Website net worth
After you have completed the process of estimating the true amount of price for your website and after you have sold your website, make sure that you complete all of these points in order to make sure that you stay safe throughout the way. The steps that you might want to take throughout this process might include these things:
The Procedure of the Payment
In case you are the client, make sure to ask the seller, through which procedure, would he/she prefer to take his/her Website net worth and in case you are the seller, make sure that the money you are due to have, reaches you through a safe medium. The best technique that you can use to make sure that you are being safe in the process, make sure that you divide the payment in between the final and initial times. The best way is to receive the half amount of the payment once the deal is set and then half of it at the time when you transfer the entire website to the client. There are several ways through which you can attain the Website net worth for example, you can use a check or a wire from the bank or you can even receive the payment as cash.
Making a Contract
Make sure that you set up a formal contract or a treaty that has been verified by your lawyer and that will allow you to have your payment by a certain date. In case you are the buyer, this contract will help you attain all the authority over the website that you have bought within a certain period of time. In case the deal is quite small and you can handle it with a small contract by yourself, it is all well and done, but in case the deal that you have done consists of a huge amount of money, make sure that you hire a proper lawyer, so that you can be safe on the both sides as far as the legal points are concerned.
Defining a Helping Period
Make sure that you add in some time through which you can provide some support to your client. This does not have to be a huge support, but you should help out the client in understanding the main points on which you have maintained to develop your website.
These things are quite technical and you should stay on top of these. Business of website is an extremely complicated thing to handle and you should never leave out anything in the procedure. Make sure that you do not forget about the production of web hosting, mailing lists, domain names, software, listings of paid directory and subscriptions, plus all of the other details that needs to be settled in this contract and things you need to transfer to the client.
What Should You Do After You Have Sold Your Website
After you have received your Website net worth, make sure that you do not waste the money that you have earned on useless things.