Advice Before You Sell Your Website
Reprinted with permission of VotanWeb.com
Only 27% of all websites that are put on the market are sold. This is a shocking statistic to most people trying to sell a website. If you follow the tips below your chances of selling dramatically increases.
Have All Records Ready Before You Attempt to Sell
Have these items ready before the website goes on the market to be sold: The last 3 years of federal tax returns for the website being sold, the last 3 years of financials (profit & loss statement, balance sheet), the last 3 years of monthly bank statements, etc - many parties during the selling process will need this info - serious website buyers, lenders who will provide financing for the buyer, as well as others. Also make sure you know what the correct Adjusted Net income has been for the last 3 years. Serious website buyers will want to know this. Adjusted Net income is: Net Income + Owners Salary + Depreciation + Interest Expenses + Other Website Expenses Deducted (that may not be website expenses to the new owner of the website).
Have a Professional Website Valuation Performed
Getting a 3rd party professional website appraisal/valuation is important and critical for the process. Most websites put on the market NEVER SELL usually due to too high of a price placed on the website being sold. Getting a professional 3rd party valuation is well worth the expense and will be utilized by many parties during the selling process: possible website buyers, financing companies for the buyer, and others.
Keep a Sale Transaction Folder
Keep a folder of all contacts, notes, and paperwork for your website for sale transaction. Keep a log of all buyers who contact you - get their phone numbers, email address and keep notes about them. You want to make sure you have backup buyers in case your first choice drops out during the negotiation process. Keep all escrow info, purchase agreements, signed non-disclosure and confidentiality forms, contact phones of CPA’s, attorneys, etc. and other pertinent data/info in this folder.
Write Up a Comprehensive Summary of The Website
Buyers are going to need to know many details about the website being sold. Instead of having to explain repetitively to many buyers about the website, and possible forgetting many important details, make a summary of the website being sold. Include: History of the website, date established, important attributes
A Couple of Squares is a company specializing in producing and selling gourmet cookies to retail stores. Recently, A Couple of Squares has been brainstorming the idea of starting an e-commerce website so they can sell there gourmet cookies directly to consumers instead of selling to retailers. There are many considerations that need to be evaluated when deciding to launch an e-commerce website. First, the risks of launching an e-commerce site and the steps to mitigate the risks must be evaluated. Along with the risks of launching an e-commerce site, the benefits of launching an e-commerce site also need to be taken into account. In order to seek profitability a break even analysis must be performed. Once profitability is feasible, A Couple
...ferent things will determine if a website is successful or not. Two key things to keep in mind when designing a website is color, and the user. Choose colors that are appropriate and accurate to what you are trying to portray. Beyond color, you must design your website so that the user has the easiest, least time consuming, most pleasant experience they can. Chances are, they found your website on a search engine when looking for a particular service or product (Boswell). That means that a lot of other results came up too, meaning that if the user doesn’t like your website for any reason, there are a lot of other options. They are the ones who put food in your mouth as a web developer. If you don’t make them want to give you money or visit your website, you may or may not eat for any given amount of time. Make your design inviting and pleasant for your users.
An appraisal is the evaluation of someone or something, but in this case, the real property is the thing being assessed. Lenders do not come look visit neighborhoods and look at houses, and they are not the experts of local real estate markets. Many lenders may be thousands of miles away from the actual property. With that being said, the lender wants to be confident that an investor will be able to give them their money back, so they hire a professional appraiser that is not emotionally attached to the property. An appraiser estimates how much the home is worth. An appraiser will go in the house and take a look around, examining the conditions of the house and features of the interior. They generally check things such as the square footage of the house, to see if the bathroom and kitchen have been remodled, and to see if there are any health or saftey
3. The blog post states that websites with a lot of "eye candy" and things to click on and interact with leads to more visits and more purchases. Name three or four pieces of eye candy you would place on your website to encourage
Sabri, E.H., Gupta, A.P. and Beitler, M.A. (2007) Purchase Order Management Best Practices: Process, Technology, and Change Management, Fort Lauderdale: J. Ross Publishing, Inc.
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webstore and who it is that we want to sell it to, we can now choose
Clear, Informative Links The links have short and descriptive names that help make website navigation simple. The links to each specific products gave more detailed information on the product. This information varied from each product on the type of additional information you received.
As a business owner and internet marketer, you need a way to market to your prospect. There are many ways to market, and almost all internet marketing methods have one thing in common. They all rely on writing, specifically writing copy. The art of writing copy is called copywriting. Copywriting is how you communicate with your prospect and learning how to copy write is one of the most important skills you can learn if you're doing business on the Internet.
Next is in terms of the design and aesthetics. Layout that being used for this website is a plain white which easier people to read the text that is in black, in contrast and suitable for the concept of showroom online. The font is also suits which is not too big and not too small to be read by people. To highlight the main subject or the main product, the font is being bold to alert customers that they choose the right one. There is no audio available for this website or even a video. But somehow, as it was a home furnishing website, most of the pictures being used by the website is in JPEG format to deliver a clear view of the products to customers.
More than 1,500 Web sites now sell T-shirts, says Rodney Blackwell, a Sacramento, Calif., entrepreneur who runs several Web sites. Mr. Blackwell, who began cataloguing the number of sites offering T-shirts in early 2004 for one of his Web properties, tracked just 500 such sites last year before the market exploded.
message to your target customers, from the traditional, like advertising in magazines, newspapers and direct marketing but one of the newer methods of communication that has been developed is the internet. (Ebook) With the expansion and mounting usage by the search engines, many small businesses can now cost-effectively and successfully own and operate their own website, giving them unlimited exposure.
The conversion of online searchers or online customers into buyers by researching or marketing for customers through interaction, thereby simplifying the customers of consumer process of finding the products they wish to buy. Secondly, the increase in cross-sell by charming or pleasing the customers by upgrading the quality of the manufactured goods which is one of the factors that are not originally implemented and thirdly, creating successful relationship between customers.
Keep Your Users In Mind Incorporating Feedback at Several Stages into an Ongoing Design Process Will Help a Site to Thrive. In this article the authors describe how the Web, like nothing else, has taught people how easy it is to walk away from a poorly designed product. The truth with the person who could easily and swiftly go to your website they can leave just as fast. A person who has invested the time to drive to a mall might be willing to suffer through a long checkout process much more readily than a Web customer, who can just as easily click over to the competition.
This paper includes the process of online business; how to sell a product, advertising, various ways to create awareness and how to become a reseller. Laws and conditions for an online business.