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5 Reasons Why it’s Better to Buy an Existing Website

5 Reasons Why it's Better to Buy an Existing Website
It’s better to buy an established website which is already successful than to build a new website from scratch. The established websites can be a smart move for those who are looking out for a sure income from day one.


It’s better to buy an established website which is already successful than to build a new website from scratch. The established websites can be a smart move for those who are looking out for a sure income from day one.

Here are 5 reasons why it’s better to buy an existing website.

1. You will have to do less hard work

Since you are thinking of buying an established business online, you don’t have to design or coding the website to get started with the business. You can revamp the acquired website whenever you want, it is not mandatory to do it immediately as it still makes sales.

You will not have to pay anything from your pocket as you will make money from the first day.

2. Save time and money

It is the best way to own and run an existing business rather than building a website. It’ll be a great idea to take advantage of someone who wants to sell the website instead of spending effort, time and money on creating the entire set up from scratch.

5 Reasons Why it's Better to Buy an Existing Website
5 Reasons Why it’s Better to Buy an Existing Website

3. Existing websites have already traffic.

Most of the existing website will get traffic from SEO rankings, Social media, or Marketing campaign. With the help of some marketing skills, you can easily monetize the existing traffic that you are getting on the website without any effort.

4. An established website has a customer database.

Generating a customer database with potential customers can be difficult and time-consuming as well. Those websites that are doing well will have a ready-to-use customer list. Once you acquire the ownership of the existing business, you will be provided with the access to the lists of customers so that you can contact your customers directly for offers, and promotions.

5. An established website offers revenue from the first day.

We all know that there is no instant success in any new business. However, it can be quite profitable if you are buying a website that will offer revenue from the very first day. Here you will only have to focus on how you can expand the business while accelerating the flow of income.

How to Sell your website

A lot of business owners are getting involved in forming their own e-commerce business where they can sell products or services and make a profit. Maybe out of passion, you have developed a website with an idea of starting a business from home. After a point of time, you might think to sell your website and start something new for your business.

You will be looking for a good marketplace to sell your website. However, the next step can be a challenging part as you will have to evaluate your own business. It is an essential aspect to evaluate your business website and find out how much is your website worth or it can be sold for.

How you can find out the worth of your website and how can sell your website for a higher value.

The website only makes value if it has the potential to provide a good return on investment. The buyer will only invest in those websites that can make sales and offer better revenue.

You as a seller and the customer is a buyer will obviously have a different mindset about the website. The buyer who will be investing in your website might expect a quick payback and he will decide the amount based on the risk.

Each and every aspect comes under consideration while evaluating a website such as the development and maintenance cost of the website, domain fees, traffic, monthly sales and profit, the amount spent on promotion and ads, etc.
How will a BUYER evaluate the website?

5 Reasons Why it's Better to Buy an Existing Website
5 Reasons Why it’s Better to Buy an Existing Website

Most of the buyers are willing to pay a higher amount of what the business is generating but it is determined by the amount of risk involved. The lesser is the risk, the higher amount will be spent by the buyer for a website.

Factors involved in evaluating a website:

• Consistency in earnings
• Business growth
• Automated systems
• Revenue streams
• Traffic and ranking

Here’s how you can maximize the value of your website:

1. Estimation and paperwork: It is necessary to have all your assets, profits and expenses calculated.

2. Simplify your routines and other processes: It is necessary to ensure all the processes are functioning excellently. It will be a great idea to cut down unnecessary expenses.

3. Try differentiating whatever you are offering: You will have to look for a way to differentiate your business from the other competitors. Try figuring out what makes you stand different and exclusive from other and showcase it to your buyers.

4. Organize your business: keep things organized so that it attracts more buyers. It’s a great idea to make your business more organized while fixing any kind of problems. An effective and profitable website have more value.

8 Tips on How to Get More from Your Existing Customers

Your existing customers are a great and valuable asset of your business. You have to build quality relationships with them.

For your business the existing and previous customers are vital for three reasons:

1. They have already bought from you, so providing they had a good experience, they might buy from you again. Also you know that getting a new customer is much more expensive than selling to an existing customer, so by continuing to sell to them, you are really saving some money.

2. They can give you invaluable feedback for your business. Was your service good enough? Did you delight them or ‘just ok’. Did your product meet their expectations? Was it good value for money? And so on.

3. They continue to save you money because they should be your major source of referrals and new business. So through them, you get access to new clients who already know about you and have a positive opinion of what you do.

If you are not leveraging existing customer database, you are losing out on a cost effective source of potential new business. Many receive referrals – for which they are grateful – but it’s not because they actively sought the referral, or had a strategy in place to ask for it.

Here are 8 tips to get more from your existing customers and maximize the value from your most valuable asset:

1. Delight your Clients

Anyone with half a brain can satisfy a customer. But only when you continually delight customers will they keep coming back. You should aim to exceed your customers expectations on every interaction that they have with you. Do this consistently, and you will have a customer for life.

For example, you think your loyal client could benefit from reading a section of your ebook or an article you’ve written? Surprise them and make it a gift. Sure, you could say, “I’ll give you a fifty percent discount.” Give your client a reason to stick around and spend a thousand dollars instead.

2. Personalise, personalise, personalise

“We are entering an era where one size no longer fits all-or even a few. We are entering an era where one size fits one. It is highly personalized, customer-centric, customer-driven.” (From One Size Fits One: Building Relationships One Customer and One Employee at a Time).

Known variously as customer relationship management (CRM) and one-to-one marketing, personalisation is being practiced by businesses large and small across all sectors of the economy. The message here is simple: you want to lavish personal attention on customers who are going to reciprocate by being consistently good purchasers of your product or service.

Give these customers an incentive to share information about themselves that you can use when you contact them next. The more your customers feel as though you are treating them individually, the more likely they are to continue their relationship with you.

3. Provide Guarantees

A guarantee is a powerful tool for keeping your customers when they might otherwise go elsewhere. With a good guarantee, you tell your customers where and how to complain, and that complaining is worth their time and effort. It also shows that you care. A good guarantee is unconditional, easy to understand, meaningful, easy to invoke and easy to collect on.

4. Ask for Feedback

If you don’t know what your customer thinks about you, your business, your product and your services, then you might as well fail to gain their trust.

People will endorse your business not because they think it looks good, but because they know it is good. If they have problems with your services, customers are the best source of objective advice on how to make improvements. So have a process in place where you regularly ask them for feedback. And once they’ve given it to you, let them know how you are going to use it. They will begin to feel involved in your business, and are more likely to send other people your way.

5. Reward them for being Loyal

Loyalty marketing programs are designed to engender loyalty and increase sales from your best customers. When properly designed and executed flawlessly, loyalty programs provide a vital link between your business and your customers, improving customer satisfaction and increasing sales. Here are some commonly used ideas for creating your own loyalty program:

– preferable rates for loyal customers
– provide bonus product or service if they have bought before
– programs that promote multiple purchases (buy 3 and get the 4th free)
– Points program – each purchase is worth points. When they amass a certain number of points they get a reward of some kind

6. Keep in Touch

Keeping in touch with your customers is about maintaining relationships. Customers are most likely to keep buying from you if you have a strong relationship – if they trust you and your product/service.

Your keep in touch strategy should consider:

– the best way to stay in contact (email, telephone, hardcopy newsletter etc)
– frequency (monthly, quarterly event-based)
– what to talk about (what your company is doing, industry information, tips and hints, useful resources etc)
A Keep in Touch program is not the place for a hard sell. Keep it information based, concise and interesting

7. Implement a Referral process

Be very clear about who you want as a referral and why. The quality of referrals you receive depends on how well your customers understand what you are looking for. The best way to do this is to write it down for them, or discuss it in some detail – don’t assume they already know. At the conclusion of every sale, ask them if they know of any other people who would be interested in your service.

8. Thank them for referrals – every time

Finding a way to thank your customers for referrals lets them know that you value them for their efforts. It makes them feel recognized, and it reinforces the behaviour so they consider referring to you again. A thank you can be as simple as a hand written card, sent through the mail, to a set of movie tickets, a voucher, or even just a phone call.

There are so many ways that we can go one step further with the people who already buy from you. Make this a focus of your marketing efforts and you will soon see the rewards come back in the form of increased referrals and increased sales.

Your existing customers are a great and valuable asset of your business. You have to build quality relationships with them.