Thursday 8 January 2009

Project Archimedes Its Flipping Websites!

Project Archimedes Review

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I have a keen interest in anything which makes money, so when Ben Shaffer asked me to review Project Archimedes prior to launch I was delighted. However as my readers will know I don’t pull any punches when it comes to product reviews.

That’s the chance they take…….

A new website flipping system called Project Archimedes has just been launched. The question is does website flipping really make money, and how does it work? Project Archimedes works by using a process called flipping, flipping is a generic term which simply put means buying something below market value and selling it on quickly, at market value. Simple eh? Well if it was that easy everyone would be doing it. Flipping websites is a way of generating quick profits using virtual real estate. There has been a lot written recently about website flipping, however, it remains a mystery to most people. A guy called Ben Shaffer has written a comprehensive course which he calls Project Archimedes.

1. How Does Project Archimedes Work?

The idea behind Project Archimedes is to acquire web sites which have been neglected, of which there are thousands if not millions. Providing these neglected sites have high potential, adjustments are made to the site to take it to its highest potential and then sell it at market value, which would be a lot more money than you initially paid for it. There is no intention to keep the site for long, the idea is quick turnover. Now once you get the hang of using Project Archimedes methods this process can be repeated again and again. If done as advised, it can produce high levels of income consistently but you do need the specialist knowledge found in this guide.

2. What Happens if You Are Unable To Sell A Website You Bought?

This is always a possibility, but if you have used the system inside Project Archimedes to acquire your sites, it should be a rare occurrence. Even if you do get the odd site that won’t give you the required return, it is no big deal as the site will create passive income by using the existing income streams.

3. How Do You Find The Web Sites for Project Archimedes?
Well this is where website arbitrage excels. Everything is explained in great detail. You also need to know where the income for the site is coming from. It could be ad sense, sales, sponsorship, or any number of things that make money, but most importantly, is the full potential of the website being utilized correctly. All these skills can be learned quickly with Project Archimedes. Some of the figures quoted are mind blowing and it is well worth further investigation.

4. Conclusion:

There is definitely a very sound business model here. Flipping websites is not new but the methods and skills learned from Project Archimedes put a whole new perspective on it.

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It”s Flipping Websites!!

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So you want to become rich buying and selling websites huh? Well, it has to be said that one of the most accessible ways to do so is by the recent craze and phenomenon known as “website flipping”.

Website flipping is a buzz term for short term investing in websites. The real beauty is that unlike physical real estate, you can pick up established and profitable websites for less than a pair of trainers and turn them into residual money makers in no time at all. Then, if you get bored of babysitting that site, you can hand the keys on to a new owner and walk away with a huge lump sum of cash in the process. Welcome to site flipping, now let’s look at one of the most important parts of the entire process…

Let’s assume you have a website that you’ve found which is making a little money. You bought the site, built up the daily visitor count and even added some high priced products or high paying ads to it (all of which is explained later on in this article).

However, you’re only half way there and if you screw up with the actual selling of the site, you could stand to lose not only time but a lot of money too.

Step 1. Make sure you’re selling in the hotspot

There are numerous places to sell your website online, some more reputable and safer than others. When you’re selling a site, the things that should be most important to you are the ability to see how trusted and respected the buyer is plus an effective system to communicate freely.

Not only that, but you need a marketplace where there are a ton of rabid buyers who will likely claw and hustle for your site, through sheer competition. One such place which has all of this is Sitepoint.com.

You can list your website in super targeted categories depending on its status. For example, if you run the next best thing to MySpace, you’d list your site in the premium websites for sale. However if you have a brand new blog about cat grooming, you would list your site for sale in the start-up websites for sale. If your site is ticking along nicely, you’d go for the established sites for sale.

There are many other options and plenty of user friendly features at Sitepoint.com which makes it a great place to sell your site for maximum profits.

It does cost money to list your site for sale, but I can assure you that providing you take the right steps to listing your site for sale and have properly “flipped it” for maximum profits, then you won’t need to worry about the small fee.

Step 2. Avoid being scammed AFTER the sale

Many people worry about buying from a seller who is unlawful and a possible scam artist, but whilst this is a legitimate concern, it is also likely that the seller is worried about the buyer being less than savory. Why? Because a seller can still claim their money back, particularly if they have paid by credit card, via a chargeback.

This could happen if the buyer is either unhappy with the transfer of the site progress, or simply if the buyer is trying to rip you off. The truth is, if you’re not covered with some kind of basic contract or agreement, you might end up losing your money…which is a real nightmare if you’ve already transferred the site across to the buyer! You would have just lost your site and now facing a charge-back for the sale…ouch.

Conclusion

There are lots of aspects of becoming successful at site flipping but having said that, it is considered one of the easiest and straight shooting businesses to run online in recent years. The marketplace is thriving, you can control your budget and investments and you can essentially dictate how much you would like to earn each month as a result. Want to earn $2000 per month? Fine, just buy a site and flip it up to that level, then take the profits and reinvest. It soon becomes a snowball effect as your profits pile on top of each other.

Not sure how to tell what a site is worth selling for? Simple! Just take the revenue that it is currently earning per month and multiply it by 4x. This is a general rule and sometimes a site can be sold for a lot more than that whilst earning less, depending on other factors.

If you’d like to know what these factors are and how to get your first successful site flip under your belt, check this out:Project Archimedes

Site Flipping - 3 Crucial Pillars To A Higher Asking Price

Flipping websites is definitely a lucrative business model and is possibly one of the safest ways to invest your money because it is so controllable and flexible. Unlike the stock market that can jump around from minute to minute and the housing market than is either too expensive or completely bottomed out (like it is today in 2008), website investing is a marketplace that is much more stable and full of rabid buyers.

But whilst many talk about finding a website for sale and actually buying it, what many don’t mention is the work that is required in actually adding value to the site. After all, if you can’t add value, there is little chance you’ll turn a profit.

So let’s look at some of the first key areas you need to focus your time (or a freelancer’s time) on.

1. Improve Existing Revenue

If you’ve bought a site that is already making money, you’re in a better position from the start. Take a look at what is actually generating the revenue and replace that with higher paying ads or even your own direct affiliate links or your own products for higher profit margins. If your site is not making any money at the time of purchase, it’s time to test a few ad placements and affiliate links for related products or services.

2. Enhance customer retention

Does the existing site capture email addresses? Does it have an RSS feed or newsletter service? Does it have social bookmarking buttons so that people can share your content easily across the web? If it has none of these, then add them right away! If it does have these features, try to look at how your visitors are interacting with these features and try to improve on it. Project Archimedes Review Home -  Project Archimedes Review

For example, is the newsletter being ignored and nobody is signing up? Are people bookmarking your site? Heck, are people even sticking around for very long at all? If not, you need to consider getting better content up ASAP and provide more value and entertainment for each visitor.

3. Boost the traffic

If you bought a site that is already getting some sort of regular and reliable traffic, all you need to do is go and get more of it. The beauty is, you should already know where the traffic is coming from, so you know exactly where to go and get more of it from! If your site is not bringing in any traffic, you’ll either need to start paying for it or better still, go out and start marketing your site. There are a million and one ways to bring traffic to your site, many of which are included in a guide that I recommend later on in this article.

Conclusion

All of the information you need to tackle these three points above comes from tracking your visitor’s activity. You can do this for free using Google Analytics. You will need a Google account, but it takes less than 10 mins to set up and get running with their excellent free service. The analytics code they give you will tell you everything you need to know about where people are coming from to find your site, what they are doing when they reach your site and a whole host of other data that can give you the info you need to conquer these 3 crucial tasks of flipping a site for maximum profit.

If you’re confused about getting traffic, boosting the revenue or keeping more people from leaving or never coming back to your site, then you might want to learn more about this guide to successful site flipping. Here’s a great review on it:


A Full And In-Depth Review Of Project Archimedes Is Available Here.. It’s Well Worth A Look

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