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Selling An Established Site Question

Discussion in 'Site Flipping' started by shadysays, Mar 5, 2010.

  1. shadysays

    shadysays Registered Member

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    Quick question here - lets say you buy a site to sell on how to you show proof of earnings if you have only just bought the site ?
     
  2. Karlos

    Karlos Junior Member

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    If you have only just bought the site you'd have taken proof of earnings from the previous owner. You'd have to pass that on and rely on the bidder trusting it.

    Just bought sites aren't necessarily the best ones for selling. People tend to be suspicious of you getting rid of a site so soon after buying it.
     
  3. shadysays

    shadysays Registered Member

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    Thanks for response I was under the impression buying an undervalued site and flipping it was a good way to make some quick cash.

    Are you saying it should be held for a bit longer.
     
  4. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    It is a good way to make quick cash assuming the buyers don't know you just bought it for 75% less than you are selling it for :)

    Income proof wise, you'll need to use previous owner's screenshots etc.

    This is quite a high risk strategy, so probably not recommended until you've got some experience selling lower end sites.

    As Karlos mentioned, you are better off holding onto it for a while (3 months or so is ideal) - although that doesn't mean you can't make a nice profit holding it for a lot less (I hold most of mine around 2 weeks these days).
     
  5. Karlos

    Karlos Junior Member

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    If you list in Flippa there's a link at the top of the page telling your buyers that this site was listed previously and it takes one click for them to find out how much you paid.
     
  6. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Yeah, I would never buy from Flippa to flip, I usually buy from DP or privately and then resell on Flippa a few weeks later by which stage no-one would ever know you had bought it elsewhere :)