{"id":992,"date":"2017-08-22T18:24:10","date_gmt":"2017-08-22T16:24:10","guid":{"rendered":"https:\/\/capturly.com\/blog\/?p=992"},"modified":"2022-09-28T16:16:17","modified_gmt":"2022-09-28T14:16:17","slug":"is-your-website-woth-more-than-1m","status":"publish","type":"post","link":"https:\/\/capturly.com\/blog\/is-your-website-woth-more-than-1m\/","title":{"rendered":"Is your website worth more than\u00a0$1M?"},"content":{"rendered":"<p class=\"graf graf--p\">One million dollars. For some people, it\u2019s not a big deal at all. If you already know that your site is worth that much, good for you! If you have no clue, I highly suggest that you should\u00a0<a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/blog.markgrowth.com\/how-much-is-your-website-worth-b644acbeedb7\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/blog.markgrowth.com\/how-much-is-your-website-worth-b644acbeedb7\"><strong class=\"markup--strong markup--p-strong\"><em class=\"markup--em markup--p-em\">evaluate your site<\/em><\/strong><\/a><em class=\"markup--em markup--p-em\">. If this number is still a dream for you and don\u2019t know where to start, then stick around!<\/em><\/p>\n<p class=\"graf graf--p\"><em class=\"markup--em markup--p-em\">The goal of this article is to show you:\u00a0<\/em><\/p>\n<ul class=\"postList\">\n<li class=\"graf graf--li\">What makes a site worth $1M<\/li>\n<li class=\"graf graf--li\">How\u00a0can you make your site worth $1M (even if you&#8217;re on a budget)?<\/li>\n<li class=\"graf graf--li\">\n<p class=\"graf graf--h4\">Why is one website worth more than another?<\/p>\n<\/li>\n<\/ul>\n<blockquote class=\"graf graf--pullquote\"><p>Let\u2019s begin.<\/p><\/blockquote>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/capturly.com\/blog\/is-your-website-woth-more-than-1m\/#What_makes_a_website_worth_1000000\" title=\"What makes a website worth $1000000?\">What makes a website worth $1000000?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/capturly.com\/blog\/is-your-website-woth-more-than-1m\/#How_can_you_make_your_site_worth_1M\" title=\"How can you make your site worth\u00a0$1M?\">How can you make your site worth\u00a0$1M?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/capturly.com\/blog\/is-your-website-woth-more-than-1m\/#Why_is_one_website_worth_more_than_another\" title=\"Why is one website worth more than another?\">Why is one website worth more than another?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/capturly.com\/blog\/is-your-website-woth-more-than-1m\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"graf graf--h4\"><span class=\"ez-toc-section\" id=\"What_makes_a_website_worth_1000000\"><\/span>What makes a website worth $1000000?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"graf graf--p\">Websites that make under $10000 in a month have a tendency to be sold for around 1\u20131,5-year income. In most cases, the price tag moves also when the income gets higher. If it makes $25000-$40000, you might be able to sell it for 3\u20134 years worth of revenue. That\u2019s a pretty <a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/blog.flippa.com\/5-ways-to-value-a-website\/\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/blog.flippa.com\/5-ways-to-value-a-website\/\"><strong class=\"markup--strong markup--p-strong\">decent multiplier<\/strong><\/a>.<\/p>\n<p class=\"graf graf--p\">The most critical factor is whether the site is beneficial to a buyer in a way\u00a0it is economical and has room for development. Younglings aka sites less than one\u00a0year old will have a hard\u00a0time proving themselves, but as they say<\/p>\n<blockquote class=\"graf graf--blockquote\"><p>age is just a number<\/p><\/blockquote>\n<h2 class=\"graf graf--h4\"><span class=\"ez-toc-section\" id=\"How_can_you_make_your_site_worth_1M\"><\/span>How can you make your site worth\u00a0$1M?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"graf graf--p\">The same way you would you can have a website that\u2019s worth 100k or less. <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/litemind.com\/what-is-mind-mapping\/\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/litemind.com\/what-is-mind-mapping\/\"><strong class=\"markup--strong markup--p-strong\">You start with a Mind-map<\/strong><\/a>. A <a href=\"https:\/\/miro.com\/mind-map-software\/\">mind map<\/a> is basically a diagram for representing tasks, concepts, linked to a central subject.<\/p>\n<figure class=\"graf graf--figure\"><img decoding=\"async\" loading=\"lazy\" class=\"graf-image aligncenter\" src=\"https:\/\/cdn-images-1.medium.com\/max\/800\/1*t-tDfb3CPpLdWI53mTje4w.png\" alt=\"How can you make your site worth\u00a0$1M?\" width=\"800\" height=\"600\" data-image-id=\"1*t-tDfb3CPpLdWI53mTje4w.png\" data-width=\"800\" data-height=\"600\" \/><\/figure>\n<p class=\"graf graf--p\">So, in this case, the central subject is not other than having a website that is worth $1M. Now you have to plan your requirements. These can be separated into two main groups.<\/p>\n<figure class=\"graf graf--figure\"><img decoding=\"async\" loading=\"lazy\" class=\"graf-image aligncenter\" src=\"https:\/\/cdn-images-1.medium.com\/max\/800\/1*6RUkZfMTJ6VVP9QKbn-D6Q.png\" alt=\"what you need for a 1 million dollar site\" width=\"757\" height=\"289\" data-image-id=\"1*6RUkZfMTJ6VVP9QKbn-D6Q.png\" data-width=\"757\" data-height=\"289\" \/><\/figure>\n<p class=\"graf graf--p\"><em class=\"markup--em markup--p-em\">Finding a niche<\/em><\/p>\n<p class=\"graf graf--p\">Think of your website as an investment. Million dollar websites begin with million dollar ideas. You can pump everything into a fancy website that sells a product or service, but sometimes less is more.<\/p>\n<p class=\"graf graf--p\">You don\u2019t have to think of something like the next Facebook. For example, here\u2019s a <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/www.incomediary.com\/20-top-blog-sales-sell-your-blog-for-millions\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/www.incomediary.com\/20-top-blog-sales-sell-your-blog-for-millions\"><strong class=\"markup--strong markup--p-strong\">list of 20 blogs that have been sold over a million<\/strong><\/a>, and they are still up and running. TechChurch, the well-known platform in the world of technology was founded in 2005 by Michael Arrington and <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/techcrunch.com\/2010\/09\/28\/why-we-sold-techcrunch-to-aol-and-where-we-go-from-here\/\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/techcrunch.com\/2010\/09\/28\/why-we-sold-techcrunch-to-aol-and-where-we-go-from-here\/\"><strong class=\"markup--strong markup--p-strong\">sold for $30 million 5 years later<\/strong><\/a>.<\/p>\n<blockquote class=\"graf graf--blockquote\"><p>Now how\u2019s that for an achievement?<\/p><\/blockquote>\n<p class=\"graf graf--p\">Find a niche, search for an exact problem or something that is actually out there and is REALLY DESIRABLE.<\/p>\n<blockquote class=\"graf graf--pullquote\"><p>Do yourself a favor and don\u2019t try to reinvent the\u00a0wheel.<\/p><\/blockquote>\n<p class=\"graf graf--p\"><em class=\"markup--em markup--p-em\">Laying down the fundamentals<\/em><\/p>\n<p class=\"graf graf--p\">After you have your idea,\u00a0<a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/moz.com\/beginners-guide-to-seo\/keyword-research\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/moz.com\/beginners-guide-to-seo\/keyword-research\"><strong class=\"markup--strong markup--p-strong\">do your keyword research<\/strong><\/a>. At this point, you have completed your two very basic requirements. Now find a domain that suits you. If you have no idea, just use some free tool like DomainHole. Once you\u2019ve made your choice, go and pick a hosting service. Keep in mind that you might save a couple of dollars with a cheaper one but I wouldn\u2019t recommend it. The benefit of having a well-known host for your website is the fact that it\u2019s well known. Your developers will thank you later. Now you need a CRM to manage your contacts, send\/refund orders and so on. You can choose from various CRM systems \u2014 some even cost $800 a month \u2014 it really depends on your budget. The good news is that WordPress has TONS of plugins available and it\u2019s enough to get you in business and the most bang out of your buck. However, you might want something more scalable in the future.<\/p>\n<p class=\"graf graf--p\"><em class=\"markup--em markup--p-em\">Designing the sales funnel<\/em><\/p>\n<blockquote class=\"graf graf--pullquote graf--startsWithDoubleQuote\"><p>\u201c\u00a0\u2026the sales funnel we all want would be the simplest, easiest, \u201cjust buy from me\u201d funnel, but that rarely\u00a0works\u201d<\/p><\/blockquote>\n<figure class=\"graf graf--figure\"><img decoding=\"async\" loading=\"lazy\" class=\"graf-image aligncenter\" src=\"https:\/\/cdn-images-1.medium.com\/max\/800\/1*fPu-KwKB3oxmWWXP9N_eXw.png\" alt=\"Designing the sales funnel\" width=\"685\" height=\"514\" data-image-id=\"1*fPu-KwKB3oxmWWXP9N_eXw.png\" data-width=\"800\" data-height=\"600\" \/><\/figure>\n<p class=\"graf graf--p\" style=\"text-align: center;\">by <a class=\"markup--anchor markup--figure-anchor\" href=\"https:\/\/dribbble.com\/eddie-picot\" target=\"_blank\" rel=\"contact noopener\" data-href=\"https:\/\/dribbble.com\/eddie-picot\">Eddie\u00a0Picot<\/a><\/p>\n<p class=\"graf graf--p\"><em class=\"markup--em markup--p-em\">At this point ask yourself the following questions:<\/em><\/p>\n<ul class=\"postList\">\n<li class=\"graf graf--li\">What kind of problem does my product\/service solve?<\/li>\n<li class=\"graf graf--li\">Are people looking for my product\/service or I\u00a0have to show them?<\/li>\n<li class=\"graf graf--li\">Are there any concerns regarding my product\/service?<\/li>\n<li class=\"graf graf--li\">What is my position on the market?<\/li>\n<\/ul>\n<p class=\"graf graf--p\"><a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/capturly.com\/features\/conversion-funnel\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/escapethematrix.net\/your-sales-funnel-sucks-how-to-fix-it\/\"><strong class=\"markup--strong markup--p-strong\">The length of your sales funnel<\/strong><\/a> can vary depending on the answers.<\/p>\n<p class=\"graf graf--p\"><em class=\"markup--em markup--p-em\">Graphics Design<\/em><\/p>\n<p class=\"graf graf--p\">This task is not just about hiring someone to do the job. You can \u2014 and should \u2014 help the work of your designer by doing the followings:<\/p>\n<ul class=\"postList\">\n<li class=\"graf graf--li\">search for working sites that you really like. It&#8217;s when you go to a barber and instead of just describing what you want, you show actual images.<\/li>\n<\/ul>\n<figure class=\"graf graf--figure\"><img decoding=\"async\" loading=\"lazy\" class=\"graf-image aligncenter\" src=\"https:\/\/cdn-images-1.medium.com\/max\/800\/1*yHhGcJjQTy19VsynK4BnJg.jpeg\" alt=\"the importance of pictures in e-commerce\" width=\"524\" height=\"295\" data-image-id=\"1*yHhGcJjQTy19VsynK4BnJg.jpeg\" data-width=\"638\" data-height=\"359\" \/><\/figure>\n<ul class=\"postList\">\n<li class=\"graf graf--li\">Describe your market\/target group. Don\u2019t be afraid to go into details such as demography<\/li>\n<li class=\"graf graf--li\">Be specific on your budget and don\u2019t be afraid to set a deadline. Once you leave these open-ended, you might find yourself overcharged<\/li>\n<\/ul>\n<h2 class=\"graf graf--h4\"><span class=\"ez-toc-section\" id=\"Why_is_one_website_worth_more_than_another\"><\/span>Why is one website worth more than another?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<blockquote class=\"graf graf--pullquote graf--startsWithDoubleQuote\"><p>\u201cA brand is no longer what we tell the consumer it is \u2014it is what consumers tell each other it is.\u201d\u200a\u2014\u200aScott\u00a0Cook<\/p><\/blockquote>\n<p class=\"graf graf--p\">The best way to do this is to turn your product\/service into a honeypot for buyers. You can do this with the help of marketing. There is no actual rule of thumb here. If you have the budget, then <a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/blog.kissmetrics.com\/profitable-google-adwords-campaign\/\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/blog.kissmetrics.com\/profitable-google-adwords-campaign\/\"><strong class=\"markup--strong markup--p-strong\">fire up AdWords and launch campaigns<\/strong><\/a>. Social media marketing can help to drive traffic if it&#8217;s done right, and Email marketing is not dead so if you want a great way to reach customers with strong ROI (Return on Investment) then go for it. MailChimp is a good start; it lets you send more than 10000 emails monthly. You can also save money, create awesome content and build valuable backlinks to your site by blogging. SEO-optimised community blogging platform like WordPress.<\/p>\n<p class=\"graf graf--p\">Regardless of what you choose you will need a way to monitor how your website handles itself. There are myths saying that you have to put a small fortune into analytics software and hire up a whole marketing team to get things going. However, this is not true.<\/p>\n<p class=\"graf graf--p\">There\u2019s no need to overthink and spend\u00a0your money on expensive tools. In fact, all you need is two weapons in your arsenal.<\/p>\n<p class=\"graf graf--p\">One of them is good old Google Analytics. It is a very scalable and traditional analytics tool, it focuses on measuring the <strong class=\"markup--strong markup--p-strong\">key metrics <\/strong>of your site. It has become so popular that sometimes website owners install it \u2014 but might never use it \u2014, and the fact that it\u2019s there calms them.<\/p>\n<blockquote class=\"graf graf--blockquote\"><p>In a nutshell, it allows you to tell what is going on your website.<\/p><\/blockquote>\n<p class=\"graf graf--p\">But what about the WHY? Users are coming and leaving without converting on your website.<\/p>\n<blockquote class=\"graf graf--pullquote\"><p>WHY?<\/p><\/blockquote>\n<p class=\"graf graf--p\">What if:<\/p>\n<ul class=\"postList\">\n<li class=\"graf graf--li\">your checkout process is unclear<\/li>\n<li class=\"graf graf--li\">your <a class=\"markup--anchor markup--li-anchor\" href=\"https:\/\/medium.theuxblog.com\/the-ux-dilemma-why-do-people-hate-forms-63f8970321d1\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/medium.theuxblog.com\/the-ux-dilemma-why-do-people-hate-forms-63f8970321d1\"><strong class=\"markup--strong markup--li-strong\">registration form is annoying<\/strong><\/a><\/li>\n<li class=\"graf graf--li\">your CTA (Call to Action) buttons are in the wrong spot<\/li>\n<li class=\"graf graf--li\">your site has a bad user experience design overall<\/li>\n<\/ul>\n<p class=\"graf graf--p\">Big companies really care about user experience and know that sometimes the devil is in the details. Improving functionality by adjusting the design can have a huge impact on user experience and make a website more intuitive.<\/p>\n<figure class=\"graf graf--figure\"><img decoding=\"async\" loading=\"lazy\" class=\"graf-image aligncenter\" src=\"https:\/\/cdn-images-1.medium.com\/max\/800\/1*04CyqdyyxsK0-B78w4gwUQ.png\" alt=\"quote from Steve Jobs\" width=\"717\" height=\"284\" data-image-id=\"1*04CyqdyyxsK0-B78w4gwUQ.png\" data-width=\"717\" data-height=\"284\" \/><\/figure>\n<h2 class=\"graf graf--h4\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"graf graf--p\">One million dollars. It can be a game-changer. If you consider your website an investment and put the effort in it, it can turn out to be a great foundation of your business. It&#8217;s not just about putting something together and throwing money at it. Both technical and marketing requirements are needed to be fulfilled. Successful website owners always monitor their website, how it converts visitors into customers and why things happen. Websites that have been sold over a million aren&#8217;t even rare and you don&#8217;t need to reinvent the wheel to come up with a marketable idea.<\/p>\n<p id=\"c90d\" class=\"graf graf--h4 graf--leading\" style=\"text-align: center;\"><em><strong>What&#8217;s your opinion? If you enjoyed this story, please recommend and share to help others find it!<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One million dollars. For some people, it\u2019s not a big deal at all. If you already know that your site is worth that much, good for you! If you have no clue, I highly suggest that you should\u00a0evaluate your site. If this number is still a dream for you and don\u2019t know where to start,<\/p>\n","protected":false},"author":5,"featured_media":997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is your website worth more than\u00a0$1M? - Capturly Blog<\/title>\n<meta name=\"description\" content=\"If you consider your website as an investment, it can turn out to be a great foundation of your business. What makes a site worth $1M and how you can achieve it.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/capturly.com\/blog\/is-your-website-woth-more-than-1m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is your website worth more than\u00a0$1M? - Capturly Blog\" \/>\n<meta property=\"og:description\" content=\"If you consider your website as an investment, it can turn out to be a great foundation of your business. 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