I am about to teach you a method that can save you a lot of money. I didn’t invent this method, but when I read it, it sounds so logical, so I started to implement it, and it works. It is a very simple but yet powerful that every professional buyer must use.

Let’s say you looking to buy a webmasters forum website. You can go to Sitepoint or any other website that offers websites for sale and search for ‘webmasters forum’ or similar search terms.

If we will stick with Sitepoint for a moment you will get a list of sites that are on auction. Check it yourself – The first one is me when I sold webmastersroom.com

Now take a look on the second result:

Looking to buy any webmaster forums/ web design or programming forums or any related domains

This is much better than to bid on auction. Why?

First sellers approach you so you can choose between several websites.

It also gives you the power to negotiate better. If they approached you it means that they are keen to sell. And you are the only buyer at the moment. So you can knocked down the price heavily. Of course that 80% will be crap, but still using this method gives you at least 5 websites to choose from.

Now if you decide to bid on an auction you compete against other buyers that will raise the price you are willing to pay. You also have to wait for the auction to ends, and there is no room for negotiation.

On the real world you can get bargains on auctions, but not with websites. The amount of quality websites that are out for sale is very low, and the competition is high. In fact I stopped bidding completely, because for every website that I wanted to buy and bid for it, I was outbid by someone, and the closing price was higher than I wanted to pay, or even worst higher than what the site is really worths.

Now I have some messages in relevant forums like:

“looking to buy…” and I get 5-10 offers a day. Now all I need is to chose from.

Have a great weekend,

Assaf