Do you want to know? How do I make 80 thousand dollars in a year without any knowledge just by (Buy and sell website) website selling business?
Many of the time you might have heard from your friends or colleagues that we have generated a handsome amount of money by selling and buying websites. And whenever you ask how? they replied. Simply just by website selling. Therefore most people among you don’t know how this process starts, works, and how much can be profitable, time taking and costly.
Don’t worry, today here I am going to tell you the full procedure of website selling business along with my experience and all research which I did while writing this article. Like all businesses this business also has some pros and cons of which we will also take a look at.
My journey for buy and sell website:
Hey, I am Maryam Shah. I was a blogger and now an entrepreneur too. I was a flop blogger. 5 years ago I had a site which niche was general. At that time, I had no experience of how to get traffic or how to promote blogs, etc. Moreover, I had not much time to give my site to improve its ranking. Therefore, sometimes I did work on it and sometimes not. But The income generated from my site was $30 per month.
One day I saw an ad for a buy and sell website then, I decided to sell my website. I login into flippa.com and posted my site for sale for 1500$. After 12 hours I get the first bid that was just for 1200$. I ignored it and started to wait for more bids. Then just in 3 days, I got 23 bids and the highest one was the 4400$.
So I sold my first website for 4400$ whereas I was shocked because it was unexpected for me. But I found this work interesting and beneficial. After My first sell, I explored this business more and understand all the statics and secrets which everyone should know while doing this business. Thus I started my career in it and in the first year, I made $80k by using the different strategies.
I know after reading about my journey. You are more curious to know. So let’s dive into the process of making money.
Who is eligible to start a buy and sell website business
This business is really good for all the people. Who wants to make money by working online and have between 150 to 300 dollars to use.
It is easy and possible for all types of people. But it is best for the content creator, digital marketers, SEO experts, and web developers to make their name in this business. Because their field can give them extraordinary success in this business. Such as, can save money by doing some things on their own and can understand some things more greatly rather than others. If you are one of them or felt eligible.
subsequently, by doing this business you can make your online money making dreams come true.
Procedure for website selling business:
Here is the recipe to start to buy and sell website work, in that I described the whole procedure step by step. Hence go and read.
Selling websites: This is a kind of online business, in that we can sell or buy any type of website for different prices and by getting a commission in different ratios.
Types of websites: In the Website selling business, usually some types of websites get more bids and are easy to sell. Including eCommerce stores, content sharing websites, and auto pilates websites.
In Website selling work we have to invest money and time in a few phases:
Domain and hosting: Top-level domain and good hosting are very essential for a website. Always buy those domain extensions which are most popular such as .com, .net, etc. While select hosting plans accordingly to your website requirements.
Website creation: Development and designing of websites is the main thing where actually we need to invest. The procedure of creating a website has different types that entirely depend upon which type of website do you want to create. E-commerce stores and content sharing websites we can easily make using different website builders like WordPress and Wix etc. While for the tools sites we need to go for custom websites. For both methods, we can hire web developers from different freelancing sites.
Content to post on site: After the creation of the website, the next step is the creation of value-giving content. Which definitely we decided before making the website. Usually, all types of websites have content in written form. But content-sharing blogs and e-commerce stores always need more articles. Which we can write by own otherwise we can hire content writers for this purpose. Likewise, at this phase, we can have to pay writers for creating the content for the website
Ranking: Ranking websites on different search engines is very important it and it is just possible by doing SEO. If you don’t know how to do SEO then we can have hired an SEO expert. For this too we can need money.
Selling website: After the all above steps, the last step has come which is the selling of the website. Means the time to enjoy the result. The selling price of websites is decided by website worth or from monthly revenue if your site is made 100$ per month and 1200$ annually then your site estimate price will be 3500$.
Profit rate: In a buy and sell website business, you can sell your website for double or triple price of the actual amount of your site. If you want to sell it for lower or higher prices then the choice is totally yours.
Top 5 sites to buy and sell websites
- Flippa.com (commission rate between 5to10 percent)
- Empire flippers (commission rate between 10to15 percent)
- Micro acquire (free for both)
- Exchange (takes some Commission after sell but the listing is free)
- Side projects (free for both but have a premium version )
Alternative of the first method
Besides this complete procedure, there is another alternative method that is very short and easy to follow. But it will work for you if you have some extra money to invest and want to start this business but don’t want to go through the full process. The second method is, you can buy a site from the buy and selling website, afterward do some work on it and then can sell receiving some commission.
Along with the first method I also use this method to make some extra money and especially in that case when I get the opportunity to buy some good websites at low prices. Next, I do some investment of money and time to improve the site the state and sell it after three months for the triple price.
Pros and cons for selling websites
- It is easy to be an expert in this work.
- It is exceptional to value giving in return.
- Evergreen business.
- No limit for time, age.
- Required investment.
- Time taking.
- Sometimes hard to get client’s.
- If you want to make some extra money or want to sell your site for good prices, then you can hire a digital marketer to promote your websites. As much as your site has traffic or users the worth of your site will be according to it.
- If your site is a blog or news website so it must have Google AdSense approval. If it has no so will be good if you get Google AdSense approval for this website just this single thing presence can increase the price of the website.
- This tip is very beneficial and very interesting. If you use it. Definitely, it can make a lot of money for you. When you choose the domain name for the new website and if you are budget and marketing strategies allow you to buy an old domain. So buy it with a big heart. This can be a very great thing because you will not need to wait for time to spend making the authority for the domain. The old domain always had a good domain authority along with some search rate, That can be varied to vary for different domains. You can make a new website with an old domain afterward can sell it for a high price.