Make Profit Through Buying and Selling Websites
We have had a lot of queries regarding buying and selling websites. In this article, we will tell you about how trading websites work and how much money you can make with it.
How Does Buying and Selling Websites Work?
Well, it is simple. You build a website, create an income revenue, and, depending on how much money it makes, your website gets a certain value. Then, you can sell your site (provide its ownership) to someone else if they are interested and make a good deal.
Furthermore, you may hear a lot of people using the term ‘flipping websites.’ Well, it is just like flipping real estate. You buy a website for a lower price, increase its value, and sell it. After you get the money, you reinvest it on another website of higher value and continue the process.
How Much Does It Take to Create a Website?
If you haven’t made a website before, then you probably are curious about it. Well, we can’t give an exact answer, given that many factors come into play. For instance, a web development project with a lot of features and custom designs can be worth more than $50,000.
Anyway, one thing we can say is you don’t have to worry even if you don’t have a lot of money. It is doable for less than $100 (or even $50).
These are the two basic things you need to invest in while creating a website:
A Domain Name
It is the name of your website. You need to register for it. Normally, on sites like GoDaddy or even in your local Domain name provider, you can expect to pay between $10 to $20 a year. In some cases, the domain name can cost more than that, that is when other people have already registered a domain name before, and you need to buy from them.
Buying hosting means buying a space on a server computer where you need to store your website’s data. To understand clearly, the content (image, video, text, etc.) on your website needs a place to stay. A hosting server will keep your data for you. There are three types of hosting:
It is the most affordable type of hosting. It usually costs between $2 to $17 per month. In shared hosting, a single computer stores the data of multiple websites.
Virtual Private Server (VPS)
In a virtual private server, the host computer is divided into multiple virtual devices. Each virtual machine houses a different website. It is faster than shared hosting, and the price range is between $20 and $50 (some could go up to $100).
Dedicated Server Hosting: In a dedicated server hosting, a single computer holds the data of only one website. This makes the connection very fast.
VPS is the most expensive of all. On average, it costs between $100-$200 per month, but the price can be higher or lower depending on the service provider.
How Much is My Website Worth?
If we are talking about the regular industry standards, the rule of thumb is that the price of your website is six to seven times more than the revenue it is normally generating. Anyway, the revenue or the number of ads isn’t the only factor.
You need to make sure that your website has a good Domain Authority and a Trust Factor. If you are only working to build a website for making money through ads, people won’t be willing to pay a lot.
For instance, take two sites. One is generating $1000 a month while the other did $3000 last month. People are not going to buy the latter even if it is bringing more revenue if the website shows a lot of ads and pop-ups, forcing every visitor to click on every single one of them.
If you have a good quality website with a lot of promise, buyers may be willing to pay more than five or six times the revenue you are bringing in. It is all about impressing the inquirer with your work.
Buying and selling websites is profitable. Anyway, it is one of those ventures that take a lot of dedication, hard work, and time. After all, you will be building a lot of websites, and working on a lot of content.
We hope this article helped you. You can contact us if you want more information regarding buying and selling websites, and you can also contact us for every kind of IT service in Singapore.