How does getting paid work if I wanted to buy and sell websites? I have a general idea of how this works either create a website/ or buy one fix it up resell again ect.. just wanted to know how the payment process works if I were to buy/sell websites..
1) you buy it low. But you believe it is worth much more than you paid for. 2) you promote it. you may put some more content, create backlinks, send traffic to it directly to boost it is alexa rank 3) no when it all promotted and looks like a really hot thing - you sell it high
The best way to flip sites is through either the website BST here on DP or by going to a site like Flippa that actually helps facilitate the buying and selling of a website. Generally payments are done through paypal.
If you want to make a lot of money consider it high risk high return investments. You see a website you think could sell for $XX,XXX for $X,XXX with a little doing-up. Buy the website, sell it later and profit!
Is that it they just pay through paypal? I know how it generally works but transferring the site and getting paid is what Im trying to get more info on before I do this..
if it is a multi-digit sale, you use some kind of escrow service to transfer the site (domain name and content) while paying some percentage of the sale to that escrow service
It depends on how much money the site is worth. You run a little bit of a risk with Paypal, unless you know the person you're dealing with is legit. When the money starts getting high you really need to consider using an escrow service.
I have seen sites with ZERO visitors get flipped for a profit. All these sites had was a really good URL, and a cool logo. OR, is that more domain flipping than actual website flipping?
You could be paid with paypal or through escrow. I advise using escrow as a protection against chargebacks.
Website flipping can be difficult. There is typically a reason why someone is selling the website. Still though, if you are very confident in your marketing abilities and are for sure you can profit you could make money in it. I've heard of several people who have taken ecommerce sites that weren't doing well, purchased them, correctly marketed them, and then resold them. However, you better be sure you can make money it. Most websites worth buying are sold at flippa.com.