Guidelines to help you sell and buy websites

Wondering how to sell web domain names?

Domain name trading has now become a profitable business on the Internet. Premium domains enjoy great demand and are usually noted for their catchy names and remarkable traffic. If you're thinking about selling your website, it pays to be prepared. Here are some strategies that can help you in buying and selling websites:

1- Keep financial reports and tax filings current. Although there may be nothing wrong with your website, you'll scare off bidders with confusing or excessively delayed financial statements. If you've had trouble staying current in the past, upgrade your accounting software or consider using a CPA. It is vital to first assess the market value of your domain name through a domain appraisal study. Find out the market value of an extensive range of domain names such as aftermarket domains, high-value domains, top domains, secondary market domains, sounding domains etc.

2- Strive for accuracy. Serious bidders will demand a high level of comfort, especially about the accuracy of cash-flow statements. This is a time when it may really pay off to invest in audited financial statements.

3- Time your deal right. Although it always makes sense to try to sell during a hot market, it's even more important to pay attention to what's going on within your market niche. Don't try to sell during a significant downturn - unless you absolutely don't have any other options and are prepared to accept a rock-bottom price.

4- Keep things simple. Anything unusual is bad news when it comes time to selling your website. So look at your website the way a stranger would, and eliminate complications before you try to sell. If you have mixed the revenue from several websites, separate them unless you intend to sell all of them together.

5- Accept reality. If you're operating in a highly competitive market, then your buyer will insist on a non-compete agreement. If you're not prepared to make such concessions, your website probably won't sell.

6- Put a realistic price tag on your website. A good rule of thumb is that only on the rarest of occasions do companies sell for a price that's as high as six times pre-tax earnings. If you're trying to sell for more than that, be prepared for your financial status to be examined under a microscope.

7- You can display a list of domain names for sale in the advertising market sites provided by various companies facilitating domain sales. Make your site attractive enough to invite a number of potential customers. In order to maximize the chance of sales, the site you created must be provided with relevant information.

8- Sell domain names at various discount rates plus additional features. You can offer multiple domain names for a wholesale rate. Customers always look for low prices. In the rapid changing domain name market, price value can go up as time changes. So never display current price values on the sites but give an option for request price. Another selling technique is to offer domain names with longer registration periods. Domains which have been registered for longer periods invite more customers because domain buyers are always on the lookout to reduce their risk from losing names through accidental expiration.

These tips in for sellers can also be useful for people who are in the buying and selling websites business because almost everything that needs to be discussed in selling can also be taken into consideration when buying.

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Buying and selling websites have become quite a money making endeavor of the past years

Earning money through buying and selling websites:- The people have been making it a full time job. But, when you are in the market to start your own web company, make sure that you have as much information on your website, market and comps as you can.

Having enough information on the basics of buying and selling websites can give you an advantage in conducting the business. This is because it will make you more knowledgeable in the things that you are talking about. These pieces of information can also lead you to come up with good decisions that will help you earn more money by attracting more and more potential buyers.

One of the best selling points of any seller in terms of offering websites is his or her credibility. If the buying public knows that you have enough credibility, he or she wouldn’t hesitate to buy from you and can even make recommendations to his or her friends.

When it comes to buying and selling the website, here are some important things that you should keep in mind:

1. Don't be impatient. In selling websites, the sales process has to take some time if you want to get the best price. In most cases, a period of several weeks or even months is common this is because the potential buyer is spending time doing background checks not only of the specific site but other websites that he or she has been taking into consideration. So, if you want to get the best deal, it is best to wait. As they say, great things come to those who wait. Who knows? You can find a buyer who is willing to buy your website for more that you have been expecting for.

2. Keep maintaining your website as though it is not on sale. Updating and taking care of your website as if you were not selling it is one of the selling points that many people are attracted with. Seeing a well maintained website will give them an idea that you are a credible seller and that they can trust you when it comes to issues involving financial aspects. If the website is well managed and well taken care of prior to selling, it can generate good impression and will open the doors for other possible deals and arrangements.

3. Be prepared to share a lot of private and confidential information. If you are not comfortable with this then you have a problem. The less information you give the lower the offer will be from potential buyers. The more information you give the more you expose yourself to unethical buyers.

4. Unless you are selling a modest priced website, you must protect yourself with Non Disclosure Agreements (NDA’s). This is very important because it will give you an image that you are a responsible seller who can give out information. It may also reflect you as a credible seller because it shows that you are open to financial transparency.

5. You must work with other website developers that can open the doors to pre-qualify buyers. This is very important because by working in close coordination with other developers, you will not open the doors to pre-qualify buyers but can also help you get some tips in selling the website effectively. You can also get the current trends in buying and selling websites.

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