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	<title>The Niche Think Tank &#187; website flipping</title>
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	<itunes:summary>Larry Clark from The Niche Think Tank is showing people how they can earn extra money online by revealing his online business techniques and secrets. Learn how to make money online with multiple streams of income, including passive income with micro niche websites in order to work less, make more money and have more freedom. Learn about attracting highly targeted traffic and selling a product on your website, learn affiliate marketing, blogging and how to survive a downed economy. In the podcast Larry interviews affiliate marketers, bloggers, coaches, niche specific people, lifestyle design bloggers, Search Engine Optimizers and many others. Larry doesn&#039;t claim to be rich, or claims you will get rich either, but he will help you to start earning money online from multiple streams of income. Larry was a displaced Network Engineer and Consultant when the economy forced him to learn how to make money online with internet business. He started making $100-$300 a month with a dating service and Google Adsense, and now makes more than $2500 a month from his online streams of Passive Income. Not quite the traveling lifestyle design guru other claim, but he is supporting his family with the income he is making online. He is teaching others how to start making an extra $1000 a month or more.</itunes:summary>
	<itunes:author>Larry Clark - Online Entrepreuer, Affiliate Marketer, Niche Market Strategist</itunes:author>
	<itunes:explicit>yes</itunes:explicit>
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		<itunes:name>Larry Clark - Online Entrepreuer, Affiliate Marketer, Niche Market Strategist</itunes:name>
		<itunes:email>info@thenichethinktank.com</itunes:email>
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	<managingEditor>info@thenichethinktank.com (Larry Clark - Online Entrepreuer, Affiliate Marketer, Niche Market Strategist)</managingEditor>
	<copyright>Larry Clark and The Niche Think Tank - 2010</copyright>
	<itunes:subtitle>The Niche Think Tank - Online Business Strategy | Niche Marketing | Affiliate Marketing</itunes:subtitle>
	<itunes:keywords>make money online, online marketing strategy, niche marketing strategy, affiliate marketing</itunes:keywords>
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		<title>The Niche Think Tank &#187; website flipping</title>
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		<title>SOLD! How I Flipped My First Website</title>
		<link>http://www.thenichethinktank.com/sold-how-i-flipped-my-first-website/</link>
		<comments>http://www.thenichethinktank.com/sold-how-i-flipped-my-first-website/#comments</comments>
		<pubDate>Sat, 19 Jun 2010 00:29:01 +0000</pubDate>
		<dc:creator>Larry C.</dc:creator>
				<category><![CDATA[Adsense]]></category>
		<category><![CDATA[All Articles]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Money Makers]]></category>
		<category><![CDATA[blog flipping]]></category>
		<category><![CDATA[website flipping]]></category>
		<category><![CDATA[Flippa]]></category>
		<category><![CDATA[flipping websites]]></category>

		<guid isPermaLink="false">http://www.thenichethinktank.com/?p=541</guid>
		<description><![CDATA[Well I did it! I Flipped my first website! I made more money flipping the website than I did in all the time it was up. Which isn&#8217;t much but hey, I got some money for it. So my first flip was a site I originally put on the auction block at flippa.com, and it [...]]]></description>
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<p>Well I did it! I Flipped my first website! I made more money flipping the website than I did in all the time it was up. Which isn&#8217;t much but hey, I got some money for it.</p>
<p>So my first flip was a site I originally put on the auction block at <a href="http://flippa.com/"  target="_blank">flippa.com</a>, and it received 2 bids total, but didn&#8217;t meet the reserve so it didn&#8217;t sell. I decided to put a little more content on there, and then I re-listed it for half price listing, since it didn&#8217;t sell the first time, and then I also redid the sales page on the auction.</p>
<p>I included the income it was receiving, the traffic stats, and some other ways it could be monetized and then crossed my fingers. It received 1 bid, which was exactly the reserve amount of $60, and it sold with that one bid. The guy then sent me all his login info for his control panel and expected me to put it up for him. However I stated in my auction that I will install the site and set it up for a small fee, to which he promptly paid me a whopping $50 to do.</p>
<p>So I received a total of $110 for that website, and a tiny amount of work, which for the time I spend putting into that site, wasn&#8217;t worth it, to some. To me it was worth the experience I received selling my first website. That experience gave me the courage to do it again, or at least I&#8217;m not so scared to sell another one.</p>
<p>The initial time I think any of us does something new, is scary. We know not the outcome, if we&#8217;ll get burned, or if we&#8217;re even doing it(whatever it might be) right. So my first one behind me, and dealing with a customer who needed help setting it up, piece of cake. I&#8217;m sure this won&#8217;t be a piece of cake for other sites I intend to sell. I&#8217;ve already moved plenty of sites from one server to another and no issues whatsoever.</p>
<p>The site I sold in question was <a href="http://www.rosebushcaretips.com"  target="_blank">www.rosebushcaretips.com</a>, and I&#8217;ll tell you why. I started that site when I was in Niche Profit Classroom, while learning their technique for building automated income sources. They give you a &#8220;Niche Pack&#8221; which is a website, basically, content and some direction on how to put it all together, along with some article marketing, and there you have a self sustaining, automated cash flow machine, right? Well, not quite.</p>
<p>The Niche Packs they were giving out were more like luxury items for sale, and in this recession no one is buying luxury items. When I say luxury I mean things that you might WANT, but not NEED. they are not necessity. So no one will by in a bad economy things that are considered a luxury or a a non-necessity.</p>
<p>The sites looked like this: <a href="http://learnroses.com"  target="_blank">http://learnroses.com</a> or this:<a href="http://www.secretbookofroses.com"  target="_blank"> http://www.secretbookofroses.com</a></p>
<p>In my opinion they look spammy and just one long sales page. You sign up for the newsletter or e-course as they usually call it, and then they send you their sales pitch after a few e-course emails. Well it just wasn&#8217;t working for me at all and I didn&#8217;t feel like that sort of sales page would sell anything, especially in this economy. So I completely changed it.</p>
<p>The way the site looks now, if the new owner hasn&#8217;t changed it, is what I made of it when I ditched the Niche Profit Classroom mode of thinking. I gave the e-book away, I put videos and tons of useful content on there, pictures, Amazon Associate Links and Google Adsense on there. Summer was coming and the traffic was going up, as it&#8217;s more of a seasonal thing, but it was ranking high in the search engines, so it will keep going up as long as the content is coming in steadily.</p>
<p>The first month I put Adsense on there it made a total of about $2, the second month it made $4 and the 3rd month before I sold it it was bringing in $7, effectively doubling each  month from the time I started doing it &#8220;My Way&#8221;. The Amazon Sales were minimal but started to go up as well.</p>
<p>The reason I sold it is this, I wasn&#8217;t really into it, I didn&#8217;t feel like working on a website that would cost me more time to build it up. Plain and Simple, I just wasn&#8217;t into it. I love roses, I&#8217;m just not that into it.</p>
<p>I also want to say that while I may seem to have spoken down about the Niche Profit Classroom, I learned a great deal from them, about What&#8217;s a good Niche, and Niche Marketing. I just took away what I felt was useful.</p>
<p>So website flipping is somewhat addicting too, as I can&#8217;t wait to sell my next one for hopefully much much more.</p>
<p>In case you want to see the auction page it is here: <a href="http://flippa.com/auctions/96464"  target="_blank">http://flippa.com/auctions/96464</a></p>
<p>PS wait till you see my Income report for June!!!</p>
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<p><br class="spacer_" /></p>



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<br/><br/><h2  class="related_post_title">Related Posts:</h2><ul class="related_post"><li><a href="http://www.thenichethinktank.com/may-income-report/"  title="May Income Report">May Income Report</a></li></ul>]]></content:encoded>
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		<title>May Income Report</title>
		<link>http://www.thenichethinktank.com/may-income-report/</link>
		<comments>http://www.thenichethinktank.com/may-income-report/#comments</comments>
		<pubDate>Wed, 02 Jun 2010 22:10:56 +0000</pubDate>
		<dc:creator>Larry C.</dc:creator>
				<category><![CDATA[Adsense]]></category>
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		<description><![CDATA[May&#8217;s income report was a slight increase from April, for a total of 1002.88. May was the month to start reorganization of my thoughts, my workflow and my direction in Internet marketing and making money online. I started the focus on writing my own product. I&#8217;m doing 2 to start with, a photography book on [...]]]></description>
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<p>May&#8217;s income report was a slight increase from April, for a total of 1002.88. May was the month to start reorganization of my thoughts, my workflow and my direction in Internet marketing and making money online. I started the focus on writing my own product. I&#8217;m doing 2 to start with, a photography book on my style of photography, Hollywood Glamour Photography, and the second on my new way of monetizing websites, the fastest way I have found to do it so far.</p>
<p>While all the marketing and money making programs I have done have been good in their own way, for one reason or another, they do not monetize fast enough to help pay the bills.</p>
<p>Like I said This month saw a slight increase from last month, and I am forecasting a gradual but steady increase from here on out. I have a few new sites I&#8217;d like to talk about, one being a Kindle Forum. <a href="http://www.thekindleboard.com"  target="_blank">http://www.thekindleboard.com</a>.</p>
<p>I am hoping to make a community of people chatting away about their Amazon Kindles, Apple iPads, and Barnes &amp; Noble NOOKs. If you are one of my readers and wish to help me out, I could use more people signing up and posting on that board. As we all know, no one posts to an empty board. Eventually it will be monetized so if you all stick around maybe you will watch it grow?</p>
<p>I have also decided I have a Domain Addiction. <img src='http://www.thenichethinktank.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' />  I buy domains with the intentino of monetizing them, but I have way too much on my plate to really do anything about it. So I have decided to start a 12 step program called domain buyers anonymous. For those of us afflicted with Domain Buying Addiction. I almost bought 2 domains today but decided not too, I have tons of domains I can monetize, but just need to sit down and do it.</p>
<p>Do you, or someone you know, suffer from Domain Buying Addiction? We can help&#8230;hahaha&#8230;</p>
<p>BTW I own over 350 domains, is that sick or what? I &#8216;d like to know. <img src='http://www.thenichethinktank.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>Anyway on to the report for this month:</p>
<p>Amazon – 48.43</p>
<p>Dating Sites – 465.17</p>
<p>Affiliate eBook  Sales &#8211; 47.50</p>
<p>Text Link Ads – 57.67</p>
<p>Google – 284.11</p>
<p>Advertising – 100.00</p>
<p><strong>Total – $1002.88</strong></p>
<p><strong>last month (April) &#8211; 977.53</strong></p>
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