12. Flip and Sell Websites
- Estimated income: $10,000-$100,000+/year
- Requirements: web development, web design, SEO, and digital marketing skills
Website flipping takes longer to generate a profit than other online business ideas on the list. However, many business owners like Yaro Starak make significant money with this type of business.
This online selling business starts with purchasing underperforming sites with growth potential. Marketplaces like Flippa may sell or auction them at relatively low prices.
Once the deal goes through, the work to increase the website’s value begins. You must ensure the site functions correctly and is optimized for search engines. Then, conduct market research on the most effective monetization methods for the site’s niche.
The website should generate significant traffic and revenue before being put up for sale. Buyers will be inclined to purchase if it’s profitable.
Website flippers usually price sites at two to three times their annual income. For instance, an online store making $1,200/year may be available for $2,400-$3,600.