10 Fast Ways to Double a Site’s Earnings

As you probably are well aware of, one of the most important things to consider when investing in a site you’re planning to flip (or keep), is how you will increase the bottom line. So in today’s post, my hope is to get your creative juices flowing by throwing a few ideas your way.

Things That Could Potentially Double Your Site’s Revenue

1.) Create your own product. If it’s an affiliate site getting generic market traffic (traffic other than the organic searches for the product name of the vendor it promotes), create your own product and keep 100% of the sale. If the commission is less than 50%, you immediately double your revenue assuming conversions maintain constant. If commission is already at 75% or higher, create your own product anyway. Make it better and raise the price.

2.) Raise your prices. If the site sells it’s own product or service, repackage it, and raise the prices. 15% – 50% is an easy range to get away with for info products without much difference in conversions. For the heck of it, DOUBLE the price, or more, and see what happens.

3.) Add similar traffic sources. Does the site rank #1 in Google? Why doesn’t it rank in Yahoo and Bing as well? Together, you MIGHT double the traffic depending on the market, and from my experience, Bing and Yahoo visitors convert better. Find out what it’ll take to rank in those search engines as well and do it. Is it paid traffic the site makes its money from? Great, your job is easier. The internet has an unending supply of paid traffic available. Scale it.

4.) Sell more stuff to your existing customers. The hardest sale you’ll ever make is the first one. Everything after that is EASY in comparison. They already have had a good experience with your brand. The trust factor is already there. They probably WANT you to sell them more stuff if you delivered on your first product. So do it!

5.) Split test till the cows come home. Look, if there’s one fault we have as work-at-home internet marketers…it’s being lazy. Most of us just don’t feel like doing the things we already know work. One of them is split testing. If the site already has traffic, and is already making sales, it only takes a few minutes to tweak a headline, a background color, an add to cart button, a price, an offer, etc… Pick one thing to split test per week. If it beats the old way, make it your new control and test it again. You could legitimately DOUBLE your income doing this.

6.) Reach out and make friends in your market! Landing the right JV, ongoing promotion from super affiliates, or high PR links from authority sites in your market can make huge differences in your business. Be friendly. Give before taking….Scratch that…Give before asking. You’ll make friends fast, and they’ll become your best sales team. How many super affiliates/JV partners have you seen carry entire launches on their backs? It happens a lot. I could list product after product that is now a house hold name simply because they had the right people promote for them. But it only happens by helping others first. Do that, expecting nothing in return, and before you know it, you’ll likely get plenty in return.

7.) Create a “light version” of your product. You know the #1 reason your target market doesn’t buy your product? It’s not always your copy, or some ninja marketing tactic you haven’t figured out. If you have a good product, people probably just can’t afford it, or don’t want to pay that much.

Overcome this by making a “light” version. a.k.a, a “down sell”. This isn’t contradictory to the above “raise your price” advice. Do that. But for everyone else, have a basic, front end product to sell. You’ll not only get more customers on your list, you’ll likely sell more copies of your high end product if you show them something good with the first smaller purchase.

8.) Do a survey! Nobody said you couldn’t ask people what they’d like to buy. Get that information, create it, and start selling it from your site.

9.) Do regular giveaways. Giveaways are HUGE. Make it a contest. Ask for a facebook like, Google plus 1, or a tweet to enter the contest. Make the giveaway something great! That’s the real trick to running good contests and building bigger audiences. The giveaway has to be something unique…not another ipad. It’s “free” traffic (minus the cost of the giveaway), and if you do it right, it could dramatically increase not only your following, but your sales.

10.) Add bonuses. The key to making this work is much the same as the giveaway. The bonus should be perceived as MORE valuable than the actual product the site sells itself. People will buy your product to get the bonus even if they don’t want the product sometimes. It’s like the old Sports Illustrated commercials. They advertise free gear WITH your subscription to SI. But the whole commercial is about the bonus.

Those are the first 10 things that came to mind after sitting down to type this post. What ways would you typically approach growing a business, or even doubling it? Let us know in the comments below.

The Danger of Sloppy Transactions When Flipping Websites

Whether or not we’d like to admit it, our world of buying and selling websites can be pretty sloppy at times. And as it pertains to arbitration and things just going bad in general with deals, nearly ALL of it stems from plain old sloppiness.

I’ll be the first one to raise my hand in guilt to admit that I’ve been too lazy, too trusting, too unorganized, and too uninformed in the past. Every deal I’ve lost money on, (even the ones that were “other people’s fault”), is a direct result of my own informal approach to the deal. Which I GUESS means it was my fault after all.

When you approach a transaction with all your ducks in a row, all your boxes checked, and all the stones overturned, the margin for error becomes very slim and all potential instances of arbitration over the deal vanish. So here’s a few things you should always make sure to do in any deal…

Due Diligence

This one is common sense, but goes at the top of the list. Approach the website (and it’s owner) as though you were conducting a criminal background check. That means you check out everything!

– The domain. I use domaintools.com to check for age, drops, registration matching the owner, etc. Then I use Market Samurai, Open Site Explorer, SEMRush, and SEO Spy Glass, to verify the incoming backlinks, the PR, the rankings, etc…

– The Seller. If you’re buying from Flippa or other online marketplaces, check feedback. Check their previous listings. Check their trust scores. GOOGLE THEM. Ask them LOTS of questions. Get to know them a bit. Is this the first site they’ve sold? Why are they selling it?

– The content. This one has bitten me in the rear before. Check Copyscape for duplicate content. Make sure it’s original. Make sure you have the right to use it. Make SURE it’s included in the sale!

– The Income. More and more, screen shots just aren’t doing it for me. I’m a serious buyer. Could you please take 60 seconds to make a screen recording of your affiliate dashboard, or your merchant account? I’d feel much better seeing it live…Especially if the account doesn’t come with the sale.

– The traffic. Same as income. Login, and show me. But I’m also gonna check sites like compete.com, alexa.com, quantcast.com, etc…I know they aren’t always the most accurate, but they should give me a general consensus as to whether or not the seller is telling the truth.

– The terms. Especially if it’s monetized with affiliate programs. Check out the affiliate programs terms. Check out any special payment arrangements the seller has with the vendor. Make sure those benefits transfer to you. Make sure the site isn’t in violation of those terms, etc…

– Everything you see posted in our Due Diligence category.

Contracts

I’m willing to bet that over 70% of website transactions, especially ones that originate in most marketplaces, don’t even utilize contracts. I suppose I understand why. Who knows how to write a contract? Who want’s to pay a lawyer? Can’t you get in trouble for ‘practicing law without a license?’

Getting a contract in place is one of the most important aspects of any deal. All of your protection (buyers and sellers) hinges upon the contents of this agreement, and it’s ability to be enforced. Having a lawyer that can draw up the contract for a few $100 is well worth it for larger deals. But even deals that are less than $10k need to have some sort of formal agreement.

At a minimum, I recommend you grab a templated contract from somewhere like Legalzoom.com, or Sitepoint.com. I’ve used these templated contracts many times. They’re written by professionals who know legal jargon, and cover most of the basics. It’s not ideal, but it’s better than going commando with nothing at all.

Record Conversations with Other Parties

This may seem a little anal, but having a skype chat, or a recording of a voice chat can come in handy when disagreements arise. When you begin working on a new deal, I recommend you create a file in your inbox to save all email correspondence as well. This little bit of extra work will settle any issues about what has been promised, and what hasn’t.

Third Party Verification of Stats

This falls under due diligence, but is really only necessary for large transactions. An accurate recasting of financial records, tax statements, etc, by a professional tax expert gives an added piece of security and peace of mind to everyone involved.

Listing Agreements with Brokers

If you’re dealing with a website broker, you’ll want to have their services clearly defined in a listing agreement. How long will you give them to sell your site? What commission do you agree to pay them if they are successful? Do they have sole and exclusive rights to sell your site during the term of the listing agreement, or are there exclusions depending on where the buyer comes from during that time frame?

Most website brokers shoot from the hip, and don’t even use listing agreements. However, most states require that a pre-approved one be used by any and all business brokers that deal in their states. (That means web based business brokers as well). It protects you and them…So if they don’t sign one with you, don’t work with them.

Payment Terms & Financial Checks

This falls under contracts, but is important enough to separate out by itself. Most large transactions need some sort of verification to be done on the buyer to prove they actually have the funds available to make the purchase. Even if they’re only making a down payment on the business, if it’s a substantial amount of money you should make a stipulation for payment in that amount to be made in full within a certain time frame after the signing of the deal.

This is just protecting the deal. You don’t want them to flake out on you half way through the transaction because they didn’t really have the money to back up the offer they made you. Or, worse yet, they were counting on a third party investor to pay for the site and that person wasn’t involved in negotiations. So at closing, they go to their “investor” friend, and to their surprise and yours, there’s no money available.

Ask them to send proof of their ability to pay you before signing the contract. And make sure to put a “payment due by” date in the deal. Not doing so is just leaving the door open for potential problems…aka, being sloppy to the point of hurting yourself.

Introduction to Business Employees & Content Providers

This can’t be done pre-sale often times because of confidentiality, and fear of employees leaving once they find out the business is for sale. However, having some plans to get to know them, or atl east ABOUT them, is only smart.

I purchased a large blog that had it’s content generated by a team of writers in the past. The writers had no clue the seller was selling the site, and when I stepped in, I had to re-staff the entire team because I was left short handed when several of the key contributors jumped ship. They were loyal to the original owner, and I was the new guy on the block. None of them were held by a contract to continue providing the great content they were providing, and because I didn’t have a plan for retaining their services when I became the owner, the business became a burden for me quickly.

GET TO KNOW THE TEAM BEHIND THE PROJECT. I can’t stress this enough. At a minimum, you need to have the selling owner feel out the employees for you to ensure the business’ stability post sale. Are they planning to stay? Will their compensation change? Will their responsibility increase or decrease? If you don’t have a plan, it can blow up in your face.

To wrap things up, a lot of what goes wrong in online business transactions is a result of sloppiness. Plan for the worst case scenario and many times by simply making that plan, you’ll avoid issues down the road. This list is by no means exhaustive, so there my be a part 2 of this article coming in the near future.

What are your thoughts? What do you do before a transaction to make sure the deal goes smoothly? Anything you would add to this article? Leave your thoughts in the comment section below.

Anatomy of a 5-Figure Flip: Make Your Money When You Buy

This is the first article in a series, documenting the step-by-step approach I took to turn a $300 initial investment into $10,000 in 3 months, working only a few minutes a day. In a later article, I’ll also share the mistake I made that cost me at least another $8,000 on this same flip.

My heart started to beat a little bit faster and I could feel my palms get sweaty as my double-take confirmed that I wasn’t looking at a typo.  There it was on the NameJet pre-release list, with a marvelous “0” in the “bidders” column next to it: BetterParenting.com.  Its scheduled release was still weeks away, but it had gone unnoticed so far, and I had no desire to alert potential suitors to its presence.  An early bid would push this name out into the spotlight, so I just wrote myself a note: Keep track of this domain.

Continue reading “Anatomy of a 5-Figure Flip: Make Your Money When You Buy”

The Nuts and Bolts Of How To Buy And Sell Websites: Part 3 of 3

In Part 1 of this series of how to buy and sell websites, I detailed Steps 1 and 2 of the process. Those steps involved buyers and sellers coming to an agreement and the payment methods that are available to both parties to complete the deal. In part 2, I detailed step 3 of the process: getting the domain to the buyer and determining the hosting arrangement. In this final part of the series I will be covering the fourth and final step: handing the keys of the site to the buyer or transferring the site.

Step 4: Handing The Keys Of The Site To The Buyer
Or Transferring The Site

Once the domain has been transferred to the buyer the, seller needs to get the actual website in the buyer’s possession. The seller can do this by handing the keys to the buyer or by transferring the site to the buyer’s web host. The specific options available to accomplish either one are:

Option 1: Seller Hosts The Site Via A Reseller Account
Option 2: Seller “Hands Over The Keys” To A Shared Hosting Account
Option 3: Seller Transfers the Site To The Buyer’s Web Host

Let’s take a look at each option…

Option 1: Seller Hosts The Site Via A Reseller Account

Most people that flip websites have a shared account or a reseller account. I’m not going to get into the nuts and bolts of shared vs. reseller accounts because it’s beyond the scope of this article (although I will likely write about that topic in the near future so stay tuned). Suffice it to say, a reseller hosting account gives you the opportunity to “resell” hosting services through your own account.

In this arrangement, you basically share your hosting account with someone else and pass along the hosting costs to the person you are hosting for – and you can charge anything you want. The person you are hosting for has their own account within your account so the person doesn’t have access to any of your websites or files. For this hosting arrangement then, the seller would offer to host the website for the buyer and would give the buyer access to the hosting account immediately. The buyer then pays the seller a hosting fee that the two parties agree on.

The advantages of this arrangement are that the buyer doesn’t have to obtain hosting elsewhere and doesn’t have to deal with having a website transferred to another hosting account. There is also no downtime of the site at all since nothing is being moved from one hosting account to another – and the name servers don’t have to be changed either. It’s truly a painless and turnkey option for both the buyer and seller. There is also the added benefit for the seller to have a small residual income by providing hosting services.

Option 2: Seller “Hands Over The Keys” To A Shared Hosting Account

Some people who flip websites regularly will create new shared hosting accounts for each website they develop to flip. For example, a website flipper might own 10 websites that are each hosted on their own shared hosting account. In this example, the seller will be paying for 10 separate shared accounts on a monthly basis. This is the most expensive way to setup the hosting as a website flipper. The main advantage, however, is that this setup makes it incredibly easy and painless for both the buyer and the seller.

In this arrangement, the seller will hand over the shared account to the buyer. The seller will simply change all the information over to the buyer’s name, contact info, billing info, etc. and give the buyer access to the account. The buyer will literally take ownership of the account moving forward and will be responsible for the billing.

Unlike the arrangement in option 1, the buyer will not pay the seller for the hosting. The buyer will pay the hosting company directly and will pay whatever that company charges. This option is just like the buyer going out and creating a new account at a web host. The only difference is the seller doesn’t have to transfer the site to another hosting account so there are no delays or down time – and the name servers don’t have to be changed. The buyer just takes ownership of the existing hosting account and has immediate access to the site.

Option 3: Seller Transfers the Site To The Buyer’s Web Host

This is the most common arrangement between buyers and sellers because typically buyers will have their own hosting accounts already. Unfortunately, it is also the most complex and time consuming option – particularly if the site is large with any kind of database (i.e. most WordPress sites).
In this arrangement, the website and all the files associated with it are literally moved from the seller’s hosting account to the buyer’s hosting account. This would be analogous to moving computer files on your computer to someone else’s computer. This option also requires that the name servers be changed with the domain registrar.

The details involved in the process of transferring a site are beyond the scope of this article. I will, however, be writing on the topic in the near future and I will also be providing a step-by-step video of the process. Until then, the basic steps involved are:

1. Backup all website files (and database if applicable)
2. Download all website files (and export database if applicable)
3. Add the domain via an addon domain (shared hosting) or create a new account with a separate cPanel (reseller hosting)
3. Change name servers at domain registrar to point to the buyer’s web host
4. Upload all website files to the buyer’s web host (and import database if applicable)

After all the files and the database are in place, the buyer will have full control and possession of the domain and the website. Any funds that are in escrow will be released to the seller, or if any money is owed to the seller (doing a direct payment deal), it will be sent at this point. The deal will be officially over!

This concludes the three-part series on how to buy and sell websites – specifically the process of the deal itself. I hope it helps you newbies out there. As you can see, the process isn’t as difficult or overwhelming as it might seem at first glance. Now get out there and start flipping websites!

The Nuts and Bolts Of How To Buy And Sell Websites: Part 2 of 3

Buy and Sell WebsitesIn Part 1 of this series of how to buy and sell websites, I detailed Steps 1 and 2 of the process. Those steps involved buyers and sellers coming to an agreement and the payment methods that are available to both parties to complete the deal. In part 2, I’ll detail step 3 of the process: getting the domain to the buyer and determining the hosting arrangement.

Step 3: Getting The Domain To The Buyer & Determining The Hosting Arrangement

After the buyer and seller have come to an agreement on a deal and have selected the payment method, the next thing that needs to be done is to get the domain to the buyer and to determine what the hosting arrangement is going to be. Let’s look at the options available to get the domain to the buyer.

Option 1: Push A Domain

This is the most common way to get the domain to the buyer. When you push a domain you are simply “moving” a domain from one person to another from within the SAME registrar. For example, the seller has the domain registered at GoDaddy and the buyer also has an account at GoDaddy. In this example, the seller would push the domain to the buyer within GoDaddy.

Pushing a domain has a couple advantages. For one, it’s free to do. Second, it is a quick and easy process and the “move” to the buyer takes affect almost immediately. There is also no 60-day waiting period like there can be when you transfer a domain from one registrar to another, which I’ll discuss shortly. Here is a video I put together that shows you how easy it is to push a domain:

Option 2: Transfer A Domain

The other way to get a domain to a buyer is to transfer the domain. When a domain is transferred, it is moved from one registrar to another. For example, the seller has the domain registered at GoDaddy but the buyer has an account with another registrar (i.e. NameCheap) and wants the domain transferred there. In this example, the domain will be moved from one registrar to another (GoDaddy to NameCheap).

There are a few disadvantages to transferring a domain and as such, this option isn’t used as much. For starters, the buyer will have to pay to have the domain registered at his registrar, which is usually no more than the cost of registering a new domain. If the buyer’s registrar charges $10 to register a new domain, it will typically cost anywhere from $8-$10 to register a transferred domain. Second, there are more steps involved than there is when you push a domain. Finally, you cannot transfer a domain within 60 days of registering a new domain. For example, if a seller registers a domain to build a website that he’s going to sell within a few weeks, the seller will not be able to transfer that domain to another registrar for at least 60 days. Here is another video I put together that shows you how to transfer a domain:

Should I Push A Domain Or Transfer A Domain?

This is a common question among new website flippers. In almost every case, domains should be pushed. Even if the buyer has all his current domains registered at one registrar, the buyer should still agree to a simple push. It’s free to create an account at the major registrars and it’s free to push a domain so the buyer shouldn’t have any objections. To keep the process as simple as possible, the buyer should agree to a push and then he can transfer the domain to his registrar of choice after the deal with the seller is completed if he wants to.

The only situation where it would make sense to transfer a domain is if the seller’s registrar is an unknown company and “iffy.” For example, if the domain is registered at, Bob’s Super Cheap Domains, the buyer may feel more comfortable having the domain transferred to a more reputable registrar like GoDaddy.

Determining The Hosting Arrangement

Once the buyer and seller agree on how the domain will be moved to the buyer, the domain is actually moved. While the domain is being moved to the buyer, the buyer and seller will discuss the hosting arrangement and get that squared away. I cover the hosting arrangement options in great detail in part 3 of this series but they are:

  • Option 1: Seller hosts the site via a reseller account
  • Option 2: Seller “hands over the keys” to a shared hosting account
  • Option 3: Seller transfers the site to the buyer’s web host

As soon as the hosting arrangement is agreed on, the buyer and seller will act accordingly. This is discussed in great length in part 3 of this series. The main point is that at this stage of the process the domain is moved while simultaneously coming to a hosting arrangement. After the domain has been moved and the hosting has been squared away, the deal is officially done as far as transferring everything to the buyer.

The Nuts and Bolts Of How To Buy And Sell Websites: Part 1 of 3

How to Buy and Sell WebsitesThe majority of the posts I publish on this blog are written with the assumption that the reader has “some” experience on how to buy and sell websites, or is at least familiar with the concept. I take it for granted that there are actually a lot of newbies to website flipping who are reading this blog and are being introduced to this online business model for the first time.

Sometimes it takes a flood of emails from folks asking specific questions on how to buy and sell websites to realize I may have been overlooking the basics and ignoring those new to this industry. For that, I apologize for being a knuckle head and will strive to be more balanced with the topics I’m writing about.

With that said, I am going to write a three-part series that covers the nuts and bolts of how to buy and sell websites. Specifically, I’m going to cover the actual process of the deal itself. Here are the basic steps of the process and what I’ll be covering in each part of this series:

Step 1: Buyer & Seller Agree To A Deal
(Part 1 of the series)

Step 2: Buyer & Seller Agree To A Payment Method
(Part 1 of the series)

Step 3: Getting The Domain To The Buyer & Determining The Hosting Arrangement
(Part 2 of the series)

Step 4: Handing The Keys Of The Site To The Buyer OR Transferring The Site
(Part 3 of the series)

Step 1: Buyer & Seller Agree To A Deal

When you buy and sell websites, the first step of the process is obvious – buyers and sellers have to agree to a deal. The seller puts a website up for sale and a buyer steps forward and agrees to buy it. This can be done through a public marketplace like Flippa.com, or it can be done directly via a private deal. The bottom line is, the buyer and seller agree to move forward with a deal.

Step 2: Buyer & Seller Agree To A Payment Method

After a deal has been made, the buyer and seller need to agree on a payment method. There are essentially two ways for the buyer to get the money to the seller. One way is to use an escrow service and the other way is to do a direct payment via PayPal, bank wire, or even check or money order.

Using An Escrow Service

For deals over $1,000, I strongly advise using an escrow service. The most popular escrow service for website flipping is Escrow.com. The company has become so popular that it is now even integrated into the Flippa marketplace. There are some that argue Escrow.com isn’t the best option for website transactions but I disagree. I’m not going to get into that debate here as that would be another post entirely. The point is, you should use an escrow service you are comfortable with. I prefer SafeFunds.com myself because they are much cheaper than Escrow.com. I have used both services with success and I have never had an issue with either service.

Regardless of the escrow service you choose, you will need an account at the escrow service you’re going to use. It’s quick and easy (and FREE) to create an account at Escrow.com and SafeFunds.com. I can’t speak to the charges and the processes involved registering an account at other escrow services so you’ll need to do your own leg work if you’re not comfortable with these two companies. Whether you’re going to be flipping one website per year or several, you should have an account with the escrow service you are comfortable before you do any deal so that you can familiarize yourself with the service.

How The Escrow Process Works

Every escrow service will have its own process but for the most part, they are all very similar in how they work. Here is a diagram that outlines the escrow process:

The Escrow Process

Escrow Process

Let’s tackle the process in greater detail. For the purposes of this post, I am going to assume Escrow.com or SafeFunds.com will be used. Here are links that outline the Escrow.com process and the SafeFunds.com process. After an escrow service has been selected by the buyer and seller, they will enter into what is a called a “transaction.” Both Escrow.com and SafeFunds.com allow either party to initiate the transaction. The buyer and seller will just need to discuss who will initiate the transaction. It will be that person’s responsibility to then initiate the transaction and to detail the terms of the deal.

After the transaction has been initiated and the terms of the deal have been outlined and agreed upon by both parties, the buyer will fund the escrow account. Both escrow services offer different methods to fund the account. You’ll note that the seller hasn’t transferred anything to the buyer at this point!

After the escrow account has been funded by the buyer, the escrow service will verify those funds. If the funds come from a bank wire or electronic transfer, the funds are instantly verified when the money arrives. If the account is funded by a check, then the funds aren’t verified until the check clears. Once the funds are verified, then and only then will the seller proceed to transfer the domain, website, and anything else to the buyer.

After everything has been transferred to the buyer, the buyer will essentially notify the escrow service that everything has been received as per the terms of the deal. At that point, the money held in escrow will be released to the seller. The seller will then be able to get the money via bank wire or check from the escrow service.

Dispute Resolution Process

In the event the buyer doesn’t receive all the goods as per the deal, the buyer can file a dispute via the escrow service’s dispute resolution system. Both parties will attempt to resolve the dispute and if it is, then the transaction will move forward and the funds will be released to the seller. If the dispute can’t be resolved, the transaction will be canceled and the goods and money will be returned to the respective parties.

Doing A Direct Payment

When you buy and sell websites, I don’t recommend a direct payment unless both parties have flipped at least one website and have a great deal of trust with each other. Even then, I personally won’t do any deal over $1,000 directly. That is my personal comfort level but you may have your own.

If you decide to do a direct deal, I advise using PayPal as it’s the easiest way to transfer money online these days. If you do elect to use PayPal, be sure to read my post about how to protect yourself when selling websites via PayPal. You can also do a bank wire, personal or certified check, or even money order.

The process of a direct payment deal is similar to using an escrow service except there is no dispute resolution option. As a result, there is little to no protection for either party. The buyer and seller are doing the deal strictly based on trust and hoping nothing goes wrong.

As for the actual process of doing the deal directly, the parties will ideally draft a contract that will be agreed on and officially signed. For big money deals, I consider a notarized signature an “official” signature. At the very least you want both parties to sign off on a written contract – with or without notarized signatures.

The contract doesn’t have to be written by a lawyer either. Remember, you should only be doing small money deals directly anyway so there is no need to involve the expense of a lawyer. You just want to outline, with as much detail as possible, what each party will do and what each party will get in the deal.

After the deal as been officially agreed upon, the buyer will send the money to the seller. Once the seller receives and verifies the funds, the seller will proceed to transfer everything to the buyer. Since there is no formal dispute resolution option when doing a deal directly, I recommend a 50/50 payment structure. Under this arrangement, the buyer sends 50% of the money upfront and the seller transfers “some” of the goods. For example, the seller might transfer the domain only and some files associated with the website. After that has been completed, the buyer sends the remaining 50% and the seller transfers everything else.

Now that you understand the first two steps of the deal when you buy and sell websites, it’s time to move on to the next step of the process – getting the domain to the buyer and determining the hosting arrangement. Continue to part 2 of this series…