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Selling Website Advice for Newbie

by kayebee
11 replies
Hello Warriors

I recently had some success selling a few domains on flippa. I'm really excited because it was my first sales I made online. I'm still in some shock about it. I know I wouldn't have made a dime if I haven't been on the warrior forums learning from fellow warriors. I want to say thank you to everyone here. I truly believe that this forum has been sent from heaven. I have lurked mostly for the past few months, made a post here and there. I was hesitant to contribute or say anything in fear of sounding like an idiot because I'm not an expert in internet marketing. I'm just really thankful for stumbling on this website and learning so much information. I know it's just the beginning for me and I'm determined to continue this journey to become successful.

I have a small question. I'm about the sell my first website on Flippa and I have no clue how much I should price the website. A ballpark range would be great advice for me and I would really appreciate it.
I was going to provide these features with the site:
20 articles
1 Powerpoint presentation (10 slides featuring domain keyword)
2 custom made podcasts
2 custom made logo banners
2 icons (for advertising and link building)
Domain (with Whois Guard Protection)
14 day web support with optional website setup.

The domain itself is keyword targeted with high exact search results. I don't want to price it too high because I don't want to turn buyers away and I didn't want to price it too low. I was thinking about 300 to 500 dollars. I've been reading around the forums that some sites are passed over because they have no sales or traffic. I just want to create starter websites. I love doing that more than promotion, backlinking, and all that stuff afterwards. My focus is to create tons of content to get the website off the ground with good web design. I think it would be a great starter authority website. Everything will be optimized based on the domain keywords. Again... if anyone reads this post thanks so much, and I appreciate any feedback. If not... Thanks to the warrior forum for helping me get started on the right path towards building a great career. Thanks
#advice #newbie #selling #website
  • Profile picture of the author Mike Hill
    Well, ask yourself this: Can you see yourself doing this 2 to 4 years from now? And if so what would your business look like in terms of growth and profit? Would it still be just you "banging" out websites, only getting paid when you work or will it be a more passive income and managing outsourcers?

    These are important questions you need to answer and it will be the start of your overall plan.
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    • Profile picture of the author kayebee
      Originally Posted by Mike Hill View Post

      Well, ask yourself this: Can you see yourself doing this 2 to 4 years from now? And if so what would your business look like in terms of growth and profit? Would it still be just you "banging" out websites, only getting paid when you work or will it be a more passive income and managing outsourcers?

      These are important questions you need to answer and it will be the start of your overall plan.

      Yes, I can see myself doing this because I love creating websites. I used to do it a lot when I was younger. I only stopped because I would get bad headaches from time to time. I don't think it's a bad route to go because I see others doing it and are successful. I do have an overall plan with outsourcing once I get more funding. I'm just starting out slow and working my way up. I definitely thought this through. I've tried other areas of internet marketing and purchased many things that I thought would lead me in the right direction and lost a lot of money. It was a big mess but I did learn what I love to do and that's creating websites. I really enjoy the process and I love making powerpoint presentations. I don't have any doubts. I was just wondering about the pricing of the features I'm adding on the website.
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  • Profile picture of the author 1million1
    Kayebee

    The website you are looking to sell. Is it currently generating any money? This would help in coming up with a price.
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    • Profile picture of the author kayebee
      Originally Posted by 1million1 View Post

      Kayebee

      The website you are looking to sell. Is it currently generating any money? This would help in coming up with a price.
      No it's not generating any money. I know that I should price the site for a lot less now. Thanks for replying
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  • Profile picture of the author cashcow
    It's really hard to say because you are selling a startup site to newbies and the things you are adding might not have value to a newbie.

    Not saying they dont have value, I personally think they have a lot of value but a lot of newbies don't understand the value of unique articles or even know what a podcast is or what to do with a powerpoint presentation.

    I personally have seen starter sites with plr sell for more than ones with unique articles for this reason.

    If you look over at Flippa, you will see that mostly the "value add" in the starter sites has to do with backlinks and premium plugins.

    I'm not saying yours won't kick butt, it very well might. Have you researched the selling price of sites with the things you are adding as opposed to sites that dont have those tings?

    Don't want to sound like a negative Nellie, but I'd hate to see you doing a lot of work when it is not needed.

    Lee

    P.S. I agree with Mike Hill BTW - selling sites isn't scalable but if you like to do it for your job than it can be a pretty nice job. It's just that you will eventually run into the problem where you can't work anymore hours so you won't be able to raise your income.
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    Gone Fishing
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    • Profile picture of the author kayebee
      Originally Posted by cashcow View Post

      It's really hard to say because you are selling a startup site to newbies and the things you are adding might not have value to a newbie.

      Not saying they dont have value, I personally think they have a lot of value but a lot of newbies don't understand the value of unique articles or even know what a podcast is or what to do with a powerpoint presentation.

      I personally have seen starter sites with plr sell for more than ones with unique articles for this reason.

      If you look over at Flippa, you will see that mostly the "value add" in the starter sites has to do with backlinks and premium plugins.

      I'm not saying yours won't kick butt, it very well might. Have you researched the selling price of sites with the things you are adding as opposed to sites that dont have those tings?

      Don't want to sound like a negative Nellie, but I'd hate to see you doing a lot of work when it is not needed.

      Lee

      P.S. I agree with Mike Hill BTW - selling sites isn't scalable but if you like to do it for your job than it can be a pretty nice job. It's just that you will eventually run into the problem where you can't work anymore hours so you won't be able to raise your income.
      I understand... I'm definitely going to try to see where the road takes me. I'm not going to give up because I have to put in a lot of work and it's not a passive income. I currently work at a job that's requires me to continuously work for income. It's not scalable... I see no difference in what I'm doing at my normal 9 to 5 and what I'm trying to do here. Later on I will definitely try to build what I'm doing into something more. For now I'm just concentrating on website building. I do have ideas with outsourcing and other things that I will implement in the future. I think I have an idea on what to price my site. I'm just trying to start out slow and learn from the experience. Thanks for advice.
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    • Profile picture of the author fluffythewondercat
      Oh, I feel your (potential) pain here. There are a few things I love to do that don't pay very well, either.

      As a marketer, you have to give some thought to who would buy this site. I'm having a hard time figuring out who your target market is.

      fLufF
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    • Profile picture of the author Thomas Smale
      Originally Posted by cashcow View Post

      selling sites isn't scalable but if you like to do it for your job than it can be a pretty nice job. It's just that you will eventually run into the problem where you can't work anymore hours so you won't be able to raise your income.
      How is selling sites not scalable? What a ridiculous statement to make.

      That's like saying running a consulting business isn't scalable as you're limited by hours. Or a plumbing business isn't scalable as you're limited by hours.

      The market is growing daily, so there's absolutely no reason why you can't scale. If you're treating it like a job, you might as well go and get one.

      Two obvious ways to do this:

      a) Scale up the size of sites you sell. Start small, and then reinvest into bigger sites. Repeat.

      b) Outsource.

      There are plenty of people who have made millions by implementing a, b or both.
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      I specialize in selling websites over $10,000 in value. No obligation, confidential valuation here.
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      • Profile picture of the author kayebee
        Originally Posted by Thomas Smale View Post

        How is selling sites not scalable? What a ridiculous statement to make.

        That's like saying running a consulting business isn't scalable as you're limited by hours. Or a plumbing business isn't scalable as you're limited by hours.

        The market is growing daily, so there's absolutely no reason why you can't scale. If you're treating it like a job, you might as well go and get one.

        Two obvious ways to do this:

        a) Scale up the size of sites you sell. Start small, and then reinvest into bigger sites. Repeat.

        b) Outsource.

        There are plenty of people who have made millions by implementing a, b or both.
        That's exactly the direction that I wanted to take. Get my feet wet and build from there. Thanks for the positive feedback. I know if I keep working hard, I can build a great business for myself.
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  • Profile picture of the author timpears
    There were a couple of WSOs recently on selling web sites with little or no traffic. They were both going at it from a different angle and quite good in my opinion. I tried to find them but couldn't. One of them used to have a banner that said something about made $19,xxx in the last 40 days...

    If you can find these WSOs or see that banner, I would recommend you get it or even both of them. They explained how to get the sale even though you had no traffic or revenue.

    FlippaKing's FastTrack Site Flipping
    $19,391 In the last 40 Days Flipping
    Turnkey Sites – Replicate My Success
    Edit: found it, http://www.warriorforum.com/warrior-...d-reviews.html

    How to Flip Brand New Web Sites with Zero Traffic by HP Jeschke
    Not sure of his user name here in the foru but you can reach him at hp (at) jeschke (dot) com
    Edit: I found it, http://www.warriorforum.com/warrior-...-friendly.html

    Check them out, I think you will get a lot out of these. I have them both and am glad I do. This is a direction I am going too.
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    Tim Pears

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    • Profile picture of the author kayebee
      I will definitely check out both of the wso's, Tim. Thanks so much for the suggestions. It's nice to see that you are on the same path, good luck to you!
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