Is Site Flipping Dead?
Filed Under (Buying Websites) by admin on 20-10-2008
Tagged Under : Buying Websites, Site Flipping
In the past month or so I’ve seen very little, if any, sites for sale that were worth buying. Now, when I say this, I’m referring to sites in the $1000-$12,000 price range. I’ve seen a few higher priced ones near $100,000 that looked interested but I’m not currently shopping in that range.
Thankfully I’ve seen a huge decrease in the past year of those MySpace resource sites and proxies which were mostly rip-offs. The number of site directories hasn’t seemed to have died down though. There are as many for sale as ever. I’m not sure who is buying them but they seem to be selling.
It seems that either people are holding on to sites that are worth buying or the recent surge in site flipping prospectors has flooded the market with scam sales. I’m usually quite good at checking up on things before I buy a site but even I got scammed a couple of times in the past two months by sellers who lied about and forged traffic stats “proof”.
And this is the main problem with buying and selling sites. It’s far too easy to fake proof of traffic and income and sellers know this. Any idiot with Photoshop can forge income and traffic screen shots. Even if you verrify traffic via 3rd party traffic stats, how can you verify the seller isn’t lying about income? Most sellers aren’t going to give you access to their PayPal, AdSense or affiliate accounts to check, so what can you do?
I really believe there is a huge need for a 3rd party, income verification service. A seller would pay a fee and give someone from the service temporary access to relevant accounts. The service would then take and host screen shots of the accounts and this would ensure that they are legitimate.
Given the huge amounts of money people spend buying websites, I’m surprised something like this hasn’t been around for a while. Using 3rd party traffic tools to check traffic stats is old hat and so is using services like Escrow.com to ensure a safe sale. So why doesn’t SitePoint or anyone for that matter step up and create a service to check that the site owner is being honest about the income being claimed?
SitePoint is selling a “Deluxe Web Site Sales Contract” for $97 but can’t put something actually useful in place to verify traffic and income claims. Having a contract won’t help you much in a scam unless you like spending time in court.
Until something like this is available and being widely used, I think you’re going to see the market flooded with more and more junk sites with false income claims. I’ve decided to get out of the market for buying new sites and focus instead on creating my own with a focus on promoting affiliate offers.

