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How flipping websites is like the stock market
- slapshot 17y agoFlipping websites could be a similar experience to flipping houses: fun and profitable while the market is rising, but dangerous and unprofitable while the market sinks. Add a little leverage in there and you have potential for huge ups and downs.
- jacquesm 17y agoI don't like the term 'flipping'. A website is more than just a bunch of bits, it is usually associated with a community of users and you don't just 'flip' the investment that 100's if not not 100's of thousands have made in you. You need to take in to account the party that receives what you've created and you have to make sure that that party has your users best interests at heart. If not you'll end up with some money in your pocket but a tarnished reputation. And if you buy websites purely speculative you have to ask yourself if there isn't a market better suited to that kind of behaviour.
- cardmagic 17y agoThere are many kinds of websites, and not all of them have a community of users. Many ecommerce sites for example have no sense of community and are all about the product and the relationship between the seller and the buyer. To assume that only blogs or services are bought and sold is a mistake. However it is true that finding a proper buyer is always a concern. Buying and selling websites can be more involved than buying and selling stock for sure. If you are a computer geek who knows websites better than the stock market, then buying them speculatively could be more interesting than you give it credit.