There is overwhelming excitement when it is time for an individual to unleash what they have worked on for such a long time. There may be questions and unknown variables that stay in the back of one's mind when it is time to sell a website, but there is also hope that what was accomplished can be life changing. It might have seemed like it was taking forever, but the ability to cash in and make profits outweighs all the strain. However, before this can even take place, a sale has to first be made.
Before even attempting to sell a site, the owner must get a figure in their mind of how much the site is worth. It may be worth whatever an individual is willing to buy it for, or, it can be worth much more. The individual needs to know what price will make them happy, paying special attention to how much it costs to manage the site, its growth potential, and the need for whatever is being offered.
Some suggest that when selling a business, one needs to look at the profit, and then multiply it by ten. Or, some say look at the revenue from last year and multiply it by two. Whatever the case may be, this is just a start.
Picking the right buyer is so very important. No one wants to sell their dream to someone who does not know how to manage the site or does not have the passion necessary to make the owner's dream come true.
The more information a seller gives to a buyer, the greater the success rate. Anyone who is serious and knows what they are doing, wants as much information as possible. Sales figures are very important, along with keywords for site popularity, where visitor traffic is coming from, and the PageRank of the site. Again, the more information that is given, the more someone is likely to buy.
Many times sites come with a statistics package such as Webalizer or Awstats. Becoming familiar with these site packages can help to accurately gain access to one's site traffic. Profit and loss statements are also good for potential buyers. Showing money received from advertisers or bills that needed to be paid are also good information to provide. Sending an email letter may also be a good move for those that want to introduce their site, themselves, and share the website's history.
When searching for a buyer, start locally first. Look for buyers that understand what the seller is trying to do. They will easily be taught and recognize the value of the site. They won't have to be taught about the individual's marketplace. They will be excited for the opportunity to gain new potential customers. Then, if there is no success, search outside the industry.
When the time to sell approaches, most likely there will be a sense of urgency by the buyer, the seller, or both. Most likely, the party is the most desperate will put the ball in the other person's court. At the end of the day, each individual must make sure that they are satisfied with the terms of the sale.
Before even attempting to sell a site, the owner must get a figure in their mind of how much the site is worth. It may be worth whatever an individual is willing to buy it for, or, it can be worth much more. The individual needs to know what price will make them happy, paying special attention to how much it costs to manage the site, its growth potential, and the need for whatever is being offered.
Some suggest that when selling a business, one needs to look at the profit, and then multiply it by ten. Or, some say look at the revenue from last year and multiply it by two. Whatever the case may be, this is just a start.
Picking the right buyer is so very important. No one wants to sell their dream to someone who does not know how to manage the site or does not have the passion necessary to make the owner's dream come true.
The more information a seller gives to a buyer, the greater the success rate. Anyone who is serious and knows what they are doing, wants as much information as possible. Sales figures are very important, along with keywords for site popularity, where visitor traffic is coming from, and the PageRank of the site. Again, the more information that is given, the more someone is likely to buy.
Many times sites come with a statistics package such as Webalizer or Awstats. Becoming familiar with these site packages can help to accurately gain access to one's site traffic. Profit and loss statements are also good for potential buyers. Showing money received from advertisers or bills that needed to be paid are also good information to provide. Sending an email letter may also be a good move for those that want to introduce their site, themselves, and share the website's history.
When searching for a buyer, start locally first. Look for buyers that understand what the seller is trying to do. They will easily be taught and recognize the value of the site. They won't have to be taught about the individual's marketplace. They will be excited for the opportunity to gain new potential customers. Then, if there is no success, search outside the industry.
When the time to sell approaches, most likely there will be a sense of urgency by the buyer, the seller, or both. Most likely, the party is the most desperate will put the ball in the other person's court. At the end of the day, each individual must make sure that they are satisfied with the terms of the sale.
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