nomis5 - 8:32 pm on Oct 28, 2010 (gmt 0)
Sell a site when you can earn more from the proceeds than you can earn more from the site over the next three years. That's it, unless you are wedded to your site and emotion is winning over logic.
Talk of selling a site for 10x or 15x earnings comes from those who will never sell their site. Come on guys and gals, be realistic and take a risk. Calculate how you can use the capital and be brave. "faint heart never won the day" and waiting for offers of 10x earnings indicates the faintest of hearts.
Has the spirit of enterprise totally deserted WWW?
I recently sold my site at well below 10X earnings and concentrated on another site. Wow! how glad I am that I sold that site! Seven months later I am now at 75% earnings of the sold site. I have pulled off some of the sales capital to live on but I am looking at a huge pile of cash in my bank account free of charge in around six months when I will have replaced income like for like.
I'm in it for the money and the fun. But I need the money to pay the bills and selling my site has worked an absolute treat for me.