As all of you now know that I am a retired website flipper and I have made my fortune by selling my 100 most profitable websites and blogs portfolio for whooping US$ 3.5 million to a multi-million dollar dot com company in Jan 2010 and taken the retirement at the age of 28 years. And right now I am travelling the top 25 most beautiful cities of world such as Vancouver, Capetown, Hawaii, Las Vegas, Shanghai and many more….

Many of my friends and readers of this blog ask me that What is your next plan? Will you continue flipping websites for the profit in the future or you just want to enjoy your rest of the life? Well, honestly speaking I love to work few hours a day at my own convenience.

As you know that I personally don’t like to do a job and that’s why I have chosen this career path. But well, Today I am financially free because of selling websites and I don’t need any more money as I regularly make more than enough money from my $ 3.5 Million corpus every month on which I can easily live for the rest of my life.

And this is the reason you don’t see any kind of advertisements or affiliate products on this blog. This is because I don’t want to sell you anything via this blog as this blog is a collection of my own experiences, mistakes and blunders of website flipping. I have learned a lot in my life from my own mistakes. Well, let me tell you honestly that I am not any kind of GURU or an Expert who has launched his blog or a website to sell you something.

Anyways, so back to the topic.

My Business Plan of Selling a Website for $ 1 Million

I don’t want to do any small to medium sized website flips anymore. Now onwards I will only focus on 7 figure website flipping. I mean a website or a blog having net worth of $ 1 Million. In other words,  I am talking about building a website or a blog out of scratch and sell it for a whooping $ 1 million after working on it for few years.

Now, here I will reveal you my own plan of 7 figure website flipping. Well, I personally don’t want to take any stress in my life anymore and that’s why I will do it in very usual and smooth manner.

So How a Million Dollar Website Selling works?

Well, see a website or a blog is a business. It’s not just the virtual space but it also provides value to the people around the world and generate a cashflow for you. According to international business standards, the valuation of any business is roughly 3-5 times it’s annual revenue.

So to build a million dollar website I don’t need to generate a million dollar income from it every year. but I need to generate sufficient income every year from that website by multiplying it with a factor of 3-5 can make a million dollar? Don’t understand? Well, let me explain you this by the Example.

Well, suppose you own some Asset right? and now that Asset generates $ 1000 of annual income. So according to international business standards how much the valuation (net worth) of that Asset. Well it can be anywhere between $ 3000-5000. This is the standard rule of valuation and the valuation of any asset around the world such as stocks, real estate, businesses or any other asset is calculated in such a manner by finance gurus.

So if we do the simple maths than if I can build a website or a blog that generates US$ 200,000 to $ 330,000 every year than by multiplying these figures with 3-5 can make it’s valuation to US$ 1 Million right? So let’s take the mid figure of US$ 250,000.

So I need to develop a website or a blog out of scratch in such a manner that it can generate average US$ 250,000 every year. If I can do this than  I can sell my that website business for US$ 1 Million or more.

How Will I chose a Niche for my Million dollar Site Flipping?

Well, the first thing is to chose a profitable niche in which already other people around the world are making money.  The following 3 niches are the huge and hottest money making niches.

01) Health & fitness

02) Money & finance

03) Dating & relationships

I will personally plan to chose any one of the above niche. Well, I don’t like to chose broad niche for my next website flipping venture. I am planning to chose highly specified and narrowed niche. In other words, I am not planning to launch the encyclopedia on Money and finance. but I am planning to narrow down my niche such as,

- Get out of Credit card debt

- Weight losing tips for pregnant women

- Investing in mutual funds

- Debt Consolidation help

- Diabetes and fitness

- And many others like this……

The key is to chose a niche which is highly specific and there is a huge demand for some kind of quality information product in that niche.

Choosing a Domain Name for my Million Dollar flipping

Of course, I will buy a domain name from GoDaddy.com. Because it’s the best. I will look for the following domain names.

- Keyphrase.com

-Key-phrase.com

-KeyphraseXYZ.com

- XYX Keyphrase.com

Suppose if I don’t get these domain names for my next venture, I will buy them from domainers. I am willing to pay as high as US$ 10,000 per domain name for my this venture because choosing a perfect and short domain name is the key of success in the website business. I don’t mind investing $ 10,000 for buying the desired domain name as I am going to make much more money than this.

Installing a Website on the Web Host using Joomla

Once I will buy a domain name, I will install a unique website template on the web host. I use HostGator.com as my favorite host. I will use Joomla to build my own unique website template. Many of you may never heard about Joomla. Well, let me tell you that it’s the best software to build and manage your own website and its content.

And on the top of this it’s a free software to use. So go for it.

Choosing an Affiliate Product to Promote to generate income from the website

The next very important step is to find some good digital information product to promote that perfectly fits in my niche. I will chose these products from the following 2 marketplaces.

01) Clickbank

02) Commission Junction

As both of the above are the reputed marketplaces to find good affiliate products online. I will also do some market research on the internet to find out that which kind of digital information products in any niche sell more than the others. In other words, I will find out out that which kind of product in my niche is in high demand and after doing thorough market research I will chose a good and quality product for my website business.

Creating Unique and Interesting Content for my Website Business

Now comes the very important part and that is content creation. As I personally don’t like to write in niches about which I am not passionate about so I will hire 2-3 good high quality freelance writers to write excellent unique articles for my new venture.

Remember that the content is the king. And if you can create unique and interesting enough content than the sky is the limit for making money online for you. I am also planning to pay US$ 5 per article to the quality freelance writers. I know that this will be a really high cost but according to the size of the venture, this is an Investment.

Doing the Social Media Marketing of my Website

Now comes another important part of the entire venture and that is website marketing. We do website marketing to drive a targeted web traffic. there are several ways to market your website and content but I personally prefer the social media sites to market my content and websites such as,

- YouTube

- Digg

- Delicious

- StumbleUpon

- Facebook

- Twitter

Obviously Google is outstanding source of web traffic but it takes a time to build the natural links and drive a targeted organic search engine web traffic and this is the reason I personally prefer Social media websites to drive a huge web traffic. Believe me, social media is the excellent way to drive a web traffic and build a popularity of your website business in a short period of time.

Selling a Website for $ 1 Million – How to find a Buyer for the website business?

Now comes the most exciting and the adventurous part of the entire venture and that is finding a buyer for my website which hopefully will make US$ 250,000 every year…!!!

Again i have already covered this topic in very detail on my previous blog post,

How to sell Website? – How to find a Buyer for your Website?

You can read the above post and learn more about how I find buyers for my websites?

So this is my over all website flipping plan for selling my website for whooping US$ 1 Million in the next year. This is my whole next year plan. Anyways…. You can add some valuable comments on my this plan and guide me if I am wrong anywhere.

Well, see I am not any Expert or GURU so your valuable comments and feedbacks to improve this million dollar website flipping plan are most welcome.