Buying an existing website provides many advantages since the primary foundation of creating and establishing a website has already been prepared for you. This will help save a great deal of time and effort in website promotion. Even though it is feasible for you to identify an appropriate website by yourself, it would certainly be to your advantage to utilise the expertise of a website broker.
Put simply, a website broker is the middle man who facilitates website owners to sell their online property, and to assist buyers in locating a website suitable for their requirements. This provides both buyer and seller with the assurance and support they’re going to need prior to entering into any form of sales negotiation. This is particularly beneficial in the event that one or perhaps both sides have never bought or sold a website before.
The amount of participation from the majority of website brokers would depend completely upon the nature of the sale itself, as well as the services requested of them. Several website brokers carry out simple sale negotiations, appraisals and give assistance with the exchange of possession and handling of payments, whilst others may support even more. This could possibly include undertaking services, such as website promotion, marketing and site enhancement strategies, in order to raise the value of the website for sale, prior to it being listed on the marketplace. This can prove to be beneficial, especially regarding sites that haven’t been marketed to their maximum potential.
When it comes to website appraisals and valuations, a broker will most likely produce a number of figures for the owner prior to any sales listings. These are generally based on what the website will probably be worth in its present form, or even how much more the website may be valued at provided several improvements. These improvements tend to be recommended by the broker to the seller for consideration.
When it comes to what brokers can charge, the prices can range. Not surprisingly price can vary substantially should the seller wish to create site improvements or put into action marketing strategies in front of listing the website available for sale. As an industry standard however, the majority of website brokers will charge a figure of between 8-12% of the actual sale value of the website itself. This might seem excessive; however it can prevent any kind of problems that may possibly occur throughout the negotiation and hand-over stages. This by itself is really worth the money. Generally brokers will market the sale of a website for roughly 4 months, even though nearly all sites will sell before then, provided of course they are priced correctly and saleable.
Valuations are often dependant on a number of aspects. These are generally determined by a website broker, with the most significant being the net earnings for the resource being offered. In many instances, a website will sell for somewhere above 12 months’ worth of earnings determined by an average calculation. This calculation is generally over the life time of the website on its own. However, large established authority sites which catch the attention of copious amounts of traffic, may market with a much higher price.
The general advantages of utilizing a broker are considerable. For many, it’s confidence with the knowledge that a professional is going to be dealing with the sale, as well as all sale related discussions. This helps to protect you legally and prevents you from being cheated in any way or even the loss of control of any assets. Due to the fact nearly all brokers work with non-disclosure agreement then you possess the protection of knowing that both personal information and any delicate business associated data is held confidential at all times.
Even though a website broker is not a requirement in terms of acquiring a website, making use of the specialist expert services of one who can easily differentiate “great deals” from “too good to be true” deals, along with carrying out correct website due diligence, can undoubtedly benefit with minimizing the amount of stress involved.
I’ve only ever dealt with a website broker once, and would highly recommend Flipping Enterprises. The owners are great guys and run their own websites too so really know what they are doing. Some brokers take a long time to get your site sold, but these guys are fast!