How to Buy and Sell Websites The First Steps

The whole process of buying and selling websites can be quite complicated for the uninitiated and, although I have already written several articles on specific aspects of the launch of websites, this is the first time I will review the process step by step. This particular article covers the initial steps that both parties take when buying or selling a website.

Step 1: the buyer and the seller reach an agreement

Before taking any step, the parties that carry out the transaction, that is, the buyer and the seller must reach an agreement. Of course, everything starts when the seller puts his site on sale, then the buyer indicates his interest and, finally, both agree on a deal. The process can be done through reputable markets such as Flippa.com or privately through direct contact.

Step 2: The payment method

The next step is for the parties to agree on the mode of payment. Here are two options: direct payment or through a custody service. If you opt for direct payment, you will receive more payment options: PayPal, bank transfer, and check or money order. If you decide to do so through a security deposit, there are several things you should keep in mind.

Using the trust

Not all transactions have to be made through a custody service. There is no rigid and fast rule for this, but ideally, transactions in excess of $ 1,000 must use escrow. A popular escrow service that has even been integrated into the Flippa.com system is Escrow.com. If you consider that Escrow.com rates are high (although it is definitely worth it), there are other services you can use such as SafeFunds.com.

Regardless of the company you choose at the end, make sure you feel comfortable working with that service. Then, register for an account with that escrow service. Having previously used Escrow.com and SafeFunds.com, I know that registering with either of these two is easy and free. Regardless of how few times you plan to move, it is always advisable to have an account in advance, so you will already have an idea of how the escrow works.

So how exactly does it work? In a nutshell, the process is as follows:

Once the terms of the agreement have been resolved and are agreeable to both the buyer and the seller, the buyer then funds the escrow account. The custody service verifies the funds and confirms this to the seller. After verification, the seller must immediately initiate the transfer of the site to the buyer, who then verifies the "goods". If everything is in order, the buyer informs the custody service and the seller obtains the funds.

While everything seems fairly simple, some disputes may arise, such as the buyer claiming that not all goods have been delivered under the terms of the contract. When this happens, you can file a dispute through the dispute resolution system of the custody service.

As you can see, the first basic steps in buying and selling Dropship websites can be easily managed even by those new to the business, and with the assistance of custody services when necessary, there is no reason why you can not Investing websites profitably.