|I've been approached by someone who wants to buy my web site. We have not discussed pricing yet but I'm not really sure how much my site is worth. What's the best way to figure this out? I've been advised that twice the annual revenue would be a good price. Is this true? |
Should I ask the buyer to make an offer first?
Thanks in advance!
Welcome to WebmasterWorld Rebecca!
Here's a few threads that have discussed the same topic:
Hope this helps to give you some ideas.
How serious is the offer? We always get e-mails from people asking us if we want to sell domains or sites, and none of them have been serious offers. You might ask the person if he/she has a ballpark amount they're considering to see if it's even worth your time to come up with a final price.
Twice annual revenue will give you a ballpark figure. For yourself, you also have to factor in whether or not that annual revenue is increasing or decreasing and the costs associated with generating that revenue level. You also have to factor in your "emotional involvement" with it. In the end, give a number that you are willing to accept to completely walk away from the site.
Be aware a lot of some people use that as a ploy just to find out your traffic levels and how much money your site makes. Or sometimes they just make silly offers that end up amounting to a few days earnings.
I got one of these and I believe it was actually a sort of spam. It mentioned a domain I own, asked me if I would consider selling it, and recommended that I look at a particular site that is concerned with buying and selling domains. I responded to the email with questions but heard nothing back, and when I reread it, I thought it sounded spam-like.
Thanks for all your tips!
So the buyer is not a spammer. We've actually agreed on a price but they want to use Escrow.com to do the transaction. Again, I'm totally clueless in this area and it sounds like a bit of a hassle. Can someone clue me in as to the advantages of using Escrow.com for either of us?
Thanks in advance!
Welcome to WebmasterWorld aznaphrodite. Using an escrow service protects both the buyer and the seller, so you too should be insisting on it. :) With a trusted intermediary as escrow, the buyer is sure that he will get the site, and you're sure you'll get the money.
Just don't believe any escrow site.
(many are just scams)
call their office to make sure escrow site is real.
If you are selling it sell it at your terms.
ask for physical contact details,make agreements in written and moved on.
why to use escrow and lost 10-20% when you can do it yourself specially when big amount is involved and you can verify all things.
I got an offer for my domain it started like this yesterday,
This is a serious offer I would like to buy your domain. etc
"Make a serious offer then"
Escrow.com is fine for this..
I bought a site last year using this service and it was very smooth..
The individual selling the site was a bit apprehensive at first...but once he saw how things worked..it went forward without a hitch..
Escrow.com is a legitimate service...very nice technology for managing all the important steps in selling your site...
this is a tool that evaluates your site. It will provide you with a detailed statistics and description. Hope it helps!
|why to use escrow and lost 10-20% when you can do it yourself specially |
For the same reasons homes are usually bought and sold through an escrow service - so no one has to turn over their money or home first and then hope the other party doesn't just take the goods and run.