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Selling Tiny Internet Projects for Fun and Profit

tinyprojects.dev

101–110 of 148 posts

Re: Selling Tiny Internet Projects for Fun and Profit

#101
post #90

Earlier quoted context omitted.

Discord, game platforms, etc. do this with a discriminator. You're not Bob, even though that's what everyone sees - you're Bob#1337 internal to the system, and people need your "full name" to locate you if you aren't already friends.

yah, have seen that too. not a fan since it really doesn’t reduce cognitive load or complexity.

I don't think it practically matters. I never add people by it. I'm in games or in Discord servers with them and just right click -> add.

Re: Selling Tiny Internet Projects for Fun and Profit

#102
post #75

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…

On the flip side, an agent is motivated to close the deal not necessarily get the highest price. If the agent gets 10% cut, they get $750 or $1050. Is $300 worth potentially souring the deal?

That's a common complaint about seller's agents in real estate.

Unsure what the solution is. A seller can, of course, say that they refuse to sell for under $X, though that could potentially still be leaving money on the table if the buyer might have been willing to offer $X+Y.

Re: Selling Tiny Internet Projects for Fun and Profit

#104

So you've discovered domain squatting.

It's definitely not a novel idea, but given that newer social networks are coming up every day, there ofcourse enough takers for it. However, the part that I find worth questioning is, how much of the revenue is really recurring revenue. Why'd someone subscribe for more than a few months on such a service.

Re: Selling Tiny Internet Projects for Fun and Profit

#105

> 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…

So this issue implies that there is a startup idea? I think there is a technical approach to solve the issue, by providing a system to let the escrow service provider to inspect and confirm the transferring of the source code, something like using a remote desktop (something like a temporary VPS) to where both the seller and the buyer have access, and during the delivering of the source code, the seller upload the co…

https://codekeeper.co/

Re: Selling Tiny Internet Projects for Fun and Profit

#106
post #61

A little OT but for anyone with experience - is the negotiation depicted realistic / typical? The final selling price is over twice the buyer's initial offer and almost 150% of what they said at one point is their max. I know it's a textbook negotiation but (obviously not having too much experience negotiating) I never thought that's really how they work in real life.

Yes. The buyer would might have been willing to pay $15,000+, but wanted to anchor (and start low) so went $4,500. The real max was introduced when the seller gave the $15,000 number... buyers never want to or will reveal their number (i.e. the $7500 was a lie.)

Thanks! So basically (typically, of course depending on circumstances) any number explicitly stated by the buyer is less than the true maximum and you can expect to converge on a higher price?

Re: Selling Tiny Internet Projects for Fun and Profit

#107
post #102
post #75

Earlier quoted context omitted.

On the flip side, an agent is motivated to close the deal not necessarily get the highest price. If the agent gets 10% cut, they get $750 or $1050. Is $300 worth potentially souring the deal?

That's a common complaint about seller's agents in real estate. Unsure what the solution is. A seller can, of course, say that they refuse to sell for under $X, though that could potentially still be leaving money on the table if the buyer might have been willing to offer $X+Y.

A reserve price just sets a target for the agent and they negotiate to that target. I'm sure there are some commission based structures out there that address this inbalance.

Re: Selling Tiny Internet Projects for Fun and Profit

#108

A little OT but for anyone with experience - is the negotiation depicted realistic / typical? The final selling price is over twice the buyer's initial offer and almost 150% of what they said at one point is their max. I know it's a textbook negotiation but (obviously not having too much experience negotiating) I never thought that's really how they work in real life.

think of negotiations as a price discovery mechanism (auctions as another example) with severe information asymmetries. the point of the process is to learn what each side values and what exactly is on offer (and can be potentially offered) and how much value each side places on those things. price is used as the primary signal of value, and you learn about value as prices and information is exchanged in an iterated…

Thanks! Yeah that's my idea, I guess what surprised me is the ranges involved. In the few times I had to negotiate (always as a "seller" as in salary negotiation), I would state around 110% of my minimum, and I was really prepared to walk away if the offer was below that. That worked but I guess it conditioned me to treat buyers' offers as 90% of their maximum while in reality it doesn't make sense for them to start there...

Re: Selling Tiny Internet Projects for Fun and Profit

#109

I wonder how viable a sort of "micro PE" firm would be, basically a company that just buys many of these micro indie projects with positive cash flow with the goal of holding on to them for profit or investing into their operations and eventually reselling them. There's been this trend of new firms popping up that acquire small ecommerce brands (in fact, there was one on HN just the other day). I'm wondering if the s…

I do remember seeing one, actually, aimed at smaller bootstrapped SaaS products doing >10k/MRR. But I can't for the life of me remember what it was called.

Re: Selling Tiny Internet Projects for Fun and Profit

#110

This is very interesting. I only really heard about these billion dollar aquisitions like Slack, I didn't know that there is an online marketplace for buying startups in the range of a few thousand dollars. That's awesome!

I've sold a few projects like this, ranging from $1,000 to $20,000. Some were a week or two of my time, versus the $20,000 exit was 3 years that I'm sure in this market would have been worth 3x that amount (such is life).

I don't have time to devout 40 hrs/week to projects, but can spend a few hours here and there. So for me, if I can turn some free time into cash and scratch that itch, all the better.

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