Friday, December 19, 2014

Sell your website

  • Definitely my favorite of all the above and also the one that pays the most.
  • Selling your website can make you very wealthy, or it could be just a nice retirement fund. Whatever it is, it can be a great way to get a large lump sum of cash.
  • Typically, websites sell for 12 – 24 months revenue, however if your site is old, has something unique about it or is the authority in your industry then you can expect any figure you want. I have seen some blogs go for over 200 years revenue and it didn’t even make $100,000 a year.
  • Work hard and it will pay off.
  • It is important to remember if you sold your site for 2 years revenue and it made $5000 a month, you would get $120,000. To earn that amount of money it could take you 6 or 7 years because of expenses and taxes. Also you have to consider how long it took you to build your business, if it took you a year to build your blog and it’s now worth $120,000 and you made $60,000 this last year.
  • That I would say would be a very profitable year! If you’re already at the stage where you can sell a website then head over to Flippa, this site allows webmasters to sell websites and allow people to come bid and ask questions. I have sold a few sites there before, some for 5 figure sums.
Benefits:
  • Large amount of cash.
  • Can be sold within a month.
  • Enough money not to work for years.
Drawbacks:
  • You no longer have a website.

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