I'm getting to the point where I have big projects that need my attention, but I find myself constantly working on all of my sites. I'm thinking it might be time to let a couple of them go. I'm just so invested in some of them, and love the domain names, so I'm kind of attached, you know? Anyway, there are two I might be willing to let go after the next PR update (they're expected to go to PR5s, so I'd rather wait until then). But what process do you go through when you're considering selling off sites? I know realistically, it would be better to focus more time on my biggest earners and some of my newer, bigger projects, but the idea of letting go just doesn't always sit well with me.
Hi, Here on DP you can seel your sites as an auction, set the minimum BIN you are willing to accept, consider your timescale and ut the mup for auction. then just see what you are offered. If someone meets the BIN and you are happy with it then go for it if not then you have a choice whether to accept a lower offer or not. Alternatively PM me with details and how much you are looking for and I might just be able to save you all that trouble
I know where I can sell them. I'm just struggling w/ the decision to actually let them go, and wondering how people who do sell sites (ones they're invested in and not just planning to flip from the start) come to the decision to do it, as opposed to holding onto them. It's not a huge rush for me, b/c I don't need the quick cash or anything. I don't monetize the two I want to sell very well now (haven't had a reason to, although they definitely have potential), so I'd want to do that first before selling anyway.
if your bigger projects are getting you big bucks then you can skip these sites, and obviously if you feel that you do not have any upcoming project start making new one, keep a reserve and put the sites for sale, there are plenty of buyers some are even offering 24x of monthly revenues, so try your luck
Hi, Jenn, I was thinking that you'd better leave the sentiments aside - if you don't have the time to spend on these couple of sites, just let them go. At least that's my point of view. However, no one knows what is right for you. Nathan
You probably want to let them go simply because the bigger projects will continue to take up the majority of your time. You may get to a point where you are abandoning the smaller sites so getting some value for it now would be beneficial to you. Also you could potentially use the money to invest into your bigger projects. I do understand about having a difficult time letting sites go. Especially if you have spent a good amount of time working on the project and getting it to a point where you are happy with the results. But I think by the simple fact that you have contemplated the move may be telling you it is time. it may be a sign of taking the initiative and making the most of an opportunity to do it.
Good points everyone... thanks. The two that jump to mind that I'd likely sell are: www.AllFreelanceWritingJobs.com - It's just posts of freelance jobs found online, with the occasional article / post about freelance writing careers. It was only launched in early April, so there's not as much invested there. I also run another, bigger, writing blog, where I could post jobs in the future as an additional resource. I haven't done much to monetize this one - only around $15 the first month from adsense and indeed.com. I was also planning to sell individual freelance job posts to advertisers, but wanted to wait until traffic grew before charging. Even w/ it being free at the moment, no one seems interested though, so I doubt that would bring much early on. So if it goes to PR5 as predicted, I'll try to sell 5-10 private links on a subscription basis to guarantee revenue for a few months, and to help up the price a little bit. I doubt I'll have any problem bringing it to the $100-200/month range pretty quickly once the next PR update happens and I put more effort into selling individual posts. Then again, at that, it might be worth keeping... ah... dilemmas. lol The other is www.writing-online.com. It's just my personal writing blog at the moment, but I really don't use it much anymore. This one's a PR4 now I think, and predicted to move up to 5, so I figure it's worth waiting to see if it does (they tend to predict my sites pretty accurately). I doubt anyone would care about the content on this one, but the domain could be used for a lot, from a freelance marketplace for writers to another job listings kind of site for web writing. I'm just not really sure how to monetize something this personal in a way that would make it attractive to buyers. Any ideas?
do you have a valuation in mind for your sites? surely they'll be valued higher after the PR update... but if you were to sell them now what would you ask for them?
Why not create a system for how you operate these sites currently and have someone else keep them going. With some creative ways (some of which you already mentioned) to turn even a small profit it could probably cover the time it would take to keep it rolling every month and grow. -SS
I'm really not sure at the moment, b/c there's very little revenue. But I also know with very little effort I can change that quite a bit, so I'm guessing it would be stupid for me not to do that and get the most I can for them. I haven't sold a site outright before, so I'd need to ask around more before letting one go, which is why I'm asking for advice for now. Good points. Since it's really not overly time-consuming (just feels that way with a million other things going on sometimes), I'm sure I could get someone to deal with approving job ads and to post 10 links a day for not terribly much. I have no doubt it would be a pretty profitable site (especially with someone who would focus more on SEO than I would / can, to get it ranking well for some decent keywords). I just have sites that are more profitable, and other projects I'd like to launch.... this is why it's so tough deciding whether to let it go or not. lol
I don't invest anything other than the domain name generally (and whatever small fraction of my hosting account it is - and time of course), so I'd make a profit selling pretty quickly. But I don't really create sites with the intention of flipping them, but instead building them. So knowing I had plans for them is kind of tough to let go of... these two are only easier b/c I have another site that I can move their focus to, so I wouldn't stop creating that content... it would just go to helping the bigger, older site. I think it's one of those situations where I'll never "want" to do it, but deep down, I know it's good for me. lol I just have to figure out the "when" aspect.
Selling your sites you have put time and effort into can be difficult. I build my sites with the intention of them earning something for me over the medium to long term. When a site gets to a stage where it either takes too much time or could be sold for a very healthy rreturn that is the Time I do it. If a site is not costing you much in terms of time to keep it updated and nor is it making a lot of money then let it sit. If it is a big earner and you feel by selling it you could make a decent profit then it might be time to sell it on. I have a fair few sites that I put a lot of time into to get started but never really made it. They don't cost me anything so they stay. Now if they chewed up a lot of my time and I saw no return I would consider getting rid of them.
Sorry I misunderstood what you were considering and looking for. Personally I wouldn't sell them off, but thats just me not liking to pass on what I've created. However you could see it grow and be proud that something you created is doing so well. Like a child growing up and developing. I guess you just have to make the decision whether you would feel right selling it on, after all you don't want to be in the position 6 months down the line wishing you had kept it.
I know exactly what you mean. I have a ton of sites and I'm spread too thin, but I'm emotionally attached to the idea for the site and can't let it go But alas, it's really affecting the potential for the sites to go big, so I should make some changes... The good news though: For all the sites I've sold off reluctantly, it doesn't take long to forget about them, especially if I'm working on other sites.
i think it does not require much efforts to maintain sites just hire someone and it will do all.........
I have a tough enough time trusting people with small individual projects like banner ads, so letting someone run my sites would probably make me crazy. lol I do have an editor for my webzine who will be pretty much running the show along with an assistant editor being brought in in a few weeks (getting them trained on the backend now). That's the only reason I'll be able to keep that site for now... I'll just deal with the technical and promotional aspects, write a weekly column on music promotion, and they'll be dealing with bigger interviews / reviews and hiring and managing writers which will be a huge relief. So if that works out, I might consider it if I find someone I can trust on other sites with decent potential. But for ones where I can simply move the features / content to another site I run that's already bigger, I'm not seeing much reason to keep both anymore.