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Swebbie - 3:17 pm on Jul 9, 2005 (gmt 0)
The "sit here" part is why you'd sell the site for 2X annual revenue. Most of us would re-invest a lot of the sale proceeds to develop new sites or expand other existing sites, with an eye toward overcoming the lost revenue from the sold site asap. In other words, we wouldn't just "sit here." I know everyone's goals are different, and for some people their website is a labor of love as much as for bringing home the bacon. So I'm not bashing the concept of sitting on a good site and refusing buy-out offers. More power to ya! I'm just explaining that there are other motivations and that 2X offer shouldn't insult you. It should make you proud because it's a testament to the time you've invested in your site. Someone was so impressed, they offered you all that money. Be happy!
I was offered 2X revenue for my site. I was insulted because I could just hold onto my site and sit here and make the same amount over the next 2 years instead.