You made a decision to buy a website? Great! at least you are not among 1000s of traditional investors who simply go hunting in stock market hoping to make profit. Not only this, what’s even worse is people like to sit on their money, buying property and get a monthly rent of mere $1,000 by investing 100K or more.
Everyone is born with an instinct of success, and ability to make it, but only the ones who think out of the box succeed.
― Unarine Ramaru
The first step is taken into the right direction but don’t just go out there on websites like flippa or other brokerage site to find websites unless you know these simple tips for making a successful purchase.
- Initial Cost:
Website should not cost you more than 12 times of it’s monthly income. For instance if website is make 100$ a month. The highest you should pay is $1200
- Maintenance :
What is required on daily, weekly or monthly basis to maintain the website and how much will it cost you? A website making $100 should not cost you more than $10 and 2 hours a week for maintenance
How does the seller drives traffic to website. If it’s organic you can consider paying higher for website since the website is getting visitors through Google. i.e a lot of work is done in order to establish the website.
- Earning Source:
Most of the people look for adsense sites just because of lack of awareness. There is a whole new World out there. Affiliate marketing is a field that exist for years. Imagine the advertisers who are paying you 1$ for a click might have the offer or product paying him $100 for a Sale. You made $10 for 10 clicks you served through your site while he made $100 – $10 = $90 for same.
- Payment Method:
Escrow is a service that provides secure environment for online transactions. Your funds will be held by Escrow until you can verify the claims of seller. Get proof of income from seller. See things in action for yourself. Once you are satisfied you can give a green signal to Escrow to release payment for website.
- After Sales Support:
Don’t get excited just because you acquired a source of earning. Most of the people had worst experience in past just because they are unable to maintain the website on their own and don’t get enough support to take care of things. Ask the seller what kind of support you will get. Will it be free or paid?
- Future Potential:
Luckily you purchased the website and it’s making money. Now what? Don’t expect fireworks. Focus on each and every detail. After all it’s your money you are going to spend. What else can you do with the site? How much will you spend to magnify your earning potential. Is it easy or needs a scientist to do so!
Last but not least, make sure you purchase from a reputed seller who has at least few reviews or who at least presents a strong case if you are a Judge.