How To Make Money Online With Website Flipping? A Step By Step Guide For 2019

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Before we get into the details of 'Website Flipping', let me give you a brief introduction of the topic just in case you are coming across it for the first time. If you already know what flipping a website is, you can skip the initial part of the article. Right!

What is Website Flipping?
Website flipping is the business of buying a pre-existing website for a cheaper price, upgrading (improving it) adding value and selling it for a profit. As simple as that.

A good example of such a business practice is the real estate industry. You buy a property, renovate it, add value for potential customers and then sell it for a profit. Another example I can think of is the Day Trading in stock markets. You buy a share when it's cheaper and sell when it's value increases. This process is called 'flipping', which is probably where the term Website Flipping comes from.

Why you should seriously consider website flipping as a serious source of income?
Much affordable initial inve…

Business Acumen: The Secret To Successful Freelancing



Hold on! I thought we were going to discuss freelancing. Where the heck did 'business' come from? Is that what you are thinking? Well, let me explain.

Business and Freelancing, despite being worlds apart, have a lot in common. The only difference being, when you operate as a business you operate as a company while when you operate as a freelancer you operate as an individual. Freelancing can be categorized as one type of business but not the other way round. In a way, Freelancing is a subset of Business. Business is the superset of Freelancing.

Now that it's clear why I am talking about 'business', let me explain what is acumen. For those who don't know, it is the ability to make good judgments and take quick decisions. A business acumen, hence, means a good understanding and quick decision making ability in business.

Most people believe that business acumen is inborn. It is believed that business talent is usually passed on over generations and one can be a good businessman only if they've been involved in family businesses. A myth that couldn't be more wrong.

Like any other skill, business acumen can be developed over a period of time. In fact, more often than not, people start from absolute scratch and go on to become great businessmen. Bill Gates, Steve Jobs and almost every entrepreneur in the world has developed business acumen over time. I, the author of this blog, am a shining example myself.

The keenness and interest in understanding how a business or a freelancing deal works is what will make you successful. You have to be really interested in knowing and learning things. Why did that company release this product? Who are they targeting? What is the reason behind the pricing? Why did they acquire their competitors? What was their marketing strategy? This kind of inquisitiveness will become the key to your success in business/freelancing.

Always remember, while money may motivate you to work, it is your business acumen that will drive you towards success. Rest of all will come later.

Peace!

Comments

  1. Thanks a lot for sharing profound tips! I find this attention grabbing and informative.

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