good opportunity to flip websites for a healthy profit.  I can see how easy it would be to select a niche market and build a website for that niche.  Create traffic to this website by building backlinks and once the site is consistently generating profit in the form of affiliate sales or Adsense revenue – you have the option to sell out for some quick cash. 

On the other hand, you can also buy an already established website on Flippa.com and help it grow.  Many people don’t want to deal with the headache of launching a website, waiting to get out of Google’s “sandbox”, climbing the search engines and going through all the steps that it takes to turn a profit.  By buying an established website you can avoid having to complete all those “set up” tasks and simply start making money immediately.  

Overall it looks like buying and selling websites and blogs on Flippa might be a good way to make money online.  If you have sold or bought websites on Flippa or similar auction style websites – please let us know by commenting below.  If you have any tips for noobies who are just learning how to flip websites, we would love to hear about it!

You can visit Flippa’s website here: Flippa

Let us know what you think about this review of Flippa, if you have compliments, complaints, comments or you think it is a scam – let us know by commenting below…

Best regards,

Michael-John Wolfe

TAGS: Residual Income, Make Money Online, Royalties

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Just as I was about to reserve the domain name, I started thinking…  “What am I going to do with this domain?”  I knew that I would not be comfortable selling it, after all I was not comfortable profiting off an entire nations misery.  I figured that a volunteer group would probably want to reserve this domain.  I decided that I could not conciously obtain this domain and I let it go.

A few hours later, I typed in the URL just to see if it had been reserved and sure enough it was taken.  Not by a volunteer or relief effort – but some ordinary person reserved this URL and it was sitting there as an empty blog.  At this point I was not too dissapointed, after all what was this person really going to do with haitiearthquake.com?  I had no regrets about letting someone else take the domain.

As time went by, I saw all of the immense suffering going on in Haiti and any thought of this domain name had long passed – until yesterday.  I was home browsing the Internet when I thought I would check to see if some volunteer or relief effort had purchased the domain.  When I went to the URL I could’nt believe what I saw.  Google had bought the domain!  Not only did they buy the domain but it is now Google’s main webpage for Haiti relief.

Like I said, I would not want to profit one penny from the Haitian crisis.  But I would have no problem selling a domain to a huge conglomerate like Google.  I can only imagine what this domain was flipped for.  Heck, even if I sold the domain to Google and gave half the profit to the Red Cross – I would have still done pretty well for myself. 

This goes to show that if your initial gut reaction is to take action – do it!  This was an opportunity that I let pass that I should not have.  I should have simply bought the domain name and if some small volunteer group wanted it I could have donated it to them, but had Google called I would have had them break out their checkbook!

MJ

UPDATE: 2/27/10 – Just checked first thing this morning – chileearthquake.com is already taken!  The news just broke on Yahoo 38 minutes ago and this domain is already gone.  I am just going to reserve every country in the world with the word “earthquake” after it!  peruearthquake.com, irelandearthquake.com, pakistanearthquake.com, trinidadandtobagoearthquake.com…lol

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