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Flippa Tips – How to Sell Your Site for the Most Money

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One of the biggest goals for all web site and blog owners is to be able to sell their site for a boat load of cash. This was usually done privately and it would be very rare for someone to come out of the blue and ask if you wanted to see your site.

A few years ago Flippa.com came in and completely changed the industry with how we buy and sell web sites. Before being Flippa.com, the buying and selling process was actually done through the SitePoint forums. I had personally bought and sold a few sites through their forum back then, but absolutely love what they have done with their Flippa site and the massive growth it’s had over the past few years. I already have over $100,000 in transactions through my account on Flippa.

Let’s quickly take a look at some of the powerful numbers behind Flippa today.

Flippa Site Numbers

As you can see, Flippa is pushing some serious numbers… well over $100 MILLION in sales!

You will also notice that 60% of all listings end up in a sale. Why do some sell and others don’t?

This is mainly due to the type of web sites or blogs that are being listed for sale, but a huge contribution to the amount of money a site will sell for also lies within how well they did with their auction listing. That is exactly what we are going to talk about in this post. How to get the most money from your web site through Flippa!

Follow these simple steps and you are destined to find better results, more bids and even higher payout for your next web site or blog auction.

Provide as Much Info as Possible

As with anything in life, the more information you can provide, the better. As much as we all would like to think that our web sites are the greatest and that they deserve top dollar, it will be a completely different view from the person who is buying your site. The more information you can provide, the less likely the buyer is going to feel like they are getting scammed.

What do buyers want to see in site descriptions? EVERYTHING! You should specifically be focusing on how the site was created, why you are selling, did the site earn any money, what type of job and investment is required to continue to run the site, all advertising/management costs and anything else that the new buyer of the site would need to know.

Flippa Blogging Auction Listing

Google Analytics Access

There are lots of ways to track a web site and the traffic that it receives, but at the end of the day Google Analytics is the standard that all buyers want to see. Flippa already has a system in place for you to connect to your Google Analytics account and upload the latest information and reports on your site. If you like to use another outside tracking method besides Google Analytics, that is fine… but if you want to get the most money out of your site, you better have full Analytics to report to your potential buyers.

Flippa Google Analytics

Monetized Sites Sell Best

If you have a web site or blog that is earning a few thousand a month in sales versus a blog that isn’t making money at all… which do you think is going to sell for more money? Obviously the one that is generating money! This means you should always try to list web sites that are making money. If you have a web site that isn’t making money and you want to get rid of it, throw it on Flippa and see what type of attention it gets. If you don’t see the sales numbers you would like, pull the site down and try to monetize it, then list it again after you’ve made some money with the site.

Flippa Site Earnings

Reserve or Not to Reserve

The “Reserve” price is a feature available on all Flippa auctions. This means you can set a price for your web site and if it doesn’t meet that price, then you don’t have to sell. Reserve prices are good and bad. The good thing is that it protects your web site from selling for a very low price. The bad thing is that it will usually scare bidders away and they will always contact you asking what the reserve is.

Flippa Auction Reserve

Respond to All Comments Fast

Selling your web site is a serious business. If someone is going to a real bid to buy your web site or blog and they have a question, you better be there to answer it for them. Don’t let questions and comments build up on your site auction without any responses. Be active on your auction page as much as you can, and always respond to all comments and answer questions in the most detail as possible. If you come across trolls or people that are bad mouthing your listing, contact Flippa and they will take care of it.

Flippa Comments

Due Diligence Report

If you have a really large and advanced web site or blog for sale, you can order a Flippa Due Diligence Report which costs $199. In short… “A full, hands-off Due Diligence solution that gives an in-depth overview of any potential problems, or any misrepresentation in the information provided by the seller.” – Though I would not think this service is necessary for anyone looking to sell a web site for less than $20,000.

Due Diligence Report

Accept Payments Through All Methods

When listing your site for sale on Flippa you have a few options for how you can accept payment. These methods are Paypal, Escrow and Credit Card. Paypal is used for the majority of transactions and Escrow is used when you are dealing with higher end sales (usually $5,000+). To make the most out of your auction, you should accept all payment methods (or at least Paypal and Escrow), as this will let the buyer know that you are serious and willing to work with them on a payment method.

Flippa Visa MastercardP aypal

Make Your Listing Stand Out

Just like eBay, you can make your Flippa listings stand out from others on the site. With hundreds of active listings on the site it would be a good idea to get a little more exposure. Of course exposure comes with cost, so you better make sure you have a high end site for sale if you are going to spend some good money on promoting. I’ve listed some of the top listing enhancement for you below.

Flippa Premium Listings

Follow these simple steps and take the time to create the best auction you can and you will see a huge improvement in bids and sales prices for your sites when listing them through Flippa.

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Can’t Stand Retirement? Try these 7 Best Jobs for Seniors and Retirees

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Retirement is now seen as more of a fluid concept than a permanent state.

More than 50% of retirees aged 50 and over said they would return to work for the right opportunity. And, 39% of workers over the age of 65 said they had retired at some point in the past.

Income is one reason why seniors return to work after retirement.

But, being able to do more meaningful work is considered a key reason for delaying retirement. In fact, more than two-thirds of older workers report greater satisfaction in the workplace as a result of doing useful work.

If you’re considering “unretiring” too, here are four great jobs for seniors and retirees.

1. Online Marketer

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2. College Instructor

Roles in education make great retirement jobs. These positions give you a chance to share your knowledge and skills. And, they also offer a great way to connect with younger generations.

With an advanced degree and years of work experience in your field, you might like to work as a college instructor at a university, community college, or trade school.

And, with a predicted 15% increase in post-secondary teaching positions by 2026, there’s a good chance that your skills will be in high demand.

3. Financial Services

Through excellent retirement planning, financial motivation might not be a factor in wanting to continue working in finance after retirement. But, you might find it fulfilling to take on a new position as an accountant or auditor to “keep your hand in.”

If you have sufficient qualifications, you could even work as a financial consultant on a freelance basis. This is a great way to use your financial experience and skills while enjoying the flexibility of part-time jobs for seniors.

If you’re interested in financial work but aren’t qualified, you could do a course to become a tax preparer. This is one of the best jobs for older people who prefer to work seasonally on an annual basis.

4. Blogging

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5. Freelance Writer

Why not follow Jessica Fletcher’s lead and become a writer after retirement?

In all seriousness, whether it’s exploring your creative side or sharing your work experience through technical writing, there are many writing jobs for retirees.

Full-time jobs often require a bachelor’s degree. But, there are many opportunities to work on a freelance basis or contribute to single projects.

You might consider working on a book, completing assignments for print or online publications, or even starting your own blog.

6. House Sitter

The freedom of retirement means that jobs for 60-year-olds can also be great opportunities to fulfill lifelong dreams.

If you’ve always wanted to see the world, caretaker and house sitter roles offer you the possibility to travel without all the expenses. There are short-term and long-term options in this area.

And, if you’re part of a couple and are both flexible about when and where you go, you may both be able to get hired as a way to travel the world together.

7. Sell Stuff Online

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The Best Jobs for Seniors

As these jobs for seniors show, there are a variety of different employment sectors and roles that offer opportunities after retirement.

Whether you want to enter a new field or explore a different position within your area of expertise, many jobs for retirees can help you combine fulfillment and flexibility.

Or, if you’re ready to take on a whole new challenge after retirement, check out these articles on entrepreneurship for more inspiration.

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5 Ways to Maximize Your Forex Profits and Investments in 2019

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As we all know, there are many different ways to make money online — whether that be through starting a new business, focusing on affiliate marketing and blogging, or even putting your existing finances to work for you through good investments or stock/forex trading. With so much focus on each of these methods, today we are going to take a look at what the world of forex holds for those willing to put in the time and effort.

Forex is one of those activities that is very easy to learn, but hard to master. Even though it is not a good idea to get into forex with the preconception that profits are guaranteed, it is no secret that money is a key motivating factor for many traders. Whether it is to create a steady, additional source of income or build a primary source of money, the financial aspect always takes precedence over others.

However, traders are as diverse as the combinations of currencies, and the money-making process varies from one person to another. Therefore, we have decided to make a list of actionable tips that will help you make a profit out of your trading efforts. Here are five ways to maximize your forex profits.

Prepare Before You Begin Trading

Because the Forex market is based mainly on leverage – with some brokers offering leverages as high as 50 to 1, 100 to 1 or even 200 to 1 -, some traders might fall into the temptation of taking them for granted. Admittedly, even professional forex traders might experience this cognitive dissonance from time to time, because the willingness of the brokers to offer high leverages will make some traders believe that the risk is manageable, triggering what most experts call ‘’the gambler’s fallacy’’.

So, the best approach before entering the forex market is to create a detailed and comprehensive plan. Beginning with a practice account is recommended here, because it offers the freedom to experiment with lots of strategies without assuming any risks.

Another thing that forex traders should consider doing while practicing is reading a few forex trading books. Some of the best Forex books are the following:

  • Forex Strategies: Best Forex Strategies for High Profits and Reduced Risks. Written by Matthew Maybury, this book is an excellent reading material both for beginners who want to step into the forex market with the right foot, or veterans who want to refresh their knowledge.
  • The Little Book of Currency Trading: How to Make Big Profits In The World of Forex. Written by Kathy Lien, this book can act as an excellent auxiliary material for the previous title.
  • Currency Forecasting: A Guide To Fundamental And Technical Models of Exchange Rate Determination, Michael R. Rosenberg. This book is great for people who want a short, concise introduction into the art of making forex profits and do not have the time to read longer titles.

These books are a good starting point if you want to learn how to maximize your profits. However, do keep in mind that they are pricey – but the price of the books are totally worth it on the long term.

Do Not Set Excessive Goals

If you hope to have any chances at profiting from forex in the near future, one of the best approaches is setting your expectations as low as possible. Unfortunately, most traders become nearly obsessed achieving a ‘’professional’’ level right from the get-go, as soon as they advance from demo accounts to handling real money.

As good as being ambitious is, the main problem is that having a big goal with no realistic plan to achieve it is essentially worthless to long-term growth. Instead, a wiser (and more recommended) approach for beginners who just got their feet wet in the forest market is building a realistic short-term goal and sticking to it for a while, preferably a month or two. As soon as you achieve that short-term goal, you can steadily advance to more and more ambitious goals until you reach the high tier of forex trading.

To conclude, if you are serious about achieving long-term goals, you should start with the little stuff first, and devise a comprehensive plan that will help you achieve those smaller milestones.

Practice Patience

Many forex traders, particularly rookies, are more likely to get impatient or panic if a trade does not go their way as soon as they launch it. On the opposite side of the spectrum, if a trade goes better than expected, they get cocky and either rush to pull the plug right away on a trade that could have rendered a significant profit, or get greedy and spread their finances too thin in order to grow their revenue.

However, patience is a quality that requires a lot of persistence and effort to build. Using specialized tools, such as the Forex and CFD trading calculator, a pattern spotting and confirmation tool and so on can help you achieve a more methodical approach when it comes to trading.

The one thing you have to remember is that you are going to win some trades, or lose others. Do not stress too much about winning or losing – you will lose money at some point, and there is no way around that. Take satisfaction in the small things and on the accumulation of experience, as this attitude will pay on the long-term.

Understand the Tax Implications and Treatment

When it comes to forex, it is important to understand the tax implications and the legislation regarding the forex activity in order to be prepared when the dreaded tax day comes. Forex can already be a full-time occupation, so the best approach here is to consult a qualified accountant or tax specialist that knows the ins and outs of tax law.

A qualified professional can help you avoid any surprises and take advantage of various tax laws – the market-to-market accounting law, for example, which involves recording the value of an asset to reflect its real market traction. Another reason which makes hiring a qualified accountant the wise idea is that tax laws have a tendency of changing regularly, and keeping up with all the legal matters is quite hard for someone who has not had an education in this sense.

Diversify and Limit Your Risks

Another good approach to maximize your profits is diversifying, and at the same time limiting your risks. Here is what these two strategies involve:

  • Diversification is key in maximizing your profits as much as possible. Traders who extend their portfolios across multiple markets have a better chance of making a profit. By applying this strategy and investing small to medium amounts in multiple currencies, you minimize your chances of suffering terrible losses – because, essentially, one loss is mitigated by a win on another. Even if you are absolutely sure that a particular trade has a chance of paying off, it is still a bad idea to put all of your money in a single basket.
  • Familiarize yourself with ways to guarantee a profit on an already profitable order. Good tactics in this sense involve trailing stops, or limiting losses using limit orders or stop. As important as it might be to concentrate on winning, limit losses is more vital to your long term success as a trader.

Conclusion

The forex market is an attractive proposition for many ambitious entrepreneurs thanks to its decentralized nature, round the clock schedule and high leverage – which can be both an advantage and disadvantage, depending on how one approaches the issue, and very low requirements. Maximizing profits comes down to keeping up with tax laws, doing as much research as possible, setting realistic goals and, last but not least, practicing patience. Make sure to follow the advice listed in this article, and you will learn how to maximize profits in no time flat.

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Top 20 Most Expensive Domain Name Sales Ever

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Imagine buying a brand new domain name for $10, then holding onto it for a few years and selling it for millions! The scenario is extremely unlikely, but it does happen. More often than not, the domain is sold for thousands, but the individual ROI on that initial $10 can be huge! Welcome to the world of domain name buying and selling.

Having been making money online since the mid-90s, I’m always kicking myself at the thought of being able to get my hands on some of the best generic domains back before they were registered. Oh, well 🙂 I think it all ended up for the best so far anyway.

With the discussion of domain names and high-valued tech companies always in the news, the dream of selling a domain name for a ton of money isn’t that far off — especially if you know what to look for, or are currently sitting on a nice portfolio of domains. To help with this process, we’ve created an excellent reference guide that covers everything you need to know domain names, values, and registering some great ones of your own.

Most expensive domain names publicly reported

When it comes to looking up the most expensive domain names ever purchased, it’s an ongoing process. With more than 100,000+ new domains being registered daily, it’s a full-time job to keep the list of most active and highest-priced domain names updated. Thanks to GoDaddy, we don’t have to compile this type of information ourselves, as they are one of the largest domain registrars in the world today, and publicly post this data on their site.

At the same time, there are many different ways to list and sell domain names — both publicly, privately, and through domain brokers. GoDaddy also reports that most domain names sell for thousands of dollars when being purchased from someone else.

With all of that in mind, let’s take a look at the top 20 highest selling domains names to date — courtesy of GoDaddy.

  1. Insurance.com — $35.6 million
  2. VacationRentals.com — $35 million
  3. PrivateJet.com — $30.18 million
  4. Internet.com — $18 million
  5. 360.com — $17 million
  6. Insure.com — $16 million
  7. Fund.com — £9.99 million
  8. Sex.com — $13 million
  9. Hotels.com — $11 million
  10. Porn.com — $9.5 million
  11. Porno.com — $8,888,888
  12. Fb.com — $8.5 million
  13. Business.com — $7.5 million
  14. Diamond.com — $7.5 million
  15. Beer.com — $7 million
  16. iCloud.com — $6 million
  17. Israel.com — $5.88 million
  18. Casino.com — $5.5 million
  19. Slots.com — $5.5 million
  20. Toys.com — $5.1 million

The common theme across nearly all of these multi-million dollar domain sales is that they are super generic one-word domain names, that are also .com. The only two exceptions are VacationRentals.com and PrivateJet.com, which both sold for more than $30 million each! The fifth highest selling domain isn’t even a word at all — it’s a number (360.com)!

How to Pick a Great Domain Name

Obviously, the most expensive and valuable domain names are going to be one-word generics that are .com names. What’s also obvious, is that these type of names are no longer around and if you ever wanted to buy and sell domains for profit, you either need to get your hands on a great name, have an existing portfolio, or be really good at coming up with new names that people might want (which happens all the time).

Some simple tips to keep in mind when trying to pick a good domain name.

  • Stick with the main TLDs of .com, .net, and .org
  • Stay away from using dashes and numbers in domains
  • The more generic the better, two words are better than three
  • Make sure the domain is easy to remember and spell
  • Don’t use numbers in place of letters/words (ie: “8” instead of “ate”)
  • Always register your personal name if it’s available

By following these tips, you will have a much better chance at not only registering a great domain name for personal use, business, or for selling — but also making sure it’s the highest value possible.

Using Name Generators to Find New Names

There are two ways to register/buy a domain name. The first is to go through a broker or online site where a domain is already registered and up for sale. The other is going to a domain registrar and simply registering it for the first time. Heading to a site like NameCheap or GoDaddy and getting a new domain name for around $10 is ideal, but also very tough since nearly all the good names are already taken.

If this is the case, you might need to get a bit creative with your domain name, or coming up with a new name for your brand or business. For times like these, I recommend you take a look at these domain name generators. If you are looking for a unique name for blog, business, or products, check out these useful name generators as well.

Something else to keep in mind when registering a new domain name, is that if it’s available, it might not be that great after all. Always consider the domain name you are registering, and also follow the recommended tips that were pointed out above.

Why You Must Register Your Personal Name as a Domain

Your name is unique, and there is no one else in the world like you! However, there are probably hundreds (if not thousands) of other people that share the same name as you. With this in mind, there is a very good chance that someone has already registered your name as a domain if you haven’t secured it already.

Here are two steps everyone needs to follow right now:

  1. See if your personal name as a domain is available
    (get a free domain name with a new hosting account)
  2. If it is, register it! If not, register it as a .net or .org.

If you currently share the name with a famous celebrity, senator, or online marketer, it’s likely your name is already taken as a domain name and there is little chance you will be able to acquire it. This has happened to some of the world’s biggest celebrities, athletes, entrepreneurs, and politicians — Justin Beiber (domain name site shown below), Bill Clinton, Johnny Depp, and many others. 

Don’t miss out on registering your personal name as your domain name, as once it’s gone — it’s likely gone forever! If you currently have close friends and family, you might want to check for their names as well.

If your domain name is already taken, it’s not a complete dead end. Here are a few options you have:

  1. Use a domain name expiration service like NameJet or Pool
  2. Hire a domain broker to try and get the domain for you
  3. If there is a website, contact the domain owner

Want to get even more creative? Start registering the names of anyone else you know, or who might be an up and coming star, and keep them safe until they are famous and world renown!

Get a Free Domain Name with All Hosting Accounts

Now that you’ve seen some of the most expensive domain names in the world today, and why it’s so important to register your name as a domain, it’s time for you to take action.

We are currently partnered with Bluehost — one of the world’s most trusted and well-known hosting companies — and they are giving away a free domain name to all hosting sign-ups made through our blog. At the same time, users will also save 60% off their hosting plans, while getting a free SSL certificate, WordPress Install, and 24/7 support.

Click here to perform a free search for your domain name.

After setting up your new domain name and hosting account through the link above, be sure to shoot me an email. I’d love to provide you with full access to some of my best online training courses and video guides, valued at over $1997. I’m looking forward to hearing from you soon.

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