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Lets say you have a big portal site , and you programmed it.
It took about 5 months to do it, and its a really really big project, you've worked damn hard on it and it may even have a chance of being "The next Yahoo".
When you've finished it, and just started it, you meat this guy who wants to buy it off you for about $30,000USD.
But for you, the portal is worth more than $30,000. Its all your hardwork, and besides, if it becomes popular, you have the chance of being "The next Yahoo". But then again on the other hand, if its not "The next Yahoo", all your hardwork will go in the rubbish bin.
So will you sell it, or will you decide to keep it, take the chances and see if has a chance of being "The Next Yahoo"
lol - I thought of it in 1:43 secods (and 5.5444493845 milli seconds)
If you DO want to sell it, try bumping it up to at least $40,000 ;) If he wants it bad enough and has a master plan for the site he wouldn't think twice about paying an extra 10k.
If you spent 5 months building the site:
If you work 22 days a month and 8 hours a day that is
880 working hours. Selling the site for 30.000 US (about 24320 Euro), it would be an hourly salary of only 34 US$.
If you truly belive that your hard work is only worth 34 US$ then sell.
If you only worked on the site in your sparetime maybe only 150 hours total, it would mean an hourly salary of 200 US$. I value my time around 130 US$ so I would sell in a heartbeat, you could always build another site.
If you sell try to force to party to buy some services from you in the future. The best of luck.
"The Next Yahoo"
It is nice to have dreams :-)
Everybody - Cheers for helping! Lets open a bottle of champaign and spill it all over WebmasterWorld! ;)
Good Deal Sid, unless your site (an SE i guess) used some cutting edge technology (like Google's PR) i guess its the best deal for you!.
If its just a crawler and some sort of basic indexing/retrieving system i dont understand why the guy paid 40k - i can develop using offshore programmers for maybe 10k!
Anyway my sincere congrats mate - Here goes my toast :)
YEP - $40k for a site that hasn't even been launched yet in other words, hasn't even been named yet!
Hopefully the person who got it doesn't look at this thread and changes his mind! :o
Hats off to you Sid - that's got to be the sale of the decade!
I have to ask - what do you think made it so valuable to the buyer? Extensive use of a new technology? Masses of content and the obvious ability of future rapid expansion