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Selling Tiny Internet Projects for Fun and Profit

tinyprojects.dev

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Re: Selling Tiny Internet Projects for Fun and Profit

#61

Post by qixxiq »

andersource wrote: post #56

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.)

Re: Selling Tiny Internet Projects for Fun and Profit

#62

Post by duiker101 »

ZephyrBlu wrote: post #23
shash7 wrote: post #19

Earlier quoted context omitted.

Usually, the price is for the email list, backlinks to the domain name, various social accounts with followers, etc. The price for the actual app is a small part of the equation.

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.

Re: Selling Tiny Internet Projects for Fun and Profit

#63

Post by petercooper »

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 Getting to Yes and such books :-) Maybe having someone less emotionally attached to a project could work in negotiations to increase the price to far more than cover their fee?

Re: Selling Tiny Internet Projects for Fun and Profit

#64

Post by admissionsguy »

shaicoleman wrote: post #59
admissionsguy wrote: post #8

> 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…

According to their FAQ, funds are automatically released after the inspection period. The inspection period can last for up to 30 days, and is agreed upon by all parties at the beginning of the transaction. https://www.escrow.com/support/faqs/what-if-the-buyer-forget... https://www.escrow.com/support/faqs/what-is-an-inspection-pe...

The buyer has to mark the items as received for the inspection period to start.

Re: Selling Tiny Internet Projects for Fun and Profit

#65

Post by danvoell »

petercooper wrote: post #63

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…

Never Split the Difference is another good book to read.

Re: Selling Tiny Internet Projects for Fun and Profit

#66

Post by roofwellhams »

This looks like an ad for microacquire.com - quite shady in my opinion: to see any listing you need to sign up (even give linkedin), then you can't see any details... You got to pay premium, which is 290 usd a year. He says will refund if not happy. But to me seems more like a shady business.

Re: Selling Tiny Internet Projects for Fun and Profit

#68

Post by x4e »

JacKTrocinskI wrote: post #34
admissionsguy wrote: post #8

> 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…

Would a smart contract help avoid this kind of situation?

Yes, if you had an oracle [1] that was able to provide information on whether the transaction had completed.

[1]: https://en.m.wikipedia.org/wiki/Blockchain_oracle

Re: Selling Tiny Internet Projects for Fun and Profit

#69

Post by sly010 »

CGamesPlay wrote: post #17
admissionsguy wrote: post #8

> 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…

> 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.

Re: Selling Tiny Internet Projects for Fun and Profit

#70

Post by avinoth »

petercooper wrote: post #63

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. Surprisingly, communications skill doesn't play that big of a role, unless you really want to "sell it" most of the conversations goes the same way OP mentioned.

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