Midascode | Buy & Sell Websites

Billions of dollars are being spent every year in an opportunity called “Site Flipping”, yet despite being described as “the hottest investment opportunity for decades”, the vast majority of Internet users are not aware that this phenomenon even exists.

Investing in “virtual property” is a technique that has been available since the early days of the Internet, but it is only recently that it is reaching the mainstream. Some experts believe that the high profile takeovers of websites such as YouTube.com & Myspace.com may be the reason that the rest of the Internet has started to get involved.

Today we are going to delve into the world of site flipping, and we will be speaking to a leading website investor.

So what is site flipping and why is it becoming a popular investment option?

To answer these questions we spoke to Dean Hunt who is a world renown Internet entrepreneur and site flipping expert, and asked him to shed some light on the world of site flipping.

“Site Flipping refers to the process of buying something and then flipping it for a profit. Initially people would flip houses for a profit. But now this term has moved into the online world. The goal is the same as any other investment, buy low sell high”

We asked Dean why he thought site flipping had become so popular: “There is one factor that in my opinion makes site flipping a far more attractive proposition than any other investment opportunity, when you invest in websites you start earning from day one. If you compare this to the stock market for example, you could potentially wait 20 years before you see a profit. I know that if I purchase a website on a Monday, by Tuesday I will be earning revenue from that site. This makes it a very unique investment opportunity.”

Dean has bought over 20 virtual properties to date, we asked him to share some of his successes and failures with us: “My biggest success to date was a celebrity gossip website that I purchased in early 2007. I paid around $2,000 for the site, and within four months I had made my investment back in full. Now I make a nice sum of money every month, and this will be residual income for years to come. However, I could quite easily sell the site today for 10 times what I paid for it. The site actually gets over 250,000 visitors per month now.
In terms of failures, I have had only one so far, and that was just a small investment. I paid $400 for an antiques website, I had hoped it would take off and start earning more, but it has gone a bit stagnant. I could probably get $350 for it though, so I won’t be losing any sleep over a $50 loss.”

Dean’s investments are generally under $10,000, but he says that there are investment opportunities to suit any budget: “I have seen sites sell for as low as $20, and as high as $1.65 billion (YouTube.com). I get contacted on a weekly basis by business people who want me to find online investments for them.”

Recently Google purchased YoutTube.com for a reported fee of $1.65 billion, but now it seems this interest has spread to smaller business investors and entrepreneurs. Dean was keen to share with us some other reasons as to why he believes site flipping is the new property investing: “The factor that excites me the most is the fact that you can purchase a website related to something you love, so for example, if you like football then you could purchase a large football chat site, or a football memorabilia store. There is nothing better than being paid for something you love”.

So should we all rush out and start purchasing web property? Dean is quick to advise caution: “I believe that site flipping is by far the best investment opportunity available today, however, it is not for everyone, For example, if you purchase a website, you will either need to run it yourself or hire someone to run it for you. Most sites need less than an hour per day of time, but others will need more. If you have no prior knowledge of running websites then it would be best to hire someone to help you maintain and improve the site. I am always available to answer any further questions via my site flipping diary at www.midascode.co.uk/blog”

Knowledge is power, and today I am going to tell you why knowing the right information could save you a lot of money online.

If you have ever considered buying or selling websites, this could be the most important story you ever read.

This is a story that a millionaire business man told me a few years ago. He passed away 10 days after he told me this story, and I believe it is one of the most important lessons I ever learned.

A priest offered a lift to a Nun. She got in the car and crossed her legs, forcing her gown to reveal a leg. The priest nearly had an accident. After controlling the car, he stealthily slid his hand up her leg. The nun said, “Father, remember Psalm 129?” The priest removed his hand. But, changing gears, he let his hand slide up her leg again. The nun once again said, “Father, remember Psalm 129?” The priest apologized “Sorry sister but the flesh is weak.” Arriving at the convent, the nun went on her way.

On his arrival at the church, the priest rushed to look up Psalm 129. It said, “Go forth and seek, further up, you will find glory.”

So what is the morale of this story? And how will it help you save and make a lot of money online?

The point of this story is that if you are not well informed, you might miss a great opportunity.

This is true in all aspects of business, but it is particularly true when buying or selling websites. You need to have the best information to be able to make the best choices.

The good news for you is that you have already found the best information….

MidasCode.co.uk is a leader in buying and selling websites.

Don’t believe me? Read through some more of our articles and you will see we are an authority on buying and selling websites.

You now have two choices: 1) You can leave this website and never return 2) You can bookmark this page and also subscribe to our site feed.

If you choose option one then you will have to suffer from poor and mis-informed advice for the rest of your life. You will miss all the opportunities that site flipping has to offer. You will most probably waste all your money on crappy websites and will eventually have to explain to your wife or girlfriend why you wasted all of your savings on a cheap proxy website.

Or,

You could be smart and choose option two.

This means you are ready to hear the best site buying and selling advice on the Internet, you are ready to use this info to get the best opportunities, offers and to learn the tips and secrets that help make our team 7 figures from site buying and selling.

We never charge for our advice, so you have no excuses. Go and read through our other articles and see the quality for yourself.

Who knows… the next time the metaphorical nun is showing you a bit of leg you may just get some hot and steamy action.

If you feel offended by the above comment then send me a letter entitled: YOU ARE GOING STRAIGHT TO HELL

If you are ready to start making 6 figures per year from buying and selling websites then email me directly and start your message with: I AM READY FOR SOME HARDCORE ACTION

Tell me the types of sites you are looking to buy/sell and your budget, and I will send you tips that I would never publish anywhere on the Internet.

Dean

There are many myths that people believe when you say you are starting a web or offline business. Here are some of the main myths:

* Your family & friends will always understand the time commitment, even when no money is coming in.
Some will and some won’t. Often you can be working online at very random hours. I have worked well past 5am on many occasions, but do not expect your loved ones to understand this.

* Your friends’ constructive criticism is never out of jealousy
It is human nature to try and put people down who are doing better than you. Don’t fall for this trick.

* Your college degree is all you need to secure the knowledge entrepreneurship requires
Complete nonsense. The % of entrepreneurs who quit school at an early age is huge. Experience will always be more effective and valuable than knowledge from books.

* Anyone that has tried and failed automatically must be trusted because “they’ve done it”.
Just because they failed doesn’t mean it cannot be done. The invention of the light bulb was a failure 2000 times before it was successful.

* If the majority of your peers call the idea silly, it probably is.
Most BIG ideas are often dismissed initially. At one time even the Internet was just a silly fad for geeks.

* You have to spend money to make money
Many major sites start from nothing. I am friends with blog and forum owners who have million dollar websites and have never spent a dime.

So you want to work online for a living? well there are certain tools that can prove very helpful.

Here is my complete list of the tools you will need to work on the web:

Computer: This may be an obvious choice, as I tend to find that online workers without a computer tend to struggle! but it is also important that you get the best computer you can afford. There is no point buying a PC that is going to be out of date by the time you get it home.
Also, if possible try and get a notebook as well. There will be times (especially in summer) when you can work in the garden etc… so try not to be tied to one area.

Internet Access: Dial-up is not an option here. It would be like the postman (mail man) trying to carry his letters on his head. Don’t make life hard for yourself! get broadband/cable and you will have the speed to do your web work effectively.

Phone line: Ideally you should get a seperate phone line. Also, try and avoid VOIP like Skype and Vonage. They are great for talking to your friends cheaply, but your boss will not be impressed if you keep cutting out.

Get help from the pros: Don’t try and do everything yourself. The best decision I made this year was to hire a good accountant. These people are generally worth the money, so save yourself time and money and get a good accountant today.

Social network accounts: Social networking sites like blogs, forums, Digg etc… are well worth taking the time to join. Not only do they provide a much needed rest from the stresses of work, they also allow you to learn and netowrk with your peers. I have made some great contacts from forums etc…

Backup or Packup: There will be times when technlogy lets you down. So be prepared for this and make sure all your data is stored in an offline storage area.

If you have any more tips then feel free to add them in the comments section.

Dean

How much is my website worth? & How do I value my website? are two of the most common questions we get asked. Unfortunately the answer to these questions is a bit cryptical……

A website is worth as much as someone is willing to pay for it

There is simply no easier way of answering the questions than this.

However, if you are not actively looking to sell your site but you are curious to know how much it costs, then this answer doesn’t really help. Also, it helps to have a rough idea how much your site is worth BEFORE you list it for sale.

If you are looking for a rough guide to your sites value, then monthly revenue x 12 is used as a basic guide. Many site sellers will claim this figure is only used on very cheap sites, but they are mainly saying this to get more than x 12.

There are exceptions to the above, here are factors that may change the figure.

FACTORS THAT INCREASE A SITES VALUE ABOVE X12 MONTHLY REVENUE FIGURE

*being highly established
*Large pagerank (pr7 or above)
*Authority site (dominating your niche)
*Large member base (10,000+ members)
*large opt-in list
*Very high rankings in the search engines
*consistent growth over a number of years
*Expensive custom work (e.g expensive site design, custom coding, custom scripts not found anywhere else)
*Huge room for potential (be careful with this one, in theory every site on the planet has room for improvement)

FACTORS THAT COULD LOWER THE X12 MONTHLY REVENUE FIGURE

*Banned from the search engines
*Not been promoted
*Bad reputation in the industry
*Huge amount of competition
*Little or no room for growth
*is turnkey
*is a site with a low expected life span (e.g a site for a new computer game)
*is a site that can be easily replicated (e.g arcade sites, proxy sites, myspace sites)
*is hosted on Blogspot or related sites
*has a potent copyright infringements in the domain
*is very expensive to maintain
*requires a lot of work to maintain (e.g a blog where the seller is the only author)

The above is just a rough guide, there are potentially hundreds more factors. The above should be enough to give you a rough estimate of your sites value, simply start at x12 and add one month for each of the factors your site has in the positive factors section, then deduct one month for each factor your site has from the negative section.

e.g my blog makes an average of $1000 per month, so x12 = $12,000 site value.

However, my blog is pr7 and has high search engine rankings. These two factors are from the positive factors section, so I add two months to my valuation = $14,000

But my site requires a lot of work to maintain and is hosted on blogspot, so I remove two months value. Therefore leaving me back with a valuation of $12,000

I hope this helps, and remember, if you want a team of professionals to help value or sell your website, then contact Midascode today!

Written by Dean Hunt