Website flipping is a superb way for you to make some additional money. You can either make this a part time income or a full time income, depending on how much time and effort you want to put in to it.These 5 tips are designed to help you to turn a profit from website flipping or to increase the profits you are already making.Tip 1: Buy Websites With PotentialWhen you buy a house to flip you are looking for potential – expansion, growth, decorating and the area. The same goes for a website. Can you expand upon the website to make it more valuable? Can you decorate the website with a facelift to make it look more attractive to both buyers and visitors? Is the niche one that is on the up and would make a worthwhile investment?Tip 2: Do Your SEOMany website flippers completely ignore search engine optimization and create a website that is much harder to rank for than it should be. By doing the SEO work on your website you are adding value by saving the buyer time and making sure the website can rank as quickly as possible for its keywords.Tip 3: Know Your MarketUnderstand what your potential buyers are looking for and give it to them. Show you understand the market you are targeting with your website. Know what your buyers want to see on a website and on a sale and give it to them.Tip 4: Create Profitable Websites RapidlyMaybe you are creating website specifically to sell and in order to maximize your revenue you need to do this quickly. The quicker you can create high quality websites to sell, the more money you can make from each one. Be careful though and don’t compromise quality with quantity.Tip 5: Work Out The Improvements Before You BuyIf you are going to buy a website to sell on then make sure you have a thorough understanding of the marketplace and know exactly what you are going to improve before you buy it.If you apply this five tips to your website flipping business, you will soon find your business improves and your profits increase.
Property investing is one of those types of activities that is not done each and every day (unless you are doing it full time) and because it is not, other distractions can easily take away your investing focus. Depending on the property cycle is going it can, at times, be quite a few months in between buying properties.To be successful at property investing though, an investor does need to keep in touch with the flow of property prices and sales. This does not mean just picking up the paper once a week and having a quick flick through, but being actively involved several hours a week if you are intending to purchase soon, or at least an hour a week to keep up with education and what is happening in the market place.Keeping focused on investment goalsOne of the easiest ways I have found to stay focused is to do something every day. This means setting long term goals, then breaking them down to small goals and then down to little goals.I have found with anything that I am trying to achieve over a longer period, that if I give it at least 10 mins each and every day I can achieve my goals without feeling that I have ignored other parts of my life.It is amazing how much time 10 minutes a day gives you over a year!10 mins x 7 = 70 x 52 = 3640 mins = 60 hrs – how easy is that just to keep up with what is happening around your area and educating yourself in your future wealth? It’s not even peanuts!I find that if I commit to doing something each day then it stays in the forefront of my mind and does not get forgotten. It may just be a drive around your investment area to update yourself on property prices, for a quick flick through a real estate forum, but whatever it is make sure that you do something.Following long term Wealth Creation GoalsIt is not easy to stay focused on long term goals and staying on ‘wealth goals’ can be even harder at times. Life throws us these curve balls every now and then and we just have to push through those times and not lose focus on our long term goals.If something happens that stops you from working on your goals for right now, then mark on your calendar a time when you will pick up the ball again and start right back where you were and keep on going with those long term goals of wealth creation.Back to those ‘little short term goals’Make sure you have yourself set up to achieve those goals each day. Whether it be having a book beside your bed that you read investment tips from at night, or a reminder in your computer to spend some research time each Saturday, or whatever it is, don’t rely on yourself to be the sole motivator.One of the easiest ways to stay focused now is to use the benefit of technology to help you achieve your goals. Set alarms and use all the bells and whistles that our technological age is throwing at us to remind you to do your 10 mins a day.By staying focused on property investing all the time it will mean that when you are next ready to buy you will not have to spend hours and hours updating yourself before making decisions.