Okay it’s now officially the end of my flipping websites challenge and unfortunately I did not meet my goal.
Now I could list some more sites to sell, but have chosen to end the auction even though I didn’t reach my goal.
I have so many other things to do to get ready for Christmas and the truth is that I am really enjoying my time off from school.
However, before I get into the results of my flipping websites challenge, let me quickly tell you why I was not able to reach my goal.
Why I Didn’t Reach My Goal
As you know, I started my make $500 on Flippa challenge two weeks ago.
Personally, I should’ve given myself more time to reach my challenge, because I know without a doubt that I could’ve reached my goal had I started it at the beginning of the month.
One of my biggest issues has always been to set goals that are impossible to reach.
Actually, I’ve always been known to set goals that are unrealistic. That’s actually one of the reasons that my friends tend to tell me that I have “high hopes.”
Anyway, I am not upset that I did not reach my goal. I realize what I did wrong.
My End Of Challenge Results
Okay you already know what I made on the first site that I flipped.
I sold two more sites, for the following profits:
As you can see I sold a site for $54. Now that isn’t much, but you have to remember that the way that I flip the sites, it doesn’t take me more than 10 minutes to set up the auction.
Actually, I already have all my auctions pre-written.
I just have to copy and paste the auction into Flippa and then it’s ready to go.
The hardest part that I find whenever I am listing a site for auction, is searching for a domain name.
I always register my domains the same day that I’m going to list my auctions.
So here are my profits from the sale:
Flippa Listing Fee: $9.00
Domain Fee: $2.17
Flippa Invoice Fee: $10.00
PayPal Fees: $2.41
After Fee Profits: $30.42
My second site sold for $49. I am still waiting for the person to pay me for the sale as the auction just ended.
Of course if he doesn’t pay me for the sale, then I will get to re-list it for free again.
However, my profit on it will be around $23.00, after all the fees are paid.
I know this because I’ve sold several at $49 in the past. (this is the lowest that I’m willing to accept for my sites.)
After Sale Profits
Now one of the things that I’ve always learned from flipping websites is that you can offer other things on the backend that can help improve your after sale profits.
After the auctions, I was able to make the following after sale profits:
Hostgator affiliate sale: $100.00 (Commission Junction pays the $100 commissions.) If you use Hostgator’s affiliate link, I believe that the commissions are only $50.
My Product Sale: I sold a copy of my Traffic Domination Guide as an upsell.
Not only that, but I also put more people on my email list.
Overall Profits With Auctions And Backend Sales
Hosting Affiliate Profit: $100 (won’t be paid out for 30 days)
My Product Commission: $ $23.97 (with OTO sale)
Total Overall Profits: $325.28
I know that it’s not an overwhelming amount of money.
But the truth is that it doesn’t take me long to set up the sites and then transferring them to the buyers with the WP Twin plugin is extremely easy.
Once the sites are transferred to the buyer, my job is over.
How You Have To Look At Flipping Websites
Flipping websites is pretty much like anything else, it’s a numbers game. The great thing about using Flippa, is that the site gets so much traffic.
You don’t have to worry about driving traffic to your auction.
The more sites that you flip, the more that you stand to make.
Some sellers are constantly throwing up site after site. I don’t do this as I just do this on a part-time basis, or whenever I need some quick cash.
I like to look at it like a business. While I may not make a lot on the actual sale part of the site, I offer upsell products on the backend. This helps you with your overall profits.
This is the first time that I was able to offer my own product on the backend of the sale.
Sure not everyone is going to be interested in what you offer them on the backend. However, if you offer products that can help them with their site, you have a better chance of making a sale.
One thing that I’ve learned from flipping websites though, is to get them on your email list.
So you not only sell the site, but you are growing your email list with buyers.
No, this method will not make you rich or allow you to retire on just one flip.
However, it has worked for me to earn a decent little income during the month.
And it’s the only method that I know of that works time and time again, without spending hours sitting in front of the computer.
Maybe next time that I choose to do a challenge, I will give myself enough time to actually reach my goals.
The only part about setting long challenges, is that I can’t follow through on them.
Time To Share
So what do you think of the outcome of my goal? Do you find yourself setting goals that are unrealistic and you know that you just can’t achieve them?
Journey To Full-Time Income