Since I’ve heard about blog flipping, like just a couple of months ago, I got hooked up with it (almost) immediately. The idea of building up a blog from scratch (or buying an old one and renew it), and then flip it for profit sounds too good to be true, actually.
After reading through hundreds of blog posts, which is quite disappointed since they only featured the same success stories of handful blog flippers, I decided to go ahead and create this site in order to share my authentic stories. So now, when you Google for “blog flipping”, hopefully, one day, my blog will appear somewhere on the first page!
Since I cannot start a blog and barely know anything about the theme, I then decided to take a course, the Blog Flipping Masterclass from Chelsea Clarke @HerPaperRoute, also an IBBA blog broker. A detailed course review will come later.
I finished the course within less than a week, mostly because I jumped over the basic parts like “how to choose a niche” or “how to set up a blog”. Btw, I’ve been blogging since 2016, so I know the ins and outs of the industry quite well already.
After finishing the course, I started with my first investment, one domain and one blog. I put both of them on Flippa – one of the biggest digital flipping markets at the moment – and wait for the buyers to bid like crazy and I would end up selling them for thousands.
It turned out flop.
The blog was set a reserved price of a few hundred bucks, turned out to have a bid of only $12! The domain was even worse, no bid at all.
So, what’s the point of this “success story” here, you may ask. Hah, now comes the best part of the story…
Case Study: How I Made My First Won Listing on Flippa
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I’m so excited I cannot wait to share with you my first ever success domain flipping story on this blog. So, not to waste your time, here we go!
After doing some research, I headed to Namecheap.com and bought two domain, becomeamagazinewriter.com and wiselyspent.com. My intention was to build up both sites, then flip them.
It cost roughly $9 each, so my first investment here was $18.
Since I already have some Blossom themes (prices $49 each) and a GoGeek SiteGround account that allows me to have as many addon domains as I want (and I highly recommend it if you want to go full speed with your blog flipping gig), I didn’t have to spend more for the hosting and theme.
I tried out with BecomeAMagazineWriter.com first and realised that even though I am a magazine writer, I don’t really enjoy writing about that topic, how to become a magazine writer. Weird me, right? So, after a very short while, I decided to put it for sale.
WiselySpent.com was a little bit different, since I planned to create some content for it before selling, but then it turned out that I had almost zero idea about the finance niche. I put it on Flippa days after.
TOTAL: 👇 $18
As of August 2020, Flippa will charge you a listing fee of $10 for domain and $15 for a starter site. I listed both of them at the same time, with the auction ended after two weeks.
TOTAL: 👇 $25
So until now, I spent a total of $43 for two listings. However, since this success story is all about the domain only, the actual fee was $19 ($9 for the domain and $10 listing fee).
I put them there and waited in vain, just to hear crickets chirping week after week…
First sale ever!
When the auction ended, I contacted Chelsea to have my blog listed on her site, BlogsForSale, but it’s a different story, so I’ll just leave it here in case you’re curious. I will, of course, write about the flip later, regardless of whether it’s a won or lost.
Two weeks after the sale, when I was least expected, a buyer from Singapore contacted me via Flippa and asked if the domain was still for sale. If yes, he would like to buy it for $50!
It took me a while to clear my head and asked him for $89, $10 less than my reserved price. He agreed without thinking twice!
Once we both agreed on the price, Flippa took the rest of the process by creating an Escrow account for me and guided me through all the steps, including how to transfer the domain to the new owner.
After the buyer accepted the domain and confirmed it within a day, Escrow took over all the legal and financial stuff. They charged a disbursement fee of $20 for this sale, while Flippa charged $8 of the success fee, leaving me $61 in total after all, and of course, my first won listing on Flippa!
TOTAL: ☝️ $61
How much I made from my first won listing on Flippa
Easy maths, I spent $19 on it and made $61 as revenue, meaning my net income is $42. Jees, I cannot believe I’ve made my first money blog flipping!
TOTAL: ☝️ $42
Well, although $42 is not a big deal, it still counts, right? It’s my first won listing on Flippa ever, you know, and it works like a super confidence boost. And as the saying goes…
A journey of a thousand miles begins with a single step.