If you are familiar with website flipping, then ‘Flippa’ is a word you must have come across innumerable times. Flippa, basically is a trade market for websites and blogs. The two activities involving websites through which people make money are purchasing and selling. This is the domain of Flippa. With the stretch of time, people have become innovative beyond limits when it comes to making money online, and existence of Flippa makes it smooth and easy.
Even though selling websites is very uncomplicated and it might look like a child’s play, majority of the businessmen fail to make money by the process they follow to sell their websites on Flippa. On the other hand, you will not fall short of success stories of people making money using Flippa. The key is to know the tricks.
Let me walk you through these amazing hacks that will bring you profit in this trade market.
1. YOUR WEBSITE SHOULD BE ON AND GOING.
In order to attract buyers, this is one of the most crucial steps you must not ignore. Your website should be making a considerable amount of money while you put it up for selling. If it is not on the verge of making money, wait it out until it starts earning a good amount of revenue.
Patience is the key here, because if you list your website for selling when it is not making money, though it will be sold, the amount you will receive will be very less than its real worth.
Improve your traffic as much as you can because you will have to show statistical proof of the revenue generation by your website.
2. MAKE GOOGLE ANALYTICS YOUR COMPANIAN.
As buyers will be referring Google Analytics for an analysis of the revenue generation your website is making, and the amount of traffic you are receiving, it will be best to do your homework before listing your website for selling. The data of the past six months of your website is more likely to be accessed by the buyer before making an official offer, so take a smart move and install Google Analytics beforehand.
3. TAKE CARE OF THE TRUST RATING
This is another way by which you will be judged. Trust rating, this is a numerical analysis that attracts customers towards your website. In other words, if the bar goes up, they are more likely to confide in you.
Bottom-line, work on your website’s trust rating and improve it as much as you can.
4. SET AN APPROPRIATE AUCTION DURATION
There is a psychological factor in this, that you need to crack if you are targeting quick buyers. If the auction duration is too long, interested people will keep you in their wish list and forget about you eventually. As a result, with the passage of time, your auction will become dead.
It is highly recommended to keep your duration of auction seven to ten days. This is enough time for the interested buyers to make a decision and not lag it for later.
5. BE RESPONSIVE
Respond to each and every query, feedback and suggestion.
Sometimes even if you have provided them with a clear and long description about your website, since they are considering purchasing your website, it is only fair if you are on your toes to answer their every question.
This will boost their confidence in you as well as increase your credibility.
6. MAKE SURE TO PROVIDE THEM WITH A PERSUASIVE REASON
This is one of the most important tricks in selling your website. Interested buyers will surely want to know the reason behind your decision of selling a well-functioning website. If you fail to provide a persuasive reason, it will only light a spark of doubt that your website is not functioning properly.
7. MAKE AN EFFORT TO INVITE BUYERS
Moneymaking is surely not a child’s play and business is a game of attracting people towards you. In order to do so, one of the best ways is to go and invite them yourself. Search for a website similar to yours, check out the comments and try and convince the interested people to your website.
8. BIN PRICE EXPECTATION
This is the cost, which defines the worth of your website. Now even if your website’s value is a lot to you, make sure you don’t shoo your potential buyers by setting its price too high. Keep it as reasonable as possible.
9. STAY ON THE GROUND
While describing your website, keep it in mind not to portray yourself too desperate to sell your website. It will leave a negative impression on your customers. Be humble and remember to stay real.
10. BONUS TIP
Keep reasonable maximum and minimum limits of your bid. It is recommended to keep the minimum limit lower and maximum limit higher.