Here's a hypothetical question. I'm selling a site of mine. I made 27K in 2006 and 32K in 2007 on it. My question is, do you think 30K is asking too much? The site requires someone to answer the phone during business hours, create quotes, receipts. It takes a lot of customer interaction. It would probably take a person 10 hours a week to run it. I'm going to use your answers for ammo for a potential buyer that I'm dealing with.
I would say the price is fair. You would get a buyer, however it may take some time finding the correct buyers.
Sell it for half of 30K. You are currently the web master making all that magic happen. Once you hand it to the other party, they might not be able to keep up with everything and not make anywhere near where you are making when you ran it. Looks like a lot for a one man team, but if it's sold to a party of 3 or more, feel free to sell it for 30K.
I dont think 30,000 is asking too much. It my mind it sounds almost perfect. What the buyer does with it or the effort he puts into it to create the success is his discretion.
30 k is quite a decent price to sell your website.Its a good bet as the buyer will get both the website and a business
Some more info for you... The potential buyer was one of my competitors. They know the business and have people already running phones etc. I actually think they have more potential to make this site grow then what I did since I'm so limited on time. Thanks for your responses.
Have you given them a price yet? If not perhaps you may be able to start a higher price and barter down a little bit. Personally I would tell them a higher price.. and barter... if they are not interested then so be eat. Your still running a successful business pulling in a nice income that is improving yearly. Long term over short term is how I look at it.
Well it will all depend on if you want to make a quick 30,000 or if you want to keep doing it and make another 30,000 from it next year... and the year after...
The going rate at least around here is up to 1 year of a site's income. So that's how I came up with the price. I 'm at a point where I have to get rid of the site because we don't have the ability to handle the calls and the leg work anymore.
The work load makes sense.. Have you thought about potentially hiring someone who could take care of some/most of it or is it just too complex? I obviously am not trying to prevent you from selling the site. I just see an income like that and would love to see you be able to hold on to it and have it work for you. It seems like it just has such long term potential.
It's pretty complex we've thought about all of our options. I would like to take the money I get out of the site and reinvest it into a site or sites with a lot less customer service issues.