Blogging Tips Sells for Big Money
The popular “blogging tips” website (blog) http://www.bloggingtips.com was just sold for $60,000 on Flippa. Another excellent example of how much money you can make flipping blogs and websites.
According to the seller this blogs net monthly profit is only $1100 — so that means he flipped this blog for over 54 times the monthly profit! That’s absolutely incredible!
Typically an established blog or static website with stats comparative to BloggingTips.com would sell for maybe around 24 times its monthly profits. He more than doubled that number.
Of course, this is a case of blog flipping where the site was built up for a long time before it was sold. But that’s still a lot of money to be deposited into your bank account in one lump sum! You could spend your time building up a few established sites per year with the intent of making money flipping them, and you could easily earn a 6 figure income doing it.
Here’s the link to the auction if you are curious to check it out: Established Blogging Site for Sale
Site flipping is still a very good way to make money online. The market is still strong even in these tough times. It might not quite be as strong as it once was but it hasn’t gone anywhere, and won’t be any time soon. There’s still a lot of opportunity for you to make money online flipping websites and blogs!
Why Flip Blogs?
I get asked quite frequently why I recommend flipping blogs instead of flipping websites of other types such as static sites, ecommerce sites, single page sales letter sites, mini-sites, or any other types of websites that aren’t blogs.
There’s actually no easy answer to that question, but I will try to explain my reasoning a little bit here if you’ll bear with me. I’ve flipped many types of web sites. One of my favorite site flipping business models is to write an information product, create a sales letter, establish a couple months of good sales, then flip it for large profit. That’s a great way to make a lot of money flipping websites, so why don’t I recommend you start here?
Well, the reason is because this more elaborate site flipping business model I just described works well for me because I happen to have several key skills that are necessary to do this sort of thing. I have a lot of internet marketing and other online business experience. I can write compelling sales copy and I understand how to create a good product. I’m not bragging, I am just pointing out that there’s quite a lot of experience both online and offline that make this model viable for me. If you have it then, by all means, go for it! But most of the readers of this blog do not have that same level of experience.
However, the typical person who reads this blog does have enough knowledge and experience to build a blog in a hot niche and flip it for profit. And besides the fact that I know you have the skills necessary to build and sell start-up blogs, another great reason for you to do this is the fact that the market is huge!
Blogs are HOT sellers! And rightly so because by their very nature, blogs can easily do what most other, more static websites can’t. For instance, they are easy to update, easy to manage, and when you use Wordpress and create new content, it’s very easy for Google to find out about it. Blogs are also naturally interconnected which makes it very easy for the search engine spiders to crawl them. That’s not necessarily the case with a static site.
Another great reason to flip blogs instead of other types of web sites is simply because people love blogs. People associate blogs with quality information that is updated frequently and there’s more interaction on them. Blogs are open and other people can comment on them or even submit guest posts as most owners allow. That fact alone gives your visitors a sense of ownership of your information. They are much more likely to trust information on blogs more than information that comes from static sites.
In addition to all of this, blogs are relatively easy to build and make them look cool. There are a ton of free themes and plug-ins out there that you can use on your blog, which will make your site very functional and give it a very professional, polished look. This helps a lot when you go to flip it because website buyers respond to the visual aspects of sites. A cool looking blog will sell for much more money than a static site with the same information, traffic, and earnings.
So, why flip blogs?
I think I have answered that question well enough above. If you are just getting started then I recommend using blog flipping as your main site flipping business model. But I am not saying you should only flip blogs. Expand your horizons and see what works best for you!
Top Internet Home Business Website for Sale
I’m flipping a website for a friend of mine because she doesn’t have any experience with site flipping and wants to make sure it’s done correctly, so she asked if I would help her out. I was more than happy to do so. The site is very well established and has all the groundwork lain to become highly profitable and successful. It’s in the internet home business niche and already has high rankings for many keyword phrases related to the niche on Google, Bing, and Yahoo.
It has already aged 2.5 years, has a PR3, around 19,000 backlinks, monthly earnings of about $250 or more, decent traffic, high rankings for several competitive keyword phrases, over 300 subscribers, hundreds of pages of content… And so much more! This is definitely a website that could be taken to the top of the search engines and be making a lot of money with not a lot of effort from the new owner.
Doing all of the above on your own from scratch is going to take a lot of time and effort that you could be using on something else. You’re much better off buying this site and having all of the hard work already done for you right now.
The decision to sell her internet home business website was not taken lightly or made easily. She spent a lot of time and hard work building this site up for the past two and half years, and doesn’t want to see it go to waste.
I used the formula I always use for flipping websites and blogs when coming up with a reasonable value for this site. I am very confident that it is being sold at a fair price for both the buyer and the seller.
Anyway, here is the auction link for you to get more information and place a bid: http://flippa.com/users/55403
This site flip is a great deal for someone looking to start a new internet home business or expand an existing one. Snatch it up while you have the opportunity!
A $60,000 Site Flip
My good friend Jeff Casmer just flipped his popular work at home website 24hourwealth.com for a whopping $60,000 yesterday. Not a bad pay day if you ask me!
It looks like he got the upper hand on me as my biggest site flip to date was for $48,000 earlier this year. His site is actually overall quite similar to that one I sold when you look at the niches, rankings, traffic, and income they both have. But I did give him some tips to help him sell his so maybe I can take a tiny bit of credit for it? I guess we’ll see if he comments on this and agrees or not.
Anyway, this is just one more great example of how lucrative site flipping can be. If you add our two site flips together it comes out to $108,000 profit between them. You can definitely make money flipping websites!
How to Export and Import a Wordpress Database After Sale
Ok, so you just did a blog flip and it happened to be a Wordpress blog that you sold (or bought). You’re feeling great but now you are wondering how to you export the database so the new owner can import it to their web host? Or maybe you said you will import it for them but aren’t exactly sure how? Or you may have just bought a blog and now you need to know how to import the Wordpress database? No matter what situation you are in I am going to teach you how to do it in this post.
I know, first you had to learn all about flipping blogs and now you have to learn how to export and import Wordpress databases. It’s torture, right?! Actually it’s not very difficult if you just follow the steps below.
For these steps I am assuming that your webhost is using cPanel. If not, I recommend you get HostGator because it’s amazing in so many ways!
Let’s start with the Export from your end…
1. Login to cPanel.
2. Find “phpMyAdmin” and click on it.
3. Select the Wordpress database of the blog you want to export.
4. Click the “export” tab.
5. Under the “Structure” pane put a check next to “add DROP TABLE” and “add AUTO_INCREMENT value” and “Enclose table and field names with backquotes”
6. Find the “DATA” section and make sure the box next to it is checked. Leave the other sections as they are.
7. In the “Export” pane on the left side there is a box containing all the tables selected for backup. Make sure they are all selected. Also just be sure that the button next to “SQL” is ticked.
8. Mark “Save as file” and pick a compression type. I usually choose “zipped” but I am not sure it matters.
9. Click “Go” and wait. It’s usually pretty quick but might take a few minutes. You might also have to choose where to save it and your desktop will be the easiest to find it.
That’s all there is to it. Your database will be exported and ready to be imported into the new host. It might seem difficult when you are just reading the steps but once you are actually doing it you will find it to be easy.
Now, how to import the database into the new host…
1. Login to your cPanel.
2. Go into mySQL Wizard and create a new database.
3. Add a new user onto the new database with all privileges.
4. Go into phpMyAdmin and click the “import” tab to import the database export into the new database you created.
5. Open up the wp-config.php which is in the root directory.
6. Edit the database name, database user, and database password to reflect the new changes you have made.
7. The blog should be working fine after you switch the nameservers of the domain to point to the new webhost.
You can use this as a reference if you are exporting or importing a Wordpress database for yourself or for someone you just sold a blog to. You could also just send the new owner here so they can learn how to do it themselves.
