Cool story from webmasterworld
My wife and I had a baby back in October 2003, and I timed the sale of my previous site with the new arrival in order to have lots of free time, etc.
After a few months I got bored so I started a new site just as a part-time thing so I had something to do and also of course to make some extra cash.
As luck would have it, the new site turned out to be my most profitable project yet, and now after about 7 months it is netting around 100-140k per month. I have 4 employees, etc. etc. and it has just become out of control and I can barely keep up.
So now I'm thinking of selling the site. It's a real cash cow, but again it's only 7 months old. Do I have any chance of selling the site with only a 7 month history?
My first thought was to just hang on as long as I can, until the site is at least 1 year old. But it's a fairly competitive industry and I fear that if I neglect the site too much the revenues and profits could drop quite a bit which would be a real waste. But I can barely keep up with the business and it's starting to stress me out.
Obviously there is no shortage of people who would love to "partner" up with me, and take over the day to day operations of the site and split the profits with me. But I've been screwed so many times in the past that I'm leary to do that. The last thing I want is to turn the site over to someone else and have them screw it up, only to have to take it back and try to salvage what's left of it.
Truthfully at this point I'm more inclined to sell it really cheap just to pocket what I can and count my blessings until I'm ready for the next project.
I don't have a whole lot of experience with selling sites though and I'm just wondering if you guys/gals think I could actually sell a site that's only 7 months old, and what kind of price I might be able to get for it?
Some basic info about the site ... The site sells a single digital product - basically access to a members only website (that no longer needs updating). The 4 "employees" are really independent contractors who work remotely from home. They handle most of the day to day stuff i.e. customer service etc. and would stay on with a new owner.
Anyway, what would you guys/gals suggest I do? This is all new to me and I really don't know what to do. My previous sites have never made more than 20k per month so this is a whole new ballgame for me. On one hand I'm tempted to hang on as long as I can and pocket as much cash as possible, but on the other hand the responsibility, stress, etc. is becoming too much to handle and it's not worth it.
My wife and I had a baby back in October 2003, and I timed the sale of my previous site with the new arrival in order to have lots of free time, etc.
After a few months I got bored so I started a new site just as a part-time thing so I had something to do and also of course to make some extra cash.
As luck would have it, the new site turned out to be my most profitable project yet, and now after about 7 months it is netting around 100-140k per month. I have 4 employees, etc. etc. and it has just become out of control and I can barely keep up.
So now I'm thinking of selling the site. It's a real cash cow, but again it's only 7 months old. Do I have any chance of selling the site with only a 7 month history?
My first thought was to just hang on as long as I can, until the site is at least 1 year old. But it's a fairly competitive industry and I fear that if I neglect the site too much the revenues and profits could drop quite a bit which would be a real waste. But I can barely keep up with the business and it's starting to stress me out.
Obviously there is no shortage of people who would love to "partner" up with me, and take over the day to day operations of the site and split the profits with me. But I've been screwed so many times in the past that I'm leary to do that. The last thing I want is to turn the site over to someone else and have them screw it up, only to have to take it back and try to salvage what's left of it.
Truthfully at this point I'm more inclined to sell it really cheap just to pocket what I can and count my blessings until I'm ready for the next project.
I don't have a whole lot of experience with selling sites though and I'm just wondering if you guys/gals think I could actually sell a site that's only 7 months old, and what kind of price I might be able to get for it?
Some basic info about the site ... The site sells a single digital product - basically access to a members only website (that no longer needs updating). The 4 "employees" are really independent contractors who work remotely from home. They handle most of the day to day stuff i.e. customer service etc. and would stay on with a new owner.
Anyway, what would you guys/gals suggest I do? This is all new to me and I really don't know what to do. My previous sites have never made more than 20k per month so this is a whole new ballgame for me. On one hand I'm tempted to hang on as long as I can and pocket as much cash as possible, but on the other hand the responsibility, stress, etc. is becoming too much to handle and it's not worth it.
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