Website flipping is currently the hottest way to make money online. Flipping, in this instance using Sitebidz, the newly announced extension to the SiteBildz website creation promotion and marketing tool from the makers of SeNuke, simply means buying and selling websites. Many entrepreneurs on the internet make a website from which they make huge profits.

After a while, they sell the website for a greater amount of profit. Just like any other business endeavour, there are certain risks and benefits from this kind of business. This article will discuss how you can prepare your website for sale at an auction in order to minimize the risks involved.

Sitebidz Announced As Part Of The SitebildZ Suite Of Website Tools

1. Make it known you are selling
How else will people know that you are selling your website if you do not announce it? The first place that you should announce you are selling your website is on the website itself. Your visitors might have an interest in buying the site or might know of people who would be interested in buying the site. Using Sitebidz, the sister application to SiteBildz, this aspect should be simple as the applications interface directly with the major site flipping websites.There are some sites that have a higher demand than others so depending on the kind of website that you have, you may have to wait a while or not. For instance, if your website is mainly ecommerce, it will sell faster than an entertainment site.

2. Have all Google analytics and website stats reports ready
Before you even think of announcing that you want to sell your website, ensure that you have your Google analytics and website stats reports ready and in order. When it comes to web statistics, Google analytics is the platform that most people choose. Even if you do decide to use a different tracking system, it is advisable that you also include Google analytics as part of tracking.
The main purpose of having Google analytics is to provide your potential buyers with relevant information such as where your traffic is coming from based on the geographical location and search engines. It will also provide additional information such as how long your visitors stay on your website.

3. Break down how your website earns money
The final sale price of your website will be determined by how much revenue it generates per month or per year. This is just as important as the website statistics and breaking it down will help potential buyers get a clearer picture of what they are getting. Organize your records to show how much your website has managed to gain, dating as far back as you possibly can.
Break down the sources of income per month. Depending on the kind of site that you are running, it may sell up to twenty times what it generates. This of course will depend on the quality of your site and the particular niche that it is based on. Buyers will use this information to determine if it is something worth investing in and whether the website will help them get returns on their investment.

4. Give out your contact information
Correspondence and personal contact go hand in hand if you hope to auction your website. Consider flipping your website to be a business transaction. Potential buyers have to trust you in order to even consider buying your website. The Sitebidz tool coupled with the optimization you have carried out with SiteBildz should mean that this is not an issue for webmasters.
Therefore you have to give them a telephone number and an email address where they can reach you in case they have any questions.
In addition, you should respond to any questions and comments as quickly as possible giving out as much detail as you can. Remember that website auctions have a time limit; not everyone will have the patience of hanging around so that they can get replies from you in order to place a bid. Make sure you reply to questions as fast as possible so as not to miss out on a high bid.

5. Involve yourself in webmaster forums
It may not be enough to announce on your website that you are selling therefore you should expand your options by being active in webmaster forums. A number of website owners usually look for opportunities to expand their own businesses and therefore your website could be something of interest to them. If you are active in these forums and create a good reputation for yourself, you might just get an offer for your website.

6. Set a reasonable "Buy It Now" price
The sole reason for having the "Buy It Now" price is to give a potential buyer the opportunity to avoid a bidding war and buy the website at the price that you think it is worth. Unfortunately most sellers set unrealistic prices on their websites. Potential buyers get put off very easily by a seller who over values his website because the message that they are sending across is that they do not know what they are doing. Ask friends or someone who knows about auctioning websites to help you put a reasonable price on your website. It is understood that Sitebidz will give users access to tools that perform this function for them, Though I always advise getting more than one quote or opinion before committing to a sale, especially if you are new to site flipping

7. Keep the description simple
Have you ever wanted to buy something but the way it was described made you have second thoughts? This is what will happen if your description is too hyped and looks as though you are trying to sell something that is not solid. Avoid things like "grab it now or lose out!" or "Great deal", etc. Another mistake that people make in the description is to give potential buyers a hypothesis. For instance, if your site is currently making $40 a month, you promise them that it has the potential of making $50, 000 per month.

8. Have a good reason as to why you are selling
The first question that you will get from your buyers is why you are selling the site in the first place. If you do not have a valid reason, they will assume that it is no longer making any money and therefore you just want to get rid of it. It would be a good idea to include a reason as to why you are selling it. Some people sell their websites as an exit strategy to their business or because they want to pursue other interests. It is acceptable to say you are moving on to new niches, using SitebildZ it may be the case that there are good site flipping professional who make a real name for themselves by their optimization of websites
These eight tips will help you to prepare your website for an auction. Most sellers do not sell their websites simply because they do not do their homework.

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