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30 Days Of Site Flipping - Setting Goals

Fri, Jun 27, 2008

Blog Flipping

In just a few short days you’ll be able to register your domain and begin your first flip.  Excited?  You should be.  Once you master the first one, you’ll see how easy it is, and you may just want to do it again!  Or you could become a complete site flipping junkie like me, and make a full-time living out of it.

I’ve received quite a few emails of people who won’t be taking part in the contest, but will be independently following my direction and flipping their sites on their own time.  This is fine people!  The contest was supposed to be geared toward you TAKING ACTION.  Which is often the hardest thing to do.  Even if you have the information, it’s not doing you much good if you aren’t taking steps towards utilizing it.  So, let’s take action!

Before we begin, I want you to consider a few things.  Lay out a basic roadmap of what you are doing, and what you plan to accomplish by doing it.  Example -

I want to start a blog on toe fungus that gets 40 organic visitors a day.  I want to build this up for 3 months and then sell it to someone else who loves to write about toe fungus for $500.

That’s about as basic as this gets… you should have more goals in there, but it gives you an idea.  I always recommend WRITING DOWN your goals, or at least typing them.  It’s much easier to visualize something if you have it on paper.  So before we begin, make a list of 10 things that you’d like to accomplish when thinking of this contest.  Remember, you have 30 days to build a site, list it, and hopefully sell it.  That’s pretty tough… so write down your goals, and feel the satisfaction as you get to cross those things off your list.  Sometimes my list of goals is the only thing that keeps me motivated.  I’ll keep a few separate lists which contain goals for specific blogs I’m creating, overall goals for the month, and long-term goals.  I want to let you in on my goals, and my lists now.  It’ll give you an idea of what yours should look like.  And before you cast this off and say “I’ll just remember my goals”… it’s much more effective to write them down, keep them, and cross them off when finished.

My goal list for the last blog I sold.  Selling price $1,500 - Time 32 Days

  • Build traffic to a steady 400 unique visitors a day - Averaging more like 1,700 per day
  • Get around 5% organic traffic - Close, got to 4.7%
  • Update once daily - Accomplished, mostly… I missed 1 day
  • Generate $200 revenue first month - $285
  • Attract 100 Rss readers - Oooops.  48
  • Sell for $1,800 - Sold… $1,500
  • List after 30 days, but before day 45 - Sold Day 32

That’s a sample, and it came off of a real list that I made for the last blog I sold.  As you can see, I didn’t hit every goal, but I achieved or came close to almost all of them.  It’s a great feeling of satisfaction when you get to cross these achievements off of your list.

Go make a list… what are your goals for this experiment?  Share a few with us in the comment field.

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Blog Flipping, buying and selling websites, site flipping

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    1. I need some help with Blog Fluff! | The Piss Biscuit | A Blogger's Soapbox Says:

      [...] one of those posts that we all dread but I’ve just got to ask. As some of you might know, Bryan Clark’s Site Flipping contest is well on it’s way… I’m in it to win it… but my problem… I have NO [...]

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