Jasz
VIP Contributor
Most people don't know how much more money they can make from selling their website than from holding on to it.
You're probably wondering, "How is that even possible?" Well, it's actually surprisingly simple. It's called the multiplier effect.
Think of owning a website like owning a lemonade stand. A lemonade stand has limited earning potential because your area probably only has so many thirsty people walking by at any given time. But if you sell someone the rights to your lemonade stand, that person can then sell lemonade out of it and pay you your asking price plus some extra to keep using the stand. Now, instead of one person making money off of the stand, you have two! This is called the multiplier effect: when one person makes an investment that allows a second person to make a profit as well. You even have the opportunity to get another or invest on another thing.
The same thing happens with websites. When you sell your website instead of holding onto it and trying to manage it yourself, you get more money than you would have gotten if you had just kept it for yourself for however long you could. What's more, whoever buys your website gets to manage it as they see fit and make money off of it in the process! Most importantly, though—you get MORE money!
Oftentimes, you can't see the value of the website for yourself—but other people certainly can. Your website worth something when someone else buys it.
You're probably wondering, "How is that even possible?" Well, it's actually surprisingly simple. It's called the multiplier effect.
Think of owning a website like owning a lemonade stand. A lemonade stand has limited earning potential because your area probably only has so many thirsty people walking by at any given time. But if you sell someone the rights to your lemonade stand, that person can then sell lemonade out of it and pay you your asking price plus some extra to keep using the stand. Now, instead of one person making money off of the stand, you have two! This is called the multiplier effect: when one person makes an investment that allows a second person to make a profit as well. You even have the opportunity to get another or invest on another thing.
The same thing happens with websites. When you sell your website instead of holding onto it and trying to manage it yourself, you get more money than you would have gotten if you had just kept it for yourself for however long you could. What's more, whoever buys your website gets to manage it as they see fit and make money off of it in the process! Most importantly, though—you get MORE money!
Oftentimes, you can't see the value of the website for yourself—but other people certainly can. Your website worth something when someone else buys it.