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| image source- pixabay.com |
The business is lucrative and you
can get a new site at $300 while old established sites go from $550 to $150,000.
The value of the site is based on
monthly earnings, domain name, monetization method, traffic statistics, layout
and branding.
You don’t need any special skill or
knowledge to buy a website so long as your credit is good. However, selling the
property has its own challenges.
In subsequent publications we will
cover the exact step to use when transferring a website to a new owner.
The process is different between
host companies however the methodology is the same.
Buying
and Selling Websites
One of the highly profitable
business ventures online is buying and selling websites. You can build a
website from scratch with the sole purpose of flipping or selling it for
profit.
Another way is to buy old
established websites offered for sale or brand new starter websites. You can
only buy websites at a specialized marketplace or offer an outright purchase
deal with the webmaster. There are a few places to trade websites but one of
the leading marketplaces is flippa.com.
Trading websites online requires
deep knowledge of the business because you need to identify websites that have
huge growth potential. Listing your website on a trading platform is easy but
building your website for profitability and purchase is another matter
entirely.
There are also technical
requirements that could be daunting when transferring your website to a new
owner.
Website
trading
Website trading is big business |
Source
Starting
the Website Trading Business
When you decide to enter the website
trading business you need to consider a few things. You might prefer building one from scratch
then sell or buy one and flip.
On flippa.com, they have the starter
website listing for website newly built and less than three month’s old. Other
sections are for older websites and the buying and selling of domain names.
If you want to build a website from
scratch then you register a domain name
by signing up with a host company and build the website.
How to build blog hosted on Bluehost in ten minutes
Some host providers have easy to use
templates that make website building a breeze. After building your website, you
need to get it listed on Google search, yahoo, bing.com, and other top search
engines.
Other things that would boost your
website are having Google analytical, webmaster tool and important back-links
to websites that have similar topics.
Starter websites listed on
flippa.com do not need to have earned a dime but show money making potential.
Website
for sale
Website for sale image | Source
Flipping
Websites
It is much easier buying ether
starter website or old websites and flipping them than building a website from
scratch. However, if you have the technical skill to design websites with great
earning potential then building starter website is your thing.
You can start buying and flipping
websites all you need to flip websites is to have an account with flippa.com.
They have both paid and free listing but serious sellers should use the paid
listing for greater exposure to buyers.
You can choose to buy old established
website that have earning reports, growth potential and branded history.
Obviously, the older established websites are much costlier and profitable than
the starter websites.
Starter websites have zero earnings,
low traffic but show growth and earning potential. However, a starter site in
the hands of an expert becomes profitable quickly and earns the webmaster huge
returns on his investment.
Ways
to flip websites
What
is your preferred way of trading websites?
- Build website from scratch then sell
- Buy a starter website then sell
- Buy an old established website then sell
Flipping
Websites
Things to consider before flipping
websites
1 The age of the website either old
or new
2 The earning potential of the
website
3 You should consider the growth
potential of the website
4 The amount of work needed to turn
a profit
5 How much maintenance does the
website need?
6 If the website is autopilot
7 The monetization method used on
the website
8 Its current traffic statistic or data
There a virtual millions of websites
on the internet but each one covers a certain niche. Some are eCommerce
website, article directories, digital download websites, travel directories,
video websites, and forum-websites.
You have to follow your interests
and determine which website niche attracts the highest bidders.
Selling
your Website
Now you have a website you want to
sell what next. Selling websites is highly competitive so there are certain
thing you should look at before listing.
1 Make sure you only sell websites
that have started making a few dollars.
2 Websites that make money show
buyers it has growth potential
3 While listing your website
describe your site accurately
4 State clearly the monetization
method used on the website if its affiliate sales, advertisement or service
sales.
5 Include in your presentation
accurate traffic statistics by uploading analytical to flippa.com
6 Tell the potential buyer the
reason you want to sell the website
7 State the mode of payment either
PayPal or an escrow account.
8 Give the buyer exact details of
what they would expect and how the website would be transferred to the new
owner
9 Show data of at least two months
of proof of income via a screen shot
10 Finally you can set a reasonable
price before the listing goes live
How
to Transfer a Wordpress Website
Transferring
website to owner
Transferring the website to a new
owner can be a nightmare if you don’t have the technical expertise. You might
choose to use professionals to transfer the website for a fee or do it
yourself.
Some host providers would hold your
hand while you transfer the property or might help you with the process. A lazy
way is to hand over your hosted account to the new buyer, which is not
practical if you have other websites or domain in the account.
How much do websites cost?
Websites are dynamic so the prices
differ according to the age, fist page listing, earnings, and popularity. Some
websites are sold well over $10,000 but this is a rarity. Good websites with
moderate income sell from $100 to $5,000.
Starter websites under three months
old go for $1 to $350. You can make good money buying and selling website but
you must learn the business.
After a while, your confidence would grow and
you would easily turn a profit.
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