Welcome To Smarter Wealth, You can win $150 this month just by commenting on this blog. You can check out details by clicking here

I have been writing a fair bit about site flipping this week and I have had a question from one of the readers.

Tip Jar asks

Hey Ryan,

I’m gonna sound like a total n00b, but how is the web site actually exchanged? Do you give the person the username and password to it, or how does that work? How do they get all of the articles and files on the site?

So I wanted to talk you guys through some of the more specific aspects of site flipping which most sites do not discuss (they just assume you know, or that you will work it out). This stuff can be difficult to understand so I am going to make it as simple as possible and show you how I have done it myself.

Transferring Your Domain Name

I purchase all of my domain names on www.name.com which offers really cheap domain purchases. Once you have purchased a domain you cannot transfer it for at least 5 days, and then you can only transfer it within www.name.com

So get your buyer to set up a name.com account and then get them to send you their ‘account code’ which is found on the home page of the “my account” tab when you are logged into name.com

Then when you have that and want to transfer click on the domain name you want to transfer in your account (do this on www.name.com) and then once you have clicked on it on the right hand side there will be an “account transfer” option. Click it.

Enter in the buyers account code and then click all the boxes such as ‘resistant’ ‘billing’ etc

Then transfer the domain and the other person now owns the domain.

Transferring Website Contents

This one can be a little more trickier to explain. Basically you need to email (or send some other way) the entire contents of your website to the buyer in which they will upload the contents onto their website.

For me, I compact all the files into a .zip file (while I am on my file manager). I then download them to my computer and I will then send them in an email to the person who bought my website.

BE CAREFUL

If you are running a wordpress blog and selling it then you need to export the articles from your wordpress user account to your computer BEFORE you zip the folder etc. Because the articles are stored on your database, not within the file manager itself). Be careful because I had massive problems with this in the past.

Well there you have the more specifics of website flipping. As you can see it is not that difficult however it is a very good thing to know.