a magazine is interested in my site/forum

Discussion in 'General Business' started by krisbern, Aug 11, 2009.

  1. #1
    A magazine is interested in my site/forum to increase ad sales and establish dialogue with their readers. I have had the site for 5 years, and am thinking of asking for $100,000 to include 3 months of forum moderation/training. Is this too much? Too little? http://www.quantcast.com/p-32H3zfIrg7kRo

    Thanks in advance for your opinions.
     
    krisbern, Aug 11, 2009 IP
  2. Unrealx_

    Unrealx_ Peon

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    #2
    Lol thats alot dude..ask them like $5,000 per month.
     
    Unrealx_, Aug 11, 2009 IP
  3. krisbern

    krisbern Peon

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    #3
    thanks for your response. do you mean sell the site and forum for $5,000 for every month I've owned it? or are you talking about ad rates (they don't want to advertise, they want to buy it)
     
    krisbern, Aug 11, 2009 IP
  4. richierich1m

    richierich1m Peon

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    #4
    If you're site/forum is autorative in your niche, definately ask for a bigger price.
     
    richierich1m, Aug 11, 2009 IP
  5. krisbern

    krisbern Peon

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    #5
    eh, I don't know how authoritative it is, but I do have a well established audience. maybe start out at 125,000 and try to settle on 100,000?
     
    krisbern, Aug 11, 2009 IP
  6. SmallPotatoes

    SmallPotatoes Peon

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    #6
    You're dreaming. Look at your traffic. If you get $10K, consider yourself lucky. Asking for $100,000 will get you laughed out of the room.
     
    SmallPotatoes, Aug 11, 2009 IP
  7. UberBrainChild

    UberBrainChild Banned

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    #7
    Yea, just ask them what they want to pay you for it, and then go from there, if you don't like the price then don't worry about them and keep your forum going, as long as the forum is maintained it will hopefully increase in value and increase in value.

    $100,000 seems pretty high though, maybe $8 to $10,000 is reasonable, but still maybe a little high, it all depends
     
    UberBrainChild, Aug 11, 2009 IP
  8. My220x

    My220x Member

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    #8
    $100,000 is a lot lol :D Just ask them what there offer is and thne try and increase.
     
    My220x, Aug 11, 2009 IP
  9. krisbern

    krisbern Peon

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    #9
    thanks so much - these are the candid answers I was hoping for
     
    krisbern, Aug 11, 2009 IP
  10. Curtis Hunter

    Curtis Hunter Well-Known Member

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    #10
    Google your domain. If several links appear under your search result called sitelinks then that's called being an authority site. Unfortunately due to your traffic, I can't see being an authority site a distinct possibility.
     
    Curtis Hunter, Aug 11, 2009 IP
  11. krisbern

    krisbern Peon

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    #11
    thanks for sharing that - I wasn't aware of this being a defining factor
     
    krisbern, Aug 11, 2009 IP
  12. camzio

    camzio Active Member

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    #12
    lol no-one will ever pay 100k for such a deal :D
     
    camzio, Aug 11, 2009 IP
  13. Owned-com

    Owned-com Peon

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    #13
    You have to ask what it would cost for them to acquire such traffic through other sources. Find that out, multiply by 4-5 years and then ask for that. *2 cents*
     
    Owned-com, Aug 11, 2009 IP
  14. dlm

    dlm Peon

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    #14
    If the Quantcast page is accurate and the site gets 200 visitors or less per day...then it's probably not worth more than $5,000 - let alone $100,000

    How much revenue does it generate?
     
    dlm, Aug 11, 2009 IP
  15. gamblinginvest

    gamblinginvest Member

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    #15
    Unless you are already making serious money through the forum, I don't see any reason for the magazine to pay such price. It would cost them 1/10 of what you are asking to them to get started with a top of the line forum solution (software, design and even some marketing) to dialogue with their readers.
     
    gamblinginvest, Aug 11, 2009 IP
  16. theapparatus

    theapparatus Peon

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    #16
    Depends on what you;re currently making. Usually the starting point is about 6-9 months of income for a site. Maybe even up to 12 months if it's high ranked for PR.
     
    theapparatus, Aug 11, 2009 IP
  17. dlm

    dlm Peon

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    #17
    If it's a forum, the multiple could easily be 24-36 months or more.

    But given the traffic, I doubt it makes more than a couple bucks per day.
     
    dlm, Aug 11, 2009 IP
  18. himoacs

    himoacs Peon

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    #18
    I think it is a lot too...might want to start with something a little less.
     
    himoacs, Aug 11, 2009 IP
  19. mentos

    mentos Prominent Member

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    #19
    I think that is the fair price for your site.
    And before you priced your website,you need to know the financial status of the magazine company whether they can afford it or not.
     
    mentos, Aug 11, 2009 IP
  20. dlm

    dlm Peon

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    #20
    You have 11,000+ posts and that's the best you come up with? A site with 200 visitors a day and you want him to ask $100,000 for it? If that valuation was correct I'd already be a multi-millionaire. The phone conversation would go something like this:

    "Hello, have you come up with an asking price for your website yet?"
    "Yes, I have. I'm looking for $100,000 for the website and forum and three months of training"
    "Ha Ha....no seriously, what's your asking price?"
    "I was being serious"
    "Oh" *click*
     
    dlm, Aug 11, 2009 IP