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Turn $10 into $200 in one hour

Discussion in 'Site Flipping' started by meathead1234, Feb 14, 2010.

  1. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Hi guys,

    So last night I was pretty bored, had just sold quite a big site so thought I'd prove a point regarding DP being profitable for selling sites if you know what you're doing.

    Most people will say "oh Dp is shit" etc and for practically everything they would be right. Buying and selling sites, however, is both quick and inexpensive. I have never bought a site on Flippa, I always buy from DP.

    Okay so here's what I did:

    Bought a .com domain (don't buy anything else) relating to my niche

    Built a site really quickly selling a service relating to a tool you may have (preferably free). Nothing fancy, just with a contact us, testimonials, FAQ and sales page with built in cart (I used e-junkie). So if you have a tool that does article submissions, then offer that on the site as a service.

    Put an auction up on DP - I wrote a nice pitch about how important *insert niche software* is and how easy it is to sell as a service blah blah, how much money they can make blah blah. I put NO RESERVE in the title as that always gets the bidding going.

    Okay, so how did I make $200:


    Listed site for $1 start, $100 BIN and mentioned if they hit the BIN price I would do some blog commenting (I have scrapebox). Normally, the site would sell for about $20 on DP but because I offered an incentive to hit the BIN people are far more likely to bid.

    How long did it take to sell? 5 PM's and 4 seperate bidders later, it sold for the BIN of $100.

    Okay, so how did you make another $100?

    I sold them hosting :) Most people are too lazy to move site to a new host, so I referred them to my own hosting company (if you don't have reseller hosting, send them to a hosting affiliate (such as Hostgator) for a quick and easy $100.

    Simple as that. Site took me 30 mins to build, 10 minutes to list site and answer PM's and 20 minutes to setup and run scrapebox.

    I understand that a lot of you won't have all of the resources I mentioned, so twist it a bit. If you can't build sites yourself (I AM RUBBISH!) then outsource it for like $20.

    If you don't have scrapebox, offer them some free ebooks on SEO and marketing as an incentive.

    If you don't have some free software that you could sell as a service. This method isn't for you :p

    The moral of the story is that it is all about the upsell. Don't just think of a sale as just the cost of the site itself, sell them other services, sell them hosting, sell them anything - you never know, sometimes you get a client for life.

    So yeah, don't dismiss marketplaces just because the inital sale isn't as high as elsewhere - if you can upsell other services, you'll make just as much.

    Please don't PM me asking for my niche or anything like that because I won't tell you. This isn't a blueprint to copy, more inspiration to get you started and buck the trend of selling sites for 15 bucks.

    Good luck!
     
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    Last edited: Feb 14, 2010
  2. kingpin123

    kingpin123 Registered Member

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    Did you created the domain and the same day on which you sold it on Dp
     
  3. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    I had bought the domain about 1 week before, I have 100s lying around. As long as people are aware the site is new it shouldn't be an issue buying it same day.
     
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  4. musik

    musik Newbie

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    Sorry for "newbieness", What exactly do you mean under" sold hosting"? I referred them to my own hosting company (if you don't have reseller hosting, send them to a hosting affiliate (such as Hostgator) " I have a situation right now when I have to think about how I am going to organize hosting for client. I have no idea! please help
     
  5. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Sorry, let me clarify. I have a hosting company, so I told them to sign up there for a hosting account, which they did.

    If you don't have your own hosting company then sign up to an affiliate program (such as hostgator) and send them your affiliate link to sign up. When they do, you get paid.

    For my clients, I just set them up on my server and charge them for a year upfront, if they don't want to do that, charge them monthly.
     
  6. musik

    musik Newbie

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    How do they can access their web site if you host it on your own? What I mean if their site is on the same cpanel they will have acess to your sites too . or you don't give them ftp access? Have a deal with portfolio sites? Thanks
     
  7. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    That's usually only for my corporate clients and I don't give them cpanel or ftp anyway, so doesn't make much difference.

    If you're worried either get reseller hosting and setup individual clients with their own ftp/cpanel or just send them through an affiliate link so you don't have to deal with support either...
     
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  8. musik

    musik Newbie

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    I want to ask you again ,if Have a deal with portfolio sites? If you made them how much did you asked for it? Thanks
     
  9. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    I don't charge much more if they have more than one site - unless it starts using up a lot of disk space.

    If you mean how much would I charge to build clients a portfolio of sites, it depends, wouldn't go near a client for less than $300 though...
     
  10. jake3340

    jake3340 Jr. VIP Jr. VIP Premium Member

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    Some keyword research, write up some articles regarding those keywords and the site will sell for much more than 100$.
     
  11. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    True - but if you want a quick turnaround and don't have the skills to do the k/w research and articles then it still works. It was merely an example regarding upsell rather than getting the best price for the site itself.
     
  12. yarjar

    yarjar Junior Member

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    Amazing post, can't believe nobody thanked it yet. I'm gonna give it a shot this weekend, I'll let you know how it goes.
     
  13. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Not my loss - I did it 4 days straight until I got distracted by bigger things... :D
     
  14. danizdeman

    danizdeman Regular Member

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    What templates do you use to build the websites? Wordpress, or regular template?
    Also, what program do you use to build the websites?
    Thanks. I want to try this out.
     
  15. neol

    neol Junior Member

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    There are also so many GPL products. We can also use them to build sites on them and sell them, i mean the product instead of the site. Cant we ??

    But it will require more effort I guess
     
  16. lehpet

    lehpet Registered Member

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    Where do you outsource site building for $20? I really need to know so if anyone knows please PM me!
     
  17. rickstar

    rickstar Elite Member

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    Thanks, I do pretty much the exact same thing with a little bit of a twist.

    1. Find Niche
    2. Purchase Search Engine Friendly Domain
    3. Setup a quick autoblog CORRECTLY.
    4. Leave it for about a month and after it starts generating adsense revenue + traffic, grab screenshots and sell it off. OR if the domain is good enough, I just go ahead and sell it at namepros.com, occasionally I can get more for it there.
    5. Offer away all the templates and let the prospects know that I will continue up promotion.
     
  18. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Shop around. You can get simple sites built for a few $'s in loads of places. Try hire a freelancer here - there are tons of good people who can whip up a good site in no time.

    As long as you are clear what you need it doesn't have to cost much.
     
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  19. Rinde

    Rinde BANNED BANNED

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    Good post, You almost sound like you're embarrassed to say you made 200$ on DP. There is nothing to be embarrassed about, half the people that say DP is garbage are hiding under different names peddling 5$ ebooks over there. The truth is DP is a big cash register. To quote the great Tony Montana " DP is like a great big pussy, just waiting to get fucked"

    [​IMG]
     
    Last edited: Apr 12, 2010
  20. thestrangefruit

    thestrangefruit Regular Member

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    So did you use a pre-made template? Also what payment processor did you use? Is there a minimum of itrader the buyer must have to purchase your site?

    Congratulations on your sale,
    Thestrangefruit