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I don't think you can set a formula for the value of a site...
To outright buy my sites, they would be worth very, very little... Since they are based on very specific content, once that content runs out, what good are they except as domains?
On the other hand, to buy it and hire me to keep them going, they might be worth more... since an owner who actually knew some marketing could make a heck of a lot more money than I do.
So, the real question is... What is your site making? Could it make more in someone else's hands, or less?
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