Sometimes, you build up a website, gain traffic and gain revenue just to sell it. This can be a great way to cash in when you need to.
There are plenty of ways to sell websites and you may even want to go into the business of website flipping. This allows you to build up a website and sell it once you have traffic and revenue.
Most website sales go through a site called Flippa. This site is all about selling websites and provides plenty access for buying and selling websites. Here are some tips if you plan to sell your website on Flippa or any other site.
Before the Sale
Before you actually list your site, there are some very important things you should do. You want to make sure you have the right information available, the most accurate traffic and sales information and any other metrics you need. This information will go a very long way in creating trust between you and the buyer.
Traffic and Revenue
Most buyers are going to care the most about the traffic and revenue data you can provide. Google Analytics is the best choice for showing traffic information. Depending on how you have monetized your site, you may need to provide screen shots of the payments you have received.
Valuing your Site
Most of the time, you can expect to sell your site for between one and three times the profit it brings in yearly. However, if it’s not a year old, you can expect to get about three times the monthly revenue. This helps when it comes to setting a listing price or a starting bid.
Dealing with the Sale After
After you sell your site, you need to know what should be done. The last thing you want to do is make a buyer feel like you have scammed them. Even if it’s your first time, you can be somewhat prepared for this part of the transaction.
The first thing you want to make sure is that you receive payment in full or an agreed upon deposit. You want to use an option that makes both sides happy.
After the money has been handled, you want to be ready to transfer the site to their hosting account. This process can be done by a professional from their hosting company or your hosting company, but there may be a small fee.
Make sure you know what you are getting into before you try to sell your website. You want to be prepared every step of the way to make the process as smooth as possible.