Last 2 months
In March and April I dedicated all my time on selling online business. I sold around 70 websites in total in the last 2 months. 1 deal involved 65 websites at once (1 of my biggest deals in history of online business so far). One other deal was pretty big to (mid x,xxx) and a lot of stress was involved. Finally this stress is all gone, money has arrived and I can dedicate my time to my main websites again that were pretty much collecting dust for the last 2 months (including this blog).
Selling online business
Selling online business is hot. For instance, look at flippa.com. Lots of websites are listed everyday, but the quality is pretty low. It looks like everyone is listing their new site with barely rankings or earnings on flippa and hope for the best. I even saw a couple of sites selling for $20 last month while their listing fee is $19. Don’t even start on the success fees they charge (ouch, I definitely paid enough fees for a holiday).
Future plans
At this moment I have around 10 online businesses left. All small ones and easy to manage. The plan is to build these up to a stable monthly income and while doing that I will keep my eyes open to invest a % of my earned money from the past 2 months.
If you have any questions about selling online business, you can contact me using the contact page and I will give you my points of view on it!
Yeah, bigger deals are stressful. You never know if it can be a scam, especially when dealing internationally with no in-person meeting or even a phone conversation. I try to go escrow when possible and did some research learning that many online escrow services, including ones of the most popular ones, do not cover websites and only work for domain transfers. As far as I know, you prefer paypal, correct? Did you ever had an issue with scammers? Did paypal always work for you and is it your preferred method?
They do only work for domain transfers, I made this last deal through escrow to, but I didn’t like it! It took over 20 days to complete and the bad thing of all is. I have to push the domain to the buyer directly, not to an escrow account. The buyer already owns the domain name before he accept it in escrow! worst part of escrow.com if you ask me! they should have accounts on all registrars and take the domain in their account, than trade money and domain at the same time!
I prefer paypal yes, I had a few small issues with people charging their money back, but never with website sales! Paypal did always work for me and I am with them for many years now!
Nice, as for charge backs, what stops a scammer to request a charge back after the transfer?
I don’t Rasim! I guess all scammers do try.. didn’t meet that much scammers yet