2009
Desmond Ong is the co-founder of The Site Flipping Code with his business partner, Jani G. Desmond has been regarded as one of the top site flippers on the internet due to his vast experience in the field as well as his remarkable strategies to flip sites.
1. How did you first get started with internet marketing? And eventually site flipping?
Hey Stanley. I got started in internet marketing when I was 15 year old. After reading ‘Rich Dad Poor Dad’ by Robert Kiyosaki, I realized that I need to make a life changing decision and I decided to make money on the internet.
My first business on the internet is by selling customized stuff on eBay and I wasn’t doing very good. After realizing I need to move on, I bought the late Corey Rudl’s “Insider Secrets to Marketing Your Business On The Internet” which is a home study course. I started to get into niche marketing and made some money out of it selling $97 eBooks.
Then, there was this blogging trend when everyone has a blog and I decided to get into the blogging business as well. Unfortunately, I am never a good blogger and decided to sell those blogs away and I was shocked to be able to sell 5 blogs for a combine amount of $3,000.
And that’s how I got into the site flipping business.
2. What was your most successful site flip? What niche was it in? How much time and money did it take?
My most successful flip is really a fitness and diet membership site that I sold back in 2008 for $12,000. It’s not a lot of money but I only took less than 10 days to complete the website and recruited over hundreds of members that will pay the recurring fees.
After seeing the result of that flip, I managed to duplicate the success over and over again.
3. What types of sites should people flip? What types of sites should people avoid flipping?
There are a lot of sites that people can flip – from forums to blogs. I personally recommend people who do not know anything about site flipping to flip turnkey script sites. There are a lot of turnkey script sellers on the internet and sometimes you can even buy them for as low as $10 and best of all, you can use the same script over and over again on different domain names. Plus, it’s very noob-friendly.
The type of sites that people should avoid flipping is really…none. I personally believe that every site can be flipped. Even if the website is the worst website on the internet, you can develop the site for a few days and that website can be sold for a higher price that you could imagine.
4. How do you find the right niche?
I always pick the hottest niches like health, dating and money niches. I suggest newbies to go into the hot niches too because in hot niches – it’s impossible for you to go wrong.
Otherwise, you can always go to Clickbank and check out what’s hot and what’s not. If a lot of people are buying that stuff in that niche – you can always be sure that that’s the niche that you want to get into.
5. What is the number one mistake people make when it comes to site flipping?
There are actually 2 number one mistakes that people always make.
The first mistake is pricing their sites ridiculously high. I’ve seen some sites that have no traffic, no earnings and bad designs without any history selling for $1,000. For example, not long ago, I just saw a plain blog with plain designs, 6 blog posts, no earnings and no traffic was listed for sale for $450. Of course, that blog was not sold.
The second mistake is skipping the basics. You have no idea how many of newbie site flippers actually skip the foundation of site flipping. You need to learn to start from scratch so you know how to outsource the works easier and cheaper as well as how to build the best sites.
6. Many of the readers here at TUK are bloggers. What are the keys to flipping a blog?
Blog designs.
Blog’s value has dropped ever since the CPA marketing trend took over. But generally, if you can have a blog that makes $100 per month (easily attainable), good theme design, powered by WordPress – your blog should have a value of more than $1,000.
7. How do you grow your website after you’ve purchased it or built it from scratch? When is the right time to “flip”?
The best way to grow websites is to prepare a schedule of when you want to bring traffic to it and also a plan on how to make money of it.
For example, if you bought a product site which sells eBook in the internet marketing niche (big niche in the “money” niche), you can plan out how much you want to run PPC on it. The most effective methods to quickly grow it are to leverage other people’s mailing lists and forum marketing. You can run a WSO (Warrior Special Offer) on the Warrior Forum and after making some sales – you could flip it for big profits.
The right time to flip is very subjective as it depends on the market and types of sites which we will cover in The Site Flipping Code.
8. How are you able to demand the best prices when selling your websites? How do you write the best ad copy for your website listing in the marketplace?
Demanding a good price for your site is easy if you know what the main selling points of your websites are. Most of the time, you need to know what the buyers want in a site. Most buyers obviously love sites that are generating good earnings (passive would be even better) as well as good design. Some go for long term potential.
Another great way to demand good price is to increase the number of bids in your auction listing. The more bids you see, the higher chance that the buyers will want to “buy-it-now” bid your site. Of course, you will need to know how to fish for more bids. One method that I like to use to fish more bids is to give away review copy of whatever that I am selling on my site to bidders only. This prompt interested buyers to bid.
Writing a good copy is essential but a listing copy is very different from a sales page copy. The main thing that you need to remember when constructing a listing copy is to be straight to the point and as simple as possible. Lesser words are always better because trust me, no one wants to read a six thousand words listing copy. Use some basic HTML (if you don’t know HTML like me, get NVU which is a free HTML editor) to give the headline and sub-headline some striking colors like dark red or blue. Make sure you use paragraphing wisely.
9. Tell us a bit about The Site Flipping Code. Who do you think this product is for?
The Site Flipping Code was born when Jani G (my business partner for this project) knew that they were a lot of people approaching me to ask me questions related to site flipping as well as paying me big bucks just to coach them on how to make money from site flipping.
Because of this incredible demand, we decided to create The Site Flipping Code which is both of me and Jani’s biggest ever launch.
The Site Flipping Code is really the best product on site flipping on the internet currently in our opinions because it is broken down into many different courses that cater people who have no idea how to make money online to experts who know how to program a powerful website. Most importantly, the theories and strategies that are outline in the course are proven to be effective after we went through many trials and errors that took us over 6 months to test!
10. Thanks for your time. Do you have any final comments?
You’re welcome Stanley.
I know a lot of people have yet to take action even though they want to make money on the internet. My advice is, just do it.
Just take action and do it. If the outcome is successful, then, that’s great because you can make money…and maybe even lots of money. If the outcome is a failure, you still gain something…experiences and lessons. A lesson that will teach you not to repeat the same mistake again. So, there’s really nothing to lose if you take action.
I started out with nothing. My parents do not believe in me. My friends think I’m lying. My teachers think I’m crazy. But so what? You shouldn’t care about what people think about what you think. You know what you want and it’s your own destiny to pursue it.
Thanks everybody.
Update: Great follow-up responses posted by Desmond below in the comments section
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Fantastic interview and my hats off to Desomond
Nicole Price´s last blog post..The Most Expensive Paintings Ever
This is a really interesting interview, Stanley. I’ve always been blown away at how much people are willing to spend to buy a website. If they can’t create that website, then how are they going to maintain it? If they are able to maintain the site, then why not just create it? I’m sure people much smarter than me have figured this out; I just don’t understand.
Thanks for the interview, Stanley and Desmond!
Nick Tart´s last blog post..I’m Starting an Internet Marketing Service – JJ Entry #19
Hi Nick,
That’s a good question there.
The fact is, lots of people buy websites to build a large network of websites that will generate them income.
For example, one of my buyers have over 30 websites generating ONLY $100 per month. That’s already $3,000 every single month!
Plus, it is more convenient and faster to buy a site than building a site from scratch.
Cheers
Hey Desmond, thanks for responding. I suppose it’s a lot like buying rental properties, except on a smaller scale. It’s not that they don’t know how to maintain the house/blog, as much as it’s more efficient to buy one that’s already been built and ready to go.
Nick Tart´s last blog post..I’m Starting an Internet Marketing Service – JJ Entry #19
Sorry, but I have to comment on the increasing frequency of interviews…I wish you can mix some normal posts with these interviews. No offence to the interviewed though
TheAnand´s last blog post..Gestational Diabetes Diet Plan
Awesome interview. Thanks Stanley and Des.
However, I’d like to know how Des can build up a blog streaming $100 per month fairly quickly. A possible blog post idea?
It doesn’t seem so hard if you’re looking at one blog, but when you’re looking at many….
Static | ahnternet´s last blog post..Username Branding
I usually buy blogs that are generating $20-$50 a month and then I added in some other streams of revenue into it.
To easily get $100 per month,
I usually target affiliate programs that pay big amount of money (anywhere between $30 – $100 is good amount of money) per sale. So, all I really need to do is just push the product well and make a few sales and I am already making $100 per month.
I would suggest you to avoid AdSense though because AdSense is too slow and earnings per click is too low. Plus, the ads just reduce your spaces on your blog that you can use to promote other stuff like affiliate programs.
Yes, it sounds really hard when you are juggling with many blogs — that is where outsourcing comes into play.
I just outsource most of the works!
That’s a great answer
I would loved to read a strategy applied by Desmond in rising up the ranks in a niche which is very saturated. He said that you should go for attractive niches, such as dating, etc. These are competitive niches too. How do we overcome the competition here to increase the value of our blogs?
Domain Name Blog´s last blog post..Domain Registration Length – Does it Matter?
Basically, I don’t aim to “take over” the niche. Out of the huge pie, I just want a small piece of pie.
Basic SEO and small basic marketing strategies like forum marketing and blog commenting come into play here.
Most people are worried that they cannot build a business in a competitive niche — which is something that I don’t believe in because almost 80% of my businesses are in competitive niches like dating, health and make money online.
Don’t let that stop you.
Cheers
Hi Stanley..
Congratulations for your interview with Desmond..
This is a good interview.. Waiting for your other interviews in future :p
Hehe, desmond is spilling the beans here… watch out..
Melvin´s last blog post..Is There Such A Thing As Overrated Blogs?
Tried signing up on the ’site flipping code’ website (in both IE & FF), but every time I enter an email address, I am sent to an error page that states:
“E-Mail Address is not in a valid format”
Hey Steve,
Sorry for the trouble. We have problem putting in the code from Infusionsoft to the bottom one.
Anyway, enjoy the great contents in there.
Correction / clarification:
Top email field entering works.
Bottom one does not.
Three things interest me here.
“I started out with nothing. My parents do not believe in me. My friends think I’m lying. My teachers think I’m crazy. But so what? You shouldn’t care about what people think about what you think. You know what you want and it’s your own destiny to pursue it.”
My comment? Fantastic!!
Avoid AdSense – The greatest advise one can give.
Outsourcing – Again, a fantastic strategy!
I am really impressed.
Nicole Price´s last blog post..The Most Expensive Paintings Ever
Thanks Nicole.
Now this is what I’m talking about… Thanks for the great, valuable information. I just recently got into affiliate marketing and it’s challenging work. I’ve always wanted to do flipping, but I don’t know how some of the process works. When you buy a site, what happens next? I see listings say, “…will transfer do your host…” and so forth, but how does that work? When you sell a site, how do you hand over the site to the new owner?
I kinda get the full picture but I don’t understand the technical parts.
Jeremy´s last blog post..What is Health?
“Will transfer to your host” means the seller will transfer the site to your hosting server.
Transferring a site is a very subjective question as it really depends on which type of sites you will be transferring. (We teach 5 types of sites in The Site Flipping Code)
Oh and another thing, I hear the word “outsource” all the time. What exactly is it?
Jeremy´s last blog post..What is Health?
Outsource – paying someone to do your works. (I guess)
LOL. Well, basically let me give you an example. I don’t know how to design.
So I pay an Indonesian to help me to design. (per project basis)
Basically, I am outsourcing.
First of all I want to say thank you for sharing this interview with us. Desmond do you teach these techniques, how to make a site earn $100 a month in the free guide on your site? Thanks for taking the time to read my comment, and I wish you all the best.
Pariswheel´s last blog post..Romantic Graphic
Yes we do. You’re welcome.
Site flipping really isn’t that easy for some of us, but it’s worth a small investment at times.
-Mike
Free Arcade Games´s last blog post..Warrior Doll
ohh thanks for aour tips i find your article interrested
I read your article carefully because a lot of very useful information that I get.
After your current series is over, perhaps a post on outsourcing can be thought of.
Nicole Price´s last blog post..The Most Expensive Paintings Ever
I had no idea so much money could be made from site flipping. I hadn’t really looked at that side of things before. I have read up on buying and selling domains.. but site flipping could on the whole be more profitable. That was a brilliant interview and very insightful, thanks to you both
Great interview. There are some people, who know what they are doing, totally killing it in the site flipping business.
Kuan´s last blog post..Authority Loophole – FREE Backlinking Software!
Some great insights in this interview, thanks for sharing. Gotta get rolling on this website flipping biz.
Superb interview. Never read something like that before. Thanks for sharing it.
One of the most valuable elements to buying an existing web site is its longevity. Google likes established sites, and longevity is not something you can buy on a new site.
That’s extremely impressive. People would just be excited to flip a website and profit 12,000 off of it. I think it’s all about providing wanting value for that blog or website for it to be worth buying.
I have never been able to flip sites, I like working on them for long times instead
Nice post. Desmond Ong is definitely interesting and offers insightful information.
Very interesting article, I have never really looked at site flipping much myself but i will definitely be considering it as a possible source of income now.
Great interview, I really never heard of site flipping before.
Site Flipping is basically just “remodeling it” to make money off of it.
great tips on site flipping, i already flipped my blog 2 times at sitepoint but it is only $350
hope i can learn more on flipping websites.
This flipping websites activities most be combined with great deal of luck, because sometimes pure luck can be above all knowledge.
All you need is a website with a dazzling display. Not long ago, I just saw the blog with a stunning display to sell 1.350 in ebay. That blog only 19 day old.
-Andreas Lee
When no one believe in you …. bam … you score it. That’s the best part of this interview.