Simplifying This Whole Process
  • Admittedly, I'm a real noob in the site flipping arena. I don't know jack which is why I purchased the course.

    I really don't have much interest in building sites from scratch, improving them with all sorts of techie tricks and then trying to make a killing selling them for $1000 or more on Flippa.

    What I was really looking for was a way to quickly find some "Diamonds in the Rough" on one site and then making $100 or so profit (after expenses) on another site. I'd rather not devote my life to this - ya know?

    So, am I being naive here? Do we absolutely HAVE to treat this whole thing like rocket science? I guess what I need is the Reader's Digest version of the PDF!

    Lost in Idaho
    Post edited by Unknown User at 2011-06-18 00:34:37
  • [quote="jrrich"]
    Admittedly, I'm a real noob in the site flipping arena. I don't know jack which is why I purchased the course.

    I really don't have much interest in building sites from scratch, improving them with all sorts of techie tricks and then trying to make a killing selling them for $1000 or more on Flippa.

    What I was really looking for was a way to quickly find some "Diamonds in the Rough" on one site and then making $100 or so profit (after expenses) on another site. I'd rather not devote my life to this - ya know?

    So, am I being naive here? Do we absolutely HAVE to treat this whole thing like rocket science? I guess what I need is the Reader's Digest version of the PDF!

    Lost in Idaho


    Did you review the "Action Plans" at the end of the course? They might be exactly what you're looking for.
  • I'm heading over there as we speak! Thanks!



    [quote="chrismyates"]
    [quote="jrrich"]
    Admittedly, I'm a real noob in the site flipping arena. I don't know jack which is why I purchased the course.

    I really don't have much interest in building sites from scratch, improving them with all sorts of techie tricks and then trying to make a killing selling them for $1000 or more on Flippa.

    What I was really looking for was a way to quickly find some "Diamonds in the Rough" on one site and then making $100 or so profit (after expenses) on another site. I'd rather not devote my life to this - ya know?

    So, am I being naive here? Do we absolutely HAVE to treat this whole thing like rocket science? I guess what I need is the Reader's Digest version of the PDF!

    Lost in Idaho


    Did you review the "Action Plans" at the end of the course? They might be exactly what you're looking for.
  • Chris,
    I have studied the action plans over the last few hours. Unfortunately, these are mostly very generic in nature. For example,

    Day 2) Negotiate, purchase and transfer website. Add Google Analytics in preparation for flip. Advertise text links/banners for sale. Site purchased should have opportunities to create quick revenue streams or be extremely undervalued.

    Just this one step requires that I become an expert in Google Analytics, advertising and selling links/banners, recognizing a truely undervalued site, etc, etc.

    I'm sorry if I sound negative here ... but the learning curve of this business just seems so very steep! I'm a retail salesperson by profession and this tech world has got me completely bamboozled!

    Anyhow, I'm plugging away!

    Lost in Idaho




    [quote="chrismyates"]
    [quote="jrrich"]
    Admittedly, I'm a real noob in the site flipping arena. I don't know jack which is why I purchased the course.

    I really don't have much interest in building sites from scratch, improving them with all sorts of techie tricks and then trying to make a killing selling them for $1000 or more on Flippa.

    What I was really looking for was a way to quickly find some "Diamonds in the Rough" on one site and then making $100 or so profit (after expenses) on another site. I'd rather not devote my life to this - ya know?

    So, am I being naive here? Do we absolutely HAVE to treat this whole thing like rocket science? I guess what I need is the Reader's Digest version of the PDF!

    Lost in Idaho


    Did you review the "Action Plans" at the end of the course? They might be exactly what you're looking for.
    [hr]
    Chris,
    I have studied the action plans over the last few hours. Unfortunately, these are mostly very generic in nature. For example,

    Day 2) Negotiate, purchase and transfer website. Add Google Analytics in preparation for flip. Advertise text links/banners for sale. Site purchased should have opportunities to create quick revenue streams or be extremely undervalued.

    Just this one step requires that I become an expert in Google Analytics, advertising and selling links/banners, recognizing a truely undervalued site, etc, etc.

    I'm sorry if I sound negative here ... but the learning curve of this business just seems so very steep! I'm a retail salesperson by profession and this tech world has got me completely bamboozled!

    Anyhow, I'm plugging away!

    Lost in Idaho




    [quote="chrismyates"]
    [quote="jrrich"]
    Admittedly, I'm a real noob in the site flipping arena. I don't know jack which is why I purchased the course.

    I really don't have much interest in building sites from scratch, improving them with all sorts of techie tricks and then trying to make a killing selling them for $1000 or more on Flippa.

    What I was really looking for was a way to quickly find some "Diamonds in the Rough" on one site and then making $100 or so profit (after expenses) on another site. I'd rather not devote my life to this - ya know?

    So, am I being naive here? Do we absolutely HAVE to treat this whole thing like rocket science? I guess what I need is the Reader's Digest version of the PDF!

    Lost in Idaho


    Did you review the "Action Plans" at the end of the course? They might be exactly what you're looking for.
  • [quote="jrrich"]
    I have studied the action plans over the last few hours. Unfortunately, these are mostly very generic in nature. For example,

    Day 2) Negotiate, purchase and transfer website. Add Google Analytics in preparation for flip. Advertise text links/banners for sale. Site purchased should have opportunities to create quick revenue streams or be extremely undervalued.

    Just this one step requires that I become an expert in Google Analytics, advertising and selling links/banners, recognizing a truely undervalued site, etc, etc.

    I'm sorry if I sound negative here ... but the learning curve of this business just seems so very steep! I'm a retail salesperson by profession and this tech world has got me completely bamboozled!

    Anyhow, I'm plugging away!

    Lost in Idaho



    That's one reason we put the action plan at the end of the course. We made the action plan a high level step-by-step plan since we assumed people have a good grasp on the main content in the course.

    Keep posting in the forum and we'll help you get as much education as you need to feel comfortable getting your first deal done.
  • Okay, I was browsing around DP this morning and came upon the following site ...

    http://forums.digitalpoint.com/showthread.php?t=2188245

    What do you think. Is it worth investigating?

    Lost in Idaho
  • [quote="jrrich"]
    Okay, I was browsing around DP this morning and came upon the following site ...

    http://forums.digitalpoint.com/showthread.php?t=2188245

    What do you think. Is it worth investigating?

    Lost in Idaho


    jrrich,
    hi.
    I'm not a big specialist, but looks like this guy sale domain only (there is no site, domain is parked). There is no traffic, domain name not premium, there are no back links to this domain... So it isn't looks like good site to spend money :)
    Am I right?

    Alex :)
  • [quote="jrrich"]
    Okay, I was browsing around DP this morning and came upon the following site ...

    http://forums.digitalpoint.com/showthread.php?t=2188245

    What do you think. Is it worth investigating?

    Lost in Idaho


    What are you looking to buy? Are you looking for a good domain that you can develop? If you want to flip it quickly, this isn't a good fit.
  • [quote="chrismyates"]
    [quote="jrrich"]
    Okay, I was browsing around DP this morning and came upon the following site ...

    http://forums.digitalpoint.com/showthread.php?t=2188245

    What do you think. Is it worth investigating?

    Lost in Idaho


    What are you looking to buy? Are you looking for a good domain that you can develop? If you want to flip it quickly, this isn't a good fit.



    Fair enough. So what constitutes a good fit that can be flipped quickly and still realize a profit of $200 or so after all expenses have been subtracted?

    A couple of those a week and I'm in 'fat city!'

    Lost in Idaho
  • [quote="jrrich"]
    Fair enough. So what constitutes a good fit that can be flipped quickly and still realize a profit of $200 or so after all expenses have been subtracted?

    A couple of those a week and I'm in 'fat city!'

    Lost in Idaho


    There is no one-size-fits-all answer here, but what I suggest is focusing on one "asset". For instance, page rank, traffic, search engine ranking, alexa rank, revenue, etc. First you'll research what similar sites sold for on Flippa with those same or similar "assets". What you'll do is get very good at finding those "assets" on DP where you know you can buy them for let's say $100 then list on Flippa for $40 and get a sales price over $350.

    Start by looking for PR4+ full websites on DP and see what similar ones on Flippa are selling for. I believe you'll start seeing what I mean.

    Chris
  • This was a very helpful thread! Hey jrrich, I appreciate your blunt honesty. How have you done in the past month since creating this thread? Any success buying & selling? I hope so. :) I'm going to head over to the 'success stories' section of this forum now to see if you've got anything up there. Cheers, and good luck!