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Ask HN: Tips for selling a website/startup

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Ask HN: Tips for selling a website/startup

#1

Post by philiplindblom »

Hey eveyrone.

About 1½ years ago, I created 1000designers.com as a little side project, a marketplace for the best designers in the world - And while it went rather ok actually, I am now in pursuit of another venture. However, I think that it's kind of stupid just to abandon 1000designers as we generated quite a lot of revenue and press coverage - Such as in TechCrunch.

The technology behind the app isn't very sophisticated, however - I have a V2. built with rails purely that has incorporated a new revenue model that I know is more effective than the one I used and I generated around $150k in revenue during one year.

So - Any channels where you could potentially sell it?

Re: Ask HN: Tips for selling a website/startup

#4

Post by philiplindblom »

dangrossman wrote: post #3

Most small website sales happen on Flippa -- https://flippa.com/ If you're hoping for more than $100K or so, you might look into brokers or reach out directly to companies you think might be potential buyers.

Interesting, no - I'm not looking to get over $100k.

Re: Ask HN: Tips for selling a website/startup

#6

Post by superman007 »

philiplindblom wrote: post #5
krzrak wrote: post #2

The site seems to be down right now?

Yeah, it's been down for a few weeks.

WOW !! One of the most stupid statement i have seen. A single week downtime will ruin everything you built for years . It wont sell for 100 K now for sure unless you make it online and bring back the traffic

Re: Ask HN: Tips for selling a website/startup

#7

Post by rwhitman »

philiplindblom wrote: post #5
krzrak wrote: post #2

The site seems to be down right now?

Yeah, it's been down for a few weeks.

I've attempted to sell a product on Flippa before... Buyers are pretty skeptical especially about revenue and traffic.

You generally need to have some proof of revenue and that it's continuing to generate income, leads and traffic prior to the sale.

Trying to sell a product that's been offline for weeks is going to be an uphill battle unfortunately. On auction sites like Flippa for instance most of the buyers are SEO-focused so 2 weeks of downtime is going to be a liability.

If you want to sell it getting it back up should be a priority

Re: Ask HN: Tips for selling a website/startup

#8

Post by philiplindblom »

rwhitman wrote: post #7
philiplindblom wrote: post #5

Earlier quoted context omitted.

Yeah, it's been down for a few weeks.

I've attempted to sell a product on Flippa before... Buyers are pretty skeptical especially about revenue and traffic. You generally need to have some proof of revenue and that it's continuing to generate income, leads and traffic prior to the sale. Trying to sell a product that's been offline for weeks is going to be an uphill battle unfortunately. On auction sites like Flippa for instance most of the buyers are SEO…

What was the outcome of your attempt then? Did you manage to sell?

Re: Ask HN: Tips for selling a website/startup

#9

Post by philiplindblom »

rwhitman wrote: post #7
philiplindblom wrote: post #5

Earlier quoted context omitted.

Yeah, it's been down for a few weeks.

I've attempted to sell a product on Flippa before... Buyers are pretty skeptical especially about revenue and traffic. You generally need to have some proof of revenue and that it's continuing to generate income, leads and traffic prior to the sale. Trying to sell a product that's been offline for weeks is going to be an uphill battle unfortunately. On auction sites like Flippa for instance most of the buyers are SEO…

What I wish I would be able to say is that WE ARE SELLING A BRAND but unfortunately, I'd be lying. hehe.
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