The single question that we get asked the most here at Midascode is “How do I value my website?”, it is a question that had no simple answer, and often it would take a 500+ word reply just to cover the basics.
We all secretly longed for a solution, and authorative, definitive answer that the website buying and selling industry could use as it’s very own declaration of indepence-esque guide, we waited, and we waited, and we gave out snippets of information to keep the dogs at bay.
Well, I can happily announce that our prayers have been answered, an expert has taken up the challenge, and not only achieved the desired result, but grealty exceeded it.
Now, before your spam radar starts spinning, I should point out that this was not done by one of our team, In fact, we are not connected to this at all.
It was actually developed by a guy named Clinton Lee, and you can read the full guide over at Sitepoint.
The guide, dubbed ‘The Ultimate Website Valuation Guide’ is 6-pages long, and covers every main aspect of valuing a website.
Many myths are debunked, many records are set straight… and the upshot is that finally, the website buying and selling industry has a guide, a bible, a series of guidelines etched into stone for us all to benefit from.
So how can this valuation guide benefit you?
Quite simply, it can prevent you from being ripped-off. It can also ensure that you don’t sell for less than your site’s actual value. It can save you money, as you may no longer need to go to an “expert” who will charge you for 38-pages of jargon.
Website Valuation Tool
If reading a 6-page comprehensive guide is not your thing, fortunately there is a new valuation tool that takes all those 6-pages and crams them into one shiny, new tool. What’s more, this tool is free, and for the first time EVER, it is accurate.
But wait! I hear you cry, there are already numerous free site valuation tools on the market.
No there are not!
There are site valuation gimmicks, designed to inflate your ego and trick you into linking back to them. These tools are for fools, and they are severly damaging and confusing in an already noisy industry.
In fact, I decided to test out this new tool on my personal blog… the tool asked a lot of sensible questions, such as:
Cost to maintain,
Expertese required to run it,
& a lot more…
When it finished, I hit submit, and got my valuation… and you know what, for the first time ever, I found myself nodding in agreement.
Actually, it was a little lower than I had hoped, but I couldn’t disagree with the valuation at all. It seemed to know the true valuation better than I myself did.
So today is the day that the website buying and selling industry can breathe a sigh of relief… the weight has been taken off our shoulders, there is now in my opinion a definitive overview of the site valuation procedure, and hopefully the industry will use it and we can all benefit from it for years to come.
That said, it is more than likely people will stick with the stupid gimmick tools, and continue to pull valuations out of thin air… but hey, at least now we have an alternative.
Thanks Clinton for boldly going where no man has gone before, this is one giant step for Internet businesses, one giant leap for the site buying and selling industry.