Business Advice Required

Discussion in 'General Business' started by Sam Designs, Aug 22, 2009.

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  1. #1
    I currently own a website at www.followtwitter.net which runs a unique script I wrote a few weeks ago. The website is currently very new, and makes money through AdSense and VIP payments. However, I believe it may take a while to build a big enough userbase before I start making some good money.

    I have a few options, and I'd appreciate it if you could advise me on which path to take.

    1. Follow through with www.followtwitter.net; keep advertising, pushing the website and hope it rockets off and money is made through VIP payments and AdSense.

    2. Sell the website and script with exclusive rights, this would hopefully net a good amount of money but would mean I couldn't sell the script again.

    3. Sell the script to lots of people, altering it so it's very easily customized for increased sales on my behalf.

    4. Other, please explain.

    I really appreciate your advice and I'd like to hear your views.

    Thanks,
    Sam.
     
    Sam Designs, Aug 22, 2009 IP
  2. mentos

    mentos Prominent Member

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    #2
    Your script is good.
    I would suggest you find some shareholder together manage your site.
    You can sell some portion of your ownership to other interested party let say 10% for $100.
     
    mentos, Aug 22, 2009 IP
  3. prasxz

    prasxz Peon

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    #3
    you have good value on your script
     
    prasxz, Aug 22, 2009 IP
  4. aGor

    aGor Member

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    #4
    I would've gone with option 1
     
    aGor, Aug 22, 2009 IP
  5. guruguy

    guruguy Active Member

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    #5
    If you are prepared to put in the hard work, the rewards of option 1 could be well worth it. Next would be selling it of to an exclusive buyer if you just want the money quickly
     
    guruguy, Aug 22, 2009 IP
  6. DesignSamples

    DesignSamples Banned

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    #6
    Stick with option 1... The fun part was creating and coding... now comes the tough part... driving traffic and generating revenue... Push through it and it will be worth it in the end...
     
    DesignSamples, Aug 22, 2009 IP
  7. Sam Designs

    Sam Designs Active Member

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    #7
    I agree with you that perserveering with the script could be very rewarding. However, currently I am not seeing a massive rise in the users (the viral effect on Twitter doesn't seem to help) and I'm not getting many clicks on AdSense or VIP payments. I really don't know what to do. =\
     
    Sam Designs, Aug 23, 2009 IP
  8. guruguy

    guruguy Active Member

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    #8
    I had a similar situation with my proxies. I had a great period followed by a slump in which I got disheartened and sold cheaply, which I ended up regretting. Only sell if you need the money for a personal emergency or you have a better use for the money. Give it a month of solid marketing and if you still feel you are going nowhere, sell it and move on
     
    guruguy, Aug 25, 2009 IP