By far the most profitable days of my career have been the days when I sold websites. I’ve sold several different sites since my first sale in 2010, and these lump sums are always exciting.
Selling a website or blog can be a great way to improve your financial situation, but selling at the right time is extremely important. You don’t want to sell too early and miss out on the chance to make even more money. And you also don’t want to hold on to the site too long and watch the value decline.
I’ve had a few friends over the years that sold sites for 10-25% of what they could have sold it for just a couple of years earlier. Ouch. I don’t want that to happen to me, so I’m always watching out for signs that it might be nearing the time to sell a website.
Selling your website is a personal decision. Factors related to your family and career will impact the decision, so you can’t take anyone’s advice (including mine) without putting it into the context of your own situation. This article is intended to be a guide to get you thinking, but not to tell you what is best for you, because only you know the details of your own situation.Read More