Like homes in a competitive real-estate market, websites can be flipped for lucrative rewards.
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We’re all familiar with the concept of flipping homes in a competitive real-estate market. The process of flipping a home takes months, even years, but the long-term rewards are endless.
Similarly, a website can be flipped for maximum rewards. A website that has potential can be spruced up, grown exponentially and sold for a profit. It’s the same concept, except you’re investing in a different kind of real estate. It’s digital real estate.
Just like you’d change a home’s landscaping for better curb appeal, you can revamp an existing website in a way that will be attractive to potential buyers. Consider these practical steps when it comes to increasing the value of your website.
Start or buy a website in a lucrative niche
There are two ways you can begin your journey in revamping a website. If you’re starting a website from scratch, platforms like WordPress allow users to easily create an account and write original content for various audiences.
Starting a website from scratch takes time and may come along with hefty fees, but the process of creating an original website can be fun, as you get to choose its creative trajectory and nurture a project from the ground up.
Purchasing a website, however, can come with many benefits, as a preexisting website can have an established user base and steady repeat traffic and...
Read Full Story: https://www.entrepreneur.com/article/415331
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