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What would you do if someone was willing to pay $30,000 for your site?

will you or will you not?

     
11:44 am on Dec 17, 2003 (gmt 0)

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I just want all of your point of views at this situation:

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"

;)

still thinking?

Sid

lol - I thought of it in 1:43 secods (and 5.5444493845 milli seconds)

1:46 pm on Dec 17, 2003 (gmt 0)

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Unless the site is already established well and have thousands of direct traffic(no SE) sell it.
3:41 pm on Dec 17, 2003 (gmt 0)

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I'm not sure if I would sell it for $30,000. That's making about $6000 for each month of hard work. I know some affiliates that make more than this per month doing nothing.

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.

3:25 pm on Dec 18, 2003 (gmt 0)

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Lets look at the numbers.

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 :-)

4:12 pm on Dec 18, 2003 (gmt 0)

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I think you should sell it, but I do agree that you shouldn't take the offering price. Any business man worth his salt will offer well below what something is worth. It's up to you to make sure he doesn't get a great deal. :)
5:00 pm on Dec 18, 2003 (gmt 0)

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Well, that depends on what you want. The money could be invested in making more sites, if that's what you want. You could pay other people to do the boring bits for you, and the next sites you make would take less time.
5:46 pm on Dec 18, 2003 (gmt 0)

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Sid, keep in mind depending on your tax status and income level 30K could wind up looking more like 20K.
Good luck with what ever you decide.
6:20 pm on Dec 18, 2003 (gmt 0)

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What do they want to do with the site?

Have you considered selling 80% or 90% and going along for the ride with a bit of equity remaining?

(If you do, you owe me a beer, a good beer!)

..... Shane

7:32 pm on Dec 18, 2003 (gmt 0)

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Offer to sell it for $30,000 but keep a 15% - 20% stake, so if you site ever makes it big time your not crying in your beer!

oops! sorry Shane, just read the above post.

8:15 pm on Dec 18, 2003 (gmt 0)

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so? if you did all the work yourself, sell it, and then build another one.

30k for 5 months of work aint bad.

unless yer spoiled or something.

8:49 pm on Dec 18, 2003 (gmt 0)

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I sold it! - bagrained it to 40 gran :) :) :)
I'll use the 40 gran for the invesment of a new "Search Engine", buy some new hardware etc. and its gonna rock :)
If I didn't sell it and decided to have 2 sites (2 invesments) I would fail in both of them!
But I'm glad I made the right choice.

Everybody - Cheers for helping! Lets open a bottle of champaign and spill it all over WebmasterWorld! ;)

Sid

11:05 pm on Dec 18, 2003 (gmt 0)

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Let me get this right, $40k for a site with no traffic?

The world is a funny place these days.....

TJ

11:23 pm on Dec 18, 2003 (gmt 0)

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Wow! Well done... you certainly made the right move :)
11:48 pm on Dec 18, 2003 (gmt 0)

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Let me get this right, $40k for a site with no traffic?

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

Sid

12:37 am on Dec 19, 2003 (gmt 0)

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>> YEP - $40k for a site that hasn't even been launched yet in other words, hasn't even been named yet!

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 :)

10:40 am on Dec 19, 2003 (gmt 0)

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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!

TJ

12:07 pm on Dec 19, 2003 (gmt 0)

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Well done Sid! :)

You didn't sell it to some guy in Redmond? ;)

12:47 pm on Dec 19, 2003 (gmt 0)

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Sid,

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?

TJ

1:37 pm on Dec 19, 2003 (gmt 0)

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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

What I think made it so special for the buyer is the following:
1) Scalability - It could handle masses of content as well as members/users on its database without having to slowdown.
2) Technology - The technology was great, it had: Mail, News (similar to Google News), Stocks, Weather and a User management system - You'd have to login to do stuff, just like Yahoo :)
3) Customizablity - Any user could change/customize it the way he/she needs.
4) Stability - It wouldn't blast off suddenly just because 100 members are online at the same time!
5) Management - The person who manages it can do almost whatever they want with it, everything is customizable.
6) Speed - The speed is super speed no matter what size the database is.
7) Differentiality - It was definately different to other portals!

Sid

2:05 pm on Dec 19, 2003 (gmt 0)

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Let me get this right, $40k for a site with no traffic?

What year is this? 1999?

:)

2:13 pm on Dec 19, 2003 (gmt 0)

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So sounds to me Sid that, basically, you've built a nice CMS geared around portal use?

That's marketable in it's own right - is that what you've sold, or have you retained the ability to re-use the code?

TJ