: What do I need to know about selling a website? I have run a hobby website for about seven years and it has gained a lot of traffic. I was recently approached with a purchase inquiry a
I have run a hobby website for about seven years and it has gained a lot of traffic. I was recently approached with a purchase inquiry a company which appears to be reputable with a price I am happy with.
What things to I need to be aware of in order to not get screwed or scammed?
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I always supply the website on a disk so the customer has something tangible to hold in their hands. This also doubles up as a nice backup for them in case they make any mistakes later on.
Do all the things you normally would when selling a product to someone you haven't met, for example on eBay:
check references if possible
Use an escrow service or ask to be paid before handing over the site
From a sys admin perspective:
Change all passwords and hardcoded personal info
Remove all trust relationships with your own servers
Announce the change of ownership on the site
And contractually:
Ensure the contract of sale passes all liability on to the new owners
Specifically state that there is no support or warranty
(caveat: I am not a lawyer, but these things seem to be good sense)
Use an escrow service to handle the transaction. That way both buyer and seller are 100% sure the transaction is honest and fair.
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