Website Valuation and Multiples

The evolution of website marketplaces means thereWhilst it's impossible to create age, you can, if building
are now many opportunities for you to sell youryour site from scratch, buy an aged domain (a domain
established website.that has been registered a while ago) and use that as
Before you place a down payment on a new yacht,a starting point to help give you some much needed
or buy that luxury Hamptons Beach house you shouldgravity in this department.
know the value of your site and ultimately know whatPage Rank
to expect to receive when you sell i.e. you will need aPeople dispute whether Page Rank (PR) has any real
website valuation.'value' and how it's a factor in valuing a site for sale.
Obtaining an accurate website valuation is difficult asMy logic is that it matters to so many people, it WILL
there is no standard way to value web businesses.affect your website valuation for several reasons
The aim of this article is to give you some starting1 - Higher page rank theoretically means it will be
points on which factors people will generally use toeasier to rank for competitive keyword terms and out
assess your site and hopefully show you how todo your competition
increase the value by improving on these points.2 - Page rank creates additional revenue in markets
Revenuewhere you can easily sell links on sites with a decent
Revenue is possibly the most widely used factor isPR
valuing a site for sale. A common way of quickly3 - Page rank implies trust, and if Google trusts a site,
valuing sites for sale is to use a revenue multiple whichthen there's a good chance that others will too.
is simply multiplying your gross monthly revenue toRegardless of whether page rank does have an
derive an approximate figure. This multiple can varyeffect on your site, it does affect people's perception
from between 4x in some niches to 12x in others, andof its value and should therefore be considered an
there are sites that will tell you average multiples forimportant attribute.
various categories. People look at sites that generateDomain Extension
revenue as proof that the business model is proven toThe type of domain you choose (for example .com or
work and inevitably healthy revenue means an.co.uk) has a profound effect on your website
investor can recover their investment in short period ofvaluation too. The most valuable domains to a buyer
time.are .com, .co.uk, .org, and .net (excluding academic and
Trafficgovernment domains which would be extremely
Traffic can often trump revenue, if a savvy investorvaluable IF they were available!). Two sites with
can recognise a website has been under monetisedeverything above being identical will be valued
and hence undervalued. For example, a standard RPUdifferently if one has extension and the other a.cc
(revenue per unique visitor) in the internet marketingor.info one.
niche is $0.20 and above. If site A and site B operate inValuation Methods
identical markets, and site A has a revenue of $100There is no common valuation method as there is with
per month and 1,000 visitors whilst Site B has $20 pera traditional offline business, but people sometimes use
month but 10,000 visitors, an investor may purchasea financial calculation referred to as Net Present Value.
Site B for less money, knowing what she can achieveIn my opinion, this method is flawed as it ignores the
with 10,000 targeted visitors every month.dynamics of online businesses and makes the very big
Domain Ageassumption that people will have all the information
Without a doubt, Search Engines respect age. Sitesneeded to make it work; this is seldom the case.
that have been established longer will usually trumpThe most realistic method of valuing a sub $100,000
newer sites when attempting to rank for the samesite is simply to compare it to similar sites that have
keywords and so age is an important factor in howrecently sold as this will give the most accurate picture
valuable a site is to someone. This is also a 'doubleof what the market is willing to pay.
edged sword' as older sites instill trust in buyersSimply do your research and know what buyers
because they see history of traffic and revenue whichperceive as value, and you will soon be on your way
is much harder to fake than a site with only a coupleto a successful sale.
months records.