Great post.
Being told how to do something, and then hearing a personal account like Aequitas posted are two different things. I've read about site flipping before, but the personal touch really brings it home for me.
Have you calculated your hourly wage flipping sites, Aequitas? I made decent money at my "real job" but I've grown to loathe it because I have to do uninteresting shit. Building sites is fascinating and fun.
Thanks Everyone.
As for knowing exactly how much per hour I would make doing this well I don't have an exact number to give you because I do so many things that make money its hard to calculate one aspect into it but what I can do is give you an estimate based upon the average profit made from flipping the site based upon the average time required to set up the site and get it sold.
Now I can usually get $500 for site flipping this is why I've given this number as an example and each site takes me initially about 10 hours of set up. In that 10 hours I can research the niche, buy the site, design it, catch up on content for the site, and begin my link building after if I wish to continue.
Link building I try to outsource more and more but I usually only spend about $50 bucks outsourcing some links, then I take about 5 hours total to do my own link building (Over a period of time).
So total it works out to be about $33 bucks per hour per site which in the town I live in is more money then 70 or higher percent of the people here make (I live in a low-budget town lol).
Now if you were to calculate that another way based upon total time from day one to sale day it works out to about $8 per day per site, not a whole lot right, times that by 10 and site flipping alone makes you $80 per day, $2400 per month or $28,800 per year doing it.
So in retro-spect it depends on how you look at it, it might not make sense to some people to do it but it might make perfect sense to someone else, honestly it makes sense to me to do it and I'll let you in on more of the mathmatics of the site flipping business model.
First lets say you've been doing this for a few months, really if you wanted a stable $2,000 per month you'd have to sell 10 sites at $200 each, every single month, now to get $200 per site should be fuck all to get after the site is live for 2 months and has some traffic, ect.
Now with a proper template system and after you begin to automate your backlinks more and get better at things you can speed things up a lot, you can easily push out 1 site each and every day, lets say you work 5 days a week and take the weekends off like normal people (But trust me we are not normal workers we are dedicated and work 7 days a week, well you will if your new and not making anything at least I hope your that dedicated).
But anyway thats 5 sites a week or about 20 sites a month your making, after awhile your selling 10 sites a month and banking the other 10, I say banking because what you could easily do here is take the 10 sites which could get you at least $200 so the ones that are about the 2 months old range sites, make sure these ones are your lowest income earning sites, sell them off and use a portion of the income to support and advance your larger earning sites.
See where this is leading, its a new model based upon site flipping alone, you can easily continually bank 10 of your more profitable sites per month, and loose 10 of your least profitable sites per month to advance your 10 more profitable sites but after awhile you'll have 100 or so banked sites because each month you are banking no less then 10 sites on top of the 10 last month.
This is building upon Eli's SEO empire in a way where you can support yourself to do this stuff full time and help pay for your empire, once your empire levels are built (Give it time even a year lets say) you will have built a large network of sites to support any larger newer and possibly more profitable sites you may want to have.
In reality its all about having laid yourself out a plan of attack because trust me (Had a 2 year learning experince with this) if you don't have a plan of attack or a set plan then you'll end up getting no where.
They say everyone should have a business plan to work upon even if your an individual working on your own company, I never knew how helpful one really was until I began creating and following through on it.