I have used this method before… when I used to be broke. I was making $200 a week off this while I was working at Home Depot. I also did this about a year ago when my roommate first moved in, he would design the site and I would program it. We made a few of them and that is how I learned how to make database driven websites.
The process is pretty simple, but takes time. What you do is buy a pageranked domain, build a website, let it sit, then sell it. Want more details? Keep reading…
The Niche Fool
Check out sitepoints sites for sale section, both the Premium Sites and the Established Sites for sale sections. Take a look at what everyone is commenting and interested in. That is were the cash money is at. For example, in the Established section it looks like computer related sites such as web directory’s, wallpaper, image hosting, etc are pretty popular with da newbs. You need to pick a niche that will make money and not take a long time to sell. And we all know what It means when a website takes a long time to sell… less Taco Bell. Point made.
Da Domain
This is the selling point. The fools on sitepont and digitalpoint love them their pageranked domains. The higher the better. You get a valid pageranked domain with legitimate backlinks. Its probably the hardest part of the whole process. You can find domains on sites such as SEO Domains, but the best place to get them is buy them off newbes on sitepoint and digitalpoint. They always seem to be selling decent domains and a decent price.
Getting the domain is pretty staight forward. Just be sure to put some time into finding a good domain. Remeber, the higher the page rank the faster the sale. The faster the sale the more Taco Bell.
The Bling’in Design
For the ROI you will be getting on this technique you will probably want to design the site yourself. Just take a premade design and pimp the crap out of it. It would be smart to team up with a designer and have them make a pimp design for the site. But remeber, the profit margin is low so you will want to try to find the cheapest solution to your designing needs.
The Content Baby
This is pretty important too. Content is the king. I personally would find a good database full of thousands of rows of content and make a database driven website. There are tons of places to find quality databases…. or you can make your own. Be sure to check out SeoCracy databases, the wallpaper one would be great because you can build a quality site and send adwords traffic to it and then market zango on the site. But thats another blog post.
Making The Site Legit
Before you spend you $20 and post your site on sitepoint or any of the other sites selling websites. Be sure to make the site as legit as possible. Sit on it for at least a week and build up those backlinks, use blog comments and dofollow social sites to get the site ranking fast for long tailed terms. The buy some dirty cheap (but shitty) at adengage. That will make it look a little more legit.
Be sure that you are happy with the site. If its some pile of shit and will never make money then don’t sell it. Your not in the business of ripping people off, your in the business in making turnkey sites that actually sell. Just be sure that the site isnt banned in google, has good content, good design, and is built well.
Once you get everything done and your happy with your site… sell it! You will spend anywhere between $20-$75 in making a website and then selling it for $200-$400 in less then 2 weeks. If you make 1 site a week at $200 you will make $800 a month. Which is pretty good when you need money fast.
Now I gave a lot of tips in that blog post, now make some comments below and ask some questions, ill help you out.
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I did pretty much the same thing. But could probably fine tune it using your tips.
I would just buy a keyword heavy domain, throw up 5 – 10 keyword targeted pages and shit out some content on them, then let it sit for a month or two for some rev proof.
Ive sold such sites for $250 – $500. I had one sell for $1500, but i got lucky with that one.
Buying established domains would probably help a lot.
These are the posts I enjoy, as well as the getting backlinks one.
As far as selling such sites, would you recommend sitepoint or digitalpoint more?
I like sitepoint more. There seems to be more smarter buyers with more money on that site.
I still havent tried ebay yet. Someone should test it with this method
Great post. My only question is how long would it take until these domains lose their pagerank with Google and is it always bound to happen?
Not 100% sure on how fast they lose there rank. But it can be safe to say 3 months.
That’s a lot longer than I thought… gonna have to start flipping some sites then!
I did this when I first started, bought up a bunch of domains, made them sites, and now I’m selling them, a year later, for 1-5k a pop.
Nice tips. I really enjoy posts like this one.
Nice post, thanks.
Do you try to improve the traffics (alexa) before sell it?
I’ll have to try this
Wow… Thanks for sharing this great tips John… I think I’ll try this asap