A question that many people ask themselves is whether or not their websites have resell value.
The answer to this question can be yes and no. If you have a website with high-quality content and design, then you can sell it for a higher price. However, you do need to put some time and effort into making your website valuable. It takes patience. You can’t just create a site without putting any thought behind it. The web is so competitive these days and only those who take the time to create a high-quality website will be successful.
On the other hand, if you have an unattractive website that provides less value, then you can rest assured you will make very little or nothing from it.
If you would like to find out if your website has resale value, here are a few things you should know:
1. You Should Put Some Time into It
The first thing that affects resell value is your time and effort. If you have a website that took years to create, then it has more value than one that was created in an hour. This is because the time and effort you put into your website will reflect the quality of the final product.
People are more likely to buy a high-quality website that was created with a lot of thought and hard work than one that was thrown together without any planning. This is why it is important to take your time when creating a website. If you can, try to devote at least a few weeks (or months) towards building it. Doesn’t matter if you are a solopreneur setting up a studio online. Take time to design the most appealing photography logo, imagery, design, and valuable content. That way, you can be sure that it is of the best possible quality before putting it up for sale.
2. Some Domains Have a High Resell Value than Others
It is important to realize that not all domains have the same resell value. In fact, some domains are worth a lot more than others. Some domains are more popular and easier to sell than others. This is mainly because some domains are more specific and have less competition.
When you are trying to determine the resell value of your website, it is important to consider the domain name. The better the domain name, the more valuable your site will be. It is also important to note that not all domains are available for purchase. In some cases, you may need to sell or lease the domain in order to get full value for your website.
3. The Design and Content of Your Website Matters
Your website’s design and content also play a role in its resell value. A website with a poor design and content will not be worth much at all. For example, if your site is difficult to navigate or lacks high-quality content, it will be very hard to sell the domain name itself.
In order for people to pay top dollar for your site, you need to create an excellent layout and offer valuable information on the pages of your site. This means providing visitors with useful articles instead of advertisements. The more readable text that they have access to, the better chance they have in making a purchase from you later on down the line when they are looking for a certain type of product or service online.
4. Invest in Your Site for Better Returns
Look – Building a website is like buying a house, the domain is your asset, equivalent to the location of your property, the website is the look of the house, and the hosting is the house itself that stores files. The more you invest in your website, the better it will look and function. This means spending money on a good domain name, quality hosting, and high-quality design, content and functionality (i.e. social media plugins).
When people see that you have put a lot of effort into building your site, they are more likely to want to buy it. They will know that it is worth their investment. If you skimp on any of these things, your website will not be as successful when it comes time to sell.
5. How do you know the Worth of Your Website?
There are many factors you can use to determine the value of your website, including:
Organic Traffic: If your website is getting a lot of organic traffic, then you can be sure that it is worth more than one without any visitors.
Domain Age: The older the domain name, the more valuable it is.
Net Profit: The amount of money your website is making each month is also a factor in its value.
Type of Website: Certain types of websites are worth more than others. eCommerce sites, for example, are often worth more than informational ones. Currently, websites that integrate social media tools and plugins also have increased value over others.
For more accurate results, you can use a domain appraisal tool or a website value calculator to determine the actual value of your site.
6. Will You Lose Money on Websites?
Something worth noting is that if you don’t do your research and find the best platforms where you can flip your site, you may end up losing money. Also, websites are not a get-rich-quick scheme. They take time and effort to make them successful. If you do not put in the work or pick out an unreliable website platform, then it is more likely that you will lose your investment rather than gain from it.
Selling a website is not an easy task. It takes a lot of time and effort to create a high-quality site that will be appealing to buyers. However, if you do your research and put in the work, you can make a good profit from selling it. As a creative digital agency, Kode Digital is perfectly suited to help develop great value websites. As a Meta Business Partner, Kode Digital has access to exclusive tools and resources that can help our clients get the most out of Meta’s platforms. Our team stays up-to-date on the latest Meta marketing trends and best practices.
Author Felix Jean
When not writing blog posts, Felix Jean plays the guitar and go bungee jumping with friends. His writing is focused on technology, design and online e-commerce. He’s a graphic designer too; likes to dabble with Adobe Illustrator to create designs for friends and colleagues.