Hey all,
I am looking for some advice on what to do with my website, sell or hold onto it?
Basically I started a website about 9 months ago that is all content based that I promote an affiliate product on. I have 6 years experience in SEO and found a nitch I could easily take advantage of. To date it receives around 15,000 visitors daily and will bring in around $38,000-$50,000 in 2010.
I was approached by a monetization company the other day asking if my website was for sale. I responded with "The website is making around $40,000 a year now, so for me to sell it I wouldn't take anything less than $200,000."
I wrote that response with a kind of "piss off" mentality thinking I would not hear anything back from them. Well I did, and have a scheduled a call with the company later on this week.
I am just kind of curious as to what people on this forum would do. Hold onto a website that is averaging a net income of around $100 a day and has all the room in the world to grow. Or tie up the loose ends and take the cash.
I am conflicted. I almost think I have to come to conclusion I would only sell it for around $500,000. If the website is already making $40,000 a year now and does not grow over the next 10 years that is still a potential for $400,000 in total revenue over 10 years...
Thoughts??
I am looking for some advice on what to do with my website, sell or hold onto it?
Basically I started a website about 9 months ago that is all content based that I promote an affiliate product on. I have 6 years experience in SEO and found a nitch I could easily take advantage of. To date it receives around 15,000 visitors daily and will bring in around $38,000-$50,000 in 2010.
I was approached by a monetization company the other day asking if my website was for sale. I responded with "The website is making around $40,000 a year now, so for me to sell it I wouldn't take anything less than $200,000."
I wrote that response with a kind of "piss off" mentality thinking I would not hear anything back from them. Well I did, and have a scheduled a call with the company later on this week.
I am just kind of curious as to what people on this forum would do. Hold onto a website that is averaging a net income of around $100 a day and has all the room in the world to grow. Or tie up the loose ends and take the cash.
I am conflicted. I almost think I have to come to conclusion I would only sell it for around $500,000. If the website is already making $40,000 a year now and does not grow over the next 10 years that is still a potential for $400,000 in total revenue over 10 years...
Thoughts??