subject: Creating Websites That Can Sell For Million Of Dollars [print this page] Getting over the $1-million hump may seem to be an easy task, if we go by the claims of self-proclaimed online millionaires. Under any circumstances, there is more to it than meets the eye. Turning your website into virtual million-dollar cash cow is not a straightforward and simple undertaking. You have to put your heart and mind to the tasks at hand. It requires a great deal of patience and persistence to looking to your expected target. The reason why a lot of people turn out websites with price tags that only run for a few hundreds or thousands of dollars is because they plunge into their online venture without the proper frame of mind.
You are off to a good start if you are able to create a website that turns in consistent and stable income while giving you a lot of spare time to do other things on the side. On the other hand, there may be some things that you are not doing right if you are going for multiple sites to reach your wishd level of income from your online business venture.
Elements of a Million-Dollar website
The price tag of a website is normally pegged by determining its monthly earnings. A high-value website normally gets a price tag which is equivalent to its normal income or revenue for a 12 to 18-month period. Thus, if you have a website that generates a monthly income of $8,000, then you can offer such website for sale at a price of $96,000 to $144,000. The selling price naturally raises by the stated time variable as the earning or revenue of the said site raises.
Using this price template, you can easily see how much income your website should generate in order to hit the million-dollar mark. For instance, if you want to create a website that will give you revenue of $1 million in a year, then you must create a site that can generate a monthly income of at least $30,000. Setting the required income level is a nifty way of ensuring that you are within the range of your target selling price of your website.
Hitting the Million-Dollar Mark
There are actually thousands of options and ways by which you can create a million-dollar website. This six-figure virtual cash cow can be an expert content or news site that generates substantial revenue by using paid adverts. It may also be a reputable discussion forum where you can charge forum members monthly fees or some kind of gaming site where you can collect fees every time members play a particular online game or earn income in exchange for the access to your website.
The opportunities to monetize your website are endless, and you only need to establish your goals and objectives in order to looking a good grip of the direction that you want to take in your online business venture.
