Socrates 'O' Socrates

This may be the simplest Wealth-Generation idea to have hit you Square Between The Eyes – EVER!

Building websites has never been easier than it is today with the new Web-Browser technology that lets you design and edit your websites ‘on – the-hop’ as if you were simply editing a ‘Word’ or ‘Notepad’ document.

Build – Get Traffic – Sell = Very High Profits..£$£$£$£ for YOU!

Since time immemorial, people would buy and sell everything.
And even now in this modern age with all of the popular trading sites like Ebay etc people are still at it—selling clothes, food, used items, and with the advent of the Internet – buying and selling websites for very good profits.

That’s right … website trading on auction sites .. go check them out. There are many people nowadays making regular, good money trading new websites, old websites and even abandoned websites. Just like any ‘hot item’ in the market place, people are taking their opportunities in this highly monetised new industry. But why do people ‘buy’ websites and not just build them?

One reason is convenience. Sometimes people don’t want to go through all the hassles of building a website. It’s easier just to look around for a person selling theirs, change things about a bit here and there, and voila, a new website is born. Usually with a regular stream of visitors and buyers into the bargain, making it profitable from day ONE!

The buying and selling business is attractive, but given the costs of making the acquisitions initially, it is fairly tricky to start. Particularly as a young entrepreneur. If you set out carelessly you may end up losing your money, so you need to be honest with yourself about your skills and abilities prior to any investing.

The Internet is fairly new, and the entire online business industry is presently establishing advertising practices that work. Quite frankly, the majority of the people running businesses online have dreadfully poor websites. A lot of communities running well liked sites are not taking advantage of their traffic by monetizing it—this could be by preference, lack of knowledge, or possibly an e-commerce site might use search engine advertising, ie; an AdWords campaign. You will need to monetize, optimize, associate and up-sell for the highest profit margins. Make use of ‘all’ of the advertising methods at your disposal.

Search engine optimization techniques are generally understood by far few webmasters and implemented ‘well’ by an even smaller number. Search engine optimization is what brings mainstream success, and as the web continues to establish itself additional people will learn,
experiment and construct better websites using SEO techniques, but it’s still early days even with the latest software that builds websites, automatically for us.

What this tells us is …. “business opportunity.”

For people with the knowledge of how to buy and sell websites, the energy and confidence to employ, and the funds to procure the sites in the first place, there are huge gains to be made. What makes it even more tempting, particularly for youthful or fresh entrepreneurs, is the price – we are talking about a lot less finance here than it would normally take to put into stocks, buy assets, or acquire a bricks and mortar business. Websites with prospects and good visitor counts go for as low as a few hundred dollars or less …. Can you imagine that?

The big advantage of buying and selling websites is that we don’t have to establish an audience and wait for the site to be indexed within the search engines. Most webmasters, even those that don’t know their SEO from their XML, will understand the benefit of link exchanges. Even the most poorly managed sites should have some form of back-link network developed and return a reasonable result in the major search engines. It may not be a top ten search result, but it will be a result ready for you to optimize and improve on.

Buying a website for selling -

If you are into buying and selling websites, it’s a ‘must’ that you be an avid fan of the Internet itself. Spending hours surfing websites and looking for likely prospects can give you great ideas and insights you’ll need for the buying and selling of websites today.

Indeed, the search for a website to purchase, almost always starts with a visit to a web site. Sometimes the prospective buyer has a very definite idea of the type of website wanted. But often, when the website buyer is a first time buyer and is still in the formative or exploratory phase of the search, these first time buyers wonder what ‘kind’ of website is best for them to purchase. That’s a tough question to answer without some idea of the buyer’s resources, skills, interests and needs.

If you are buying a website for selling, it is a must that you determine the best website niche that will work for you personally. If you are about to buy an existing website, here the some of the things that you should keep in mind –
* The number of days per week you want to work, because it will give you an approximate idea how much time you will need to be spending on the site;

* The need to have enough employees or resources to handle the website, and to maintain it according to acceptable standards.

* The ability to spend ‘enough’ time on the website, because this will determine if you can manage maintaining, updating and supplying enough information as and when needed.

These are just some of the major questions that you should seek to answer when you initially seek to purchase a website. Successful people in this field agree that open and honest answers will allow you to quickly narrow your search and save you much time and aggravation.

Flippa is a popular and trusted website where beginners and seasoned professionals go to buy and sell their sites.

In the selection process, the most important thing to remember is familiarising yourself with the “Opportunity Profile.” This is a report that will give information about the website that you’re interested in. Here, all the pieces of information that you need in helping you decide which site is the best one for you can be found.

The common “Opportunity Profile” usually contains a brief description of the website you have in mind, a summed up information pack on the financial data through the span of its existence, and some of the additional facts like the size of admin staff needed and such. These pieces of information are needed to ensure that the buyer can have almost everything that he or she needs to know before buying a website.

Once you have reviewed the “Opportunity Profile,” there is a greater chance of you having a better understanding of the website—especially its business operations. You can access as many “opportunity profiles” as you want to in order to find the best one that would work for your own business. By accessing different “opportunity profiles,” you can review financial data and can even ask questions and other queries to the owner. Once you have listed all your questions, you can communicate with the owner and can start the negotiations early.

Communicating with the website owner can give you various benefits. For one, he or she can answer almost everything that you have in mind when it comes to the website. Aside from that, you can also get tips from him or her about buying and selling websites.

Earning money through buying and selling websites -

Buying and selling websites has become a very good money making opportunity. Over the past few years people have been making it a full time job for themselves, building fortunes as they go, expanding their portfolio’s daily. But, when you are in the market to start your own web trading company, make sure that you have as much information on your website, market and competition as you can.

Having enough information on the basics of buying and selling websites can give you a big advantage in conducting the business. This is because it will make you more knowledgeable in the things that you are talking about. These pieces of information can also lead you to come up with good decisions that will help you earn more money by attracting more and more potential buyers.

One of the best selling points of any seller in terms of offering websites is his or her credibility. If the buying public knows that you have enough credibility, they wouldn’t hesitate to buy from you, and could even recommend you to their friends.

When it comes to buying and selling the website, here are some more important things that you should keep in mind:

1. Don’t be impatient. When selling your websites, the sales process has to take time if you want to get the best price. In most cases, a period of several weeks is common, or even months . This is because the potential buyer is spending time doing background checks, not only of the specific site that you’re selling, but other websites that he or she has been considering. So, if you want to get the best deal, it is best to wait. As they say – “all things come to those who wait”. Who knows? You could find a buyer who is willing to buy your website for more than you originally expected.

2. Keep maintaining your website as though it is ‘not’ for sale. Updating and taking care of your website as if you were not selling it is one of the main selling points that most buyers are attracted by. Seeing a well maintained website will give them a great idea that you are a credible seller and that they can trust you when it comes to issues involving financial aspects. If the website is well managed and well taken care of prior to selling, it can generate a good impression and will open the doors for other possible deals and arrangements.

3. Be prepared to share a lot of private and confidential information. If you are not comfortable with this then you have a problem. The less information you give, the lower the offer will be from potential buyers.

4. Unless you are selling a modestly priced website, you must protect yourself with Non Disclosure Agreements (NDA’s). This is very important because it will give you an image that you are a responsible seller who can give out information. It may also reflect you as a credible seller because it shows that you are open to financial transparency.

5. You should try to work with other website developers that can open the doors to pre-qualified buyers. This is very important because by working in close coordination with other developers, you will not only open the doors to pre-qualified buyers, but it can also help you get some tips on selling the website effectively.

Guidelines to help you sell and buy websites -

Wondering how to sell web domain names? Domain name trading has now become a profitable business on the Internet. Premium domains enjoy great demand and are usually noted for their catchy names and remarkable traffic. If you’re thinking about selling your website, it pays to be prepared. Here are some strategies that can help you when buying and selling websites:

- Keep financial reports and tax files current. Although there may be nothing wrong with your website, you’ll scare off bidders with confusing or excessively delayed financial statements. If you’ve had trouble staying current in the past, upgrade your accounting software or consider using a CPA. It is vital to first assess the market value of your domain name through a domain appraisal study. Find out the market value of an extensive range of domain names such as aftermarket domains, high-value domains, top domains, secondary market domains, sounding domains etc.

- Strive for accuracy. Serious bidders will demand a high level of comfort, especially about the accuracy of cash-flow statements. This is a time when it may really pay off to invest in audited financial statements.

- Time your deal right. Although it always makes sense to try to sell during a hot market, it’s even more important to pay attention to what’s going on within your own market niche. Don’t try to sell during a significant downturn – unless you absolutely don’t have any other options and are prepared to accept a rock-bottom price.

- Keep things simple. Anything unusual is bad news when it comes time to selling your website. So look at your website the way a stranger would, and eliminate complications before you try to sell. If you have mixed the revenue from several websites, separate them unless you intend to sell all of them together.

- Accept reality. If you’re operating in a highly competitive market, then your buyer will insist on a non-compete agreement. If you’re not prepared to make such concessions, your website probably won’t sell.

- Put a realistic price tag on your website. A good rule of thumb is that only on the rarest of occasions do companies sell for a price that’s as high as six times pre-tax earnings. If you’re trying to sell for more than that, be prepared for your financial status to be examined under a microscope.

- You can display a list of domain names for sale in the advertising market sites provided by various companies facilitating domain sales. Make your site attractive enough to invite a number of potential customers. In order to maximize the chance of sales, the site you created must be provided with relevant information.

- Sell domain names at various discount rates plus additional features. You can offer multiple domain names for a wholesale rate. Customers always look for low prices. In the rapid changing domain name market, price value can go up as time changes. So never display current price values on the sites but give an option for request price. Another selling technique is to offer domain names with longer registration periods. Domains which have been registered for longer periods invite more customers because domain buyers are always on the lookout to reduce their risk from losing names through accidental expiration.

Points to consider when you buy or sell websites -

In recent years, many people have seen the steady climb of the popularity of the Internet in almost all sectors of our life. There are however only a few individuals making ‘real’ money from people who visit the Internet regularly. Some of these people don’t even know the basics of how to make websites, but they make good money just by buying existing websites and operating them or reselling them to other web-entrepreneurs.

If you are jobless, or somebody who would want to try another business, you could do a lot worse than buying and selling websites. This can be a lucrative business if you take the following considerations into account –

1. Buying and selling websites is a viable business because of its massive growth in recent years.

Today, the industry of buying and selling websites has become an overnight industry phenomenon because most of the people who have been doing it have disclosed the high income and profit of the industry. If you are just starting with this business, you will need to know everything about it. But as time goes by, you’ll find yourself learning the ropes successfully through experience and research.

2. Skepticism can help you a lot in researching all the information that you have to get about the websites.

In this day and age, a lot of sellers are just honest people who try to earn a decent living. But, every buyer should check thoroughly all information offered in the deal with more than a little cynicism.

3. Something must be wrong with the product if the seller is too much of an “eager beaver.”

Every time you check out a potential website, you should make it your business to confirm all of the particulars concerning the website, as well as determining the grounds for sale. There are a number of good reasons for sellers to sell, and there are other ones that are not so good. There are no absolute formulas for determining a ‘genuine’ sale but caution and due diligence is always advised. As with used car salesmen, website sellers can be just as … ‘Reliable??’

4. Most potential website buyers ‘never’ buy a website.

This on its own may be rationale enough for a vendor to record their website with a staid online-market. Once the incompetent likely buyers have been culled out, still only approximately 50 percent of these people will eventually buy a website.

5. Assume that there are always skeletons in the closet.

Before buying and selling websites, it is a must that you are very particular about everything that concerns it. This is because most websites have some unconstructive features that the peddler will be indisposed to talk about. You can be certain that any troubles will come up later as buyers commence analyzing the website and it could destroy the sale if the troubles are apparent as ‘cover-ups’. So you better be careful in checking any websites’ background to see if you’re getting a good deal or not.

Veering away from problems in buying or selling websites -

Despite there being so many benefits in buying and selling websites, there would always be major problems. These are caused because the buyer or the seller of the website don’t have any idea of the important and often mundane things that should be done and how to solve minor problems along the way. In order to veer away from major problems that can be encountered when buying or selling a website, here are some things that the buyer or seller should take into consideration:

1. Accomplish major monetary issues.

In this case, the major objective of the seller is to make a positive image so that the deal would proceed smoothly. For the seller to do this he or she should put the website’s monetary statements and financial documents into order sufficiently. This is to ensure that there will be no problems once the buyer asks for details about the financial status of the website. For the buyer, it is also a must for him to check if the proprietor has already arranged a complete set of financial papers— or at least a record containing information in the previous two years—to know exactly what ‘is’ the financial viability of the website.

2. Be transparent on financial declarations.

The seller before selling his or her website should take upon themself the responsibility of having the financial declarations reviewed by an accounting firm if possible. If this is not possible, at least the financial declarations have been compiled by the website possessor in an orderly manner. For the buyer, he or she must also check if the financial declarations have been audited and the statements can meet his or her expectations. This is also advantageous for the buyer, because if the financial declarations are precise and accurate, he or she would save time because there will be no need for any recalculations or deal-breakers.

3. Be careful on sudden closings.

Buyers and sellers alike should be very careful on sudden closings because they can alter the financial reports themselves. For initial transactions, these pieces of information don’t have to be audited, but they should be audited before the final arrangement takes place. The seller should be very careful with sudden closings because he or she couldn’t sell the site if there are financial problems. The seller should also keep in mind that the buyer will be able to find financial problems due to sudden closing eventually, so there’s no point to ‘not’ fixing it now.

4. Avoid negotiations that are devoid of having been worked out.

There are some difficulties in proceeding with diverse deals and arrangements in next-to-no-time. This is because the buyer will not have enough time to find our if there were devoid negotiations in past. For both parties to avoid this kind of problem in buying and selling websites, they must find time to recover dissimilar tax implications so that the deal won’t be unnecessarily put off.

5. Always be open to suggestions.

This will work both ways for the buyer and seller, because being open to suggestions will not only make their negotiations easier but will also enable them to move on and start anew. If the buyer is not open to suggestions, stiffness on his or her part may cause a problem because the seller would think that he is being pushed against a wall, or he might think that the buyer doesn’t trust him or her enough and all the accomplishments his or her website has achieved over the years. When this happens, negotiations will be cancelled and can lead to both parties going back to square one.

What to know about buying and selling websites -

Before beginning the hunt for a website purchase, a smart web entrepreneur will need to consider what they need the site to do and how it will fit in with their web business approach. Here is a list of the top four strategies to think about when buying a new website:

1. Buy a site that has targeted traffic for merchandise or services you manufacture or would like to put on the market. You can get traffic straight from the fresh site to ‘your’ products/services by way of email lists or sales pages associated with the new website. This is a grand way to launch to a new customer base very rapidly, but you have to be sure that the traffic is quality, targeted traffic. Don’t fall into the trap of buying a high traffic site that eats its way through lots of bandwidth but doesn’t contain the kind of consumer attention that you can pull towards you for profits, or else you’ll be buying a burden, not a benefit.

2. Buy a site to produce advertising profits. In this instance you might not modify the site other than by running it to augment the quantity of traffic and progress the performance of advertisements on the site. Sites with lots of high-quality content but are inadequately optimized are just the thing for this strategy. Once you possess the rights to the material you can then additionally leverage it by repackaging and republishing the material in further ways – possibly information products, commentary marketing, or as free enticements to sign up to an email list.

3. Buy a site purposely to turn it over hastily. This is probably the most perilous scheme because you have to find sites that are evidently under – performing, with the prospect in mind for a big upturn after you complete your restoration. If at all possible you ought to buy e-commerce sites already selling a product that has a reputable niche market that is only just starting to take off online, AND the present owners are not very good at Search Engine Optimization (SEO) or online advertising, and are keen to sell. The assumption is that you can swiftly put into practice your own changes, fine-tuning a small number of profitable areas, resulting in a good boost in sales in a short period of time.

4. Obtain a community driven site. If you are in the buying and selling websites business, make sure that you are a part of a community driven site where there is an ethical forum overflowing with an objective niche audience. This can be a gold mine to a Web-Entrepreneur. Time and again hobbyist fans, not intending to yield profits in any way constructed these sites. Their website might have ballooned in growth to the position where the bandwidth is costing them a lot each month, and given that they are not skilled in website monetization they will be seeking to sell the site at a reasonable price. This can be a great strategy to make publicity income, but be very cautious with audience loyalty. Some forum communities are very suspicious of any ‘selling’ motives, and may end up costing you more than you make in ongoing hosting fees if they are applicable.

OK, that’s it for now. I hope this short guide has given you a little inspiration to embark on your own Website Trading Career. It could cost you next-to-nothing to get started by building first, and then selling your own websites. There are many Website Trading facilities online these days. Just Google “Websites For Sale” and you’ll have a great deal to choose from. Spend some time on the more professional sites and you’ll soon see how simple it all is.

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