11/24/2014

How Desmond Sold His Blog For Few Millions In Nigeria Without PayPal Account



+Desmond Nwosu was the owner of Netmediablog for some years. He built the blog from scratch and tried to do everything right from day 1. The blog was his baby. He invested countless number of nights on that blog and ensured to maintain a certain standard and quality. He never really knew he could sell it for some millions of Naira now.


As a graduate of Industrial chemistry without a job, that blog was fetching him some monthly income especially via sponsored posts and Google Adsense. Along came this job offer he couldn’t turn down, then he decided to sell the blog because he was finding it hard juggling the two since his new job is time demanding.

After sending me the link to confirm the sale of the blog, with the price on Flippa, I requested he share his experience with us. So, below are what he said he learnt building Netmediablog and how you can also build a blog you could sell for some good money someday.

money from blog sale


Content:

Content they say remains the king on the internet. If you ever have in mind to sell your blog someday for some good money then you have to take your content quality seriously. No one will want to buy a blog with poor quality contents. Always ensure to publish only quality contents that adds value to your blog, the type of content people will be glad to return to. Avoid copy and paste, learn to churn out original quality content on a regular basis and someday you could make some good money out of it even if your site earning is not that much today.

SEO:

No one wants to buy a site he will spend huge amount of money to advertise for traffic. Getting your SEO right can make a big difference in the amount you can sell that blog someday. Obey the SEO rules and avoid all black hat or short cut methods. Build the right backlink profile for your blog via blog commenting and guest posting on other quality blogs. Naturally you will also be able to earn good backlink from other reputable sites if your content quality is good. Optimize your content to rank for the right keywords and your blog will get good search engine ranking and traffic and this could be the selling point of your blog someday.

Analytics:

Always measure your site analytics using the best analytics tool out there. Flippa and other site selling websites trust Google Analytics, so ensure to add analytics code to your blog today and track your analytics especially bounce rate and traffic sources. No one will want to buy a site with high bounce rate as such traffic could be from bots or paid sources. Any site buyer will want to see how your visitors interact with your site, where they go to from your site, how long they stay on your site, what they do when they come to your site etc. and all these can be tracked with Google Analytics. So ensure to add analytics code to your site and track your site behavior, use the data to improve your site where it is lacking so you don’t find it hard to sell your site someday.

Earnings:

Another thing a potential site buyer will consider before placing bid to buy your site is earnings. If your site makes good earnings you are bound to sell it very high but if it is not, then you may have a little problem there. But don’t worry there is a solution. Even if your site earnings is not that super, you can still sell that site for some good money. Simply highlight the potentials of the site and admit you couldn’t push it to its full potentials. Because you are not earnings well with your site doesn’t mean someone else can’t. Maybe there is something you are not doing so well.And the only way to show your site has good potential is to keep its quality high on content and traffic. Before someone decides to buy a site for some huge money, they have also seen the potential in it, so highlighting such potentials can encourage them to go on and pay you some good money for the efforts you have put into building the site over time.

Challenges most people face selling their blogs

Some of the challenges most people face selling their blogs is how to collect their money after selling it. I know some of you have foreign PayPal accounts with some fake details such as names and addresses. It will be risky to use your PayPal for huge transactions because PayPal may freeze your account and ask you to verify the ownership of your account.

But don’t worry, Flippa.com now uses a new escrow service called PromisePay that works for Nigeria and other countries in the world. I didn’t have to Risk using Paypal as some fake buyers could demand for their money back. Escrow is the best method to get your money after selling your site provided you have a dorm account here in Nigeria. I will always recommend GTB dorm accounts though.

Advice to bloggers:
You may not have seen the future of your blogging career yet but along the line things may change and you may want to bow out of blogging, wouldn’t it be great you retire with some good money from all your blogging efforts?I hope you can follow my guide here and build yourself a blog that can sell for some millions someday. 

Some day you may have to bow out of active blogging just like Desmond have done, it could be as a result of a job or any other thing. The big question you have to ask yourself now should be “what then happens to my blog?”

What will happen to all the energies you invested on the blog, all the countless sleepless nights, all the internet subscription money and the rest? Will you just let it all die away or would your blog worth something you can sell for some good money?


I hope to hear from you...

NB: You can connect with Desmond on Facebook here.


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17 comments:

  1. Never aware of the new Flippa service. Used to think we need Paypal. Thanks for the eye opening but how old was the blog before Desmond sold it?

    ReplyDelete
    Replies
    1. The new Flippa escrow service works with Nigeria and this can really be a big step to more Nigerians succeeding in site flipping. Its not about the age of the site, its about the quality you can build and the potentials of the site.

      Delete
  2. THIS IS AN ENCOURAGEMENT FOR WE UPCOMING BLOGGERS.
    .
    BOSS JIDE AM REALLY CONFUSED ON WHAT TO BLOG ABOUT WITH MY DOMAIN NAME...NAIRACODED.COM
    PLS CAN U HELP SUGGEST A NICHE FIT FOR NAIRACODED AND HOW I CAN BE SUCCESSFUL LIKE YOU.

    ReplyDelete
  3. Wow, I really learn something new here, and that is the name of your blog, unlike someone who is using his name as the blog domain, don't you think it will be kind of hard selling such blog in future?

    ReplyDelete
    Replies
    1. That is one problem most newbie bloggers often make. If you could see the future you could see that someday your blog may grow into a brand and as such it will be best to use a name that can stand for a brand. When you use your name as your domain name it may make it hard to sell someday as people may see it as a personal project.

      Choosing the right domain name is the first step in the right direction to building a blog that can sell someday for some good money. All the same you can change your domain name now before it gets late if you ever have in mind to sell your blog.

      Delete
  4. I still read an article on Netmedia about ogbongeblog last week, didn't know it has been sold. I can't imagine, well for him to quit and sell, it means his job must've paying well

    ReplyDelete
  5. Of recent, I tried possible methods 2 sell my blog on flippa bt now dy I requestin I verify flippa authorised seller yet first bank don't want to give me credit card. Any alternative?

    ReplyDelete
  6. I have really learnt alot from blogging, it surely pays off someday as long as you do it well. This was what Mr. Nwosu did. Thanks for the Share Sir

    ReplyDelete
  7. Ohh Netmedia boss did wonderfully well on that site. i like the site and i believe in all this, lesson learnt and good job well done bro

    ReplyDelete
  8. Donvin, exactly thats what on my Mind. #doinghardthinking

    ReplyDelete
  9. Posts from this same blog Netmediablog.com is always so nourishing if i must use that word. That i could leave its tabs open on my browser for God knows how long because it was all so detailed that each time i go through them i still get something added on upstairs. Especially the Konga Affilite Program.

    He took his time to reply every single comment in that blog. Oh I just wish its new owners will keep up with his footsteps. And I must say you are a genous for being able to study chemistry and still reserve such time to manage that blog.

    Personaly Mr Nwosu Desmond incase you change your mind and deside to run another blog in future, pls i want to be the first to know about the URL. Thank you

    Uche Francis
    Techdavids.com

    ReplyDelete
  10. Nice one, thanks for the information I honestly never heard of flippa.com before now. For latest Nigerian news and gossips, please visit my blog at www.slimluvs.com

    ReplyDelete
  11. hmm, this is really cool, i have really gained alot.

    ReplyDelete
  12. Thumbs up Nwosu, I've gained alot. Thanks Jide for sharing this with us.

    ReplyDelete
  13. The new Flippa escrow service works with Nigeria and this can really be a big step to more Nigerians succeeding in site flipping. Its not about the age of the site, its about the quality you can build and the potentials of the site. http://naijaname.com

    ReplyDelete
  14. Great post. This why I follow this blog; always provide uplifting encouragement that can help you through the hardest of times. I hope to improve, persevere and hopefully not quit early...

    www.boyantech.com improving content daily

    ReplyDelete
  15. Professional blogging is not a piece of cake. Content is always king when it comes to blogging, its the first step and if you get it wrong then nothing else will work. Selling a blog for a substantial amount is a perfect reward for all the sleepless nights. Keep up the good work bro. thanks

    ReplyDelete

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