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They have ~2500 emails, no socials and seemingly only a few backlinks to startup listing websites. That does not seem worth 10k to me. What do you think?
if it's making $350/month, that's $12.6k for 3 years. I think a general rule of thumb for website valuations is 3 years of ARR so seems about right. That's assuming that the website will never grow and will never has any other possible income source.
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It is the same advice you hear for any other project - solve a problem. The projects that work are the ones that solve people's problems. The ones that fail are the ones that try to create solutions for problems people do not have.
To add to this, advice from people successful in this area really recommend solving a problem *you* have and avoid trying to solve problems you know exist but aren't a problem for you.
Buyer: I think I could come up to maybe $7500 but that’s about it. .. then later: Buyer: Ok at $10,500 we have a deal. I've sold a few projects in my time, but this conversation makes me think I should really look at having an agent represent me in future. The whole "I can only offer $7500" but then that turned into a $10500 sale just goes over my head - the communications skills needed are next level, and I've read…
> Giving your project to a stranger on the internet is risky, so we used escrow.com to make the transfer. I sold a website on Flippa once. The buyer put the money on Escrow.com, I transferred everything over, and they went AWOL. What I found out is that there is no straightforward way to obtain the funds when it happens. Apparently there is no way at all except via the court system. Which would mean the only real pro…
escrow.com is a licensed escrow operator. This is how it works, they don't get to just decide the outcome or they'll get shutdown during their audits. This is a good thing in transacting on the internet.
I appreciate how open the dev is being and I like the article! But I have a moral annoyance towards username squatting, especially by folks who don’t actually participate in the network…
Buyer: I think I could come up to maybe $7500 but that’s about it. .. then later: Buyer: Ok at $10,500 we have a deal. I've sold a few projects in my time, but this conversation makes me think I should really look at having an agent represent me in future. The whole "I can only offer $7500" but then that turned into a $10500 sale just goes over my head - the communications skills needed are next level, and I've read…
In reality it's much easier. I've sold couple of my projects before via different mediums (one is through microacquire - the one OP mentioned, and one was through a connect), and the best way i found to go about it is to be ready to walk away from the deal. I know this is negotiations 101, but it's tough to put it in practice most of the time if one person wants a little bit more to see the transaction through. Surpr…
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> Which would mean the only real protection Escrow gives is against the buyer going bankrupt (or using false identity, I suppose). Well, the buyer is out of the money in any case, which is a pretty big protection.
No. The buyer got his assets. You are out of money.