how long do you let money bleeding projects go on for... - GoFuckYourself.com

d-null · 09-16-2008, 08:54 PM

curious how long you have patience for with projects that cost more than they bring in, with the hopes that sometime in the future they will pay off in selling the site or some other factor in monetization making the site profitable

at times it's easy to get frustrated at the constant bandwidth charges every month yet it is so hard to just pull the plug on something that has taken on a life of its own, just as it is hard to sell cheap too when in the back of your mind you think that there is hope for large profit someday in the future

more and more I'm starting to think that pulling the plug, forgetting about it, and investing energy and resources into projects with more immediate profitability might be the intelligent move in the volatile business of the internet

Sly · 09-16-2008, 08:57 PM

It's different for everyone... I think the deciding factor depends on what your goals are. Figure out what your goals are and whether or not this project can help with those goals... if not, dump it.

aico · 09-16-2008, 08:57 PM

You had two choices.

1) start a thread explaining how you have a project that is losing you money.

2) start a thread selling a project that will make someone else money.

You chose wrong my friend.

After Shock Media · 09-16-2008, 09:17 PM

Well lets see Steve Jobs backed Pixar at about a million dollar a year loss for like 5 plus years before it got its break.

Now sure you are not him, and perhaps the loss is a greater percentage of your income than that was for him. Though I think in the long term, the same principle would apply. Do you believe in the project?

woj · 09-16-2008, 09:29 PM

Obviously you have to look at the numbers, is the traffic growing? is the income growing?, etc....

Doctor Dre · 09-16-2008, 10:10 PM

I know people that have invested thousands monthly for years before seeing a return. Today they are millionaires.
Never give up on your dreams.

rowan · 09-16-2008, 10:27 PM

Is your site YouTube?

I've been working on a project for the past year which has cost a moderate amount (probably about $5k capital and $3k/yr ongoing) and it has so far made $0. I need to spend a couple more mil cloning myself so I can complete it and make something of it.

tony286 · 09-16-2008, 10:32 PM

I think you have to set a time frame.
http://www.amazon.com/Dip-Little-Boo..._tit_3_rsrsrs0

09-16-2008, 08:54 PM	#1
d-null . . . Industry Role: Join Date: Apr 2007 Location: NY Posts: 13,724	how long do you let money bleeding projects go on for... curious how long you have patience for with projects that cost more than they bring in, with the hopes that sometime in the future they will pay off in selling the site or some other factor in monetization making the site profitable at times it's easy to get frustrated at the constant bandwidth charges every month yet it is so hard to just pull the plug on something that has taken on a life of its own, just as it is hard to sell cheap too when in the back of your mind you think that there is hope for large profit someday in the future more and more I'm starting to think that pulling the plug, forgetting about it, and investing energy and resources into projects with more immediate profitability might be the intelligent move in the volatile business of the internet __________________ __________________ Looking for a custom TUBE SCRIPT that supports massive traffic, load balancing, billing support, and h264 encoding? Hit up Konrad! Looking for designs for your websites or custom tubesite design? Hit up Zuzana Designs Check out the #1 WordPress SEO Plugin: CyberSEO Suite

09-16-2008, 08:57 PM	#2
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,336	It's different for everyone... I think the deciding factor depends on what your goals are. Figure out what your goals are and whether or not this project can help with those goals... if not, dump it. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.

09-16-2008, 09:17 PM	#4
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	Well lets see Steve Jobs backed Pixar at about a million dollar a year loss for like 5 plus years before it got its break. Now sure you are not him, and perhaps the loss is a greater percentage of your income than that was for him. Though I think in the long term, the same principle would apply. Do you believe in the project? __________________ [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

09-16-2008, 09:29 PM	#5
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	Obviously you have to look at the numbers, is the traffic growing? is the income growing?, etc.... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

09-16-2008, 08:57 PM	#3
aico Moo Moo Cow Join Date: Mar 2004 Location: Washington State Posts: 14,748	You had two choices. 1) start a thread explaining how you have a project that is losing you money. 2) start a thread selling a project that will make someone else money. You chose wrong my friend.

09-16-2008, 10:27 PM	#7
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	Is your site YouTube? I've been working on a project for the past year which has cost a moderate amount (probably about $5k capital and $3k/yr ongoing) and it has so far made $0. I need to spend a couple more mil cloning myself so I can complete it and make something of it.

09-16-2008, 10:32 PM	#8
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	I think you have to set a time frame. http://www.amazon.com/Dip-Little-Boo..._tit_3_rsrsrs0