I managed to sell 2 of my niche sites last week. It’s a first time for me in selling websites. Well, I am not a professional site flipper – a person who creates and sell websites for profits. It’s just that a few of my websites are just sitting idle and I don’t have the interest to touch on them anymore.
So last week, I listed one of my wedding niche’s site at Flippa.com. It’s the eBay for selling websites. The minimum starting bid I was willing to accept was USD147 and the BIN (buy it now) price was USD297. The auction lasted for 14 days. It was only during the last few days that bids were coming in. There were 2 bids initially before the 3rd bidder pop-up and bought my site at the BIN price.
Within a few days after selling my site, the seller realized that I have another niche wedding site. So he asked me whether I wanted to sell that site to him as well. Of course I accepted his proposal, because that’s the next site I want to sell in mind after the first deal was done!
The 2nd site was sold at a higher price at USD340, because the site was earning more money than the first site. So right now, you may ask me: “Why do you want to sell the site if it’s making money for you?” Well, the income earned from these 2 sites are minimum and I feel that it’s not worth my time to continue building them. So, I rather sell it – let the new owner takes over and bring the sites to a higher level, which I feel I could not do it.
Actually, I was asking for $397. The buyer negotiated for $340. I accepted the deal because I was dealing with him directly this time round. That’s because getting your site listed on Flippa costs USD$19. If the site is successfully sold, you have to pay again a 5% success fee based on the amount you sold it. I don’t have to pay all these “admin” fees, so I agreed to it. Just a side note: If nobody buys your site after the listing period, your $19 is gone. It’s non-refundable. 🙂
Initially I was a little worried about selling websites because I don’t really know the process of transferring websites. You know, you have to back up the SQL database and the wp files and export them to the new domain etc. But heck it, I just give it a try and during the listing period, I read up some guides on transferring sites. So theoretically, I know how to do it. LOL.
Luckily the buyer was quite experienced. I just had to zip up all the necessary files and send it to him as he can do it himself. All I need to do is to push my domain to his account and that’s it!
So the 2 websites were sold for USD$637 last week and I am happy about it.