msafi - 2:11 pm on Jul 25, 2011 (gmt 0)
Are you really saying 3x is a lot? Don't brick and mortar businesses usually sell for 5-10x? Why should web properties sell for much less? Or are you assuming that I have a crappy site with low trust and reliability? The site is very old and established. The sources of income and traffic are solid and can withstand tough scrutiny. So, 3x is a normal and fair price. Regardless, when I talk to a potential buyer (I had a couple of inquiries), I do justify the price with some solid facts.
When did I say the market value is closer to 1x? Are you saying that an open auction on scammer-infested Flippa is what determines a site's true market value?
Anyway, I do have a "This site is for sale" ad on the site and I did try to call a few people. But I still haven't sold the site. I think it's gonna be hard to sell the website to a local buyer because there aren't many of them. And of course it's not gonna be easy selling to a non-local buyer because they don't know much about the local Dubai market.
So because the site is hard to sell, brokers aren't interested it seems...