Website Value - What's Your Business' Website Worth?
Computers & Technology → Web Hosting
- Author William Lee
- Published November 18, 2005
- Word count 438
If you were asked to put a value on your website what would it
be? Perhaps you paid a small fortune and commissioned a top
design agency to build it. It would still be worth at least
what you paid for it, right?
It's a sad fact that a great number of websites are worthless.
They give no value to their owners and are little more than a
drain on resources. Would it surprise you if your website was
classed as one of these?
The World Wide Web is made up of millions of webpages so it's
not surprising that many are rarely seen by human eyes other
than their owners' and creators'. These unfulfilled webpages
are like trees in a forest. They can make as much noise as they
want, but if no one is around to hear it then who is to know
they ever made a sound? Too many of those that are seen by
people are poor at encouraging progress through the sales cycle
i.e. they don't persuade the reader enough to progress to the
next stage whether that's submitting a sales query or making a
purchase.
So how have you determined the value of your website? Have you
only taken into account its cost to build and maintain or have
you also considered what it actually does for you and the value
it adds to your business? Ask yourself this question, if you
were to put your website up for sale, how would you convince a
potential buyer that it was worth the asking price? Would you
sell it on the basis of how much it cost to build or on the
strength of the benefits it brings?
Do you think owners of expensive luxury cars are motivated by
how much they cost to build, run and service or because of
things like the prestige they give the owner, the superior
performance and higher levels of comfort? In this context, it
may be easier to recognise value and worth, but when it comes
to your website can you do the same? If your website provides
you with no measurable benefits or is a tree in a lonely forest
then how can you be sure it's worth anything?
Suppose we're comparing two very different websites; one cost
£10,000 to build, looks very impressive, but converts poorly,
generates little interest and the other cost £1,000 to build,
wouldn't win any design contests, but consistently generates
fresh leads and converts a high percentage of prospects into
customers. Which of these websites do you think is worth more?
Now ask yourself again, what's the value of your website?
William Lee is the proprietor of Web Star
Creations (http://www.webstarcreations.co.uk). His personal
blog is http://www.wlee.me.uk.
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