Dec
sell website for cash
How to sell your website fast for cash
Selling your web site can be joyous occasion just like winning a jackpot which will surely bring about a huge change to your life. Creating your very own web site requires a considerable amount of your time, energy and expense.
It’s very satisfying to see it grow and move forward. When you sell something which you have created after a lot of consistent hard work day after day and night after night, then it is quite natural that you would expect a big reward for it.
A good price not only lifts your spirits but the big cash inflow will make you feel rewarded and from thereon you can move on to new projects with a renewed vigor. But the toughest part is making the sale, which can be a tricky business. There are no hard and fast rules for selling your web site although the experiences of many web site sellers can provide you with some guidelines. Always keep in mind that there are many ways you can go about selling your web site but before you do so, be sure to explore all your options.
So what really is the worth of your web site? Simply speaking, your web site is worth as much as someone is willing to pay you for it. You need to promote your web site suitably in order to get a good price for it. Firstly, give a brief about the domain/s and what’s been sold with the domain. Make a simple inventory of all the contents of your web site and if some content is ingeniously developed by you, make sure to highlight it. Also clear whether any associated web sites, if any, are part of the deal or not. Secondly, explain clearly the length you had the web site, right from creating it, making changes and nurturing it. Also, clearly explain the nature of business the web site is intended for. You might be very clear about your own business but don’t presume that others understand it clearly too. So, always give details regarding the business being carried on by your web site.
Thirdly, give financial details about your web site; the revenue being earned by the web site, its sources and its application. In case of multiple income streams, do remember to mention the percentage contribution to revenue from each stream. Do detail the avenues where the revenue is being utilized, like advertising, your salary etc. Most essentially, give a breakdown of profit for the last few years and if that is not available, then definitely at least for the last few months. Fourthly, give the technical details and the time and skill taken to maintain the web site. Be honest while giving these details. Lastly, detail what support or training you’re offering to accommodate the new owner of the web site including willingness to sign a non-competition agreement.
Once the above formalities are done with and you have decided a price for your web site, its time to decide how the sale will be completed and the mode of transferring the money. This might seem a lot of work, but it will save the buyer the trouble of researching and asking questions which you will need to answer. Just imagine if all the potential buyers started asking questions. Better to explain everything beforehand and let the potential buyers go through it, then if they have any questions you can easily answer them. For your own safety, ensure that a non-disclosure agreement is signed before any information is passed. This way you can share confidential material or knowledge with the potential buyers while restricting it from generalized use. To save time once the deal is agreed upon, you can also get prepared a copy of the final Contract of Sale. To ensure a good price for you web site, it is necessary to advertise it where the real buyers are, the ones willing to pay you handsomely for your time and effort. Always be prepared for some intensive grilling by the potential buyers, it’s their right. With the various forensic tools available, you will be in trouble if you have exaggerated your figures or have tried to bluff your way. So, be honest and surely you will be rewarded handsomely for your hard work!
