Cybercrime Predictions for 2023

Threat actors continue to adapt to the latest technologies, practices, and even data privacy laws. Four cybercrime predictions for 2023. With the increased use of smartphones and computers in the…

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WHY DO PEOPLE SELL THEIR WEBSITES?

You must have often seen people selling off their websites which has a good potential of being profitable .This often makes the buyer think, why does the owner want to sell an asset that is profitable? Well, there are many reasons why a person may be interested in selling his website and this particular post is all about it!

However , looking from the owner’s perspective ,here are some points on why he or she would be interested in selling an asset –

1. The seller must be broke and in urgent need of money — see life is like that, all kinds of things happen which you may not want to be in .There may a time when the seller may just want to wrap up and sell his website at a lower cost .It may a demise, a bad loan or just an amount required for re investment.

2. Need for funds — The seller may be needing some extra cash for another business venture .The online business world is so liberal and so dynamic and ever changing, that you can have as many profitable ventures as possible .There are times when the seller is simply selling off his website so as invest the amount of money on his other venture. Starting a new project often requires start-up funds. Programmers, designers, servers, it all costs money. Raising funds in the short term by selling a profitable website is usually a more appealing prospect than waiting, going into debt or calling in angel investors. So by this you can also understand the fact that a website can also be an asset that can be converted to liquid money when time comes.

3. Loss of interest –There are times when the owner simply losses his love and passion from the project .He may be just not interested in running it anymore! In the beginning they spend hours building an online business; adding content and backlinks, all the while encouraging and nurturing the site. Then one day they stop working on it anymore despite of the fact that it is still earning a tidy profit every month .Instead of leaving the website in simply a vegetative state the owner finally decides to do some justice to the poor website and mercy it by selling it to someone who can run it better and utilize its truest potential.

We see a lot of this on Trademysite, so you can now realize the fact that there are a lot of good websites lying, looking for an owner .Even as a seller, you can sell your website there to a potential charismatic buyer.

4. Lack of time investment — As a professional there are another things and priorities in life than making money sitting online .It may appear a very weird concept, difficult to grasp but true .for example — A colleague of mine recently inquired about how she could sell her website. As a work from home mum, she’d managed to build up a successful online business from home while raising two kids, but she’d just fallen pregnant with her third. Realizing there was no way she could put in the time required to run her online business, look after a new born and two young children, she decided it was time to sell. There are also many other owners of websites that may have different reasons so as to sell the website.

5. Regular tendencies of people so switch website ownerships — There are entrepreneurs who work with a different principle .They have a different concept or say a vision. They build up online businesses with the express purpose of selling them. Some people just love building businesses, not running them, so this is a great opportunity for buyers who love running businesses, not building them. Isn’t that too good and too weird to be true!

6. The owner is exhausted — Sometimes the seller feels he has does as much as he can and he feels he cannot take the website to higher level anymore. Many individuals don’t have the full set of complementary skills to take their website to the next level. If you’re a solo website owner, and for whatever reason unwilling to outsource, you need a wide range of skills (not to mention time) to run a successful online business. SEO, copywriting, design, programming, marketing … it’s difficult to do it all. After years in the same market, some business owners grow tired and bored which can lead to a lack of inspiration to further grow their business. At this stage, the result is stagnation or worse a decline in the businesses’ financial health. Better to sell and pass the torch to a new owner who, with fresh insight and energy, can enhance and grow the business before the negative effect of waning passion weighs too great on the business.

7. Pursue of new ventures — Entrepreneurs at times come to a point when they have to change paths or choose one out of their many businesses and focus on it alone to earn maximum revenue. Single handedly owning and working with many assignments is like being jack of all trades and master in none. Often following those new ideas/interests will lead them to develop new ventures while continuing to operate their current business. As the development of their new business demands more time, owners find themselves feeling the crunch.

8. Retirement — After working with the website, living all those golden years of growth and good yield from it .The owners may decide to finally retire and sell the website off .To enjoy the rest of the time in leisure.

9. Divorce — At times the website may have multiple owners and times change which may cause a clash between them .So rather getting into a lawsuit or making the work stagnant and useless .The owners may decide to sell off the website at a good price .

10. Health Issues — One of the most unfortunate circumstances we’ve come across is when a business owner needs to sell their company due to medical or health issues. Whether an illness affects the owner or a close family member which requires the owner to care for their ailing relative, operating a website business may become secondary to more important things in life. Unable to effectively run their business, selling becomes the most viable option.

Conclusion — Whatever the reason may be, when the seller is selling his website, the buyer has an opportunity to acquire an established business and work with it taking it to new heights and yes of course generating good income out of it. With the existing foundation that often just needs a fresh perspective, energy and new marketing efforts to springboard to the next level of growth, you end up making good income from the website.

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