The Website Investor exposes the financial potential of website ownership to everyone who ever wanted to own their own business and work from home. Whether you want to earn $500 per month or $5 million, there is already a website for sale doing just that.
Savvy businesspeople know never to start from scratch. The Website Investor reveals how to find websites with existing profits and existing customers so you can take advantage of someone else’s hard work.
You’ll learn how to:
• Locate website opportunities that are right for you
• Uncover hidden gems by assessing untapped potential
• Estimate a website’s value
• Avoid risk and scams
• Get the price you want
• Take over from the seller with minimum fuss
• Outsource work you don’t want to do or don’t know how to do
• Make passive income from “no effort” and “low effort” websites
Joel Comm - New York Times bestselling author of KaChing: Running an Online Business That Pays and Pays
Jeff Hunt owns more than three hundred income-producing websites and will help you get in the game at HeckYeah.org – Heck Yeah You Can Do It!
|Publisher:||Morgan James Publishing|
|Product dimensions:||5.50(w) x 8.40(h) x 0.70(d)|
Read an Excerpt
15. WHEN TO SELL AND HOW TO DO IT
This book is not about flipping sites per se, but many people love the thrill of the hunt and the even bigger thrill of the sale. Personally, I always hang onto sites that have steady financial earnings and are not too difficult to operate. As the workload grows, I delegate, outsource, or partner with other people to keep my time free to work on other projects. However, there are a lot of good reasons to sell, and I have sold in these and other situations:
• The potential sales value of the website was high, and I knew I could create a new site in the same niche and quickly replace earnings from the site that was being sold.
• The website had higher-than-expected customer support requirements, and I felt like my time could be spent on more profitable and enjoyable activities.
• The website was very dependent on traffic from Google. Though it was performing well, I had a sense that if Google changed its search algorithm again, the tide might turn. It seemed better to sell the site for ten months’ earnings than keep it and risk a traffic hit in the next ten months that would dramatically lower the value of the site.
• I had unwittingly acquired some sites that were legal to operate but pushed the limits of my own personal ethics.
• The website had lost most of its value, and I had no clue how to turn it around. I sold to avoid a total loss.
Website flipping is often compared to real estate flipping. However, beyond the principle of “buy low, sell high,” the two have little in common. After a house is purchased and remodeled, it needs to be sold or it becomes a liability. It is either tying up cash that could be used elsewhere, or it carries ongoing interest and tax expense. After a website is purchased and improved, it is a profitable asset, not a liability. So the rationale for selling a website is fundamentally different than the rationale for selling a house that has been intentionally purchased and remodeled for resale.
The business model of the website flipper is to look for hidden or potential value in websites and buy in at a good price point. The flipper then harvests low-hanging fruit by making relatively simple changes to the website that increase its earnings and overall value. The flipper then sells the website because its overall earning potential has improved, so he can get a much higher price. This strategy works well because the flipper has learned some specific techniques to improve website performance quickly, and those techniques are successful a high percentage of the time. The flipper may not know anything at all about how to take the website to the next level or may have no interest in doing so. Simply put, the flipper spends his time doing three things: buying, improving, and selling.
By contrast, the website investor also does some buying, improving, and selling, but because those activities are not passive, they don’t meet one of his main goals, which is to develop passive income streams to preserve his time for more preferable pursuits. I don’t want to be dependent on the margin of the next sale for this month’s income. As you browse through some of my reasons for selling, you will see a combination of risk aversion, financial prudence, time protection, and simple preference.
Table of Contents1. Why Buy Websites?
2. Where Do You Find Websites for Sale?
3. Narrowing Down the Search
4. Business Models
5. Evaluating a Website
6. Evaluating Future Potential
7. Other Countries
8. The Fast Flip
9. Valuation: How Much Should You Pay for a Website?
10. The Auction and Negotiation
11. The Handoff
12. It's Mine; Now What?
13. A Word About the Mobile World
14. Do You Need a Business to Own a Website? No, but
15. When to Sell and How to Do It