If you’re looking to sell a site, well, I would consider holding off on it for a little while because the site flipping marketplace isn’t that great right now.

Reason for a Sucky Marketplace?

I know a lot of people are blaming the reason for the decline in sales simply due to the bad economy but I don’t really think that is the issue. Most people that purchase websites already have the money so it’s not like they need to save to pay for rent or whatever.

On the other hand, I do think that there is a slight lack of interest in purchasing websites as a whole and it goes far beyond sites that are able to make money and prove it.

A lot of people tend to base the value of a site on how much revenue they make on a monthly basis, particularly easy and somewhat automated earnings, but if that was really the case then how come such great sites are struggling to sell right now?

I’ve seen a handful of blogs that I would expect to sell for a lot barely getting any bids. Normally, I would think that is just a coincidence but when I see a bunch of great sites not getting any attention with bids then I see a problem with that. And usually I don’t think its the site itself.

Occasionally, I just look through forums and site flipping marketplaces just to see how well an auction is going. Sometimes I even just look through to see what is selling, what isn’t, see examples of sites that I could possibly build, find other ways of revenue sources, find other ways of traffic sources, etc. But I’ve noticed the big difference in prices (not necessarily the number of sales) of sales compared to those from six months ago.

Let me give a quick example: Jason a.k.a. TUK is selling his blog with a BIN of $4,500 but if he were to have sold his blog 4-5 months ago he would’ve gotten like $7,000 I believe. There isn’t a problem with selling it, the problem is how much it is selling for.

Hold Off on Selling Now?

A lot of people want to sell a site ASAP but I almost treat it like buying a car – you need patience! When you buy a car, you want to be patient and negotiate because you’ll probably be able to talk your way down a few thousand dollars. Just like selling a site, you never want to go with the first and only bid because that’s almost like settling for less.

I would hold off on selling your sites right now unless you’re able to find a buyer (without listing it a bunch of times in auction because it costs money). Try to take advantage of these situations. For instance, if you see a site that you know you could fix up and sell for even more (or make more money from it) and you find it for a killer price, why not invest in it and purchase it?

Who knows? You might be able to make back what you spent in less then a month.

It’s all about taking advantage of the situations that arise. If the gas prices are at its all-time high, go buy a SUV because you know damn right you’ll be able to get the vehicle for cheap since it’s not selling.

See? Opportunities always arise, its just on us to take advantage of them.