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Flippa for Noob

Discussion in 'Site Flipping' started by dirtbikedude, Dec 1, 2010.

  1. dirtbikedude

    dirtbikedude Newbie

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    I'm new to flippa and site flipping but I've gotten pretty interested. I have a question. I'd really appreciate if could answer here that has actually done this and post their experience and results.

    I see that you can purchase websites off of flippa that are already generating revenue. Has anyone purchased any of these websites and made enough revenue off the website they bought that they actually made money on the purchase of the website on flippa? How long did it take to break even/make money?

    Can you post your experience?
     
  2. J1218

    J1218 Power Member

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    It all depends. The most important thing is to do your proper due diligence to make sure the site is earning what the seller is claiming and that the revenue shows no signs of slowing down.

    Nobody can give you an exact number of months that it will take to make your money back and start profiting because it's different for every situation. If the site's making $100 per month and you paid $1,000 for it, then it will most likely take you about 10 months to get your money back if you just sit on it and do no extra work to increase the traffic and revenue.

    However, if you put some work into it and increase the search engine rankings or build up the traffic through other avenues, then you will make your money back quicker.

    It really all comes down to knowing what you're doing when buying sites - before and after you take it over. Before is knowing how to do your due diligence and after is what to do with the site when you own it.
     
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  3. dirtbikedude

    dirtbikedude Newbie

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    is there any way to find out if the website is really making as much money as the website owner claims before purchasing the site?
     
  4. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Get the seller to show you the stats live via Teamviewer. Videos can be faked, but it's harder to fake it live.

    If they have a good history of feedback you can generally be confident that their revenue figures are accurate - just be aware that a lot of sellers fail to outline all of the costs they incur on a month to month basis (ie SEO, article writing etc).
     
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